Losses
-€267,175 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
VHR CONSTRUCT
Lifetime
10 annual accounts with figures on one time axispeak €601,036 (2017)
-€51,500▲ €83,683
lowest -€176,929 (2024)
-€90,246▲ €86,683
peak €842,370 (2018)
€518,927▼ 14.8%
€208,401▲ 20.5%
peak 3 FTE (2016)
-not published
Board3 names since 2015
3 directors and 2 others
Documentsfilings and deeds
28-02-202628 days late
2025abbreviated format
Gross margin from -€135,182 to -€51,500Loss of €90,246Equity from €609,173 to €518,927Debts from €172,892 to €208,401Cash from €332,514 to €625,687
Key points
from the 2025 annual accountsFilings
10 annual accounts 2 late
The 2024 accounts came latest: 28 days after the end of the period.
Position in the sector
-€90,246
Lower net result than 95% of companies in specialised construction. Sector median €38,620 · 9,269 companies.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 374 companies had the same profile as VHR CONSTRUCT has now. Each dot is one company, two years later.
91.7%
were still trading
7.2%
stopped another way
0.8%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 374 companies, not a prediction for VHR CONSTRUCT. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0644663879
3 directors appointed
(managing director), and · Permanent representative: · General meeting of 15-11-2021 · Gazette deed
Registered office moved from Bazel to Sint-Niklaas
New registered office: Europark-Zuid 8B, 9100 Sint-Niklaas · Previous registered office: Kerkstraat 199, 9150 Bazel · Board meeting of 09-07-2021 · Gazette deed
Capital increase · Amendment of the articles · Resignations & appointments
Capital from €200,000 to €22,000 · Capital from €22,000 to €61,500 · Reappointments: , and · General meeting of 23-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VHR CONSTRUCT Sint-Niklaas | €0.7m | -€51,500 | 71.3% | - |
| MICHEL Evergem | €0.4m | -€9,114 | 69.5% | - |
| DE CONINCK BOUW Sint-Truiden | €1.1m | -€2,240 | 21.7% | - |
| SIS CONSTRUCT Jette | €0.4m | -€13,663 | 51.8% | - |
| PEJA INVEST Brussels | €0.9m | -€2,595 | -5.6% | - |
| RADESA Antwerp | €0.3m | -€15,135 | 10.9% | - |
| LEADPA La Louvière | €0.4m | -€88,589 | 13.0% | - |
These companies have the same main activity as VHR CONSTRUCT: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €325,000 and €1.1m, founded between 2008 and 2021.
Official details
Source: KBO- Status
- Active since 18-12-2015Normal situation
- Activity
- Bricklaying and masonry workNACE 43910and 1 other
- Establishment unit
- 2.249.002.3099100 Sint-Niklaas, since 18-12-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 15-12-2025
Insights on VHR CONSTRUCT
VHR CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €533,648 in 2016 to -€51,500 in 2025.
In December 2021, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VHR CONSTRUCT
- What is the company number of VHR CONSTRUCT?
- The company number of VHR CONSTRUCT is 0644.663.879. The VAT number is the same number with BE in front: BE 0644.663.879.
- Where is VHR CONSTRUCT based?
- The registered office is at Europark-Zuid 8, 9100 Sint-Niklaas.Company details
- What does VHR CONSTRUCT do?
- According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
- What is the legal form of VHR CONSTRUCT?
- VHR CONSTRUCT is a public limited company (NV).
- When was VHR CONSTRUCT founded?
- VHR CONSTRUCT was founded on 18-12-2015.
- Is VHR CONSTRUCT still active?
- Yes, VHR CONSTRUCT is an active enterprise in the KBO register.
- How many employees does VHR CONSTRUCT have?
- VHR CONSTRUCT had an average of 0.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of VHR CONSTRUCT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.
- Is VHR CONSTRUCT profitable?
- In financial year 2025, VHR CONSTRUCT made a loss of €90,246.
- Where can I find the annual accounts of VHR CONSTRUCT?
- VHR CONSTRUCT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VHR CONSTRUCT due?
- VHR CONSTRUCT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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