Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The accounts state no turnover.
Debts rose by €51,441 in 2025.
Green is investment, beige is depreciation.
Ten of the last ten came late. The 2019 accounts came latest: 53 days after the end of the period.
Lower net result than 82% of companies in specialised construction. Sector median €26,691 · 9,959 companies.
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 9 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 43, micro). It does better than 41% of them on solvency, 32% on liquidity, 33% on profitability and 29% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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, 6,908 companies had the same profile as VIOCONSTRUCT has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VIOCONSTRUCT itself: 0.9% within 12 months.
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 6,908 companies, not a prediction for VIOCONSTRUCT. 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 1.41 (1.53 in 2024), below the usual 1.5. Short-term debt is 43.5% and cash 10.6% of total assets. 61.5% 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 34 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VIOCONSTRUCT Forest | €228,122 | €44,483 | 38.5% | - |
| RF Construct Herk-de-Stad | €230,633 | €39,465 | 84.6% | - |
| Iberico-Façade Erpe-Mere | €239,551 | €38,757 | 73.4% | - |
| SIRAUX GREGORY Le Roeulx | €224,284 | €45,409 | 50.8% | - |
| GODERIS JOHAN Nieuwpoort | €228,043 | €50,160 | 78.8% | - |
| GEO VANDAELE Wevelgem | €184,377 | €49,199 | 76.3% | 0.7 |
| MARECHAL F. & FILS Flémalle | €259,427 | €35,316 | 3.4% | - |
These companies have the same main activity as VIOCONSTRUCT: site preparation (NACE 43120). They are comparable in size and age: total assets between €184,000 and €259,000, founded between 2011 and 2015.
VIOCONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €4,009 in 2014 to €44,483 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €170,000 and €530,000.
Higher than 43% of 9,967 companies in 2025.
Higher than 38% of 9,830 companies in 2025.
Higher than 16% of 9,899 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
228,122 | 180,767 | 254,785 | 260,317 | 261,097 | 144,581 | 120,486 | 24,805 | 27,753 | 41,011 | 30,356 | 41,662 | |
21/28 |
87,633 | 76,173 | 101,850 | 78,663 | 54,631 | 32,411 | 35,684 | 7,668 | 15,612 | 26,593 | 18,432 | 20,983 | |
22/27 |
87,633 | 76,173 | 101,850 | 78,663 | 54,631 | 32,411 | 35,684 | 7,668 | 15,612 | 26,593 | 18,432 | 20,983 | |
23 |
11,163 | 12,647 | 12,017 | 7,789 | 7,862 | 3,684 | 2,834 | 2,343 | 3,506 | 4,341 | 3,189 | 2,060 | |
24 |
76,470 | 63,526 | 89,833 | 70,874 | 46,769 | 28,727 | 32,850 | 5,325 | 12,106 | 22,252 | 15,243 | 18,923 | |
29/58 |
140,489 | 104,594 | 152,935 | 181,654 | 206,466 | 112,170 | 84,802 | 17,137 | 12,141 | 14,418 | 11,924 | 20,679 | |
40/41 |
113,591 | 102,195 | 149,555 | 168,448 | 194,256 | 111,783 | 84,790 | 17,124 | 10,410 | 9,899 | 10,762 | 7,145 | |
40 |
99,944 | 88,916 | 136,647 | 159,053 | 179,119 | 107,251 | 79,914 | 13,688 | 5,300 | 6,403 | 8,390 | 2,400 | |
41 |
13,647 | 13,279 | 12,908 | 9,395 | 15,137 | 4,532 | 4,876 | 3,436 | 5,110 | 3,496 | 2,372 | 4,745 | |
54/58 |
24,224 | - | 1,021 | 10,715 | 10,102 | - | - | - | - | 3,840 | 1,162 | 13,534 | |
490/1 |
2,674 | 2,399 | 2,359 | 2,491 | 2,108 | 387 | 12 | 13 | 1,731 | 679 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
228,122 | 180,767 | 254,785 | 260,317 | 261,097 | 144,581 | 120,486 | 24,805 | 27,753 | 41,011 | 30,356 | 41,662 | |
10/15 |
