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VMH CONSTRUCT

Bankruptcy closed Private limited companyKBO/BCE: BE 0835.422.990

Overview

Lifetime

11 annual accounts with figures on one time axis
peak €776,346 (2017)
€124,470▼ 67.2%
lowest -€717,079 (2020)
-€34,462▼ €157,376
peak €361,447 (2018)
-€349,918▼ €34,462
€1.8m▼ 34.8%
peak 8.4 FTE (2019)
2 FTE▼ 53.5%
Board2 names since 2021
Owners
Documentsfilings and deeds
31-08-202331 days late
2022abbreviated format
Gross margin from €379,703 to €124,470Loss of €34,462Staff from 4.3 FTE to 2 FTEChange of role: VANMEERHAEGHE Frederic, from statutory direct… 10-06Debts from €2.8m to €1.8mCash from €210,272 to €9,640

Key points

from the 2022 annual accounts, the last ones filed

Equity

-€349,918 from €361,447 in 2018

Equity fell below zero in 2020.

Debts

€1.8m 124% of the balance sheet
Financial debts 43%Suppliers 20%Taxes and wages 2%Other 35%

Of this, €1.7m falls due within a year.

Staff

2 FTE from 8.4 in 2019

Between 2019 and 2022, 76% of the full-time equivalents disappeared.

No score

Board and ownership

  • VANMEERHAEGHE Frederic all the sharesdeed of 10-06-2022

Shares in 1 company, BOCOVAN

Board & ownership

Recent changes

Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Kortrijk division · judgment of 08-09-2026 · Bankruptcy
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 14-11-2023 · Bankruptcy
Change of role: VANMEERHAEGHE Frederic, from statutory director to director Resignation: Dhooms Natascha (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · VANMEERHAEGHE Frederic holds all the shares · General meeting of 30-05-2022 · Gazette deed
Incorporation 3 publications in the Belgian Official Gazette, the last on 10-06-2022 · published on 22-04-2011 · Gazette deed
All 19 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 14-11-2023
Legal form
Private limited company
Activity
“Het verwerven van participaties,in eender welke vorm,in alle bestaande of op te richten rechtspersonen…” (deed in Dutch)From the articles, 25 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2022

€124,470▼ 67.2%
≈ €320,000estimated
€34,462
-€349,918▼ 10.9%
€1.5m▼ 40.6%
Employeeson 31-12-2022
2=
Filing
Filed on 31-08-2023
Financials

Insights on VMH CONSTRUCT

Equity fell from €361,447 in 2018 to -€349,918 in 2022.

On 14 November 2023 the court declared VMH CONSTRUCT bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2022

abbreviated format, filed on 31-08-2023, 31 days late
€124,470
▼ 67.2%
€21,749
▼ 88.4%
-€34,462
▼ €157,376
-€332,761
▼ €35,816
-23.8%
▼ 11.0 percentage points
0.80
▼ 0.08

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €320,000. Estimated: probably between €190,000 and €590,000.

