VD CONSTRUCT
ActiveSummary
VD CONSTRUCT has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407,646 and a net result of €93,803. Equity is growing by about 6.1% per year across the filed financial years. Its solvency ranks better than 72% of 2,315 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €407,646
- Profit
- €93,803
Why 96raises riskSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 1.91, cash €166,145Size: total assets €606,969Equity €407,646 (67.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 25, micro): better than 72% on solvency, 75% on liquidity, 77% on profitability and 54% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €93,803 ▲20.9%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,474 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12 | €10,000 | - | - |
| Remuneration, social security and pensions62 | - | - | €7,024 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,007 | €31,039 | €34,831 | €33,613 | €35,401 | €46,159 | €50,724 | ▲ 9.9% |
| Other operating charges640/8 | - | - | €1,582 | €1,926 | €1,857 | €2,319 | €2,125 | ▼ 8.3% |
| Gross operating margin9900 | €97,502 | €131,603 | €104,688 | €139,497 | €126,084 | €152,527 | €178,520 | ▲ 17.0% |
| Operating profit (loss)9901 | €37,565 | €6,652 | €61,251 | €103,958 | €88,826 | €104,049 | €125,672 | ▲ 20.8% |
| Financial income75/76B | - | - | €987 | €1,388 | €997 | €1,154 | €2,202 | ▲ 90.8% |
| Recurring financial income75 | €725 | €943 | €987 | €1,388 | €997 | €1,154 | €2,202 | ▲ 90.8% |
| Financial charges65/66B | - | - | €5,563 | €4,954 | €4,623 | €5,311 | €4,823 | ▼ 9.2% |
| Recurring financial charges65 | €1,307 | €4,253 | €5,563 | €4,954 | €4,623 | €1,848 | €4,823 | ▲ 161% |
| Non-recurring financial charges66B | - | - | - | - | - | €3,463 | - | - |
| Profit (loss) for the period before taxes9903 | €36,983 | €3,342 | €56,676 | €100,391 | €85,200 | €99,893 | €123,050 | ▲ 23.2% |
| Income taxes67/77 | €6,144 | €300 | €15,179 | €29,752 | €20,810 | €22,323 | €29,248 | ▲ 31.0% |
| Profit (loss) for the period9904 | €30,839 | €3,042 | €41,496 | €70,640 | €64,390 | €77,570 | €93,803 | ▲ 20.9% |
| Transfer from tax-exempt reserves789 | - | - | €54,300 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €30,839 | €3,042 | €95,796 | €70,640 | €64,390 | €77,570 | €93,803 | ▲ 20.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €401,195 | €508,531 | €570,094 | €597,533 | €609,122 | €576,671 | €606,969 | ▲ 5.3% |
| Fixed assets21/28 | €87,163 | €315,178 | €351,848 | €319,398 | €352,821 | €355,560 | €323,826 | ▼ 8.9% |
| Intangible fixed assets21 | €2,400 | €1,800 | €1,200 | €600 | - | - | - | - |
| Tangible fixed assets22/27 | €84,763 | €313,378 | €350,648 | €318,798 | €352,821 | €355,560 | €323,826 | ▼ 8.9% |
| Land and buildings22 | - | - | €287,533 | €271,805 | €286,536 | €269,219 | €252,506 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €5,266 | €3,754 | €1,476 | €2,596 | €18,785 | ▲ 624% |
| Furniture and vehicles24 | - | - | €57,200 | €42,900 | €64,809 | €83,745 | €52,535 | ▼ 37.3% |
| Other tangible fixed assets26 | - | - | €649 | €339 | - | - | - | - |
| Current assets29/58 | €314,032 | €193,353 | €218,246 | €278,135 | €256,301 | €221,111 | €283,143 | ▲ 28.1% |
| Stocks and contracts in progress3 | €36,784 | €38,867 | €44,317 | €46,748 | €50,083 | €47,882 | €52,380 | ▲ 9.4% |
| Stocks30/36 | - | - | €44,317 | €46,748 | €50,083 | €47,882 | €52,380 | ▲ 9.4% |
| Amounts receivable within one year40/41 | €102,522 | €67,286 | €68,474 | €82,538 | €64,316 | €61,232 | €61,731 | ▲ 0.8% |
| Trade receivables40 | - | - | €67,033 | €82,538 | €58,365 | €58,442 | €61,651 | ▲ 5.5% |
| Other amounts receivable41 | - | - | €1,441 | - | €5,951 | €2,790 | €80 | ▼ 97.1% |
| Current investments50/53 | - | - | - | €50,000 | €50,000 | €50,000 | - | - |
| Cash at bank and in hand54/58 | €152,469 | €80,398 | €104,186 | €97,760 | €89,670 | €59,200 | €166,145 | ▲ 181% |
| Deferred charges and accrued income490/1 | - | - | €1,269 | €1,088 | €2,232 | €2,797 | €2,888 | ▲ 3.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €401,195 | €508,531 | €570,094 | €597,533 | €609,122 | €576,671 | €606,969 | ▲ 5.3% |
| Equity10/15 | €292,689 | €295,730 | €310,997 | €341,576 | €352,212 | €379,943 | €407,646 | ▲ 7.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €273,660 | €276,660 | €292,360 | €322,360 | €333,360 | €360,500 | €388,500 | ▲ 7.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | €26,500 | €26,500 | €26,500 | €26,500 | €26,500 | = |
