V.P. Construct
ActiveSummary
V.P. Construct has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,206 and a net result of €12,309. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+26
Solvency98▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 16.33 against 43.56 in 2024; short-term debt: 5.2% and cash: 19% of total assets), and 27.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more 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
72.9%
Return on assets
7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
27 d early
2023
28 d early
2022
35 d early
2021
on the day
2020
17 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€128,206▲ 10.6%
2024 · €115,897
Total assets
€175,832▲ 11.6%
2024 · €157,494
Net result
€12,309▲ 9,004%
2024 · €135
Working capital
€139,512▲ 6.7%
2024 · €130,765
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,498▼ 20.5%€20,170▲ 49.4%€9,683▼ 52.0%€1,568▼ 83.8%€17,486▲ 1,015%
Net result€3,492within the sector's middle half▼ 65.8%€14,112within the sector's middle half▲ 304%€7,229within the sector's middle half▼ 48.8%€135within the sector's middle half▼ 98.1%€12,309within the sector's middle half▲ 9,004%
Equity€94,420within the sector's middle half▲ 3.8%€108,533within the sector's middle half▲ 14.9%€115,761within the sector's middle half▲ 6.7%€115,897within the sector's middle half▲ 0.1%€128,206within the sector's middle half▲ 10.6%
Total assets€134,268within the sector's middle half▼ 27.1%€194,676within the sector's middle half▲ 45.0%€178,617within the sector's middle half▼ 8.2%€157,494within the sector's middle half▼ 11.8%€175,832within the sector's middle half▲ 11.6%
Debt€21,068▼ 71.7%€39,071▲ 85.5%€15,783▼ 59.6%€3,073▼ 80.5%€9,101▲ 196%
Working capital€85,986▲ 1.3%€129,785▲ 50.9%€136,311▲ 5.0%€130,765▼ 4.1%€139,512▲ 6.7%
Solvency70.3%above the sector's middle half▲ 20.9pp55.8%within the sector's middle half▼ 14.6pp64.8%within the sector's middle half▲ 9.1pp73.6%above the sector's middle half▲ 8.8pp72.9%above the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
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 1,015% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175,832
Fixed assets
€27,220 ▲ 15.1%
Current assets
€148,612 ▲ 11.0%
Equity and liabilities €175,832
Equity
€128,206 ▲ 10.6%
Provisions
€38,525 =
Debt
€9,101 ▲ 196%
Debt's share of the balance-sheet total rises from 2.0% to 5.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€21,124▲
2024 · €5,606
Cash flow
€15,947▲
2024 · €4,173
Current ratio
16.33▼
2024 · 43.56
Debt to equity
0.07▲
2024 · 0.03
ROE
9.6%▲
2024 · 0.1%
ROA
7.0%▲
2024 · 0.1%
Interest coverage
65.04▲
2024 · 3.93
Debt ≤ 1 year
€9,101▲
2024 · €3,073
Income taxes
€4,930▲
2024 · €41
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,812 | €3,788 | €4,053 | €4,038 | €3,637 | ▼ 9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4,316 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €28,292 | - | - | - | - |
| Other operating charges640/8 | - | €1,110 | €10,891 | €4,453 | €2,365 | ▼ 46.9% |
| Gross operating margin9900 | €29,683 | €57,676 | €24,627 | €10,059 | €23,489 | ▲ 134% |
| Operating profit (loss)9901 | €13,498 | €20,170 | €9,683 | €1,568 | €17,486 | ▲ 1,015% |
| Financial income75/76B | - | €83 | €150 | €35 | €78 | ▲ 119% |
| Recurring financial income75 | €159 | €83 | €150 | €35 | €78 | ▲ 119% |
| Financial charges65/66B | - | €553 | €474 | €1,427 | €325 | ▼ 77.2% |
| Recurring financial charges65 | €4,687 | €553 | €474 | €1,427 | €325 | ▼ 77.2% |
| Profit (loss) for the period before taxes9903 | €8,969 | €19,701 | €9,359 | €176 | €17,239 | ▲ 9,679% |
| Income taxes67/77 | €5,478 | €5,588 | €2,131 | €41 | €4,930 | ▲ 11,900% |
| Profit (loss) for the period9904 | €3,492 | €14,112 | €7,229 | €135 | €12,309 | ▲ 9,004% |
| Profit (loss) for the period to be appropriated9905 | €13,413 | €14,112 | €7,229 | €135 | €12,309 | ▲ 9,004% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,268 | €194,676 | €178,617 | €157,494 | €175,832 | ▲ 11.6% |
| Fixed assets21/28 | €30,246 | €30,576 | €26,523 | €23,657 | €27,220 | ▲ 15.1% |
| Intangible fixed assets21 | €750 | €250 | - | €938 | €4,283 | ▲ 357% |
| Tangible fixed assets22/27 | €29,496 | €30,326 | €26,523 | €22,719 | €22,936 | ▲ 1.0% |
