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V CONSTRUCT

Active Private limited companyfounded 1999active for 27 yearsWaregemstraat 75, 9870 ZulteKBO/BCE: BE 0466.574.552
V CONSTRUCT
Financial year 2025
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Annual accounts 2025

micro format, filed on 25-03-2026, 128 days before the deadline
€41,888
▼ 34.7%
€34,278
▼ 39.4%
€25,352
▼ 36.9%
€178,188
▲ 21.1%
92.5%
▼ 1.2 percentage points
13.11
▼ 2.43

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 ≈ €250,000. Estimated: probably between €180,000 and €430,000.

Balance sheet

balance sheet total €195,882 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

92.5%

Higher than 95% of 35,136 companies in 2025.

13.11

Higher than 95% of 34,510 companies in 2025.

12.9%

Higher than 65% of 34,711 companies in 2025.

V CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 195,882166,324158,926140,788141,385109,21299,89970,04560,52071,734114,764112,87380,68191,95984,53335,8479,39019,67513,09326,990
21/28 2,9829,11012,30124,19837,10728,04432,0002,1135,23915,23030,77634,57734,14517,83311,58013,4932,6183,0942,63212,031
22/27 2,9829,08412,27624,17337,08228,01931,9752,0885,21415,20530,75134,55234,12017,80811,55513,4682,5933,0692,60712,006
23 062151240329418--9382,1703,8695258751,0562,112201402-4821,564
24 2,9829,02212,12523,93336,75427,30231,3752,0884,27613,03626,88234,02733,24616,4928,92312,4861,1501,7675638,299
26 ----0300600------2605217811,0411,3011,5622,144
28 025252525252525252525252525252525252525
29/58 192,900157,214146,625116,590104,27781,16867,89967,93255,28156,50383,98878,29746,53674,12572,95322,3546,77216,58210,46114,958
3 ---------2,197----------
30/36 ---------2,197----------
40/41 79,87577,23280,72736,65625,75514,3179,56511,23324,5092,69820,52916,58615,91114,65716,33421,0546,0314,0274,00710,539
40 6,59814,0206,28323,19013,80814,3178,8197,86622,76148918,39415,93015,86212,90214,99417,8515,3083,4053,6939,811
41 73,27763,21274,44413,46611,94707453,3681,7482,2102,135655481,7551,3403,202722622315728
54/58 110,69178,54865,03579,32777,64765,30757,33055,39228,87050,42762,42360,74129,16757,82056,23583935611,0193,812681
490/1 2,3341,4338636078761,5441,0041,3071,9031,1821,0369711,4581,6493844623851,5352,6423,739
Balance sheet: equity and liabilities
10/49 195,882166,324158,926140,788141,385109,21299,89970,04560,52071,734114,764112,87380,68191,95984,53335,8479,39019,67513,09326,990
10/15 181,099155,747135,553108,723120,32092,31683,58951,39323,89350,12085,19577,50964,07457,53137,15416,194-8,498-6,819-22,037-22,275
10/11 -020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
100 ------20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
13 181,098155,746115,55288,669100,29572,30463,58736,56536,56536,56563,65056,00043,00037,00017,00014,00014,00014,00014,00014,000
130/1 --02,0002,0002,000--------------
130 ------2,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,000
1311 --02,0002,0002,000--------------
132 2131,3912,5686,37910,1907,89910,532-------------
133 180,885154,355112,98480,29088,10562,40551,05534,56534,56534,56561,65054,00041,00035,00015,00012,00012,00012,00012,00012,000
14 1105425121-5,172-32,672-6,4451,5451,5091,074531154-17,806-42,498-40,819-56,037-56,275
16 714648561,9072,9581,9752,633-------------
168 714648561,9072,9581,9752,633-------------
17/49 14,71210,11422,51730,15918,10714,92113,67718,65236,62721,61429,56835,36416,60734,42747,37919,65317,88826,49435,13149,265
17 ------------------4,15111,267
170/4 ------------------4,15111,267
42/48 14,71210,11422,51730,15918,10714,92113,67718,65236,62721,61428,42234,67516,12734,42747,37918,10017,88826,49430,98037,998
42 -----------------4,1517,1167,116
43 ----------333333333333----
430/8 ----------333333333333----
44 5,5571,1062005745081536852,99915,0184231,2861,2715893,40210,9202,477998463373,678
440/4 5,5571,1062005745081536852,99915,0184231,2861,2715893,40210,9202,477998463373,678
46 --------------21,885-----
45 9,1559,00720,31729,58417,5998,2902,396-500-7,30711,7303,91030,9922,902274---119
450/3 9,1559,00720,31729,58417,5998,2902,396-500-7,30711,7303,6007,6912,902274---119
454/9 ------------31023,300------
47/48 -02,000-06,47810,59515,65321,10921,19019,79421,64011,596-11,63915,31616,89022,29723,52627,085
492/3 ----------1,147689479--1,553----
Income statement
76A ---07,851016,457---215-4,545--1,500----
9900 41,88864,16157,45152,59355,88922,23449,81234,302-12,828-14,98137,92639,73925,26945,02937,65335,2631,30820,18612,89020,490
630 6,1026,43513,60313,90013,62010,1159,4205,8259,99116,67920,21116,22314,6669,5417,5849,2831,5191,9329,91411,616
631/4 0-1,936------------5,1025,102--1,118--
640/8 1,4823,1121,2721,1371,1261,0932,4408932,6251,3061,8253,7121,5111,5329228058016121,375867
66A 2501,096--0489------------963
9901 34,27856,55041,48037,55641,14311,02637,46327,584-25,444-32,96615,89019,8049,09239,05824,04425,175-1,01216,5241,6018,008
75/76B 3,9333,9233,210040200--6114113258425254221613550
75 3,9333,9233,210040200--6114113258425254221613550
65/66B 10215211811089717655541,4421,5859797759981,3372,0056821,3161,4182,475
65 10215211811089717655541,4421,5859797759981,3372,0056821,3161,4182,475
9903 38,11060,32044,57337,44641,45710,95437,38827,529-25,498-34,34614,66218,83813,12038,48522,96124,692-1,67815,2212384,570
780 3933931,0511,051980---------------
680 ---01,963---------------
67/77 13,15020,51916,74015,52912,4702,8852,559287307296,9765,4033,9777,1082,001022--67
9904 25,35240,19428,88422,96828,0048,72832,19527,500-26,227-35,0757,68613,4359,14331,37720,96024,692-1,67915,2192384,638
789 1,1781,1783,8113,8113,5982,6332,633-------------
689 ---05,888013,166-------------
9905 26,53041,37232,69426,77825,71311,36121,66327,500-26,227-35,0757,68613,4359,14331,37720,96024,692-1,67915,2192384,638
Appropriation of the result
9906 26,53141,37232,74826,80425,72511,36216,491-5,172-32,672-33,5309,19514,5099,67431,5313,154-17,806-42,498-40,819-56,037-56,275
14P 10542512---------------
791/2 -02,00034,565-----27,085----------
691/2 26,53041,37132,69426,75025,70011,35016,490---7,65013,0006,00020,0003,000-----
6921 26,53041,37132,69426,75025,70011,35016,490---7,65013,0006,00020,0003,000-----
694/7 -02,05434,565--------2,60011,000------
694 -02,05434,565--------2,600-------
695 -------------11,000------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 25-03-2026.

