VICTORCONSTRUCT
ActiveSummary
VICTORCONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €-85k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+4
Solvency31▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.71 in 2024; short-term debt: 38.8% and cash: 0.7% of total assets), but 93.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-85k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
50 d early
2023
75 d early
2022
28 d early
2021
16 d early
2020
30 d early
2019
50 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€141k▼ 37.5%
2024 · €226k
2018: €81klowest in 8 years
2019: €124k▲ +54.2% vs 2018
2020: €318k▲ +156% vs 2019
2021: €315k▼ -0.8% vs 2020
2022: €463k▲ +46.8% vs 2021highest in 8 years
2023: €349k▼ -24.7% vs 2022
2024: €226k▼ -35.2% vs 2023
2025: €141k▼ -37.5% vs 2024
2018 → 2025
Total assets
€2.19M▼ 0.1%
2024 · €2.19M
2018: €687k
2019: €465k▼ -32.3% vs 2018lowest in 8 years
2020: €2.06M▲ +343% vs 2019
2021: €2.05M▼ -0.4% vs 2020
2022: €2.21M▲ +7.7% vs 2021
2023: €2.25M▲ +1.7% vs 2022highest in 8 years
2024: €2.19M▼ -2.5% vs 2023
2025: €2.19M▼ -0.1% vs 2024
2018 → 2025
Net result
€-85k▲ 30.9%
2024 · €-123k
2018: €-16k
2019: €44k▲ +382% vs 2018
2020: €194k▲ +343% vs 2019highest in 8 years
2021: €-3k▼ -101% vs 2020
2022: €147k▲ +5706% vs 2021
2023: €-114k▼ -177% vs 2022
2024: €-123k▼ -7.4% vs 2023lowest in 8 years
2025: €-85k▲ +30.9% vs 2024
2018 → 2025
Working capital
€1.34M▼ 3.2%
2024 · €1.38M
2018: €618k
2019: €374k▼ -39.5% vs 2018lowest in 8 years
2020: €1.40M▲ +273% vs 2019
2021: €1.41M▲ +1.2% vs 2020
2022: €1.53M▲ +8.5% vs 2021highest in 8 years
2023: €1.46M▼ -4.6% vs 2022
2024: €1.38M▼ -5.4% vs 2023
2025: €1.34M▼ -3.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€315k-€463k▲ 46.8%€349k▼ 24.7%€226k▼ 35.2%€141k▼ 37.5%
2021: €315k
2022: €463k▲ +46.8% vs 2021highest in 5 years
2023: €349k▼ -24.7% vs 2022
2024: €226k▼ -35.2% vs 2023
2025: €141k▼ -37.5% vs 2024lowest in 5 years
Operating result€39k-€239k▲ 511%€-19k€-20k▼ 3.5%€-161▲ 99.2%
2021: €39k
2022: €239k▲ +511% vs 2021highest in 5 years
2023: €-19k▼ -108% vs 2022
2024: €-20k▼ -3.5% vs 2023lowest in 5 years
2025: €-161▲ +99.2% vs 2024
Net result€-3k-€147k€-114k€-123k▼ 7.4%€-85k▲ 30.9%
2021: €-3k
2022: €147k▲ +5706% vs 2021highest in 5 years
2023: €-114k▼ -177% vs 2022
2024: €-123k▼ -7.4% vs 2023lowest in 5 years
2025: €-85k▲ +30.9% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €161 in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.19M
Equity
€141k ▼ 37.5%
Debt
€2.05M ▲ 4.2%
Debt's share of the balance-sheet total rises from 89.7% to 93.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
2.58▼
2024 · 2.71
Quick ratio
0.08▼
2024 · 0.09
Debt to equity
14.50▲
2024 · 8.70
ROE
-60.0%▼
2024 · -54.2%
ROA
-3.9%▲
2024 · -5.6%
Debt ≤ 1 year
€851k▲
2024 · €809k
Debt > 1 year
€1.05M=
2024 · €1.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.19M€2.19M▼
Current assets29/58€2.19M€2.19M▼
Stocks and contracts in progress3€2.12M€2.12M=
Stocks30/36€2.12M€2.12M=
Amounts receivable within one year40/41€50k€53k▲
Trade receivables40€0€3k▲
Other amounts receivable41€50k€50k▲
Cash at bank and in hand54/58€21k€15k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.19M▼
Equity10/15€226k€141k▼
Contributions10/11€250k€250k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€-24k€-109k▼
Amounts payable17/49€1.97M€2.05M▲
Amounts payable after more than one year17€1.05M€1.05M=
Financial debts170/4€1.05M€1.05M=
Amounts payable within one year42/48€809k€851k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Other amounts payable47/48€805k€845k▲
Accrued charges and deferred income492/3€108k€149k▲
Income statement
Code20242025
Non-recurring operating income76A-€22k
Other operating charges640/8€8k€13k▲
Gross operating margin9900€-11k€12k▲
Operating profit (loss)9901€-20k€-161▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€103k€85k▼
Recurring financial charges65€103k€85k▼
Profit (loss) for the period before taxes9903€-123k€-85k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-123k€-85k▲
Profit (loss) for the period to be appropriated9905€-123k€-85k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-109k▼
Profit (loss) brought forward from the previous period14P€74k€-24k▼
Transfer from equity791/2€25k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €22k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-9k | €0 | - | - | - |
| Other operating charges640/8 | €6k | €7k | €7k | €8k | €13k | ▲ 51.9% |
