VD Build
ActiveSummary
The computed 12-month bankruptcy probability of VD Build is 2.1% (moderate). The 2025 annual accounts show equity of €65k and a net result of €-12k. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-75
Solvency80▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 3.26 in 2024; short-term debt: 45% and cash: 32.6% of total assets), and 45% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
55%
Return on assets
-10.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
50 d late
2023
27 d early
2022
60 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▼ 16.0%
2024 · €78k
2020: €109lowest in 6 years
2021: €28k▲ +26035% vs 2020
2022: €47k▲ +64.3% vs 2021
2023: €67k▲ +43.5% vs 2022
2024: €78k▲ +15.6% vs 2023highest in 6 years
2025: €65k▼ -16.0% vs 2024
2020 → 2025
Total assets
€118k▲ 7.0%
2024 · €111k
2020: €37klowest in 6 years
2021: €85k▲ +127% vs 2020
2022: €79k▼ -6.5% vs 2021
2023: €100k▲ +26.9% vs 2022
2024: €111k▲ +10.3% vs 2023
2025: €118k▲ +7.0% vs 2024highest in 6 years
2020 → 2025
Net result
€-12k
2024 · €10k
2020: €10k
2021: €38k▲ +272% vs 2020highest in 6 years
2022: €18k▼ -52.3% vs 2021
2023: €20k▲ +11.2% vs 2022
2024: €10k▼ -48.4% vs 2023
2025: €-12k▼ -218% vs 2024lowest in 6 years
2020 → 2025
Working capital
€63k▼ 15.6%
2024 · €75k
2020: €189lowest in 6 years
2021: €28k▲ +14829% vs 2020
2022: €45k▲ +58.2% vs 2021
2023: €65k▲ +46.4% vs 2022
2024: €75k▲ +15.0% vs 2023highest in 6 years
2025: €63k▼ -15.6% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€47k▲ 64.3%€67k▲ 43.5%€78k▲ 15.6%€65k▼ 16.0%
2021: €28klowest in 5 years
2022: €47k▲ +64.3% vs 2021
2023: €67k▲ +43.5% vs 2022
2024: €78k▲ +15.6% vs 2023highest in 5 years
2025: €65k▼ -16.0% vs 2024
Operating result€46k-€23k▼ 50.4%€26k▲ 12.9%€13k▼ 48.9%€-14k
2021: €46khighest in 5 years
2022: €23k▼ -50.4% vs 2021
2023: €26k▲ +12.9% vs 2022
2024: €13k▼ -48.9% vs 2023
2025: €-14k▼ -205% vs 2024lowest in 5 years
Net result€38k-€18k▼ 52.3%€20k▲ 11.2%€10k▼ 48.4%€-12k
2021: €38khighest in 5 years
2022: €18k▼ -52.3% vs 2021
2023: €20k▲ +11.2% vs 2022
2024: €10k▼ -48.4% vs 2023
2025: €-12k▼ -218% vs 2024lowest in 5 years
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 €14k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€2k ▼ 28.6%
Current assets
€117k ▲ 7.8%
Equity and liabilities €118k
Equity
€65k ▼ 16.0%
Debt
€53k ▲ 60.5%
Debt's share of the balance-sheet total rises from 30.0% to 45.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €14k
Cash flow
€-12k▼
2024 · €11k
Current ratio
2.19▼
2024 · 3.26
Debt to equity
0.82▲
2024 · 0.43
ROE
-19.0%▼
2024 · 13.5%
ROA
-10.5%▼
2024 · 9.5%
Interest coverage
-58.77▼
2024 · 197.58
Debt ≤ 1 year
€53k▲
2024 · €33k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€111k€118k▲
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€591€355▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€108k€117k▲
Amounts receivable within one year40/41€67k€76k▲
Trade receivables40€38k€48k▲
Other amounts receivable41€29k€28k▼
Cash at bank and in hand54/58€40k€39k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€111k€118k▲
Equity10/15€78k€65k▼
Contributions10/11€100€100=
Reserves13€77k€65k▼
Distributable reserves133€77k€65k▼
Amounts payable17/49€33k€53k▲
Amounts payable within one year42/48€33k€53k▲
Trade debts44€21k€51k▲
Suppliers440/4€21k€51k▲
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€471€702▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€1k€879▼
Gross operating margin9900€15k€-11k▼
Operating profit (loss)9901€13k€-14k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€1k€2k▲
Non-recurring financial income76B€342€50▼
Financial charges65/66B€1k€224▼
Recurring financial charges65€69€224▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€14k€-12k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€10k€-12k▼
Profit (loss) for the period to be appropriated9905€10k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€77k€-12k▼
Profit (loss) brought forward from the previous period14P€67k-
