VL CONSTRUCT
Bankruptcy closedInactive since 27-05-2026; last annual accounts for fiscal year 2020.
Summary
VL CONSTRUCT was declared bankrupt on 17-10-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 26-05-2026, published in the Belgian State Gazette on 02-06-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 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
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 31 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 (1)
History
Go further with this company
Still owed money by this company? This is how you file your claim.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox or domiciliation address?Address check Are there other customers at risk in your own list?Debtor check How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Turnover
€197,011▼ 14.6%
2019 · €230,598
EBIT margin
-1.6%▲ 27.1pp
2019 · -28.7%
Net result
-€9,525▲ 87.3%
2019 · -€75,056
Working capital
-€67,446▼ 7.2%
2019 · -€62,914
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
Line201820192020
Turnover€407,095-€230,598▼ 43.4%€197,011▼ 14.6%
Operating result€46,357--€66,224-€3,246▲ 95.1%
Net result€30,253--€75,056-€9,525▲ 87.3%
EBIT margin11.4%--28.7%▼ 40.1pp-1.6%▲ 27.1pp
Equity€25,308--€49,748-€59,273▼ 19.1%
Total assets€138,042-€89,360▼ 35.3%€46,224▼ 48.3%
Debt€112,735-€139,108▲ 23.4%€105,498▼ 24.2%
Working capital€47,195--€62,914-€67,446▼ 7.2%
Staff (FTE)2.2-2.4▲ 9.1%1.3▼ 45.8%
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 €3,246 in 2020 against €66,224 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €46,224
Fixed assets
€8,173 ▼ 37.9%
Current assets
€38,051 ▼ 50.1%
Key figures and ratios
EBITDA
€1,747▲
2019 · -€59,926
Cash flow
-€4,532▲
2019 · -€68,758
Solvency
-128.2%▼
2019 · -55.7%
Current ratio
0.36▼
2019 · 0.55
ROA
-20.6%▲
2019 · -84.0%
Debt ≤ 1 year
€105,498▼
2019 · €139,108
Income taxes
€752▲
2019 · €448
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €407,095 | €230,598 | €197,011 | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €390 | €6,298 | €4,993 | ▼ 20.7% |
| Gross operating margin9900 | €126,062 | €4,271 | €17,917 | ▲ 319% |
| Operating profit (loss)9901 | €46,357 | -€66,224 | -€3,246 | ▲ 95.1% |
| Recurring financial income75 | €5 | €55 | €0 | ▼ 99.8% |
| Recurring financial charges65 | €2,860 | €8,439 | €5,527 | ▼ 34.5% |
| Profit (loss) for the period before taxes9903 | €43,502 | -€74,608 | -€8,773 | ▲ 88.2% |
| Income taxes67/77 | €13,250 | €448 | €752 | ▲ 68.0% |
| Profit (loss) for the period9904 | €30,253 | -€75,056 | -€9,525 | ▲ 87.3% |
| Profit (loss) for the period to be appropriated9905 | €30,253 | -€75,056 | -€9,525 | ▲ 87.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €138,042 | €89,360 | €46,224 | ▼ 48.3% |
| Fixed assets21/28 | €2,612 | €13,166 | €8,173 | ▼ 37.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €390 | €10,944 | €5,951 | ▼ 45.6% |
| Financial fixed assets28 | €2,222 | €2,222 | €2,222 | = |
| Current assets29/58 | €135,430 | €76,194 | €38,051 | ▼ 50.1% |
| Stocks and contracts in progress3 | €1,000 | €1,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €122,895 | €68,973 | €26,317 | ▼ 61.8% |
| Cash at bank and in hand54/58 | €11,535 | €6,221 | €11,735 | ▲ 88.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €138,042 | €89,360 | €46,224 | ▼ 48.3% |
| Equity10/15 | €25,308 | -€49,748 | -€59,273 | ▼ 19.1% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €17,248 | -€57,808 | -€67,333 | ▼ 16.5% |
| Amounts payable17/49 | €112,735 | €139,108 | €105,498 | ▼ 24.2% |
| Amounts payable within one year42/48 | €88,235 | €139,108 | €105,498 | ▼ 24.2% |
| Trade debts44 | €60,335 | €102,921 | €88,296 | ▼ 14.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,253 | -€75,056 | -€9,525 | ▲ 87.3% |
| + Depreciation and write-downs630 | €390 | €6,298 | €4,993 | ▼ 20.7% |
| Operating cash flow (approximation) | €30,643 | -€68,758 | -€4,532 | ▲ 93.4% |
| Investment in fixed assets (approximation) | - | -€16,852 | €0 | ▲ 100% |
| Change in cash | - | -€5,314 | €5,513 | ▲ 204% |
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
2026
02-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 26-05-2026
2022
21-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 17-10-2022
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€75,056
Net result drops to -€75,056, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
2015
03-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
10-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
09-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 9 days late
2012
23-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Chaudfontaine
Ground area
1,593 m²
Building footprint
176 m²
Parcel 62012A0172/00Y005, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0172/00Y005 | Wallonia | 1,593 m² | 1 · 176 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES BISINELLA RUE MATTEOTTI 34, 4102 OUGREE- |
17-10-2022 → 26-05-2026 |
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 2,262 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.