VH
ActiveSummary
VH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €135k and a net result of €30k. Equity is growing by ~27.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+22
Solvency51▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.28 against 0.18 in 2023; short-term debt: 28.3% and cash: 7.3% of total assets), and 73.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
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 →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-05-2026, 292 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
292 d late
2023
7 d early
2022
25 d late
2021
19 d late
2020
30 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€135k▲ 31.4%
2023 · €103k
2018: €32klowest in 7 years
2019: €40k▲ +24.6% vs 2018
2020: €56k▲ +41.9% vs 2019
2021: €74k▲ +31.6% vs 2020
2022: €100k▲ +34.7% vs 2021
2023: €103k▲ +2.8% vs 2022
2024: €135k▲ +31.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€512k▼ 2.8%
2023 · €527k
2018: €205klowest in 7 years
2019: €247k▲ +20.5% vs 2018
2020: €386k▲ +56.2% vs 2019
2021: €456k▲ +18.1% vs 2020
2022: €565k▲ +24.0% vs 2021highest in 7 years
2023: €527k▼ -6.8% vs 2022
2024: €512k▼ -2.8% vs 2023
2018 → 2024
Net result
€30k▲ 990%
2023 · €3k
2018: €2klowest in 7 years
2019: €8k▲ +250% vs 2018
2020: €17k▲ +112% vs 2019
2021: €18k▲ +6.9% vs 2020
2022: €26k▲ +44.6% vs 2021
2023: €3k▼ -89.2% vs 2022
2024: €30k▲ +990% vs 2023highest in 7 years
2018 → 2024
Working capital
€-105k▲ 33.4%
2023 · €-157k
2018: €19khighest in 7 years
2019: €7k▼ -63.2% vs 2018
2020: €7k▼ -3.2% vs 2019
2021: €-37k▼ -632% vs 2020
2022: €-155k▼ -321% vs 2021
2023: €-157k▼ -1.2% vs 2022lowest in 7 years
2024: €-105k▲ +33.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€74k▲ 31.6%€100k▲ 34.7%€103k▲ 2.8%€135k▲ 31.4%
2020: €56klowest in 5 years
2021: €74k▲ +31.6% vs 2020
2022: €100k▲ +34.7% vs 2021
2023: €103k▲ +2.8% vs 2022
2024: €135k▲ +31.4% vs 2023highest in 5 years
Operating result€26k-€28k▲ 7.7%€34k▲ 24.6%€14k▼ 60.5%€55k▲ 301%
2020: €26k
2021: €28k▲ +7.7% vs 2020
2022: €34k▲ +24.6% vs 2021
2023: €14k▼ -60.5% vs 2022lowest in 5 years
2024: €55k▲ +301% vs 2023highest in 5 years
Net result€17k-€18k▲ 6.9%€26k▲ 44.6%€3k▼ 89.2%€30k▲ 990%
2020: €17k
2021: €18k▲ +6.9% vs 2020
2022: €26k▲ +44.6% vs 2021
2023: €3k▼ -89.2% vs 2022lowest in 5 years
2024: €30k▲ +990% vs 2023highest in 5 years
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 2024; 2024 is 301% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €512k
Fixed assets
€472k ▼ 4.1%
Current assets
€40k ▲ 15.4%
Equity and liabilities €512k
Equity
€135k ▲ 31.4%
Debt
€377k ▼ 11.1%
Debt's share of the balance-sheet total falls from 80.5% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2023 · €45k
Cash flow
€62k▲
2023 · €34k
Current ratio
0.28▲
2023 · 0.18
Debt to equity
2.79▼
2023 · 4.13
ROE
22.5%▲
2023 · 2.7%
ROA
5.9%▲
2023 · 0.5%
Interest coverage
8.08▲
2023 · 4.12
Debt ≤ 1 year
€145k▼
2023 · €192k
Debt > 1 year
€232k=
2023 · €232k
Income taxes
€14k▲
2023 · €111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€527k€512k▼
Fixed assets21/28€492k€472k▼
Tangible fixed assets22/27€490k€470k▼
Land and buildings22€479k€464k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€9k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€35k€40k▲
Amounts receivable within one year40/41€20k€3k▼
Trade receivables40€18k-
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€15k€37k▲
Equity and liabilities
Total equity and liabilities10/49€527k€512k▼
Equity10/15€103k€135k▲
Contributions10/11€17k€19k▲
Reserves13€86k€116k▲
Distributable reserves133€86k€116k▲
Amounts payable17/49€424k€377k▼
Amounts payable after more than one year17€232k€232k=
Financial debts170/4€232k€232k=
Amounts payable within one year42/48€192k€145k▼
Current portion of amounts payable after more than one year42€32k-
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€111€14k▲
Taxes450/3€111€14k▲
Other amounts payable47/48€157k€131k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€134-
Gross operating margin9900€47k€88k▲
Operating profit (loss)9901€14k€55k▲
Financial income75/76B€109-
Recurring financial income75€109-
Financial charges65/66B€11k€11k▼
Recurring financial charges65€11k€11k▼
Profit (loss) for the period before taxes9903€3k€44k▲
Income taxes67/77€111€14k▲
Profit (loss) for the period9904€3k€30k▲
Profit (loss) for the period to be appropriated9905€3k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€30k▲
Transfer to equity691/2€3k€30k▲
To other reserves6921€3k€30k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €16k | €22k | €31k | €32k | ▲ 3.3% |
