VHD INFRA

Active

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

The computed 12-month bankruptcy probability of VHD INFRA is 1.7% (moderate). The 2025 annual accounts show equity of €73k and a net result of €35k. Its solvency ranks better than 37% of 976 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability90

Solvency60

Growth-

Track record79

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k 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 do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 42

Relative position

BE, all sectors

reference

Sector 42

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

35.1%

Return on assets

17%

Age of the figures

15 mo

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 →

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

Financials · fiscal year 2025, micro schema

Equity

€73k

Total assets

€207k

Net result

€35k

Working capital

€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €207k

46.7%

53.3%

Fixed assets €97k

Current assets €110k

Equity and liabilities €207k

35.1%

64.9%

Equity €73k

Debt €134k

Debt finances 64.9% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€53k

Cash flow

€42k

Solvency

35.1%

Current ratio

1.04

Quick ratio

1.04

Debt / equity

1.85

ROE

48.5%

ROA

17.0%

Interest coverage

25.46

Debt

€134k

Debt ≤ 1 year

€106k

Debt > 1 year

€29k

Income taxes

€9k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€207k

Fixed assets21/28€97k

Tangible fixed assets22/27€95k

Plant, machinery and equipment23€30k

Furniture and vehicles24€66k

Financial fixed assets28€1k

Current assets29/58€110k

Amounts receivable within one year40/41€107k

Trade receivables40€90k

Other amounts receivable41€17k

Cash at bank and in hand54/58€2k

Deferred charges and accrued income490/1€1k

Equity and liabilities

Total equity and liabilities10/49€207k

Equity10/15€73k

Contributions10/11€2k

Profit (loss) carried forward14€71k

Amounts payable17/49€134k

Amounts payable after more than one year17€29k

Financial debts170/4€29k

Amounts payable within one year42/48€106k

Current portion of amounts payable after more than one year42€16k

Trade debts44€52k

Suppliers440/4€52k

Taxes, remuneration and social security45€28k

Taxes450/3€19k

Remuneration and social security454/9€10k

Other amounts payable47/48€9k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k

Other operating charges640/8€8k

Gross operating margin9900€60k

Operating profit (loss)9901€46k

Financial charges65/66B€2k

Recurring financial charges65€2k

Profit (loss) for the period before taxes9903€44k

Income taxes67/77€9k

Profit (loss) for the period9904€35k

Profit (loss) for the period to be appropriated9905€35k

Appropriation of the result

Profit (loss) to be appropriated9906€71k

Profit (loss) brought forward from the previous period14P€35k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

08-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 8 days late

NBB filing

Directors · office · real estate

Directors

2 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, Gent · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Zeemstraat 339000 Gent

Ground area

55 m²

Building footprint

55 m²

Volume, LiDAR

360 m³

Parcel 44804D0081/00V006, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VHD INFRA

Zeemstraat 33, 9000 GentGeneral electrical installation work

since 20222.337.801.750

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44804D0081/00V006	Flanders	55 m²	1 · 55 m²	10.5 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 to 2024 · 2 entries · 670 EUR awarded · 670 EUR paid

Year	Entries	awarded	paid
2024	1	372 EUR	372 EUR
2023	1	298 EUR	298 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 670 EUR · 670 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories

VHD INFRA CommV.42586

category C2, class 1 · category P1, class 1

decision 13-03-2023

Similar companies · same sector, comparable size

Sint-Agatha-Berchem · Eq €74k

Of 295 companies in sector 42211 we hold annual accounts for 132. 96 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-11-2022

Fiscal year end30-06

Activities, NACEBEL

42211Civil engineering

43211General electrical installation work

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.