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VC-CONSTRUCT

Active Private limited companyfounded 2005active for 21 yearsTolstraat 45, 9550 HerzeleKBO/BCE: BE 0875.404.511
VC-CONSTRUCT
Financial year 2025
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Annual accounts 2025

micro format, filed on 29-06-2026, 32 days before the deadline
€28,876
▼ 3.9%
€10,577
▼ 27.1%
€7,037
▼ 27.4%
€113,114
▼ 2.5%
54.2%
▼ 12.0 percentage points
2.16
▼ 0.65

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €130,000 and €290,000.

Balance sheet

balance sheet total €269,139 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

54.2%

Higher than 58% of 37,240 companies in 2025.

2.16

Higher than 58% of 36,534 companies in 2025.

2.6%

Higher than 35% of 36,769 companies in 2025.

VC-CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 269,139209,568318,915263,566235,342238,711229,370242,373169,331156,320183,205165,907178,045176,516162,525155,114125,172129,39384,13079,864
21/28 58,51129,48624,99731,77234,58738,76624,10032,6006,44511,4908,15812,5348,71215,80219,60710,04314,0318,4796,2658,419
22/27 58,51129,48624,99731,77234,58738,76624,10032,6006,44511,4908,15812,5348,71215,80219,60710,04314,0318,4796,2658,419
22 9,19910,13611,07212,009----------144288432575--
23 7,70313,1143,4424,67713,97615,60024,10032,6006,44511,4907,53511,2892,5944,8125,6537,63610,4222,4912,7402,544
24 41,6096,23610,48315,08620,61123,166----6231,2456,11810,99013,8092,1193,1785,4133,5255,875
29/58 210,629180,083293,918231,794200,755199,945205,270209,773162,886144,830175,047153,374169,332160,714142,918145,072111,141120,91577,86571,445
3 8,11529,0434,14547,75893,93667,81055,00856,25681,34455,10565,80437,50433,81141,67332,70850,69947,10029,54912,8107,506
30/36 8,1154,0434,14529,40958,14052,81045,00846,25648,20845,10545,80437,50433,81134,17332,70833,36532,50829,54912,8107,506
37 -25,000-18,34935,79615,00010,00010,00033,13610,00020,000--7,500-17,33514,591---
40/41 118,116116,674184,664146,53471,11081,909119,846121,13342,37585,15270,68280,048108,61889,57986,23352,83634,41251,06033,99427,346
40 103,990103,585172,779146,53460,69078,587112,365117,41542,37382,00964,18079,362104,18485,66386,23348,47930,34448,94633,18822,253
41 14,12613,09011,885-10,4203,3227,4803,71833,1436,5026864,4353,916-4,3584,0682,1148065,093
54/58 82,05032,483104,11729,98934,52848,63630,41631,07437,8574,57338,54135,23926,23328,64623,17340,14528,27634,69329,79835,916
490/1 2,3481,8839927,5131,1811,591-1,3101,310-205836718168041,3911,3535,6131,263677
Balance sheet: equity and liabilities
10/49 269,139209,568318,915263,566235,342238,711229,370242,373169,331156,320183,205165,907178,045176,516162,525155,114125,172129,39384,13079,864
10/15 145,792138,755129,058118,468108,22297,246111,298108,974107,589105,550101,81097,97691,78083,41278,47672,53162,93146,93037,25426,354
10/11 6,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,3006,300
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------12,30012,30012,30012,30012,30012,30012,30012,30012,30012,30012,30012,30012,30012,300
13 49,45742,42032,72222,13311,88711,88711,88711,88711,88711,88711,88711,88711,88711,88711,88711,88711,88711,88711,88710,532
130/1 ---1,8601,8601,860--------------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860505
1311 ---1,8601,8601,860--------------
132 10,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,02710,027
133 39,43032,39322,69510,245----------------
14 90,03590,03590,03590,03590,03579,05993,11190,78789,40287,36383,62379,78973,59265,22560,28954,34444,74428,74319,0679,522
17/49 123,34770,813189,858145,098127,119141,465118,072133,39961,74250,77081,39567,93186,26593,10484,04882,58362,24182,46346,87653,510
17 19,112-3,8468,92114,45825,62312,83220,2384,925-1,2295,2154,9929,335--3,586-2,6776,528
170/4 19,112-3,8468,92114,45825,62312,83220,2384,925-1,2295,2154,9929,335--3,586-2,6776,528
42/48 97,51564,093183,131134,936112,661114,600105,240111,91955,57549,74369,84561,71680,19482,21782,06680,98058,65682,46343,79946,682
42 5,116--------1,2293,9868,0504,3434,103-3,5863,4142,6773,8523,664
43 -3,8465,0755,53711,16510,9947,4057,553------------
430/8 -3,8465,0755,53711,16510,9947,4057,553------------
44 64,85126,084136,54363,28358,39957,51056,08858,45738,20832,24249,24340,45157,68156,36064,19459,16344,01669,19617,22724,608
440/4 64,85126,084136,54363,28358,39957,51056,08858,45738,20832,24249,24340,45157,68156,36064,19459,16344,01669,19617,22724,608
46 -------------12,010------
45 9,28910,5885,0756,9733,5253,460-4,9464,9865,1596,2895,10810,0771,8919,95610,5273,6563,97211,0706,961
450/3 9,28910,5885,0753,478---1,6001,6001,6992,7765,1082,9861,8916,6367,1993,6563,9727,5603,677
