Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €47,088 in 2024.
Of this, €115,492 falls due within a year.
Green is investment, beige is depreciation.
Latest accounts filed late: after the legal deadline.
Less equity than 90% of companies in construction of buildings. Sector median €45,766 · 10,162 companies.
In July 2024, 3,633 companies had the same profile as VICARI CONSTRUCT has now. Each dot stands for 10 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 3,633 companies, not a prediction for VICARI 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.
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.
| Company | ||||
|---|---|---|---|---|
| VICARI CONSTRUCT Soumagne | €132,948 | €142,136 | -4.5% | - |
| REMORA CHASSIS Oupeye | €133,301 | €127,468 | 47.6% | - |
| NICO WARNEZ Wevelgem | €137,482 | €132,788 | 10.8% | - |
| SWEET CONSTRUCTION Leuze-en-Hainaut | €125,147 | €126,763 | 62.9% | - |
| BJF RENOVATION Frameries | €141,436 | €151,862 | 14.2% | - |
| MICAFLEX Perwez | €155,160 | €131,825 | 74.8% | - |
| Q-RENOVATIONS Heist-op-den-Berg | €122,731 | €119,231 | 37.2% | - |
These companies have the same main activity as VICARI CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €123,000 and €155,000, founded between 2015 and 2017.
VICARI CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €143,677 in 2017 to €142,136 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 10% of 10,159 companies in 2025.
Higher than 16% of 9,870 companies in 2025.
Higher than 47% of 9,958 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
132,948 | 110,623 | 161,889 | 202,946 | 143,652 | 108,092 | 82,389 | 100,382 | 56,470 | |
21/28 |
35,229 | 13,733 | 23,857 | 30,386 | 11,177 | 15,520 | 9,035 | 10,990 | 16,152 | |
22/27 |
35,229 | 13,733 | 23,857 | 30,386 | 11,177 | 15,520 | 9,035 | 10,990 | 16,152 | |
23 |
1,512 | 4,838 | 8,395 | 8,049 | 11,177 | 14,419 | 3,529 | 1,027 | 1,578 | |
24 |
33,717 | 8,895 | 15,462 | 22,337 | - | 1,101 | 5,506 | 9,963 | 14,574 | |
29/58 |
97,719 | 96,890 | 138,032 | 172,560 | 132,475 | 92,572 | 73,354 | 89,392 | 40,318 | |
3 |
37,750 | 26,500 | 19,500 | 29,500 | 52,000 | 37,000 | 21,000 | 25,000 | - | |
37 |
37,750 | 26,500 | 19,500 | 29,500 | 52,000 | 37,000 | 21,000 | 25,000 | - | |
40/41 |
32,101 | 64,449 | 75,678 | 74,706 | 29,613 | 28,185 | 23,087 | 10,346 | 3,384 | |
40 |
26,408 | 62,417 | 75,438 | 39,778 | 28,748 | 27,320 | 14,905 | 10,346 | 2,080 | |
41 |
5,693 | 2,032 | 240 | 34,928 | 865 | 865 | 8,182 | - | 1,304 | |
54/58 |
27,768 | 5,941 | 38,026 | 68,354 | 47,199 | 26,930 | 28,689 | 53,272 | 34,973 | |
490/1 |
100 | - | 4,828 | - | 3,663 | 457 | 578 | 774 | 1,961 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
132,948 | 110,623 | 161,889 | 202,946 | 143,652 | 108,092 | 82,389 | 100,382 | 56,470 | |
10/15 |
-5,942 | -13,648 | 33,440 | 51,363 | 45,967 | 38,395 | 48,459 | 38,828 | 24,328 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | - | 6,200 | - | - | - | - | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
-14,002 | -21,708 | 25,380 | 43,303 | 37,907 | 30,335 | 40,399 | 30,768 | 16,268 | |
17/49 |
138,890 | 124,271 | 128,449 | 151,583 | 97,685 | 69,697 | 33,930 | 61,554 | 32,142 | |
17 |
23,398 | 3,230 | 7,402 | 17,424 | 3,311 | 6,306 | 4,684 | 9,367 | 14,051 | |
170/4 |
23,398 | 3,230 | 7,402 | 17,424 | 3,311 | 6,306 | 4,684 | 9,367 | 14,051 | |
42/48 |
115,492 | 121,041 | 121,047 | 134,159 | 94,374 | 63,391 | 29,246 | 52,187 | 18,091 | |
42 |
10,184 | 4,172 | 7,065 | 6,936 | 2,747 | 7,378 | 4,684 | 4,684 | 4,684 | |
44 |
45,664 | 31,754 | 29,704 | 95,612 | 64,794 | 29,452 | 17,773 | 19,566 | 2,428 | |
440/4 |
45,664 | 31,754 | 29,704 | 95,612 | 64,794 | 29,452 | 17,773 | 19,566 | 2,428 | |
46 |
- | 36,640 | 36,640 | 6,995 | 6,995 | 11,742 | - | - | - | |
45 |
10,631 | 3,427 | 17,833 | 1,344 | 8,198 | 9,195 | 6,617 | 25,269 | 9,586 | |
450/3 |
4,561 | - | 17,833 | 1,344 | 5,229 | 1,058 | 4,502 | 24,589 | 4,047 | |
454/9 |
6,070 | 3,427 | - | - | 2,969 | 8,137 | 2,115 | 680 | 5,539 | |
47/48 |
49,013 | 45,048 | 29,805 | 23,272 | 11,640 | 5,624 | 172 | 2,668 | 1,393 | |
| Income statement | ||||||||||
70 |
- | - | - | - | - | 290,148 | 358,696 | 302,695 | 301,879 | |
9900 |
142,136 | 120,187 | 197,324 | 165,967 | 130,724 | 94,525 | 122,461 | 148,203 | 143,677 | |
60/61 |
- | - | - | - | - | 195,623 | 236,235 | 154,492 | 158,202 | |