Balance sheet

balance sheet total €1.5m on 31-12-2022
What the company ownsHow it is paid for

in euro

in euro

Staff

€34,491

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20222021202020192018201720162015201420132012
Balance sheet: assets
20/58 1.5m2.5m2.6m2.6m2.2m1.2m671,566472,606197,406259,137156,472
20 -------1909511,7122,474
21/28 113,204139,381179,986222,469257,987333,713361,061118,34075,22859,89280,817
22/27 106,609130,886171,490213,974249,081331,813361,061118,15074,27758,18078,343
22 106,250129,938154,655180,653208,997250,085266,53028,3774,7755,9697,462
23 250500749999---14,81518,06222,57724,229
24 10944916,08632,32240,08481,72894,53274,95851,44029,63446,653
28 6,5958,4958,4958,4958,9061,900-----
29/58 1.4m2.3m2.4m2.4m1.9m867,436310,504354,266122,178199,24475,656
29 8,0008,0008,0008,0008,0008,00050,000----
291 8,0008,0008,0008,0008,0008,00050,000----
3 389,6161.5m1.4m898,450394,172-30,000----
30/36 389,6161.5m1.4m898,450394,172------
37 ------30,000----
40/41 950,090653,597735,2501.2m1.2m708,850108,718241,15892,06596,82827,600
40 948,275651,341707,7241.2m1.2m563,32861,566168,59355,70531,82825,735
41 1,8152,25627,5265,27081,483145,52247,15172,56536,36065,0001,865
50/53 64646410,94410,94310,94110,94110,9415,91940,75020,556
54/58 9,640210,272232,906272,903256,602128,169103,63299,30124,19461,66627,500
490/1 2,3734,40345,43219,14021,45811,4767,2142,866---
Balance sheet: equity and liabilities
10/49 1.5m2.5m2.6m2.6m2.2m1.2m671,566472,606197,406259,137156,472
10/15 -349,918-315,455-438,370278,709361,447256,39399,93183,57260,28133,16821,264
10/11 20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
100 ---20,00020,00020,00020,00020,00020,00020,00020,000
13 279,818279,818279,978279,978341,447236,39379,93163,57240,28113,1681,264
130/1 02,0002,000--------
130 ---2,0002,0002,0002,0002,0002,0002,000500
1311 02,0002,000--------
132 -0160160160160160103---
133 279,818277,818277,818277,818339,287234,23477,77161,46938,28111,168764
14 -649,735-615,273-738,347-21,268-------
17/49 1.8m2.8m3.0m2.4m1.8m944,755571,635389,034137,125225,969135,209
17 130,360157,892231,267277,960213,157252,875289,27462,50555,15830,65318,222
170/4 130,360157,892231,267277,960213,157252,875289,27450,50535,15810,65318,222
178/9 -------12,00020,00020,000-
42/48 1.7m2.6m2.8m1.7m1.6m656,651275,631297,12775,831186,225109,487
42 44,36379,931111,46086,21139,718144,23441,16218,31016,6167,5687,225
43 661,0791.8m1.8m425,000225,500------
430/8 661,0791.8m1.8m425,000225,500------
44 360,533407,464608,501786,3511.1m405,349131,059218,49620,434151,30766,588
440/4 360,533407,464608,501786,3511.1m405,349131,059218,49620,434151,30766,588
46 -0226,949--------
45 39,16829,06941,482238,363182,28196,45486,06659,82829,67527,0358,509
450/3 14,56314,12721,959206,261131,27928,77257,26033,06224,65027,0358,509
454/9 24,60514,94219,52432,10251,00267,68228,80726,7665,024--
47/48 587,402320,59137,955166,67741,64510,61417,3434939,10731527,165
492/3 -0256378,52316,94835,2286,73129,4026,1369,0907,500
Income statement
76A 1001,4462,893-3,740------
9900 124,470379,703-376,545516,144744,506776,346385,036192,356125,16652,30675,497
62 68,981131,696211,200481,335444,502396,564273,530107,03443,518--
630 24,27728,96943,50458,68882,67496,08390,96642,42628,67430,10865,591
631/4 3,180------3,375---
640/8 6,28319,94819,18633,76878,83311,7364,4043,4439,3832,0313,643
66A 011,635--7,526------
9901 21,749187,455-650,435-57,647130,972271,96216,13636,07943,59120,1676,264
75/76B 1,4272,5609268,89251,85913,47212,4153,2125023201,054
75 1,4272,5609268,89248,11913,47212,4153,2125023201,054
76B ----3,740------
65/66B 57,33366,69966,66933,27517,57911,6907,6322,9512,5732,6682,598
65 57,33366,69966,66933,27517,57911,6907,6322,9512,5732,6682,598
9903 -34,157123,315-716,178-82,030165,251273,74520,91936,34041,51917,8194,720
67/77 30540190070760,198117,2824,56113,15214,4075,9153,456
9904 -34,462122,914-717,079-82,737105,053156,46316,35923,18827,11311,9041,264
789 0160---------
689 ------57----
9905 -34,462123,074-717,079-82,737105,053156,46316,30223,18827,11311,9041,264
Appropriation of the result
9906 -649,735-615,273-738,347-82,737105,053156,46316,30223,18827,11311,9041,264
14P -615,273-738,347---------
791/2 --061,469-------
691/2 ----105,053156,46316,30223,18827,11311,9041,264
6920 ---------1,0001,000
6921 ----105,053156,46316,30223,18827,11310,904264
Social balance sheet
9087 24.35.38.47.56.94.62.31.1--
Hours worked1013 1,7843,0335,44413,14113,21111,8968,1893,6621,648--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 14 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 2022 (PDF), filed on 31-08-2023.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2022 annual accounts filed 31 days after the deadline. Filed on 31 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00411451.

Financial year Type Filed Reference Document
31-12-2022 abbreviated format 31-08-2023 2023-00411451 PDF
31-12-2021 abbreviated format 12-05-2022 2022-20027491 PDF
31-12-2020 abbreviated format 28-10-2021 2021-74600212 PDF
31-12-2019 abbreviated format 01-10-2020 2020-57700418 PDF
31-12-2018 abbreviated format 29-08-2019 2019-54900213 PDF
31-12-2017 abbreviated format 28-06-2018 2018-24500327 PDF
31-12-2016 abbreviated format 31-08-2017 2017-54500324 PDF
31-12-2015 abbreviated format 29-07-2016 2016-38300278 PDF
31-12-2014 abbreviated format 31-07-2015 2015-38900428 PDF
31-12-2013 abbreviated format 20-08-2014 2014-44100366 PDF
31-12-2012 abbreviated format 25-06-2013 2013-22100499 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20222021202020192018201720162015201420132012
46,026216,424-606,9311,040213,645368,045107,10278,50572,26550,27571,854
-10,185151,883-673,574-24,050187,727252,546107,32565,61455,78742,01266,855
-1,900-11,6351,02123,58114,47468,735333,68885,53859,1209,183142,602
-200,632-22,634-39,99716,301128,43424,5374,33075,107-37,47334,167-
-332,761-296,945-386,833712,723333,565210,78434,87457,13946,34613,019-33,831
-23.8%-12.7%-16.9%10.6%16.5%21.3%14.9%17.7%30.5%12.8%13.6%
0.800.890.861.421.211.321.131.191.611.070.69
0.570.330.360.890.961.321.021.191.611.070.69
---8.465.043.685.724.662.276.816.36
----29.7%29.1%61.0%16.4%27.7%45.0%35.9%5.9%
-2.3%5.0%-27.6%-3.1%4.8%13.0%2.4%4.9%13.7%4.6%0.8%
0.803.24---------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Social balance sheet

