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VH Development

Active Private limited companyfounded 2021active for 4 yearsIlya Prigoginelaan 1, 1180 UccleKBO/BCE: BE 0778.730.945 subsidiary of

Overview

Lifetime

4 annual accounts with figures on one time axis
peak €5,435 (2026)
€5,435▲ €30,549
lowest -€324,370 (2026)
-€324,370▼ €256,730
peak €16,417 (2023)
-€388,776▼ €324,370
€9.0m▲ 60.4%
peak 0 FTE (2024)
0 FTE 
Board4 names since 2021
2 directors and 1 other
Owners2 names in the annual accounts
100%
Documentsfilings and deeds
14-10-202617 days before the deadline
2026abbreviated format
Gross margin from -€25,114 to €5,435Loss of €324,370Reappointment: (statutory auditor) 09-11Equity from -€64,407 to -€388,776Debts from €5.6m to €9.0mCash from €271,636 to €646,734

Key points

from the 2026 annual accounts

Equity

-€388,776
2023202420252026

Debts exceed assets in financial year 2026.

Losses

-€444,776 in four years
-39,5832023-13,1842024-67,6402025-324,3702026

Every financial year from 2023 to 2026 closed with a loss. 2026 was the heaviest.

Turnover

≈ €23,000 estimated

The accounts state no turnover.

Debts

€9.0m 104% of the balance sheet
Financial debts 57%Suppliers 5%Taxes and wages 2%Other 36%

Of this, €7.1m falls due within a year.

Position in the sector

-€324,370

Lower net result than 95% of companies in real estate. Sector median €15,335 · 409 companies.

Net result -380%: other schema

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 473 companies had the same profile as VH Development has now. Each dot is one company, two years later.

95.3%
were still trading
2.7%
stopped another way
1.5%
went bankrupt
  • Medium-sized
  • negative equity
  • a small loss
  • without age

Another 0.4% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 473 companies, not a prediction for VH Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director,
Director, since 15-02-2023
Auditor,
  • 100%annual accounts 31-03-2026
  • consolidatesannual accounts 31-03-2026
  • 0%score equity €2.5m (2025) · annual accounts 31-03-2026

Shares in 1 company,

Board & ownership

Recent changes

Reappointment: (statutory auditor) General meeting of 17-09-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0778730945
Resignations & appointments General meeting of 10-03-2022 · Gazette deed
Company renamed from VH Project to VH Development Capital increase of €6,000 · 12 new shares · Appointments: (statutory auditor) and (director) · General meeting of 15-02-2023 · Gazette deed
All 12 events

Comparable companies

same main activity, similar in size and age
Company
VH Development Uccle €8.7m €5,435 -4.5% 0
RSL CONSTRUCT Roeselare €6.5m €5,892 0.6% 0
ARROM CONSTRUCT Uccle €6.6m -€29,606 -1.2% 0
Cottage III Uccle €8.1m -€25,078 -2.0% 0
KeyWest Development Brussels €18.4m €4,083 6.6% 0
Kliniek Gebouw Ghent €13.1m €16,278 -10.6% 0
MIIX BRUXELMAN Deinze €6.7m €12,887 29.4% 0

These companies have the same main activity as VH Development: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €6.5m and €18m, founded between 2019 and 2023.

Official details

Source: KBO
Status
Active since 16-12-2021Normal situation
Registered office
34 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 11 November 2026.
Activity
Development of residential building projectsNACE 68121and 4 others
Establishment unit
2.325.306.9621180 Uccle, since 16-12-2021
Financial year end
31 March
Peppol
Reachable since 21-10-2026
Company details

Annual accounts to 31-03-2026

€5,435
€324,370▲ 380%
-€388,776▼ 504%
€8.7m▲ 55.3%
Filing
Filed on 14-10-2026, 17 days before the end of the filing period
Financials

Insights on VH Development

VH Development files the abbreviated format. That format states no turnover. The gross margin rose from -€33,064 in 2023 to €5,435 in 2026.

holds all the shares. In December 2021, the Official Gazette published the appointment of as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

abbreviated format, filed on 14-10-2026, 17 days before the deadline
€5,435
▲ €30,549
€1,089
▲ €69,685
-€324,370
▼ €256,730
-€615,666
▲ €846,949
-4.5%
▼ 3.3 percentage points
0.91
▲ 0.30

The turnover shown is an estimate from the gross margin.

