V.D.L³ CONSTRUCT
Annual accounts 2025
micro format, filed on 27-04-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €110,000 and €190,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €259,857 on 30-09-2025in euro
in euro
Position in the sector
75.8%
Higher than 72% of 39,360 companies in 2025.
6.53
Higher than 84% of 38,044 companies in 2025.
15.6%
Higher than 52% of 38,516 companies in 2025.
Net result: middle half · Equity: middle half · 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 | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
259,857 | 349,474 | 325,582 | 372,539 | 414,412 | 387,167 | 553,731 | 456,436 | 459,865 | 427,285 | 419,777 | 388,070 | 399,427 | 437,773 | |
21/28 |
76,366 | 40,860 | 48,048 | 63,165 | 54,947 | 22,668 | 19,683 | 369,881 | 370,474 | - | 371,141 | 373,570 | 376,153 | 377,502 | |
22/27 |
76,366 | 40,860 | 48,048 | 63,165 | 54,947 | 22,668 | 19,683 | 6,221 | 6,814 | 6,840 | 7,482 | 9,910 | 12,493 | 13,842 | |
22 |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | |
23 |
909 | 1,430 | 1,950 | 2,471 | - | 18 | 88 | 159 | 230 | 374 | 555 | 839 | 1,124 | 1,038 | |
24 |
4,119 | 7,765 | 16,734 | 26,860 | 16,644 | 12,506 | 6,806 | 3,136 | 2,358 | 939 | 100 | 943 | 1,942 | 2,077 | |
25 |
44,888 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
26,450 | 31,665 | 29,363 | 33,833 | 38,303 | 10,145 | 12,789 | 2,926 | 4,226 | 5,527 | 6,827 | 8,127 | 9,428 | 10,728 | |
28 |
- | - | - | - | - | - | 0 | 363,660 | 363,660 | 363,660 | 363,660 | 363,660 | 363,660 | 363,660 | |
29/58 |
183,491 | 308,614 | 277,534 | 309,374 | 359,465 | 364,499 | 534,048 | 86,555 | 89,392 | 56,785 | 48,635 | 14,500 | 23,274 | 60,271 | |
29 |
0 | 107,449 | 107,449 | 107,449 | 121,000 | 0 | 47,000 | 47,000 | 47,000 | - | - | - | - | - | |
291 |
0 | 107,449 | 107,449 | 107,449 | 121,000 | 0 | 47,000 | 47,000 | 47,000 | - | - | - | - | - | |
40/41 |
103,709 | 81,646 | 52,027 | 36,346 | 16,488 | 69,359 | 326,217 | 34,521 | 29,738 | 50,009 | 48,442 | 14,408 | 13,431 | 13,431 | |
40 |
15,652 | 13,845 | 13,529 | 35,546 | 12,609 | 23,931 | 18,180 | 17,846 | 29,705 | 15,125 | 15,638 | 14,225 | 13,431 | 13,431 | |
41 |
88,057 | 67,801 | 38,498 | 799 | 3,878 | 45,428 | 308,037 | 16,675 | 33 | 34,884 | 32,804 | 182 | - | - | |
50/53 |
14,683 | 8,683 | 3,300 | 3,300 | 3,300 | 3,300 | 3,300 | - | - | - | - | - | - | - | |
54/58 |
57,680 | 75,858 | 83,287 | 149,989 | 205,305 | 278,639 | 151,540 | 40 | 15 | 4,477 | 194 | 92 | 9,843 | 46,840 | |
490/1 |
7,419 | 34,978 | 31,471 | 12,291 | 13,372 | 13,201 | 5,991 | 4,994 | 12,638 | 2,299 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
259,857 | 349,474 | 325,582 | 372,539 | 414,412 | 387,167 | 553,731 | 456,436 | 459,865 | 427,285 | 419,777 | 388,070 | 399,427 | 437,773 | |
