V & O CONSTRUCT
ActiveSummary
V & O CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138k and a net result of €631. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 63% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+10
Solvency72▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.47 in 2024; short-term debt: 20.3% and cash: 4.1% of total assets), and 52.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.4%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
3 d early
2023
19 d late
2022
7 d early
2021
2 d late
2020
18 d early
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▲ 0.5%
2024 · €138k
2018: €94klowest in 8 years
2019: €99k▲ +5.1% vs 2018
2020: €96k▼ -2.8% vs 2019
2021: €97k▲ +1.0% vs 2020
2022: €110k▲ +13.2% vs 2021
2023: €143k▲ +29.8% vs 2022highest in 8 years
2024: €138k▼ -3.5% vs 2023
2025: €138k▲ +0.5% vs 2024
2018 → 2025
Total assets
€292k▼ 8.5%
2024 · €319k
2018: €348k
2019: €336k▼ -3.5% vs 2018
2020: €390k▲ +16.2% vs 2019highest in 8 years
2021: €362k▼ -7.1% vs 2020
2022: €344k▼ -4.9% vs 2021
2023: €355k▲ +3.1% vs 2022
2024: €319k▼ -10.1% vs 2023
2025: €292k▼ -8.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€631
2024 · €-5k
2018: €2k
2019: €5k▲ +110% vs 2018
2020: €-3k▼ -158% vs 2019
2021: €1k▲ +136% vs 2020
2022: €13k▲ +1175% vs 2021
2023: €33k▲ +155% vs 2022highest in 8 years
2024: €-5k▼ -115% vs 2023lowest in 8 years
2025: €631▲ +112% vs 2024
2018 → 2025
Working capital
€-47k▼ 68.2%
2024 · €-28k
2018: €-7k
2019: €-4k▲ +45.2% vs 2018highest in 8 years
2020: €-41k▼ -1042% vs 2019
2021: €-44k▼ -7.3% vs 2020
2022: €-41k▲ +7.1% vs 2021
2023: €-13k▲ +68.8% vs 2022
2024: €-28k▼ -119% vs 2023
2025: €-47k▼ -68.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€110k▲ 13.2%€143k▲ 29.8%€138k▼ 3.5%€138k▲ 0.5%
2021: €97klowest in 5 years
2022: €110k▲ +13.2% vs 2021
2023: €143k▲ +29.8% vs 2022highest in 5 years
2024: €138k▼ -3.5% vs 2023
2025: €138k▲ +0.5% vs 2024
Operating result€13k-€24k▲ 89.1%€55k▲ 131%€3k▼ 94.7%€10k▲ 250%
2021: €13k
2022: €24k▲ +89.1% vs 2021
2023: €55k▲ +131% vs 2022highest in 5 years
2024: €3k▼ -94.7% vs 2023lowest in 5 years
2025: €10k▲ +250% vs 2024
Net result€1k-€13k▲ 1,175%€33k▲ 155%€-5k€631
2021: €1k
2022: €13k▲ +1175% vs 2021
2023: €33k▲ +155% vs 2022highest in 5 years
2024: €-5k▼ -115% vs 2023lowest in 5 years
2025: €631▲ +112% vs 2024
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 2025; 2025 is 250% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€280k ▼ 4.8%
Current assets
€12k ▼ 52.0%
Equity and liabilities €292k
Equity
€138k ▲ 0.5%
Provisions
€10k ▼ 3.2%
Debt
€143k ▼ 16.0%
Debt's share of the balance-sheet total falls from 53.5% to 49.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €31k
Cash flow
€29k▲
2024 · €23k
Current ratio
0.20▼
2024 · 0.47
Debt to equity
1.04▼
2024 · 1.24
ROE
0.5%▲
2024 · -3.7%
ROA
0.2%▲
2024 · -1.6%
Interest coverage
4.84▲
2024 · 3.83
Debt ≤ 1 year
€59k▲
2024 · €53k
Debt > 1 year
€84k▼
2024 · €117k
Income taxes
€2k▲
2024 · €250
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 · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€292k▼
Fixed assets21/28€294k€280k▼
Tangible fixed assets22/27€294k€280k▼
Land and buildings22€228k€214k▼
Plant, machinery and equipment23€66k€67k▲
Current assets29/58€25k€12k▼
Amounts receivable within one year40/41€54€73▲
Other amounts receivable41€54€73▲
Cash at bank and in hand54/58€25k€12k▼
Equity and liabilities
Total equity and liabilities10/49€319k€292k▼
Equity10/15€138k€138k▲
Contributions10/11€6k€6k=
Revaluation surpluses12€35k€30k▼
Reserves13€99k€103k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€32k€31k▼
Distributable reserves133€65k€70k▲
Profit (loss) carried forward14€-3k€-958▲
Provisions and deferred taxes16€11k€10k▼
Deferred taxes168€11k€10k▼
Amounts payable17/49€171k€143k▼
Amounts payable after more than one year17€117k€84k▼
Financial debts170/4€117k€84k▼
Amounts payable within one year42/48€53k€59k▲
Current portion of amounts payable after more than one year42€32k€33k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€13k€14k▲
Accrued charges and deferred income492/3€600€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€214€661▲
Non-recurring operating charges66A€420€199▼
Gross operating margin9900€32k€40k▲
Operating profit (loss)9901€3k€10k▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€-5k€2k▲
Transfer from deferred taxes780€338€338=
Transfer to deferred taxes680€0-
Income taxes67/77€250€2k▲
Profit (loss) for the period9904€-5k€631▲
Transfer from tax-exempt reserves789€1k€1k=
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€-4k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-958▲
Profit (loss) brought forward from the previous period14P€1k€-3k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3k | €45k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €26k | €28k | €28k | ▲ 1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-7k | €0 | - | - |
