Equity
-€43,503
Debts exceed assets in financial year 2025.
DE VRIJE CONSTRUCT
Lifetime
14 annual accounts with figures on one time axispeak €258,336 (2019)
-€800▲ €80,107
lowest -€82,165 (2024)
-€3,994▲ €78,171
peak €73,039 (2021)
-€43,503▼ €3,994
€135,373▼ 14.1%
peak 0 FTE (2022)
-not published
Board13 names since 2016all names
8 directorsDespiegelaere Promotions and 7 others
Owners6 names in the annual accounts
50%POC Partners and 2 others
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Gross margin from -€80,907 to -€800Loss of €3,994Cash from €25,440 to €2,023
Key points
from the 2025 annual accountsResult
-€3,994 ▲ 95.1%
The result rose in 2025 from -€82,165 to -€3,994.
Debts
€135,373 147% of the balance sheet
Financial debts 25%Suppliers 58%Other 17%
Of this, €101,538 falls due within a year.
Filings
14 annual accounts since 2012
Three of the last ten came late. The 2019 accounts came latest: 98 days after the end of the period.
At the same address
37 companies
Position in the sector
-47.4%
Lower solvency than 95% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
53
Fair
Financially stronger than 16% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.1%▼ -0.1 percentage points vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 1.0%● unchanged vs 08-2025highest value
10-2025: 1.0%● unchanged vs 09-2025highest value
11-2025: 1.0%● unchanged vs 10-2025highest value
12-2025: 1.0%● unchanged vs 11-2025highest value
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.3 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€43,503
lowers risk
Size: total assets €91,870
Sector: Real estate activities (NACE 68)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 6% on liquidity, 24% on profitability and 28% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as DE VRIJE CONSTRUCT has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DE VRIJE CONSTRUCT itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for DE VRIJE CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.9 (0.77 in 2024), below 1. Short-term debt is 110.5% and cash 2.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€43,503
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
24 days early
2023
20 days early
2022
30 days late
2021
26 days early
2020
23 days early
2019
98 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- POC Partners 50%score 87equity €81.5m (2025) · 2025 annual accounts of POC Partners
- Huysman Bouw 25%score 82equity €13.1m (2025) · 2025 annual accounts of Huysman Bouw
- KIM 25%score 96equity €1.8m (2025) · 2025 annual accounts of KIM
Recent changes
8 directors appointed, 8 resignations
Resignations: HUYSMAN PROJECTS, KIM, POC Partners, IMMO HILL, Huysman Bouw, TDHC and 2 others · Appointments: HUYSMAN PROJECTS, KIM, POC Partners, IMMO HILL, Huysman Bouw, TDHC and 2 others · Permanent representatives: Frans Huysman, Axel De Bisscop, Elisabeth Van Damme, David Hillewaere, Thibaut Duboccage, Arthur Despiegelaere and 2 others · General meeting of 22-12-2023 · Gazette deed
Environmental permit granted
Bouwen of herbouwen · Knokke-Heist
Environmental permit granted
Bouwen of herbouwen · Knokke-Heist
Registered office moved from Pittem to Roeselare
New registered office: Koestraat 175A bus 2.1, 8800 Roeselare · Previous registered office: Joos de ter Beerstlaan 64, 8740 Pittem · Permanent representative: Van Damme Elisabeth · Board meeting of 19-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DE VRIJE CONSTRUCT Roeselare | €91,870 | -€800 | -47.4% | - |
| VVD PROJECTS Anzegem | €92,661 | -€29,686 | 94.3% | - |
| JAFI De Panne | €91,639 | -€4,090 | 52.0% | - |
| FRUN PARK NIVELLES Bruges | €100,016 | -€9,769 | -394.5% | - |
| 9DESIGN.BE Antwerp | €88,577 | -€8,170 | -495.6% | - |
| YankeeMikeBravo Schilde | €96,749 | -€517 | 99.3% | - |
| VERTOMMEN WOONPROJECTEN Keerbergen | €108,281 | -€3,033 | -6.7% | - |
These companies have the same main activity as DE VRIJE CONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €88,600 and €108,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 20-01-2011Normal situation
- Registered office
- 20 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.204.277.1918800 Roeselare, since 20-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €91,870▼ 22.2%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on DE VRIJE CONSTRUCT
DE VRIJE CONSTRUCT has existed since 2011. The gross margin fell from €258,336 in 2019 to €29,129 in 2020.
Solvency fell in 2025 from -33.5% to -47.4% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DE VRIJE CONSTRUCT
- What is the company number of DE VRIJE CONSTRUCT?
- The company number of DE VRIJE CONSTRUCT is 0833.279.587. The VAT number is the same number with BE in front: BE 0833.279.587.
- Where is DE VRIJE CONSTRUCT based?
- The registered office is at Koestraat 175 A, 8800 Roeselare.Company details
- What does DE VRIJE CONSTRUCT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of DE VRIJE CONSTRUCT?
- DE VRIJE CONSTRUCT is a public limited company (NV).
- When was DE VRIJE CONSTRUCT founded?
- DE VRIJE CONSTRUCT was founded on 20-01-2011.
- Is DE VRIJE CONSTRUCT still active?
- Yes, DE VRIJE CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of DE VRIJE CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is DE VRIJE CONSTRUCT profitable?
- In financial year 2025, DE VRIJE CONSTRUCT made a loss of €3,994.
- Where can I find the annual accounts of DE VRIJE CONSTRUCT?
- DE VRIJE CONSTRUCT filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DE VRIJE CONSTRUCT due?
- DE VRIJE CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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