VDB CONSTRUCT
ActiveSummary
VDB CONSTRUCT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency87▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.89 in 2024; short-term debt: 37.7% and cash: 58.5% of total assets), and 37.7% of the assets are financed with debt.
Credit advice 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.3%
Return on assets
40.4%
Age of the figures
9 mo
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 €33k
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
2 d early
2023
12 d late
2022
7 d early
2021
3 d early
2020
2 d early
2019
32 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 184%
2024 · €12k
2018: €11k
2019: €8k
2020: €8k
2021: €8k
2022: €-3k
2023: €4k
2024: €12k
2018 → 2025
Total assets
€53k▲ 83.9%
2024 · €29k
2018: €31k
2019: €43k
2020: €62k
2021: €64k
2022: €36k
2023: €29k
2024: €29k
2018 → 2025
Net result
€22k▲ 163%
2024 · €8k
2018: €2k
2019: €-3k
2020: €-272
2021: €-434
2022: €-11k
2023: €-6k
2024: €8k
2018 → 2025
Working capital
€20k▲ 71.3%
2024 · €12k
2018: €3k
2019: €-636
2020: €-1k
2021: €-2k
2022: €-8k
2023: €2k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€-3k€4k€12k▲ 232%€33k▲ 184%
Operating result€455-€-10k€-5k▲ 46.1%€9k€22k▲ 160%
Net result€-434-€-11k▼ 2,340%€-6k▲ 45.0%€8k€22k▲ 163%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€13k ▲ 248%
Current assets
€40k ▲ 60.0%
Equity and liabilities €53k
Equity
€33k ▲ 184%
Debt
€20k ▲ 16.2%
Debt's share of the balance-sheet total falls from 59.6% to 37.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €17k
Cash flow
€27k▲
2024 · €17k
Current ratio
2.02▲
2024 · 1.89
Quick ratio
1.67▲
2024 · 1.37
Debt to equity
0.60▼
2024 · 1.47
ROE
64.7%▼
2024 · 69.8%
ROA
40.4%▲
2024 · 28.2%
Interest coverage
28.70▼
2024 · 36.99
Debt ≤ 1 year
€20k▲
2024 · €13k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€53k▲
Fixed assets21/28€4k€13k▲
Tangible fixed assets22/27€4k€13k▲
Plant, machinery and equipment23-€7k
Furniture and vehicles24€4k€6k▲
Current assets29/58€25k€40k▲
Stocks and contracts in progress3€7k€7k=
Contracts in progress37€7k€7k=
Amounts receivable within one year40/41€1k€2k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€17k€31k▲
Equity and liabilities
Total equity and liabilities10/49€29k€53k▲
Equity10/15€12k€33k▲
Contributions10/11€19k€19k=
Reserves13-€14k
Distributable reserves133-€14k
Profit (loss) carried forward14€-7k€625▲
Amounts payable17/49€17k€20k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€13k€20k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€9k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€5k▼
Other operating charges640/8€298€218▼
Gross operating margin9900€18k€28k▲
Operating profit (loss)9901€9k€22k▲
Financial charges65/66B€469€969▲
Recurring financial charges65€469€969▲
Profit (loss) for the period before taxes9903€8k€22k▲
Profit (loss) for the period9904€8k€22k▲
Profit (loss) for the period to be appropriated9905€8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€15k▲
Profit (loss) brought forward from the previous period14P€-17k€-7k▲
Transfer from equity791/2€2k-
Transfer to equity691/2-€14k
To other reserves6921-€14k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Highest result since 2018net €22k ▲163%
Operating result €22k, net result €22k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 50 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herentals · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wiekevorstseweg(MRH) 282200 HerentalsGround area
1,472 m²
Building footprint
142 m²
Volume, LiDAR
396 m³
Parcel 13026B0102/00Y004, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Wiekevorstseweg(MRH) 28, 2200 Herentals
since 20102.193.826.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13026B0102/00Y004 | Flanders | 1,472 m² | 1 · 142 m² | 8.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
S.R.D.
BE 0463.256.261
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BANDIU
BE 0758.708.759
Drogenbos · Eq €33,216
BEERTEN BOUWONDERNEMING
BE 0762.537.487
Heusden-Zolder · Eq €33,214
A.G.R.
BE 0861.325.851
La Hulpe · Eq €33,238
BULOT & Fils
BE 0761.980.431
Herstal · Eq €33,205
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,579 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.