VAC Construct
ActiveSummary
The computed 12-month bankruptcy probability of VAC Construct is 12.2% (high). For VAC Construct, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€70,226) and a net result of -€124,058. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0▼-60
Growth32=
Track record100
Bankruptcy probability, 12 months
12.2%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
-104.6%
Return on assets
-184.8%
Age of the figures
33 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-03-2025, 224 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
224 d late
2022
206 d late
2021
79 d late
2020
83 d late
2019
255 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 169 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€124,058▼ 95.2%
2022 · -€63,544
Working capital
-€66,129
2022 · €55,882
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
Line20192020202120222023
Operating result€115,640-€30,314▼ 73.8%€880▼ 97.1%-€57,967-€121,564▼ 110%
Net result€90,520-€23,814▼ 73.7%€542▼ 97.7%-€63,544-€124,058▼ 95.2%
Equity€93,020-€116,834▲ 25.6%€117,376▲ 0.5%€53,832▼ 54.1%-€70,226
Total assets€159,713-€217,093▲ 35.9%€179,582▼ 17.3%€155,236▼ 13.6%€67,148▼ 56.7%
Debt€66,693-€100,258▲ 50.3%€62,206▼ 38.0%€101,404▲ 63.0%€137,374▲ 35.5%
Working capital€91,881-€116,482▲ 26.8%€115,276▼ 1.0%€55,882▼ 51.5%-€66,129
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €121,564 in 2023 against €57,967 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €67,148
Fixed assets
€6,812 ▲ 108%
Current assets
€60,335 ▼ 60.3%
Key figures and ratios
EBITDA
-€113,264
Cash flow
-€115,758
Solvency
-104.6%▼
2022 · 34.7%
Current ratio
0.48▼
2022 · 1.58
Debt to equity
-1.96▼
2022 · 1.88
ROA
-184.8%▼
2022 · -40.9%
Interest coverage
-24.79
Debt ≤ 1 year
€126,464▲
2022 · €96,082
Staff costs
€28,322▼
2022 · €156,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €43,402 | €156,982 | €28,322 | ▼ 82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,436 | €788 | €2,452 | - | €8,300 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €52,175 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €1,084 | - |
| Other operating charges640/8 | - | - | €1,968 | €200 | - | - |
| Gross operating margin9900 | €122,288 | €45,341 | €48,701 | €99,215 | -€31,682 | ▼ 132% |
| Operating profit (loss)9901 | €115,640 | €30,314 | €880 | -€57,967 | -€121,564 | ▼ 110% |
| Financial income75/76B | - | - | - | €47 | €2,075 | ▲ 4,292% |
| Recurring financial income75 | - | - | - | €47 | €2,075 | ▲ 4,292% |
| Financial charges65/66B | - | - | €337 | €2,225 | €4,569 | ▲ 105% |
| Recurring financial charges65 | €120 | - | €337 | €2,225 | €4,569 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €115,520 | €30,314 | €542 | -€60,144 | -€124,058 | ▼ 106% |
| Income taxes67/77 | €25,000 | €6,500 | - | €3,400 | - | - |
| Profit (loss) for the period9904 | €90,520 | €23,814 | €542 | -€63,544 | -€124,058 | ▼ 95.2% |
| Profit (loss) for the period to be appropriated9905 | €90,520 | €23,814 | €542 | -€63,544 | -€124,058 | ▼ 95.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,713 | €217,093 | €179,582 | €155,236 | €67,148 | ▼ 56.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1,139 | €352 | €2,100 | €3,271 | €6,812 | ▲ 108% |
| Tangible fixed assets22/27 | €1,139 | €352 | €2,100 | €3,271 | €6,812 | ▲ 108% |
| Plant, machinery and equipment23 | - | - | - | €1,171 | - | - |
| Furniture and vehicles24 | - | - | €2,100 | €2,100 | €6,812 | ▲ 224% |
| Current assets29/58 | €158,574 | €216,741 | €177,482 | €151,965 | €60,335 | ▼ 60.3% |
| Amounts receivable within one year40/41 | €103,956 | €216,741 | €117,152 | €108,546 | €28,822 | ▼ 73.4% |
| Trade receivables40 | - | - | €65,514 | €85,498 | €10,471 | ▼ 87.8% |
| Other amounts receivable41 | - | - | €51,638 | €23,048 | €18,351 | ▼ 20.4% |
| Cash at bank and in hand54/58 | €54,618 | - | €60,331 | €40,465 | €23,986 | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2,953 | €7,528 | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,713 | €217,093 | €179,582 | €155,236 | €67,148 | ▼ 56.7% |
| Equity10/15 | €93,020 | €116,834 | €117,376 | €53,832 | -€70,226 | ▼ 230% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | - | - | - | - | €2,500 | - |
| Issued capital100 | - | - | - | - | €2,500 | - |
| Reserves13 | €250 | €250 | €250 | €250 | €250 | = |
| Non-distributable reserves130/1 | - | - | €250 | €250 | €250 | = |
| Legal reserve130 | - | - | - | - | €250 | - |
| Reserves not available under the articles1311 | - | - | €250 | €250 | - | - |
| Profit (loss) carried forward14 | €90,270 | €114,084 | €114,626 | €51,082 | -€72,976 | ▼ 243% |
| Amounts payable17/49 | €66,693 | €100,258 | €62,206 | €101,404 | €137,374 | ▲ 35.5% |
| Amounts payable within one year42/48 | €66,693 | €100,258 | €62,206 | €96,082 | €126,464 | ▲ 31.6% |
| Trade debts44 | €37,242 | €51,242 | €14,068 | €55,007 | €114,041 | ▲ 107% |
| Suppliers440/4 | - | - | €14,068 | €55,007 | €114,041 | ▲ 107% |
| Taxes, remuneration and social security45 | - | - | €48,138 | €16,179 | €12,423 | ▼ 23.2% |
| Taxes450/3 | - | - | €40,940 | €15,556 | €9,215 | ▼ 40.8% |
| Remuneration and social security454/9 | - | - | €7,198 | €623 | €3,208 | ▲ 415% |
| Other amounts payable47/48 | - | - | - | €24,897 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,321 | €10,909 | ▲ 105% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,520 | €23,814 | €542 | -€63,544 | -€124,058 | ▼ 95.2% |
| + Depreciation and write-downs630 | €2,436 | €788 | €2,452 | - | €8,300 | - |
| Operating cash flow (approximation) | €92,956 | €24,601 | €2,994 | -€63,544 | -€115,758 | ▼ 82.2% |
| Investment in fixed assets (approximation) | - | €0 | -€4,200 | -€1,171 | -€11,841 | ▼ 911% |
| Change in cash | - | - | - | -€19,865 | -€16,480 | ▲ 17.0% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 224 days late
2024
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 206 days late
2023
31-12
Financial
Weakest financial yearnet -€124,058
Net result drops to -€124,058, the lowest in the series.
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 79 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 255 days late
2020
31-12
Financial
Equity above €100,000Eq €116,834 ▲25.6%
2 profitable years in a row build equity to €116,834.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Brussel
Ground area
274 m²
Building footprint
148 m²
Volume, LiDAR
1,914 m³
Parcel 21818E0232/00M005, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0232/00M005 | Brussels | 274 m² | 1 · 148 m² | 16.2 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-03-2019
Fiscal year end31-12
Contact
E-mail
vacconstruct@outlook.com
Scores and ratios are computed by Checked and are not a credit decision.