VHD INFRA

Active

Private limited companyfounded 20223 yrs activeZeemstraat 33, 9000 Gent, BelgiumKBO/BCE: BE 0793.539.479

Summary

The computed 12-month bankruptcy probability of VHD INFRA is 1.9% (moderate). The 2025 annual accounts show equity of €72,655 and a net result of €35,244. Its solvency ranks better than 39% of 1207 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

VHD INFRAActiveChecked score 54/100

Risk analysis Report Compare

Activity

Civil engineering

NACE 42211

1 site

Size

€206,904total assets 2025

Equity: €72,655
Profit: €35,244

Turnover not published (abridged schema)

Financial health

54 Fair Checked score 2025

Bankruptcy chance 12 m: 1.9%

Structure

Accounts filed 8 d late0 of 2 deeds read

Why 54- Founded in 2022- Size: total assets €206,904- Liquidity: current ratio 1.04, cash €2,156- Sector Civil engineering (NACE 42)Show the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 43% of its sector peers (NACE 42, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Average

Solvency 60

equity 35.1% of total assets

Liquidity 26

short-term debt 51.1% · cash 1.0%

Profitability 90

return on assets 17.0%

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,865 companies)

Last 24 months 11-2024: 3.1% 12-2024: 3.1%▲ +1.1% vs 11-2024 01-2025: 3.1%● 0.0% vs 12-2024 02-2025: 3.1%● 0.0% vs 01-2025 03-2025: 3.1%● 0.0% vs 02-2025 04-2025: 3.1%● 0.0% vs 03-2025 05-2025: 3.1%● 0.0% vs 04-2025 06-2025: 7.1%▲ +125% vs 05-2025highest value 07-2025: 7.0%▼ -1.2% vs 06-2025 08-2025: 7.0%● 0.0% vs 07-2025 09-2025: 7.0%● 0.0% vs 08-2025 10-2025: 7.0%● 0.0% vs 09-2025 11-2025: 7.0%● 0.0% vs 10-2025 12-2025: 7.0%● 0.0% vs 11-2025 01-2026: 7.0%▲ +0.2% vs 12-2025 02-2026: 7.0%▲ +0.7% vs 01-2026 03-2026: 2.1%▼ -70.2% vs 02-2026 04-2026: 2.1%● 0.0% vs 03-2026 05-2026: 2.1%● 0.0% vs 04-2026 06-2026: 2.1%● 0.0% vs 05-2026 07-2026: 1.7%▼ -20.9% vs 06-2026 08-2026: 1.6%▼ -1.5% vs 07-2026lowest value 09-2026: 1.6%● 0.0% vs 08-2026lowest value 10-2026: 1.9%▲ +13.3% vs 09-2026

Founded in 2022 raises the probability for this profile
Size: total assets €206,904 raises the probability for this profile
Liquidity: current ratio 1.04, cash €2,156 raises the probability
Sector Civil engineering (NACE 42) raises the probability

Credit up to €3,500 at 30 days acceptable

Liquidity tight (current ratio 1.04; short-term debt: 51.1% and cash: 1% of total assets), and 64.9% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, micro). Better than this share of them on solvency 40%, liquidity 17%, profitability 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Founded in 2022

In the bankruptcy model this factor raises the probability for this profile.

KBO

Size: total assets €206,904

In the bankruptcy model this factor raises the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 1.04, cash €2,156

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Civil engineering (NACE 42)

In the bankruptcy model this factor raises the probability.

KBO

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-02-2026, 8 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

8 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage