VD Build
ActiveSummary
The computed 12-month bankruptcy probability of VD Build is 2.1% (moderate). The 2025 annual accounts show equity of €65,143 and a net result of -€12,384. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 7625 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 €3,000 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.
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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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 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. Usually files around 31 August (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€65,143▼ 16.0%
2024 · €77,527
Total assets
€118,467▲ 7.0%
2024 · €110,750
Net result
-€12,384
2024 · €10,485
Working capital
€63,391▼ 15.6%
2024 · €75,073
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€46,210▲ 241%€22,923▼ 50.4%€25,889▲ 12.9%€13,220▼ 48.9%-€13,889
Net result€38,318within the sector's middle half▲ 272%€18,287within the sector's middle half▼ 52.3%€20,328within the sector's middle half▲ 11.2%€10,485within the sector's middle half▼ 48.4%-€12,384below the sector's middle half
Equity€28,427below the sector's middle half▲ 26,035%€46,714within the sector's middle half▲ 64.3%€67,042within the sector's middle half▲ 43.5%€77,527within the sector's middle half▲ 15.6%€65,143within the sector's middle half▼ 16.0%
Total assets€84,598below the sector's middle half▲ 127%€79,133within the sector's middle half▼ 6.5%€100,439within the sector's middle half▲ 26.9%€110,750within the sector's middle half▲ 10.3%€118,467within the sector's middle half▲ 7.0%
Debt€56,171▲ 51.0%€32,420▼ 42.3%€33,397▲ 3.0%€33,223▼ 0.5%€53,324▲ 60.5%
Working capital€28,182below the sector's middle half▲ 14,829%€44,584within the sector's middle half▲ 58.2%€65,291within the sector's middle half▲ 46.4%€75,073within the sector's middle half▲ 15.0%€63,391within the sector's middle half▼ 15.6%
Solvency33.6%within the sector's middle half▲ 33.3pp59.0%within the sector's middle half▲ 25.4pp66.7%above the sector's middle half▲ 7.7pp70.0%above the sector's middle half▲ 3.3pp55.0%within the sector's middle half▼ 15.0pp
Current ratio1.50within the sector's middle half▲ 0.502.38within the sector's middle half▲ 0.882.96above the sector's middle half▲ 0.583.26above the sector's middle half▲ 0.302.19within the sector's middle half▼ 1.07
Return on assets (ROA)45.3%above the sector's middle half▲ 17.7pp23.1%above the sector's middle half▼ 22.2pp20.2%above the sector's middle half▼ 2.9pp9.5%within the sector's middle half▼ 10.8pp-10.5%below the sector's middle half▼ 19.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 €13,889 after €13,220 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118,467
Fixed assets
€1,752 ▼ 28.6%
Current assets
€116,715 ▲ 7.8%
Equity and liabilities €118,467
Equity
€65,143 ▼ 16.0%
Debt
€53,324 ▲ 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
-€13,187▼
2024 · €13,691
Cash flow
-€11,682▼
2024 · €10,955
Debt to equity
0.82▲
2024 · 0.43
ROE
-19.0%▼
2024 · 13.5%
Interest coverage
-58.77▼
2024 · 197.58
Debt ≤ 1 year
€53,324▲
2024 · €33,223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| 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 | - | - | - | - | €1,310 | - |
| Other operating charges640/8 | €995 | €860 | €1,267 | €1,274 | €879 | ▼ 31.0% |
| Gross operating margin9900 | €47,235 | €23,872 | €27,623 | €14,965 | -€10,998 | ▼ 173% |
| Operating profit (loss)9901 | €46,210 | €22,923 | €25,889 | €13,220 | -€13,889 | ▼ 205% |
| Financial income75/76B | €338 | €1,304 | €652 | €1,750 | €1,730 | ▼ 1.2% |
| Recurring financial income75 | €338 | €1,304 | €652 | €1,409 | €1,680 | ▲ 19.3% |
