Equity
-€1,402
Debts exceed assets in financial year 2025.
VDL-Construct
Overview
Lifetime
4 annual accounts with figures on one time axispeak €16,138 (2022)
-€1,188
lowest -€6,221 (2023)
-€2,845▼ €2,716
peak €7,793 (2022)
-€1,402▼ €2,845
€17,887▲ 23.5%
Board1 name since 2021
1 director
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Loss of €2,845Equity from €1,443 to -€1,402Debts from €14,483 to €17,887
Key points
from the 2025 annual accountsLosses
-€9,195 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€17,887 109% of the balance sheet
Financial debts 16%Suppliers 4%Other 80%
Filings
4 annual accounts 3 late
The 2023 accounts came latest: 464 days after the end of the period.
Starting capital
€3,000 300 shares
Position in the sector
-8.5%
Lower solvency than 91% of companies in specialised construction. Sector median 46.8% · 37,211 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,018 companies had the same profile as VDL-Construct has now. Each dot stands for 16 companies, two years later.
82.8%
were still trading
8.5%
stopped another way
7.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,018 companies, not a prediction for VDL-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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0771839490
Incorporation
Founding capital of €3,000, 300 shares · Founder: · Appointment: (niet statutaire bestuurder van het type a) · published on 02-08-2021 · Gazette deed
First establishment
Hondzochtstraat 53, Pepingen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VDL-Construct Pepingen | €16,484 | -€1,188 | -8.5% | - |
| ALU CL Beauvechain | €16,488 | -€4,115 | 0.7% | - |
| CC Interiors Brecht | €16,486 | -€6,733 | 54.2% | - |
| CB POSE Quévy | €15,788 | -€4,320 | 83.6% | - |
| SCHRIJNWERKERIJ MINNOYE Kortenaken | €11,979 | -€427 | 86.1% | - |
| BEN PLAFONNAGE Vilvoorde | €12,945 | -€9,128 | 65.7% | - |
| Menuiserie François Martial Silly | €19,075 | -€19,464 | -60.9% | - |
These companies have the same main activity as VDL-Construct: joinery installation (NACE 43320). They are comparable in size and age: total assets between €12,000 and €19,100, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 29-07-2021Normal situation
- Activity
- Joinery installationNACE 43320and 4 others
- Establishment unit
- 2.378.128.8081674 Pepingen, since 29-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 17-09-2025
Insights on VDL-Construct
VDL-Construct files the micro format. That format states no turnover. The gross margin fell from €16,138 in 2022 to -€1,188 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late-€1,188
-€1,588
-€2,845
▼ €2,716
-€1,402
▼ €2,845
-8.5%
▼ 17.6 percentage points
0.92
▼ 0.18
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €16,484 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
-8.5%
Higher than 8% of 37,211 companies in 2025.
0.92
Higher than 18% of 36,505 companies in 2025.
-17.3%
Higher than 9% of 36,740 companies in 2025.
VDL-Construct
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
16,484 | 15,926 | 15,926 | 22,160 | |
21/28 |
- | - | - | 15,570 | |
22/27 |
- | - | - | 15,570 | |
24 |
- | - | - | 15,570 | |
29/58 |
16,484 | 15,926 | 15,926 | 6,589 | |
40/41 |
16,484 | 15,926 | 15,620 | 42 | |
40 |
15,438 | 15,620 | 15,620 | 42 | |
41 |
1,046 | 306 | - | - | |
54/58 |
- | - | - | 4,024 | |
490/1 |
- | - | 306 | 2,524 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
16,484 | 15,926 | 15,926 | 22,160 | |
10/15 |
-1,402 | 1,443 | 1,572 | 7,793 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
4,793 | 4,793 | 4,793 | 4,793 | |
133 |
4,793 | 4,793 | 4,793 | 4,793 | |
14 |
-9,195 | -6,350 | -6,221 | - | |
17/49 |
17,887 | 14,483 | 14,354 | 14,367 | |
17 |
- | - | - | 7,534 | |
178/9 |
- | - | - | 7,534 | |
42/48 |
17,887 | 14,483 | 14,354 | 6,833 | |
42 |
- | - | - | 3,642 | |
43 |
2,879 | 686 | 557 | - | |
430/8 |
2,879 | 686 | 557 | - | |
44 |
740 | 1,375 | 4,274 | 50 | |
440/4 |
740 | 1,375 | 4,274 | 50 | |
45 |
- | - | - | 2,900 | |
450/3 |
- | - | - | 2,900 | |
47/48 |
14,267 | 12,422 | 9,523 | 240 | |
| Income statement | |||||
9900 |
-1,188 | 0 | 9,551 | 16,138 | |
630 |
- | - | - | 6,699 | |
640/8 |
400 | 0 | 15,570 | 375 | |
9901 |
-1,588 | 0 | -6,019 | 9,064 | |
65/66B |
1,257 | 129 | 203 | 571 | |
65 |
1,257 | 129 | 203 | 571 | |
9903 |
-2,845 | -129 | -6,222 | 8,493 | |
67/77 |
- | 0 | -1 | 2,900 | |
9904 |
-2,845 | -129 | -6,221 | 5,593 | |
9905 |
-2,845 | -129 | -6,221 | 5,593 | |
| Appropriation of the result | |||||
9906 |
-9,195 | -6,350 | -6,221 | 5,593 | |
14P |
-6,350 | -6,221 | 0 | - | |
691/2 |
- | - | - | 4,793 | |
6921 |
- | - | - | 4,793 | |
694/7 |
- | - | - | 800 | |
694 |
- | - | - | 800 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00426067.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| - | - | - | 15,763 | ||
| - | - | - | 12,292 | ||
| 0 | - | - | 22,270 | ||
| -1,402 | 1,443 | 1,572 | -244 | ||
| -8.5% | 9.1% | 9.9% | 35.2% | ||
| 0.92 | 1.10 | 1.11 | 0.96 | ||
| - | 10.04 | 9.13 | 1.84 | ||
| - | -9.0% | -395.8% | 71.8% | ||
| -17.3% | -0.8% | -39.1% | 25.2% | ||
| - | - | - | 27.61 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €22,270 |
| Financial fixed assets | €0 | - | - | - |
| - | - | - | €6,699 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VDL-Construct
The operating result for 2025 is a loss of €1,588, after a result of zero in 2024.
