Starting capital
€3,000 100 shares
VDW CONSTRUCT
Overview
Lifetime
1 annual account with figurespeak -€956 (2024)
-€956
lowest -€956 (2024)
-€956
peak €2,045 (2024)
€2,045
€1,134
Board2 names since 2024
2 directorsDOR Bertrand and 1 other
Documentsfilings and deeds
31-10-202592 days late
2024micro format
Loss of €956Incorporation 14-101 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsPosition in the sector
€2,045
Less equity than 86% of companies in construction of buildings. Sector median €45,395 · 9,844 companies.
2024 accounts filed 92 days after the deadlineTurnover not published (micro format)
Checked score
49
Fair
Financially stronger than 55% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 1.7%
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025lowest value
02-2026: 1.8%▲ +0.1 percentage points vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.9%▲ +0.1 percentage points vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 2.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.6 percentage points vs 07-2026
09-2026: 2.9%▲ +0.3 percentage points vs 08-2026
10-2026: 4.1%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 4.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 1 of the last 3 accounts late
Founded in 2024
Figures for financial year 2024 (filed on 31-10-2025)
Size: total assets €3,179
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 74% of them on solvency, 86% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as VDW CONSTRUCT has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDW CONSTRUCT itself: 4.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,223 companies, not a prediction for VDW 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
No publishable credit limit, so credit only on tighter terms
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2024 accounts filed 92 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 92 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- DOR Bertrand 50 sharesdeed of 14-10-2024
- VAN WYMEERSCH Angélique 50 sharesdeed of 14-10-2024
Recent changes
Incorporation
Founding capital of €3,000, 100 shares · Founders: DOR Bertrand (comparant) and VAN WYMEERSCH Angélique (comparante) · Appointments: DOR Bertrand (statutory director) and VAN WYMEERSCH Angélique (statutory director) · published on 14-10-2024 · Gazette deed
First establishment
Rue des Ecoles 2A, Bernissart
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VDW CONSTRUCT Bernissart | €3,179 | -€956 | 64.3% | - |
| INNOVATIVA Forest | €3,369 | -€561 | -27.7% | - |
| OL Renovaties Oudenburg | €2,868 | -€2,860 | -7.7% | - |
| AZ SERVICES Kraainem | €3,142 | €951 | 82.7% | - |
| ARCNOVA Diest | €3,154 | -€1,176 | 25.6% | - |
| VDG & CO Melle | €2,661 | -€1,965 | -24.9% | - |
| Entreprise Générale & Rénovation Totale Sint-Genesius-Rode | €2,745 | €849 | 92.7% | - |
These companies have the same main activity as VDW CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2,660 and €3,370, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 10-10-2024Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.368.631.1227321 Bernissart, since 10-10-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on VDW CONSTRUCT
The computed 12-month bankruptcy probability of VDW CONSTRUCT is 4.1% (elevated). The 2024 annual accounts show equity of €2,045 and a net result of -€956.
Its solvency ranks better than 73% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 31-10-2025, 92 days late-€956
-€956
-€956
€2,045
-
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €3,179 on 31-12-2024What the company ownsHow it is paid for
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
3,179 | |
29/58 |
3,179 | |
40/41 |
179 | |
41 |
179 | |
54/58 |
3,000 | |
| Balance sheet: equity and liabilities | ||
10/49 |
3,179 | |
10/15 |
2,045 | |
10/11 |
3,000 | |
14 |
-956 | |
17/49 |
1,134 | |
42/48 |
1,134 | |
44 |
1,134 | |
440/4 |
1,134 | |
| Income statement | ||
9900 |
-956 | |
9901 |
-956 | |
9903 |
-956 | |
9904 |
-956 | |
9905 |
-956 | |
| Appropriation of the result | ||
9906 |
-956 | |
| Document | ||
The notes to these accounts have 2 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 2024 at the NBB, filed on 31-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 92 days after the deadline. Filed on 31 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00563117.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 31-10-2025 | 2025-00563117 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 |
|---|---|---|
| 2,045 |
The ratios are withheld because a balance sheet total of €3,179 is too small for a meaningful ratio.
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.
Insights on VDW CONSTRUCT
Debt's share of the balance-sheet total is 35.7%.
