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VI CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeKBO/BCE: BE 0800.096.184
Summary

The computed 12-month bankruptcy probability of VI CONSTRUCT is 7.5% (elevated). The 2024 annual accounts show equity of €105,509 and a net result of €18,021. Its solvency ranks better than 92% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▼-13
Solvency100=
Growth52
Track record86
Bankruptcy probability, 12 months
7.5% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 7.6 against 4.77 in 2023; short-term debt: 12.5% and cash: 12% of total assets), and 12.5% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-08-2025, 17 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
17 d late
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 29 March 2023, VI CONSTRUCT was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€105,509▲ 20.6%
2023 · €87,488
Total assets
€120,595▲ 9.2%
2023 · €110,474
Net result
€18,021▼ 79.4%
2023 · €87,488
Working capital
€99,590▲ 14.9%
2023 · €86,665
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€87,533-€18,104▼ 79.3%
Net result€87,488above the sector's middle half-€18,021within the sector's middle half▼ 79.4%
Equity€87,488within the sector's middle half-€105,509within the sector's middle half▲ 20.6%
Total assets€110,474within the sector's middle half-€120,595within the sector's middle half▲ 9.2%
Debt€22,986-€15,086▼ 34.4%
Working capital€86,665-€99,590▲ 14.9%
Solvency79.2%above the sector's middle half-87.5%above the sector's middle half▲ 8.3pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2023: €87,533€87,533Net result 2023: €87,488€87,488Operating result 2024: €18,104€18,104Net result 2024: €18,021€18,02120232024€0€25,000€50,000€75,000€100,000Operating result 2023: €87,533€87,500Net result 2023: €87,488€87,500Operating result 2024: €18,104€18,100Net result 2024: €18,021€18,00020232024
The operating result falls in 2024; 2024 is 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120,595
Fixed assets €5,919 ▲ 620%
Current assets €114,676 ▲ 4.6%
Equity and liabilities €120,595
Equity €105,509 ▲ 20.6%
Debt €15,086 ▼ 34.4%
Debt's share of the balance-sheet total falls from 20.8% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€20,944▼
2023 · €88,937
Cash flow
€20,861▼
2023 · €88,891
Current ratio
7.60▲
2023 · 4.77
Debt to equity
0.14▼
2023 · 0.26
ROE
17.1%▼
2023 · 100.0%
ROA
14.9%▼
2023 · 79.2%
Interest coverage
115.61▼
2023 · 1959.82
Debt ≤ 1 year
€15,086▼
2023 · €22,986
Staff costs
€74
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€110,474€120,595▲
Formation expenses20-€0
Fixed assets21/28€822€5,919▲
Tangible fixed assets22/27€822€5,919▲
Furniture and vehicles24€822€5,884▲
Other tangible fixed assets26-€35
Current assets29/58€109,651€114,676▲
Amounts receivable within one year40/41€100,765€100,153▼
Trade receivables40€84,409€99,212▲
Other amounts receivable41€16,356€941▼
Cash at bank and in hand54/58€8,886€14,523▲
Equity and liabilities
Total equity and liabilities10/49€110,474€120,595▲
Equity10/15€87,488€105,509▲
Contributions10/11€0€0=
Outside capital11-€0
Other1109/19-€0
Profit (loss) carried forward14€87,488€105,509▲
Amounts payable17/49€22,986€15,086▼
Amounts payable within one year42/48€22,986€15,086▼
Trade debts44€1,000€10,996▲
Suppliers440/4€1,000€10,996▲
Taxes, remuneration and social security45€19,700€528▼
Remuneration and social security454/9€19,700€528▼
Other amounts payable47/48€2,286€3,562▲
Income statement Code20232024
Remuneration, social security and pensions62-€74
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,404€2,839▲
Other operating charges640/8-€295
Gross operating margin9900€88,937€21,312▼
Operating profit (loss)9901€87,533€18,104▼
Financial income75/76B-€98
Recurring financial income75-€98
Non-recurring financial income76B-€98
Financial charges65/66B€45€181▲
Recurring financial charges65€45€181▲
Profit (loss) for the period before taxes9903€87,488€18,021▼
Profit (loss) for the period9904€87,488€18,021▼
Profit (loss) for the period to be appropriated9905€87,488€18,021▼
Appropriation of the result
Profit (loss) to be appropriated9906€87,488€105,509▲
Profit (loss) brought forward from the previous period14P-€87,488

