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VCG CONSTRUCT

Active Private limited company (pre-2019)founded 2015active for 11 yearsHenri Deleersstraat 34, 1070 AnderlechtKBO/BCE: BE 0640.704.497
VCG CONSTRUCT
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Overview

Lifetime

10 annual accounts with figures on one time axis
peak €299,237 (2018)
€258,297▲ 9.0%
lowest -€15,858 (2025)
-€15,858▼ €28,741
peak €499,108 (2023)
€337,134▼ 13.4%
€459,011▼ 8.6%
peak 3.7 FTE (2020)
-not published
Board1 name since 2021
1 directorCICCIA GAETANO
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Loss of €15,858Equity from €389,491 to €337,134

Key points

from the 2025 annual accounts

Staff

3 employees on 31-12-2025
022023102024102025

In 2025, 1 person joined and nobody left.

Filings

10 annual accounts 7 late
AprilJune31 JulyOctober20202025

The 2021 accounts came latest: 61 days after the end of the period.

Position in the sector

-€15,858

Lower net result than 91% of companies in specialised construction. Sector median €10,189 · 35,113 companies.

Checked score

93
Excellent
Financially stronger than 43% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.3 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

67-2equity 42.3% of total assets
82=short-term debt 38.8% · cash 40.3%
49-22return on assets -2.0%

Score breakdown

raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €796,145
Liquidity: current ratio 2.44, cash €320,871
Figures for financial year 2025 (filed on 21-08-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 45% of them on solvency, 80% on liquidity, 23% on profitability and 22% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,908 companies had the same profile as VCG CONSTRUCT has now. Each dot stands for 18 companies, two years later.

90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VCG CONSTRUCT itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,908 companies, not a prediction for VCG CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.44 (2.33 in 2024), above the usual 1.5. Short-term debt is 38.8% and cash 40.3% of total assets. However, 57.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €796,145
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Liquidity: current ratio 2.44, cash €320,871
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 21-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
19 days late
2024
35 days early
2023
27 days late
2022
31 days late
2021
61 days late
2020
30 days late
2019
48 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CG
CICCIA GAETANO
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0640704497
First establishment Henri Deleersstraat 34, Anderlecht
Incorporation published on 09-10-2015 · Gazette deed
All 17 events

Comparable companies

same main activity, similar in size and age
Company
VCG CONSTRUCT Anderlecht €796,145 €258,297 42.3% -
CLIM POLAIRE Quaregnon €744,029 €302,495 59.8% -
SILEX Zandhoven €825,679 €205,182 60.4% -
VENTILATION CONCEPT Anderlecht €500,309 €240,633 37.0% -
INDEXPLUS Evere €617,215 €324,089 15.2% -
M.N. CONSTRUCT Etterbeek €740,303 €157,689 41.5% 1
CMD CONSTRUCT Ganshoren €989,248 €176,688 17.9% -

These companies have the same main activity as VCG CONSTRUCT: other construction installation (NACE 43240). They are comparable in size and age: total assets between €500,000 and €989,000, founded between 2013 and 2016.

Official details

Source: KBO
Status
Active since 07-10-2015Normal situation
Activity
Other construction installationNACE 43240and 5 others
Establishment unit
2.246.196.3361070 Anderlecht, since 12-10-2015
Financial year end
31 December
Peppol
Reachable since 09-10-2025
Company details

Annual accounts 2025

€258,297▲ 9.0%
≈ €640,000estimated
€15,858
€337,134▼ 13.4%
€796,145▼ 10.7%
Employeeson 31-12-2025
3=
Filing
Filed on 19-08-2026
Financials

Insights on VCG CONSTRUCT

VCG CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €195,870 in 2016 to €258,297 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 19-08-2026, 19 days late
€258,297
▲ 9.0%
-€3,601
▼ €29,902
€25,730
▼ 51.4%
€13,474
▼ 65.9%
42.3%
▼ 1.3 percentage points
2.44
▲ 0.10

The turnover shown is an estimate from the gross margin.

Turnover ≈ €640,000. Estimated: probably between €490,000 and €830,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €796,145 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

42.3%

Higher than 45% of 35,125 companies in 2025.

2.44

Higher than 63% of 34,499 companies in 2025.

-2.0%

Higher than 19% of 34,700 companies in 2025.