Turnover ≈ €23,000. Estimated: probably between €11,000 and €71,000.

Balance sheet

balance sheet total €8.7m on 31-03-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-4.5%

Higher than 15% of 11,297 companies in 2025.

0.91

Higher than 32% of 10,849 companies in 2025.

-3.7%

Higher than 29% of 11,182 companies in 2025.

VH Development Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2026202520242023
Balance sheet: assets
20/58 8.7m5.6m4.8m4.7m
21/28 2.1m3.2m3.2m3.2m
28 2.1m3.2m3.2m3.2m
29/58 6.5m2.4m1.5m1.5m
3 5.0m2.0m1.4m674,774
30/36 5.0m2.0m1.4m674,774
40/41 888,95864,962111,604576,504
40 832,8815,295--
41 56,07759,667111,604576,504
54/58 646,734271,63645,449229,114
Balance sheet: equity and liabilities
10/49 8.7m5.6m4.8m4.7m
10/15 -388,776-64,4073,23316,417
10/11 56,00056,00056,00056,000
14 -444,776-120,407-52,767-39,583
17/49 9.0m5.6m4.8m4.7m
17 1.9m1.8m3.9m3.8m
170/4 1.9m1.8m3.9m3.8m
42/48 7.1m3.8m829,444849,945
43 3.3m3.0m--
430/8 3.3m3.0m--
44 407,202351,3184,44524,324
440/4 407,202351,3184,44524,324
46 2.8m99,926--
45 216,859---
450/3 216,859---
47/48 459,615355,380824,999825,622
492/3 11,11015,6017,5892,137
Income statement
9900 5,435-25,114-8,170-33,064
640/8 4,34643,482904,357
9901 1,089-68,596-8,259-37,422
75/76B 771,5301,5302,03261
75 771,5301,5302,03261
65/66B 1.1m5746,9562,223
65 18,5125746,9562,223
66B 1.1m---
9903 -324,370-67,640-13,184-39,583
9904 -324,370-67,640-13,184-39,583
9905 -324,370-67,640-13,184-39,583
Appropriation of the result
9906 -444,776-120,407-52,767-39,583
14P -120,407-52,767-39,583-
Social balance sheet
9087 000-
Document PDFPDFPDFPDF

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 14-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 14-10-2026 2026-00556223 PDF
31-03-2025 full format 06-10-2025 2025-00530611 PDF
31-03-2024 full format 15-10-2024 2024-00506806 PDF
31-03-2023 full format 27-09-2023 2023-00454732 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2026202520242023
---3.7m
375,098226,187-183,666-
-615,666-1.5m707,698630,446
-4.5%-1.2%0.1%0.3%
0.910.621.851.74
0.220.090.190.95
---407.8%-241.1%
-3.7%-1.2%-0.3%-0.8%

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item31-03-202631-03-202531-03-202431-03-2023
Mortgages, amount registered€8.6m€8.6m€8.6m-
Carrying value of the mortgaged assets€5.0m€2.0m€1.4m-

Source: notes to the 2023 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-2023
Financial fixed assets---€3.7m

Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)

Insights on VH Development

The operating result for 2026 is a profit of €1,089, after a loss of €68,596 in 2025. It is the highest result since 2023.

Equity is negative. Debt (€9.0m) exceeds the balance-sheet total (€8.7m).

Large changes and their cause
  • 2026 Net result -380% on 2025. The accounts now follow the abbreviated format, last year the full format.