Download as CSV

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 25-03-2026 2026-00061810 PDF
31-12-2024 micro format 19-05-2025 2025-00097104 PDF
31-12-2023 micro format 11-04-2024 2024-00061758 PDF
31-12-2022 micro format 26-07-2023 2023-00273011 PDF
31-12-2021 micro format 30-05-2022 2022-20037054 PDF
31-12-2020 micro format 30-07-2021 2021-43700363 PDF
31-12-2019 micro format 25-06-2020 2020-21100390 PDF
31-12-2018 micro format 29-08-2019 2019-54600138 PDF
31-12-2017 micro format 30-08-2018 2018-54600178 PDF
31-12-2016 micro format 14-08-2017 2017-43600092 PDF
31-12-2015 abbreviated format 15-08-2016 2016-42900173 PDF
31-12-2014 abbreviated format 13-08-2015 2015-42000510 PDF
31-12-2013 abbreviated format 30-07-2014 2014-37200062 PDF
31-12-2012 abbreviated format 10-07-2013 2013-28900339 PDF
31-12-2011 abbreviated format 27-06-2012 2012-22200089 PDF
31-12-2010 abbreviated format 23-06-2011 2011-18500209 PDF
31-12-2009 abbreviated format 25-06-2010 2010-21200316 PDF
31-12-2008 abbreviated format 11-08-2009 2009-55600081 PDF
31-12-2007 abbreviated format 27-06-2008 2008-29200165 PDF
31-12-2006 abbreviated format 20-07-2007 2007-42800328 PDF
31-12-2005 abbreviated format 17-11-2006 2006-87600029 PDF
31-12-2004 abbreviated format 13-07-2006 2006-46400607 PDF
31-12-2003 abbreviated format 17-06-2004 2004-26603867 PDF
31-12-2002 abbreviated format 16-09-2003 2003-67102030 PDF
31-12-2001 abbreviated format 26-11-2002 2002-73600052 PDF
31-12-2000 abbreviated format 27-12-2001 2001-78503575 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
40,38162,98555,08351,45654,76321,14146,88433,409-15,453-16,28636,10136,02723,75848,60031,62834,45850718,45611,51619,623
31,45546,62942,48636,86741,62418,84341,61633,325-16,236-18,39627,89729,65823,80940,91828,54433,975-16017,15010,15316,253
03,2441,70599122,6836,16039,3072,69901,13423,91016,65430,97815,7945,67120,1571,0442,394515660
32,14313,513-14,2921,68012,3407,9771,93826,522-21,557-11,9961,68231,574-28,6531,58455,397483-10,6637,2073,132-
178,188147,101124,10886,43186,17166,24754,22249,28018,65434,89055,56643,62230,40839,69825,5744,254-11,116-9,912-20,518-23,040
92.5%93.6%85.3%77.2%85.1%84.5%83.7%73.4%39.5%69.9%74.2%68.7%79.4%62.6%44.0%45.2%-90.5%-34.7%-168.3%-82.5%
13.1115.546.513.875.765.444.963.641.512.612.962.262.892.151.541.240.380.630.340.39
13.1115.546.513.875.765.444.963.641.512.512.962.262.892.151.541.240.380.630.340.39
0.080.060.170.280.150.160.160.361.530.430.350.460.260.601.281.21----
14.0%25.8%21.3%21.1%23.3%9.5%38.5%53.5%-109.8%-70.0%9.0%17.3%14.3%54.5%56.4%152.5%----
12.9%24.2%18.2%16.3%19.8%8.0%32.2%39.3%-43.3%-48.9%6.7%11.9%11.3%34.1%24.8%68.9%-17.9%77.3%1.8%17.2%
over 100over 100over 100over 100over 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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€3,244€1,705€991€22,683
Financial fixed assets€0----
€6,102€6,435€13,603€13,900€13,620

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on V CONSTRUCT

The operating result for 2025 is 39% lower than in 2024 and the lowest since 2020.

Debt's share of the balance-sheet total rises from 6.1% to 7.5%. Equity and debt are higher.

Next steps

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