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VLADA CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeBergensesteenweg 24, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0797.039.496
Summary

The computed 12-month bankruptcy probability of VLADA CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €24,863 and a net result of €4,514. Its solvency ranks better than 23% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability74▼-26
Solvency46▼-6
Growth52
Track record94
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 1.14 in 2023; short-term debt: 43.4% and cash: 0.3% of total assets), but 78.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
21.5%
Return on assets
3.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36380 sector peers (2024).
NBB · sector comparison
Position among 36380 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
36 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 January 2023, VLADA CONSTRUCT was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€24,863▲ 22.2%
2023 · €20,349
Total assets
€115,875▲ 51.4%
2023 · €76,553
Net result
€4,514▼ 77.3%
2023 · €19,849
Working capital
€64,432▲ 693%
2023 · €8,121
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€26,202-€4,540▼ 82.7%
Net result€19,849within the sector's middle half-€4,514within the sector's middle half▼ 77.3%
Equity€20,349below the sector's middle half-€24,863within the sector's middle half▲ 22.2%
Total assets€76,553below the sector's middle half-€115,875within the sector's middle half▲ 51.4%
Debt€56,204-€91,012▲ 61.9%
Working capital€8,121-€64,432▲ 693%
Solvency26.6%within the sector's middle half-21.5%below the sector's middle half▼ 5.1pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2023: €26,202€26,202Net result 2023: €19,849€19,849Operating result 2024: €4,540€4,540Net result 2024: €4,514€4,51420232024€0€10,000€20,000€30,000Operating result 2023: €26,202€26,200Net result 2023: €19,849€19,800Operating result 2024: €4,540€4,540Net result 2024: €4,514€4,51020232024
The operating result falls in 2024; 2024 is 83% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115,875
Fixed assets €1,190 ▼ 90.3%
Current assets €114,685 ▲ 78.3%
Equity and liabilities €115,875
Equity €24,863 ▲ 22.2%
Debt €91,012 ▲ 61.9%
Debt's share of the balance-sheet total rises from 73.4% to 78.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€6,804▼
2023 · €26,330
Cash flow
€6,779▼
2023 · €19,977
Current ratio
2.28▲
2023 · 1.14
Debt to equity
3.66▲
2023 · 2.76
ROE
18.2%▼
2023 · 97.5%
ROA
3.9%▼
2023 · 25.9%
Interest coverage
24.37▲
2023 · 12.47
Debt ≤ 1 year
€50,252▼
2023 · €56,204
Debt > 1 year
€40,759
Income taxes
€1,141▼
2023 · €4,638
Staff costs
€39,324▲
2023 · €25,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.3% went bankrupt
1.1% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,541 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€76,553€115,875▲
Fixed assets21/28€12,228€1,190▼
Tangible fixed assets22/27€12,228€1,190▼
Plant, machinery and equipment23-€897
Furniture and vehicles24€12,228€293▼
Current assets29/58€64,326€114,685▲
Amounts receivable within one year40/41€55,900€113,829▲
Trade receivables40€54,127€54,861▲
Other amounts receivable41€1,773€58,969▲
Cash at bank and in hand54/58€7,885€303▼
Deferred charges and accrued income490/1€540€553▲
Equity and liabilities
Total equity and liabilities10/49€76,553€115,875▲
Equity10/15€20,349€24,863▲
Contributions10/11€500€500=
Capital10€500-
Issued capital100€500-
Outside capital11-€500
Other1109/19-€500
Profit (loss) carried forward14€19,849€24,363▲
Amounts payable17/49€56,204€91,012▲
Amounts payable after more than one year17-€40,759
Financial debts170/4-€40,759
Amounts payable within one year42/48€56,204€50,252▼
Current portion of amounts payable after more than one year42-€9,241
Trade debts44€39,137€11,022▼
Suppliers440/4€39,137€11,022▼
Taxes, remuneration and social security45€16,730€29,990▲
Taxes450/3€5,232€10,239▲
Remuneration and social security454/9€11,498€19,750▲
Other amounts payable47/48€338-
