VAB CONSTRUCT
Annual accounts 2025
micro format, filed on 02-06-2026, 59 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €430,000. Estimated: probably between €300,000 and €660,000.
Balance sheet
balance sheet total €296,407 on 31-12-2025in euro
Position in the sector
26.5%
Higher than 33% of 10,152 companies in 2025.
1.36
Higher than 38% of 9,863 companies in 2025.
23.8%
Higher than 79% of 9,951 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
296,407 | 17,983 | 17,983 | 17,983 | 31,722 | 34,713 | 33,064 | 33,825 | 40,894 | 51,482 | 46,480 | 61,201 | 51,943 | 64,306 | 78,807 | 69,889 | 61,329 | |
21/28 |
100 | 100 | 100 | 100 | 10,626 | 10,626 | 1,208 | 2,315 | 3,657 | 5,633 | 4,188 | 10,837 | 17,648 | 20,587 | 26,297 | 12,292 | 20,160 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 164 | |
22/27 |
- | - | - | - | 10,526 | 10,526 | 1,108 | 2,215 | 3,557 | 5,323 | 3,878 | 10,527 | 17,338 | 20,277 | 25,987 | 11,982 | 19,686 | |
24 |
- | - | - | - | 10,526 | 10,526 | 1,108 | 2,215 | 3,557 | 5,267 | 1,920 | 3,864 | 5,969 | 4,483 | 5,543 | 10,460 | 15,982 | |
26 |
- | - | - | - | - | - | - | - | - | 56 | 289 | 515 | 741 | 687 | 857 | 1,026 | 1,197 | |
28 |
100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | 310 | |
29/58 |
296,307 | 17,883 | 17,883 | 17,883 | 21,096 | 24,087 | 31,856 | 31,510 | 37,237 | 45,849 | 42,292 | 50,364 | 34,295 | 43,719 | 52,510 | 57,597 | 41,169 | |
40/41 |
291,970 | 17,883 | 17,883 | 17,883 | 21,096 | 24,087 | 31,856 | 31,510 | 35,896 | 42,755 | 32,347 | 33,327 | 23,909 | 19,765 | 13,317 | 11,039 | 4,105 | |
40 |
286,583 | 15,658 | 15,658 | 15,658 | 20,919 | 22,833 | 20,775 | 20,626 | 19,620 | 25,406 | 19,948 | 24,291 | 16,736 | 11,838 | 8,880 | 8,686 | 2,410 | |
41 |
5,387 | 2,225 | 2,225 | 2,225 | 177 | 1,254 | 11,081 | 10,884 | 16,276 | 17,349 | 12,399 | 9,036 | 7,173 | 7,927 | 4,437 | 2,353 | 1,695 | |
54/58 |
4,137 | - | - | - | - | - | - | - | 1,341 | 3,094 | 9,318 | 14,255 | 8,945 | 23,763 | 39,100 | 46,524 | 36,946 | |
490/1 |
200 | - | - | - | - | - | - | - | - | - | 627 | 2,782 | 1,441 | 191 | 93 | 34 | 118 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
296,407 | 17,983 | 17,983 | 17,983 | 31,722 | 34,713 | 33,064 | 33,825 | 40,894 | 51,482 | 46,480 | 61,201 | 51,943 | 64,306 | 78,807 | 69,889 | 61,329 | |
10/15 |
78,586 | 7,941 | 7,941 | 7,941 | 24,254 | 23,377 | 26,671 | 28,255 | 36,018 | 44,955 | 45,960 | 53,072 | 44,280 | 52,042 | 62,460 | 62,347 | 47,398 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
14 |
70,526 | -119 | -119 | -119 | 16,194 | 15,317 | 18,611 | 20,195 | 27,958 | 36,895 | 37,900 | 45,012 | 36,220 | 43,982 | 54,400 | 54,287 | 39,338 | |
17/49 |
217,820 | 10,042 | 10,042 | 10,042 | 7,469 | 11,336 | 6,393 | 5,570 | 4,876 | 6,527 | 520 | 8,129 | 7,663 | 12,264 | 16,347 | 7,542 | 13,931 | |
17 |
- | - | - | - | - | - | - | - | - | 425 | 290 | 3,610 | 7,305 | 12,264 | 12,691 | 5,223 | 10,516 | |
170/4 |
- | - | - | - | - | - | - | - | - | 425 | 290 | 3,610 | 7,305 | 12,264 | 12,691 | 5,223 | 10,516 | |
42/48 |
