Vlaamse Bagger Maatschappij
ActiveSummary
Vlaamse Bagger Maatschappij has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79.9m and a net result of -€29.5m. Equity has been growing by about 4.1% per year since 2018. Its solvency ranks better than 67% of 378 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 29-10-1993 Normal situation
- Registered office
- 106 active companies are registered at this address 9 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Civil engineering NACE 42919and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.064.525.135 9308 Aalst, since 06-12-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 13-06-2025
Board and ownership
- Jan De NulChair · permanent representative J.P.J.De Nul
- JDNManaging director · permanent representative Julie De Nul
- JKN ConsultDirector · permanent representative Jan Neckebroeck
- Auditor
- BDO Bedrijfsrevisoren bv
- SOFIDRA S.A. (JAN DE NUL GROUP)consolidatesannual accounts 2025
- Holdings
- Shares in 3 companies including ARENAS ARGENTINAS DEL PARANA SA and D & R JDN Nigeria
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Turnover
- €94.7m
- ▼ 28.2%
- Loss
- €29.5m
- Equity
- €79.9m
- ▼ 27.0%
- Total assets
- €150.0m
- ▼ 17.9%
Score breakdownraises riskLoss of €29.5m (financial year 2025)Liquidity: current ratio 1.46, cash €4.8mSector: Civil engineering (NACE 42)lowers riskSize: turnover €94.7m, total assets €150.0mShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 42, large). It does better than 91% of them on solvency, 53% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: From profit to loss in 2025after a profit of €21.0m in 2024 -€29.5m View
- Caution: Lower net result than 95% of companies in civil engineeringsector median €228,609 · 378 companies -€29.5m View
- Board changedlatest change 02-03-2026 · 4 in office 1 joined · 2 left View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed Reappointments: Jan De Nul NV, JDN BV and 2 othersPermanent representatives: J.P.J.De Nul, Julie De Nul and Jan Neckebroeck · Appointments: Jan De Nul NV (chair of the board) and JDN BV (managing director)
- · Gazette deed Resignation: Julie De Nul (director)Appointment: JDN (director) · Permanent representatives: Julie De Nul and Ir. J.P.J. De Nul
- · Gazette deed Resignation: DDN BV (director)Permanent representative: Dirk De Nul
Comparable companies
These companies have the same main activity as Vlaamse Bagger Maatschappij: civil engineering (NACE 42919). They are comparable in size and age: total assets between €16m and €135m, founded between 1941 and 1992.
| Company | Total assets | Turnover |
|---|---|---|
| Vlaamse Bagger Maatschappij Aalst | €150.0m | €94.7m |
| Envisan Aalst | €135.4m | €108.5m |
| HERBOSCH - KIERE Beveren-Kruibeke-Zwijndrecht | €111.7m | €117.7m |
| HYE N.V. Beveren-Kruibeke-Zwijndrecht | €38.9m | €40.9m |
| DE BRANDT Dendermonde | €31.1m | €26.2m |
| Artes Depret Brugge | €118.8m | €131.6m |
| AANNEMINGEN M. EN J. BRAET Nieuwpoort | €16.5m | €19.4m |
Key facts about Vlaamse Bagger Maatschappij
- What is the company number of Vlaamse Bagger Maatschappij?
- The company number of Vlaamse Bagger Maatschappij is 0451.192.431. The VAT number is the same number with BE in front: BE 0451.192.431.
- Where is Vlaamse Bagger Maatschappij based?
- The registered office is at Tragel 60, 9308 Aalst.Company details
- What does Vlaamse Bagger Maatschappij do?
- According to the KBO register, the main activity is civil engineering (NACE 42919).
- What is the legal form of Vlaamse Bagger Maatschappij?
- The legal form of Vlaamse Bagger Maatschappij is Public limited company (NV).
- When was Vlaamse Bagger Maatschappij founded?
- Vlaamse Bagger Maatschappij was founded on 29-10-1993.
- Is Vlaamse Bagger Maatschappij still active?
- Yes, Vlaamse Bagger Maatschappij is an active enterprise in the KBO register.
- How many employees does Vlaamse Bagger Maatschappij have?
- Vlaamse Bagger Maatschappij had an average of 0.7 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Vlaamse Bagger Maatschappij fall under?
- In its 2025 annual accounts, Vlaamse Bagger Maatschappij states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of Vlaamse Bagger Maatschappij?
- The turnover of Vlaamse Bagger Maatschappij was €94.7m in financial year 2025, according to the filed annual accounts.
- Is Vlaamse Bagger Maatschappij profitable?
- In financial year 2025, Vlaamse Bagger Maatschappij made a loss of €29.5m.
- Where can I find the annual accounts of Vlaamse Bagger Maatschappij?
- Vlaamse Bagger Maatschappij filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vlaamse Bagger Maatschappij due?
- Vlaamse Bagger Maatschappij must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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