VAC Construct
ActiveSummary
The computed 12-month bankruptcy probability of VAC Construct is 24.0% (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. Its solvency ranks better than 5% of 3,574 sector peers (NACE 43, financial year 2023). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€70,226
- Loss
- -€124,058
- Bankruptcy probabilitywithin 12 months
- 24.0%
Signalsraises risk2 financial years not filed after the legal deadline; latest accounts 224 days late; 3 of the last 3 lateFigures for financial year 2023 (filed 12-03-2025)No registered site in the KBOSize: total assets €67,148Two or more financial years not filedFiled more than 90 days lateShow the evidence
Bankruptcy probability
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
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Signals
This company filed its last 5 accounts on average 169 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- MiscellaneousCourt decision
- Annual accounts filedfinancial year 2023 · full…
- Resignation: SIVKOVA Mariana (manager)Appointment: SIVKOV Veselin (manager) ·…
Financials · financial year 2023, full format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 21 October 2026.
2019 to 2023, 5 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| 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 | - |
| 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 | - |
| 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 | - |
| 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 12-03-2025 | 2025-00046738 |
| 31-12-2022 | full format | 22-02-2024 | 2024-00032878 |
| 31-12-2021 | full format | 18-10-2022 | 2022-20470119 |
| 31-12-2020 | micro format | 22-10-2021 | 2021-73700382 |
| 31-12-2019 | micro format | 12-04-2021 | 2021-10500601 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
23-06
Gazette deed
MiscellaneousCourt decision1 fact ▸
- Court decision, 07-04-2025
28-01
Gazette deed
Resignation: SIVKOVA Mariana (manager)Appointment: SIVKOV Veselin (manager) · Director discharge7 facts ▸
- General meeting, 18-11-2024
- Other provision, “présidente de l'assemblée, présence à l'assemblée générale” (deed in French)
- Other provision, “présence à l'assemblée générale, associé” (deed in French)
- Director resignation, SIVKOVA Mariana (manager)
- Director discharge, SIVKOVA Mariana
- Director appointment, SIVKOV Veselin (manager)
- Other provision, “procès-verbal de l'assemblée, la gérante” (deed in French)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0722.714.039
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21818E0232/00M005 | Brussels | 274 m² | 1 · 148 m² | 16.2 m · 4 |