| Gross operating margin9900 | €45k | €236k | €-12k | €-11k | €12k | ▲ 210% |
| Operating profit (loss)9901 | €39k | €239k | €-19k | €-20k | €-161 | ▲ 99.2% |
| Financial income75/76B | €0 | €0 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €42k | €43k | €95k | €103k | €85k | ▼ 17.9% |
| Recurring financial charges65 | €42k | €43k | €95k | €103k | €85k | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €-3k | €196k | €-114k | €-123k | €-85k | ▲ 30.9% |
| Income taxes67/77 | - | €49k | €-88 | €0 | - | - |
| Profit (loss) for the period9904 | €-3k | €147k | €-114k | €-123k | €-85k | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €147k | €-114k | €-123k | €-85k | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.05M | €2.21M | €2.25M | €2.19M | €2.19M | ▼ 0.1% |
| Current assets29/58 | €2.05M | €2.21M | €2.25M | €2.19M | €2.19M | ▼ 0.1% |
| Stocks and contracts in progress3 | €2.03M | €2.18M | €2.17M | €2.12M | €2.12M | = |
| Stocks30/36 | €2.03M | €2.18M | €2.17M | €2.12M | €2.12M | = |
| Amounts receivable within one year40/41 | €19k | €21k | €67k | €50k | €53k | ▲ 6.2% |
| Trade receivables40 | €2k | €2k | €18k | €0 | €3k | - |
| Other amounts receivable41 | €18k | €19k | €49k | €50k | €50k | ▲ 0.1% |
| Cash at bank and in hand54/58 | €6k | €15k | €18k | €21k | €15k | ▼ 28.6% |
| Deferred charges and accrued income490/1 | €853 | €900 | €971 | €1k | €1k | ▲ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.05M | €2.21M | €2.25M | €2.19M | €2.19M | ▼ 0.1% |
| Equity10/15 | €315k | €463k | €349k | €226k | €141k | ▼ 37.5% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Reserves13 | €25k | €25k | €25k | €0 | - | - |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €0 | - | - |
| Reserves not available under the articles1311 | €25k | €25k | €25k | €0 | - | - |
| Profit (loss) carried forward14 | €40k | €188k | €74k | €-24k | €-109k | ▼ 355% |
| Provisions and deferred taxes16 | €9k | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €9k | €0 | - | - | - | - |
| Other liabilities and charges164/5 | €9k | €0 | - | - | - | - |
| Amounts payable17/49 | €1.73M | €1.75M | €1.90M | €1.97M | €2.05M | ▲ 4.2% |
| Amounts payable after more than one year17 | €1.05M | €1.05M | €1.05M | €1.05M | €1.05M | = |
| Financial debts170/4 | €1.05M | €1.05M | €1.05M | €1.05M | €1.05M | = |
| Amounts payable within one year42/48 | €640k | €679k | €788k | €809k | €851k | ▲ 5.1% |
| Trade debts44 | €4k | €4k | €3k | €4k | €6k | ▲ 34.3% |
| Suppliers440/4 | €4k | €4k | €3k | €4k | €6k | ▲ 34.3% |
| Other amounts payable47/48 | €636k | €675k | €785k | €805k | €845k | ▲ 5.0% |
| Accrued charges and deferred income492/3 | €40k | €21k | €64k | €108k | €149k | ▲ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €147k | €-114k | €-123k | €-85k | ▲ 30.9% |
| Operating cash flow (approximation) | €-3k | €147k | €-114k | €-123k | €-85k | ▲ 30.9% |
| Change in cash | - | €10k | €3k | €3k | €-6k | ▼ 280% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-123k
Net result drops to €-123k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €147k
Net result €147k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €194k ▲343%
Net result €194k, the highest in the series.
31-12
Financial
Equity above €200kEq €318k ▲156%
2 profitable years in a row build equity to €318k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
Show earlier events
31-12
Financial
Equity above €100kEq €124k ▲54.2%
Equity rises from €81k to €124k.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oostkamp · 1 establishment unit since 2006
Ground area
10.4 ha
Building footprint
312 m²
Volume, LiDAR
2,521 m³
Parcel 31403F0109/00G000, Flanders · tallest building 28.8 m, ±2 floors. Linked by address, not a title deed.
52
companies at this address
See who is registered here
1 establishment unit
VICTORCONSTRUCT
since 20062.150.884.631
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0109/00G000 | Flanders | 10.4 ha | 1 · 312 m² | 28.8 m · 2 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
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BE 0718.983.103
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AEA MAX
BE 0785.324.272
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CHAAR & CO
BE 0747.639.574
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,350 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
Founded09-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.