VH BuildUp!
ActiveVH BuildUp! has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €18k. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-12
Solvency73▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.4 in 2024; short-term debt: 52% and cash: 35.3% of total assets), but 52% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
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%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
63 d early
2024
28 d early
2023
61 d early
2022
40 d early
2021
on the day
2020
58 d early
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€207k▲ 2.6%
2024 · €202k
2018: €22k
2019: €413
2020: €11k
2021: €17k
2022: €129k
2023: €133k
2024: €202k
2018 → 2025
Total assets
€432k▼ 38.9%
2024 · €707k
2018: €700k
2019: €1.04M
2020: €1.14M
2021: €1.15M
2022: €477k
2023: €511k
2024: €707k
2018 → 2025
Net result
€18k▼ 81.4%
2024 · €95k
2018: €3k
2019: €-22k
2020: €10k
2021: €6k
2022: €114k
2023: €6k
2024: €95k
2018 → 2025
Working capital
€204k▲ 1.0%
2024 · €202k
2018: €416k
2019: €562k
2020: €665k
2021: €664k
2022: €124k
2023: €131k
2024: €202k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€129k▲ 664%€133k▲ 3.2%€202k▲ 51.5%€207k▲ 2.6%
Operating result€26k-€166k▲ 540%€4k▼ 97.5%€96k▲ 2,203%€12k▼ 87.5%
Net result€6k-€114k▲ 1,796%€6k▼ 94.9%€95k▲ 1,534%€18k▼ 81.4%
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 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432k
Fixed assets
€3k▼ 9.1%
Current assets
€428k▼ 39.0%
Equity and liabilities €432k
Equity
€207k▲ 2.6%
Debt
€224k▼ 55.5%
The debt ratio falls from 71.4% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▼
2024 · €97k
Cash flow
€20k▼
2024 · €97k
Solvency
48.0%▲
2024 · 28.6%
Current ratio
1.91▲
2024 · 1.40
Quick ratio
1.91▲
2024 · 1.40
Debt / equity
1.08▼
2024 · 2.49
ROE
8.5%▼
2024 · 46.9%
ROA
4.1%▼
2024 · 13.4%
Interest coverage
17.88▼
2024 · 713.73
Debt
€224k▼
2024 · €504k
Debt ≤ 1 year
€224k▼
2024 · €501k
Income taxes
€3k▼
2024 · €19k
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€707k€432k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Current assets29/58€703k€428k▼
Amounts receivable within one year40/41€30k€30k=
Other amounts receivable41€30k€30k=
Current investments50/53€614k€243k▼
Cash at bank and in hand54/58€57k€153k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€707k€432k▼
Equity10/15€202k€207k▲
Contributions10/11€19k€19k=
Reserves13€184k€189k▲
Distributable reserves133€184k€189k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€504k€224k▼
Amounts payable within one year42/48€501k€224k▼
Trade debts44€85k€5k▼
Suppliers440/4€85k€5k▼
Taxes, remuneration and social security45€192k€201▼
Taxes450/3€34k€201▼
Remuneration and social security454/9€158k€0▼
Other amounts payable47/48€224k€219k▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€245€696▲
Gross operating margin9900€97k€15k▼
Operating profit (loss)9901€96k€12k▼
Financial income75/76B€19k€9k▼
Recurring financial income75€19k€9k▼
Financial charges65/66B€136€784▲
Recurring financial charges65€136€784▲
Profit (loss) for the period before taxes9903€114k€20k▼
Income taxes67/77€19k€3k▼
Profit (loss) for the period9904€95k€18k▼
Profit (loss) for the period to be appropriated9905€95k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€18k▼
Transfer to equity691/2€69k€5k▼
To other reserves6921€69k€5k▼
Profit to be distributed694/7€26k€13k▼
Return on contributions (dividend)694€2k€0▼
Directors or managers695€25k€13k▼
The notes to these accounts (9 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €202k ▲51.5%
5 profitable years in a row build equity to €202k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €114k ▲1796%
Operating result €166k, net result €114k, both a record.
31-12
Financial
Equity above €100kEq €129k ▲664%
3 profitable years in a row build equity to €129k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-22k ▼808%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, De Haan · 1 establishment unit since 2017
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.
Kievitenlaan 98420 De HaanGround area
728 m²
Building footprint
165 m²
Volume, LiDAR
873 m³
Parcel 35007A0433/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kencho
since 20172.260.182.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35007A0433/00E000 | Flanders | 728 m² | 1 · 165 m² | 9.0 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 984 EUR awarded · 984 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 984 EUR | 984 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,811 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2017
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.