Equity
Equity fell by 69% in 3 years.
Equity fell by 69% in 3 years.
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
€1.1m of the debts are secured on the company's own assets. In 2021 that was €1.1m.
The last five annual accounts were filed 15 to 75 days before the end of the period.
Lower net result than 87% of companies in real estate. Sector median €9,997 · 11,290 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 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 68, small). It does better than 24% of them on solvency, 26% on liquidity, 20% on profitability and 11% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 1,104 companies had the same profile as VICTORCONSTRUCT has now. Each dot stands for 3 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VICTORCONSTRUCT itself is lower: 0.1% within 12 months. It rests on far more data about VICTORCONSTRUCT 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 1,104 companies, not a prediction for VICTORCONSTRUCT. 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 2.58 (2.71 in 2024), above the usual 1.5. Short-term debt is 38.8% and cash 0.7% of total assets. However, 93.5% 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 7 accounts on average 38 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VICTORCONSTRUCT Oostkamp | €2.2m | €12,406 | 6.5% | 0 |
| POC CONSTRUCT Roeselare | €2.5m | €16,161 | 3.1% | 0 |
| IEPENBURG Schilde | €2.4m | €30,203 | 86.9% | 0 |
| REWIRTUS Geraardsbergen | €2.0m | €32,519 | 2.3% | 0 |
| HOLDING VANGRONSVELD Bilzen-Hoeselt | €1.3m | €18,081 | 100.0% | 0 |
| Heritage Development Brasschaat | €2.5m | €42,872 | -4.6% | 0 |
| RODAMA Kortrijk | €4.0m | €12,087 | 0.0% | 0 |
These companies have the same main activity as VICTORCONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.3m and €4m, founded between 1996 and 2009.
VICTORCONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from -€4,949 in 2006 to €12,406 in 2025.
Global Merrill & Piedmont holds all the shares. In July 2024, four directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €52,000. Estimated: probably between €25,000 and €160,000.
Higher than 25% of 11,299 companies in 2025.
Higher than 74% of 10,851 companies in 2025.
Higher than 17% of 11,184 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
2.2m | 2.2m | 2.3m | 2.2m | 2.1m | 2.1m | 465,310 | 686,943 | 683,142 | 676,265 | 649,813 | 653,308 | 648,227 | 647,697 | 647,895 | 655,504 | 652,747 | 658,579 | 677,672 | 536,398 | |
21/28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,028 | 9,077 | 12,126 | 258 | |
22/27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,028 | 9,077 | 12,126 | 258 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,028 | 9,077 | 12,126 | 258 | |
29/58 |
2.2m | 2.2m | 2.3m | 2.2m | 2.1m | 2.1m | 465,310 | 686,943 | 683,142 | 676,265 | 649,813 | 653,308 | 648,227 | 647,697 | 647,895 | 655,504 | 646,719 | 649,502 | 665,546 | 536,140 | |
3 |
2.1m | 2.1m | 2.2m | 2.2m | 2.0m | 2.0m | 438,287 | 673,945 | 659,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 514,252 | |
30/36 |
2.1m | 2.1m | 2.2m | 2.2m | 2.0m | 2.0m | 438,287 | 673,945 | 659,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 639,040 | 514,252 | |
40/41 |
53,212 | 50,085 | 67,071 | 21,436 | 19,490 | 19,128 | 22,036 | 8,935 | 2,673 | - | - | - | 3 | 3 | 288 | 143 | 9 | 1,692 | 3,769 | 8,906 | |
40 |
3,056 | 0 | 18,470 | 1,938 | 1,506 | 1,162 | 921 | - | 2,673 | - | - | - | - | - | 283 | 139 | - | - | 235 | - | |
41 |
50,155 | 50,085 | 48,601 | 19,498 | 17,985 | 17,966 | 21,115 | 8,935 | - | - | - | - | 3 | 3 | 5 | 4 | 9 | 1,692 | 3,534 | 8,906 | |
54/58 |
15,100 | 21,134 | 17,783 | 15,257 | 5,687 | 6,179 | 4,450 | 3,572 | 20,954 | 36,636 | 10,263 | 13,782 | 8,705 | 8,229 | 8,166 | 15,629 | 7,039 | 8,177 | 22,043 | 12,982 | |
490/1 |
