Overdue debts
€2,337 on 31-12-2025
The annual accounts state €2,337 of overdue tax debts on 31-12-2025.
FVV CONSTRUCT
Overview
Lifetime
1 annual account with figurespeak €48,595 (2025)
€48,595
peak €33,391 (2025)
€33,391
peak €36,391 (2025)
€36,391
€9,628
Board1 name since 2024
1 directorFRUNZA Vadim
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
First year with figures
Key points
from the 2025 annual accountsTurnover
≈ €260,000 estimated
The micro format states no turnover.
Position in the sector
79.1%
Higher solvency than 84% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
88
Excellent
Financially stronger than 91% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.9%
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 2.3%▲ +0.4 percentage points vs 01-2026
03-2026: 2.4%▲ +0.1 percentage points vs 02-2026
04-2026: 2.7%▲ +0.3 percentage points vs 03-2026
05-2026: 2.7%● unchanged vs 04-2026
06-2026: 3.0%▲ +0.3 percentage points vs 05-2026
07-2026: 3.0%● unchanged vs 06-2026highest value
08-2026: 0.4%▼ -2.6 percentage points vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €46,019
lowers risk
Liquidity: current ratio 3.70, cash €23,940
Equity €36,391 (79.1% of total assets)
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 43, micro). It does better than 90% of them on solvency, 90% on liquidity and 92% on profitability.
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 very low class on 30-06-2025, 0.1% 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, 39,278 companies had the same profile as FVV CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FVV CONSTRUCT itself: 0.4% 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 39,278 companies, not a prediction for FVV 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
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.7, above the usual 1.5. Short-term debt is 20.9% and cash 52% of total assets. 20.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015816266
Incorporation
Founding capital of €3,000, 100 shares · Founder: FRUNZA Vadim (comparant) · Appointment: FRUNZA Vadim (director) · published on 05-11-2024 · Gazette deed
First establishment
Kerkstraat 59, Grimbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FVV CONSTRUCT Grimbergen | €46,019 | €48,595 | 79.1% | - |
| LEVBI CONSTRUCT Zaventem | €52,192 | €51,628 | 77.6% | - |
| ELECTROREUT Ternat | €50,045 | €54,244 | 80.0% | - |
| UCR SERVICES Sint-Pieters-Leeuw | €45,693 | €40,150 | 73.7% | - |
| Sanitair De Wit Ghent | €43,544 | €44,240 | 87.5% | - |
| Tim Technics Bilzen-Hoeselt | €48,895 | €47,115 | 72.8% | - |
| GRECAPROJECT Steenokkerzeel | €56,415 | €42,325 | 50.9% | - |
These companies have the same main activity as FVV CONSTRUCT: plumbing work (NACE 43221). They are comparable in size and age: total assets between €43,500 and €56,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 31-10-2024Normal situation
- Activity
- Plumbing workNACE 43221and 5 others
- Establishment unit
- 2.365.748.1431851 Grimbergen, since 31-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €48,595
- €33,391
- €36,391
- €46,019
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on FVV CONSTRUCT
FVV CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,391 and a net result of €33,391.
Its solvency ranks better than 84% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadline€48,595
€42,815
€33,391
€25,970
79.1%
3.70
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €170,000 and €350,000.
Balance sheet
balance sheet total €46,019 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
79.1%
Higher than 84% of 35,136 companies in 2025.
3.70
Higher than 78% of 34,510 companies in 2025.
72.6%
Higher than 95% of 34,711 companies in 2025.
FVV CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
46,019 | |
21/28 |
10,421 | |
22/27 |
10,421 | |
23 |
1,100 | |
24 |
9,321 | |
29/58 |
35,598 | |
40/41 |
10,843 | |
40 |
1,500 | |
41 |
9,343 | |
54/58 |
23,940 | |
490/1 |
815 | |
| Balance sheet: equity and liabilities | ||
10/49 |
46,019 | |
10/15 |
36,391 | |
10/11 |
3,000 | |
14 |
33,391 | |
17/49 |
9,628 | |
42/48 |
9,628 | |
44 |
4,306 | |
440/4 |
4,306 | |
45 |
2,337 | |
450/3 |
2,337 | |
47/48 |
2,985 | |
| Income statement | ||
9900 |
48,595 | |
630 |
4,459 | |
640/8 |
1,320 | |
9901 |
42,815 | |
65/66B |
88 | |
65 |
88 | |
9903 |
42,728 | |
67/77 |
9,337 | |
9904 |
33,391 | |
9905 |
33,391 | |
| Appropriation of the result | ||
9906 |
33,391 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355789 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 47,274 | ||
| 37,850 | ||
| 14,880 | ||
| 25,970 | ||
| 79.1% | ||
| 3.70 | ||
| 0.26 | ||
| 91.8% | ||
| 72.6% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Overdue debts
tax and social security| Item | 2025 |
|---|---|
| Overdue tax debts | €2,337 |
Source: notes to the 2025 annual accounts (statement of debts)
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €14,880 |
| €4,459 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on FVV CONSTRUCT
Debt's share of the balance-sheet total is 20.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 05-11-2024
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12 : Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 05-11-2024
Mandates through the years
1 name, the dashed line is todayFRUNZA Vadim
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- FRUNZA Vadim
- Director (not named in the articles), appointed by deed of 05-11-2024, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €364 in 2025
- Source
- deed of 05-11-2024
Articles of association
deed of 05-11-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, ten minste vijftien dagen te rekenen van dag openstelling intekening”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering om één of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen, om welke reden…”
Shareholders
At incorporation
deed of 05-11-2024 ↗
- FRUNZA Vadim 100 shares (100%) · €3,000 in cash
Network & group
No group
FVV CONSTRUCT has no parent and no holdings in its annual accounts. FRUNZA Vadim is the only director. FVV CONSTRUCT shares no director with another company.
