Vercammen Construct
ActiveSummary
Vercammen Construct has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4,371 and a net result of €9,989. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+29
Solvency37▲+29
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.3%
Return on assets
28.1%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
27 d early
2023
28 d early
2022
32 d early
2021
31 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 3 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€4,371
2024 · -€5,618
Total assets
€35,499▲ 8.3%
2024 · €32,780
Net result
€9,989▲ 562%
2024 · €1,509
Working capital
€307
2024 · -€12,870
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,512€20,715€5,441▼ 73.7%€10,871▲ 99.8%€24,801▲ 128%
Net result-€17,276below the sector's middle half€16,446within the sector's middle half€654within the sector's middle half▼ 96.0%€1,509within the sector's middle half▲ 131%€9,989within the sector's middle half▲ 562%
Equity-€24,226below the sector's middle half▼ 249%-€7,780below the sector's middle half▲ 67.9%-€7,127below the sector's middle half▲ 8.4%-€5,618below the sector's middle half▲ 21.2%€4,371below the sector's middle half
Total assets€48,987below the sector's middle half▲ 14.1%€54,595below the sector's middle half▲ 11.4%€46,322below the sector's middle half▼ 15.2%€32,780below the sector's middle half▼ 29.2%€35,499below the sector's middle half▲ 8.3%
Debt€73,213▲ 46.8%€62,375▼ 14.8%€53,448▼ 14.3%€38,398▼ 28.2%€31,128▼ 18.9%
Working capital-€41,128below the sector's middle half▼ 46.6%-€28,929below the sector's middle half▲ 29.7%-€20,402below the sector's middle half▲ 29.5%-€12,870below the sector's middle half▲ 36.9%€307below the sector's middle half
Solvency-49.5%below the sector's middle half▼ 33.3pp-14.3%below the sector's middle half▲ 35.2pp-15.4%below the sector's middle half▼ 1.1pp-17.1%below the sector's middle half▼ 1.8pp12.3%below the sector's middle half▲ 29.5pp
Current ratio0.39below the sector's middle half▲ 0.070.53below the sector's middle half▲ 0.140.62below the sector's middle half▲ 0.080.66below the sector's middle half▲ 0.051.01below the sector's middle half▲ 0.35
Return on assets (ROA)-35.3%below the sector's middle half▼ 42.6pp30.1%above the sector's middle half▲ 65.4pp1.4%within the sector's middle half▼ 28.7pp4.6%within the sector's middle half▲ 3.2pp28.1%above the sector's middle half▲ 23.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 128% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35,499
Fixed assets
€4,064 ▼ 44.0%
Current assets
€31,435 ▲ 23.1%
Equity and liabilities €35,499
Equity
€4,371
Debt
€31,128
Debt finances 87.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€27,989▲
2024 · €17,165
Cash flow
€13,177▲
2024 · €7,803
Quick ratio
0.95▲
2024 · 0.18
Debt to equity
7.12▲
2024 · -6.84
ROE
228.5%
Interest coverage
2.29▲
2024 · 1.88
Debt ≤ 1 year
€31,128▼
2024 · €38,398
Income taxes
€2,595▲
2024 · €228
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €438 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,819 | €12,033 | €10,459 | €6,294 | €3,189 | ▼ 49.3% |
| Other operating charges640/8 | - | €836 | €1,511 | €703 | €169 | ▼ 76.0% |
| Gross operating margin9900 | €845 | €33,584 | €17,411 | €17,868 | €28,158 | ▲ 57.6% |
| Operating profit (loss)9901 | -€13,512 | €20,715 | €5,441 | €10,871 | €24,801 | ▲ 128% |
| Financial income75/76B | - | €2 | €5 | €9 | €11 | ▲ 28.1% |
| Recurring financial income75 | €82 | €2 | €5 | €9 | €11 | ▲ 28.1% |
| Financial charges65/66B | - | €4,036 | €4,594 | €9,143 | €12,228 | ▲ 33.7% |
| Recurring financial charges65 | €3,663 | €4,036 | €4,594 | €9,143 | €12,228 | ▲ 33.7% |
| Profit (loss) for the period before taxes9903 | -€17,092 | €16,681 | €852 | €1,737 | €12,584 | ▲ 625% |
| Income taxes67/77 | €184 | €235 | €198 | €228 | €2,595 | ▲ 1,040% |
| Profit (loss) for the period9904 | -€17,276 | €16,446 | €654 | €1,509 | €9,989 | ▲ 562% |
| Profit (loss) for the period to be appropriated9905 | -€17,276 | €16,446 | €654 | €1,509 | €9,989 | ▲ 562% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,987 | €54,595 | €46,322 | €32,780 | €35,499 | ▲ 8.3% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €22,644 | €21,595 | €13,547 | €7,253 | €4,064 | ▼ 44.0% |
| Intangible fixed assets21 | €7,561 | €6,145 | €3,861 | €2,470 | €1,079 | ▼ 56.3% |
| Tangible fixed assets22/27 | €15,083 | €15,450 | €9,686 | €4,783 | €2,985 | ▼ 37.6% |
| Plant, machinery and equipment23 | - | €8,020 | €4,949 | €2,426 | €1,238 | ▼ 49.0% |