10/15 |
197,076 | 328,900 | 312,672 | 344,255 | 400,982 | 372,762 | 484,918 | 312,346 | 287,506 | 231,302 | 195,671 | 190,143 | 147,014 | 127,300 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | - | 18,550 | 18,550 | 18,550 | 18,550 | |
10 |
- | - | - | - | - | - | - | - | - | 18,550 | - | - | - | - | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
13 |
178,526 | 310,350 | 294,122 | 325,705 | 382,432 | 354,212 | 466,368 | 293,796 | 268,956 | 212,752 | 177,121 | 171,593 | 128,464 | 108,750 | |
130/1 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | 1,855 | |
1311 |
- | - | 0 | 1,855 | 1,855 | 1,855 | - | - | - | - | - | - | - | - | |
132 |
263 | 263 | 263 | 263 | 263 | 263 | 171 | 81 | - | - | - | - | - | - | |
133 |
178,263 | 310,087 | 293,859 | 323,587 | 380,314 | 352,094 | 464,341 | 291,861 | 267,101 | 210,897 | 175,266 | 169,738 | 126,609 | 106,895 | |
14 |
0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
62,782 | 20,574 | 12,909 | 28,284 | 13,430 | 14,406 | 68,813 | 144,089 | 172,360 | 195,983 | 224,106 | 197,927 | 252,412 | 310,473 | |
17 |
34,678 | - | - | - | - | - | 0 | 19,453 | 51,744 | 82,746 | 112,510 | 127,245 | 177,019 | 224,966 | |
170/4 |
34,678 | - | - | - | - | - | 0 | 19,453 | 51,744 | 82,746 | 112,510 | 127,245 | 177,019 | 224,966 | |
42/48 |
28,104 | 20,574 | 12,886 | 28,284 | 13,083 | 14,406 | 68,813 | 124,637 | 120,615 | 113,237 | 109,762 | 68,987 | 73,978 | 84,495 | |
42 |
10,287 | - | - | - | - | 0 | 3,333 | 44,802 | 31,002 | 29,764 | 31,686 | 49,774 | 47,946 | 46,192 | |
43 |
5,050 | - | - | - | - | 0 | 740 | 4,001 | 29,503 | 20,000 | 11,265 | 8,480 | - | - | |
430/8 |
5,050 | - | - | - | - | 0 | 740 | 4,001 | 29,503 | 20,000 | 11,265 | 8,480 | - | - | |
44 |
6,632 | 8,770 | 7,629 | 19,563 | 5,193 | 10,134 | 5,422 | 6,061 | 5,680 | 2,697 | 1,508 | 3,439 | 1,863 | 2,573 | |
440/4 |
6,632 | 8,770 | 7,629 | 19,563 | 5,193 | 10,134 | 5,422 | 6,061 | 5,680 | 2,697 | 1,508 | 3,439 | 1,863 | 2,573 | |
46 |
- | - | - | - | - | - | 0 | 4,500 | - | - | - | - | - | - | |
45 |
4,536 | 10,204 | 3,657 | 7,122 | 6,290 | 4,272 | 9,318 | 14,907 | 17,306 | 9,695 | 6,303 | 6,757 | 23,953 | 33,234 | |
450/3 |
4,536 | 10,204 | 3,657 | 7,122 | 4,091 | 2,072 | 9,318 | 14,907 | 17,306 | 7,496 | 4,110 | 4,811 | 21,488 | 31,769 | |
454/9 |
- | - | - | 0 | 2,199 | 2,199 | - | - | - | 2,199 | 2,192 | 1,946 | 2,465 | 1,465 | |
47/48 |
1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 0 | 50,000 | 50,367 | 37,125 | 51,081 | 59,000 | 537 | 215 | 2,496 | |
492/3 |
- | 0 | 24 | 0 | 348 | - | - | - | - | - | 1,835 | 1,695 | 1,415 | 1,012 | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | 133,200 | 275,520 | |
9900 |
