VIVA & M CONSTRUCT
InactiveVIVA & M CONSTRUCT was declared bankrupt on 18-02-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 09-12-2025, published in the Belgian State Gazette on 16-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-07-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-07-2024 close28-02-2025 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-07-2023 was due by 29-02-2024 and was filed on 12-03-2025, 377 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
377 d late
2022
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 188 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Turnover
€154,333
EBIT margin
43.4%
Net result
€52,087▼ 2.5%
2022 · €53,415
Working capital
€105,711▲ 92.5%
2022 · €54,915
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
Line20222023
Turnover€154,333-
Operating result€66,933-€65,596▼ 2.0%
Net result€53,415-€52,087▼ 2.5%
EBIT margin43.4%-
Equity€54,915-€107,002▲ 94.8%
Total assets€92,691-€167,059▲ 80.2%
Debt€37,776-€60,057▲ 59.0%
Working capital€54,915-€105,711▲ 92.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 2% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €167,059
Fixed assets
€1,291
Current assets
€165,768
Equity and liabilities €167,059
Equity
€107,002 ▲ 94.8%
Debt
€60,057 ▲ 59.0%
Debt's share of the balance-sheet total falls from 40.8% to 35.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€65,652
Cash flow
€52,143
Current ratio
2.76▲
2022 · 2.45
Debt to equity
0.56▼
2022 · 0.69
ROE
48.7%▼
2022 · 97.3%
ROA
31.2%▼
2022 · 57.6%
Interest coverage
189.64
Debt ≤ 1 year
€60,057▲
2022 · €37,776
Income taxes
€13,163▼
2022 · €13,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €154,333 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €87,262 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €56 | - |
| Other operating charges640/8 | €138 | €405 | ▲ 193% |
| Gross operating margin9900 | €67,071 | €66,057 | ▼ 1.5% |
| Operating profit (loss)9901 | €66,933 | €65,596 | ▼ 2.0% |
| Financial charges65/66B | €130 | €346 | ▲ 167% |
| Recurring financial charges65 | €130 | €346 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | €66,803 | €65,250 | ▼ 2.3% |
| Income taxes67/77 | €13,388 | €13,163 | ▼ 1.7% |
| Profit (loss) for the period9904 | €53,415 | €52,087 | ▼ 2.5% |
| Profit (loss) for the period to be appropriated9905 | €53,415 | €52,087 | ▼ 2.5% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €92,691 | €167,059 | ▲ 80.2% |
| Fixed assets21/28 | - | €1,291 | - |
| Tangible fixed assets22/27 | - | €1,291 | - |
| Furniture and vehicles24 | - | €1,291 | - |
| Current assets29/58 | €92,691 | €165,768 | ▲ 78.8% |
| Amounts receivable within one year40/41 | €87,916 | €165,764 | ▲ 88.5% |
| Trade receivables40 | €29,169 | €34,266 | ▲ 17.5% |
| Other amounts receivable41 | €58,747 | €131,498 | ▲ 124% |
| Cash at bank and in hand54/58 | €4,776 | €4 | ▼ 99.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €92,691 | €167,059 | ▲ 80.2% |
| Equity10/15 | €54,915 | €107,002 | ▲ 94.8% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Outside capital11 | €1,500 | €1,500 | = |
| Share premium1100/10 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €53,415 | €105,502 | ▲ 97.5% |
| Amounts payable17/49 | €37,776 | €60,057 | ▲ 59.0% |
| Amounts payable within one year42/48 | €37,776 | €60,057 | ▲ 59.0% |
| Trade debts44 | €24,388 | €33,496 | ▲ 37.3% |
| Suppliers440/4 | - | €7,134 | - |
| Bills of exchange payable441 | €24,388 | €26,362 | ▲ 8.1% |
| Taxes, remuneration and social security45 | €13,388 | €26,561 | ▲ 98.4% |
| Taxes450/3 | €13,388 | €26,561 | ▲ 98.4% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €53,415 | €52,087 | ▼ 2.5% |
| + Depreciation and write-downs630 | - | €56 | - |
| Operating cash flow (approximation) | €53,415 | €52,143 | ▼ 2.4% |
| Change in cash | - | -€4,772 | - |
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
2025
16-12
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 09-12-2025
13-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 18-02-2025
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 377 days late
2023
31-07
Financial
Equity above €100,000Eq €107,002 ▲94.8%
2 profitable years in a row build equity to €107,002.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WIM HEETHEM WATERLOOSESTEENWEG 412/F,
1050 BRUSSEL 5 |
18-02-2025 → 09-12-2025 |