VCC +
ActiveSummary
VCC + has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,575 and a net result of -€5,637. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 7524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-24
Solvency64▼-36
Growth55=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 3.56 in 2024; short-term debt: 61.4% and cash: 24.8% of total assets), and 61.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
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
38.6%
Return on assets
-6.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
4 d late
2023
26 d late
2022
22 d late
2021
8 d late
2020
20 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€121,721▲ 28.5%
2022 · €94,705
EBIT margin
6.5%▼ 10.6pp
2022 · 17.1%
Net result
-€5,637
2024 · €5,053
Working capital
€11,971▼ 70.8%
2024 · €41,001
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€86,225▼ 5.1%€94,705▲ 9.8%€121,721
Operating result€17,289▲ 19.7%€16,201▼ 6.3%€5,982▼ 63.1%€7,933▲ 32.6%-€2,722
Net result€11,228▲ 23.5%€9,789▼ 12.8%€3,858▼ 60.6%€5,053▲ 31.0%-€5,637
EBIT margin20.1%▲ 4.1pp17.1%▼ 2.9pp6.5%
Equity€59,218▲ 23.4%€69,007▲ 16.5%€72,865▲ 5.6%€77,918▲ 6.9%€34,575▼ 55.6%
Total assets€114,776▼ 5.2%€114,883▲ 0.1%€107,060▼ 6.8%€93,958▼ 12.2%€89,515▼ 4.7%
Debt€55,558▼ 23.9%€45,877▼ 17.4%€34,195▼ 25.5%€16,039▼ 53.1%€54,940▲ 243%
Working capital€36,133▲ 54.3%€46,016▲ 27.4%€18,815▼ 59.1%€41,001▲ 118%€11,971▼ 70.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,722 after €7,933 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,515
Fixed assets
€22,604 ▼ 38.8%
Current assets
€66,910 ▲ 17.3%
Equity and liabilities €89,515
Equity
€34,575 ▼ 55.6%
Debt
€54,940 ▲ 243%
Debt's share of the balance-sheet total rises from 17.1% to 61.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,069▼
2024 · €25,065
Cash flow
€12,154▼
2024 · €22,186
Current ratio
1.22▼
2024 · 3.56
Debt to equity
1.59▲
2024 · 0.21
ROE
-16.3%▼
2024 · 6.5%
ROA
-6.3%▼
2024 · 5.4%
Interest coverage
5.91▼
2024 · 90.67
Debt ≤ 1 year
€54,940▲
2024 · €16,039
Income taxes
€736▼
2024 · €3,032
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €86,225 | €94,705 | - | €121,721 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €65,070 | €66,083 | €83,522 | €111,583 | - | - |
| Remuneration, social security and pensions62 | €1,386 | - | €1,120 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,677 | €11,677 | €15,755 | €17,132 | €17,791 | ▲ 3.8% |
| Other operating charges640/8 | €1,761 | €744 | €881 | €764 | €16,110 | ▲ 2,009% |
| Gross operating margin9900 | €32,114 | €28,622 | €23,738 | €25,829 | €31,179 | ▲ 20.7% |
| Operating profit (loss)9901 | €17,289 | €16,201 | €5,982 | €7,933 | -€2,722 | ▼ 134% |
| Financial income75/76B | €0 | €95 | €1,002 | €429 | €371 | ▼ 13.7% |
| Recurring financial income75 | €0 | €95 | €1,002 | €429 | €371 | ▼ 13.7% |
| Financial charges65/66B | €775 | €611 | €442 | €276 | €2,550 | ▲ 822% |
| Recurring financial charges65 | €775 | €611 | €442 | €276 | €2,550 | ▲ 822% |
| Profit (loss) for the period before taxes9903 | €16,515 | €15,686 | €6,542 | €8,086 | -€4,901 | ▼ 161% |
| Income taxes67/77 | €5,287 | €5,897 | €2,683 | €3,032 | €736 | ▼ 75.7% |
| Profit (loss) for the period9904 | €11,228 | €9,789 | €3,858 | €5,053 | -€5,637 | ▼ 212% |
| Profit (loss) for the period to be appropriated9905 | €11,228 | €9,789 | €3,858 | €5,053 | -€5,637 | ▼ 212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,776 | €114,883 | €107,060 | €93,958 | €89,515 | ▼ 4.7% |
| Fixed assets21/28 | €46,423 | €34,745 | €54,050 | €36,917 | €22,604 | ▼ 38.8% |
| Tangible fixed assets22/27 | €46,423 | €34,745 | €54,050 | €36,917 | €22,604 | ▼ 38.8% |
