VC-CONSTRUCT
ActiveSummary
VC-CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €139k and a net result of €10k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+2
Solvency91▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 1.6 in 2023; short-term debt: 30.6% and cash: 15.5% of total assets), and 33.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
20 d late
2023
29 d late
2022
31 d late
2021
24 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€139k▲ 7.5%
2023 · €129k
2018: €109k
2019: €111k
2020: €97k
2021: €108k
2022: €118k
2023: €129k
2018 → 2024
Total assets
€210k▼ 34.3%
2023 · €319k
2018: €242k
2019: €229k
2020: €239k
2021: €235k
2022: €264k
2023: €319k
2018 → 2024
Net result
€10k▼ 8.4%
2023 · €11k
2018: €1k
2019: €2k
2020: €-14k
2021: €11k
2022: €10k
2023: €11k
2018 → 2024
Working capital
€116k▲ 4.7%
2023 · €111k
2018: €98k
2019: €100k
2020: €85k
2021: €88k
2022: €97k
2023: €111k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€97k-€108k▲ 11.3%€118k▲ 9.5%€129k▲ 8.9%€139k▲ 7.5%
Operating result€-13k-€11k€14k▲ 31.6%€16k▲ 11.1%€15k▼ 7.2%
Net result€-14k-€11k€10k▼ 6.7%€11k▲ 3.4%€10k▼ 8.4%
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 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €210k
Fixed assets
€29k ▲ 18.0%
Current assets
€180k ▼ 38.7%
Equity and liabilities €210k
Equity
€139k ▲ 7.5%
Debt
€71k ▼ 62.7%
Debt's share of the balance-sheet total falls from 59.5% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €23k
Cash flow
€20k▲
2023 · €18k
Current ratio
2.81▲
2023 · 1.60
Quick ratio
2.36▲
2023 · 1.58
Debt to equity
0.51▼
2023 · 1.47
ROE
7.0%▼
2023 · 8.2%
ROA
4.6%▲
2023 · 3.3%
Interest coverage
176.10▲
2023 · 132.92
Debt ≤ 1 year
€64k▼
2023 · €183k
Income taxes
€5k▼
2023 · €5k
Staff costs
€350▼
2023 · €780
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€319k€210k▼
Fixed assets21/28€25k€29k▲
Tangible fixed assets22/27€25k€29k▲
Land and buildings22€11k€10k▼
Plant, machinery and equipment23€3k€13k▲
Furniture and vehicles24€10k€6k▼
Current assets29/58€294k€180k▼
Stocks and contracts in progress3€4k€29k▲
Stocks30/36€4k€4k▼
Contracts in progress37-€25k
Amounts receivable within one year40/41€185k€117k▼
Trade receivables40€173k€104k▼
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58€104k€32k▼
Deferred charges and accrued income490/1€992€2k▲
Equity and liabilities
Total equity and liabilities10/49€319k€210k▼
Equity10/15€129k€139k▲
Contributions10/11€6k€6k=
Reserves13€33k€42k▲
Tax-exempt reserves132€10k€10k=
Distributable reserves133€23k€32k▲
Profit (loss) carried forward14€90k€90k=
Amounts payable17/49€190k€71k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€183k€64k▼
Financial debts43€5k€4k▼
Credit institutions430/8€5k€4k▼
Trade debts44€137k€26k▼
Suppliers440/4€137k€26k▼
Taxes, remuneration and social security45€5k€11k▲
Taxes450/3€5k€11k▲
Other amounts payable47/48€36k€24k▼
Accrued charges and deferred income492/3€3k€7k▲
Income statement
Code20232024
Remuneration, social security and pensions62€780€350▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€100-
Gross operating margin9900€27k€30k▲
Operating profit (loss)9901€16k€15k▼
Financial income75/76B€12€9▼
Recurring financial income75€12€9▼
Financial charges65/66B€177€141▼
Recurring financial charges65€177€141▼
Profit (loss) for the period before taxes9903€15k€14k▼
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€11k€10k▼
Profit (loss) for the period to be appropriated9905€11k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€101k€100k▼
Profit (loss) brought forward from the previous period14P€90k€90k=
Transfer to equity691/2€11k€10k▼
To other reserves6921€11k€10k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-08
State Gazette act
Incorporation · Founding capital
Corporate purpose · Founder · Iris De Brakeleer
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲11.3%
Equity rises from €97k to €108k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-14k ▼705%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herzele · 2 establishment units since 2005
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.
Tolstraat 459550 HerzeleGround area
2,172 m²
Building footprint
631 m²
Volume, LiDAR
2,411 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VC-CONSTRUCT
since 20052.148.381.734
VC-CONSTRUCT
since 20212.323.429.320
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41067A1141/00B002 | Flanders | 1,305 m² | 1 · 171 m² | 10.2 m · 2 fl. |
| 41031A0272/00L002 | Flanders | 867 m² | 1 · 461 m² | 5.5 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
HERTOGEN et Fils
BE 0455.780.828
Bassenge · Eq €138,729
Etablissements KALBERT
BE 0446.088.548
Ciney · Eq €138,807
B & L SOLUTIONS
BE 0781.715.971
Waimes · Eq €138,873
Raammakers
BE 0684.801.885
Schilde · Eq €138,606
BFE BOIS FORMES & ESPACES
BE 0753.970.310
Anthisnes · Eq €138,603
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
22240Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.