87,782 | 91,868 | 136,248 | 116,643 | 102,306 | 53,047 | 28,704 | 11,974 | 18,773 | 26,206 | 12,877 | 7,016 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | 6,200 | 6,200 | - | - | - | - | - | - | - | |
100 |
- | - | - | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | |
101 |
- | - | - | 17,800 | 17,800 | 17,800 | 17,800 | 17,800 | 17,800 | 17,800 | 17,800 | 17,800 | |
13 |
2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 868 | 82 | |
130/1 |
- | - | - | 2,400 | 2,400 | 2,400 | - | - | - | - | - | - | |
130 |
- | - | - | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 2,400 | 868 | 82 | |
133 |
2,400 | 2,400 | 2,400 | - | - | - | - | - | - | - | - | - | |
14 |
79,182 | 83,268 | 127,648 | 108,043 | 93,706 | 44,447 | 20,104 | 3,374 | 10,173 | 17,606 | 5,809 | 734 | |
17/49 |
140,340 | 88,899 | 118,537 | 143,674 | 158,791 | 91,534 | 91,782 | 12,831 | 8,980 | 14,805 | 17,479 | 34,646 | |
17 |
41,010 | 20,336 | 43,272 | 66,858 | 20,600 | 10,503 | 20,048 | - | - | - | - | 8,648 | |
170/4 |
41,010 | 20,336 | 43,272 | 66,858 | 20,600 | 10,503 | 20,048 | - | - | - | - | 8,648 | |
42/48 |
99,330 | 68,563 | 75,265 | 76,816 | 138,191 | 81,031 | 70,566 | 12,831 | 8,980 | 14,805 | 17,479 | 25,998 | |
42 |
21,150 | 22,937 | 23,586 | 23,868 | 16,422 | 9,545 | 9,404 | - | - | - | 8,648 | 8,352 | |
43 |
- | 2,444 | - | - | - | 1,841 | 9,424 | 7,138 | 4,357 | - | - | - | |
430/8 |
- | 2,444 | - | - | - | 1,841 | 9,424 | 7,138 | 4,357 | - | - | - | |
44 |
78,180 | 37,227 | 41,880 | 22,232 | 76,529 | 35,137 | 47,038 | 1 | 889 | 204 | 2,747 | 17,381 | |
440/4 |
78,180 | 37,227 | 41,880 | 22,232 | 76,529 | 35,137 | 47,038 | 1 | 889 | 204 | 2,747 | 17,381 | |
46 |
- | - | - | - | - | - | - | 3,500 | - | - | - | - | |
45 |
- | 5,955 | 5,200 | 11,000 | 27,415 | 6,300 | 1,700 | - | 3,100 | 6,115 | 1,882 | 265 | |
450/3 |
- | 5,955 | 5,200 | 7,000 | 20,845 | 6,300 | 1,700 | - | 3,100 | 6,115 | 1,882 | 265 | |
454/9 |
- | - | - | 4,000 | 6,570 | - | - | - | - | - | - | - | |
47/48 |
- | - | 4,599 | 19,716 | 17,825 | 28,208 | 3,000 | 2,192 | 634 | 8,486 | 4,202 | - | |
492/3 |
- | - | - | - | - | - | 1,168 | - | - | - | - | - | |
| Income statement | |||||||||||||
76A |
- | - | - | - | - | - | 5,287 | - | - | - | - | - | |
9900 |
44,483 | 6,496 | 81,203 | 59,910 | 95,044 | 61,037 | 37,570 | 9,294 | 5,489 | 39,636 | 18,203 | 4,009 | |
630 |
26,442 | 31,433 | 37,843 | 24,688 | 11,789 | 10,806 | 10,458 | 5,769 | 8,057 | 10,434 | 5,217 | 701 | |
631/4 |
- | - | - | - | - | 5,276 | - | - | - | 2,500 | - | - | |
640/8 |
18,445 | 16,330 | 15,230 | 14,917 | 6,534 | 8,599 | 3,918 | 5,820 | 2,091 | 2,654 | 2,289 | 2,163 | |
66A |
1,393 | - | - | 158 | 1,443 | 923 | - | 3,664 | 1,743 | - | - | - | |
9901 |
-1,797 | -41,267 | 28,130 | 20,147 | 75,278 | 35,433 | 23,194 | -5,959 | -6,402 | 24,048 | 10,697 | 1,145 | |
75/76B |
266 | 209 | 20 | 20 | - | 245 | 197 | 180 | 163 | 69 | 1 | 9 | |
75 |
266 | 209 | 20 | 20 | - | 245 | 197 | 180 | 163 | 69 | 1 | 9 | |
65/66B |
2,555 | 2,567 | 2,983 | 2,265 | 1,308 | 1,735 | 1,961 | 784 | 566 | 588 | 999 | 138 | |
65 |
2,555 | 2,567 | 2,983 | 2,265 | 1,308 | 1,735 | 1,961 | 784 | 566 | 588 | 999 | 138 | |
9903 |
-4,086 | -43,625 | 25,167 | 17,902 | 73,970 | 33,943 | 21,430 | -6,563 | -6,805 | 23,529 | 9,699 | 1,016 | |
67/77 |
- | 755 | 5,562 | 3,565 | 14,711 | 4,600 | 1,700 | 236 | 628 | 4,200 | 1,838 | 200 | |
9904 |
-4,086 | -44,380 | 19,605 | 14,337 | 59,259 | 29,343 | 19,730 | -6,799 | -7,433 | 19,329 | 7,861 | 816 | |
9905 |
-4,086 | -44,380 | 19,605 | 14,337 | 59,259 | 29,343 | 19,730 | -6,799 | -7,433 | 19,329 | 7,861 | 816 | |