Board & ownership

Board

2 directors, 1 in day-to-day management, 1 auditor, no change since November 2026

Deed of 09-11-2026Reappointment: (statutory auditor)General meeting of 17-09-2026

Director (not named in the articles) and managing director, permanent representative
director (not named in the articles) since 15-12-2021 managing director appointed by deed of 20-12-2021 term without a fixed end
also on the board of 4 other companies
listed in the 2026 annual accounts, filed on 14-10-2026
Director
since 15-02-2023 6-year term from 2023
also on the board of 4 other companies
listed in the 2026 annual accounts, filed on 14-10-2026
Statutory auditor, permanent representative
current term since 18-09-2025 term until 21-09-2028
listed in the 2026 annual accounts, filed on 14-10-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Lorsque plusieurs administrateurs sont nommés, ils forment un Conseil d’administration. Celui-ci fonctionne alors collégialement, en dehors…”
deed of 20-12-2021
Permanent representatives 1
Permanent representative, for
appointed by deed of 20-12-2021

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

Director (not named in the articles), Managing director

Director

Statutory auditor

Director (not named in the articles)
LeadershipBoardEarlierRest of the term
Mandates as a list
    • Director (not named in the articles), from 15-12-2021 to date
    • Managing director, appointed by deed of 20-12-2021, still in office
    • Director, from 15-02-2023 to date
    • Statutory auditor, from 15-02-2023 to date
    • Director (not named in the articles), appointed by deed of 20-12-2021, until 23-02-2023

See the board, name and registered office on a given date →

Control

Parent
FR
100%
This company
VH Development
Equity -€388,776
Loss €324,370 in 2026

Further up the chain FR consolidates

and 2 other shareholders

Capital

Contribution
€56,000
Source
deed of 20-12-2021 and 1 later capital increase

Owners through the years

as the annual accounts name them
100%
10.71% until 2025
Owners as a list
    • 2023 to 2025: 10.71%

Source: shareholder structure in its own accounts, lists of holdings in the owners' accounts

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2021 (in French)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of September at 18:00
deed of 23-02-2023 (in French)

Shareholders

3 owners

Owners 3

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 23-02-2023 ↗
  • 12 shares
At incorporation deed of 20-12-2021 ↗
  • Actionnaire · €50,000
Capital over time
  1. 23-02-2023 Capital increase of €6,000 · 12 new shares at €500 per share · in cash
  2. 20-12-2021 Incorporation · €50,000

Network & group

Holdings

own accounts to 31-03-2026, the bar shows equity in euros
This companyVH Development1 holding, 1 country accounts to 31-03-2026

Belgium 1 Equity Result

  • BE €73,245 result €598,215

Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.

Parent

France · 100% of the shares

At the same address

Ilya Prigoginelaan 1, 1180 Uccle · 33 other companies
BF3 COURONNE
registered office since 26-04-2019 · founded in 2019
total assets €36.5m (2026)
0725.754.493
BF3 ALPHA
registered office since 05-04-2022 · founded in 2022 · negative equity (2026)
total assets €22.0m (2026)
0784.493.933
B.U.D.S.
registered office since 30-01-1992 · founded in 1991 · negative equity (2026)
total assets €14.2m (2026)
0446.257.903
ARTONE
registered office since 06-02-2018 · founded in 2014
4.4 FTE (2025)
0553.501.004
BF3 BRAVO
registered office since 05-04-2022 · founded in 2022 · negative equity (2026)
total assets €8.5m (2026)
0784.493.735
Cottage III
registered office since 20-02-2020 · founded in 2020 · negative equity (2026)
total assets €8.1m (2026)
0743.908.737
ROMEO DEVELOPMENT
registered office since 22-04-2022 · founded in 2022 · negative equity (2026)
total assets €6.3m (2026)
0785.325.658
Pelletier Development
registered office since 13-11-2018 · founded in 2018
total assets €6.0m (2026)
0713.513.786
BF3 CHARLIE
registered office since 05-04-2022 · founded in 2022 · negative equity (2026)
total assets €3.5m (2026)
0784.494.032
Lexi
registered office since 15-02-1979 · founded in 1979
7.2 FTE (2025)
0419.210.145
and 23 more

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • subsidiary
    Equity €73,245 Profit of €598,215 in 2026 (profit of €303,351 in 2025) Checked score
    Sourceown accounts 31-03-2026accounts 31-03-2026
    100%
Holdings through the years 2023 to 2026
Holdings through the years
Name2023202420252026
100%