| Plant, machinery and equipment23 | - | €4,367 | €3,334 | €2,301 | €4,319 | ▲ 87.7% |
| Furniture and vehicles24 | - | €22,341 | €19,571 | €16,801 | €15,000 | ▼ 10.7% |
| Other tangible fixed assets26 | - | €3,617 | €3,617 | €3,617 | €3,617 | = |
| Current assets29/58 | €104,022 | €164,101 | €152,094 | €133,838 | €148,612 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €77,302 | €155,531 | €119,897 | €109,203 | €115,261 | ▲ 5.5% |
| Trade receivables40 | - | €68,094 | €5,957 | - | €7,706 | - |
| Other amounts receivable41 | - | €87,437 | €113,940 | €109,203 | €107,555 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €24,570 | €8,570 | €32,197 | €24,635 | €33,351 | ▲ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,268 | €194,676 | €178,617 | €157,494 | €175,832 | ▲ 11.6% |
| Equity10/15 | €94,420 | €108,533 | €115,761 | €115,897 | €128,206 | ▲ 10.6% |
| Contributions10/11 | - | €10,903 | €10,903 | €10,903 | €10,903 | = |
| Reserves13 | €83,517 | €97,630 | €104,858 | €104,994 | €117,303 | ▲ 11.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €95,770 | €102,998 | €103,134 | €115,443 | ▲ 11.9% |
| Profit (loss) carried forward14 | €58,047 | - | - | - | - | - |
| Provisions and deferred taxes16 | €18,780 | €47,072 | €47,072 | €38,525 | €38,525 | = |
| Provisions for liabilities and charges160/5 | - | €47,072 | €47,072 | €38,525 | €38,525 | = |
| Environmental obligations163 | - | €47,072 | €47,072 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €38,525 | €38,525 | = |
| Amounts payable17/49 | €21,068 | €39,071 | €15,783 | €3,073 | €9,101 | ▲ 196% |
| Amounts payable after more than one year17 | €3,032 | €4,756 | - | - | - | - |
| Financial debts170/4 | - | €4,756 | - | - | - | - |
| Amounts payable within one year42/48 | €18,036 | €34,315 | €15,783 | €3,073 | €9,101 | ▲ 196% |
| Current portion of amounts payable after more than one year42 | - | €8,377 | €4,756 | €445 | - | - |
| Trade debts44 | €3,854 | €20,351 | €4,426 | €2,586 | €2,559 | ▼ 1.1% |
| Suppliers440/4 | - | €20,351 | €4,426 | €2,586 | €2,559 | ▼ 1.1% |
| Taxes, remuneration and social security45 | - | €5,588 | €6,601 | €41 | €6,542 | ▲ 15,825% |
| Taxes450/3 | - | €5,588 | €6,601 | €41 | €6,542 | ▲ 15,825% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,492 | €14,112 | €7,229 | €135 | €12,309 | ▲ 9,004% |
| + Depreciation and write-downs630 | €8,812 | €3,788 | €4,053 | €4,038 | €3,637 | ▼ 9.9% |
| Operating cash flow (approximation) | €12,304 | €17,900 | €11,282 | €4,173 | €15,947 | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€4,118 | €0 | -€1,172 | -€7,200 | ▼ 514% |
| Change in cash | - | -€16,000 | €23,628 | -€7,563 | €8,716 | ▲ 215% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €135 ▼98.1%
Net result drops to €135, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 43.56
Current ratio from 9.64 to 43.56; short-term debt falls from €15,783 to €3,073.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity doublescurrent ratio 9.64
Current ratio from 4.78 to 9.64; short-term debt falls from €34,315 to €15,783.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100,000Eq €108,533 ▲14.9%
4 profitable years in a row build equity to €108,533.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity doublescurrent ratio 5.77
Current ratio from 2.33 to 5.77; short-term debt falls from €63,863 to €18,036.
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
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 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2008
Ground area
597 m²
Building footprint
134 m²
Parcel 44363B0556/00P006, Flanders. Linked by address, not a title deed.
1 establishment unit
V.P. Construct
since 20082.170.939.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44363B0556/00P006 | Flanders | 597 m² | 1 · 134 m² | - |
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 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,293 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 end30-06
Activities, NACEBEL 2025
25530Machining of metals
Contact
Phone
(0474)22 70 35Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897813786
Also
9925:BE0897813786
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.