VH CONSTRUCT
Liquidation closed on 30-12-2025Financials · financial year 2024, micro format
Annual accounts 2024 filed on 07-07-2025 PDF all 3 filings
Equity
€6,946▼ 54.1%
2023 · €15,138
Total assets
€16,130▼ 30.9%
2023 · €23,349
Net result
-€8,192
2023 · €10,718
Working capital
€7,493▼ 43.5%
2023 · €13,264
Multi-year overview
2022 to 2024, 3 financial yearsOperating result
-€7,335
2024
20222024
Net result
-€8,192
2024
20222024
Equity
€6,946
▼ 54.1%
2024
20222024
Total assets
€16,130
▼ 30.9%
2024
20222024
Debt
€9,184
▲ 11.9%
2024
20222024
Working capital
€7,493
▼ 43.5%
2024
20222024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Operating result€2,400-€15,993▲ 566%-€7,335
Net result€1,921-€10,718▲ 458%-€8,192
Equity€4,421-€15,138▲ 242%€6,946▼ 54.1%
Total assets€7,501-€23,349▲ 211%€16,130▼ 30.9%
Debt€3,080-€8,211▲ 167%€9,184▲ 11.9%
Working capital€4,421-€13,264▲ 200%€7,493▼ 43.5%
The operating result for 2024 is a loss of €7,335, after a profit of €15,993 in 2023. It is the lowest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €16,130
Equity
€6,946 ▼ 54.1%
Debt
€9,184 ▲ 11.9%
Debt's share of the balance-sheet total rises from 35.2% to 56.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,690▼
2023 · €19,638
Cash flow
-€4,547▼
2023 · €14,363
Current ratio
1.87▼
2023 · 3.06
Debt to equity
1.32▲
2023 · 0.54
ROE
-117.9%▼
2023 · 70.8%
ROA
-50.8%▼
2023 · 45.9%
Interest coverage
-4.30▼
2023 · 10.60
Debt ≤ 1 year
€8,637▲
2023 · €6,440
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Tangible fixed assets | - | €7,291 | - |
| Depreciation and write-downs of the year | - | €3,645 | €3,645 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,645 | €3,645 | = |
| Other operating charges640/8 | - | €370 | €410 | ▲ 10.9% |
| Gross operating margin9900 | €2,400 | €20,008 | -€3,279 | - |
| Operating profit (loss)9901 | €2,400 | €15,993 | -€7,335 | - |
| Financial income75/76B | €1 | €0 | €1 | ▲ 51× |
| Recurring financial income75 | €1 | €0 | €1 | ▲ 51× |
| Financial charges65/66B | - | €1,853 | €858 | ▼ 53.7% |
| Recurring financial charges65 | - | €1,853 | €858 | ▼ 53.7% |
| Profit (loss) for the period before taxes9903 | €2,401 | €14,140 | -€8,192 | - |
| Income taxes67/77 | €480 | €3,422 | - | - |
| Profit (loss) for the period9904 | €1,921 | €10,718 | -€8,192 | - |
| Profit (loss) for the period to be appropriated9905 | €1,921 | €10,718 | -€8,192 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7,501 | €23,349 | €16,130 | ▼ 30.9% |
| Fixed assets21/28 | - | €3,645 | - | - |
| Tangible fixed assets22/27 | - | €3,645 | - | - |
| Plant, machinery and equipment23 | - | €998 | - | - |
| Furniture and vehicles24 | - | €2,647 | - | - |
| Current assets29/58 | €7,501 | €19,704 | €16,130 | ▼ 18.1% |
| Amounts receivable within one year40/41 | €5,000 | €16,508 | €10,418 | ▼ 36.9% |
| Trade receivables40 | €5,000 | €3,780 | - | - |
| Other amounts receivable41 | - | €12,728 | €10,418 | ▼ 18.2% |
| Cash at bank and in hand54/58 | €2,501 | €1,333 | €29 | ▼ 97.8% |
| Deferred charges and accrued income490/1 | - | €1,863 | €5,683 | ▲ 205% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7,501 | €23,349 | €16,130 | ▼ 30.9% |
| Equity10/15 | €4,421 | €15,138 | €6,946 | ▼ 54.1% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €1,921 | €12,638 | €12,638 | = |
| Distributable reserves133 | €1,921 | €12,638 | €12,638 | = |
| Profit (loss) carried forward14 | - | - | -€8,192 | - |
| Amounts payable17/49 | €3,080 | €8,211 | €9,184 | ▲ 11.9% |
| Amounts payable within one year42/48 | €3,080 | €6,440 | €8,637 | ▲ 34.1% |
| Trade debts44 | €1,250 | €2,538 | €215 | ▼ 91.5% |
| Suppliers440/4 | €1,250 | €2,538 | €215 | ▼ 91.5% |
| Advances received on contracts in progress46 | - | - | €5,000 | - |
| Taxes, remuneration and social security45 | €480 | €3,903 | €3,422 | ▼ 12.3% |
| Taxes450/3 | €480 | €3,903 | €3,422 | ▼ 12.3% |
| Other amounts payable47/48 | €1,350 | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,770 | €547 | ▼ 69.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,921 | €10,718 | -€8,192 | - |
| + Depreciation and write-downs630 | - | €3,645 | €3,645 | = |
| Operating cash flow (approximation) | €1,921 | €14,363 | -€4,547 | - |
| Change in cash | - | -€1,168 | -€1,304 | ▼ 11.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.