V.D.P. CONSTRUCT
ActiveSummary
V.D.P. CONSTRUCT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-44k) and a net result of €-59k. Equity is shrinking by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-20
Solvency17▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.01 in 2023; short-term debt: 107.5% and cash: 0.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-7.5%
Return on assets
-10.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-44k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
30 d early
2022
31 d early
2021
31 d early
2020
46 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-44k
2023 · €15k
2018: €25khighest in 7 years
2019: €18k▼ -28.1% vs 2018
2020: €11k▼ -40.7% vs 2019
2021: €14k▲ +31.0% vs 2020
2022: €13k▼ -8.5% vs 2021
2023: €15k▲ +18.6% vs 2022
2024: €-44k▼ -387% vs 2023lowest in 7 years
2018 → 2024
Total assets
€583k▼ 35.1%
2023 · €898k
2018: €167k
2019: €117k▼ -29.9% vs 2018lowest in 7 years
2020: €197k▲ +68.2% vs 2019
2021: €407k▲ +106% vs 2020
2022: €332k▼ -18.4% vs 2021
2023: €898k▲ +171% vs 2022highest in 7 years
2024: €583k▼ -35.1% vs 2023
2018 → 2024
Net result
€-59k
2023 · €2k
2018: €-2k
2019: €-7k▼ -219% vs 2018
2020: €-7k▼ -4.0% vs 2019
2021: €3k▲ +145% vs 2020highest in 7 years
2022: €-1k▼ -136% vs 2021
2023: €2k▲ +299% vs 2022
2024: €-59k▼ -2569% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-46k
2023 · €13k
2018: €22k
2019: €10k▼ -55.8% vs 2018
2020: €10k▼ -2.7% vs 2019
2021: €69k▲ +618% vs 2020highest in 7 years
2022: €10k▼ -85.6% vs 2021
2023: €13k▲ +31.1% vs 2022
2024: €-46k▼ -454% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€14k▲ 31.0%€13k▼ 8.5%€15k▲ 18.6%€-44k
2020: €11k
2021: €14k▲ +31.0% vs 2020
2022: €13k▼ -8.5% vs 2021
2023: €15k▲ +18.6% vs 2022highest in 5 years
2024: €-44k▼ -387% vs 2023lowest in 5 years
Operating result€-11k-€5k€-4k€10k€-53k
2020: €-11k
2021: €5k▲ +146% vs 2020
2022: €-4k▼ -170% vs 2021
2023: €10k▲ +386% vs 2022highest in 5 years
2024: €-53k▼ -608% vs 2023lowest in 5 years
Net result€-7k-€3k€-1k€2k€-59k
2020: €-7k
2021: €3k▲ +145% vs 2020highest in 5 years
2022: €-1k▼ -136% vs 2021
2023: €2k▲ +299% vs 2022
2024: €-59k▼ -2569% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €53k after €10k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €583k
Fixed assets
€2k ▼ 17.3%
Current assets
€581k ▼ 35.1%
Key figures and ratios
EBITDA
€-53k▼
2023 · €13k
Cash flow
€-59k▼
2023 · €4k
Solvency
-7.5%▼
2023 · 1.7%
Current ratio
0.93▼
2023 · 1.01
Quick ratio
0.01▲
2023 · 0.01
Debt to equity
-14.25▼
2023 · 57.64
ROA
-10.2%▼
2023 · 0.3%
Interest coverage
-7.54▼
2023 · 0.86
Debt
€627k▼
2023 · €883k
Debt ≤ 1 year
€627k▼
2023 · €883k
Income taxes
€87▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€898k€583k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€0-
Financial fixed assets28€401€401=
Current assets29/58€896k€581k▼
Stocks and contracts in progress3€887k€574k▼
Contracts in progress37€887k€574k▼
Amounts receivable within one year40/41€7k€5k▼
Trade receivables40€0€344▲
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€898k€583k▼
Equity10/15€15k€-44k▼
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Non-distributable reserves130/1€637€0▼
Reserves not available under the articles1311€637€0▼
Distributable reserves133€2k€3k▲
Profit (loss) carried forward14€-12k€-72k▼
Amounts payable17/49€883k€627k▼
Amounts payable within one year42/48€883k€627k▼
Financial debts43€253k€0▼
Credit institutions430/8€250€0▼
Other loans439€253k€0▼
Trade debts44€100k€5k▼
Suppliers440/4€100k€5k▼
Advances received on contracts in progress46-€250k
Taxes, remuneration and social security45€3k€28k▲
Taxes450/3€3k€28k▲
Other amounts payable47/48€527k€345k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€405▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€15k€-49k▼
Operating profit (loss)9901€10k€-53k▼
Financial income75/76B€10k€1k▼
Recurring financial income75€10k€1k▼
Financial charges65/66B€15k€7k▼
Recurring financial charges65€15k€7k▼
Profit (loss) for the period before taxes9903€6k€-59k▼
Income taxes67/77€3k€87▼
Profit (loss) for the period9904€2k€-59k▼
Profit (loss) for the period to be appropriated9905€2k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-72k▼
Profit (loss) brought forward from the previous period14P€-15k€-12k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €2k | €405 | ▼ 80.7% |
| Other operating charges640/8 | - | €4k | €2k | €3k | €4k | ▲ 65.5% |
| Gross operating margin9900 | €-6k | €12k | €426 | €15k | €-49k | ▼ 423% |