74,134 | 69,434 | 55,130 | 62,648 | 41,477 | -107,100 | 80,925 | 89,766 | 72,779 | 57,539 | 51,043 | 6,731 | 37,955 | 88,415 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | 98,292 | 199,603 | |
630 |
17,799 | 14,641 | 19,660 | 15,566 | 9,824 | 5,456 | 5,695 | 3,650 | 3,008 | 2,124 | 8,315 | 2,583 | 3,048 | 4,429 | |
640/8 |
1,100 | 1,235 | 1,519 | 1,823 | 1,567 | 1,065 | 2,500 | 971 | 1,590 | 2,361 | 1,094 | 1,012 | 1,514 | 4,398 | |
66A |
- | - | - | - | 0 | 2,624 | - | - | - | - | - | - | - | - | |
9901 |
55,235 | 53,558 | 33,952 | 45,258 | 30,086 | -116,245 | 72,730 | 85,145 | 68,182 | 53,054 | 41,634 | 3,136 | 33,393 | 79,588 | |
75/76B |
5,396 | 9,054 | 5,221 | 3,734 | 3,709 | 5,624 | 188,160 | 28,765 | 60,755 | - | 30,759 | 50,424 | 37,887 | 95,055 | |
75 |
5,396 | 9,054 | 5,221 | 3,734 | 3,709 | 5,624 | 4,819 | 28,765 | 60,755 | 54,906 | 30,759 | 50,424 | 37,887 | 95,055 | |
76B |
- | - | - | - | - | 0 | 183,340 | - | - | - | - | - | - | - | |
65/66B |
1,795 | 573 | 135 | 330 | 684 | 1,064 | 4,161 | 4,870 | 5,419 | - | 7,779 | 9,265 | 11,176 | 24,542 | |
65 |
1,795 | 573 | 135 | 330 | 684 | 1,064 | 4,161 | 4,870 | 5,419 | 5,701 | 7,779 | 9,265 | 11,176 | 24,542 | |
9903 |
58,835 | 62,039 | 39,038 | 48,663 | 33,111 | -111,684 | 256,729 | 109,040 | 123,518 | 102,259 | 64,614 | 44,296 | 60,104 | 150,102 | |
67/77 |
18,179 | 19,451 | 12,817 | 5,315 | 3,290 | 472 | 33,517 | 34,199 | 31,600 | 30,913 | 15,087 | 1,167 | 10,390 | 24,019 | |
9904 |
40,656 | 42,588 | 26,221 | 43,347 | 29,821 | -112,156 | 223,211 | 74,841 | 91,918 | 71,346 | 49,528 | 43,129 | 49,714 | 126,083 | |
689 |
- | - | - | - | 0 | 91 | 91 | 81 | - | - | - | - | - | - | |
9905 |
40,656 | 42,588 | 26,221 | 43,347 | 29,821 | -112,247 | 223,121 | 74,760 | 91,918 | 71,346 | 49,528 | 43,129 | 49,714 | 126,083 | |
| Appropriation of the result | |||||||||||||||
9906 |
40,656 | 42,588 | 26,221 | 43,347 | 29,821 | -112,247 | 223,121 | 74,760 | 91,918 | 71,346 | 49,528 | 43,129 | 49,714 | 126,083 | |
791/2 |
172,481 | 24,760 | 56,204 | 98,475 | 0 | 112,247 | - | - | - | - | - | - | - | - | |
691/2 |
40,656 | 40,988 | 24,621 | 41,747 | 28,221 | 0 | 172,481 | 24,760 | 56,204 | 35,632 | 5,528 | 43,129 | 19,714 | 108,750 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,855 | |
6921 |
40,656 | 40,988 | 24,621 | 41,747 | 28,221 | 0 | 172,481 | 24,760 | 56,204 | 35,632 | 5,528 | 43,129 | 19,714 | 106,895 | |
694/7 |
172,481 | 26,360 | 57,804 | 100,075 | 1,600 | 0 | 50,640 | 50,000 | 35,714 | - | 44,000 | - | 30,000 | 17,333 | |
694 |
172,481 | 26,360 | 57,804 | 100,075 | 1,600 | 0 | 50,640 | 50,000 | 35,714 | 35,714 | 44,000 | - | 30,000 | 17,333 | |
| Document | |||||||||||||||
The notes to these accounts have 7 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 27-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088838 | |
