V & D CONSTRUCT
ActiveSummary
The annual accounts of V & D CONSTRUCT for financial year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €28,367 and a net result of -€35,874. Equity is growing by about 2.6% per year across the filed financial years. Its solvency ranks better than 39% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).
Overview
- Equity
- €28,367
- Loss
- -€35,874
- DERENETTE, Ernest Johan FranciesDirector
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €35,874 (financial year 2025)Sector: Specialised construction activities (NACE 43)Last filed accounts filed 28 days late; 1 of the last 3 latelowers riskFounded in 1997Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 40% on solvency, 20% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 24 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €1,267
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00442852.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €26,111 after €8,861 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.6% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,831 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,250 | €7,406 | €9,245 | €13,323 | €15,816 | €16,115 | €2,681 | €3,093 | ▲ 15.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €1,952 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,670 | €2,053 | €683 | €6,214 | €651 | ▼ 89.5% |
| Non-recurring operating charges66A | - | - | - | €9,088 | €335 | €790 | €8,916 | - | - |
| Gross operating margin9900 | €52,150 | €90,921 | €63,278 | €19,550 | €31,912 | -€15,675 | €26,672 | -€22,367 | - |
| Operating profit (loss)9901 | €38,632 | €79,683 | €44,708 | -€5,531 | €13,709 | -€35,214 | €8,861 | -€26,111 | - |
| Financial income75/76B | - | - | - | €1,112 | €27,065 | €1,457 | €396 | €596 | ▲ 50.5% |
| Recurring financial income75 | €972 | €237 | €1,667 | €1,112 | €121 | €1,457 | €396 | €596 | ▲ 50.5% |
| Non-recurring financial income76B | - | - | - | - | €26,945 | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,783 | €6,203 | €6,939 | €7,724 | €10,085 | ▲ 30.6% |
| Recurring financial charges65 | €9,050 | €6,504 | €6,093 | €6,783 | €6,203 | €6,939 | €7,724 | €10,085 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €30,554 | €73,417 | €40,282 | -€11,201 | €34,572 | -€40,695 | €1,533 | -€35,600 | - |
| Income taxes67/77 | €9,266 | €17,446 | €10,544 | €760 | €2,333 | €286 | €266 | €274 | ▲ 2.8% |
| Profit (loss) for the period9904 | €21,288 | €55,971 | €29,738 | -€11,961 | €32,238 | -€40,980 | €1,267 | -€35,874 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €3,320 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €21,288 | €55,971 | €29,738 | -€8,641 | €32,238 | -€40,980 | €1,267 | -€35,874 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €172,950 | €214,334 | €234,298 | €279,810 | €203,322 | €142,035 | €89,980 | €75,971 | ▼ 15.6% |
| Fixed assets21/28 | €111,455 | €107,492 | €130,422 | €153,361 | €48,707 | €39,184 | €10,315 | €13,104 | ▲ 27.0% |
| Tangible fixed assets22/27 | €111,405 | €107,442 | €130,372 | €153,311 | €48,657 | €35,384 | €7,765 | €10,554 | ▲ 35.9% |
| Land and buildings22 | - | - | - | €93,055 | - | - | - | €1,087 | - |
| Plant, machinery and equipment23 | - | - | - | €3,719 | €5,158 | €5,059 | €3,585 | €5,450 | ▲ 52.0% |
| Furniture and vehicles24 | - | - | - | €56,536 | €43,499 | €30,324 | €4,180 | €4,017 | ▼ 3.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €3,800 | €2,550 | €2,550 | = |
| Current assets29/58 | €61,496 | €106,843 | €103,876 | €126,449 | €154,616 | €102,851 | €79,665 | €62,868 | ▼ 21.1% |
| Amounts receivable after more than one year29 | - | - | - | €25,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Other amounts receivable291 | - | - | - | €25,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Stocks and contracts in progress3 | €500 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €38,907 | €45,751 | €38,884 | €59,507 | €50,052 | €67,491 | €42,690 | €30,581 | ▼ 28.4% |
| Trade receivables40 | - | - | - | €45,927 | €35,189 | €48,809 | €30,436 | €20,290 | ▼ 33.3% |
| Other amounts receivable41 | - | - | - | €13,580 | €14,863 | €18,682 | €12,254 | €10,291 | ▼ 16.0% |
| Cash at bank and in hand54/58 | €18,629 | €57,384 | €37,678 | €38,042 | €80,612 | €11,715 | €13,652 | €8,783 | ▼ 35.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3,900 | €3,952 | €3,645 | €3,323 | €3,504 | ▲ 5.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €172,950 | €214,334 | €234,298 | €279,810 | €203,322 | €142,035 | €89,980 | €75,971 | ▼ 15.6% |
| Equity10/15 | -€2,031 | €53,939 | €83,677 | €71,716 | €103,955 | €62,974 | €64,241 | €28,367 | ▼ 55.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €10,584 | €10,584 | €40,321 | €37,001 | €69,239 | €69,239 | €69,239 | €69,239 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | €35,142 | €67,380 | €67,380 | €69,239 | €69,239 | = |
| Profit (loss) carried forward14 | -€31,215 | €24,756 | €24,756 | €16,115 | €16,115 | -€24,865 | -€23,599 | -€59,473 | ▼ 152% |
| Amounts payable17/49 | €174,982 | €160,395 | €150,620 | €208,094 | €99,367 | €79,061 | €25,739 | €47,605 | ▲ 84.9% |
| Amounts payable after more than one year17 | €66,964 | €57,736 | €68,199 | €82,917 | €23,649 | €14,888 | - | - | - |
| Financial debts170/4 | - | - | - | €82,917 | €23,649 | €14,888 | - | - | - |
