VDN Construct
VDN Construct has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357k and a net result of €55k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 939 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €357k |
| Net result | €55k |
| Staff (FTE) | 3.4 |
| Better than sector | 79% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.2% | 45.7% | |
| Net result | €55k | €11k | |
| Equity | €357k | €56k | |
| Gross operating margin | €343k | €43k | |
| Staff costs | €217k | €46k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €125k | €105k | €117k | €90k | €112k |
| Net profit | €55k | €47k | €49k | €25k | €50k |
| Cash flow | €103k | €93k | €100k | €84k | €100k |
| Staff costs | €217k | €152k | €110k | €106k | €129k |
| Income taxes | €17k | €13k | €13k | €7k | €13k |
| Dividends | - | - | - | - | - |
| Total assets | €501k | €459k | €495k | €390k | €472k |
| Equity | €357k | €301k | €255k | €205k | €180k |
| Debt | €145k | €157k | €240k | €184k | €292k |
| of which ≤ 1y | €145k | €140k | €191k | €98k | €165k |
| of which > 1y | €0 | €18k | €49k | €86k | €127k |
| Working capital | €253k | €214k | €177k | €126k | €88k |
| Employees (FTE) | 3.4 | 2.9 | 3.0 | 2.5 | 2.5 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.75 | 2.53 | 1.93 | 2.29 | 1.54 |
| Quick ratio | 2.75 | 2.53 | 1.91 | 1.22 | 1.54 |
| Working capital ratio | 50.5% | 46.7% | 35.8% | 32.4% | 18.7% |
| Solvency | 71.2% | 65.7% | 51.5% | 52.7% | 38.1% |
| Debt / equity | 0.41 | 0.52 | 0.94 | 0.90 | 1.62 |
| Long-term debt ratio | 0.00 | 0.06 | 0.19 | 0.42 | 0.71 |
| Interest coverage | 14.21 | 35.36 | 14.39 | 16.85 | 28.33 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 11.0% | 10.1% | 10.0% | 6.5% | 10.7% |
| ROE | 15.5% | 15.4% | 19.4% | 12.3% | 28.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €501k | €459k | €495k | €390k | €472k |
| Fixed assets | 21/28 | €103k | €105k | €126k | €165k | €219k |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €103k | €105k | €126k | €165k | €219k |
| Current assets | 29/58 | €398k | €354k | €369k | €224k | €253k |
| Stocks & contracts in progress | 3 | - | €0 | €2k | €105k | - |
| Amounts receivable within one year | 40/41 | €314k | €190k | €211k | €83k | €234k |
| Cash & bank | 54/58 | €69k | €151k | €149k | €24k | €10k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €501k | €459k | €495k | €390k | €472k |
| Equity | 10/15 | €357k | €301k | €255k | €205k | €180k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €338k | €283k | €236k | €187k | €161k |
| Amounts payable | 17/49 | €145k | €157k | €240k | €184k | €292k |
| Amounts payable after one year | 17 | €0 | €18k | €49k | €86k | €127k |
| Amounts payable within one year | 42/48 | €145k | €140k | €191k | €98k | €165k |
| Trade debts payable within one year | 44 | €77k | €83k | €83k | €42k | €90k |
| Income statement | ||||||
| Gross operating margin | 9900 | €343k | €259k | €229k | €199k | €243k |
| Operating result | 9901 | €77k | €58k | €67k | €31k | €63k |
| Financial income | 75 | €4k | €4k | €4k | €6k | €4k |
| Financial charges | 65 | €9k | €3k | €8k | €5k | €4k |
| Result before taxes | 9903 | €73k | €59k | €63k | €32k | €63k |
| Income taxes | 67/77 | €17k | €13k | €13k | €7k | €13k |
| Net result for the period | 9904 | €55k | €47k | €49k | €25k | €50k |
| Result to be appropriated | 9905 | €55k | €47k | €49k | €25k | €50k |
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2018 |
| Status | Active |
| Postal code | 2242 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11033A0051/00N000 | Flanders | 3,567 m² | 1 · 169 m² | 10.2 m · 1 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
23-12-2022 Van Dijck Nick reappointed as non-statutory director
- Van Dijck Nick, Niet-statutair bestuurder
Technical details
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"notary": {
"name": "Karin POELEMANS",
"firm_city": null,
"firm_name": "NOTARIS POELEMANS - SCHILDE",
"office_city": "Schild\u0435",
"is_associated": true
},
"act_meta": {
"language": "nl",
"pub_date": "2022-12-23",
"filing_date": "2022-12-21",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-12-13",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2022-12-13",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2022-12-13",
"unanimous": true
},
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2022-12-13",
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{
"body": "enig_aandeelhouder_schriftelijk",
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"is_correction": false,
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"co_filed_documents": [
"afschrift der akte",
"co\u00F6rdinatie van de statuten",
"lijst der publicatiedata"
],
"corrected_publication_numac": null
}12-04-2022 Registered office moved from Zandhoven to Puiderbos
- Dorpsstraat 102/2 2243 Zandhoven → Rusthuislaan 13 te 2242 Puiderbos
Technical details
{
"events": [
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"new_address": {
"raw": "Rusthuislaan 13 te 2242 Puiderbos",
"city": "Puiderbos",
"region": "vlaams_gewest",
"street": "Rusthuislaan",
"country": "BE",
"postcode": "2242",
"box_number": null,
"street_number": "13",
"locality_suffix": null
},
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"postcode": "2243",
"box_number": "2",
"street_number": "102",
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"effective_date": "2022-03-14",
"evidence_quote": "Heden beslist het bestuursorgaan dat met ingang vanaf 14 maart 2022 de zetel van de vennootschap gewijzigd wordt van Dorpsstraat 102 bus 2 te 2243 Zandhoven naar Rusthuislaan 13 te 2242 Puiderbos.",
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"act_meta": {
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"pub_date": "2022-04-12",
"filing_date": "2022-03-30",
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"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}| Legal nameNL | VDN Construct |