Equity
Patrick & Vasile Construct paid out €10,000 in dividends. That is 127% of the 2025 profit.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 24% of them on solvency, 13% on liquidity, 65% on profitability and 21% 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).
In July 2024, 6,713 companies had the same profile as Patrick & Vasile Construct has now. Each dot stands for 17 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Patrick & Vasile Construct itself: 0.8% within 12 months.
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 6,713 companies, not a prediction for Patrick & Vasile 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.
Liquidity is tight, with a current ratio of 1.2 (1.15 in 2024), below the usual 1.5. Short-term debt is 78% and cash 10.9% of total assets. 78% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 18 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Patrick & Vasile Construct Koekelberg | €41,989 | €11,037 | 22.0% | - |
| Safa Construction Lokeren | €28,887 | €8,047 | 78.3% | - |
| EBS Air & Eau Mons | €33,421 | €5,745 | 71.6% | - |
| KNUTS CONSTRUCTIES Nieuwerkerken (Limb.) | €59,702 | €11,460 | 86.3% | - |
| OBRA CONCEPT Anderlecht | €57,575 | €7,554 | 69.8% | - |
| KNK-KINIK Schaerbeek | €94,972 | €20,571 | 89.1% | - |
| DNGNETICS Hulshout | €56,795 | €30,127 | 12.5% | - |
These companies have the same main activity as Patrick & Vasile Construct: civil engineering (NACE 42219). They are comparable in size and age: total assets between €28,900 and €95,000, founded between 2014 and 2022.
Patrick & Vasile Construct files the micro format. That format states no turnover. The gross margin rose from €3,583 in 2019 to €11,037 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €84,000. Estimated: probably between €39,000 and €200,000.
Higher than 24% of 1,263 companies in 2025.
Higher than 32% of 1,222 companies in 2025.
Higher than 70% of 1,227 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
41,989 | 72,184 | 74,324 | 70,005 | 20,763 | 20,006 | 8,249 | |
21/28 |
2,550 | 2,550 | 2,550 | 4,563 | 5,525 | 7,538 | 2,400 | |
22/27 |
- | - | - | 2,013 | 4,025 | 6,038 | 900 | |
24 |
- | - | - | 2,013 | 4,025 | 6,038 | 900 | |
28 |
2,550 | 2,550 | 2,550 | 2,550 | 1,500 | 1,500 | 1,500 | |
29/58 |
39,439 | 69,634 | 71,774 | 65,442 | 15,238 | 12,469 | 5,849 | |
40/41 |
34,865 | 55,902 | 58,013 | 44,291 | 7,253 | 3,027 | 2,082 | |
40 |
19,175 | 42,600 | 42,600 | 39,600 | - | - | 1,000 | |
41 |
15,690 | 13,302 | 15,413 | 4,691 | 7,253 | 3,027 | 1,082 | |
54/58 |
4,574 | 13,732 | 13,761 | 21,151 | 7,985 | 9,442 | 3,767 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
41,989 | 72,184 | 74,324 | 70,005 | 20,763 | 20,006 | 8,249 | |
10/15 |
9,253 | 11,394 | 17,154 | 24,270 | 15,439 | 11,454 | 7,642 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | |
13 |
3,053 | 5,194 | 10,954 | 18,070 | 9,239 | 5,254 | 1,442 | |
130/1 |
- | - | 620 | 620 | 620 | 620 | - | |
130 |
- | - | - | - | - | - | 620 | |
1311 |
- | - | 620 | 620 | 620 | 620 | - | |
133 |
3,053 | 5,194 | 10,334 | 17,450 | 8,619 | 4,634 | 822 | |
17/49 |
32,736 | 60,790 | 57,170 | 45,735 | 5,324 | 8,552 | 607 | |
42/48 |
32,736 | 60,790 | 57,170 | 45,735 | 5,324 | 8,552 | 607 | |
44 |
16,589 | 39,835 | 39,789 | 41,438 | 1,939 | 8,178 | 53 | |
440/4 |
16,589 | 39,835 | 39,789 | 41,438 | 1,939 | 8,178 | 53 | |
45 |
7,647 | 8,205 | 7,181 | 4,150 | 1,583 | 374 | 374 | |
450/3 |
7,647 | 8,205 | 7,181 | 4,150 | 1,583 | 374 | 374 | |
47/48 |
8,500 | 12,750 | 10,200 | 146 | 1,803 | - | 180 | |
| Income statement | ||||||||
9900 |
11,037 | 13,303 | 9,369 | 13,592 | 9,725 | 8,433 | 3,583 | |
630 |