| Distributable reserves133 | - | - | €264,000 | €294,000 | €305,000 | €334,000 | €362,000 | ▲ 8.4% |
| Profit (loss) carried forward14 | €429 | €470 | €37 | €616 | €252 | €843 | €546 | ▼ 35.3% |
| Amounts payable17/49 | €108,506 | €212,801 | €259,097 | €255,957 | €256,910 | €196,727 | €199,324 | ▲ 1.3% |
| Amounts payable after more than one year17 | - | €107,185 | €123,269 | €102,083 | €80,618 | €58,870 | €45,451 | ▼ 22.8% |
| Financial debts170/4 | - | - | €123,269 | €102,083 | €80,618 | €58,870 | €45,451 | ▼ 22.8% |
| Amounts payable within one year42/48 | €106,278 | €102,118 | €131,503 | €149,990 | €171,064 | €131,652 | €148,279 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | €20,911 | €21,186 | €21,465 | - | - | - |
| Financial debts43 | - | - | - | - | - | €21,748 | €13,420 | ▼ 38.3% |
| Credit institutions430/8 | - | - | - | - | - | €21,748 | €13,420 | ▼ 38.3% |
| Trade debts44 | €34,881 | €21,953 | €17,547 | €21,041 | €47,489 | €9,856 | €4,800 | ▼ 51.3% |
| Suppliers440/4 | - | - | €17,547 | €21,041 | €47,489 | €9,856 | €4,800 | ▼ 51.3% |
| Advances received on contracts in progress46 | - | - | - | €2 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €26,641 | €26,475 | €4,192 | €6,231 | €19,981 | ▲ 221% |
| Taxes450/3 | - | - | €21,969 | €26,475 | €4,192 | €6,231 | €19,981 | ▲ 221% |
| Remuneration and social security454/9 | - | - | €4,672 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €66,405 | €81,286 | €97,917 | €93,816 | €110,078 | ▲ 17.3% |
| Accrued charges and deferred income492/3 | - | - | €4,325 | €3,884 | €5,229 | €6,205 | €5,594 | ▼ 9.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,839 | €3,042 | €41,496 | €70,640 | €64,390 | €77,570 | €93,803 | ▲ 20.9% |
| + Depreciation and write-downs630 | €11,007 | €31,039 | €34,831 | €33,613 | €35,401 | €46,159 | €50,724 | ▲ 9.9% |
| Operating cash flow (approximation) | €41,846 | €34,081 | €76,327 | €104,253 | €99,791 | €123,729 | €144,526 | ▲ 16.8% |
| Investment in fixed assets (approximation) | - | -€259,055 | -€71,500 | -€1,164 | -€68,824 | -€48,898 | -€18,990 | ▲ 61.2% |
| Change in cash | - | -€72,070 | €23,788 | -€6,426 | -€8,090 | -€30,470 | €106,945 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00094105 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00081742 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075860 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00079235 |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20017570 |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09500254 |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08300287 |
| 30-09-2018 | micro format | 30-04-2019 | 2019-11900233 |
| 30-09-2017 | micro format | 27-04-2018 | 2018-11100026 |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10600347 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN DAMME Geert Jozef Gertie |
|
Owners and capital
Capital and shareholders
- VAN DAMME Geert Jozef Gertie
- LANDUYT Veronique
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-12-2023 Converted to unavailable equity · €20,460
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: VAN DAMME Geert Jozef Gertie (statutory manager)Reappointment: VAN DAMME Geert Jozef Gertie (statutory director) · Capital conversion · Reserve release16 facts ▸
- General meeting, 20-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, EERSTE BESLUIT” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Purpose change
- Kind of shares, “bijzonder verslag bestuursorgaan artikel 5:102 WVV, geen opmerkingen” (deed in Dutch)
- Shareholding, “A met stemrecht, B zonder stemrecht” (deed in Dutch) (2 times)
- Amendment of the articles
- Registered office clause, “Vlaamse Gewest, Rysselhofstraat 4,9970 Kaprijke” (deed in Dutch)
- Director resignation, VAN DAMME Geert Jozef Gertie (statutory manager)
- Director reappointment, VAN DAMME Geert Jozef Gertie (statutory director)
- Director discharge, VAN DAMME Geert Jozef Gertie
- +4 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43007A1269/00A000 | Flanders | 2,299 m² | 1 · 118 m² | 8.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VD CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk recht in de winstverdeling, 750” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste van overdrager en voor andere helft ten laste van koper(s) naar evenredigheid, elke overdracht onder levenden zowel ten…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of March at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door beslissing algemene vergadering in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)