Equity
VIBE CONSTRUCT has made a profit in every financial year since 2022.
VIBE CONSTRUCT has made a profit in every financial year since 2022.
The result rose in 2025 from €475 to €51,368.
The micro format states no turnover.
Short-term debts fell from €42,123 to €29,684.
The last four annual accounts were filed 30 to 46 days before the end of the period.
Higher net result than 88% of companies in construction of buildings. Sector median €8,551 · 9,446 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 84% of them on solvency, 46% on liquidity, 91% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as VIBE CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VIBE CONSTRUCT itself is higher: 2.2% within 12 months. It rests on far more data about VIBE CONSTRUCT than the profile alone.
The method was tested on the 497,447 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 | 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 26,972 companies, not a prediction for VIBE 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.
Liquidity is ample, with a current ratio of 3.98 (1.88 in 2024), above the usual 1.5. Short-term debt is 25.2% and cash 5.4% of total assets. 25.2% of the assets are financed with debt and provisions.
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.
The company filed its last 4 accounts on average 37 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VIBE CONSTRUCT Damme | €118,021 | €64,418 | 74.8% | - |
| VS SUPPORT Harelbeke | €117,698 | €66,322 | 67.6% | - |
| Ayden Ardooie | €115,990 | €57,946 | 69.8% | - |
| BRAVOSIX Ostend | €123,319 | €55,491 | 58.6% | - |
| DE BAETS DANNY Oostkamp | €131,650 | €59,492 | 23.3% | - |
| Algemene bouwwerken Desnyder Stijn Zonnebeke | €133,962 | €58,076 | 55.8% | - |
| PADAG Wingene | €96,787 | €58,681 | 62.3% | - |
These companies have the same main activity as VIBE CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €96,800 and €134,000, founded between 2020 and 2022.
VIBE CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €47,858 in 2022 to €64,418 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €250,000 and €560,000.
Higher than 83% of 9,456 companies in 2025.
Higher than 83% of 9,204 companies in 2025.
Higher than 92% of 9,276 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
118,021 | 79,092 | 77,696 | 59,546 | |
21/28 |
- | - | 16,410 | 10,339 | |
22/27 |
- | - | 16,410 | 10,339 | |
24 |
- | - | 16,410 | 10,339 | |
29/58 |
118,021 | 79,092 | 61,286 | 49,207 | |
29 |
- | - | 14,006 | - | |
291 |
- | - | 14,006 | - | |
40/41 |
106,945 | 75,051 | 44,762 | 49,207 | |
40 |
13,390 | 12,000 | 43,586 | 17,000 | |
41 |
93,555 | 63,051 | 1,176 | 32,207 | |
50/53 |
- | 100 | 1,233 | - | |
54/58 |
6,315 | - | - | - | |
490/1 |
4,761 | 3,941 | 1,285 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
118,021 | 79,092 | 77,696 | 59,546 | |
10/15 |
88,337 | 36,969 | 36,494 | 31,599 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
85,337 | 33,969 | 33,494 | - | |
133 |
85,337 | 33,969 | 33,494 | - | |
14 |
- | - | - | 28,599 | |
17/49 |
29,684 | 42,123 | 41,202 | 27,947 | |
42/48 |
29,684 | 42,123 | 41,202 | 27,947 | |
43 |
0 | 5,179 | 5,146 | 4,247 | |
430/8 |
0 | 5,179 | 5,146 | 4,247 | |
44 |
10,315 | 9,337 | 21,717 | 1,399 | |
440/4 |
10,315 | 9,337 | 21,717 | 1,399 | |
45 |
19,369 | 27,607 | 14,339 | 22,301 | |
450/3 |
19,369 | 27,607 | 14,339 | 22,301 | |
| Income statement | |||||
9900 |
64,418 | 20,825 | 11,163 | 47,858 | |
62 |
579 | - | - | 120 | |
630 |
- | - | 864 | 3,399 | |
640/8 |
822 | 2,498 | 2,793 | 2,632 | |
66A |
0 | 16,410 | - | - | |
9901 |
63,017 | 1,917 | 7,506 | 41,708 | |
75/76B |
4,761 | 3,941 | 1,239 | 678 | |
75 |
4,761 | 3,941 | 1,239 | 678 | |
65/66B |
505 | 1,622 | 1,047 | 2,250 | |
65 |
505 | 1,622 | 1,047 | 2,250 | |
9903 |
67,273 | 4,235 | 7,698 | 40,135 | |
67/77 |
15,905 | 3,761 | 2,803 | 11,536 | |
9904 |
51,368 | 475 | 4,895 | 28,599 | |
9905 |
51,368 | 475 | 4,895 | 28,599 | |
| Appropriation of the result | |||||
9906 |
51,368 | 475 | 33,494 | 28,599 | |
14P |
- | - | 28,599 | - | |
691/2 |
51,368 | 475 | 33,494 | - | |
6921 |
51,368 | 475 | 33,494 | - | |
| Document | |||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| - | - | 8,370 | 45,107 | ||
| - | - | 5,759 | 31,998 | ||
| - | - | 17,274 | 12,698 | ||
| 88,337 | 36,969 | 20,084 | 21,260 | ||
| 74.8% | 46.7% | 47.0% | 53.1% | ||
| 3.98 | 1.88 | 1.49 | 1.76 | ||
| 0.34 | 1.14 | 1.13 | 0.88 | ||
| 58.2% | 1.3% | 13.4% | 90.5% | ||
| 43.5% | 0.6% | 6.3% | 48.0% | ||
| - | - | 7.99 | 20.04 |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €17,274 | €12,698 |
| - | - | €864 | €3,399 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 33 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 53.3% to 25.2%. Equity is higher and debt is lower.
VIBE CONSTRUCT has no parent and no holdings in its annual accounts. BERKELAAR,Victor Levinus Maria is the only director. VIBE CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 21 June 2021, VIBE CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office moved to Oostkamp in 2023 and to Damme in 2024.34 BERKELAAR,Victor Levinus Maria is director of the company, appointed by deed of 23-06-2021.2 Total assets went from €59,546 in 2022 to €118,021 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Molenstraat 112 registered office 8340 Damme | 21-06-2021 | 2.319.676.014 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31026C1047/00G000 | 953 m² | 1 · 243 m² | 6.3 m · 1 |
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 0769.892.265
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