1,048 | 1,026 | 971 | 900 | 853 | 776 | 538 | 491 | 474 | 589 | 510 | 486 | 479 | 425 | 401 | 692 | 631 | 593 | 694 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
2.2m | 2.2m | 2.3m | 2.2m | 2.1m | 2.1m | 465,310 | 686,943 | 683,142 | 676,265 | 649,813 | 653,308 | 648,227 | 647,697 | 647,895 | 655,504 | 652,747 | 658,579 | 677,672 | 536,398 | |
10/15 |
141,336 | 226,107 | 348,711 | 462,843 | 315,389 | 318,020 | 124,343 | 80,640 | 96,160 | 112,311 | 123,140 | 149,000 | 172,290 | 196,087 | 219,434 | 241,587 | 267,289 | 291,940 | 323,229 | 225,493 | |
10/11 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
100 |
- | - | - | - | - | - | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
13 |
- | 0 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | |
130/1 |
- | 0 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | - | |
1311 |
- | 0 | 25,000 | 25,000 | 25,000 | 25,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-108,664 | -23,893 | 73,711 | 187,843 | 40,389 | 43,020 | -150,657 | -194,360 | -178,840 | -162,689 | -151,860 | -126,000 | -102,710 | -78,913 | -55,566 | -33,413 | -7,711 | 16,940 | 48,229 | -24,507 | |
16 |
- | - | - | 0 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | - | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | 0 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | 0 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | 9,330 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
2.0m | 2.0m | 1.9m | 1.8m | 1.7m | 1.7m | 331,637 | 596,973 | 577,651 | 554,624 | 526,673 | 504,308 | 475,937 | 451,610 | 428,461 | 413,917 | 385,458 | 366,639 | 354,443 | 310,905 | |
17 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 236,920 | 526,000 | 526,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
170/4 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 236,920 | 526,000 | 526,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
42/48 |
850,632 | 809,193 | 788,131 | 678,645 | 640,122 | 666,411 | 91,308 | 69,248 | 50,803 | 208,291 | 180,345 | 164,640 | 149,806 | 135,546 | 122,440 | 117,925 | 99,417 | 90,656 | 88,863 | 54,056 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,568 | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,568 | - | |
44 |
5,632 | 4,193 | 3,131 | 3,645 | 3,993 | 2,282 | 10,179 | 1,118 | 22,673 | 244 | - | 42 | 75 | 11 | - | 185 | 59 | 57 | 305 | 164 | |
440/4 |
5,632 | 4,193 | 3,131 | 3,645 | 3,993 | 2,282 | 10,179 | 1,118 | 22,673 | 244 | - | 42 | 75 | 11 | - | 185 | 59 | 57 | 305 | 164 | |
45 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 301 | - | - | - | - | |
450/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 301 | - | - | - | - | |
47/48 |
845,000 | 805,000 | 785,000 | 675,000 | 636,129 | 664,129 | 81,129 | 68,129 | 28,129 | 208,047 | 180,345 | 164,598 | 149,731 | 135,535 | 122,440 | 117,439 | 99,358 | 90,599 | 65,990 | 53,892 | |
492/3 |
148,933 | 108,487 | 64,332 | 21,487 | 39,576 | 19,503 | 3,409 | 1,726 | 849 | 96,333 | 96,328 | 89,668 | 76,131 | 66,064 | 56,021 | 45,992 | 36,041 | 25,983 | 15,580 | 6,849 | |
| Income statement | |||||||||||||||||||||
76A |
22,387 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,600 | - | - | - | - | |
9900 |
12,406 | -11,296 | -12,400 | 236,192 | 45,213 | 235,615 | 56,128 | -4,837 | -5,236 | 28 | 1,849 | 2,403 | 2,859 | 2,017 | 2,304 | -2,342 | 1,700 | -2,498 | 155,354 | -4,949 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 60 | 3,049 | 3,049 | 3,050 | 2,430 | |
635/8 |
- | - | 0 | -9,330 | - | - | - | - | - | 9,330 | - | - | - | - | - | - | - | - | - | - | |
640/8 |
12,567 | 8,274 | 6,502 | 6,775 | 6,116 | 1,508 | 1,472 | 1,450 | 2,472 | 1,061 | 1,055 | - | 1,889 | 1,437 | 1,355 | 4,538 | 1,547 | 4,348 | 3,769 | 509 | |
9901 |
-161 | -19,570 | -18,903 | 238,747 | 39,097 | 234,107 | 54,656 | -6,287 | -7,709 | -10,363 | 794 | 2,403 | 970 | 580 | 949 | -6,940 | -2,896 | -9,895 | 148,535 | -7,888 | |
