VD.E.Z. Construct
ActiveSummary
VD.E.Z. Construct has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-14k. Equity is shrinking by ~22.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 45% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-59
Solvency68▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.66 in 2024; short-term debt: 57.2% and cash: 73.7% of total assets), and 57.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
42.8%
Return on assets
-38.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
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 07-03-2026, 146 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
146 d early
2024
34 d early
2023
86 d early
2022
31 d early
2021
45 d early
2020
93 d early
2019
44 d early
← 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
€15k▼ 47.4%
2024 · €29k
2018: €75khighest in 8 years
2019: €38k▼ -49.0% vs 2018
2020: €30k▼ -21.8% vs 2019
2021: €20k▼ -34.0% vs 2020
2022: €42k▲ +112% vs 2021
2023: €33k▼ -21.1% vs 2022
2024: €29k▼ -11.3% vs 2023
2025: €15k▼ -47.4% vs 2024lowest in 8 years
2018 → 2025
Total assets
€36k▼ 28.5%
2024 · €50k
2018: €85k
2019: €106k▲ +24.7% vs 2018highest in 8 years
2020: €76k▼ -28.3% vs 2019
2021: €53k▼ -29.8% vs 2020
2022: €65k▲ +21.3% vs 2021
2023: €59k▼ -9.6% vs 2022
2024: €50k▼ -14.0% vs 2023
2025: €36k▼ -28.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€-14k▼ 273%
2024 · €-4k
2018: €983
2019: €-37k▼ -3832% vs 2018lowest in 8 years
2020: €-8k▲ +77.3% vs 2019
2021: €-10k▼ -22.1% vs 2020
2022: €22k▲ +318% vs 2021highest in 8 years
2023: €-9k▼ -140% vs 2022
2024: €-4k▲ +57.9% vs 2023
2025: €-14k▼ -273% vs 2024
2018 → 2025
Working capital
€7k▼ 52.8%
2024 · €14k
2018: €56khighest in 8 years
2019: €8k▼ -85.0% vs 2018
2020: €14k▲ +62.0% vs 2019
2021: €710▼ -94.8% vs 2020lowest in 8 years
2022: €10k▲ +1317% vs 2021
2023: €9k▼ -10.7% vs 2022
2024: €14k▲ +54.6% vs 2023
2025: €7k▼ -52.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€42k▲ 112%€33k▼ 21.1%€29k▼ 11.3%€15k▼ 47.4%
2021: €20k
2022: €42k▲ +112% vs 2021highest in 5 years
2023: €33k▼ -21.1% vs 2022
2024: €29k▼ -11.3% vs 2023
2025: €15k▼ -47.4% vs 2024lowest in 5 years
Operating result€-10k-€22k€-9k€-3k▲ 61.1%€-14k▼ 304%
2021: €-10k
2022: €22k▲ +322% vs 2021highest in 5 years
2023: €-9k▼ -139% vs 2022
2024: €-3k▲ +61.1% vs 2023
2025: €-14k▼ -304% vs 2024lowest in 5 years
Net result€-10k-€22k€-9k€-4k▲ 57.9%€-14k▼ 273%
2021: €-10k
2022: €22k▲ +318% vs 2021highest in 5 years
2023: €-9k▼ -140% vs 2022
2024: €-4k▲ +57.9% vs 2023
2025: €-14k▼ -273% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€9k ▼ 42.6%
Current assets
€27k ▼ 22.3%
Equity and liabilities €36k
Equity
€15k ▼ 47.4%
Debt
€21k ▼ 2.2%
Debt's share of the balance-sheet total rises from 41.8% to 57.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €3k
Cash flow
€-7k▼
2024 · €3k
Current ratio
1.32▼
2024 · 1.66
Debt to equity
1.34▲
2024 · 0.72
ROE
-90.2%▼
2024 · -12.7%
ROA
-38.6%▼
2024 · -7.4%
Interest coverage
-133.19▼
2024 · 25.79
Debt ≤ 1 year
€21k▼
2024 · €21k
Income taxes
€88▼
2024 · €200
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€50k€36k▼
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€15k€9k▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€15k€9k▼
Current assets29/58€35k€27k▼
Amounts receivable within one year40/41€1k€598▼
Trade receivables40€1k€485▼
Other amounts receivable41-€114
Cash at bank and in hand54/58€34k€27k▼
Equity and liabilities
Total equity and liabilities10/49€50k€36k▼
Equity10/15€29k€15k▼
Contributions10/11€6k€6k=
Reserves13€79k€79k=
Distributable reserves133€79k€79k=
Profit (loss) carried forward14€-56k€-70k▼
Amounts payable17/49€21k€21k▼
Amounts payable within one year42/48€21k€21k▼
Trade debts44€351€156▼
Suppliers440/4€351€156▼
Taxes, remuneration and social security45€245€150▼
Taxes450/3€245€150▼
Other amounts payable47/48€20k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€850€1k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€6k€-6k▼
Operating profit (loss)9901€-3k€-14k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€123€54▼
Recurring financial charges65€123€54▼
Profit (loss) for the period before taxes9903€-4k€-14k▼
