VAN CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 113% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €2,339 | - |
| Depreciation and write-downs of the year | - | €468 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €468 | - |
| Other operating charges640/8 | €781 | - | - |
| Non-recurring operating charges66A | €100 | - | - |
| Gross operating margin9900 | €4,026 | €7,163 | ▲ 77.9% |
| Operating profit (loss)9901 | €3,145 | €6,695 | ▲ 113% |
| Financial income75/76B | €1 | €14 | ▲ 16× |
| Recurring financial income75 | €1 | €14 | ▲ 16× |
| Financial charges65/66B | -€186 | €22 | - |
| Recurring financial charges65 | -€186 | €22 | - |
| Profit (loss) for the period before taxes9903 | €3,332 | €6,688 | ▲ 101% |
| Income taxes67/77 | €666 | €1,551 | ▲ 133% |
| Profit (loss) for the period9904 | €2,666 | €5,137 | ▲ 92.7% |
| Profit (loss) for the period to be appropriated9905 | €2,666 | €5,137 | ▲ 92.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €9,738 | €44,481 | ▲ 357% |
| Fixed assets21/28 | €2,339 | €1,871 | ▼ 20.0% |
| Tangible fixed assets22/27 | €2,339 | €1,871 | ▼ 20.0% |
| Plant, machinery and equipment23 | €2,339 | €1,871 | ▼ 20.0% |
| Current assets29/58 | €7,399 | €42,610 | ▲ 476% |
| Amounts receivable within one year40/41 | €6,144 | €42,493 | ▲ 592% |
| Trade receivables40 | €3,420 | €42,493 | ▲ 12× |
| Other amounts receivable41 | €2,724 | - | - |
| Cash at bank and in hand54/58 | €1,255 | €117 | ▼ 90.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €9,738 | €44,481 | ▲ 357% |
| Equity10/15 | €3,666 | €8,803 | ▲ 140% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €2,666 | €7,803 | ▲ 193% |
| Amounts payable17/49 | €6,072 | €35,678 | ▲ 488% |
| Amounts payable within one year42/48 | €6,072 | €35,678 | ▲ 488% |
| Trade debts44 | €4,469 | €35,678 | ▲ 698% |
| Suppliers440/4 | €4,469 | €35,678 | ▲ 698% |
| Taxes, remuneration and social security45 | €666 | - | - |
| Taxes450/3 | €666 | - | - |
| Other amounts payable47/48 | €937 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,666 | €5,137 | ▲ 92.7% |
| + Depreciation and write-downs630 | - | €468 | - |
| Operating cash flow (approximation) | €2,666 | €5,605 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€1,138 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as VAN CONSTRUCT has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VAN CONSTRUCT itself: 4.0% within 12 months.
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 7,976 companies, not a prediction for VAN 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.