Debts
€53,077 79% of the balance sheet
Financial debts 52%Suppliers 1%Taxes and wages 35%Other 12%
Of this, €25,590 falls due within a year.
V&L Concepts
Lifetime
1 annual account with figurespeak €247,890 (2025)
€247,890
peak €13,266 (2025)
€13,266
peak €14,266 (2025)
€14,266
€53,077
Board1 name since 2024
1 directorIATENIUC Vasile
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€1,000 100 shares
Position in the sector
€14,266
Less equity than 80% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
52
Fair
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 1.9%
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%▲ +0.4 percentage points vs 04-2025
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.7%▲ +0.3 percentage points vs 06-2025
08-2025: 3.0%▲ +0.3 percentage points vs 07-2025
09-2025: 3.0%● unchanged vs 08-2025highest value
10-2025: 2.9%▼ -0.1 percentage points vs 09-2025
11-2025: 3.0%▲ +0.1 percentage points vs 10-2025
12-2025: 1.2%▼ -1.8 percentage points vs 11-2025lowest value
01-2026: 1.3%▲ +0.1 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.2 percentage points vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%● unchanged vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 2.0%▲ +0.3 percentage points vs 09-2026
11-2026: 2.4%▲ +0.4 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: turnover €247,890, total assets €67,343
Figures for financial year 2025 (filed on 04-11-2025)
lowers risk
Liquidity: current ratio 1.37, cash €29,076
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 43, micro). It does better than 23% of them on solvency, 80% on liquidity and 33% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as V&L Concepts has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of V&L Concepts itself: 2.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,976 companies, not a prediction for V&L Concepts. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37, below the usual 1.5. Short-term debt is 38% and cash 43.2% of total assets. 78.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
on the day
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
New establishment in Lede
Next Clean Services, Stokstraat 34
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1004450836
Incorporation
Founding capital of €1,000, 100 shares · Founder: IATENIUC Vasile · Appointment: IATENIUC Vasile (director) · published on 11-01-2024 · Gazette deed
First establishment
Poortendriesstraat 16/11, Lede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| V&L Concepts Lede | €67,343 | €17,135 | 21.2% | - |
| KVO Projects Maarkedal | €64,187 | €21,342 | 32.6% | - |
| B.A.B PROJECT Sint-Pieters-Leeuw | €73,863 | €18,536 | 47.2% | - |
| RELIVE Antwerp | €68,868 | €19,503 | 23.1% | - |
| ATRA CONSTRUCTION Molenbeek-Saint-Jean | €66,043 | €18,473 | 53.8% | - |
| ETS DECOT Sint-Genesius-Rode | €61,216 | €15,527 | 36.7% | - |
| POOL SERENITY Linkebeek | €65,415 | €18,878 | -7.4% | - |
These companies have the same main activity as V&L Concepts: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €61,200 and €73,900, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 09-01-2024Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 5 others
- Establishment units
- 2.355.404.8749340 Lede, since 09-01-2024
- 2.390.574.4039340 Lede, since 01-04-2026
- Financial year end
- 31 March
- Peppol
- Reachable since 26-11-2025
Annual accounts to 31-03-2025
- €67,343
- Filing
- Filed on 31-10-2025, on the last day of the filing period
Insights on V&L Concepts
The computed 12-month bankruptcy probability of V&L Concepts is 2.4% (moderate). The 2025 annual accounts show equity of €14,266 and a net result of €13,266.
Its solvency ranks better than 23% of 35,125 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about V&L Concepts
- What is the company number of V&L Concepts?
- The company number of V&L Concepts is 1004.450.836. The VAT number is the same number with BE in front: BE 1004.450.836.
- Where is V&L Concepts based?
- The registered office is at Poortendriesstraat 16/11, 9340 Lede.Company details
- What does V&L Concepts do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of V&L Concepts?
- V&L Concepts is a private limited company (BV).
- When was V&L Concepts founded?
- V&L Concepts was founded on 09-01-2024.
- Is V&L Concepts still active?
- Yes, V&L Concepts is an active enterprise in the KBO register.
- What is the turnover of V&L Concepts?
- The turnover of V&L Concepts was €247,890 in financial year 2025, according to the filed annual accounts.Financials
- Is V&L Concepts profitable?
- In financial year 2025, V&L Concepts made a profit of €13,266.
- Where can I find the annual accounts of V&L Concepts?
- V&L Concepts filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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