Income statement Code20232024
Remuneration, social security and pensions62€25,713€39,324▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128€2,265▲
Other operating charges640/8-€4,885
Gross operating margin9900€52,043€51,013▼
Operating profit (loss)9901€26,202€4,540▼
Financial income75/76B€397€1,395▲
Recurring financial income75€397€1,395▲
Financial charges65/66B€2,112€279▼
Recurring financial charges65€2,112€279▼
Profit (loss) for the period before taxes9903€24,487€5,655▼
Income taxes67/77€4,638€1,141▼
Profit (loss) for the period9904€19,849€4,514▼
Profit (loss) for the period to be appropriated9905€19,849€4,514▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,849€24,363▲
Profit (loss) brought forward from the previous period14P-€19,849

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€25,713€39,324▲ 52.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128€2,265▲ 1,671%
Other operating charges640/8-€4,885-
Gross operating margin9900€52,043€51,013▼ 2.0%
Operating profit (loss)9901€26,202€4,540▼ 82.7%
Financial income75/76B€397€1,395▲ 252%
Recurring financial income75€397€1,395▲ 252%
Financial charges65/66B€2,112€279▼ 86.8%
Recurring financial charges65€2,112€279▼ 86.8%
Profit (loss) for the period before taxes9903€24,487€5,655▼ 76.9%
Income taxes67/77€4,638€1,141▼ 75.4%
Profit (loss) for the period9904€19,849€4,514▼ 77.3%
Profit (loss) for the period to be appropriated9905€19,849€4,514▼ 77.3%
Line20232024Change
Assets
Total assets20/58€76,553€115,875▲ 51.4%
Fixed assets21/28€12,228€1,190▼ 90.3%
Tangible fixed assets22/27€12,228€1,190▼ 90.3%
Plant, machinery and equipment23-€897-
Furniture and vehicles24€12,228€293▼ 97.6%
Current assets29/58€64,326€114,685▲ 78.3%
Amounts receivable within one year40/41€55,900€113,829▲ 104%
Trade receivables40€54,127€54,861▲ 1.4%
Other amounts receivable41€1,773€58,969▲ 3,226%
Cash at bank and in hand54/58€7,885€303▼ 96.2%
Deferred charges and accrued income490/1€540€553▲ 2.3%
Equity and liabilities
Total equity and liabilities10/49€76,553€115,875▲ 51.4%
Equity10/15€20,349€24,863▲ 22.2%
Contributions10/11€500€500=
Capital10€500--
Issued capital100€500--
Outside capital11-€500-
Other1109/19-€500-
Profit (loss) carried forward14€19,849€24,363▲ 22.7%
Amounts payable17/49€56,204€91,012▲ 61.9%
Amounts payable after more than one year17-€40,759-
Financial debts170/4-€40,759-
Amounts payable within one year42/48€56,204€50,252▼ 10.6%
Current portion of amounts payable after more than one year42-€9,241-
Trade debts44€39,137€11,022▼ 71.8%
Suppliers440/4€39,137€11,022▼ 71.8%
Taxes, remuneration and social security45€16,730€29,990▲ 79.3%
Taxes450/3€5,232€10,239▲ 95.7%
Remuneration and social security454/9€11,498€19,750▲ 71.8%
Other amounts payable47/48€338--
Line20232024Change
Profit (loss) for the period9904€19,849€4,514▼ 77.3%
+ Depreciation and write-downs630€128€2,265▲ 1,671%
Operating cash flow (approximation)€19,977€6,779▼ 66.1%
Investment in fixed assets (approximation)-€8,772-
Change in cash--€7,583-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
19-12
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
25-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,739 m²
Building footprint
480 m²
Volume, LiDAR
4,278 m³
2 parcels, Brussels, Flanders · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
512 companies at this address See who is registered here
1 establishment unit
VLADA CONSTRUCT
Generaal Capiaumontstraat 97, 1040 EtterbeekGeneral construction of buildings
since 20232.340.354.731
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23077A0118/00W082 Flanders 1,638 m² 1 · 398 m² 9.5 m · 3 fl.
21363B0407/00C002 Brussels 101 m² 1 · 82 m² 18.5 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 751 companies in sector 43422 we hold annual accounts for 424. 311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
Contact
E-mail mihaisoltan@icloud.com
Phone +32465525270
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797039496
Also 9925:BE0797039496
Registered 12-06-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.