VIHAS
ActiveSummary
VIHAS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€152,817) and a net result of -€13,362. Equity is shrinking by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.26 in 2024; short-term debt: 628.1% and cash: 0.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-528.1%
Return on assets
-46.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€152,817
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
57 d late
2023
29 d late
2022
31 d late
2021
66 d late
2020
87 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 52 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€152,817▼ 9.6%
2024 · -€139,454
Total assets
€28,935▼ 51.9%
2024 · €60,168
Net result
-€13,362▲ 72.6%
2024 · -€48,773
Working capital
-€159,434▼ 7.7%
2024 · -€147,969
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€11,602▼ 4,106%-€98,915▼ 753%-€39,036▲ 60.5%-€41,176▼ 5.5%-€9,247▲ 77.5%
Net result-€15,002-€101,305▼ 575%-€40,803▲ 59.7%-€48,773▼ 19.5%-€13,362▲ 72.6%
Equity€51,428▼ 22.6%-€49,878-€90,681▼ 81.8%-€139,454▼ 53.8%-€152,817▼ 9.6%
Total assets€257,908▲ 22.1%€148,392▼ 42.5%€84,178▼ 43.3%€60,168▼ 28.5%€28,935▼ 51.9%
Debt€206,480▲ 42.6%€198,269▼ 4.0%€174,859▼ 11.8%€199,623▲ 14.2%€181,752▼ 9.0%
Working capital€20,643▲ 4.8%-€70,871-€104,648▼ 47.7%-€147,969▼ 41.4%-€159,434▼ 7.7%
Staff (FTE)2.2=2▼ 9.1%0.5▼ 75.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9,247 in 2025 against €41,176 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,935
Fixed assets
€6,617 ▼ 22.3%
Current assets
€22,318 ▼ 56.8%
Key figures and ratios
EBITDA
-€7,350▲
2024 · -€38,374
Cash flow
-€11,465▲
2024 · -€45,972
Solvency
-528.1%▼
2024 · -231.8%
Current ratio
0.12▼
2024 · 0.26
Quick ratio
0.06▼
2024 · 0.15
Debt to equity
-1.19▲
2024 · -1.43
ROA
-46.2%▲
2024 · -81.1%
Interest coverage
-1.79▲
2024 · -16.45
Debt ≤ 1 year
€181,752▼
2024 · €199,623
Income taxes
€0▼
2024 · €5,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
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%.
| 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 6,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,349 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €118,872 | €80,864 | €32,715 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,142 | €9,791 | €7,026 | €2,802 | €1,897 | ▼ 32.3% |
| Other operating charges640/8 | €1,295 | €1,242 | €531 | €1,644 | €459 | ▼ 72.1% |
| Gross operating margin9900 | €126,707 | -€7,018 | €1,236 | -€36,730 | -€6,891 | ▲ 81.2% |
| Operating profit (loss)9901 | -€11,602 | -€98,915 | -€39,036 | -€41,176 | -€9,247 | ▲ 77.5% |
| Financial income75/76B | €0 | €0 | - | €26 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | - | €26 | €0 | ▼ 100% |
| Financial charges65/66B | €2,315 | €2,160 | €1,537 | €2,333 | €4,115 | ▲ 76.4% |
| Recurring financial charges65 | €2,315 | €2,160 | €1,537 | €2,333 | €4,115 | ▲ 76.4% |
| Profit (loss) for the period before taxes9903 | -€13,917 | -€101,075 | -€40,573 | -€43,483 | -€13,362 | ▲ 69.3% |
| Income taxes67/77 | €1,084 | €231 | €231 | €5,291 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€15,002 | -€101,305 | -€40,803 | -€48,773 | -€13,362 | ▲ 72.6% |
| Transfer from tax-exempt reserves789 | €18,750 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,748 | -€101,305 | -€40,803 | -€48,773 | -€13,362 | ▲ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,908 | €148,392 | €84,178 | €60,168 | €28,935 | ▼ 51.9% |
| Fixed assets21/28 | €30,784 | €20,993 | €13,967 | €8,514 | €6,617 | ▼ 22.3% |
| Tangible fixed assets22/27 | €26,882 | €17,090 | €10,064 | €4,611 | €2,714 | ▼ 41.1% |
| Plant, machinery and equipment23 | €9,575 | €4,489 | €2,169 | €853 | €0 | ▼ 100% |
| Furniture and vehicles24 | €17,307 | €12,601 | €7,895 | €3,758 | €2,714 | ▼ 27.8% |