| Other operating charges640/8 | €536 | €564 | €587 | €214 | €661 | ▲ 209% |
| Non-recurring operating charges66A | €480 | €1k | €9k | €420 | €199 | ▼ 52.6% |
| Gross operating margin9900 | €38k | €50k | €84k | €32k | €40k | ▲ 25.7% |
| Operating profit (loss)9901 | €13k | €24k | €55k | €3k | €10k | ▲ 250% |
| Financial income75/76B | - | €209 | €0 | - | - | - |
| Recurring financial income75 | - | €209 | €0 | - | - | - |
| Financial charges65/66B | €12k | €11k | €10k | €8k | €8k | ▼ 0.7% |
| Recurring financial charges65 | €12k | €11k | €10k | €8k | €8k | ▼ 0.7% |
| Profit (loss) for the period before taxes9903 | €1k | €13k | €46k | €-5k | €2k | ▲ 144% |
| Transfer from deferred taxes780 | - | - | €197 | €338 | €338 | = |
| Transfer to deferred taxes680 | - | - | €11k | €0 | - | - |
| Income taxes67/77 | - | €578 | €2k | €250 | €2k | ▲ 689% |
| Profit (loss) for the period9904 | €1k | €13k | €33k | €-5k | €631 | ▲ 112% |
| Transfer from tax-exempt reserves789 | - | - | €592 | €1k | €1k | = |
| Transfer to tax-exempt reserves689 | - | - | €34k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1k | €13k | €-403 | €-4k | €2k | ▲ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362k | €344k | €355k | €319k | €292k | ▼ 8.5% |
| Fixed assets21/28 | €350k | €331k | €316k | €294k | €280k | ▼ 4.8% |
| Tangible fixed assets22/27 | €350k | €331k | €316k | €294k | €280k | ▼ 4.8% |
| Land and buildings22 | €266k | €258k | €243k | €228k | €214k | ▼ 6.4% |
| Plant, machinery and equipment23 | €84k | €74k | €73k | €66k | €67k | ▲ 0.7% |
| Current assets29/58 | €12k | €13k | €39k | €25k | €12k | ▼ 52.0% |
| Amounts receivable within one year40/41 | €8k | €8k | €36 | €54 | €73 | ▲ 34.9% |
| Trade receivables40 | €8k | €8k | €0 | - | - | - |
| Other amounts receivable41 | €36 | €20 | €36 | €54 | €73 | ▲ 34.9% |
| Cash at bank and in hand54/58 | €4k | €5k | €39k | €25k | €12k | ▼ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362k | €344k | €355k | €319k | €292k | ▼ 8.5% |
| Equity10/15 | €97k | €110k | €143k | €138k | €138k | ▲ 0.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Revaluation surpluses12 | €50k | €45k | €40k | €35k | €30k | ▼ 14.3% |
| Reserves13 | €52k | €57k | €95k | €99k | €103k | ▲ 4.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | €33k | €32k | €31k | ▼ 3.2% |
| Distributable reserves133 | €50k | €55k | €60k | €65k | €70k | ▲ 7.7% |
| Profit (loss) carried forward14 | €-11k | €2k | €1k | €-3k | €-958 | ▲ 63.2% |
| Provisions and deferred taxes16 | - | - | €11k | €11k | €10k | ▼ 3.2% |
| Deferred taxes168 | - | - | €11k | €11k | €10k | ▼ 3.2% |
| Amounts payable17/49 | €265k | €234k | €201k | €171k | €143k | ▼ 16.0% |
| Amounts payable after more than one year17 | €208k | €179k | €149k | €117k | €84k | ▼ 28.2% |
| Financial debts170/4 | €208k | €179k | €149k | €117k | €84k | ▼ 28.2% |
| Amounts payable within one year42/48 | €56k | €54k | €52k | €53k | €59k | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | €28k | €29k | €30k | €32k | €33k | ▲ 4.3% |
| Trade debts44 | €4k | €1k | €3k | €4k | €6k | ▲ 51.1% |
| Suppliers440/4 | €4k | €1k | €3k | €4k | €6k | ▲ 51.1% |
| Taxes, remuneration and social security45 | €5k | €3k | €4k | €4k | €7k | ▲ 52.8% |
| Taxes450/3 | €5k | €3k | €4k | €4k | €7k | ▲ 52.8% |
| Other amounts payable47/48 | €19k | €21k | €14k | €13k | €14k | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | €600 | €600 | €600 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €13k | €33k | €-5k | €631 | ▲ 112% |
| + Depreciation and write-downs630 | €25k | €25k | €26k | €28k | €28k | ▲ 1.9% |
| Operating cash flow (approximation) | €26k | €38k | €59k | €23k | €29k | ▲ 27.1% |
| Investment in fixed assets (approximation) | - | €-6k | €-11k | €-6k | €-14k | ▼ 132% |
| Change in cash | - | €1k | €34k | €-14k | €-13k | ▲ 6.8% |
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €631
Net result €631 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €33k ▲155%
Operating result €55k, net result €33k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €110k ▲13.2%
2 profitable years in a row build equity to €110k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Show earlier events
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beernem · 1 establishment unit since 2008
Ground area
1,503 m²
Building footprint
121 m²
Volume, LiDAR
614 m³
Parcel 31021E1058/00W000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V&O Construct
since 20082.172.358.055
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021E1058/00W000 | Flanders | 1,502 m² | 1 · 121 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,356 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)
Founded08-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.