VLD Concept
ActiveSummary
The computed 12-month bankruptcy probability of VLD Concept is 1.9% (moderate). The 2025 annual accounts show equity of €47,354 and a net result of €1,874. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 23% of 28374 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-32
Solvency46▼-5
Growth68=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.27 against 1.35 in 2024; short-term debt: 79% and cash: 12.9% of total assets), and 79% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-12-2025, 41 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
41 d late
2024
1 d early
2023
20 d late
2022
30 d late
2021
24 d late
2020
389 d late
2019
200 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 100 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 24 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€365,865▲ 18.7%
2020 · €308,302
EBIT margin
2.0%▼ 2.0pp
2020 · 4.0%
Net result
€1,874▼ 63.5%
2024 · €5,138
Working capital
€47,354▲ 4.1%
2024 · €45,480
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€365,865▲ 18.7%
Operating result€7,198▼ 41.2%€2,205▼ 69.4%€7,600▲ 245%€7,890▲ 3.8%€4,077▼ 48.3%
Net result€5,279within the sector's middle half▼ 44.4%€1,493within the sector's middle half▼ 71.7%€5,655within the sector's middle half▲ 279%€5,138within the sector's middle half▼ 9.1%€1,874within the sector's middle half▼ 63.5%
EBIT margin2.0%▼ 2.0pp
Equity€33,195within the sector's middle half▲ 18.9%€34,688within the sector's middle half▲ 4.5%€40,342within the sector's middle half▲ 16.3%€45,480within the sector's middle half▲ 12.7%€47,354within the sector's middle half▲ 4.1%
Total assets€196,303within the sector's middle half▲ 16.5%€147,039within the sector's middle half▼ 25.1%€97,605within the sector's middle half▼ 33.6%€176,038within the sector's middle half▲ 80.4%€225,423within the sector's middle half▲ 28.1%
Debt€163,108▲ 16.0%€112,351▼ 31.1%€57,262▼ 49.0%€130,558▲ 128%€178,069▲ 36.4%
Working capital€25,865within the sector's middle half▲ 25.4%€30,122within the sector's middle half▲ 16.5%€38,105within the sector's middle half▲ 26.5%€45,480within the sector's middle half▲ 19.4%€47,354within the sector's middle half▲ 4.1%
Solvency16.9%below the sector's middle half▲ 0.3pp23.6%within the sector's middle half▲ 6.7pp41.3%within the sector's middle half▲ 17.7pp25.8%within the sector's middle half▼ 15.5pp21.0%below the sector's middle half▼ 4.8pp
Current ratio1.17within the sector's middle half=1.27within the sector's middle half▲ 0.111.67within the sector's middle half▲ 0.391.35within the sector's middle half▼ 0.321.27within the sector's middle half▼ 0.08
Return on assets (ROA)2.7%within the sector's middle half▼ 3.0pp1.0%within the sector's middle half▼ 1.7pp5.8%within the sector's middle half▲ 4.8pp2.9%within the sector's middle half▼ 2.9pp0.8%within the sector's middle half▼ 2.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €225,423
Equity
€47,354 ▲ 4.1%
Debt
€178,069 ▲ 36.4%
Debt's share of the balance-sheet total rises from 74.2% to 79.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
3.76▲
2024 · 2.87
ROE
4.0%▼
2024 · 11.3%
Debt ≤ 1 year
€178,069▲
2024 · €130,558
Income taxes
€1,772▼
2024 · €1,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 4,508 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €365,865 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,245 | €8,952 | €4,667 | €2,237 | - | - |
| Other operating charges640/8 | - | €183 | €551 | €1,021 | €356 | ▼ 65.1% |
| Gross operating margin9900 | €18,306 | €11,340 | €12,817 | €11,148 | €4,434 | ▼ 60.2% |
| Operating profit (loss)9901 | €7,198 | €2,205 | €7,600 | €7,890 | €4,077 | ▼ 48.3% |
| Financial charges65/66B | - | €229 | €230 | €979 | €431 | ▼ 56.0% |
| Recurring financial charges65 | €55 | €229 | €230 | €979 | €431 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €7,142 | €1,975 | €7,370 | €6,911 | €3,647 | ▼ 47.2% |
| Income taxes67/77 | €1,863 | €483 | €1,715 | €1,774 | €1,772 | ▼ 0.1% |
