VLB Construct
ActiveSummary
The computed 12-month bankruptcy probability of VLB Construct is 1.9% (moderate). The 2025 annual accounts show equity of €4k and a net result of €6k. Equity is shrinking by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 1909 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81=
Solvency31▼-7
Growth32=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1909 sector peers (2025).
NBB · sector comparisonPosition among 1909 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
24 d early
2023
5 d early
2022
29 d early
2021
26 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 59.3%
2024 · €10k
2021: €11k
2022: €22k▲ +91.2% vs 2021
2023: €24k▲ +11.3% vs 2022highest in 5 years
2024: €10k▼ -60.7% vs 2023
2025: €4k▼ -59.3% vs 2024lowest in 5 years
2021 → 2025
Total assets
€61k▼ 19.7%
2024 · €76k
2021: €23klowest in 5 years
2022: €37k▲ +62.4% vs 2021
2023: €81k▲ +118% vs 2022highest in 5 years
2024: €76k▼ -7.1% vs 2023
2025: €61k▼ -19.7% vs 2024
2021 → 2025
Net result
€6k▼ 20.2%
2024 · €8k
2021: €8k
2022: €10k▲ +23.9% vs 2021highest in 5 years
2023: €2k▼ -76.2% vs 2022lowest in 5 years
2024: €8k▲ +212% vs 2023
2025: €6k▼ -20.2% vs 2024
2021 → 2025
Working capital
€-18k▼ 19.6%
2024 · €-15k
2021: €3k
2022: €11k▲ +249% vs 2021highest in 5 years
2023: €2k▼ -85.8% vs 2022
2024: €-15k▼ -1024% vs 2023
2025: €-18k▼ -19.6% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€22k▲ 91.2%€24k▲ 11.3%€10k▼ 60.7%€4k▼ 59.3%
2021: €11k
2022: €22k▲ +91.2% vs 2021
2023: €24k▲ +11.3% vs 2022highest in 5 years
2024: €10k▼ -60.7% vs 2023
2025: €4k▼ -59.3% vs 2024lowest in 5 years
Operating result€10k-€13k▲ 31.6%€3k▼ 80.1%€11k▲ 327%€10k▼ 13.1%
2021: €10k
2022: €13k▲ +31.6% vs 2021highest in 5 years
2023: €3k▼ -80.1% vs 2022lowest in 5 years
2024: €11k▲ +327% vs 2023
2025: €10k▼ -13.1% vs 2024
Net result€8k-€10k▲ 23.9%€2k▼ 76.2%€8k▲ 212%€6k▼ 20.2%
2021: €8k
2022: €10k▲ +23.9% vs 2021highest in 5 years
2023: €2k▼ -76.2% vs 2022lowest in 5 years
2024: €8k▲ +212% vs 2023
2025: €6k▼ -20.2% vs 2024
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 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€44k ▼ 22.9%
Current assets
€17k ▼ 10.0%
Equity and liabilities €61k
Equity
€4k ▼ 59.3%
Debt
€57k ▼ 14.0%
Debt's share of the balance-sheet total rises from 87.5% to 93.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €27k
Cash flow
€22k▼
2024 · €24k
Current ratio
0.49▼
2024 · 0.56
Debt to equity
14.72▲
2024 · 6.97
ROE
158.4%▲
2024 · 80.8%
ROA
10.1%▼
2024 · 10.1%
Interest coverage
25.17▲
2024 · 17.52
Debt ≤ 1 year
€35k▲
2024 · €34k
Debt > 1 year
€22k▼
2024 · €32k
Income taxes
€3k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€76k€61k▼
Fixed assets21/28€57k€44k▼
Tangible fixed assets22/27€57k€44k▼
Plant, machinery and equipment23€10k€9k▼
Leasing and similar rights25€47k€35k▼
Current assets29/58€19k€17k▼
Amounts receivable within one year40/41€14k€14k▲
Trade receivables40€13k€14k▲
Other amounts receivable41€979€0▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€695€720▲
Equity and liabilities
Total equity and liabilities10/49€76k€61k▼
Equity10/15€10k€4k▼
Contributions10/11€3k€3k=
Reserves13€7k€870▼
Distributable reserves133€7k€870▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€66k€57k▼
Amounts payable after more than one year17€32k€22k▼
Financial debts170/4€32k€22k▼
Amounts payable within one year42/48€34k€35k▲
Current portion of amounts payable after more than one year42€11k€10k▼
Trade debts44€943€1k▲
Suppliers440/4€943€1k▲
Advances received on contracts in progress46€3k€0▼
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€5k€9k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€12k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€474€820▲
Gross operating margin9900€28k€26k▼
Operating profit (loss)9901€11k€10k▼
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€10k€9k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€8k€6k▼
Profit (loss) for the period to be appropriated9905€8k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€6k▼
Transfer from equity791/2€22k€12k▼
Transfer to equity691/2€8k€6k▼
To other reserves6921€8k€6k▼
Profit to be distributed694/7€22k€12k▼
Return on contributions (dividend)694€22k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €818 | €3k | €4k | €16k | €16k | ▼ 4.0% |
