VAG Construct
ActiveSummary
The computed 12-month bankruptcy probability of VAG Construct is 5.8% (elevated). The 2024 annual accounts show equity of €137,447 and a net result of €76,809. Its solvency ranks better than 74% of 35,966 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-01-2023 Normal situation
- Registered office
- 604 active companies are registered at this address 116 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Specialised construction activities NACE 43130and 4 others
- Establishment unit
- 2.340.451.533 1090 Jette, since 18-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 31-07-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.8%
- Turnover
- €522,722
- ▲ 34.9%
- Profit
- €76,809
- ▲ 27.7%
- Equity
- €137,447
- ▲ 127%
- Total assets
- €201,660
- ▼ 13.0%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskSize: turnover €522,722, total assets €201,6601 financial year not filed after the legal deadline; last filed accounts filed 69 days late; 2 of the last 3 accounts lateFigures for financial year 2024 (filed on 10-10-2025)Founded in 2023Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 74% of them on solvency, 31% on liquidity, 92% on profitability and 87% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 69 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 08-10-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2024 is 28% higher than in 2023.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Turnover70 | €387,570 | €522,722 | ▲ 34.9% |
| Goods, raw materials, services and sundry goods60/61 | €308,997 | €425,095 | ▲ 37.6% |
| Remuneration, social security and pensions62 | €1,468 | €1,316 | ▼ 10.4% |
| Other operating charges640/8 | €1,790 | - | - |
| Gross operating margin9900 | €78,574 | €97,627 | ▲ 24.2% |
| Operating profit (loss)9901 | €75,316 | €96,311 | ▲ 27.9% |
| Financial charges65/66B | €102 | €300 | ▲ 193% |
| Recurring financial charges65 | €102 | €300 | ▲ 193% |
| Profit (loss) for the period before taxes9903 | €75,213 | €96,011 | ▲ 27.7% |
| Income taxes67/77 | €15,075 | €19,202 | ▲ 27.4% |
| Profit (loss) for the period9904 | €60,138 | €76,809 | ▲ 27.7% |
| Profit (loss) for the period to be appropriated9905 | €60,138 | €76,809 | ▲ 27.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €231,833 | €201,660 | ▼ 13.0% |
| Current assets29/58 | €231,833 | €201,660 | ▼ 13.0% |
| Amounts receivable within one year40/41 | €231,833 | €193,684 | ▼ 16.5% |
| Trade receivables40 | €166,339 | €143,294 | ▼ 13.9% |
| Other amounts receivable41 | €65,494 | €50,390 | ▼ 23.1% |
| Cash at bank and in hand54/58 | - | €7,976 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €231,833 | €201,660 | ▼ 13.0% |
| Equity10/15 | €60,638 | €137,447 | ▲ 127% |
| Contributions10/11 | €500 | €500 | = |
| Profit (loss) carried forward14 | €60,138 | €136,947 | ▲ 128% |
| Amounts payable17/49 | €171,195 | €64,213 | ▼ 62.5% |
| Amounts payable within one year42/48 | €171,195 | €64,213 | ▼ 62.5% |
| Current portion of amounts payable after more than one year42 | €171,195 | €64,213 | ▼ 62.5% |
Historical observation
In July 2024, 39,278 companies had the same profile as VAG Construct has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VAG Construct itself is higher: 5.8% within 12 months. It rests on far more data about VAG Construct than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for VAG Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- VOICULESCU Georgian Alexandru 100 shares (100%)
Capital transactions
- 20-01-2023 Incorporation · €500 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, algemene vergadering die benoemt bepaalt aantal en duur”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, gelijk recht in winstverdeling”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid verworven aantal bij meer kopers, prijs in oorspronkelijke bekendmaking”
Articles of association, deed of 20-01-2023 (in Dutch)
Network & group
VAG Construct shares no director with another company.