75/76B |
- | 0 | 0 | 0 | 0 | 33 | 29 | - | 0 | 1 | 4 | 8 | 13 | 16 | 30 | - | 24 | 35 | 168 | 837 | |
75 |
- | 0 | 0 | 0 | 0 | 33 | 29 | - | 0 | 1 | 4 | 8 | 13 | 16 | 30 | - | 24 | 35 | 168 | 837 | |
65/66B |
84,611 | 103,034 | 95,318 | 42,793 | 41,728 | 40,463 | 10,981 | 9,234 | 8,442 | 467 | 26,656 | 25,700 | 24,780 | 23,943 | 23,132 | 22,362 | 21,779 | 21,429 | 22,629 | 17,456 | |
65 |
84,611 | 103,034 | 95,318 | 42,793 | 41,728 | 40,463 | 10,981 | 9,234 | 8,442 | 467 | 26,656 | 25,700 | 24,780 | 23,943 | 23,132 | 22,362 | 21,779 | 21,429 | 22,629 | 17,456 | |
9903 |
-84,771 | -122,604 | -114,220 | 195,954 | -2,631 | 193,676 | 43,704 | -15,521 | -16,150 | -10,829 | -25,858 | -23,289 | -23,797 | -23,347 | -22,153 | -25,702 | -24,651 | -31,289 | 126,074 | -24,507 | |
67/77 |
- | 0 | -88 | 48,500 | - | - | - | - | - | 0 | 1 | 1 | - | - | - | - | - | - | 28,338 | - | |
9904 |
-84,771 | -122,604 | -114,132 | 147,454 | -2,631 | 193,676 | 43,704 | -15,521 | -16,150 | -10,830 | -25,859 | -23,290 | -23,797 | -23,347 | -22,153 | -25,702 | -24,651 | -31,289 | 97,736 | -24,507 | |
9905 |
-84,771 | -122,604 | -114,132 | 147,454 | -2,631 | 193,676 | 43,704 | -15,521 | -16,150 | -10,830 | -25,859 | -23,290 | -23,797 | -23,347 | -22,153 | -25,702 | -24,651 | -31,289 | 97,736 | -24,507 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-108,664 | -48,893 | 73,711 | 187,843 | 40,389 | 43,020 | -150,657 | -194,360 | -178,840 | -162,689 | -151,860 | -126,000 | -102,710 | -78,913 | -55,566 | -33,413 | -7,711 | 16,940 | 73,229 | -24,507 | |
14P |
-23,893 | 73,711 | 187,843 | 40,389 | 43,020 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
0 | 25,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25,000 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25,000 | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The notes to these accounts have 11 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 16-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00312498 | |
| 31-12-2024 | abbreviated format | 11-06-2025 | 2025-00137227 | |
| 31-12-2023 | abbreviated format | 17-05-2024 | 2024-00093077 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00199275 | |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20197004 | |
| 31-12-2020 | abbreviated format | 01-07-2021 | 2021-29400196 | |
| 31-12-2019 | abbreviated format | 11-06-2020 | 2020-16600573 | |
| 31-12-2018 | abbreviated format | 06-06-2019 | 2019-17500170 | |
| 31-12-2017 | abbreviated format | 03-07-2018 | 2018-29200526 | |
| 31-12-2016 | abbreviated format | 22-06-2017 | 2017-21300508 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-58100084 | |
| 31-12-2014 | abbreviated format | 10-09-2015 | 2015-58500082 | |
| 31-12-2013 | abbreviated format | 27-08-2014 | 2014-52700306 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-56300026 | |
| 31-12-2011 | abbreviated format | 30-08-2012 | 2012-52100031 | |
| 31-12-2010 | abbreviated format | 17-01-2012 | 2012-01200201 | |
| 31-12-2009 | abbreviated format | 17-01-2012 | 2012-01200200 | |
| 31-12-2008 | abbreviated format | 28-08-2009 | 2009-69100140 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-68900309 | |
| 31-12-2006 | abbreviated format | 31-08-2007 | 2007-69800296 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6,880 | 153 | -6,846 | 151,585 | -5,458 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -25,642 | -21,602 | -28,240 | 100,786 | -22,077 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5,968 | 0 | 0 | 14,918 | 329 | ||
| -6,035 | 3,351 | 2,526 | 9,570 | -491 | 1,729 | 878 | -17,382 | -15,682 | 26,373 | -3,519 | 5,077 | 476 | 63 | -7,463 | 8,590 | -1,138 | -13,866 | 9,061 | - | ||
| 1.3m | 1.4m | 1.5m | 1.5m | 1.4m | 1.4m | 374,003 | 617,695 | 632,339 | 467,974 | 469,468 | 488,668 | 498,421 | 512,151 | 525,455 | 537,579 | 547,302 | 558,846 | 576,683 | 482,084 | ||
