VdV Construction

Active

Private limited companyfounded 201313 yrs activeSint-Jansteenstraat(KEM) 8, 9190 Stekene, BelgiumKBO/BCE: BE 0535.699.524

VdV Construction has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €28k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Watch Print / PDF

Checked score

Score 2024

93 / 100

Excellent▼ -1 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency98▲+12

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 5.82 against 1.99 in 2023), and 41.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

19 d early

2022

5 d early

2021

5 d early

2020

3 d early

2019

2 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€127k▲ 28.8%

2023 · €99k

2018: €49k 2019: €44k 2020: €31k 2021: €49k 2022: €61k 2023: €99k

2018 → 2024

Total assets

€217k▼ 7.0%

2023 · €233k

2018: €105k 2019: €77k 2020: €167k 2021: €212k 2022: €205k 2023: €233k

2018 → 2024

Net result

€28k▼ 45.5%

2023 · €52k

2018: €30k 2019: €-4k 2020: €-13k 2021: €18k 2022: €12k 2023: €52k

2018 → 2024

Working capital

€81k▲ 69.6%

2023 · €48k

2018: €26k 2019: €32k 2020: €2k 2021: €2k 2022: €11k 2023: €48k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€31k-€49k▲ 57.6%€61k▲ 25.3%€99k▲ 62.1%€127k▲ 28.8%

Operating result€-11k-€20k€14k▼ 27.9%€67k▲ 370%€38k▼ 43.5%

Net result€-13k-€18k€12k▼ 30.9%€52k▲ 324%€28k▼ 45.5%

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 2024; 2024 is 44% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €217k

54.9%

45.1%

Fixed assets €119k▼ 13.3%

Current assets €98k▲ 1.9%

Equity and liabilities €217k

58.6%

41.4%

Equity €127k▲ 28.8%

Debt €90k▼ 33.3%

The debt ratio falls from 57.7% to 41.4%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€58k▼

2023 · €87k

Cash flow

€48k▼

2023 · €72k

Solvency

58.6%▲

2023 · 42.3%

Current ratio

5.82▲

2023 · 1.99

Quick ratio

5.27▲

2023 · 1.77

Debt / equity

0.71▼

2023 · 1.37

ROE

22.3%▼

2023 · 52.8%

ROA

13.1%▼

2023 · 22.3%

Interest coverage

36.62▼

2023 · 52.65

Debt

€90k▼

2023 · €135k

Debt ≤ 1 year

€17k▼

2023 · €48k

Debt > 1 year

€73k▼

2023 · €86k

Income taxes

€8k▼

2023 · €14k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€233k€217k▼

Fixed assets21/28€137k€119k▼

Tangible fixed assets22/27€137k€119k▼

Land and buildings22€98k€89k▼

Plant, machinery and equipment23€10k€8k▼

Furniture and vehicles24€29k€21k▼

Current assets29/58€96k€98k▲

Stocks and contracts in progress3€11k€9k▼

Stocks30/36€11k€9k▼

Amounts receivable within one year40/41€25k€35k▲

Trade receivables40€18k€29k▲

Other amounts receivable41€7k€7k▼

Cash at bank and in hand54/58€34k€37k▲

Deferred charges and accrued income490/1€26k€16k▼

Equity and liabilities

Total equity and liabilities10/49€233k€217k▼

Equity10/15€99k€127k▲

Contributions10/11€20k€20k=

Reserves13€12k€12k=

Distributable reserves133€12k€12k=

Profit (loss) carried forward14€67k€95k▲

Amounts payable17/49€135k€90k▼

Amounts payable after more than one year17€86k€73k▼

Financial debts170/4€86k€73k▼

Amounts payable within one year42/48€48k€17k▼

Current portion of amounts payable after more than one year42€13k€13k▼

Trade debts44€13k€2k▼

Suppliers440/4€13k€2k▼

Taxes, remuneration and social security45€4k€0▼

Taxes450/3€4k€0▼

Other amounts payable47/48€18k€2k▼

Accrued charges and deferred income492/3€436€0▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼

Other operating charges640/8€2k€2k▲

Gross operating margin9900€89k€59k▼

Operating profit (loss)9901€67k€38k▼

Financial income75/76B€490€23▼

Recurring financial income75€490€23▼

Financial charges65/66B€2k€2k▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€66k€36k▼

Income taxes67/77€14k€8k▼

Profit (loss) for the period9904€52k€28k▼

Profit (loss) for the period to be appropriated9905€52k€28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€91k€95k▲

Profit (loss) brought forward from the previous period14P€39k€67k▲

Transfer to equity691/2€10k€0▼

To other reserves6921€10k€0▼

Profit to be distributed694/7€14k€0▼

Return on contributions (dividend)694€14k€0▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity triplescurrent ratio 5.82

Current ratio from 1.99 to 5.82; short-term debt falls from €48k to €17k.

31-12

Financial Equity above €100kEq €127k ▲28.8%

4 profitable years in a row build equity to €127k.

12-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2018net €52k ▲324%

Operating result €67k, net result €52k, both a record.

26-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

26-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Back to profitnet €18k

Net result €18k after 2 loss-making years.

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series; recovery starts the following year.

29-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

23-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

25-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

30-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2024

Davy Van de Voorde

Non-statutory director · since 07-03-2023

Current

Tamara De Bock

Non-statutory director · since 07-03-2023

Current

21-08-2024 Tamara De Bock: Resigned as Director

07-03-2023 Davy Van de Voorde: Resigned as Director

07-03-2023 Davy Van de Voorde: Appointed as Non-statutory director

07-03-2023 Tamara De Bock: Resigned as Director

07-03-2023 Tamara De Bock: Appointed as Non-statutory director

Location & real-estate footprint

Registered office, Stekene · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Sint-Jansteenstraat(KEM) 89190 Stekene

Ground area

1,012 m²

Building footprint

131 m²

Volume, LiDAR

1,947 m³

Parcel 46011B0624/00C000, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

VdV Construction bv

Sint-Jansteenstraat(KEM) 8, 9190 StekeneFloor and wall tiling

since 20132.237.020.730

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46011B0624/00C000	Flanders	1,012 m²	1 · 131 m²	19.9 m · 5 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.

Recognitions · licences · registrations

Recognised contractor

14 categories

VdV Construction BV40042

category D, class 1 · category D1, class 1 · category D10, class 1 · category D11, class 1 · category D13, class 1 · category D14, class 1 · category D15, class 1 · category D16, class 1 · category D4, class 1 · category D5, class 1 · category D8, class 1 · category G, class 1 · category G3, class 1 · category G5, class 1

decision 06-02-2025