Equity
€3,870 ▼ 59.3%
VLB Construct paid out €11,765 in dividends. That is 192% of the 2025 profit.
VLB Construct
Overview
Lifetime
5 annual accounts with figures on one time axispeak €27,907 (2024)
€26,132▼ 6.4%
peak €10,357 (2022)
€6,132▼ 20.2%
peak €24,174 (2023)
€3,870▼ 59.3%
€56,958▼ 14.0%
Board1 name since 2020
1 directorVANLERBERGHE Tom Dirk Hendrik
Documentsfilings and deeds
15-01-202616 days before the deadline
2025micro format
Dividend €11,765Equity from €9,503 to €3,870Cash from €4,448 to €2,456
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The micro format states no turnover.
Debts
€56,958 94% of the balance sheet
Financial debts 39%Suppliers 2%Taxes and wages 19%Other 41%
Of this, €34,881 falls due within a year.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 5 to 29 days before the end of the period.
Starting capital
€3,000 100 shares
Position in the sector
€3,870
Less equity than 88% of companies in fabricated metal products. Sector median €72,830 · 2,346 companies.
Checked score
54
Fair
Financially stronger than 25% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 2.0%▲ +0.1 percentage points vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 2.0%● unchanged vs 04-2025
06-2025: 2.0%● unchanged vs 05-2025
07-2025: 1.9%▼ -0.1 percentage points vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.1%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 1.7%▼ -0.4 percentage points vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.6%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.5%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 1.7%▲ +0.2 percentage points vs 09-2026
11-2026: 1.6%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2020
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Equity €3,870 (6.4% of total assets)
lowers risk
Figures for financial year 2025 (filed on 17-01-2026)
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 25, micro). It does better than 12% of them on solvency, 14% on liquidity, 66% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as VLB Construct has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
That fits the bankruptcy probability of VLB Construct itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,153 companies, not a prediction for VLB Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 2343 sector peers (2025).
NBB · sector comparisonPosition among 2343 sector peers
Solvency
better than 13%
← 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 days early
2024
24 days early
2023
5 days early
2022
29 days early
2021
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 20 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0755638512
Incorporation
Founding capital of €3,000, 100 shares · Founder: VANLERBERGHE Tom Dirk Hendrik (founder and partner) · Appointment: VANLERBERGHE Tom Dirk Hendrik (director) · published on 06-10-2020 · Gazette deed
First establishment
Korenbloemstraat 135, Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VLB Construct Torhout | €60,828 | €26,132 | 6.4% | - |
| Metaalconstructie Clerick Damme | €70,107 | €22,732 | 73.2% | - |
| DHERT CONSTRUCT Diksmuide | €51,551 | €32,507 | 37.2% | - |
| RENOVATIC Grez-Doiceau | €54,159 | €23,513 | 72.7% | - |
| SCHEPENS DIETER Tremelo | €53,407 | €29,988 | 25.1% | - |
| ESSEL Zonnebeke | €60,024 | €16,094 | 63.2% | - |
| EC Works Waregem | €83,389 | €37,717 | 6.0% | - |
These companies have the same main activity as VLB Construct: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €51,600 and €83,400, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 02-10-2020Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Establishment unit
- 2.308.188.0468820 Torhout, since 02-10-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 24-11-2023
Annual accounts to 30-06-2025
- €26,132▼ 6.4%
- €6,132▼ 20.2%
- €3,870▼ 59.3%
- €60,828▼ 19.7%
- Filing
- Filed on 15-01-2026, 16 days before the end of the filing period
Insights on VLB Construct
VLB Construct files the micro format. That format states no turnover. The gross margin rose from €10,921 in 2021 to €26,132 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 15-01-2026, 16 days before the deadline€26,132
▼ 6.4%
€9,736
▼ 13.1%
€6,132
▼ 20.2%
-€17,824
▼ €2,926
6.4%
▼ 6.2 percentage points
0.49
▼ 0.07
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €63,000 and €190,000.
Balance sheet
balance sheet total €60,828 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
6.4%
Higher than 13% of 2,343 companies in 2025.
0.49
Higher than 10% of 2,309 companies in 2025.
10.1%
Higher than 62% of 2,323 companies in 2025.