| Non-recurring financial income76B | - | - | - | €342 | €50 | ▼ 85.4% |
| Financial charges65/66B | €1,053 | €736 | €116 | €1,338 | €224 | ▼ 83.2% |
| Recurring financial charges65 | €1,053 | €736 | €116 | €69 | €224 | ▲ 224% |
| Non-recurring financial charges66B | - | - | - | €1,269 | - | - |
| Profit (loss) for the period before taxes9903 | €45,495 | €23,491 | €26,425 | €13,632 | -€12,384 | ▼ 191% |
| Income taxes67/77 | €7,177 | €5,204 | €6,097 | €3,147 | - | - |
| Profit (loss) for the period9904 | €38,318 | €18,287 | €20,328 | €10,485 | -€12,384 | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €38,318 | €18,287 | €20,328 | €10,485 | -€12,384 | ▼ 218% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84,598 | €79,133 | €100,439 | €110,750 | €118,467 | ▲ 7.0% |
| Fixed assets21/28 | €400 | €2,218 | €1,751 | €2,454 | €1,752 | ▼ 28.6% |
| Tangible fixed assets22/27 | €400 | €2,218 | €1,751 | €2,454 | €1,752 | ▼ 28.6% |
| Plant, machinery and equipment23 | €400 | €1,063 | €827 | €591 | €355 | ▼ 39.9% |
| Furniture and vehicles24 | - | €1,155 | €923 | €1,863 | €1,396 | ▼ 25.0% |
| Current assets29/58 | €84,198 | €76,915 | €98,688 | €108,295 | €116,715 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €40,337 | €41,687 | €67,724 | €67,103 | €75,891 | ▲ 13.1% |
| Trade receivables40 | €33,524 | €35,145 | €55,502 | €38,334 | €47,626 | ▲ 24.2% |
| Other amounts receivable41 | €6,813 | €6,542 | €12,221 | €28,769 | €28,265 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €43,721 | €35,228 | €29,812 | €39,529 | €38,652 | ▼ 2.2% |
| Deferred charges and accrued income490/1 | €140 | - | €1,153 | €1,663 | €2,172 | ▲ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84,598 | €79,133 | €100,439 | €110,750 | €118,467 | ▲ 7.0% |
| Equity10/15 | €28,427 | €46,714 | €67,042 | €77,527 | €65,143 | ▼ 16.0% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | - | - | - | €77,427 | €65,043 | ▼ 16.0% |
| Distributable reserves133 | - | - | - | €77,427 | €65,043 | ▼ 16.0% |
| Profit (loss) carried forward14 | €28,327 | €46,614 | €66,942 | - | - | - |
| Amounts payable17/49 | €56,171 | €32,420 | €33,397 | €33,223 | €53,324 | ▲ 60.5% |
| Amounts payable within one year42/48 | €56,016 | €32,331 | €33,396 | €33,223 | €53,324 | ▲ 60.5% |
| Trade debts44 | €24,636 | €19,396 | €26,282 | €21,489 | €51,153 | ▲ 138% |
| Suppliers440/4 | €24,636 | €19,396 | €26,282 | €21,489 | €51,153 | ▲ 138% |
| Advances received on contracts in progress46 | - | - | - | €7,339 | - | - |
| Taxes, remuneration and social security45 | €17,077 | €12,904 | €7,115 | €4,395 | €2,171 | ▼ 50.6% |
| Taxes450/3 | €17,077 | €12,904 | €7,115 | €4,395 | €2,171 | ▼ 50.6% |
| Other amounts payable47/48 | €14,302 | €31 | - | - | - | - |
| Accrued charges and deferred income492/3 | €155 | €89 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,318 | €18,287 | €20,328 | €10,485 | -€12,384 | ▼ 218% |
| + Depreciation and write-downs630 | €30 | €90 | €468 | €471 | €702 | ▲ 49.2% |
| Operating cash flow (approximation) | €38,348 | €18,376 | €20,796 | €10,955 | -€11,682 | ▼ 207% |
| Investment in fixed assets (approximation) | - | -€1,908 | €0 | -€1,174 | €0 | ▲ 100% |
| Change in cash | - | -€8,493 | -€5,416 | €9,718 | -€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 -€12,384
Net result drops to -€12,384, 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 €38,318 ▲272%
Operating result €46,210, net result €38,318, 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 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,220 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729929750
Also
9925:BE0729929750
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.