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

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

Staff

€69,454

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 1 person joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 796,145891,842663,796933,961643,365653,412500,631570,165540,894343,732
21/28 43,28369,2879,43928,40013,37616,0137,72910,42115,15519,511
22/27 36,66662,6702,82221,7956,7719,4131,1293,8216,05510,411
23 3,282---------
24 33,38462,6702,82221,7956,7719,4131,1293,8216,05510,411
28 6,6176,6176,6176,6056,6056,6006,6006,6009,1009,100
29/58 752,862822,556654,357905,561629,989637,399492,902559,744525,738324,221
29 78,26292,80999,984141,63198,44492,19264,80367,005--
290 78,26292,80999,984141,63198,44492,19264,80367,005--
3 48,18650,72048,67050,52051,77532,255----
30/36 48,18650,72048,67050,52051,77532,255----
40/41 305,457315,322303,409349,035269,579303,934168,078182,692311,439236,366
40 213,980199,858208,033286,733212,716249,638131,401151,156271,287208,200
41 91,477115,46495,37662,30156,86254,29636,67731,53740,15228,166
54/58 320,871360,194202,294288,859210,192209,018253,210305,197214,30087,855
490/1 863,511-75,516--6,8114,850--
Balance sheet: equity and liabilities
10/49 796,145891,842663,796933,961643,365653,412500,631570,165540,894343,732
10/15 337,134389,491499,108464,052456,968454,492421,181371,280247,766139,587
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
100 -----18,60018,60018,60018,60018,600
11 --18,60018,60018,600-----
1100/10 ----18,600-----
1109/19 --18,60018,600------
13 87,860124,360216,860181,860181,860181,860151,860101,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860----
130 -----1,8601,8601,8601,8601,860
1319 1,8601,8601,8601,8601,860-----
133 86,000122,500215,000180,000180,000180,000150,000100,000--
14 230,674246,531263,648263,592256,508254,032250,721250,820227,306119,127
17/49 459,011502,351164,688469,908186,396198,92179,451198,885293,127204,145
17 150,000150,000-125,000----1,21115,126
170/4 150,000150,000-125,000------
178/9 --------1,21115,126
42/48 309,011352,351164,688344,908186,396198,92179,451198,885291,916189,019
43 ---------2,109
430/8 ---------2,109
44 272,492285,760125,797308,358150,540167,25269,567120,708253,916137,575
440/4 272,492285,760125,797308,358150,540167,25269,567120,708253,916137,575
45 36,51944,64238,05135,97735,85631,6689,85478,17738,00049,335
450/3 19,66126,00025,50019,93511,74310,054-71,30438,00049,335
454/9 16,85818,64212,55116,04224,11321,6149,8546,874--
47/48 -21,949839573--30---
Income statement
70 --------1.7m1.4m
76A 450-12,569195--1,500-370-
9900 258,297236,891281,160217,793204,769217,300251,267299,237258,335195,870
60/61 -----1.7m1.6m1.1m1.4m1.2m
62 208,361175,505205,431183,997183,309158,503170,674129,87457,589-
630 29,33126,6652,5424,5713,4764,4292,6914,1834,2046,167
640/8 24,2058,4206,57111,4314,6722,3144,2867,9959,904581
66A --------10,368-
9901 -3,60126,30166,61617,79513,31252,05473,616157,185186,639189,122
75/76B -012-5-1,50027,580-9
75 -012-5--27,580-9
76B ------1,500---
65/66B 6,6034,7766,2481,9391,3221,2438412,84310,684144
65 6,6034,7766,2481,9391,3221,2438412,843316144
66B --------10,368-
9903 -10,20421,52560,38015,85611,99550,81174,275181,923175,954188,987
67/77 5,6548,64225,3248,7729,51817,50024,37448,40967,77568,000
9904 -15,85812,88335,0567,0842,47733,31149,901133,514108,179120,987
9905 -15,85812,88335,0567,0842,47733,31149,901133,514108,179120,987
Appropriation of the result
9906 230,674276,531298,648263,592256,508284,032300,721360,820227,306120,987
14P 246,531263,648263,592256,508254,032-----
691/2 --35,000--30,00050,000110,000-1,860
6920 ---------1,860
6921 --35,000--30,00050,000110,000--
694/7 -30,000--------
694 -30,000--------
Social balance sheet
9087 333-3.73.73.63.11.4-
Hours worked1013 5,2355,2355,695-5,9534,4786,6745,4642,358-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 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 19-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00411292.

Financial year Type Filed Reference Document
31-12-2025 micro format 19-08-2026 2026-00411292 PDF
31-12-2024 micro format 26-06-2025 2025-00184463 PDF
31-12-2023 full format 27-08-2024 2024-00381276 PDF
31-12-2022 full format 31-08-2023 2023-00403896 PDF
31-12-2021 full format 30-09-2022 2022-20457018 PDF
31-12-2020 full format 30-08-2021 2021-63900278 PDF
31-12-2019 full format 17-09-2020 2020-53800511 PDF
31-12-2018 full format 05-08-2019 2019-43900004 PDF
31-12-2017 full format 25-06-2018 2018-22500195 PDF
31-12-2016 full format 27-06-2017 2017-21800328 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
25,73052,96669,15822,36516,78856,48376,307161,368190,842195,289
13,47439,54837,59911,6545,95337,74052,592137,697112,383127,154
3,32886,5131219,59583912,72101,94995825,678
-39,323157,900-86,56578,6671,174-44,192-51,98790,897126,445-
443,851470,205489,670560,652443,593438,478413,451360,859233,822135,202
--------11.0%13.2%
42.3%43.7%75.2%49.7%71.0%69.6%84.1%65.1%45.8%40.6%
2.442.333.972.633.383.206.202.811.801.72
2.282.193.682.483.103.046.202.811.801.72
1.361.290.331.010.410.440.190.541.181.46
-4.7%3.3%7.0%1.5%0.5%7.3%11.8%36.0%43.7%86.7%
-2.0%1.4%5.3%0.8%0.4%5.1%10.0%23.4%20.0%35.2%
3.9011.0911.0711.5312.70-----
--------58 days53 days
-----36 days16 days39 days64 days41 days