Transfer from equity791/2-€12k
Transfer to equity691/2€77k-
To other reserves6921€77k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30 | €90 | €468 | €471 | €702 | ▲ 49.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1k | - |
| Other operating charges640/8 | €995 | €860 | €1k | €1k | €879 | ▼ 31.0% |
| Gross operating margin9900 | €47k | €24k | €28k | €15k | €-11k | ▼ 173% |
| Operating profit (loss)9901 | €46k | €23k | €26k | €13k | €-14k | ▼ 205% |
| Financial income75/76B | €338 | €1k | €652 | €2k | €2k | ▼ 1.2% |
| Recurring financial income75 | €338 | €1k | €652 | €1k | €2k | ▲ 19.3% |
| Non-recurring financial income76B | - | - | - | €342 | €50 | ▼ 85.4% |
| Financial charges65/66B | €1k | €736 | €116 | €1k | €224 | ▼ 83.2% |
| Recurring financial charges65 | €1k | €736 | €116 | €69 | €224 | ▲ 224% |
| Non-recurring financial charges66B | - | - | - | €1k | - | - |
| Profit (loss) for the period before taxes9903 | €45k | €23k | €26k | €14k | €-12k | ▼ 191% |
| Income taxes67/77 | €7k | €5k | €6k | €3k | - | - |
| Profit (loss) for the period9904 | €38k | €18k | €20k | €10k | €-12k | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €38k | €18k | €20k | €10k | €-12k | ▼ 218% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €79k | €100k | €111k | €118k | ▲ 7.0% |
| Fixed assets21/28 | €400 | €2k | €2k | €2k | €2k | ▼ 28.6% |
| Tangible fixed assets22/27 | €400 | €2k | €2k | €2k | €2k | ▼ 28.6% |
| Plant, machinery and equipment23 | €400 | €1k | €827 | €591 | €355 | ▼ 39.9% |
| Furniture and vehicles24 | - | €1k | €923 | €2k | €1k | ▼ 25.0% |
| Current assets29/58 | €84k | €77k | €99k | €108k | €117k | ▲ 7.8% |
| Amounts receivable within one year40/41 | €40k | €42k | €68k | €67k | €76k | ▲ 13.1% |
| Trade receivables40 | €34k | €35k | €56k | €38k | €48k | ▲ 24.2% |
| Other amounts receivable41 | €7k | €7k | €12k | €29k | €28k | ▼ 1.8% |
| Cash at bank and in hand54/58 | €44k | €35k | €30k | €40k | €39k | ▼ 2.2% |
| Deferred charges and accrued income490/1 | €140 | - | €1k | €2k | €2k | ▲ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €79k | €100k | €111k | €118k | ▲ 7.0% |
| Equity10/15 | €28k | €47k | €67k | €78k | €65k | ▼ 16.0% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | - | - | - | €77k | €65k | ▼ 16.0% |
| Distributable reserves133 | - | - | - | €77k | €65k | ▼ 16.0% |
| Profit (loss) carried forward14 | €28k | €47k | €67k | - | - | - |
| Amounts payable17/49 | €56k | €32k | €33k | €33k | €53k | ▲ 60.5% |
| Amounts payable within one year42/48 | €56k | €32k | €33k | €33k | €53k | ▲ 60.5% |
| Trade debts44 | €25k | €19k | €26k | €21k | €51k | ▲ 138% |
| Suppliers440/4 | €25k | €19k | €26k | €21k | €51k | ▲ 138% |
| Advances received on contracts in progress46 | - | - | - | €7k | - | - |
| Taxes, remuneration and social security45 | €17k | €13k | €7k | €4k | €2k | ▼ 50.6% |
| Taxes450/3 | €17k | €13k | €7k | €4k | €2k | ▼ 50.6% |
| Other amounts payable47/48 | €14k | €31 | - | - | - | - |
| Accrued charges and deferred income492/3 | €155 | €89 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €18k | €20k | €10k | €-12k | ▼ 218% |
| + Depreciation and write-downs630 | €30 | €90 | €468 | €471 | €702 | ▲ 49.2% |
| Operating cash flow (approximation) | €38k | €18k | €21k | €11k | €-12k | ▼ 207% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-8k | €-5k | €10k | €-877 | ▼ 109% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €38k ▲272%
Operating result €46k, net result €38k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lendelede · 1 establishment unit since 2019
Ground area
286 m²
Building footprint
105 m²
Volume, LiDAR
399 m³
Parcel 34025A0328/00B000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VD Build
since 20192.292.074.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025A0328/00B000 | Flanders | 286 m² | 1 · 105 m² | 6.0 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,202 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
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.