| 6.5% | 10.3% | 15.5% | 20.9% | 15.4% | 15.4% | 26.7% | 11.7% | 14.1% | 16.6% | 19.0% | 22.8% | 26.6% | 30.3% | 33.9% | 36.9% | 40.9% | 44.3% | 47.7% | 42.0% | ||
| 2.58 | 2.71 | 2.86 | 3.26 | 3.21 | 3.10 | 5.10 | 9.92 | 13.45 | 3.25 | 3.60 | 3.97 | 4.33 | 4.78 | 5.29 | 5.56 | 6.51 | 7.16 | 7.49 | 9.92 | ||
| 0.08 | 0.09 | 0.11 | 0.06 | 0.04 | 0.04 | 0.30 | 0.19 | 0.47 | 0.18 | 0.06 | 0.09 | 0.06 | 0.06 | 0.07 | 0.14 | 0.08 | 0.12 | 0.30 | 0.40 | ||
| 14.50 | 8.70 | 5.46 | 3.78 | 5.48 | 5.46 | 2.67 | 7.40 | 6.01 | 4.94 | 4.28 | 3.38 | 2.76 | 2.30 | 1.95 | 1.71 | 1.44 | 1.26 | 1.10 | 1.38 | ||
| -60.0% | -54.2% | -32.7% | 31.9% | -0.8% | 60.9% | 35.1% | -19.2% | -16.8% | -9.6% | -21.0% | -15.6% | -13.8% | -11.9% | -10.1% | -10.6% | -9.2% | -10.7% | 30.2% | -10.9% | ||
| -3.9% | -5.6% | -5.1% | 6.7% | -0.1% | 9.4% | 9.4% | -2.3% | -2.4% | -1.6% | -4.0% | -3.6% | -3.7% | -3.6% | -3.4% | -3.9% | -3.8% | -4.8% | 14.4% | -4.6% |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m |
| Mortgages, amount registered | €27,500 | €27,500 | €27,500 | €27,500 | €82,500 |
| €1.2m | €1.2m | €1.2m | €1.2m | €2.3m | |
| Carrying value of the mortgaged assets | €2.1m | €2.1m | €2.2m | €2.2m | €2.0m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
The operating result for 2025 is a loss of €161, smaller than the loss of €19,570 in 2024.
Debt's share of the balance-sheet total rises from 89.7% to 93.5%. Equity is lower and debt is higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of Global Merrill & Piedmont. Every holding stands with its own latest accounts.
Part of the group Global Merrill & Piedmont Group, risk and exposure| GLOBALINDUS
registered office since 03-05-2006 · founded in 2006 |
turnover €6.4m (2025) 0879.020.730 |
| GLOBAL NEXUS
registered office since 08-11-2006 · founded in 2006 · group Global Merrill & Piedmont |
turnover €3.5m (2025) 0884.839.740 |
| GLOBAL LIFE 4
registered office since 16-03-2016 · founded in 2016 |
total assets €33.1m (2025) 0649.988.090 |
| Global Merrill & Piedmont
registered office since 18-12-2007 · founded in 2007 |
total assets €28.5m (2025) 0891.645.180 |
| Global Bazadaise
registered office since 01-06-1951 · founded in 1951 · group Global Merrill & Piedmont |
total assets €19.4m (2025) 0405.152.073 |
| Global Brugge Station
registered office since 27-02-2023 · founded in 2023 · negative equity (2025) · group GLOBALINDUS |
total assets €18.8m (2025) 0798.902.193 |
| ABRAM
registered office since 02-10-1992 · founded in 1992 · negative equity (2025) · group Global Merrill & Piedmont |
total assets €16.0m (2025) 0448.162.467 |
| DEJAEGHER
registered office since 15-01-2002 · founded in 2000 · negative equity (2025) · group Global Merrill & Piedmont |
total assets €13.6m (2025) 0473.415.626 |
| Global Jordan & Freeman
registered office since 07-05-2013 · founded in 2013 |
turnover €8.2m (2025) 0533.955.306 |
| GBS 11
registered office since 28-02-2023 · founded in 2023 · negative equity (2025) · group GLOBALINDUS |
total assets €7.7m (2025) 0798.935.154 |
The network starts from the shareholders of VICTORCONSTRUCT. Every company they also own or run is a node.
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 |
|---|---|---|
| Kapellestraat 117 registered office 8020 Oostkamp | 02-01-2006 | 2.150.884.631 |
| 20-12-2024 | Granted | Bouwen of herbouwen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Slopen van niet vrijstaande gebouwen of constructies submitted 28-06-2024 · project 2024058888 | Brugge |
| 21-09-2023 | Refused | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 30-06-2022 · project 2022071274 | Provincie West-Vlaanderen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31403F0109/00G000 | 10.4 ha | 1 · 312 m² | 28.8 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 0877.817.336
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