VACARU CONSTRUCT

Active

Private limited companyfounded 20196 yrs activeBrusselstraat 135, 1740 Ternat, BelgiumKBO/BCE: BE 0735.708.376

The computed 12-month bankruptcy probability of VACARU CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €77k and a net result of €36k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 7311 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

100 / 100

Excellent▲ +30 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency100▲+3

Growth78▲+26

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 18.51 against 3.93 in 2024), and 13.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

86.7%

Return on assets

40.6%

Age of the figures

17 mo

Filed after the deadline

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-11-2025, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

10 d late

2024

42 d late

2023

14 d late

2022

9 d late

2021

34 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close14-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€244k

EBIT margin

3.0%

Net result

€36k

2024 · €-600

2021: €25k 2022: €5k 2023: €6k 2024: €-600

2021 → 2025

Working capital

€84k▲ 52.5%

2024 · €55k

2021: €25k 2022: €25k 2023: €61k 2024: €55k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€244k

Equity€31k-€36k▲ 15.0%€42k▲ 16.9%€41k▼ 1.4%€77k▲ 88.3%

Operating result€32k-€7k▼ 77.4%€9k▲ 26.8%€780▼ 91.5%€37k▲ 4,582%

Net result€25k-€5k▼ 81.2%€6k▲ 29.2%€-600€36k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 4,582% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €89k

86.7%

13.3%

Equity €77k▲ 88.3%

Debt €12k▼ 66.0%

The debt ratio falls from 46.0% to 13.3%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€38k▲

2024 · €4k

Cash flow

€38k▲

2024 · €3k

Solvency

86.7%▲

2024 · 54.0%

Current ratio

18.51▲

2024 · 3.93

Quick ratio

18.51▲

2024 · 3.93

Debt / equity

0.15▼

2024 · 0.85

ROE

46.9%▲

2024 · -1.5%

ROA

40.6%▲

2024 · -0.8%

Interest coverage

110.37▲

2024 · 6.96

Debt

€12k▼

2024 · €35k

Debt ≤ 1 year

€5k▼

2024 · €19k

Debt > 1 year

€7k▼

2024 · €16k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€76k€89k▲

Fixed assets21/28€2k-

Tangible fixed assets22/27€2k-

Furniture and vehicles24€2k-

Current assets29/58€74k€89k▲

Amounts receivable within one year40/41€71k€78k▲

Trade receivables40€55k€49k▼

Other amounts receivable41€16k€29k▲

Cash at bank and in hand54/58€3k€11k▲

Equity and liabilities

Total equity and liabilities10/49€76k€89k▲

Equity10/15€41k€77k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€35k€71k▲

Amounts payable17/49€35k€12k▼

Amounts payable after more than one year17€16k€7k▼

Financial debts170/4€16k€7k▼

Amounts payable within one year42/48€19k€5k▼

Trade debts44€18k€4k▼

Suppliers440/4€18k€4k▼

Taxes, remuneration and social security45€747€747=

Taxes450/3€747€747=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼

Other operating charges640/8€838€3k▲

Gross operating margin9900€5k€41k▲

Operating profit (loss)9901€780€37k▲

Financial income75/76B€1€2▲

Recurring financial income75€1€2▲

Financial charges65/66B€633€347▼

Recurring financial charges65€633€347▼

Profit (loss) for the period before taxes9903€147€36k▲

Income taxes67/77€747-

Profit (loss) for the period9904€-600€36k▲

Profit (loss) for the period to be appropriated9905€-600€36k▲

Appropriation of the result

Profit (loss) to be appropriated9906€35k€71k▲

Profit (loss) brought forward from the previous period14P€35k€35k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

Next filing, fiscal year 2026, expected by 31-10-2026

2025

10-11

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 10 days late

31-03

Financial Back to profitnet €36k

Net result €36k after one loss-making year.

31-03

Financial Liquidity times 5current ratio 18.51

Current ratio from 3.93 to 18.51; short-term debt falls from €19k to €5k.

2024

12-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 42 days late

31-03

Financial Weakest financial yearnet €-600 ▼110%

Net result drops to €-600, the lowest in the series; recovery starts the following year.

2023

14-11

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 14 days late

31-03

Financial Liquidity times 13current ratio 21.08

Current ratio from 1.66 to 21.08; short-term debt falls from €37k to €3k.

2022

09-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 9 days late

2021

27-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Ternat · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brusselstraat 1351740 Ternat

Ground area

5,822 m²

Building footprint

1,168 m²

Volume, LiDAR

54,170 m³

2 parcels, Brussels, Flanders · tallest building 58.4 m, ±18 floors. Linked by address, not a title deed.

1 establishment unit

VACARU CONSTRUCT

Marius Renardlaan 31, 1070 AnderlechtGeneral construction of buildings

since 20192.295.213.307

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21308H0364/00H000	Brussels	5,020 m²	1 · 1,016 m²	58.4 m · 18 fl.
23086C0212/00H000	Flanders	802 m²	1 · 151 m²	6.1 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

P & T Algemene Bouw

BE 0756.483.796

Oostende · Eq €77k

SOCIETE ANONYME TECHNIC ET CONSTRUCTION

Tessenderlo-Ham · Eq €77k

Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 13,065 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-10-2019

Fiscal year end31-03

Activities, NACEBEL

41001General construction of residential buildings

41003General construction of other non-residential buildings

43110Demolition

43341Painting of buildings

81230Other cleaning activities

82100Office administrative and support services

82110Office administrative, office support and other business support activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.