VAWE CONSTRUCT
ActiveSummary
VAWE CONSTRUCT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-55k) and a net result of €5k. Equity is shrinking by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 8% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+72
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.65 in 2024; short-term debt: 102.5% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
2.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d early
2023
on the day
2022
34 d early
2021
71 d late
2020
48 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-55k▲ 8.9%
2024 · €-60k
2018: €42k
2019: €42k▲ +2.1% vs 2018highest in 8 years
2020: €27k▼ -36.0% vs 2019
2021: €10k▼ -63.6% vs 2020
2022: €-101▼ -101% vs 2021
2023: €-3k▼ -2995% vs 2022
2024: €-60k▼ -1838% vs 2023lowest in 8 years
2025: €-55k▲ +8.9% vs 2024
2018 → 2025
Total assets
€202k▲ 7.9%
2024 · €187k
2018: €225k
2019: €289k▲ +28.5% vs 2018
2020: €365k▲ +26.4% vs 2019highest in 8 years
2021: €344k▼ -5.9% vs 2020
2022: €273k▼ -20.4% vs 2021
2023: €274k▲ +0.3% vs 2022
2024: €187k▼ -31.8% vs 2023lowest in 8 years
2025: €202k▲ +7.9% vs 2024
2018 → 2025
Net result
€5k
2024 · €-57k
2018: €320
2019: €892▲ +179% vs 2018
2020: €-15k▼ -1814% vs 2019
2021: €-17k▼ -13.0% vs 2020
2022: €-22k▼ -25.6% vs 2021
2023: €-3k▲ +86.1% vs 2022
2024: €-57k▼ -1799% vs 2023lowest in 8 years
2025: €5k▲ +109% vs 2024highest in 8 years
2018 → 2025
Working capital
€-70k▼ 5.9%
2024 · €-66k
2018: €-8khighest in 8 years
2019: €-41k▼ -408% vs 2018
2020: €-76k▼ -85.8% vs 2019
2021: €-89k▼ -16.3% vs 2020lowest in 8 years
2022: €-40k▲ +54.4% vs 2021
2023: €-33k▲ +18.7% vs 2022
2024: €-66k▼ -101% vs 2023
2025: €-70k▼ -5.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€-101€-3k▼ 2,995%€-60k▼ 1,838%€-55k▲ 8.9%
2021: €10khighest in 5 years
2022: €-101▼ -101% vs 2021
2023: €-3k▼ -2995% vs 2022
2024: €-60k▼ -1838% vs 2023lowest in 5 years
2025: €-55k▲ +8.9% vs 2024
Operating result€-9k-€-16k▼ 73.0%€8k€-54k€8k
2021: €-9k
2022: €-16k▼ -73.0% vs 2021
2023: €8k▲ +151% vs 2022
2024: €-54k▼ -772% vs 2023lowest in 5 years
2025: €8k▲ +115% vs 2024highest in 5 years
Net result€-17k-€-22k▼ 25.6%€-3k▲ 86.1%€-57k▼ 1,799%€5k
2021: €-17k
2022: €-22k▼ -25.6% vs 2021
2023: €-3k▲ +86.1% vs 2022
2024: €-57k▼ -1799% vs 2023lowest in 5 years
2025: €5k▲ +109% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €8k after a loss of €54k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202k
Fixed assets
€65k ▲ 4.8%
Current assets
€136k ▲ 9.5%
Key figures and ratios
EBITDA
€32k▲
2024 · €-10k
Cash flow
€29k▲
2024 · €-13k
Solvency
-27.3%▲
2024 · -32.3%
Current ratio
0.66▲
2024 · 0.65
Quick ratio
0.22▼
2024 · 0.24
Debt to equity
-4.67▼
2024 · -4.10
ROA
2.7%▲
2024 · -30.6%
Interest coverage
12.14▲
2024 · -2.73
Debt
€257k▲
2024 · €247k
Debt ≤ 1 year
€207k▲
2024 · €191k
Debt > 1 year
€50k▼
2024 · €56k
Staff costs
€23k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€187k€202k▲
Fixed assets21/28€62k€65k▲
Tangible fixed assets22/27€62k€65k▲
Plant, machinery and equipment23€37k€39k▲
Furniture and vehicles24€2k€18k▲
Leasing and similar rights25€24k€8k▼
Financial fixed assets28€70€70=
Current assets29/58€125k€136k▲
Stocks and contracts in progress3€78k€90k▲
Stocks30/36€78k€90k▲
Amounts receivable within one year40/41€42k€46k▲
Trade receivables40€39k€44k▲
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€2k€32▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€187k€202k▲
Equity10/15€-60k€-55k▲
Contributions10/11€64k€64k=
Profit (loss) carried forward14€-124k€-119k▲
Amounts payable17/49€247k€257k▲
Amounts payable after more than one year17€56k€50k▼
Financial debts170/4€56k€50k▼
Amounts payable within one year42/48€191k€207k▲
Current portion of amounts payable after more than one year42€17k-
Financial debts43€17k€30k▲
Credit institutions430/8€17k€30k▲
Trade debts44€52k€49k▼
Suppliers440/4€52k€49k▼
Taxes, remuneration and social security45€8k€12k▲
Taxes450/3€1k€1k▼
Remuneration and social security454/9€7k€11k▲
Other amounts payable47/48€97k€116k▲
Income statement
Code20242025
Remuneration, social security and pensions62€20k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€24k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€12k€57k▲
Operating profit (loss)9901€-54k€8k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-57k€5k▲