Equity is negative. Debt (€17,887) exceeds the balance-sheet total (€16,484).
Board & ownership
Board
1 director, since incorporationNiet statutaire bestuurder van het type a
since 29-07-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 26-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 02-08-2021
Mandates through the years
1 name, the dashed line is todayNiet statutaire bestuurder van het type a
Board
Mandates as a list
-
- Niet statutaire bestuurder van het type a, from 29-07-2021 to date
Control
Founder
This company
VDL-Construct
Equity -€1,402
Loss €2,845 in 2025
Capital
- Contribution
- €3,000
- Shares
- 300
- Contribution per share
- €10
- Equity per share
- -€4.67 in 2025
- Source
- deed of 02-08-2021
Articles of association
deed of 02-08-2021 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie…”
Shareholders
At incorporation
deed of 02-08-2021 ↗
- 300 shares (100%) · €3,000
Network & group
No group
VDL-Construct has no parent and no holdings in its annual accounts. is the only director. VDL-Construct shares no director with another company.
Timeline
Timeline
8 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Annual accounts 2024 filed PDFmicro format · 125 days late
Annual accounts 2023 filed PDFmicro format · 464 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0771839490
2023
Weakest financial year net -€6,221 The net result drops to -€6,221, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 11 days before the deadline
2021
IncorporationFounding capital of €3,000, 300 shares · Founder: · Appointment: (niet statutaire bestuurder van het type a) · published on 02-08-20216 points ▸
- Founder,
- Founding capital, €3,000, 300 shares
- holds 300 shares
- Registered office clause, Hondzochtstraat 53/C, 1674 Pepingen (Bellingen)
- Board rule, 1
- Director appointment, (niet statutaire bestuurder van het type a)
- The deed holds 1 more point.
First establishment Hondzochtstraat 53, Pepingen
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0771.839.490
- VAT number
- BE 0771.839.490
- Peppol ID
- 0208:0771839490
- Other Peppol ID
- 9925:BE0771839490
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-07-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 20:00deed of 02-08-2021 (in Dutch)
- Peppol
- Reachable since 17-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VDL-Construct in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 02-08-2021 (in Dutch)
Activities
NACEBEL 202543320
Joinery installation main activity
43341
Painting of buildings
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen,het oordeelkundig uitbouwen,het beheren en verhandelen van een onroerend vermogen; Het bouwen,herstellen en onderhouden van…”deed of 02-08-2021 (in Dutch)
22 activities
- Het aanleggen,het oordeelkundig uitbouwen,het beheren en verhandelen van een onroerend vermogen
- Het bouwen,herstellen en onderhouden van wegen
- Het uitvoeren van rioleringswerken
- Het leggen van kabels en diverse leidingen
- Het aanleggen van speelpleinen,sportvelden,parken en tuinen
- Het uitvoeren van algemene bouwactiviteiten (de gereglementeerde activiteiten worden door onderaannemers uitgevoerd)
- Het bouwen van stellingen,alsmede het invoegen en reinigen van gevels
- Het optrekken van nietmetalen uiteenneembare paviljoenen en barakken
- Het plaatsen van ijzerwerk,metalen luiken en metalen schrijnwerk
- Het plaatsen van ventilatie en verluchting,van verwarming met warme lucht,van luchtregeling en industriële pijpleidingen
- Het maken en monteren van metalen constructies
- Het bedekken van buitenoppervlakten van kroonlijsten bij middel van sierplaten in plastiek
- Het plaatsen van valse zolderingen en van verplaatsbare scheidingswanden
- Het plaatsen van chapes
- Het leggen van parketvloeren
- Het leggen van warmte en geluidsisolering
- Het uitvoeren van grondwerken
- Het verwerven,het verkopen,het verhuren,het bemiddelen in aankoop,verkoop en verhuur van onroerende en roerende goederen
- Het importeren en exporteren van alle goederen en machines die voor de hierboven en hieronder vermelde activiteiten en beroepen kunnen gebruikt worden
- Het optreden als tussenpersoon in handel
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- Alle verrichtingen,studies en operaties met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de aanpassing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hondzochtstraat 53 registered office 1674 Pepingen | 29-07-2021 | 2.378.128.808 |
Buildings and parcels at the address
- Ground area
- 365 m²
- Buildings
- 197 m²
- Volume, LiDAR
- 909 m³
- Tallest building
- 11.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23007B0228/00K000 | 365 m² | 1 · 197 m² | 11.8 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0771.839.490