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€74-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,404€2,839▲ 102%
Other operating charges640/8-€295-
Gross operating margin9900€88,937€21,312▼ 76.0%
Operating profit (loss)9901€87,533€18,104▼ 79.3%
Financial income75/76B-€98-
Recurring financial income75-€98-
Non-recurring financial income76B-€98-
Financial charges65/66B€45€181▲ 299%
Recurring financial charges65€45€181▲ 299%
Profit (loss) for the period before taxes9903€87,488€18,021▼ 79.4%
Profit (loss) for the period9904€87,488€18,021▼ 79.4%
Profit (loss) for the period to be appropriated9905€87,488€18,021▼ 79.4%
Line20232024Change
Assets
Total assets20/58€110,474€120,595▲ 9.2%
Formation expenses20-€0-
Fixed assets21/28€822€5,919▲ 620%
Tangible fixed assets22/27€822€5,919▲ 620%
Furniture and vehicles24€822€5,884▲ 615%
Other tangible fixed assets26-€35-
Current assets29/58€109,651€114,676▲ 4.6%
Amounts receivable within one year40/41€100,765€100,153▼ 0.6%
Trade receivables40€84,409€99,212▲ 17.5%
Other amounts receivable41€16,356€941▼ 94.2%
Cash at bank and in hand54/58€8,886€14,523▲ 63.4%
Equity and liabilities
Total equity and liabilities10/49€110,474€120,595▲ 9.2%
Equity10/15€87,488€105,509▲ 20.6%
Contributions10/11€0€0-
Outside capital11-€0-
Other1109/19-€0-
Profit (loss) carried forward14€87,488€105,509▲ 20.6%
Amounts payable17/49€22,986€15,086▼ 34.4%
Amounts payable within one year42/48€22,986€15,086▼ 34.4%
Trade debts44€1,000€10,996▲ 1,000%
Suppliers440/4€1,000€10,996▲ 1,000%
Taxes, remuneration and social security45€19,700€528▼ 97.3%
Remuneration and social security454/9€19,700€528▼ 97.3%
Other amounts payable47/48€2,286€3,562▲ 55.8%
Line20232024Change
Profit (loss) for the period9904€87,488€18,021▼ 79.4%
+ Depreciation and write-downs630€1,404€2,839▲ 102%
Operating cash flow (approximation)€88,891€20,861▼ 76.5%
Investment in fixed assets (approximation)--€7,936-
Change in cash-€5,637-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
03-08
KBO administration Address struck
H. De Molstraat 14/2 L’adresse du siège Rue H. De Mol 14/2 1780 Die Sitzadresse H. De Molstraat 14/2 1780 1780 Wemmel werd doorgehaald met ingang Wemmel · event 19-05-2026
2025
17-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
31-12
Financial Equity above €100,000Eq €105,509 ▲20.6%
2 profitable years in a row build equity to €105,509.
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Wemmel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
184 m²
Building footprint
81 m²
Volume, LiDAR
699 m³
Parcel 22662B0405/00A007, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VI CONSTRUCT
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20232.344.807.328
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0405/00A007 Flanders 184 m² 1 · 81 m² 13.9 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,720 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded29-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
41001General construction of residential buildings
43332Laying of wooden floor and wall coverings
43341Painting of buildings
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800096184
Also 9925:BE0800096184
Registered 09-04-2024

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.