| Operating profit (loss)9901 | €-11k | €5k | €-4k | €10k | €-53k | ▼ 608% |
| Financial income75/76B | - | €4k | €7k | €10k | €1k | ▼ 88.7% |
| Recurring financial income75 | €5k | €4k | €7k | €10k | €1k | ▼ 88.7% |
| Financial charges65/66B | - | €3k | €2k | €15k | €7k | ▼ 52.2% |
| Recurring financial charges65 | €464 | €3k | €2k | €15k | €7k | ▼ 52.2% |
| Profit (loss) for the period before taxes9903 | €-7k | €7k | €1k | €6k | €-59k | ▼ 1,144% |
| Income taxes67/77 | €116 | €3k | €2k | €3k | €87 | ▼ 97.3% |
| Profit (loss) for the period9904 | €-7k | €3k | €-1k | €2k | €-59k | ▼ 2,569% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €3k | €-1k | €2k | €-59k | ▼ 2,569% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €197k | €407k | €332k | €898k | €583k | ▼ 35.1% |
| Fixed assets21/28 | €6k | €5k | €3k | €2k | €2k | ▼ 17.3% |
| Tangible fixed assets22/27 | €6k | €4k | €2k | €2k | €2k | ▼ 20.8% |
| Plant, machinery and equipment23 | - | - | - | €2k | €2k | ▼ 20.8% |
| Furniture and vehicles24 | - | €4k | €2k | €0 | - | - |
| Financial fixed assets28 | €487 | €1k | €1k | €401 | €401 | = |
| Current assets29/58 | €191k | €402k | €329k | €896k | €581k | ▼ 35.1% |
| Stocks and contracts in progress3 | €186k | €395k | €315k | €887k | €574k | ▼ 35.4% |
| Contracts in progress37 | - | €395k | €315k | €887k | €574k | ▼ 35.4% |
| Amounts receivable within one year40/41 | €3k | €4k | €11k | €7k | €5k | ▼ 37.6% |
| Trade receivables40 | - | - | €713 | €0 | €344 | - |
| Other amounts receivable41 | - | €4k | €11k | €7k | €4k | ▼ 42.3% |
| Cash at bank and in hand54/58 | €2k | €4k | €3k | €1k | €3k | ▲ 173% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €197k | €407k | €332k | €898k | €583k | ▼ 35.1% |
| Equity10/15 | €11k | €14k | €13k | €15k | €-44k | ▼ 387% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €637 | €637 | €637 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €637 | €637 | €637 | €0 | ▼ 100% |
| Distributable reserves133 | - | €2k | €2k | €2k | €3k | ▲ 30.8% |
| Profit (loss) carried forward14 | €-17k | €-13k | €-15k | €-12k | €-72k | ▼ 487% |
| Amounts payable17/49 | €187k | €392k | €319k | €883k | €627k | ▼ 29.0% |
| Amounts payable within one year42/48 | €181k | €333k | €319k | €883k | €627k | ▼ 29.0% |
| Financial debts43 | - | - | - | €253k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €250 | €0 | ▼ 100% |
| Other loans439 | - | - | - | €253k | €0 | ▼ 100% |
| Trade debts44 | €5k | €71k | €17k | €100k | €5k | ▼ 95.4% |
| Suppliers440/4 | - | €71k | €17k | €100k | €5k | ▼ 95.4% |
| Advances received on contracts in progress46 | - | - | - | - | €250k | - |
| Taxes, remuneration and social security45 | - | €3k | €6k | €3k | €28k | ▲ 745% |
| Taxes450/3 | - | €3k | €6k | €3k | €28k | ▲ 745% |
| Other amounts payable47/48 | - | €259k | €296k | €527k | €345k | ▼ 34.6% |
| Accrued charges and deferred income492/3 | - | €59k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €3k | €-1k | €2k | €-59k | ▼ 2,569% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €2k | €405 | ▼ 80.7% |
| Operating cash flow (approximation) | €-5k | €5k | €657 | €4k | €-59k | ▼ 1,411% |
| Investment in fixed assets (approximation) | - | €-522 | €-150 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €1k | €-1k | €-1k | €2k | ▲ 255% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-08
State Gazette act
Capital & shares · Resignations & appointments · RestructuringMerger · Dissolution · Power of attorney5 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring
Merger · Dissolution · Power of attorney5 facts ▸
- General meeting, 31/07/2026
- General meeting, 31/07/2026
- Merger, verrichting gelijkgesteld met fusie door overneming, 01/01/2026
- Dissolution, 01-01-2026
- Power of attorney, V.D.P. CONSTRUCT
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zottegem · 1 establishment unit since 1987
Ground area
1,955 m²
Building footprint
547 m²
Volume, LiDAR
936 m³
2 parcels, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sint-Annastraat 23, 9620 Zottegem
since 19872.033.814.539
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41017A0721/00E000 | Flanders | 1,651 m² | 1 · 218 m² | 7.6 m · 1 fl. |
| 41081A0760/00B002 | Flanders | 304 m² | 1 · 329 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Acquisitions and mergers
1 transactionTook over:VS INVEST PLUS
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 10,764 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-01-1987
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.