| Plant, machinery and equipment23 | €0 | €0 | €14,956 | €13,399 | €12,629 | ▼ 5.7% |
| Furniture and vehicles24 | €46,423 | €34,745 | €39,094 | €23,519 | €9,976 | ▼ 57.6% |
| Current assets29/58 | €68,353 | €80,138 | €53,010 | €57,040 | €66,910 | ▲ 17.3% |
| Amounts receivable within one year40/41 | €26,077 | €57,202 | €47,639 | €47,408 | €41,624 | ▼ 12.2% |
| Trade receivables40 | €26,077 | €47,202 | €47,202 | €47,135 | €18,214 | ▼ 61.4% |
| Other amounts receivable41 | €0 | €10,000 | €437 | €273 | €23,410 | ▲ 8,467% |
| Cash at bank and in hand54/58 | €42,276 | €22,936 | €5,371 | €8,059 | €22,178 | ▲ 175% |
| Deferred charges and accrued income490/1 | - | - | - | €1,574 | €3,109 | ▲ 97.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,776 | €114,883 | €107,060 | €93,958 | €89,515 | ▼ 4.7% |
| Equity10/15 | €59,218 | €69,007 | €72,865 | €77,918 | €34,575 | ▼ 55.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €12,400 | €12,400 | €12,400 | - | - | - |
| Other1109/19 | €12,400 | €12,400 | €12,400 | - | - | - |
| Reserves13 | €48,934 | €58,723 | €58,723 | €63,776 | €26,070 | ▼ 59.1% |
| Distributable reserves133 | €48,934 | €58,723 | €58,723 | €63,776 | €26,070 | ▼ 59.1% |
| Profit (loss) carried forward14 | -€2,117 | -€2,117 | €1,742 | €1,742 | -€3,895 | ▼ 324% |
| Amounts payable17/49 | €55,558 | €45,877 | €34,195 | €16,039 | €54,940 | ▲ 243% |
| Amounts payable after more than one year17 | €23,338 | €11,755 | €0 | €0 | - | - |
| Financial debts170/4 | €23,338 | €11,755 | €0 | €0 | - | - |
| Amounts payable within one year42/48 | €32,220 | €34,122 | €34,195 | €16,039 | €54,940 | ▲ 243% |
| Current portion of amounts payable after more than one year42 | €11,414 | €11,583 | €11,755 | €0 | - | - |
| Trade debts44 | €8,940 | €8,261 | €5,710 | €3,276 | €7,878 | ▲ 140% |
| Suppliers440/4 | €8,940 | €8,261 | €5,710 | €3,276 | €7,878 | ▲ 140% |
| Taxes, remuneration and social security45 | €11,866 | €14,278 | €16,730 | €12,764 | €9,355 | ▼ 26.7% |
| Taxes450/3 | €9,747 | €12,728 | €13,210 | €12,764 | €7,315 | ▼ 42.7% |
| Remuneration and social security454/9 | €2,119 | €1,550 | €3,520 | €0 | €2,040 | - |
| Other amounts payable47/48 | €0 | €0 | €0 | - | €37,707 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,228 | €9,789 | €3,858 | €5,053 | -€5,637 | ▼ 212% |
| + Depreciation and write-downs630 | €11,677 | €11,677 | €15,755 | €17,132 | €17,791 | ▲ 3.8% |
| Operating cash flow (approximation) | €22,905 | €21,466 | €19,614 | €22,186 | €12,154 | ▼ 45.2% |
| Investment in fixed assets (approximation) | - | €0 | -€35,060 | €0 | -€3,478 | - |
| Change in cash | - | -€19,340 | -€17,565 | €2,688 | €14,119 | ▲ 425% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet -€5,637
Net result drops to -€5,637, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.55 to 3.56; short-term debt falls from €34,195 to €16,039.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Haaltert · 1 establishment unit since 2015
Ground area
2,571 m²
Building footprint
178 m²
Volume, LiDAR
788 m³
Parcel 41025A0720/00H000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VCC +
since 20152.248.844.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41025A0720/00H000 | Flanders | 2,571 m² | 1 · 178 m² | 6.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,199 EUR awarded · 2,051 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,185 EUR | 1,037 EUR |
| 2024 | 1 | 798 EUR | 798 EUR |
| 2023 | 1 | 216 EUR | 216 EUR |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,655 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
Founded11-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644441967
Registered
05-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.