V.H.B. CONSTRUCT
ActiveSummary
V.H.B. CONSTRUCT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,929 and a net result of €3,210. Equity has been growing by about 6.1% per year since 2018. Its solvency ranks better than 95% of 9,396 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-12-2000 Normal situation
- Activity
- General construction of residential buildings NACE 41001
- Establishment unit
- 2.100.103.349 9070 Destelbergen, since 16-02-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €4,384
- Turnover
- ≈ €53,000
- estimated
- Profit
- €3,210
- Equity
- €225,929
- ▲ 1.4%
- Total assets
- €248,617
- ▲ 6.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 3 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 10.96, cash €53,178Founded in 2000Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 41, micro). It does better than 92% of them on solvency, 80% on liquidity, 24% on profitability and 39% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 121 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00503894.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 25 filings
Every figure per financial year
The operating result for 2025 is a profit of €3,298, after a loss of €5,986 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Average over the year, in full-time equivalents | 0.4 | 0 |
| Joined | 0 | - |
| Left | 1 | - |
Source: social balance sheet in the 2021 to 2022 annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,115 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €28,296 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,951 | - | - | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €990 | €800 | €2,617 | €1,078 | €1,086 | ▲ 0.7% |
| Gross operating margin9900 | €71,168 | €69,632 | €67,955 | €88,744 | €12,284 | €11,495 | -€4,908 | €4,384 | - |
| Operating profit (loss)9901 | €14,695 | €16,760 | €18,843 | €59,458 | €11,484 | €8,878 | -€5,986 | €3,298 | - |
| Financial income75/76B | - | - | - | €1 | - | €441 | - | - | - |
| Recurring financial income75 | - | €1 | €80 | €1 | - | €441 | - | - | - |
| Financial charges65/66B | - | - | - | €415 | €462 | €207 | €1,403 | €88 | ▼ 93.7% |
| Recurring financial charges65 | €293 | €926 | €87 | €415 | €462 | €207 | €1,403 | €88 | ▼ 93.7% |
| Profit (loss) for the period before taxes9903 | €14,402 | €15,835 | €18,836 | €59,044 | €11,022 | €9,112 | -€7,389 | €3,210 | - |
| Income taxes67/77 | €5,268 | €1,019 | €5,607 | €13,013 | €2,887 | €2,327 | €255 | - | - |
| Profit (loss) for the period9904 | €9,134 | €14,816 | €13,229 | €46,031 | €8,135 | €6,785 | -€7,644 | €3,210 | - |
| Profit (loss) for the period to be appropriated9905 | €9,134 | €14,816 | €13,229 | €46,031 | €8,135 | €6,785 | -€7,644 | €3,210 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €197,953 | €227,371 | €282,922 | €305,290 | €353,037 | €246,218 | €233,615 | €248,617 | ▲ 6.4% |
| Fixed assets21/28 | €95 | €95 | €95 | €95 | - | - | - | - | - |
| Financial fixed assets28 | €95 | €95 | €95 | €95 | - | - | - | - | - |
| Current assets29/58 | €197,858 | €227,276 | €282,827 | €305,195 | €353,037 | €246,218 | €233,615 | €248,617 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €155,619 | €131,693 | €120,584 | €222,618 | €186,253 | €171,297 | €187,885 | €194,557 | ▲ 3.6% |
| Trade receivables40 | - | - | - | €98,036 | €44,745 | €37,831 | €42,662 | €37,072 | ▼ 13.1% |
| Other amounts receivable41 | - | - | - | €124,582 | €141,508 | €133,466 | €145,223 | €157,485 | ▲ 8.4% |
| Cash at bank and in hand54/58 | €40,834 | €94,229 | €159,813 | €81,540 | €163,567 | €72,904 | €43,440 | €53,178 | ▲ 22.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,037 | €3,217 | €2,017 | €2,290 | €882 | ▼ 61.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €197,953 | €227,371 | €282,922 | €305,290 | €353,037 | €246,218 | €233,615 | €248,617 | ▲ 6.4% |
| Equity10/15 | €140,760 | €155,576 | €168,805 | €215,443 | €223,578 | €230,363 | €222,719 | €225,929 | ▲ 1.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €132,700 | €147,516 | €160,745 | €207,383 | €215,518 | €222,303 | €214,659 | €217,869 | ▲ 1.5% |
| Amounts payable17/49 | €57,193 | €71,795 | €114,117 | €89,847 | €129,459 | €15,855 | €10,896 | €22,688 | ▲ 108% |
| Amounts payable within one year42/48 | €57,193 | €71,795 | €114,117 | €89,847 | €129,459 | €15,855 | €10,896 | €22,688 | ▲ 108% |
| Trade debts44 | €51,143 | €64,888 | €83,646 | €78,688 | €119,200 | €13,302 | €8,087 | €22,520 | ▲ 178% |
| Suppliers440/4 | - | - | - | €78,688 | €119,200 | €13,302 | €8,087 | €22,520 | ▲ 178% |
| Taxes, remuneration and social security45 | - | - | - | €11,159 | €10,259 | €2,553 | €2,809 | €168 | ▼ 94.0% |
| Taxes450/3 | - | - | - | €11,159 | €10,259 | €2,553 | €2,809 | €168 | ▼ 94.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,134 | €14,816 | €13,229 | €46,031 | €8,135 | €6,785 | -€7,644 | €3,210 | - |
| + Depreciation and write-downs630 | €2,951 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €12,085 | €14,816 | €13,229 | €46,031 | €8,135 | €6,785 | -€7,644 | €3,210 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | €53,395 | €65,584 | -€78,273 | €82,027 | -€90,663 | -€29,464 | €9,738 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as V.H.B. CONSTRUCT has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of V.H.B. CONSTRUCT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for V.H.B. 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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00503894 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00457326 | |
| 31-12-2023 | micro format | 31-12-2024 | 2025-00630517 | |
| 31-12-2022 | micro format | 26-05-2024 | 2024-00095994 | |
| 31-12-2021 | micro format | 30-12-2022 | 2023-20553821 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65400083 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77800321 | |
| 31-12-2018 | micro format | 31-12-2019 | 2019-78100073 | |
| 31-12-2017 | micro format | 31-12-2018 | 2018-75900221 | |
| 31-12-2016 | micro format | 31-10-2017 | 2017-69100553 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRACKE Kurt |
|
| VAN HEUVERSWIJN Dirk |
|
Network & group
V.H.B. CONSTRUCT shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of V.H.B. CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
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 0473.549.248
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44028B0443/00W003 | Flanders | 697 m² | 1 · 175 m² | 8.1 m · 2 |
| 44028C0188/00K000 | Flanders | 486 m² | 1 · 116 m² | 8.9 m · 2 |