Turnover
The micro format states no turnover.
The micro format states no turnover.
Of this, €55,028 falls due within a year.
Green is investment, beige is depreciation.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 84% of companies in land transport. Sector median €5,865 · 6,579 companies.
The dashed line is the sector median: 1.5% across 13,462 companies (NACE 41, micro).
About 1 in 10 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 18% of them on solvency, 41% on liquidity, 35% on profitability and 15% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 849 companies had the same profile as VIK CONSTRUCT has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VIK CONSTRUCT itself is higher: 10.1% within 12 months. It rests on far more data about VIK 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 849 companies, not a prediction for VIK 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 tight, with a current ratio of 1.48 (1.0 in 2023), below the usual 1.5. Short-term debt is 26.4% and cash 2.9% of total assets. 91.1% 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 15 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| VIK CONSTRUCT Grimbergen | €208,750 | €23,192 | 8.9% | - |
| B&H 47 FOOD Charleroi | €215,331 | €22,276 | 8.2% | - |
| TB LINE Lille | €199,897 | €26,336 | 12.7% | - |
| TRANSPORT DESMET Houthulst | €173,844 | €22,518 | 10.5% | - |
| SPIRALBEL Brussels | €166,958 | €20,406 | 14.8% | - |
| ADS SOLUTIONS Grimbergen | €183,995 | €42,854 | 39.3% | - |
| DAKINO Machelen (Brab.) | €199,094 | €32,387 | 65.6% | - |
These companies have the same main activity as VIK CONSTRUCT: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €167,000 and €215,000, founded between 2020 and 2022.
VIK CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €12,887 in 2021 to €23,192 in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 6 November 2026.
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 ≈ €200,000. Estimated: probably between €95,000 and €320,000.
Amounts without an identifiable currency are taken as euros.
Higher than 21% of 6,612 companies in 2024.
Higher than 56% of 6,329 companies in 2024.
Higher than 23% of 6,390 companies in 2024.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
Total assets20/58 |
208,750 | 115,839 | 108,899 | 36,363 | |
Fixed assets21/28 |
127,300 | 65,255 | 74,500 | 641 | |
Tangible fixed assets22/27 |
118,300 | 65,255 | 74,500 | 641 | |
Land and buildings22 |
- | - | - | 641 | |
Furniture and vehicles24 |
118,300 | 65,255 | 74,500 | - | |
Financial fixed assets28 |
9,000 | - | - | - | |
Current assets29/58 |
81,450 | 50,585 | 34,399 | 35,722 | |
Amounts receivable after more than one year29 |
4,935 | - | - | - | |
Other amounts receivable291 |
4,935 | - | - | - | |
Amounts receivable within one year40/41 |
69,419 | 44,614 | 34,320 | 29,070 | |
Trade receivables40 |
- | 2,511 | 17,833 | 24,005 | |
Other amounts receivable41 |
69,419 | 42,103 | 16,487 | 5,065 | |
Cash at bank and in hand54/58 |
6,018 | 5,737 | 79 | 52 | |
Deferred charges and accrued income490/1 |
1,078 | 234 | - | 6,600 | |
| Balance sheet: equity and liabilities | |||||
Total equity and liabilities10/49 |
208,750 | 115,839 | 108,899 | 36,363 | |
Equity10/15 |
18,652 | 27,015 | 16,827 | 16,311 | |
Contributions10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
Profit (loss) carried forward14 |
13,652 | 22,015 | 11,827 | 11,311 | |
Amounts payable17/49 |
190,098 | 88,825 | 92,072 | 20,052 | |
Amounts payable after more than one year17 |
135,070 | 38,067 | 45,567 | - | |
Financial debts170/4 |
135,070 | 38,067 | 45,567 | - | |
Amounts payable within one year42/48 |
55,028 | 50,758 | 46,505 | 20,052 | |
Current portion of amounts payable after more than one year42 |
- | 7,233 | 22,095 | - | |
Financial debts43 |
2,069 | - | - | - | |
Other loans439 |
2,069 | - | - | - | |
Trade debts44 |
33,265 | 32,799 | 24,410 | 20,052 | |
Suppliers440/4 |
33,265 | 32,799 | 24,410 | 4,004 | |
Bills of exchange payable441 |
- | - | - | 16,048 | |
Taxes, remuneration and social security45 |
19,695 | 10,726 | - | - | |
Taxes450/3 |
11,204 | 10,726 | - | - | |
Remuneration and social security454/9 |
8,490 | - | - | - | |
| Income statement | |||||
Gross operating margin9900 |
23,192 | 29,869 | 5,124 | 12,887 | |
Remuneration, social security and pensions62 |
66 | 720 | - | 606 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
25,729 | 12,452 | 641 | 641 | |
Other operating charges640/8 |
5,248 | 3,299 | 996 | 292 | |
Operating profit (loss)9901 |
-7,852 | 13,398 | 3,488 | 11,347 | |
Financial income75/76B |
- | 0 | - | - | |
Recurring financial income75 |
- | 0 | - | - | |
Financial charges65/66B |
511 | 3,211 | 2,971 | 36 | |
Recurring financial charges65 |
511 | 3,211 | 2,971 | 36 | |
Profit (loss) for the period before taxes9903 |
-8,363 | 10,187 | 516 | 11,311 | |
Profit (loss) for the period9904 |
-8,363 | 10,187 | 516 | 11,311 | |
Profit (loss) for the period to be appropriated9905 |
-8,363 | 10,187 | 516 | 11,311 | |
| Appropriation of the result | |||||
Profit (loss) to be appropriated9906 |
13,652 | 22,015 | 11,827 | 11,311 | |
Profit (loss) brought forward from the previous period14P |
22,015 | 11,827 | 11,311 | - | |
| Document | |||||
The notes to these accounts have 9 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 2024 (PDF), filed on 30-08-2025.
| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| EBITDA | 17,877 | 25,850 | 4,128 | 11,988 | |
| Cash flow | 17,366 | 22,639 | 1,157 | 11,952 | |
| Investment in fixed assets | 87,774 | 3,206 | 74,500 | 1,281 | |
| Change in cash | 281 | 5,658 | 27 | - | |
| Working capital | 26,422 | -174 | -12,106 | 15,670 | |
| Solvency | 8.9% | 23.3% | 15.5% | 44.9% | |
| Current ratio | 1.48 | 1.00 | 0.74 | 1.78 | |
| Debt to equity | 10.19 | 3.29 | 5.47 | 1.23 | |
| ROE | -44.8% | 37.7% | 3.1% | 69.3% | |
| ROA | -4.0% | 8.8% | 0.5% | 31.1% | |
| Interest coverage | 35.01 | 8.05 | 1.39 | over 100 |
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 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €78,774 | €3,206 | €74,500 | €1,281 |
| Financial fixed assets | €9,000 | - | - | - |
| Depreciation and write-downs of the year | €25,729 | €12,452 | €641 | €641 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €7,852, after a profit of €13,398 in 2023. It is the lowest result since 2021.
Debt's share of the balance-sheet total rises from 76.7% to 91.1%. Equity is lower and debt is higher.
VIK CONSTRUCT has no parent and no holdings in its annual accounts. Stavarachi Vitalie is the only director.
| KFF CONSTRUCT
registered office since 05-06-2024 · founded in 2024 |
turnover €3.1m (2025) 1010.085.744 |
| DDP TRANSPORTATION
registered office since 28-03-2024 · founded in 2024 · accounts filed late |
turnover €715,335 (2025) 1007.679.550 |
| FiscaTech
establishment since 01-10-2023 · founded in 2023 |
total assets €332,521 (2025) 0799.316.127 |
| Chape Beton
registered office since 05-06-2018 · founded in 2018 |
total assets €294,828 (2025) 0697.656.563 |
| MESTAN BATI
registered office since 15-01-2014 · founded in 2014 |
turnover €258,182 (2025) 0544.421.705 |
| AMD GROUP
registered office since 23-02-2024 · founded in 2024 · accounts filed late |
turnover €250,662 (2024) 1006.355.006 |
| TEODOR CONSTRUCT
registered office since 17-01-2023 · founded in 2023 · accounts filed late |
total assets €225,302 (2024) 0797.296.250 |
| SoluReno
registered office since 03-11-2023 · founded in 2023 |
total assets €199,618 (2025) 1001.916.364 |
| Just Glow
registered office since 07-04-2021 · founded in 2021 · accounts filed late |
total assets €192,616 (2024) 0766.435.503 |
| ADS SOLUTIONS
registered office since 25-11-2021 · founded in 2021 · accounts filed late |
total assets €183,995 (2025) 0777.728.776 |
| IVC COMPANY via BIRCA Vadim, at VIK CONSTRUCT until 2025 · Director · deed of 17-02-2025 |
founded in 2025 |
The network starts from the earlier ties.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
VIK CONSTRUCT was incorporated on 8 June 2021 as a private limited company.1 The registered office moved to Ternat in 2022 and to Grimbergen in 2023.23 Stavarachi Vitalie is director of the company, appointed by deed of 23-10-2025.4 Total assets rose from €36,363 in 2021 to €208,750 in 2024.5 On 3 June 2025 the company was declared bankrupt.6
| Establishment | Since | Unit number |
|---|---|---|
| Mutsaardplein 2 registered office 1853 Grimbergen | ||
| Koningin Astridplein 16 1090 Jette | 08-06-2021 | 2.335.671.215 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 |
| 21464E0001/00C018 | Brussels | 227 m² | 1 · 98 m² | 15.4 m · 5 |
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