Income taxes67/77€200€88▼
Profit (loss) for the period9904€-4k€-14k▼
Profit (loss) for the period to be appropriated9905€-4k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-70k▼
Profit (loss) brought forward from the previous period14P€-52k€-56k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1k | €106 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €4k | €8k | €7k | €7k | = |
| Other operating charges640/8 | €2k | €792 | €2k | €850 | €1k | ▲ 44.1% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €950 | €27k | €570 | €6k | €-6k | ▼ 198% |
| Operating profit (loss)9901 | €-10k | €22k | €-9k | €-3k | €-14k | ▼ 304% |
| Financial income75/76B | €486 | €84 | €153 | €1 | €0 | ▼ 98.0% |
| Recurring financial income75 | €21 | €84 | €83 | €1 | €0 | ▼ 98.0% |
| Non-recurring financial income76B | €465 | - | €70 | - | - | - |
| Financial charges65/66B | €355 | €195 | €44 | €123 | €54 | ▼ 56.0% |
| Recurring financial charges65 | €355 | €195 | €44 | €123 | €54 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €-10k | €22k | €-9k | €-4k | €-14k | ▼ 291% |
| Income taxes67/77 | €163 | €201 | €202 | €200 | €88 | ▼ 56.1% |
| Profit (loss) for the period9904 | €-10k | €22k | €-9k | €-4k | €-14k | ▼ 273% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €22k | €-9k | €-4k | €-14k | ▼ 273% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53k | €65k | €59k | €50k | €36k | ▼ 28.5% |
| Fixed assets21/28 | €29k | €32k | €24k | €15k | €9k | ▼ 42.6% |
| Tangible fixed assets22/27 | €29k | €32k | €24k | €15k | €9k | ▼ 42.6% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | €0 | = |
| Furniture and vehicles24 | €29k | €32k | €24k | €15k | €9k | ▼ 42.6% |
| Current assets29/58 | €25k | €33k | €34k | €35k | €27k | ▼ 22.3% |
| Amounts receivable within one year40/41 | €3k | €4k | €2k | €1k | €598 | ▼ 52.2% |
| Trade receivables40 | €3k | €4k | €2k | €1k | €485 | ▼ 61.3% |
| Other amounts receivable41 | - | - | - | - | €114 | - |
| Cash at bank and in hand54/58 | €22k | €29k | €33k | €34k | €27k | ▼ 21.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53k | €65k | €59k | €50k | €36k | ▼ 28.5% |
| Equity10/15 | €20k | €42k | €33k | €29k | €15k | ▼ 47.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €79k | €79k | €79k | €79k | €79k | = |
| Distributable reserves133 | €79k | €79k | €79k | €79k | €79k | = |
| Profit (loss) carried forward14 | €-65k | €-43k | €-52k | €-56k | €-70k | ▼ 24.9% |
| Amounts payable17/49 | €34k | €23k | €26k | €21k | €21k | ▼ 2.2% |
| Amounts payable after more than one year17 | €9k | - | - | - | - | - |
| Financial debts170/4 | €9k | - | - | - | - | - |
| Amounts payable within one year42/48 | €24k | €23k | €26k | €21k | €21k | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | €8k | - | - | - | - | - |
| Trade debts44 | €7k | €631 | €190 | €351 | €156 | ▼ 55.6% |
| Suppliers440/4 | €7k | €631 | €190 | €351 | €156 | ▼ 55.6% |
| Taxes, remuneration and social security45 | €681 | €619 | €1k | €245 | €150 | ▼ 38.5% |
| Taxes450/3 | €681 | €619 | €1k | €245 | €150 | ▼ 38.5% |
| Other amounts payable47/48 | €9k | €22k | €24k | €20k | €20k | ▼ 0.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €22k | €-9k | €-4k | €-14k | ▼ 273% |
| + Depreciation and write-downs630 | €9k | €4k | €8k | €7k | €7k | = |
| Operating cash flow (approximation) | €-914 | €26k | €-1k | €3k | €-7k | ▼ 358% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €2k | €0 | ▼ 100% |
| Change in cash | - | €8k | €3k | €1k | €-7k | ▼ 724% |
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
07-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Putte · 1 establishment unit since 2011
Ground area
1,156 m²
Building footprint
187 m²
Parcel 12029D0228/00Y000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VD.E.Z. Construct BVBA
since 20112.202.063.217
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029D0228/00Y000 | Flanders | 1,156 m² | 1 · 187 m² | - |
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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 5,599 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
Founded27-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.