VLB Construct
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
60,828 | 75,729 | 81,496 | 37,434 | 23,045 | |
21/28 |
43,772 | 56,782 | 65,820 | 10,492 | 8,096 | |
22/27 |
43,772 | 56,782 | 65,820 | 10,492 | 8,096 | |
23 |
8,583 | 9,734 | 6,912 | 10,492 | 8,096 | |
25 |
35,189 | 47,048 | 58,908 | - | - | |
29/58 |
17,057 | 18,947 | 15,677 | 26,942 | 14,949 | |
40/41 |
13,881 | 13,803 | 9,464 | 15,235 | 13,947 | |
40 |
13,881 | 12,825 | 9,464 | 15,235 | 13,706 | |
41 |
0 | 979 | - | 0 | 242 | |
54/58 |
2,456 | 4,448 | 3,578 | 10,689 | 490 | |
490/1 |
720 | 695 | 2,635 | 1,018 | 512 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
60,828 | 75,729 | 81,496 | 37,434 | 23,045 | |
10/15 |
3,870 | 9,503 | 24,174 | 21,713 | 11,356 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
870 | 6,503 | 21,174 | 18,713 | 8,356 | |
133 |
870 | 6,503 | 21,174 | 18,713 | 8,356 | |
14 |
0 | 0 | - | - | - | |
17/49 |
56,958 | 66,226 | 57,323 | 15,721 | 11,689 | |
17 |
22,077 | 32,381 | 43,258 | - | - | |
170/4 |
22,077 | 32,381 | 43,258 | - | - | |
42/48 |
34,881 | 33,845 | 14,065 | 15,568 | 11,689 | |
42 |
10,304 | 10,877 | 9,224 | - | - | |
44 |
1,174 | 943 | 922 | 5,529 | 5,425 | |
440/4 |
1,174 | 943 | 922 | 5,529 | 5,425 | |
46 |
0 | 2,899 | - | - | - | |
45 |
10,594 | 7,126 | 3,497 | 5,061 | 1,606 | |
450/3 |
8,689 | 5,226 | 1,887 | 5,061 | 1,606 | |
454/9 |
1,905 | 1,900 | 1,610 | - | - | |
47/48 |
12,809 | 12,000 | 422 | 4,978 | 4,658 | |
492/3 |
- | - | 0 | 154 | - | |
| Income statement | ||||||
9900 |
26,132 | 27,907 | 6,596 | 15,851 | 10,921 | |
630 |
15,576 | 16,224 | 3,970 | 2,681 | 818 | |
640/8 |
820 | 474 | - | 0 | 95 | |
9901 |
9,736 | 11,209 | 2,626 | 13,170 | 10,008 | |
75/76B |
3 | 1 | 0 | 0 | - | |
75 |
3 | 1 | 0 | 0 | - | |
65/66B |
1,006 | 1,566 | 165 | 122 | 50 | |
65 |
1,006 | 1,566 | 165 | 122 | 50 | |
9903 |
8,733 | 9,644 | 2,461 | 13,048 | 9,958 | |
67/77 |
2,601 | 1,961 | 0 | 2,691 | 1,602 | |
9904 |
6,132 | 7,683 | 2,461 | 10,357 | 8,356 | |
9905 |
6,132 | 7,683 | 2,461 | 10,357 | 8,356 | |
| Appropriation of the result | ||||||
9906 |
6,132 | 7,683 | 2,461 | 10,357 | 8,356 | |
791/2 |
11,765 | 22,353 | - | - | - | |
691/2 |
6,132 | 7,683 | 2,461 | 10,357 | 8,356 | |
6921 |
6,132 | 7,683 | 2,461 | 10,357 | 8,356 | |
694/7 |
11,765 | 22,353 | - | - | - | |
694 |
11,765 | 22,353 | - | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 15-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 15-01-2026 | 2026-00009021 | |
| 30-06-2024 | micro format | 07-01-2025 | 2025-00001625 | |
| 30-06-2023 | micro format | 26-01-2024 | 2024-00014303 | |
| 30-06-2022 | micro format | 02-01-2023 | 2023-20552813 | |
| 30-06-2021 | micro format | 05-01-2022 | 2022-00300415 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 25,312 | 27,433 | 6,596 | 15,851 | 10,826 | ||
| 21,708 | 23,906 | 6,431 | 13,038 | 9,174 | ||
| 2,565 | 7,187 | 59,298 | 5,077 | 8,914 | ||
| -1,992 | 870 | -7,111 | 10,198 | - | ||
| -17,824 | -14,898 | 1,612 | 11,374 | 3,260 | ||
| 6.4% | 12.5% | 29.7% | 58.0% | 49.3% | ||
| 0.49 | 0.56 | 1.11 | 1.73 | 1.28 | ||
| 14.72 | 6.97 | 2.37 | 0.72 | 1.03 | ||
| 158.4% | 80.8% | 10.2% | 47.7% | 73.6% | ||
| 10.1% | 10.1% | 3.0% | 27.7% | 36.3% | ||
| 25.17 | 17.52 | 39.90 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,565 | €7,187 | €59,298 | €5,077 |
| €15,576 | €16,224 | €3,970 | €2,681 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on VLB Construct
The operating result for 2025 is 13% lower than in 2024.