| Profit (loss) for the period9904 | €5,279 | €1,493 | €5,655 | €5,138 | €1,874 | ▼ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €5,279 | €1,493 | €5,655 | €5,138 | €1,874 | ▼ 63.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196,303 | €147,039 | €97,605 | €176,038 | €225,423 | ▲ 28.1% |
| Fixed assets21/28 | €15,856 | €6,904 | €2,237 | - | - | - |
| Tangible fixed assets22/27 | €15,856 | €6,904 | €2,237 | - | - | - |
| Plant, machinery and equipment23 | - | €483 | €97 | - | - | - |
| Furniture and vehicles24 | - | €6,421 | €2,140 | - | - | - |
| Current assets29/58 | €180,447 | €140,135 | €95,367 | €176,038 | €225,423 | ▲ 28.1% |
| Stocks and contracts in progress3 | - | €15,000 | - | - | - | - |
| Contracts in progress37 | - | €15,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €173,038 | €79,139 | €79,345 | €167,211 | €196,292 | ▲ 17.4% |
| Trade receivables40 | - | €72,260 | €72,452 | €109,272 | €177,509 | ▲ 62.4% |
| Other amounts receivable41 | - | €6,879 | €6,892 | €57,939 | €18,783 | ▼ 67.6% |
| Cash at bank and in hand54/58 | €7,409 | €45,996 | €16,023 | €8,826 | €29,131 | ▲ 230% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196,303 | €147,039 | €97,605 | €176,038 | €225,423 | ▲ 28.1% |
| Equity10/15 | €33,195 | €34,688 | €40,342 | €45,480 | €47,354 | ▲ 4.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €25,135 | €26,628 | €32,282 | €37,420 | €39,294 | ▲ 5.0% |
| Amounts payable17/49 | €163,108 | €112,351 | €57,262 | €130,558 | €178,069 | ▲ 36.4% |
| Amounts payable after more than one year17 | €8,527 | €2,339 | - | - | - | - |
| Financial debts170/4 | - | €2,339 | - | - | - | - |
| Amounts payable within one year42/48 | €154,582 | €110,012 | €57,262 | €130,558 | €178,069 | ▲ 36.4% |
| Current portion of amounts payable after more than one year42 | - | €5,812 | €2,762 | - | - | - |
| Trade debts44 | €141,721 | €100,882 | €12,052 | €127,268 | €176,791 | ▲ 38.9% |
| Suppliers440/4 | - | €7,299 | €10,852 | €127,268 | €14,902 | ▼ 88.3% |
| Bills of exchange payable441 | - | €93,583 | €1,200 | - | €161,889 | - |
| Taxes, remuneration and social security45 | - | €3,319 | €1,826 | €3,289 | €1,045 | ▼ 68.2% |
| Taxes450/3 | - | €3,319 | €1,826 | €3,289 | €1,045 | ▼ 68.2% |
| Other amounts payable47/48 | - | - | €40,622 | - | €234 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,279 | €1,493 | €5,655 | €5,138 | €1,874 | ▼ 63.5% |
| + Depreciation and write-downs630 | €9,245 | €8,952 | €4,667 | €2,237 | - | - |
| Operating cash flow (approximation) | €14,525 | €10,445 | €10,322 | €7,375 | €1,874 | ▼ 74.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €38,587 | -€29,973 | -€7,196 | €20,305 | ▲ 382% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €1,493 ▼71.7%
Net result drops to €1,493, the lowest in the series; recovery starts the following year.
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 389 days late
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 200 days late
31-03
Financial
Highest result since 2019net €9,504 ▲78.2%
Operating result €12,233, net result €9,504, both a record.
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2013
Ground area
2,768 m²
Building footprint
1,277 m²
Volume, LiDAR
27,773 m³
2 parcels, Brussels · tallest building 29.1 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Gielelaan 24, 1090 Jette
since 20132.224.029.955
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010A0073/00C003 | Brussels | 2,607 m² | 1 · 1,195 m² | 29.1 m · 8 fl. |
| 21464E0032/00N002 | Brussels | 161 m² | 1 · 81 m² | 16.6 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.
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Of 15,518 companies in this sector we hold annual accounts for 7,427. 6,060 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-10-2013
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
81230Other cleaning activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539986033
Registered
24-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.