| Furniture and vehicles24 | - | €7,430 | €2,508 | €369 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €2,229 | €1,988 | €1,747 | ▼ 12.1% |
| Current assets29/58 | €26,343 | €33,000 | €32,775 | €25,528 | €31,435 | ▲ 23.1% |
| Stocks and contracts in progress3 | €6,250 | €9,150 | €22,935 | €18,650 | €2,000 | ▼ 89.3% |
| Stocks30/36 | - | €3,500 | €13,985 | €11,150 | €2,000 | ▼ 82.1% |
| Contracts in progress37 | - | €5,650 | €8,950 | €7,500 | - | - |
| Amounts receivable within one year40/41 | €6,488 | €23,649 | €9,612 | €6,606 | €29,207 | ▲ 342% |
| Trade receivables40 | - | €20,419 | €9,612 | €6,606 | €26,990 | ▲ 309% |
| Other amounts receivable41 | - | €3,230 | - | - | €2,217 | - |
| Cash at bank and in hand54/58 | €1,092 | €18 | €44 | €80 | €27 | ▼ 66.6% |
| Deferred charges and accrued income490/1 | - | €182 | €184 | €192 | €201 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,987 | €54,595 | €46,322 | €32,780 | €35,499 | ▲ 8.3% |
| Equity10/15 | -€24,226 | -€7,780 | -€7,127 | -€5,618 | €4,371 | ▲ 178% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,166 | €6,166 | €6,166 | €6,166 | €6,166 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €4,306 | €4,306 | €6,166 | €6,166 | = |
| Profit (loss) carried forward14 | -€36,592 | -€20,146 | -€19,492 | -€17,983 | -€7,994 | ▲ 55.5% |
| Amounts payable17/49 | €73,213 | €62,375 | €53,448 | €38,398 | €31,128 | ▼ 18.9% |
| Amounts payable after more than one year17 | €5,743 | €446 | - | - | - | - |
| Financial debts170/4 | - | €446 | - | - | - | - |
| Amounts payable within one year42/48 | €67,471 | €61,929 | €53,177 | €38,398 | €31,128 | ▼ 18.9% |
| Current portion of amounts payable after more than one year42 | - | €5,297 | €9,613 | €9,643 | €9,000 | ▼ 6.7% |
| Financial debts43 | - | €12,465 | €10,813 | €12,390 | €12,264 | ▼ 1.0% |
| Credit institutions430/8 | - | €12,465 | €10,813 | €12,390 | €12,264 | ▼ 1.0% |
| Trade debts44 | €12,682 | €24,487 | €6,499 | €7,231 | €6,267 | ▼ 13.3% |
| Suppliers440/4 | - | €24,487 | €6,499 | €7,231 | €6,267 | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €815 | €2,818 | €6,436 | €3,415 | ▼ 46.9% |
| Taxes450/3 | - | €815 | €2,818 | €6,436 | €3,415 | ▼ 46.9% |
| Other amounts payable47/48 | - | €18,866 | €23,435 | €2,698 | €181 | ▼ 93.3% |
| Accrued charges and deferred income492/3 | - | - | €272 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,276 | €16,446 | €654 | €1,509 | €9,989 | ▲ 562% |
| + Depreciation and write-downs630 | €13,819 | €12,033 | €10,459 | €6,294 | €3,189 | ▼ 49.3% |
| Operating cash flow (approximation) | -€3,458 | €28,479 | €11,112 | €7,803 | €13,177 | ▲ 68.9% |
| Investment in fixed assets (approximation) | - | -€10,984 | -€2,410 | €0 | €0 | - |
| Change in cash | - | -€1,074 | €26 | €36 | -€54 | ▼ 248% |
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
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €16,446
Net result €16,446 after one loss-making year.
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€17,276
Net result drops to -€17,276, the lowest in the series; recovery starts the following year.
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €3,155
Net result €3,155 after one loss-making year.
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
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 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Dendermonde · 1 establishment unit since 2009
Ground area
729 m²
Building footprint
183 m²
Volume, LiDAR
852 m³
Parcel 42021C0411/00A002, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
vercammen construct - v4rent
since 20092.181.589.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021C0411/00A002 | Flanders | 729 m² | 1 · 183 m² | 9.9 m · 1 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.
Similar companies · same sector, comparable size
GF Total Flooring & Interior
BE 1007.666.385
Malle · Eq €4,370
DB CARRELAGES
BE 0788.514.780
Lierneux · Eq €4,304
B.R CONCEPT
BE 0644.656.555
Erquelinnes · Eq €4,472
JK vloer- en tegelwerken
BE 0692.838.930
Geel · Eq €4,514
QUERRIAU CARRO
BE 0788.562.785
La Louvière · Eq €4,219
Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 659 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
Founded02-10-2009
Fiscal year end31-03
Activities, NACEBEL 2025
43331Floor and wall tiling
43310Plastering work
43320Joinery installation
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0819190833
Also
9925:BE0819190833
Registered
05-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.