V&M CONSTRUCT
ActiveThe file of V&M CONSTRUCT contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.3% (low). The 2024 annual accounts show equity of €17k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 36375 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+10
Solvency73▲+25
Growth78▲+46
Track record77
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 1.87 against 1.3 in 2023; short-term debt: 52.1% and cash: 24.4% of total assets), but 52.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
47.9%
Return on assets
34.8%
Age of the figures
21 mo
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 06-06-2025, 55 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
55 d early
2023
8 d late
2022
30 d late
2020
583 d late
2019
948 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 265%
2023 · €5k
Total assets
€36k▲ 76.8%
2023 · €20k
Net result
€13k▲ 260%
2023 · €3k
Working capital
€16k▲ 254%
2023 · €5k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202220232024
Operating result€7k-€-746€28k-€19k▼ 33.8%€25k▲ 35.2%
Net result€5k-€-22k€16k-€3k▼ 78.6%€13k▲ 260%
Equity€11k-€-11k€1k-€5k▲ 278%€17k▲ 265%
Total assets€26k-€12k▼ 51.5%€30k-€20k▼ 32.1%€36k▲ 76.8%
Debt€15k-€24k▲ 59.7%€29k-€16k▼ 45.6%€19k▲ 19.9%
Working capital€8k-€-12k€977-€5k▲ 373%€16k▲ 254%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36k
Fixed assets
€912 ▲ 648%
Current assets
€35k ▲ 73.4%
Equity and liabilities €36k
Equity
€17k ▲ 265%
Debt
€19k ▲ 19.9%
Debt's share of the balance-sheet total falls from 76.7% to 52.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2023 · €19k
Cash flow
€13k▲
2023 · €4k
Current ratio
1.87▲
2023 · 1.30
Debt to equity
1.09▼
2023 · 3.30
ROE
72.6%▼
2023 · 73.5%
ROA
34.8%▲
2023 · 17.1%
Interest coverage
66.39▲
2023 · 10.69
Debt ≤ 1 year
€19k▲
2023 · €16k
Income taxes
€10k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €4k | €155 | €155 | €512 | ▲ 230% |
| Other operating charges640/8 | €278 | €485 | €224 | €1k | €3k | ▲ 149% |
| Gross operating margin9900 | €14k | €4k | €28k | €20k | €29k | ▲ 44.1% |
| Operating profit (loss)9901 | €7k | €-746 | €28k | €19k | €25k | ▲ 35.2% |
| Financial income75/76B | €0 | - | - | €10 | €0 | ▼ 96.0% |
| Recurring financial income75 | €0 | - | - | €10 | €0 | ▼ 96.0% |
| Financial charges65/66B | €502 | €1k | €4k | €7k | €2k | ▼ 65.5% |
| Recurring financial charges65 | €502 | €316 | €241 | €2k | €386 | ▼ 78.0% |
| Non-recurring financial charges66B | - | €882 | €4k | €5k | €2k | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €6k | €-2k | €24k | €12k | €23k | ▲ 90.4% |
| Income taxes67/77 | €1k | €20k | €8k | €9k | €10k | ▲ 21.2% |
| Profit (loss) for the period9904 | €5k | €-22k | €16k | €3k | €13k | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-22k | €16k | €3k | €13k | ▲ 260% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26k | €12k | €30k | €20k | €36k | ▲ 76.8% |
| Fixed assets21/28 | €5k | €712 | €277 | €122 | €912 | ▲ 648% |
| Tangible fixed assets22/27 | €5k | €712 | €277 | €122 | €912 | ▲ 648% |
| Plant, machinery and equipment23 | - | - | - | - | €912 | - |
| Furniture and vehicles24 | €5k | €712 | €277 | €122 | - | - |
| Current assets29/58 | €21k | €12k | €30k | €20k | €35k | ▲ 73.4% |
| Amounts receivable within one year40/41 | €4k | €9k | €20k | €16k | €26k | ▲ 67.9% |
| Trade receivables40 | - | - | €4k | €9k | €15k | ▲ 59.9% |
| Other amounts receivable41 | €4k | €9k | €16k | €7k | €12k | ▲ 78.9% |
| Cash at bank and in hand54/58 | €16k | €3k | €9k | €4k | €9k | ▲ 125% |
| Deferred charges and accrued income490/1 | €700 | €165 | €994 | €679 | €15 | ▼ 97.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26k | €12k | €30k | €20k | €36k | ▲ 76.8% |
| Equity10/15 | €11k | €-11k | €1k | €5k | €17k | ▲ 265% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Profit (loss) carried forward14 | €4k | €-18k | €-5k | €-1k | €11k | ▲ 858% |
| Amounts payable17/49 | €15k | €24k | €29k | €16k | €19k | ▲ 19.9% |
| Amounts payable after more than one year17 | €2k | - | - | - | - | - |
| Financial debts170/4 | €2k | - | - | - | - | - |
| Amounts payable within one year42/48 | €13k | €24k | €29k | €16k | €19k | ▲ 19.9% |
| Current portion of amounts payable after more than one year42 | €4k | €2k | - | - | - | - |
| Trade debts44 | €7k | - | €2k | €125 | €5k | ▲ 3,553% |
| Suppliers440/4 | €7k | - | €2k | €125 | €5k | ▲ 3,553% |
| Taxes, remuneration and social security45 | €1k | €22k | €26k | €9k | €10k | ▲ 20.0% |
| Taxes450/3 | €1k | €22k | €26k | €9k | €10k | ▲ 20.0% |
| Other amounts payable47/48 | - | - | €768 | €7k | €4k | ▼ 44.7% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-22k | €16k | €3k | €13k | ▲ 260% |
| + Depreciation and write-downs630 | €7k | €4k | €155 | €155 | €512 | ▲ 230% |
| Operating cash flow (approximation) | €12k | €-18k | €16k | €4k | €13k | ▲ 258% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €-1k | - |
| Change in cash | - | €-14k | - | €-5k | €5k | ▲ 195% |
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
2025
20-06
KBO administration
Strikeout withdrawn
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
06-06
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise de Liège, division Namur · event 01-06-2023
06-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 583 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 948 days late
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.49 to 1.03.
2020
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2017
Ground area
534 m²
Building footprint
124 m²
Volume, LiDAR
1,447 m³
2 parcels, Wallonia · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
V&M CONSTRUCT
since 20172.262.956.847
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61322A0963/02E000 | Wallonia | 282 m² | 1 · 54 m² | 11.0 m · 3 fl. |
| 92094A0186/00W005 | Wallonia | 251 m² | 1 · 70 m² | 15.5 m · 5 fl. |
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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 4,998 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 (pre-2019)
Founded09-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43230Insulation installation
43240Other construction installation
43350Other building finishing work
43910Bricklaying and masonry work
81220Other building cleaning and industrial cleaning
Contact
E-mail
armend.va@gmail.comHuy
Phone
0485138841Huy
Scores and ratios are computed by Checked and are not a credit decision.