VDD CONSTRUCT
ActiveSummary
VDD CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €307k and a net result of €28k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency70▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.64 in 2024; short-term debt: 15.7% and cash: 6.1% of total assets), and 55% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
45%
Return on assets
4.1%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 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
12 d late
2024
on the day
2023
on the day
2022
2 d late
2021
9 d late
2020
24 d late
2019
36 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€307k▲ 10.0%
2024 · €279k
2019: €138klowest in 7 years
2020: €141k▲ +1.7% vs 2019
2021: €165k▲ +17.6% vs 2020
2022: €207k▲ +24.9% vs 2021
2023: €224k▲ +8.4% vs 2022
2024: €279k▲ +24.6% vs 2023
2025: €307k▲ +10.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€682k▼ 7.5%
2024 · €738k
2019: €650k
2020: €659k▲ +1.4% vs 2019
2021: €633k▼ -3.9% vs 2020
2022: €608k▼ -4.0% vs 2021lowest in 7 years
2023: €703k▲ +15.6% vs 2022
2024: €738k▲ +5.0% vs 2023highest in 7 years
2025: €682k▼ -7.5% vs 2024
2019 → 2025
Net result
€28k▼ 49.4%
2024 · €55k
2019: €296lowest in 7 years
2020: €2k▲ +686% vs 2019
2021: €25k▲ +961% vs 2020
2022: €41k▲ +66.9% vs 2021
2023: €17k▼ -57.7% vs 2022
2024: €55k▲ +216% vs 2023highest in 7 years
2025: €28k▼ -49.4% vs 2024
2019 → 2025
Working capital
€-19k▲ 61.2%
2024 · €-48k
2019: €-55k
2020: €-100k▼ -82.7% vs 2019
2021: €-109k▼ -9.2% vs 2020lowest in 7 years
2022: €-70k▲ +35.7% vs 2021
2023: €28k▲ +140% vs 2022highest in 7 years
2024: €-48k▼ -271% vs 2023
2025: €-19k▲ +61.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€207k▲ 24.9%€224k▲ 8.4%€279k▲ 24.6%€307k▲ 10.0%
2021: €165klowest in 5 years
2022: €207k▲ +24.9% vs 2021
2023: €224k▲ +8.4% vs 2022
2024: €279k▲ +24.6% vs 2023
2025: €307k▲ +10.0% vs 2024highest in 5 years
Operating result€48k-€72k▲ 48.6%€37k▼ 48.8%€89k▲ 143%€56k▼ 37.0%
2021: €48k
2022: €72k▲ +48.6% vs 2021
2023: €37k▼ -48.8% vs 2022lowest in 5 years
2024: €89k▲ +143% vs 2023highest in 5 years
2025: €56k▼ -37.0% vs 2024
Net result€25k-€41k▲ 66.9%€17k▼ 57.7%€55k▲ 216%€28k▼ 49.4%
2021: €25k
2022: €41k▲ +66.9% vs 2021
2023: €17k▼ -57.7% vs 2022lowest in 5 years
2024: €55k▲ +216% vs 2023highest in 5 years
2025: €28k▼ -49.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €682k
Fixed assets
€593k ▼ 9.1%
Current assets
€89k ▲ 4.2%
Equity and liabilities €682k
Equity
€307k ▲ 10.0%
Debt
€375k ▼ 18.2%
Debt's share of the balance-sheet total falls from 62.1% to 55.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▼
2024 · €146k
Cash flow
€90k▼
2024 · €111k
Current ratio
0.83▲
2024 · 0.64
Debt to equity
1.22▼
2024 · 1.64
ROE
9.1%▼
2024 · 19.7%
ROA
4.1%▼
2024 · 7.5%
Interest coverage
10.11▼
2024 · 12.28
Debt ≤ 1 year
€107k▼
2024 · €133k
Debt > 1 year
€268k▼
2024 · €325k
Income taxes
€17k▼
2024 · €23k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€738k€682k▼
Fixed assets21/28€653k€593k▼
Tangible fixed assets22/27€653k€593k▼
Land and buildings22€502k€470k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€84k€64k▼
Leasing and similar rights25€62k€56k▼
Current assets29/58€85k€89k▲
Amounts receivable within one year40/41€62k€47k▼
Trade receivables40€58k€40k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€23k€41k▲
Equity and liabilities
Total equity and liabilities10/49€738k€682k▼
Equity10/15€279k€307k▲
Contributions10/11€19k€19k=
Reserves13€249k€276k▲
Distributable reserves133€249k€276k▲
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€458k€375k▼
Amounts payable after more than one year17€325k€268k▼
Financial debts170/4€325k€268k▼
Amounts payable within one year42/48€133k€107k▼
Current portion of amounts payable after more than one year42€60k€58k▼
Financial debts43€9k-
Credit institutions430/8€9k-
Trade debts44€27k€31k▲
Suppliers440/4€27k€31k▲
Taxes, remuneration and social security45€9k€17k▲
Taxes450/3€9k€17k▲
Other amounts payable47/48€28k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€62k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€152k€124k▼
Operating profit (loss)9901€89k€56k▼
Financial income75/76B€146€34▼
Recurring financial income75€146€34▼
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€78k€45k▼
Income taxes67/77€23k€17k▼
Profit (loss) for the period9904€55k€28k▼
Profit (loss) for the period to be appropriated9905€55k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€40k▼
Profit (loss) brought forward from the previous period14P€12k€12k▲
Transfer to equity691/2€55k€28k▼
To other reserves6921€55k€28k▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €45k | €47k | €56k | €62k | ▲ 9.8% |
| Other operating charges640/8 | - | €5k | €6k | €6k | €6k | ▼ 3.6% |
| Gross operating margin9900 | €97k | €122k | €89k | €152k | €124k | ▼ 18.3% |