- | - | - | 2,013 | 2,013 | 2,013 | 900 | |
640/8 |
- | - | 112 | 509 | 1,686 | 1,156 | 601 | |
9901 |
11,037 | 13,303 | 9,257 | 11,071 | 6,027 | 5,264 | 2,082 | |
65/66B |
365 | 713 | 313 | 1,119 | 370 | 399 | 266 | |
65 |
365 | 713 | 313 | 1,119 | 370 | 399 | 266 | |
9903 |
10,672 | 12,590 | 8,944 | 9,951 | 5,657 | 4,866 | 1,816 | |
67/77 |
2,813 | 3,350 | 4,060 | 1,121 | 1,672 | 1,053 | 374 | |
9904 |
7,859 | 9,240 | 4,884 | 8,831 | 3,985 | 3,812 | 1,442 | |
9905 |
7,859 | 9,240 | 4,884 | 8,831 | 3,985 | 3,812 | 1,442 | |
| Appropriation of the result | ||||||||
9906 |
7,859 | 9,240 | 4,884 | 8,831 | 3,985 | 3,812 | 1,442 | |
791/2 |
2,141 | 5,760 | 7,116 | - | - | - | - | |
691/2 |
- | - | - | 8,831 | 3,985 | 3,812 | 1,442 | |
6920 |
- | - | - | - | - | - | 620 | |
6921 |
- | - | - | 8,831 | 3,985 | 3,812 | 822 | |
694/7 |
10,000 | 15,000 | 12,000 | - | - | - | - | |
694 |
10,000 | 15,000 | 12,000 | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 2 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 18-08-2026.
2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00408138.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-08-2026 | 2026-00408138 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00343402 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00373066 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00372702 | |
| 31-12-2021 | micro format | 02-08-2022 | 2022-20266660 | |
| 31-12-2020 | full format | 29-06-2021 | 2021-27300581 | |
| 31-12-2019 | full format | 29-10-2020 | 2020-64800314 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | 13,083 | 8,040 | 7,277 | 2,982 | ||
| - | - | - | 10,843 | 5,997 | 5,825 | 2,342 | ||
| - | - | - | 1,050 | 0 | 6,038 | 3,300 | ||
| -9,158 | -29 | -7,390 | 13,166 | -1,457 | 5,675 | - | ||
| 6,703 | 8,844 | 14,604 | 19,707 | 9,914 | 3,917 | 5,242 | ||
| 22.0% | 15.8% | 23.1% | 34.7% | 74.4% | 57.3% | 92.6% | ||
| 1.20 | 1.15 | 1.26 | 1.43 | 2.86 | 1.46 | 9.64 | ||
| 3.54 | 5.34 | 3.33 | 1.88 | 0.34 | 0.75 | 0.08 | ||
| 84.9% | 81.1% | 28.5% | 36.4% | 25.8% | 33.3% | 18.9% | ||
| 18.7% | 12.8% | 6.6% | 12.6% | 19.2% | 19.1% | 17.5% | ||
| - | - | - | 11.69 | 21.72 | - | - |
EBIT margin: not included in this filing.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €1,050 | - |
| - | - | - | €2,013 | €2,013 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 17% lower than in 2024.
Debt's share of the balance-sheet total falls from 84.2% to 78.0%. Equity and debt are lower.
Patrick & Vasile Construct has no parent and no holdings in its annual accounts. MARCHIS Viorel Petru is the only director. Patrick & Vasile Construct shares no director with another company.
| Vanzo Supply
registered office since 27-04-2018 · founded in 2018 · negative equity (2024) · accounts filed late |
total assets €132,617 (2024) 0695.559.086 |
| VANZO CONSULTING SCS
registered office since 03-05-2018 |
founded in 2018 0696.694.877 |
| Zohrevand, Babak (sole trader)
establishment since 26-10-2016 |
founded in 2016 0664.952.618 |
| Association des copropriétaires de l'immeuble sis à 1081 Koekelberg, Boulevard Léopold II 273
registered office since 08-09-2015 |
founded in 2015 0643.852.841 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Leopold II-laan 273 registered office 1081 Koekelberg | ||
| Generaal Dumonceaulaan 23 1190 Forest 4221901 Civil engineering | 26-09-2018 | 2.280.585.410 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21492B0037/00S000 | 81 m² | 1 · 64 m² | 18.5 m · 5 |
| 21384D0250/00B008 | 78 m² | 1 · 75 m² | 14.2 m · 4 |
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 0705.843.264
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