At the same address
Kerkstraat 59, 1851 Grimbergen · 1 other company| SERENITY DAY
registered office since 29-07-2024 |
founded in 2024 1011.999.911 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1015816266
2024
IncorporationFounding capital of €3,000, 100 shares · Founder: FRUNZA Vadim (comparant) · Appointment: FRUNZA Vadim (director) · published on 05-11-20246 points ▸
- Founder, FRUNZA Vadim (comparant)
- Founding capital, €3,000, 100 shares
- 100 shares
- Registered office clause, Grimbergen (1851 Humbeek) Kerkstraat, 59 bus 4
- Board rule, 1
- Director appointment, FRUNZA Vadim (director (not named in the articles))
- The deed holds 8 more points.
First establishment Kerkstraat 59, Grimbergen
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1015.816.266
- VAT number
- BE 1015.816.266
- Peppol ID
- 0208:1015816266
- Other Peppol ID
- 9925:BE1015816266
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 31-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 18:00deed of 05-11-2024 (in Dutch)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- FVV CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-11-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 05-11-2024 (in Dutch)
Activities
NACEBEL 202543221
Plumbing work main activity
43230
Insulation installation
43320
Joinery installation
Codes under NACEBEL 2008
43221
Plumbing main activity
43222
Specialised construction activities
43291
Specialised construction activities
43299
Specialised construction activities
43320
Joinery installation
43995
Specialised construction activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het bouwen,oprichten,onderhouden,herstellen en renoveren van woningen,zowel bestaande als nieuwbouw,zowel kantoorgebouwen als andere…”deed of 05-11-2024 (in Dutch)
27 activities
- Het bouwen,oprichten,onderhouden,herstellen en renoveren van woningen,zowel bestaande als nieuwbouw,zowel kantoorgebouwen als andere niet-residentiële gebouwen;
- Het bouwen,oprichten,onderhouden,herstellen en renoveren van autowegen en andere wegen;
- Overige bouwinstallatie en afwerking van gebouwen;
- Onderneming voor het bouwen van funderingen,inclusief heien,voor het vlechten van ijzer en aanbrengen van bekisting,voor het monteren van niet-zelfvervaardigde metalen constructiewerken en voor het optrekken en afbreken van steigers en werkplatforms;
- Onderneming voor het boren en aanleggen van waterputten,graven van mijnschachten;
- Bouw van civieltechnische werken voor elektriciteit en telecommunicatie;
- Bouw van andere civieltechnische werken;
- Slopen;
- Bouwrijp maken en ruimen van terreinen en bouwterreinen;
- Proefboren en boren;
- Isolatiewerkzaamheden;
- Installatie van stores en zonneschermen;
- Stukadoorswerk;
- Schrijnwerk;
- Installatie van al dan niet verplaatsbare tussenwanden,bekleding van wanden,plafonds,enzovoort in hout of kunststof;
- Installatie van geblindeerde deuren en brandwerende deuren in hout,kunststof of metaal;
- Montage van serres,veranda's,enzovoort,in hout of kunststof;
- Installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzovoort,in metaal;
- Installatie van binnendeuren en scheidingswanden;
- Plaatsen van tussenwanden van gipsplaten,vloerbedekking,wandbekleding,behang,vloerbedekking en wandbekleding van andere materialen;
- Schilderen van gebouwen,civieltechnische werken,metalen constructies en anderen;
- Glaszetten;
- Gevelreiniging door middel van zandstralen,met behulp van stoom,enzovoort;uitvoeren van metsel- en voegwerken,alsook chapewerken;
- Onderneming voor het uitvoeren van voegwerken;
- Restaureren van bouwwerken;
- Overige gespecialiseerde bouwwerkzaamheden verhuisbedrijven;
- Reinigen van gebouwen,industriële reiniging,reinigen van het interieur van allerlei gebouwen zoals kantoren,fabrieken,werkplaatsen,allerlei commerciële gebouwen,appartementsgebouwen,enzovoort,alsook het lappen van ramen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kerkstraat 59 registered office 1851 Grimbergen | 31-10-2024 | 2.365.748.143 |
Buildings and parcels at the address
- Ground area
- 1,045 m²
- Buildings
- 162 m²
- Volume, LiDAR
- 1,242 m³
- Tallest building
- 11.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23036B0374/00M002 | 1,045 m² | 1 · 162 m² | 11.7 m · 3 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1015.816.266