| Financial fixed assets28 | €3,903 | €3,903 | €3,903 | €3,903 | €3,903 | = |
| Current assets29/58 | €227,123 | €127,399 | €70,211 | €51,654 | €22,318 | ▼ 56.8% |
| Stocks and contracts in progress3 | €35,545 | €37,560 | €37,560 | €21,685 | €12,251 | ▼ 43.5% |
| Stocks30/36 | €35,545 | €37,560 | €37,560 | €21,685 | €12,251 | ▼ 43.5% |
| Amounts receivable within one year40/41 | €187,116 | €88,729 | €32,651 | €29,921 | €9,976 | ▼ 66.7% |
| Trade receivables40 | €184,662 | €86,950 | €29,993 | €27,444 | €6,845 | ▼ 75.1% |
| Other amounts receivable41 | €2,453 | €1,779 | €2,658 | €2,477 | €3,130 | ▲ 26.4% |
| Cash at bank and in hand54/58 | €3,064 | €641 | €0 | €48 | €92 | ▲ 91.8% |
| Deferred charges and accrued income490/1 | €1,399 | €469 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,908 | €148,392 | €84,178 | €60,168 | €28,935 | ▼ 51.9% |
| Equity10/15 | €51,428 | -€49,878 | -€90,681 | -€139,454 | -€152,817 | ▼ 9.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €32,609 | €10,859 | €10,859 | €10,859 | €10,859 | = |
| Non-distributable reserves130/1 | €10,859 | €10,859 | €10,859 | €10,859 | €10,859 | = |
| Reserves not available under the articles1311 | €10,859 | €10,859 | €10,859 | €10,859 | €10,859 | = |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €21,750 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €227 | -€79,329 | -€120,132 | -€168,906 | -€182,268 | ▼ 7.9% |
| Amounts payable17/49 | €206,480 | €198,269 | €174,859 | €199,623 | €181,752 | ▼ 9.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €206,480 | €198,269 | €174,859 | €199,623 | €181,752 | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | €2,204 | €0 | - | - | - | - |
| Financial debts43 | €25,000 | €25,000 | €25,051 | €25,000 | €25,000 | = |
| Credit institutions430/8 | €25,000 | €25,000 | €25,051 | €25,000 | €25,000 | = |
| Trade debts44 | €83,647 | €46,593 | €11,952 | €755 | €593 | ▼ 21.5% |
| Suppliers440/4 | €83,647 | €46,593 | €11,952 | €755 | €593 | ▼ 21.5% |
| Advances received on contracts in progress46 | €45,970 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €13,287 | €14,870 | €2,595 | €488 | €250 | ▼ 48.7% |
| Taxes450/3 | €1,636 | €12,615 | €2,595 | €488 | €50 | ▼ 89.7% |
| Remuneration and social security454/9 | €11,651 | €2,254 | €0 | - | €200 | - |
| Other amounts payable47/48 | €36,371 | €111,807 | €135,260 | €173,380 | €155,909 | ▼ 10.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,002 | -€101,305 | -€40,803 | -€48,773 | -€13,362 | ▲ 72.6% |
| + Depreciation and write-downs630 | €18,142 | €9,791 | €7,026 | €2,802 | €1,897 | ▼ 32.3% |
| Operating cash flow (approximation) | €3,140 | -€91,514 | -€33,777 | -€45,972 | -€11,465 | ▲ 75.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €2,651 | €0 | ▼ 100% |
| Change in cash | - | -€2,423 | -€641 | €48 | €44 | ▼ 8.2% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€101,305
Net result drops to -€101,305, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €14,412
Net result €14,412 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Haaltert · 1 establishment unit since 2000
Ground area
1,792 m²
Building footprint
319 m²
Volume, LiDAR
1,591 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ekentstraat(HA) 102, 9450 Haaltert
since 20002.099.548.667
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41010B0476/00H000 | Flanders | 1,167 m² | 1 · 167 m² | 8.1 m · 2 fl. |
| 41024A1258/02E000 | Flanders | 625 m² | 1 · 152 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,082 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
Founded22-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471145826
Also
9925:BE0471145826
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.