Board & ownership
Board
2 directors, since incorporationStatutory director
since 10-10-2024
term without a fixed end
listed in the 2024 annual accounts, filed on 31-10-2025
Statutory director
since 10-10-2024
term without a fixed end
listed in the 2024 annual accounts, filed on 31-10-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 14-10-2024
Mandates through the years
2 names, the dashed line is todayDOR Bertrand
Statutory director
Statutory director
VAN WYMEERSCH Angélique
Statutory director
Statutory director
Board
Mandates as a list
- DOR Bertrand
- Statutory director, from 10-10-2024 to date
- VAN WYMEERSCH Angélique
- Statutory director, from 10-10-2024 to date
Control
Founders
This company
VDW CONSTRUCT
Equity €2,045
Loss €956 in 2024
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €20.45 in 2024
- Source
- deed of 14-10-2024
Articles of association
deed of 14-10-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tout transfert à titre particulier ou universel,onéreux ou gratuit,entre vifs ou à cause de mort, écrit d au moins moitié des actionnaires…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Tuesday of June at 16:00
Shareholders
At incorporation
deed of 14-10-2024 ↗
- DOR Bertrand 50 shares (50%) · €1,500
- VAN WYMEERSCH Angélique 50 shares (50%) · €1,500
Network & group
No group
VDW CONSTRUCT has no parent and no holdings in its annual accounts. VDW CONSTRUCT shares no director with another company.
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2025
Annual accounts 2024 filed NBBmicro format · 92 days late
2024
IncorporationFounding capital of €3,000, 100 shares · Founders: DOR Bertrand (comparant) and VAN WYMEERSCH Angélique (comparante) · Appointments: DOR Bertrand (statutory director) and VAN WYMEERSCH Angélique (statutory director) · published on 14-10-20245 points ▸
- Director appointment, DOR Bertrand (statutory director)
- Director appointment, VAN WYMEERSCH Angélique (statutory director)
- Founder, DOR Bertrand (comparant)
- Founder, VAN WYMEERSCH Angélique (comparante)
- Founding capital, €3,000, 100 shares
- The deed holds 3 more points.
First establishment Rue des Ecoles 2A, Bernissart
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1014.906.545
- VAT number
- BE 1014.906.545
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Tuesday of June at 16:00deed of 14-10-2024 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- VDW CONSTRUCT in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-10-2024 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
Codes under NACEBEL 2008
41201
General construction of buildings main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations immobilières et foncières, à savoir notamment l’achat, la vente, les opérations de transformation, d’aménagement, de…”deed of 14-10-2024 (in French)
9 activities
- Toutes opérations immobilières et foncières, à savoir notamment l’achat, la vente, les opérations de transformation, d’aménagement, de conclusion de baux commerciaux et/ou civils, de sous-location, d’échange et vente de tous immeubles, le lotissement et la mise en valeur de tous biens immeubles
- Toutes prestations de conseils et services dans le secteur immobilier, en ce compris la gestion de projet et l’administration de toutes sociétés à finalité immobilière et notamment l’activité de syndic d’immeuble
- La promotion immobilière, en ce compris la vente sur plan
- Toutes prestations de gestion de patrimoine immobilier au sens le plus large du terme
- Contracter ou consentir tous emprunts hypothécaires ou non, sauf dans la mesure ou ceux-ci seraient réservés en vertu de la loi aux banques de dépôts ou autres organismes
- L’étude et la réalisation de tous travaux de construction, la conception et la construction de tous bâtiments et édifices résidentiels ou non, l’étude et la réalisation de décorations tant intérieures qu’extérieures
- Toutes opérations se rapportant directement ou indirectement à l’entretien, la rénovation, les travaux de réparations, d’embellissements, de renouvellement et de modernisation, et la maintenance de tous les types d’ouvrages d’art, de biens immeubles, et plus généralement toutes opérations se rapportant directement ou indirectement au secteur des travaux du bâtiment
- Tous travaux liés à la construction de bâtiments ou leur rénovation, et notamment les travaux de gros œuvre, d’isolation, de toitures, d’égouttage, d’installation électrique, de domotique, de plomberie, de chauffage, de finition au sens le plus large, de plâtrerie, de menuiserie, de revêtement des sols et des murs, de peinture et vitrerie, etc.
- La dation en location de matériel de construction (engins, outils, etc.)
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue des Ecoles 2A registered office 7321 Bernissart 68110 Buying and selling of own real estate | 10-10-2024 | 2.368.631.122 |
Buildings and parcels at the address
- Ground area
- 369 m²
- Buildings
- 81 m²
- Volume, LiDAR
- 592 m³
- Tallest building
- 9.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57009C0443/00C000 | 369 m² | 1 · 81 m² | 9.3 m · 2 |
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 1014.906.545