Source: list of holdings in its own accounts

Connections & network

12 connected companies
Depth
Shared director, links 4 companies Via a shared director Via a shared director Via a shared director Via a shared director 2 shared directors 2 shared directors 2 shared directors 2 shared directors Shared corporate director Shared corporate director Shared corporate director Shared corporate director VH Development VHDevelopment0778.730.945
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via · Director · deed of 19-06-2026
Founded in 1991 · total assets €14.2m (2026) · negative equity
via · Director · deed of 23-02-2023
Founded in 2020 · total assets €8.1m (2026) · negative equity
via · Director · deed of 23-02-2023
Founded in 2022 · total assets €6.3m (2026) · negative equity
via and (at VH Development until 2023) · deed of 17-01-2022
Founded in 2022 · total assets €2.4m (2026) · negative equity
Show 8 more companies with a shared director
via and (at VH Development until 2023) · deed of 02-08-2018
Founded in 2018 · total assets €672,895 (2026) · negative equity
via · Director · deed of 23-02-2023
Founded in 2018 · total assets €47,812 (2026) · negative equity
via · Director · deed of 23-02-2023
Founded in 2018 · total assets €6.0m (2026)
via and (at VH Development until 2023) · deed of 03-11-2016
Founded in 2016 · total assets €362,444 (2025)
via · Director · deed of 30-03-2021
Founded in 2021 · total assets €106,630 (2025)
via · Managing director · deed of 11-07-2025
Founded in 2025
via · deed of 18-12-2025
Founded in 2025
via and (at VH Development until 2023) · deed of 30-04-2019
No longer active · total assets €151,975 (2024)

Timeline

Timeline

12 events since 2021

Deadline for the 2027 accounts: 31-10-2027

2026
Reappointment: (statutory auditor)General meeting of 17-09-20262 points ▸
  • General meeting, 17-09-2026
  • Auditor reappointment, (statutory auditor)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Registered in the Peppol Directory Reachable for e-invoices through 0208:0778730945
Annual accounts 2026 filed NBBabbreviated format · 17 days before the deadline
Weakest financial year net -€324,370 The net result drops to -€324,370, the lowest from 2023 to 2026.
2025
Annual accounts 2025 filed PDFfull format · 25 days before the deadline
2024
Annual accounts 2024 filed PDFfull format · 16 days before the deadline
2023
Annual accounts 2023 filed PDFfull format · 34 days before the deadline
Resignations & appointmentsGeneral meeting of 10-03-20221 point ▸
  • General meeting, 10-03-2022
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Company renamed from VH Project to VH DevelopmentCapital increase of €6,000 · 12 new shares · Appointments: (statutory auditor) and (director) · General meeting of 15-02-202314 points ▸
  • General meeting, 15-02-2023
  • Incorporation, 15-12-2021
  • Auditor appointment, (statutory auditor)
  • Auditor report, 15-02-2023
  • Amendment of the articles, article 5, mentioned twice in the deed
  • Capital increase, €6,000
  • Permanent representative, , mentioned twice in the deed
  • Permanent representative, , mentioned twice in the deed
  • holds 12 shares
  • Name change, VH Development
  • Director resignation,
  • Director discharge,
  • Director appointment,
  • Power of attorney,
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2022
Incorporation PDF
2021
IncorporationFounding capital of €50,000 · Founder: · Appointments: (director) and (director) · published on 20-12-20219 points ▸
  • Registered office clause, avenue Ilya Prigogine 1, 1180 Bruxelles
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • Director appointment, (director (not named in the articles))
  • Director appointment, (managing director)
  • Power of attorney,
  • Founder,
  • Founding capital, €50,000
  • is a shareholder
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

First establishment VH Project, Ilya Prigoginelaan 1, Uccle

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 16 December 2021, VH Development was incorporated as a private limited company by , with a starting capital of €50,000.12 The name was changed to VH Development in 2023.3 In 2023 the capital was increased by €6,000.3 Of the 2 current board members, has served longest, since 2021.4 Total assets went from €4.7m in 2023 to €8.7m in 2026.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-12-2021
  3. 3Belgian Official Gazette, 23-02-2023
  4. 4National Bank, annual accounts 2026
  5. 5National Bank, annual accounts 2023 and 2026