| Other operating charges640/8 | - | €0 | - | €474 | €820 | ▲ 72.8% |
| Gross operating margin9900 | €11k | €16k | €7k | €28k | €26k | ▼ 6.4% |
| Operating profit (loss)9901 | €10k | €13k | €3k | €11k | €10k | ▼ 13.1% |
| Financial income75/76B | - | €0 | €0 | €1 | €3 | ▲ 254% |
| Recurring financial income75 | - | €0 | €0 | €1 | €3 | ▲ 254% |
| Financial charges65/66B | - | €122 | €165 | €2k | €1k | ▼ 35.8% |
| Recurring financial charges65 | €50 | €122 | €165 | €2k | €1k | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | €10k | €13k | €2k | €10k | €9k | ▼ 9.4% |
| Income taxes67/77 | €2k | €3k | €0 | €2k | €3k | ▲ 32.6% |
| Profit (loss) for the period9904 | €8k | €10k | €2k | €8k | €6k | ▼ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €8k | €10k | €2k | €8k | €6k | ▼ 20.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23k | €37k | €81k | €76k | €61k | ▼ 19.7% |
| Fixed assets21/28 | €8k | €10k | €66k | €57k | €44k | ▼ 22.9% |
| Tangible fixed assets22/27 | €8k | €10k | €66k | €57k | €44k | ▼ 22.9% |
| Plant, machinery and equipment23 | - | €10k | €7k | €10k | €9k | ▼ 11.8% |
| Leasing and similar rights25 | - | - | €59k | €47k | €35k | ▼ 25.2% |
| Current assets29/58 | €15k | €27k | €16k | €19k | €17k | ▼ 10.0% |
| Amounts receivable within one year40/41 | €14k | €15k | €9k | €14k | €14k | ▲ 0.6% |
| Trade receivables40 | - | €15k | €9k | €13k | €14k | ▲ 8.2% |
| Other amounts receivable41 | - | €0 | - | €979 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €490 | €11k | €4k | €4k | €2k | ▼ 44.8% |
| Deferred charges and accrued income490/1 | - | €1k | €3k | €695 | €720 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23k | €37k | €81k | €76k | €61k | ▼ 19.7% |
| Equity10/15 | €11k | €22k | €24k | €10k | €4k | ▼ 59.3% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €8k | €19k | €21k | €7k | €870 | ▼ 86.6% |
| Distributable reserves133 | - | €19k | €21k | €7k | €870 | ▼ 86.6% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €12k | €16k | €57k | €66k | €57k | ▼ 14.0% |
| Amounts payable after more than one year17 | - | - | €43k | €32k | €22k | ▼ 31.8% |
| Financial debts170/4 | - | - | €43k | €32k | €22k | ▼ 31.8% |
| Amounts payable within one year42/48 | €12k | €16k | €14k | €34k | €35k | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €11k | €10k | ▼ 5.3% |
| Trade debts44 | €5k | €6k | €922 | €943 | €1k | ▲ 24.6% |
| Suppliers440/4 | - | €6k | €922 | €943 | €1k | ▲ 24.6% |
| Advances received on contracts in progress46 | - | - | - | €3k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €5k | €3k | €7k | €11k | ▲ 48.7% |
| Taxes450/3 | - | €5k | €2k | €5k | €9k | ▲ 66.3% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €2k | ▲ 0.3% |
| Other amounts payable47/48 | - | €5k | €422 | €12k | €13k | ▲ 6.7% |
| Accrued charges and deferred income492/3 | - | €154 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €10k | €2k | €8k | €6k | ▼ 20.2% |
| + Depreciation and write-downs630 | €818 | €3k | €4k | €16k | €16k | ▼ 4.0% |
| Operating cash flow (approximation) | €9k | €13k | €6k | €24k | €22k | ▼ 9.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-59k | €-7k | €-3k | ▲ 64.3% |
| Change in cash | - | €10k | €-7k | €870 | €-2k | ▼ 329% |
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
Next filing, fiscal year 2026, expected by
2026
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €2k ▼76.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2021net €10k ▲23.9%
Operating result €13k, net result €10k, both a record.
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
Registered office, Torhout · 1 establishment unit since 2020
Ground area
1,954 m²
Building footprint
87 m²
Volume, LiDAR
590 m³
Parcel 31522D0078/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VLB Construct
since 20202.308.188.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0078/00B000 | Flanders | 1,954 m² | 1 · 87 m² | 8.3 m · 2 fl. |
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.
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 398 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
Founded02-10-2020
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25530Machining of metals
Contact
E-mail
vlbconstruct@outlook.be
Scores and ratios are computed by Checked and are not a credit decision.