| Operating profit (loss)9901 | €48k | €72k | €37k | €89k | €56k | ▼ 37.0% |
| Financial income75/76B | - | €1k | €11 | €146 | €34 | ▼ 77.0% |
| Recurring financial income75 | €48 | €55 | €11 | €146 | €34 | ▼ 77.0% |
| Non-recurring financial income76B | - | €1k | - | - | - | - |
| Financial charges65/66B | - | €10k | €10k | €12k | €12k | ▼ 1.5% |
| Recurring financial charges65 | €11k | €10k | €10k | €12k | €12k | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €38k | €64k | €27k | €78k | €45k | ▼ 42.5% |
| Income taxes67/77 | €13k | €23k | €9k | €23k | €17k | ▼ 25.6% |
| Profit (loss) for the period9904 | €25k | €41k | €17k | €55k | €28k | ▼ 49.4% |
| Profit (loss) for the period to be appropriated9905 | €25k | €41k | €17k | €55k | €28k | ▼ 49.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €633k | €608k | €703k | €738k | €682k | ▼ 7.5% |
| Fixed assets21/28 | €575k | €543k | €512k | €653k | €593k | ▼ 9.1% |
| Tangible fixed assets22/27 | €575k | €543k | €512k | €653k | €593k | ▼ 9.1% |
| Land and buildings22 | - | €436k | €423k | €502k | €470k | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €11k | €7k | €5k | €2k | ▼ 50.6% |
| Furniture and vehicles24 | - | €21k | €13k | €84k | €64k | ▼ 23.3% |
| Leasing and similar rights25 | - | €74k | €68k | €62k | €56k | ▼ 9.7% |
| Current assets29/58 | €59k | €65k | €191k | €85k | €89k | ▲ 4.2% |
| Amounts receivable within one year40/41 | €6k | €26k | €160k | €62k | €47k | ▼ 23.8% |
| Trade receivables40 | - | €22k | €150k | €58k | €40k | ▼ 31.3% |
| Other amounts receivable41 | - | €4k | €10k | €4k | €7k | ▲ 93.7% |
| Cash at bank and in hand54/58 | €50k | €39k | €32k | €23k | €41k | ▲ 79.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €633k | €608k | €703k | €738k | €682k | ▼ 7.5% |
| Equity10/15 | €165k | €207k | €224k | €279k | €307k | ▲ 10.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €137k | €177k | €194k | €249k | €276k | ▲ 11.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €175k | €192k | €249k | €276k | ▲ 11.1% |
| Profit (loss) carried forward14 | €10k | €11k | €12k | €12k | €12k | ▲ 3.2% |
| Amounts payable17/49 | €468k | €401k | €479k | €458k | €375k | ▼ 18.2% |
| Amounts payable after more than one year17 | €300k | €266k | €315k | €325k | €268k | ▼ 17.8% |
| Financial debts170/4 | - | €266k | €315k | €325k | €268k | ▼ 17.8% |
| Amounts payable within one year42/48 | €168k | €135k | €163k | €133k | €107k | ▼ 19.4% |
| Current portion of amounts payable after more than one year42 | - | €34k | €46k | €60k | €58k | ▼ 4.0% |
| Financial debts43 | - | - | - | €9k | - | - |
| Credit institutions430/8 | - | - | - | €9k | - | - |
| Trade debts44 | €10k | €16k | €65k | €27k | €31k | ▲ 14.4% |
| Suppliers440/4 | - | €16k | €65k | €27k | €31k | ▲ 14.4% |
| Taxes, remuneration and social security45 | - | €24k | €8k | €9k | €17k | ▲ 98.1% |
| Taxes450/3 | - | €24k | €8k | €9k | €17k | ▲ 98.1% |
| Other amounts payable47/48 | - | €61k | €44k | €28k | €1k | ▼ 96.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €41k | €17k | €55k | €28k | ▼ 49.4% |
| + Depreciation and write-downs630 | €44k | €45k | €47k | €56k | €62k | ▲ 9.8% |
| Operating cash flow (approximation) | €69k | €86k | €64k | €111k | €90k | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | €-13k | €-15k | €-197k | €-3k | ▲ 98.7% |
| Change in cash | - | €-11k | €-8k | €-9k | €18k | ▲ 314% |
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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €55k ▲216%
Operating result €89k, net result €55k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.48 to 1.17.
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Equity above €200kEq €207k ▲24.9%
4 profitable years in a row build equity to €207k.
2021
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
31-03
Financial
Equity above €150kEq €165k ▲17.6%
3 profitable years in a row build equity to €165k.
2020
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Wielsbeke · 1 establishment unit since 2005
Ground area
1,139 m²
Building footprint
212 m²
Volume, LiDAR
1,051 m³
Parcel 37009A0504/00H000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDD CONSTRUCT
since 20052.148.598.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0504/00H000 | Flanders | 1,139 m² | 1 · 212 m² | 8.1 m · 2 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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DAKWERKEN GUNTHER KONINGS
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SCHOTENSE DAKWERKEN
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Of 11,135 companies in sector 43910 we hold annual accounts for 5,489. 4,159 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
Founded05-07-2005
Fiscal year end31-03
Activities, NACEBEL 2025
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.