Turnover
≈ €200,000 estimated
The micro format states no turnover.
VDB CONSTRUCT
Lifetime
15 annual accounts with figures on one time axispeak €28,030 (2025)
€28,030▲ 58.9%
lowest -€10,588 (2022)
€21,511▲ 163%
peak €33,225 (2025)
€33,225▲ 184%
€20,066▲ 16.2%
Board3 names since 2018
1 directorTom Van den Bergh
Documentsfilings and deeds
11-08-202611 days late
2025micro format
Gross margin from €17,644 to €28,030Result from €8,181 to €21,511Equity from €11,714 to €33,225Debts from €17,268 to €20,066Investments €14,470Cash from €17,046 to €31,188
Key points
from the 2025 annual accountsInvestments
€14,470 2.7 × depreciation
Green is investment, beige is depreciation.
Filings
15 annual accounts since 2011
Five of the last ten came late. The 2018 accounts came latest: 50 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 85% of micro companies in construction of buildings (NACE 41)
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: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -1.2 percentage points 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: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points 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: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 2.02, cash €31,188
Founded in 2010
Equity €33,225 (62.3% of total assets)
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 41, micro). It does better than 71% of them on solvency, 85% on liquidity, 91% on profitability and 94% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 34,693 companies had the same profile as VDB CONSTRUCT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of VDB CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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 34,693 companies, not a prediction for VDB 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 €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.02 (1.89 in 2024), above the usual 1.5. Short-term debt is 37.7% and cash 58.5% of total assets. 37.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €33,225
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 filingsDeviation from the deadline
2025
11 days late
2024
2 days early
2023
12 days late
2022
7 days early
2021
3 days early
2020
2 days early
2019
32 days early
← 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 3 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 29 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from M T HEATING SYSTEMS to VDB CONSTRUCT
Reappointment: VAN DEN BERGH Tom (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 31-10-2023 · Gazette deed
Registered office moved from Nijlen to Herentals
New registered office: Wiekevorstseweg 28 (Morkhoven) te 2200 Herentals · Previous registered office: Achterbist 70 te 2560 Nijlen · Resignations: Yves Van den Eynde (manager) and Johan Sebrechts (manager) · General meeting of 31-10-2018 · Gazette deed
First establishment
Wiekevorstseweg 28, Herentals
Incorporation
published on 25-11-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VDB CONSTRUCT Herentals | €53,291 | €28,030 | 62.3% | - |
| JM Concept Wanze | €55,983 | €29,767 | -121.1% | - |
| Piet Vanderwaeren & Oud-Heverlee | €54,842 | €27,930 | 98.5% | - |
| Renovatiewerken Chasseur Tongeren-Borgloon | €51,349 | €24,421 | 81.9% | - |
| LACOSTI Anderlecht | €61,179 | €25,302 | -41.7% | - |
| HD. K RENOV Machelen (Brab.) | €44,508 | €26,672 | 26.9% | - |
| BENEPLUS Liège | €57,511 | €27,846 | 66.2% | - |
These companies have the same main activity as VDB CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €44,500 and €61,200, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 22-10-2010Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.193.826.9272200 Herentals, since 01-11-2010
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on VDB CONSTRUCT
VDB CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €12,883 in 2011 to €28,030 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VDB CONSTRUCT
- What is the company number of VDB CONSTRUCT?
- The company number of VDB CONSTRUCT is 0831.093.624. The VAT number is the same number with BE in front: BE 0831.093.624.
- Where is VDB CONSTRUCT based?
- The registered office is at Wiekevorstseweg 28, 2200 Herentals.Company details
- What does VDB CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of VDB CONSTRUCT?
- VDB CONSTRUCT is a private limited company (BV).
- When was VDB CONSTRUCT founded?
- VDB CONSTRUCT was founded on 22-10-2010.
- Is VDB CONSTRUCT still active?
- Yes, VDB CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of VDB CONSTRUCT?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €28,030 and 164 comparable companies (NACE 41001). It probably lies between €110,000 and €350,000.Financials
- Is VDB CONSTRUCT profitable?
- In financial year 2025, VDB CONSTRUCT made a profit of €21,511.
- Where can I find the annual accounts of VDB CONSTRUCT?
- VDB CONSTRUCT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VDB CONSTRUCT due?
- VDB CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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