EBIT margin: not included in this filing.

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-2021
Employees at the balance-sheet date3325
full-time3323
part-time---2
in full-time equivalents3323.7
3333.7
On a permanent contract3325
Joined110-
Left002-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,328€86,513-€19,595€834
Financial fixed assets--€12-€5
€29,331€26,665€2,542€4,571€3,476

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

Insights on VCG CONSTRUCT

The operating result for 2025 is a loss of €3,601, after a profit of €26,301 in 2024. It is the lowest result since 2016.

Debt's share of the balance-sheet total rises from 56.3% to 57.7%. Equity and debt are lower.

Board & ownership

Board

1 director
CICCIA GAETANO
Director
listed in the 2021 annual accounts, filed on 30-09-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
CICCIA GAETANO
Director
Boardmandate already running before its first mention
Mandates as a list
  • CICCIA GAETANO
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€18,600
Source
2025 annual accounts

Network & group

No group

VCG CONSTRUCT has no parent and no holdings in its annual accounts. CICCIA GAETANO is the only director. VCG CONSTRUCT shares no director with another company.

At the same address

Henri Deleersstraat 34, 1070 Anderlecht · 3 other companies
NEIRYNCK SECURITY
registered office since 18-02-2000 · founded in 1986
 turnover €858,706 (2025)
0428.740.394
VCG RENOV
registered office since 26-09-2020 · founded in 2020
 total assets €73,866 (2025)
0754.932.885
TOUFI.TEX
establishment since 15-04-2015
 founded in 2015
0628.575.242

Timeline

Timeline

17 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 19 days late
2025
Weakest financial year net -€15,858 The net result drops to -€15,858, the lowest from 2016 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0640704497
Annual accounts 2024 filed PDFmicro format · 35 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 27 days late
2023
Annual accounts 2022 filed PDFfull format · 31 days late
2022
Annual accounts 2021 filed PDFfull format · 61 days late
2021
Annual accounts 2020 filed PDFfull format · 30 days late
2020
Annual accounts 2019 filed PDFfull format · 48 days late
2019
Liquidity more than doubled current ratio 6.20 The current ratio rises from 2.81 to 6.20. Short-term debt falls from €198,885 to €79,451.
Annual accounts 2018 filed PDFfull format · 5 days late
2018
Highest result from 2016 to 2025 net €133,514 ▲23.4% The net result of €133,514 is the highest of those years.
Annual accounts 2017 filed PDFfull format · 36 days before the deadline
2017
Equity above €200,000 equity €247,766 ▲77.5% With a profit in every financial year since 2016, equity grows to €247,766.
Annual accounts 2016 filed PDFfull format · 34 days before the deadline
2015
First establishment Henri Deleersstraat 34, Anderlecht
Incorporation PDFpublished on 09-10-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VCG CONSTRUCT was incorporated on 7 October 2015.1 Total assets rose from €570,165 in 2018 to €796,145 in 2025 and headcount from 3.1 to 3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0640.704.497
VAT number
BE 0640.704.497
Peppol ID
0208:0640704497
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
07-10-2015
Financial year
ends on 31 December
Peppol
Reachable since 09-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VCG CONSTRUCT in French
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
43240 Other construction installation main activity
43120 Site preparation
43230 Insulation installation
43310 Plastering work
43422 Screed work
43990 Other specialised construction activities
Social security (RSZ) activities
43990 Other specialised construction activities main activity
Codes under NACEBEL 2008
VAT activities
43299 Specialised construction activities main activity
43120 Site preparation
43291 Specialised construction activities
43310 Plastering work
43995 Specialised construction activities
43996 Specialised construction activities
Social security (RSZ) activities
43995 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Henri Deleersstraat 34 registered office 1070 Anderlecht 23510 Manufacture of other non-metallic mineral products 12-10-2015 2.246.196.336

Buildings and parcels at the address

Ground area
137 m²
Buildings
137 m²
Volume, LiDAR
1,365 m³
Tallest building
12.4 m
Buildings to scale, each on its own parcel
136 m², 12.4 m 136 m², 12.4 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21306D0341/00F002136 m² 1 · 136 m² 12.4 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0640.704.497

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