Profit (loss) for the period9904€-57k€5k▲
Profit (loss) for the period to be appropriated9905€-57k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-124k€-119k▲
Profit (loss) brought forward from the previous period14P€-67k€-124k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20k | €17k | €20k | €20k | €23k | ▲ 15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €51k | €52k | €44k | €24k | ▼ 45.5% |
| Other operating charges640/8 | €2k | €1k | €2k | €2k | €2k | ▲ 15.7% |
| Gross operating margin9900 | €72k | €54k | €81k | €12k | €57k | ▲ 380% |
| Operating profit (loss)9901 | €-9k | €-16k | €8k | €-54k | €8k | ▲ 115% |
| Financial charges65/66B | €8k | €6k | €11k | €4k | €3k | ▼ 27.3% |
| Recurring financial charges65 | €8k | €6k | €11k | €4k | €3k | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €-17k | €-22k | €-3k | €-57k | €5k | ▲ 109% |
| Profit (loss) for the period9904 | €-17k | €-22k | €-3k | €-57k | €5k | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-22k | €-3k | €-57k | €5k | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344k | €273k | €274k | €187k | €202k | ▲ 7.9% |
| Fixed assets21/28 | €196k | €147k | €103k | €62k | €65k | ▲ 4.8% |
| Tangible fixed assets22/27 | €196k | €146k | €103k | €62k | €65k | ▲ 4.8% |
| Plant, machinery and equipment23 | €77k | €62k | €53k | €37k | €39k | ▲ 4.9% |
| Furniture and vehicles24 | €15k | €10k | €6k | €2k | €18k | ▲ 1,024% |
| Leasing and similar rights25 | €104k | €74k | €44k | €24k | €8k | ▼ 65.1% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €148k | €127k | €171k | €125k | €136k | ▲ 9.5% |
| Stocks and contracts in progress3 | €34k | €53k | €69k | €78k | €90k | ▲ 15.2% |
| Stocks30/36 | €34k | €53k | €69k | €78k | €90k | ▲ 15.2% |
| Amounts receivable within one year40/41 | €108k | €73k | €100k | €42k | €46k | ▲ 9.5% |
| Trade receivables40 | €87k | €67k | €91k | €39k | €44k | ▲ 14.9% |
| Other amounts receivable41 | €22k | €6k | €9k | €4k | €2k | ▼ 46.5% |
| Cash at bank and in hand54/58 | €2k | €74 | €2k | €2k | €32 | ▼ 98.1% |
| Deferred charges and accrued income490/1 | €3k | €266 | - | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344k | €273k | €274k | €187k | €202k | ▲ 7.9% |
| Equity10/15 | €10k | €-101 | €-3k | €-60k | €-55k | ▲ 8.9% |
| Contributions10/11 | €52k | €64k | €64k | €64k | €64k | = |
| Profit (loss) carried forward14 | €-42k | €-64k | €-67k | €-124k | €-119k | ▲ 4.3% |
| Amounts payable17/49 | €334k | €273k | €277k | €247k | €257k | ▲ 3.8% |
| Amounts payable after more than one year17 | €97k | €106k | €73k | €56k | €50k | ▼ 11.2% |
| Financial debts170/4 | €97k | €106k | €73k | €56k | €50k | ▼ 11.2% |
| Amounts payable within one year42/48 | €236k | €167k | €204k | €191k | €207k | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | €70k | €41k | €35k | €17k | - | - |
| Financial debts43 | €2k | €29k | €30k | €17k | €30k | ▲ 79.5% |
| Credit institutions430/8 | €2k | €29k | €30k | €17k | €30k | ▲ 79.5% |
| Trade debts44 | €76k | €28k | €48k | €52k | €49k | ▼ 6.3% |
| Suppliers440/4 | €76k | €28k | €48k | €52k | €49k | ▼ 6.3% |
| Taxes, remuneration and social security45 | €19k | €18k | €14k | €8k | €12k | ▲ 52.9% |
| Taxes450/3 | €4k | €1k | €3k | €1k | €1k | ▼ 19.7% |
| Remuneration and social security454/9 | €16k | €17k | €10k | €7k | €11k | ▲ 67.1% |
| Other amounts payable47/48 | €69k | €52k | €77k | €97k | €116k | ▲ 19.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-22k | €-3k | €-57k | €5k | ▲ 109% |
| + Depreciation and write-downs630 | €58k | €51k | €52k | €44k | €24k | ▼ 45.5% |
| Operating cash flow (approximation) | €41k | €29k | €49k | €-13k | €29k | ▲ 317% |
| Investment in fixed assets (approximation) | - | €-2k | €-8k | €-3k | €-27k | ▼ 898% |
| Change in cash | - | €-2k | €2k | €-437 | €-2k | ▼ 275% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 5 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Aarschot · 1 establishment unit since 2001
Ground area
2,028 m²
Building footprint
140 m²
Volume, LiDAR
835 m³
Parcel 24092F0112/00M000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Montenaken 161, 3202 Aarschot
since 20012.092.768.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24092F0112/00M000 | Flanders | 2,028 m² | 1 · 140 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.