VAC Construct
The computed 12-month bankruptcy probability of VAC Construct is 12.0% (high). The 2023 annual accounts show negative equity (€-70k) and a net result of €-124k. 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.
| Equity | €-70k |
| Net result | €-124k |
| Active | 7 yrs |
| Publications | 2 |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 9 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-113k |
| Net profit | €-124k |
| Cash flow | €-116k |
| Staff costs | €28k |
| Income taxes | - |
| Dividends | - |
| Total assets | €67k |
| Equity | €-70k |
| Debt | €137k |
| of which ≤ 1y | €126k |
| of which > 1y | - |
| Working capital | €-66k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.48 |
| Quick ratio | 0.48 |
| Working capital ratio | -98.5% |
| Solvency | -104.6% |
| Debt / equity | -1.96 |
| Long-term debt ratio | - |
| Interest coverage | -24.79 |
| Gross margin | - |
| Net margin | - |
| ROA | -184.8% |
| ROE | 176.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €67k |
| Fixed assets | 21/28 | €7k |
| Tangible fixed assets | 22/27 | €7k |
| Current assets | 29/58 | €60k |
| Amounts receivable within one year | 40/41 | €29k |
| Cash & bank | 54/58 | €24k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €67k |
| Equity | 10/15 | €-70k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €250 |
| Accumulated profits (losses) | 14 | €-73k |
| Amounts payable | 17/49 | €137k |
| Amounts payable within one year | 42/48 | €126k |
| Trade debts payable within one year | 44 | €114k |
| Income statement | ||
| Gross operating margin | 9900 | €-32k |
| Operating result | 9901 | €-122k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-124k |
| Net result for the period | 9904 | €-124k |
| Result to be appropriated | 9905 | €-124k |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 13-03-2019 |
| Status | Active |
| Postal code | 1020 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0232/00M005 | Brussels | 274 m² | 1 · 148 m² | 16.2 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
23-06-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": null,
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-06-23",
"filing_date": "2025-06-16",
"act_kind_objet": "RETRACTATION DISSOLUTION JUDICIAIRE"
},
"decision": {
"body": "rechterlijke_uitspraak",
"act_date": "2025-04-07",
"unanimous": null
},
"conversion": null,
"detected_kind": "court_filing_notice",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0722.714.039",
"name": "VAC CONSTRUCT",
"role": "other",
"address": "1 AVENUE DE L\u0027AMARANTE 1020 BRUXELLES",
"is_foreign": false,
"legal_form": "SRL",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [],
"is_cross_border": false,
"is_silent_merger": false,
"balance_basis_date": null,
"exchange_ratio_text": null,
"new_shares_issued_n": null,
"real_estate_included": false,
"patrimony_description": null,
"equity_transferred_eur": null,
"accounting_effective_date": null
},
"subject_company": {
"kbo": "0722.714.039",
"name_full": "VAC CONSTRUCT",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"summary_narrative": "Par jugement du 7 avril 2025, la dissolution judiciaire de la SRL VAC CONSTRUCT, inscrite \u00E0 la BCE sous le n\u00B0 0722.714.039, dont le si\u00E8ge social est situ\u00E9 \u00E0 1020 Bruxelles, avenue de l\u0027Amarante 1, prononc\u00E9e par jugement du tribunal de l\u0027entreprise francophone de Bruxelles du 27 f\u00E9vrier 2025, a \u00E9t\u00E9 r\u00E9tract\u00E9e.",
"co_filed_documents": [],
"detected_real_type": "court_filing_notice",
"referenced_correction": {
"prior_pub_date": "2025-02-27",
"what_corrected": "dissolution judiciaire",
"prior_pub_number": null
},
"should_reroute_to_category": null
}28-01-2025 All shares are now held by a single shareholder
Technical details
{
"events": [
{
"kind": "eenhoofdigheid_declaration",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2025-01-21",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"act_date": "2024-11-18",
"unanimous": true,
"under_authorized_capital": false,
"underlying_resolution_date": "2024-01-01"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0722.714.039",
"name_full": "VAC CONSTRUCT",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expedition",
"plan financier",
"bankattest",
"verslag bedrijfsrevisor"
],
"shareholders_after": [
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "SIVKOVA Mariana",
"role": "g\u00E9rant_statutaire",
"n_shares": null,
"share_class": null
},
{
"kbo": null,
"pct": null,
"kind": "person",
"name": "SIVKOV Veselin",
"role": "g\u00E9rant_statutaire",
"n_shares": null,
"share_class": null
}
],
"share_classes_after": []
}| Legal nameNL | VAC Construct |