| Amounts payable within one year42/48 | €108,018 | €102,659 | €82,421 | €125,177 | €75,719 | €64,172 | €25,739 | €47,605 | ▲ 84.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €26,074 | €8,634 | €8,761 | - | - | - |
| Trade debts44 | €77,797 | €66,685 | €46,784 | €92,587 | €57,090 | €42,904 | €15,821 | €38,402 | ▲ 143% |
| Suppliers440/4 | - | - | - | €92,587 | €57,090 | €42,904 | €15,821 | €38,402 | ▲ 143% |
| Taxes, remuneration and social security45 | - | - | - | €3,802 | €6,284 | €8,208 | €9,719 | €329 | ▼ 96.6% |
| Taxes450/3 | - | - | - | €3,502 | €3,734 | €1,658 | €969 | €329 | ▼ 66.1% |
| Remuneration and social security454/9 | - | - | - | €300 | €2,550 | €6,550 | €8,750 | - | - |
| Other amounts payable47/48 | - | - | - | €2,714 | €3,711 | €4,300 | €200 | €8,874 | ▲ 44× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,288 | €55,971 | €29,738 | -€11,961 | €32,238 | -€40,980 | €1,267 | -€35,874 | - |
| + Depreciation and write-downs630 | €7,250 | €7,406 | €9,245 | €13,323 | €15,816 | €16,115 | €2,681 | €3,093 | ▲ 15.4% |
| Operating cash flow (approximation) | €28,537 | €63,377 | €38,983 | €1,362 | €48,054 | -€24,866 | €3,947 | -€32,781 | - |
| Investment in fixed assets (approximation) | - | -€3,443 | -€32,175 | -€36,262 | €88,838 | -€6,592 | €26,188 | -€5,882 | - |
| Change in cash | - | €38,755 | -€19,706 | €363 | €42,570 | -€68,897 | €1,937 | -€4,869 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00442852 |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00525528 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00371841 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00288487 |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20163921 |
| 31-12-2020 | micro format | 09-08-2021 | 2021-48500037 |
| 31-12-2019 | micro format | 20-10-2020 | 2020-62400486 |
| 31-12-2018 | micro format | 21-08-2019 | 2019-50400300 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-54300051 |
| 31-12-2016 | micro format | 23-08-2017 | 2017-47700080 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DERENETTE, Ernest Johan Francies |
|
Owners and capital
Owners
1 ownerOwners 1
- Ernest Derenettenatural personSourceown accounts 2017100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 28-02-2024 Converted to unavailable equity · €20,459.20
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-02
Gazette deed
Resignation: DERENETTE, Ernest Johan Francies (manager)Appointment: DERENETTE, Ernest Johan Francies (director) · Director discharge · Registered-office move11 facts ▸
- Director resignation, DERENETTE, Ernest Johan Francies (manager)
- Director appointment, DERENETTE, Ernest Johan Francies (director (not named in the articles))
- Other provision, “persoonlijk of via tussenpersoon onderneming uitbaten of functie bestuurder,commissaris,zaakvoerder uitoefenen, afwezigheid bestuursverbod” (deed in Dutch)
- Director discharge, DERENETTE, Ernest Johan Francies
- Registered-office move, 3770 Riemst (Herderen), Kerkveld 11
- General meeting, “alle besluiten, eenparigheid van stemmen” (deed in Dutch)
- General meeting, 26-02-2024
- Other provision, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
12-07
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 03-01-2022
- Registered-office move, Stadsbeemd 1205 te 3545 Halen
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0460.905.396
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72345B1337/00V000 | Flanders | 2,330 m² | 1 · 199 m² | 8.1 m · 1 |
| 73027A1127/00E000 | Flanders | 814 m² | 1 · 166 m² | 8.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “In eigen naam of in opdracht van derden aan- en verkopen, zowel in groot als in het klein, de in- en uitvoer, de handel in, de productie en…” (deed in Dutch)
6 activities (deed in Dutch)
- In eigen naam of in opdracht van derden aan- en verkopen, zowel in groot als in het klein, de in- en uitvoer, de handel in, de productie en de plaatsing van PVC-ramen en PVC-deuren en alle nevenproducten, de fabricatie van grondstoffen, halffabricaten en afgewerkte producten voor de binnen- & buiten schrijnwerkerij en alle materialen, grondstoffen en benodigdheden dienstig voor deze aannemingen.
- Het leveren en plaatsen van glas.
- Groot- en kleinhandel in alle bouwmaterialen.
- Dit alles in de meest uitgebreide betekenis van de termen. Zij mag tevens om het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden.
- De vennootschap mag, rechtstreeks of onrechtstreeks belangen nemen door inbreng, afstand, fusie, inschrijving op of aankoop van effecten, financiële tussenkomst of op welke andere wijze ook, in zaken, ondernemingen, verenigingen of vennootschappen, die een zelfde, gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zouden zijn tot de verwezenlijking van haar voorwerp.
- De vennootschap kan alle roerende en onroerende verrichtingen uitvoeren die nodig of dienstig zijn tot verwezenlijking van haar voorwerp..
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- V & D CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders,natuurlijke personen of rechtspersonen,al dan niet aandeelhouder,benoemd met of zonder beperking van…” (deed in Dutch)“Geboekt op algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, bij splitsing in blote eigendom en vruchtgebruik afzonderlijke inschrijving van vruchtgebruiker en blote eigenaar met vermelding…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)