Debt's share of the balance-sheet total rises from 87.5% to 93.6%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector
since 02-10-2020
term without a fixed end
listed in the 2025 annual accounts, filed on 15-01-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Indien er verschillende…”deed of 06-10-2020
Mandates through the years
1 name, the dashed line is todayVANLERBERGHE Tom Dirk Hendrik
Director
Director
Board
Mandates as a list
- VANLERBERGHE Tom Dirk Hendrik
- Director, from 02-10-2020 to date
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €38.70 in 2025
- Source
- deed of 06-10-2020
Articles of association
deed of 06-10-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of December at 20:00
Shareholders
At incorporation
deed of 06-10-2020 ↗
- VANLERBERGHE Tom Dirk Hendrik 100 shares (100%) · €3,000
Network & group
No group
VLB Construct has no parent and no holdings in its annual accounts. VANLERBERGHE Tom Dirk Hendrik is the only director. VLB Construct shares no director with another company.
Timeline
Timeline
10 events since 2020Filings
Financial
Establishments
2020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFmicro format · 16 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 24 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 5 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0755638512
Weakest financial year net €2,461 ▼76.2% The net result drops to €2,461, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 29 days before the deadline
2022
Highest result from 2021 to 2025 net €10,357 ▲23.9% The operating result of €13,170 and the net result of €10,357 are both a record.
Annual accounts 2021 filed PDFmicro format · 26 days before the deadline
2020
IncorporationFounding capital of €3,000, 100 shares · Founder: VANLERBERGHE Tom Dirk Hendrik (founder and partner) · Appointment: VANLERBERGHE Tom Dirk Hendrik (director) · published on 06-10-20204 points ▸
- Founder, VANLERBERGHE Tom Dirk Hendrik (and partner)
- Founding capital, €3,000, 100 shares
- Registered office clause, Korenbloemstraat 135, 8820 Torhout
- Director appointment, VANLERBERGHE Tom Dirk Hendrik
- The deed holds 5 more points.
First establishment Korenbloemstraat 135, Torhout
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 2 October 2020, VLB Construct was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 VANLERBERGHE Tom Dirk Hendrik has served as director since 2020.3 Total assets went from €23,045 in 2021 to €60,828 in 2025.4
Company details
Identity
- Enterprise number
- 0755.638.512
- VAT number
- BE 0755.638.512
- Peppol ID
- 0208:0755638512
- Other Peppol ID
- 9925:BE0755638512
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-10-2020
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of December at 20:00deed of 06-10-2020 (in Dutch)
- Peppol
- Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- VLB Construct in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-10-2020 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- VLB Constructdeed of 06-10-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 06-10-2020 (in Dutch)
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
25530
Machining of metals
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
25620
Manufacture of fabricated metal products, except machinery and equipment
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Korenbloemstraat 135 registered office 8820 Torhout | 02-10-2020 | 2.308.188.046 |
Buildings and parcels at the address
- Ground area
- 1,954 m²
- Buildings
- 87 m²
- Volume, LiDAR
- 590 m³
- Tallest building
- 8.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31522D0078/00B000 | 1,954 m² | 1 · 87 m² | 8.3 m · 2 |
Contact
E-mail
vlbconstruct@outlook.be