62 |
128,314 | 130,275 | 170,391 | 152,269 | 111,899 | 95,818 | 99,665 | 117,638 | 110,219 | |
630 |
15,032 | 10,124 | 10,883 | 4,291 | 4,343 | 6,394 | 6,215 | 5,162 | 10,526 | |
631/4 |
- | -30,000 | 30,000 | - | - | - | - | - | - | |
640/8 |
5,365 | 1,609 | 2,208 | 1,131 | 1,276 | 1,309 | 1,033 | 3,049 | 273 | |
66A |
1,000 | 54,390 | - | - | - | - | - | - | - | |
9901 |
-7,575 | -46,211 | -16,158 | 8,276 | 13,206 | -8,996 | 15,548 | 22,354 | 22,659 | |
75/76B |
17,351 | 43 | - | - | - | - | - | - | 1 | |
75 |
- | 43 | - | - | - | - | - | - | 1 | |
76B |
17,351 | - | - | - | - | - | - | - | - | |
65/66B |
1,798 | 920 | 1,765 | 1,236 | 3,519 | 1,353 | 1,766 | 2,085 | 485 | |
65 |
1,798 | 920 | 1,765 | 1,236 | 3,519 | 1,353 | 1,766 | 2,085 | 485 | |
9903 |
7,978 | -47,088 | -17,923 | 7,040 | 9,687 | -10,349 | 13,782 | 20,269 | 22,175 | |
67/77 |
272 | - | - | 1,644 | 2,115 | -285 | 4,151 | 5,769 | 4,047 | |
9904 |
7,706 | -47,088 | -17,923 | 5,396 | 7,572 | -10,064 | 9,631 | 14,500 | 18,128 | |
9905 |
7,706 | -47,088 | -17,923 | 5,396 | 7,572 | -10,064 | 9,631 | 14,500 | 18,128 | |
| Appropriation of the result | ||||||||||
9906 |
-14,002 | -21,708 | 25,380 | 43,303 | 37,907 | 30,335 | 40,399 | 30,768 | 18,128 | |
14P |
-21,708 | 25,380 | 43,303 | 37,907 | 30,335 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
| Social balance sheet | ||||||||||
9087 |
3 | 2.9 | 4 | 3.8 | 3 | 3 | 3.8 | 4.3 | 4.2 | |
Hours worked1013 |
- | - | - | 5,280 | 4,024 | 4,160 | 4,992 | 6,568 | 7,340 | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00537813.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00537813 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00405909 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00328477 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00200679 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20266436 | |
| 31-12-2020 | micro format | 07-07-2021 | 2021-34300003 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-43200358 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-39100187 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43100046 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 7,457 | -36,087 | -5,275 | 12,567 | 17,549 | -2,602 | 21,763 | 27,516 | 33,185 | ||
| 22,738 | -36,964 | -7,040 | 9,687 | 11,915 | -3,670 | 15,846 | 19,662 | 28,654 | ||
| 36,528 | 0 | 4,354 | 23,500 | 0 | 12,879 | 4,260 | 0 | 25,677 | ||
| 21,827 | -32,085 | -30,328 | 21,155 | 20,269 | -1,759 | -24,583 | 18,299 | - | ||
| -17,773 | -24,151 | 16,985 | 38,401 | 38,101 | 29,181 | 44,108 | 37,205 | 22,227 | ||
| - | - | - | - | - | -3.1% | 4.3% | 7.4% | 7.5% | ||
| -4.5% | -12.3% | 20.7% | 25.3% | 32.0% | 35.5% | 58.8% | 38.7% | 43.1% | ||
| 0.85 | 0.80 | 1.14 | 1.29 | 1.40 | 1.46 | 2.51 | 1.71 | 2.23 | ||
| 0.52 | 0.58 | 0.98 | 1.07 | 0.85 | 0.88 | 1.79 | 1.23 | 2.23 | ||
| - | - | 3.84 | 2.95 | 2.13 | 1.82 | 0.70 | 1.59 | 1.32 | ||
| - | - | -53.6% | 10.5% | 16.5% | -26.2% | 19.9% | 37.3% | 74.5% | ||
| 5.8% | -42.6% | -11.1% | 2.7% | 5.3% | -9.3% | 11.7% | 14.4% | 32.1% | ||
| 4.15 | -39.23 | -2.99 | 10.17 | 4.99 | - | - | - | - | ||
| - | - | - | - | - | 34 days | 15 days | 12 days | 3 days | ||
| - | - | - | - | - | 55 days | 27 days | 46 days | 6 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | - | 4 | 3 |
| full-time | - | - | - | 4 | 3 |
| in full-time equivalents | 3 | - | - | 4 | 3 |
| 3 | 2.9 | 4 | 3.8 | 3 | |
| On a permanent contract | 3 | 3 | 3 | 4 | 3 |
| Joined | 1 | 1 | 0 | 1 | 1 |
| Left | 1 | 1 | 1 | 0 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €36,528 | - | €4,354 | €23,500 | - |
| €15,032 | €10,124 | €10,883 | €4,291 | €4,343 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €7,575, smaller than the loss of €46,211 in 2024.
Equity is negative. Debt (€138,890) exceeds the balance-sheet total (€132,948).
VICARI CONSTRUCT has no parent and no holdings in its annual accounts.
See the function holders in the KBO register.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de l'Enseignement 39 registered office 4633 Soumagne | 27-04-2016 | 2.255.178.338 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62069B0332/00R000 | 853 m² | 1 · 152 m² | 8.8 m · 2 |
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 0652.874.633
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