454/9 ---3,4953,5253,460-3,3463,3863,4603,513-7,090-3,3203,328--3,5103,284
47/48 18,25923,57536,43959,14239,57242,63641,74740,96512,38011,11410,3268,1078,0937,8547,9177,7047,5696,61911,65011,449
492/3 6,7206,7202,8801,242-1,242-1,2421,2421,02710,3221,0001,0791,5521,9821,603--400300
Income statement
76A 2,893-----------357---454---
9900 28,87630,05327,43530,97126,204-1,15914,40719,37610,01613,56010,22219,33821,44819,08618,65618,83528,68820,64520,98730,199
62 708350780-21280-----310--------
630 13,65410,3897,83614,94812,97710,3348,50012,8455,0446,6694,3768,7198,4129,1758,1014,4536,5555,6493,8314,907
640/8 3,9374,7983,0771,9462,3159417657481,2698268958589498948638459331,0151,9691,328
66A --100----124-296--110237------
9901 10,57714,51515,64214,07710,700-12,5145,1435,6593,7035,7704,9519,45212,0889,0189,69213,53721,20013,98115,18723,964
75/76B 4891208230--0-5012553211181563410049
75 4891208230--0-5012553211181563410049
65/66B 3621411773535461,5382,8184,274643315021,1349992,1541,599495142403461311
65 3621411773535461,5382,8184,274643315021,1349992,1541,599495142403461311
9903 10,26314,38215,47813,72410,976-14,0522,3241,3853,6395,4394,4998,31911,3606,6798,11413,16021,66913,61214,82623,702
67/77 3,2264,6854,8883,478----1,6001,6996662,1222,9921,7442,1693,5605,6673,9373,9263,648
9904 7,0379,69810,59010,24510,976-14,0522,3241,3852,0393,7403,8336,1978,3684,9355,9459,60016,0019,67610,90020,054
689 -------------------10,027
9905 7,0379,69810,59010,24510,976-14,0522,3241,3852,0393,7403,8336,1978,3684,9355,9459,60016,0019,67610,90010,027
Appropriation of the result
9906 97,07299,733100,625100,28190,03579,05993,11190,78789,40287,36383,62379,78973,59265,22560,28954,34444,74428,74320,42210,027
14P 90,03590,03590,03590,03579,059---------------
691/2 7,0379,69810,59010,245--------------1,355505
6920 ------------------1,355505
6921 7,0379,69810,59010,245----------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 29-06-2026 2026-00214147 PDF
31-12-2024 micro format 20-08-2025 2025-00384778 PDF
31-12-2023 micro format 29-08-2024 2024-00392852 PDF
31-12-2022 micro format 31-08-2023 2023-00398268 PDF
31-12-2021 micro format 24-08-2022 2022-20315204 PDF
31-12-2020 micro format 30-08-2021 2021-57400283 PDF
31-12-2019 micro format 30-09-2020 2020-57700046 PDF
31-12-2018 micro format 27-08-2019 2019-52600598 PDF
31-12-2017 micro format 31-08-2018 2018-59300519 PDF
31-12-2016 micro format 25-07-2017 2017-35800223 PDF
31-12-2015 abbreviated format 30-08-2016 2016-53100581 PDF
31-12-2014 abbreviated format 17-08-2015 2015-43100378 PDF
31-12-2013 abbreviated format 26-08-2014 2014-47800396 PDF
31-12-2012 abbreviated format 23-08-2013 2013-46000115 PDF
31-12-2011 abbreviated format 22-08-2012 2012-43600101 PDF
31-12-2010 abbreviated format 29-08-2011 2011-48200275 PDF
31-12-2009 abbreviated format 24-08-2010 2010-43600056 PDF
31-12-2008 abbreviated format 24-08-2009 2009-61200152 PDF
31-12-2007 abbreviated format 09-07-2008 2008-37900350 PDF
31-12-2006 abbreviated format 20-08-2007 2007-57100384 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
24,23124,90423,47929,02523,676-2,18013,64318,5048,74712,4399,32718,17020,50018,19217,79317,99027,75519,63019,01828,871
20,69120,08718,42625,19423,953-3,71810,82414,2307,08410,4098,20914,91616,78014,11014,04614,05322,55615,32514,73124,961
42,67814,8781,06112,1348,79725,000039,000010,001012,5401,3225,37017,66546412,1087,8621,67813,326
49,567-71,63474,127-4,538-14,10818,219-658-6,78333,284-33,9683,3029,006-2,4135,474-16,97211,869-6,4174,895-6,118-
113,114115,989110,78796,85888,09485,345100,03097,853107,31195,087105,20391,65889,13878,49760,85264,09252,48538,45134,06624,763
54.2%66.2%40.5%44.9%46.0%40.7%48.5%45.0%63.5%67.5%55.6%59.1%51.5%47.3%48.3%46.8%50.3%36.3%44.3%33.0%
2.162.811.601.721.781.741.951.872.932.912.512.492.111.951.741.791.891.471.781.53
2.082.361.581.360.951.151.431.371.471.801.561.881.691.451.341.171.091.111.491.37
0.850.511.471.221.171.451.061.220.570.480.800.690.941.121.071.140.991.761.262.03
4.8%7.0%8.2%8.6%10.1%-14.4%2.1%1.3%1.9%3.5%3.8%6.3%9.1%5.9%7.6%13.2%25.4%20.6%29.3%76.1%
2.6%4.6%3.3%3.9%4.7%-5.9%1.0%0.6%1.2%2.4%2.1%3.7%4.7%2.8%3.7%6.2%12.8%7.5%13.0%25.1%
66.93over 100over 10082.1743.35---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€42,678€14,878€1,061€12,134€8,797
€13,654€10,389€7,836€14,948€12,977

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VC-CONSTRUCT

The operating result for 2025 is 27% lower than in 2024 and the lowest since 2020. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 33.8% to 45.8%. Equity and debt are higher.

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