VB Construct
ActiveSummary
VB Construct has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €517 and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency29▲+29
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 2024Solvency, return and age of the figures
Solvency
4.2%
Return on assets
60.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
14 d late
2022
30 d late
2021
153 d late
2020
125 d late
2018
152 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€517
2023 · €-7k
2018: €1khighest value
2020: €-3k
2021: €-1k▲ +64.0% vs 2020
2022: €-19k▼ -1559% vs 2021lowest value
2023: €-7k▲ +62.4% vs 2022
2024: €517▲ +107% vs 2023
2018 → 2024
Total assets
€12k▼ 18.4%
2023 · €15k
2018: €34khighest value
2020: €27k
2021: €33k▲ +21.4% vs 2020
2022: €19k▼ -42.4% vs 2021
2023: €15k▼ -19.7% vs 2022
2024: €12k▼ -18.4% vs 2023lowest value
2018 → 2024
Net result
€8k▼ 35.3%
2023 · €12k
2018: €2k
2020: €627
2021: €2k▲ +219% vs 2020
2022: €-18k▼ -977% vs 2021lowest value
2023: €12k▲ +166% vs 2022highest value
2024: €8k▼ -35.3% vs 2023
2018 → 2024
Working capital
€-2k▲ 73.4%
2023 · €-7k
2018: €-9k
2020: €-8k
2021: €-7k▲ +6.8% vs 2020
2022: €-22k▼ -210% vs 2021lowest value
2023: €-7k▲ +68.3% vs 2022
2024: €-2k▲ +73.4% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-3k-€-1k▲ 64.0%€-19k▼ 1,559%€-7k▲ 62.4%€517
2020: €-3k
2021: €-1k▲ +64.0% vs 2020
2022: €-19k▼ -1559% vs 2021lowest in 5 years
2023: €-7k▲ +62.4% vs 2022
2024: €517▲ +107% vs 2023highest in 5 years
Operating result€1k-€2k▲ 103%€-17k€12k€8k▼ 34.2%
2020: €1k
2021: €2k▲ +103% vs 2020
2022: €-17k▼ -934% vs 2021lowest in 5 years
2023: €12k▲ +167% vs 2022highest in 5 years
2024: €8k▼ -34.2% vs 2023
Net result€627-€2k▲ 219%€-18k€12k€8k▼ 35.3%
2020: €627
2021: €2k▲ +219% vs 2020
2022: €-18k▼ -977% vs 2021lowest in 5 years
2023: €12k▲ +166% vs 2022highest in 5 years
2024: €8k▼ -35.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 34% below 2023.
Balance-sheet composition
Assets €12k
Fixed assets
€2k
Current assets
€10k
Equity and liabilities €12k
Equity
€517
Debt
€12k
Debt finances 95.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k
Cash flow
€14k
Current ratio
0.84▲
2023 · 0.68
ROA
60.7%▼
2023 · 76.6%
Interest coverage
88.51
Debt ≤ 1 year
€12k▼
2023 · €22k
Equity ratios withheld: equity of €517 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | - | €7k | - |
| Other operating charges640/8 | - | €128 | €75 | €42 | €223 | ▲ 429% |
| Gross operating margin9900 | €5k | €5k | €-15k | €12k | €14k | ▲ 23.0% |
| Operating profit (loss)9901 | €1k | €2k | €-17k | €12k | €8k | ▼ 34.2% |
| Financial income75/76B | - | €0 | €0 | - | €0 | - |
| Recurring financial income75 | €10 | €0 | €0 | - | €0 | - |
| Financial charges65/66B | - | €97 | €54 | €59 | €161 | ▲ 175% |
| Recurring financial charges65 | €419 | €97 | €54 | €59 | €161 | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €627 | €2k | €-18k | €12k | €8k | ▼ 35.3% |
| Profit (loss) for the period9904 | €627 | €2k | €-18k | €12k | €8k | ▼ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €627 | €2k | €-18k | €12k | €8k | ▼ 35.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27k | €33k | €19k | €15k | €12k | ▼ 18.4% |
| Fixed assets21/28 | €5k | €6k | €3k | - | €2k | - |
| Tangible fixed assets22/27 | €5k | €6k | €3k | - | €2k | - |
| Land and buildings22 | - | €3k | €1k | - | - | - |
| Plant, machinery and equipment23 | - | €3k | €2k | - | €959 | - |
| Furniture and vehicles24 | - | - | - | - | €1k | - |
| Current assets29/58 | €23k | €27k | €15k | €15k | €10k | ▼ 34.4% |
| Stocks and contracts in progress3 | €1k | €12k | €12k | - | - | - |
| Stocks30/36 | - | €12k | €12k | - | - | - |
| Amounts receivable within one year40/41 | €7k | €4k | €382 | €14k | €4k | ▼ 68.7% |
| Trade receivables40 | - | €4k | €25 | €14k | €3k | ▼ 78.8% |
| Other amounts receivable41 | - | €404 | €357 | €82 | €1k | ▲ 1,668% |
| Cash at bank and in hand54/58 | €14k | €9k | €1k | €991 | €4k | ▲ 349% |
| Deferred charges and accrued income490/1 | - | €779 | €2k | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27k | €33k | €19k | €15k | €12k | ▼ 18.4% |
| Equity10/15 | €-3k | €-1k | €-19k | €-7k | €517 | ▲ 107% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-22k | €-20k | €-37k | €-26k | €-18k | ▲ 29.4% |
| Amounts payable17/49 | €30k | €34k | €38k | €22k | €12k | ▼ 46.5% |
| Amounts payable within one year42/48 | €30k | €34k | €38k | €22k | €12k | ▼ 46.7% |
| Trade debts44 | €962 | - | €101 | €1k | €1k | ▼ 17.6% |
| Suppliers440/4 | - | - | €101 | €1k | €1k | ▼ 17.6% |
| Other amounts payable47/48 | - | €34k | €37k | €21k | €11k | ▼ 48.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €54 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €627 | €2k | €-18k | €12k | €8k | ▼ 35.3% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | - | €7k | - |
| Operating cash flow (approximation) | €2k | €4k | €-15k | €12k | €14k | ▲ 20.7% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | - | - | - |
| Change in cash | - | €-4k | €-8k | €-352 | €3k | ▲ 1,081% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 125 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 152 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 996 days late
23-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 1362 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 182 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bernissart · 1 establishment unit since 2004
Ground area
794 m²
Building footprint
35 m²
Volume, LiDAR
223 m³
Parcel 57009B0742/00C010, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.B. Construct
since 20042.135.068.483
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57009B0742/00C010 | Wallonia | 794 m² | 1 · 35 m² | 7.4 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 29,787 companies in sector 41001 we hold annual accounts for 16,036. 1,040 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
Founded23-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43110Demolition
43120Site preparation
43230Insulation installation
81220Other building cleaning and industrial cleaning
Contact
E-mail
v.b.construct@hotmail.comBernissart
Scores and ratios are computed by Checked and are not a credit decision.