217,820 | 8,542 | 8,542 | 8,542 | 5,969 | 9,836 | 4,393 | 3,770 | 1,876 | 6,102 | 230 | 4,519 | 358 | - | 3,656 | 2,162 | 3,415 | |
42 |
5,762 | - | - | - | - | - | - | - | 425 | 2,510 | - | - | - | 0 | - | - | - | |
43 |
- | 5,762 | 5,762 | 5,762 | 4,192 | 4,794 | 3,349 | 1,643 | - | - | - | 1,929 | - | - | 1,623 | 1,335 | 1,628 | |
430/8 |
- | 5,762 | 5,762 | 5,762 | 4,192 | 4,794 | 3,349 | 1,643 | - | - | - | 1,929 | - | - | 1,623 | 1,335 | 1,628 | |
44 |
64,863 | - | - | - | - | 1,267 | 994 | 2,083 | 870 | 2,649 | 150 | - | 358 | - | 1,599 | 348 | 1,416 | |
440/4 |
64,863 | - | - | - | - | 1,267 | 994 | 2,083 | 870 | 2,649 | 150 | 0 | 358 | - | 1,599 | 348 | 1,416 | |
45 |
60,865 | 1,171 | 1,171 | 1,171 | 158 | 159 | 50 | 44 | 581 | 943 | 80 | 2,590 | - | - | 434 | 479 | 371 | |
450/3 |
20,865 | 1,171 | 1,171 | 1,171 | 158 | 159 | 50 | 44 | 581 | 943 | 80 | 2,590 | - | - | 434 | 479 | 371 | |
454/9 |
40,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
86,331 | 1,609 | 1,609 | 1,609 | 1,618 | 3,616 | - | - | - | - | - | - | - | - | - | - | - | |
492/3 |
- | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | 2,000 | 1,800 | 3,000 | - | - | - | - | - | - | 157 | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | 5,900 | - | - | - | - | - | 5,950 | - | |
9900 |
130,439 | - | 0 | 9,048 | 2,819 | -163 | 1,134 | -4,812 | -5,687 | 678 | 2,829 | 17,445 | 1,386 | -2,046 | 14,049 | 19,635 | -10,331 | |
62 |
41,836 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
- | - | - | 10,526 | - | 1,891 | 1,108 | 1,342 | 1,765 | 4,094 | 6,649 | 6,811 | 7,300 | 6,690 | 10,235 | 8,885 | 8,687 | |
631/4 |
- | - | - | 13,463 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
1,161 | - | - | 671 | 1,107 | 466 | 829 | 884 | 779 | 1,826 | 2,442 | 921 | 788 | 447 | 2,449 | 393 | 610 | |
9901 |
87,442 | - | 0 | -15,612 | 1,712 | -2,520 | -803 | -7,038 | -8,231 | -5,242 | -6,262 | 9,713 | -6,702 | -9,183 | 1,365 | 10,357 | -19,628 | |
75/76B |
- | - | - | - | - | - | - | - | - | 5,900 | 23 | 1 | 44 | 40 | 191 | 123 | 558 | |
75 |
- | - | - | - | - | - | - | - | - | - | 23 | 1 | 44 | 40 | 191 | 123 | 558 | |
76B |
- | - | - | - | - | - | - | - | - | 5,900 | - | - | - | - | - | - | - | |
65/66B |
270 | - | - | 700 | 836 | 665 | 731 | 725 | 651 | 1,565 | 802 | 922 | 1,098 | 1,267 | 1,424 | 1,465 | 1,577 | |
65 |
270 | - | - | 700 | 836 | 665 | 731 | 725 | 651 | 1,565 | 802 | 922 | 1,098 | 1,267 | 1,424 | 1,465 | 1,577 | |
9903 |
87,172 | - | 0 | -16,312 | 876 | -3,185 | -1,534 | -7,763 | -8,882 | -907 | -7,041 | 8,792 | -7,756 | -10,410 | 132 | 14,965 | -20,647 | |
67/77 |
16,527 | - | - | - | - | 109 | 50 | - | 55 | 98 | 71 | - | 6 | 8 | 19 | 16 | 68 | |
9904 |
70,645 | - | 0 | -16,312 | 876 | -3,294 | -1,584 | -7,763 | -8,937 | -1,005 | -7,112 | 8,792 | -7,762 | -10,418 | 113 | 14,949 | -20,715 | |
9905 |
70,645 | - | 0 | -16,312 | 876 | -3,294 | -1,584 | -7,763 | -8,937 | -1,005 | -7,112 | 8,792 | -7,762 | -10,418 | 113 | 14,949 | -20,715 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