Companies at the same address
603 other companies- VAN DER BOUW Registered office · since 2026 1044639223
- A.I COMPANY BE Registered office · since 2026 1044489169
- GROUP SOFIA Registered office · since 2026 1044514212
- KMC WORKS Registered office · since 2026 1044515301
- RUSU COMPANY Registered office · since 2026 1044489565
- ELEN CONSTRUCT Registered office · since 2026 1044414638
- PRO & SYK CONSTRUCT Registered office · since 2026 1044411371
- NMC CONSTRUCT Registered office · since 2026 1044338721
- ALSANAD Registered office · since 2026 1044238751
- NOVA LINK SERVICES Registered office · since 2026 1044006149
Connections & network
1 current directorThe network starts from the directors of VAG Construct. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-01
Gazette deed
IncorporationStarting capital €500 · Appointment: VOICULESCU Georgian Alexandru (director) · Founder7 points ▸
- Founder, VOICULESCU Georgian Alexandru (comparant)
- Incorporation, “VAG Construct” (deed in Dutch)
- Founding capital, €500
- Board rule, 1
- Director appointment, VOICULESCU Georgian Alexandru (director)
- Other provision, “dag verkrijging rechtspersoonlijkheid, begin werkzaamheden” (deed in Dutch)
- Other provision, “Roemeens, vertaling” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 18 January 2023, VAG Construct was incorporated as a private limited company by one natural person, with a starting capital of €500.12 VOICULESCU Georgian Alexandru is director of the company, appointed in the act of 20-01-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2024.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
3 activities
- Alle bouwondernemingsactiviteiten in de breedste zin van het woord,het optrekken van de ruwbouw,de algemene bouwonderneming,bekisting,betonwapening;de coördinatie van onderaannemers,de afbraak-,vlak- en afgravingwerken,alle metsel-,voeging- en waterdichtheidwerken;alle asfalteringwerken;de montage van daken en het onderhoud ervan;het plaatsen van dakbedekking van ongeacht welk materiaal en van dakgoten en regenafvoerbuizen;alle geraamtewerken (hout- en stalconstructies,of andere);akoestische en thermische isolatie;de bekleding van wanden,vloeren,plafonds,gevels;al dan niet industriële schilderwerken;betegelen en mozaïekwerken;deklaag- en stucwerken;de montage van buiten- en binnenschrijnwerk van hout en kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort;de installatie van al dan niet verplaatsbare tussenwanden en de installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzovoort in hout of kunststof;de natuursteen- en marmerbewerking;alle vernieuwingswerken,schoonmaakwerken;het schoorsteenvegen;het plaatsen van stellingen,ijzerwaren,smeedwerk,alle metaalwerken;alle werken van glazenmakervak,het plaatsen van ruiten,spiegels,glas-in-loodramen,het vervaardigen van doorzichtige wanden;alle sanitair- en loodgieterijwerken;de installatie van elektrische bedrading en toebehoren,van de installatie van bewakingssystemen en alarminstallaties tegen diefstal;het garneren van meubilair;de kleinhandel,de invoer en de uitvoer van constructiematerialen;alle hydraulische werken,maritieme of rivierwerken,constructie of herstelling van sluizen,stuwdammen,dijken,kanalen en kunstwerken,doorleggings- afwatering- en pompenwerken,irrigatie- en uitbaggeringwerken,créatie en onderhoud van vijvers,rivieren en beekjes;het aanleggen van wegen,fietspaden,enzovoort;
- Het schoonmaken en het onderhoud van onroerende goederen,het schoonmaken van vensters en van bureaus,kleine bureauwerkjes,interimdiensten,onderaanneming.Het aanbieden van thuishulp van huishoudelijke aard in het kader van dienstencheques:schoonmaak van de woning met inbegrip van de ramen;wassen en strijken;occasionele kleine naaiwerken;bereiden van maaltijden;strijken in een lokaal van de onderneming alsook activiteiten verricht buiten het huis van de gebruiker zoals onder andere boodschappendienst,mindermobielencentra voor bejaarden en strijkateliers.
- Nationale en internationale personen- en koopwarentransport,express courrier;
Invoicing and payment
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. Use the enterprise number 0797.332.773
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 21463D0337/00C003 | Brussels | 252 m² | 1 · 120 m² | 19.6 m · 6 |