Company details

Identity

Enterprise number
0778.730.945
VAT number
BE 0778.730.945
Peppol ID
0208:0778730945
Legal form
Private limited company
Status
Active, normal situation
Founded
16-12-2021
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of September at 18:00
deed of 23-02-2023 (in French)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VH Development in French
Former name
VH Project until the deed of 23-02-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2021 (in French)
Name clauseThe company operates under this name according to its articles.
VH Project
deed of 20-12-2021 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Avenue Ilya Prigogine 1 bte 1, 1180 Uccle”
deed of 20-12-2021 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
41101 Real estate development main activity
41102 Construction of residential and non-residential buildings
68100 Real estate activities
68203 Real estate rental
68312 Real estate activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’acquisition de tous biens ou droits immobiliers et la réalisation de toutes opérations sur lesdits biens; Toutes…”
13 activities
  1. L’acquisition de tous biens ou droits immobiliers et la réalisation de toutes opérations sur lesdits biens
  2. Toutes transactions,promotions,intermédiations,investissements et plus généralement opérations,en rapport avec des biens ou droits immobiliers et notamment
  3. La recnversion,l’aménagement,le réaménagement,la construction,la démolition,la dépollution,la transformation,la rénovation,l’équipement,la viabilisation,la division,l’urbanisation,la mise en valeur et la mutation sous quelque forme que ce soit (achat,vente,échange,…),de tous biens (maisons,appartements,…)ou ensembles immobiliers (lotissement,…),ainsi que la location
  4. Les études gélogiques,les études de la nature et de l'ampleur de la pollution de terrains
  5. L'achat de terrains,la réalisation de la dépllution,et l'aménagement de terrains destinés à être vendus en tut ou partie
  6. La revente,la lcation,la sous-location,la concession d’exploitation,la cession en location et en sous-location,la mise à disposition,le tout avec ou sans option d'achat,ou l’inverse,d’immeubles
  7. L'explitation et l'entretien d’immeubles (maisons,appartements,bureaux,magasins,terrains,terres et domaines,parkings,garages,…),et de fonds de commerce
  8. La gestion et la coordination de tous projets en rapport avec le logement,le commerce,les affaires sociales et les infrastructures ou opérations publiques,privées ou en partenariat
  9. L'exécution de toutes prestations de fournitures de logements meublés au sens de l'article 18,§1er,alinéa 2,10° du Code de la taxe sur la valeur ajoutée
  10. Le financement lié à ces opérations,en ce compris de leasing immobilier
  11. La conception,l’invention,la fabrication,la construction ou l’assemblage,l'importation,l'exportation,l'achat et la vente,la distribution,l'entretien,la maintenance et l'exploitation,tant en nom propre qu'en qualité d'agent,de commissionnaire ou de courtier de tous biens mobiliers ou immobiliers accessoires aux immeubles par nature (équipements,sanitaires,éclairages,installations et dispositifs de production,d’accumulation ou de récupération d’énergie,fossile ou non,matériaux...),en ce compris de tous véhicules et machines à moteur
  12. La prise de participation de la Société,par tous moyens,directement ou indirectement,dans toutes opérations pouvant se rattacher à son objet par voie de création de sociétés nouvelles,d'apport,de souscription ou d'achat de titres ou droits sociaux,de fusion ou autrement,de création,d'acquisition,de location,de prise en location-gérance de tous fonds de commerce ou établissements; la prise,l'acquisition,l'exploitation ou la cession de tous procédés et brevets concernant ces activités
  13. Ainsi que l'achat,la vente et la location d'œuvres d'arts,de meubles meublants,d'objets de collection et de décoration
deed of 20-12-2021 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
VH Project registered office Ilya Prigoginelaan 1, 1180 Uccle 16-12-2021 2.325.306.962

Buildings and parcels at the address

Ground area
1,103 m²

Location

registered office establishment The establishment unit on the map
34 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21616G0176/00X0031,103 m² - -

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0778.730.945