70,526 | -119 | -119 | -119 | 16,194 | 15,317 | 18,611 | 20,195 | 27,958 | 36,895 | 37,900 | 45,012 | 36,220 | 43,982 | 54,400 | 54,287 | 39,338 | |
14P |
-119 | -119 | -119 | 16,194 | 15,317 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The accounts for 3 older financial years (2006-2008) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00131833 | |
| 31-12-2024 | micro format | 02-04-2026 | 2026-00070920 | |
| 31-12-2023 | full format | 23-08-2025 | 2025-00394990 | |
| 31-12-2022 | full format | 23-08-2025 | 2025-00394983 | |
| 31-12-2021 | full format | 08-08-2025 | 2025-00365426 | |
| 31-12-2020 | full format | 10-07-2021 | 2021-35000213 | |
| 31-12-2019 | full format | 10-10-2020 | 2020-61300142 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-62700005 | |
| 31-12-2017 | full format | 13-09-2018 | 2018-62800213 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-50700337 | |
| 31-12-2015 | full format | 30-09-2016 | 2016-63900074 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56900233 | |
| 31-12-2013 | full format | 04-11-2014 | 2014-66700555 | |
| 31-12-2012 | full format | 24-09-2013 | 2013-59400313 | |
| 31-12-2011 | full format | 28-09-2012 | 2012-59900378 | |
| 31-12-2010 | full format | 17-08-2011 | 2011-42000312 | |
| 31-12-2009 | full format | 05-08-2010 | 2010-39500024 | |
| 31-12-2008 | full format | 24-08-2009 | 2009-59900055 | |
| 31-12-2007 | full format | 08-08-2008 | 2008-53900176 | |
| 31-12-2006 | full format | 12-07-2007 | 2007-38800090 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | -5,086 | - | -629 | 305 | -5,696 | -6,466 | -1,148 | 387 | 16,524 | 598 | -2,493 | 11,600 | 19,242 | -10,941 | ||
| - | - | - | -5,786 | - | -1,403 | -476 | -6,421 | -7,172 | 3,089 | -463 | 15,603 | -462 | -3,728 | 10,348 | 23,834 | -12,028 | ||
| - | - | - | 0 | - | 11,309 | 1 | 0 | -211 | 5,538 | 0 | 0 | 4,361 | 980 | 24,240 | 1,017 | 2,603 | ||
| - | - | - | - | - | - | - | - | -1,753 | -6,224 | -4,937 | 5,310 | -14,818 | -15,337 | -7,424 | 9,578 | - | ||
| 78,486 | 9,341 | 9,341 | 9,341 | 15,127 | 14,251 | 27,463 | 27,740 | 35,361 | 39,747 | 42,062 | 45,845 | 33,937 | - | 48,854 | 55,435 | 37,754 | ||
| 26.5% | 44.2% | 44.2% | 44.2% | 76.5% | 67.3% | 80.7% | 83.5% | 88.1% | 87.3% | 98.9% | 86.7% | 85.2% | 80.9% | 79.3% | 89.2% | 77.3% | ||
| 1.36 | 2.09 | 2.09 | 2.09 | 3.53 | 2.45 | 7.25 | 8.36 | 19.85 | 7.51 | - | 11.14 | 95.80 | - | 14.36 | 26.64 | 12.06 | ||
| 2.77 | 1.26 | 1.26 | 1.26 | 0.31 | 0.48 | 0.24 | 0.20 | 0.14 | 0.15 | 0.01 | 0.15 | 0.17 | 0.24 | 0.26 | 0.12 | 0.29 | ||
| 89.9% | - | 0.0% | -205.4% | 3.6% | -14.1% | -5.9% | -27.5% | -24.8% | -2.2% | -15.5% | 16.6% | -17.5% | -20.0% | 0.2% | 24.0% | -43.7% | ||
| 23.8% | - | 0.0% | -90.7% | 2.8% | -9.5% | -4.8% | -23.0% | -21.9% | -2.0% | -15.3% | 14.4% | -14.9% | -16.2% | 0.1% | 21.4% | -33.8% | ||
| - | - | - | -7.27 | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on VAB CONSTRUCT
The operating result for 2025 is €87,442, against €0 in 2023. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total rises from 55.8% to 73.5%. Equity and debt are higher.