| Appropriation of the result | |||||||||||||
9906 |
79,182 | 83,268 | 127,648 | 108,043 | 103,706 | 49,447 | 23,104 | 3,374 | 10,173 | 25,138 | 8,595 | 816 | |
14P |
83,268 | 127,648 | 108,043 | 93,706 | 44,447 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,532 | 786 | 82 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,532 | 786 | 82 | |
694/7 |
- | - | - | - | 10,000 | 5,000 | 3,000 | - | - | 6,000 | 2,000 | - | |
695 |
- | - | - | - | 10,000 | 5,000 | 3,000 | - | - | 6,000 | 2,000 | - | |
| Document | |||||||||||||
The notes to these accounts have 10 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00490927.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00490927 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00455594 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00445749 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00429134 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20413070 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-66100318 | |
| 31-12-2019 | full format | 22-09-2020 | 2020-54900295 | |
| 31-12-2018 | full format | 31-08-2019 | 2019-60400522 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-59900347 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-59500157 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-57000342 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56900230 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24,645 | -9,834 | 65,973 | 44,835 | 87,067 | 46,239 | 33,652 | -190 | 1,655 | 34,482 | 15,914 | 1,846 | ||
| 22,356 | -12,947 | 57,448 | 39,025 | 71,048 | 40,149 | 30,188 | -1,030 | 624 | 29,763 | 13,078 | 1,517 | ||
| 48,272 | 5,756 | 61,030 | 50,076 | 35,452 | 8,456 | 41,864 | 3,939 | 2,819 | 18,595 | 2,666 | 21,684 | ||
| - | - | -9,694 | 613 | - | - | - | - | - | 2,678 | -12,372 | - | ||
| 41,159 | 36,031 | 77,670 | 104,838 | 68,275 | 31,139 | 14,236 | 4,306 | 3,161 | -387 | -5,555 | -5,319 | ||
| 38.5% | 50.8% | 53.5% | 44.8% | 39.2% | 36.7% | 23.8% | 48.3% | 67.6% | 63.9% | 42.4% | 16.8% | ||
| 1.41 | 1.53 | 2.03 | 2.36 | 1.49 | 1.38 | 1.20 | 1.34 | 1.35 | 0.97 | 0.68 | 0.80 | ||
| 1.60 | 0.97 | 0.87 | 1.23 | 1.55 | 1.73 | 3.20 | 1.07 | 0.48 | 0.56 | 1.36 | 4.94 | ||
| -4.7% | -48.3% | 14.4% | 12.3% | 57.9% | 55.3% | 68.7% | -56.8% | -39.6% | 73.8% | 61.0% | 11.6% | ||
| -1.8% | -24.6% | 7.7% | 5.5% | 22.7% | 20.3% | 16.4% | -27.4% | -26.8% | 47.1% | 25.9% | 2.0% | ||
| 9.65 | -3.83 | 22.12 | 19.79 | 66.56 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | €48,272 | €5,756 | €61,030 | €50,076 | €35,452 |
| €26,442 | €31,433 | €37,843 | €24,688 | €11,789 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1,797, smaller than the loss of €41,267 in 2024.
Debt's share of the balance-sheet total rises from 49.2% to 61.5%. Equity is lower and debt is higher.
VIOCONSTRUCT has no parent and no holdings in its annual accounts. FILIP Viorel is the only director. VIOCONSTRUCT shares no director with another company.
| Butean, Viorel (sole trader)
establishment since 08-02-2013 |
founded in 2013 0504.843.725 |
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 |
|---|---|---|
| Vuurstraat 29 registered office 1190 Forest | ||
| Henri Jasparlaan 89 1060 Sint-Gillis (bij-Brussel) 16230 Manufacture of other builders' carpentry and joinery | 11-10-2013 | 2.223.713.716 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21013B0031/00R005 | 181 m² | 1 · 181 m² | 31.6 m · 5 |
| 21007A0071/00V005 | 103 m² | 1 · 62 m² | 15.7 m · 5 |
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 0540.755.895
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