VM CONSTRUCT
ActiveSummary
VM CONSTRUCT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €17k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 59% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+10
Solvency80▲+11
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.83 in 2024; short-term debt: 40.9% and cash: 5.4% of total assets), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55%
Return on assets
13.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €67k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
2 d early
2023
21 d early
2022
32 d early
2021
30 d early
2020
16 d late
2019
7 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▲ 34.0%
2024 · €50k
2018: €67k
2019: €68k
2020: €72k
2021: €71k
2022: €37k
2023: €38k
2024: €50k
2018 → 2025
Total assets
€122k▲ 6.3%
2024 · €115k
2018: €131k
2019: €127k
2020: €137k
2021: €128k
2022: €107k
2023: €107k
2024: €115k
2018 → 2025
Net result
€17k▲ 40.6%
2024 · €12k
2018: €-16k
2019: €2k
2020: €4k
2021: €-941
2022: €-34k
2023: €869
2024: €12k
2018 → 2025
Working capital
€70k▲ 41.1%
2024 · €50k
2018: €62k
2019: €67k
2020: €68k
2021: €73k
2022: €39k
2023: €40k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€37k▼ 48.0%€38k▲ 2.3%€50k▲ 31.9%€67k▲ 34.0%
Operating result€3k-€-31k€6k€16k▲ 175%€22k▲ 41.3%
Net result€-941-€-34k▼ 3,544%€869€12k▲ 1,295%€17k▲ 40.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€2k ▼ 65.1%
Current assets
€120k ▲ 9.7%
Equity and liabilities €122k
Equity
€67k ▲ 34.0%
Debt
€55k ▼ 15.1%
Debt's share of the balance-sheet total falls from 56.4% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▲
2024 · €20k
Cash flow
€20k▲
2024 · €16k
Current ratio
2.41▲
2024 · 1.83
Quick ratio
2.34▲
2024 · 1.71
Debt to equity
0.82▼
2024 · 1.29
ROE
25.4%▲
2024 · 24.2%
ROA
13.9%▲
2024 · 10.5%
Interest coverage
8.81▲
2024 · 5.31
Debt ≤ 1 year
€50k▼
2024 · €60k
Debt > 1 year
€5k=
2024 · €5k
Income taxes
€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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€115k€122k▲
Fixed assets21/28€5k€2k▼
Tangible fixed assets22/27€3k-
Plant, machinery and equipment23€70-
Leasing and similar rights25€3k-
Financial fixed assets28€2k€2k=
Current assets29/58€110k€120k▲
Stocks and contracts in progress3€7k€3k▼
Stocks30/36€7k€3k▼
Amounts receivable within one year40/41€100k€110k▲
Trade receivables40€99k€103k▲
Other amounts receivable41€213€7k▲
Cash at bank and in hand54/58€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€115k€122k▲
Equity10/15€50k€67k▲
Contributions10/11€6k€6k=
Reserves13€31k€61k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€28k€58k▲
Profit (loss) carried forward14€13k-
Amounts payable17/49€65k€55k▼
Amounts payable after more than one year17€5k€5k=
Financial debts170/4€5k€5k=
Amounts payable within one year42/48€60k€50k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43€30k€30k=
Credit institutions430/8€30k€30k=
Trade debts44€8k€8k▼
Suppliers440/4€8k€8k▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Other amounts payable47/48€8k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€209€450▲
Gross operating margin9900€20k€26k▲
Operating profit (loss)9901€16k€22k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€12k€19k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€12k€17k▲
Profit (loss) for the period to be appropriated9905€12k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€17k▲
Profit (loss) brought forward from the previous period14P€869-
Transfer to equity691/2-€17k
To other reserves6921-€17k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €17k ▲40.6%
Operating result €22k, net result €17k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €869
Net result €869 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Essen · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 5A2910 EssenGround area
574 m²
Building footprint
401 m²
Volume, LiDAR
1,856 m³
Parcel 11016A0080/00N000, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VM CONSTRUCT
since 20052.163.135.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016A0080/00N000 | Flanders | 574 m² | 1 · 400 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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BINON
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VAN AUDENHOVEN
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,749 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.