VF-Construct
ActiveVF-Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243k and a net result of €27k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 1902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+2
Solvency74▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.84 in 2024; short-term debt: 15.6% and cash: 4.3% of total assets), and 51.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.9%
Return on assets
5.4%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
25 d early
2022
3 d early
2021
30 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€243k▲ 12.4%
2024 · €216k
2018: €105k
2019: €142k
2020: €168k
2021: €179k
2022: €183k
2023: €197k
2024: €216k
2018 → 2025
Total assets
€496k▼ 9.7%
2024 · €549k
2018: €156k
2019: €202k
2020: €199k
2021: €460k
2022: €440k
2023: €467k
2024: €549k
2018 → 2025
Net result
€27k▲ 42.3%
2024 · €19k
2018: €35k
2019: €37k
2020: €26k
2021: €11k
2022: €4k
2023: €14k
2024: €19k
2018 → 2025
Working capital
€4k
2024 · €-22k
2018: €62k
2019: €106k
2020: €137k
2021: €73k
2022: €58k
2023: €74k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€179k-€183k▲ 2.4%€197k▲ 7.5%€216k▲ 9.5%€243k▲ 12.4%
Operating result€24k-€11k▼ 53.1%€26k▲ 130%€26k▼ 0.7%€47k▲ 80.4%
Net result€11k-€4k▼ 60.0%€14k▲ 213%€19k▲ 37.5%€27k▲ 42.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 80% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€415k▼ 3.7%
Current assets
€81k▼ 31.5%
Equity and liabilities €496k
Equity
€243k▲ 12.4%
Debt
€253k▼ 24.0%
The debt ratio falls from 60.7% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€92k▲
2024 · €62k
Cash flow
€71k▲
2024 · €54k
Solvency
48.9%▲
2024 · 39.3%
Current ratio
1.05▲
2024 · 0.84
Quick ratio
0.74▼
2024 · 0.77
Debt / equity
1.04▼
2024 · 1.54
ROE
11.0%▲
2024 · 8.7%
ROA
5.4%▲
2024 · 3.4%
Interest coverage
28.94▲
2024 · 21.37
Debt
€253k▼
2024 · €333k
Debt ≤ 1 year
€77k▼
2024 · €140k
Debt > 1 year
€176k▼
2024 · €193k
Income taxes
€17k▲
2024 · €5k
Staff costs
€46k▲
2024 · €45k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€549k€496k▼
Fixed assets21/28€430k€415k▼
Tangible fixed assets22/27€430k€415k▼
Land and buildings22€381k€366k▼
Plant, machinery and equipment23€28k€32k▲
Furniture and vehicles24€21k€17k▼
Current assets29/58€118k€81k▼
Stocks and contracts in progress3€11k€24k▲
Stocks30/36€6k€6k▲
Contracts in progress37€5k€18k▲
Amounts receivable within one year40/41€19k€36k▲
Trade receivables40€14k€32k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€88k€21k▼
Equity and liabilities
Total equity and liabilities10/49€549k€496k▼
Equity10/15€216k€243k▲
Contributions10/11€20k€20k=
Reserves13€49k€49k=
Distributable reserves133€49k€49k=
Profit (loss) carried forward14€146k€173k▲
Amounts payable17/49€333k€253k▼
Amounts payable after more than one year17€193k€176k▼
Financial debts170/4€193k€176k▼
Amounts payable within one year42/48€140k€77k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€114k€17k▼
Suppliers440/4€114k€17k▼
Taxes, remuneration and social security45€10k€10k▼
Taxes450/3€935-
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48-€33k
Income statement
Code20242025
Remuneration, social security and pensions62€45k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€44k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€109k€139k▲
Operating profit (loss)9901€26k€47k▲
Financial income75/76B€295-
Recurring financial income75€295-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€24k€44k▲
Income taxes67/77€5k€17k▲
Profit (loss) for the period9904€19k€27k▲
Profit (loss) for the period to be appropriated9905€19k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€146k€173k▲
Profit (loss) brought forward from the previous period14P€128k€146k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200kEq €216k ▲9.5%
7 profitable years in a row build equity to €216k.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €4k ▼60%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 6.70
Current ratio from 3.13 to 6.70; short-term debt falls from €50k to €24k.
30-09
Financial
Equity above €150kEq €168k ▲18.4%
3 profitable years in a row build equity to €168k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €37k ▲6.1%
Operating result €49k, net result €37k, both a record.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
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.
Directors · office · real estate
Directors
5 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, Dentergem · 1 establishment unit since 2012
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.
Puymoortelstraat(Den) 128720 DentergemGround area
8,212 m²
Building footprint
213 m²
Volume, LiDAR
1,009 m³
Parcel 37002A0031/00G000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VF-Constructies
since 20122.211.338.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002A0031/00G000 | Flanders | 8,212 m² | 1 · 213 m² | 6.3 m · 2 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.
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J.D.B. CONSTRUCT
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Dentergem · Eq €242k
HDB 86
BE 0640.762.895
Beveren-Kruibeke-Zwijndrecht · Eq €242k
Metaalwerken Cleymans
BE 0800.440.139
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,658 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-06-2012
Fiscal year end30-09
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.