| 30-09-2024 | micro format | 10-03-2025 | 2025-00045764 | |
| 30-09-2023 | micro format | 25-03-2024 | 2024-00049079 | |
| 30-09-2022 | micro format | 13-03-2023 | 2023-00040590 | |
| 30-09-2021 | micro format | 07-03-2022 | 2022-07400487 | |
| 30-09-2020 | micro format | 11-03-2021 | 2021-07400279 | |
| 30-09-2019 | micro format | 23-03-2020 | 2020-07600345 | |
| 30-09-2018 | micro format | 26-04-2019 | 2019-10900145 | |
| 30-09-2017 | micro format | 07-05-2018 | 2018-12300057 | |
| 30-09-2016 | abbreviated format | 28-04-2017 | 2017-11000574 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08900357 | |
| 30-09-2014 | abbreviated format | 09-03-2015 | 2015-05800583 | |
| 30-09-2013 | abbreviated format | 29-04-2014 | 2014-11300325 | |
| 30-09-2012 | abbreviated format | 02-05-2013 | 2013-11200001 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 73,034 | 68,200 | 53,611 | 60,824 | 39,909 | -110,789 | 78,425 | 88,795 | 71,190 | 55,178 | 49,949 | 5,719 | 36,440 | 84,017 | ||
| 58,455 | 57,229 | 45,881 | 58,913 | 39,644 | -106,700 | 228,907 | 78,491 | 94,926 | 73,470 | 57,843 | 45,712 | 52,762 | 130,512 | ||
| 53,305 | 7,453 | 4,543 | 23,783 | 42,102 | 10,724 | 19,157 | 3,057 | 2,982 | 1,482 | 5,887 | 0 | 1,699 | 381,931 | ||
| -18,178 | -7,429 | -66,702 | -55,316 | -73,334 | 127,099 | 151,500 | 25 | -4,462 | 4,283 | 102 | -9,750 | -36,997 | - | ||
| 155,387 | 288,040 | 264,648 | 281,090 | 346,382 | 350,093 | 465,235 | -38,082 | -31,224 | -56,452 | -61,126 | -54,487 | -50,705 | -24,224 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 25.1% | 28.9% | ||
| 75.8% | 94.1% | 96.0% | 92.4% | 96.8% | 96.3% | 87.6% | 68.4% | 62.5% | 54.1% | 46.6% | 49.0% | 36.8% | 29.1% | ||
| 6.53 | 15.00 | 21.54 | 10.94 | 27.48 | 25.30 | 7.76 | 0.69 | 0.74 | 0.50 | 0.44 | 0.21 | 0.31 | 0.71 | ||
| 0.32 | 0.06 | 0.04 | 0.08 | 0.03 | 0.04 | 0.14 | 0.46 | 0.60 | 0.85 | 1.15 | 1.04 | 1.72 | 2.44 | ||
| 20.6% | 12.9% | 8.4% | 12.6% | 7.4% | -30.1% | 46.0% | 24.0% | 32.0% | 30.8% | 25.3% | 22.7% | 33.8% | 99.0% | ||
| 15.6% | 12.2% | 8.1% | 11.6% | 7.2% | -29.0% | 40.3% | 16.4% | 20.0% | 16.7% | 11.8% | 11.1% | 12.4% | 28.8% | ||
| 40.68 | over 100 | over 100 | over 100 | - | - | - | - | - | 9.68 | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 37 days | 18 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 7 days | 5 days |
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| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €53,305 | €7,453 | €4,543 | €23,783 |
| €17,799 | €14,641 | €19,660 | €15,566 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on V.D.L³ CONSTRUCT
The operating result for 2025 is 3% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 5.9% to 24.2%. Equity is lower and debt is higher.