| Other operating charges640/8 | - | €583 | €1k | €3k | €2k | ▼ 39.0% |
| Non-recurring operating charges66A | - | €1k | €423 | €134 | - | - |
| Gross operating margin9900 | €36k | €46k | €59k | €47k | €88k | ▲ 86.2% |
| Operating profit (loss)9901 | €26k | €28k | €34k | €14k | €55k | ▲ 301% |
| Financial income75/76B | - | - | €5 | €109 | - | - |
| Recurring financial income75 | - | - | €5 | €109 | - | - |
| Financial charges65/66B | - | €10k | €9k | €11k | €11k | ▼ 0.9% |
| Recurring financial charges65 | €9k | €10k | €9k | €11k | €11k | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €17k | €18k | €26k | €3k | €44k | ▲ 1,417% |
| Income taxes67/77 | - | - | - | €111 | €14k | ▲ 12,131% |
| Profit (loss) for the period9904 | €17k | €18k | €26k | €3k | €30k | ▲ 990% |
| Profit (loss) for the period to be appropriated9905 | €17k | €18k | €26k | €3k | €30k | ▲ 990% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €386k | €456k | €565k | €527k | €512k | ▼ 2.8% |
| Fixed assets21/28 | €341k | €415k | €519k | €492k | €472k | ▼ 4.1% |
| Tangible fixed assets22/27 | €340k | €412k | €516k | €490k | €470k | ▼ 4.1% |
| Land and buildings22 | - | €410k | €503k | €479k | €464k | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €2k | - | €2k | €1k | ▼ 20.4% |
| Furniture and vehicles24 | - | €1k | €13k | €9k | €4k | ▼ 49.4% |
| Financial fixed assets28 | €625 | €3k | €3k | €2k | €2k | = |
| Current assets29/58 | €45k | €41k | €46k | €35k | €40k | ▲ 15.4% |
| Stocks and contracts in progress3 | - | - | €38 | - | - | - |
| Stocks30/36 | - | - | €38 | - | - | - |
| Amounts receivable within one year40/41 | €45k | €38k | €31k | €20k | €3k | ▼ 85.0% |
| Trade receivables40 | - | €36k | €25k | €18k | - | - |
| Other amounts receivable41 | - | €2k | €6k | €2k | €3k | ▲ 81.3% |
| Cash at bank and in hand54/58 | - | €3k | €15k | €15k | €37k | ▲ 152% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €386k | €456k | €565k | €527k | €512k | ▼ 2.8% |
| Equity10/15 | €56k | €74k | €100k | €103k | €135k | ▲ 31.4% |
| Contributions10/11 | - | €17k | €17k | €17k | €19k | ▲ 11.2% |
| Reserves13 | €40k | €57k | €83k | €86k | €116k | ▲ 35.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €56k | €81k | €86k | €116k | ▲ 35.3% |
| Amounts payable17/49 | €330k | €382k | €465k | €424k | €377k | ▼ 11.1% |
| Amounts payable after more than one year17 | €291k | €304k | €264k | €232k | €232k | = |
| Financial debts170/4 | - | €304k | €264k | €232k | €232k | = |
| Amounts payable within one year42/48 | €38k | €77k | €201k | €192k | €145k | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | - | €22k | €31k | €32k | - | - |
| Trade debts44 | €10k | €13k | €35k | €3k | - | - |
| Suppliers440/4 | - | €13k | €35k | €3k | - | - |
| Advances received on contracts in progress46 | - | €17k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €16 | €2k | €111 | €14k | ▲ 12,231% |
| Taxes450/3 | - | €16 | €46 | €111 | €14k | ▲ 12,231% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | - | €26k | €133k | €157k | €131k | ▼ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €18k | €26k | €3k | €30k | ▲ 990% |
| + Depreciation and write-downs630 | €9k | €16k | €22k | €31k | €32k | ▲ 3.3% |
| Operating cash flow (approximation) | €26k | €34k | €48k | €34k | €62k | ▲ 84.6% |
| Investment in fixed assets (approximation) | - | €-91k | €-126k | €-4k | €-12k | ▼ 213% |
| Change in cash | - | - | €12k | €-3 | €22k | ▲ 771,511% |
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
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 292 days late
2024
31-12
Financial
Highest result since 2018net €30k ▲990%
Operating result €55k, net result €30k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €103k ▲2.8%
6 profitable years in a row build equity to €103k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Laakdal · 1 establishment unit since 2017
Ground area
2,188 m²
Building footprint
349 m²
Volume, LiDAR
912 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VH
since 20172.263.008.614
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13042B0394/00R000 | Flanders | 1,458 m² | 1 · 183 m² | 7.6 m · 2 fl. |
| 13042B0394/00E002 | Flanders | 730 m² | 1 · 166 m² | 0.0 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaakdal2.263.008.614
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Of 8,462 companies in sector 43120 we hold annual accounts for 3,230. 2,652 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
Founded19-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
42911Civil engineering
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.