Item31-12-202231-12-2021
Employees at the balance-sheet date22
full-time22
part-time00
in full-time equivalents22
24.3
On a permanent contract22
Joined-0
Left-3

Source: social balance sheet in the 2021 to 2022 annual accounts

Securities and guarantees

on own assets and for others
Item20222021
Debts secured on the company's own assets-€2.0m
Mortgages, amount registered-€1.8m
-€897,270
Carrying value of the mortgaged assets-€1.6m
-€275,000
Carrying value of the other pledged assets-€210,027

Source: notes to the 2021 to 2022 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Insights on VMH CONSTRUCT

The operating result for 2022 is 88% lower than in 2021.

Equity is negative. Debt (€1.8m) exceeds the balance-sheet total (€1.5m).

Board & ownership

Curator

1 mandate
Curator, Guido Gezelle- Straat 10, 8790 Waregem
from 14-11-2023 to 08-09-2026
Also on 60 other cases

Last board

1 director, last change in 2022
Director (not named in the articles)
appointed by deed of 10-06-2022 term without a fixed end
earlier statutory director, until 10-06-2022
listed in the 2022 annual accounts, filed on 31-08-2023
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 10-06-2022

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
VANMEERHAEGHE Frederic
Director (not named in the articles)
BoardEarliermandate already running before its first mentionBankruptcy 14-11-2023
Mandates as a list
  • VANMEERHAEGHE Frederic
    • Director (not named in the articles), from before 31-12-2021, until the bankruptcy of 14-11-2023
    • Statutory director, until 10-06-2022
  • Dhooms Natascha
    • Director, until 10-06-2022

See the board, name and registered office on a given date →

Control

This company
VMH CONSTRUCT
Equity -€349,918
Loss €34,462 in 2022

Capital

Contribution
€20,000
Source
2022 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 10-06-2022 (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

Shareholders

Stated in the deed deed of 10-06-2022 ↗

Network & group

Holdings

own 2021 accounts, the bar shows equity in euros
This companyVMH CONSTRUCT1 holding, 1 country 2021 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2021 accounts. Every holding stands with its own latest accounts.

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • Equity €107,948 Profit of €18,766 in 2025 (profit of €2,782 in 2024) Checked score 93
    1%
Holdings through the years 2017 to 2021
Holdings through the years
Name20172018201920202021
BOCOVAN 1%

Source: list of holdings in its own accounts

Connections & network

1 last director
Depth

The network starts from the directors of VMH CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

19 events since 2011
2026
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Kortrijk division · judgment of 08-09-2026
2023
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 14-11-2023
Annual accounts 2022 filed PDFabbreviated format · 31 days late
2022
Change of role: VANMEERHAEGHE Frederic, from statutory director to directorResignation: Dhooms Natascha (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · VANMEERHAEGHE Frederic holds all the shares · General meeting of 30-05-20229 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 80 days before the deadline
2021
Back to profit net €122,914 The net result is €122,914, after 2 loss-making years.
Annual accounts 2020 filed PDFabbreviated format · 89 days late
2020
Weakest financial year net -€717,079 The net result drops to -€717,079, the lowest from 2012 to 2022.
Annual accounts 2019 filed PDFabbreviated format · 62 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 29 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 33 days before the deadline
2017
Highest result from 2012 to 2022 net €156,463 ▲856% The operating result of €271,962 and the net result of €156,463 are both a record.
Equity above €200,000 equity €256,393 ▲157% With a profit in every financial year since 2012, equity grows to €256,393.
Annual accounts 2016 filed PDFabbreviated format · 31 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 2 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · on the deadline day
2014
Annual accounts 2013 filed PDFabbreviated format · 20 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 36 days before the deadline
2011
Incorporation PDF3 publications in the Belgian Official Gazette, the last on 10-06-2022 · published on 22-04-2011

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

Total assets went from €2.2m in 2018 to €1.5m in 2022 and headcount from 7.5 to 2 full-time equivalents.1 VMH CONSTRUCT was declared bankrupt on 14 November 2023. The bankruptcy was closed on 8 September 2026.23

  1. 1National Bank, annual accounts 2018 and 2022
  2. 2Belgian Official Gazette, 20-11-2023
  3. 3Belgian Official Gazette, 14-09-2026

Company details

Purpose according to the articles of association

PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verwerven van participaties,in eender welke vorm,in alle bestaande of op te richten rechtspersonen of ondernemingen,het stimuleren,de…”
25 activities
  1. Het verwerven van participaties,in eender welke vorm,in alle bestaande of op te richten rechtspersonen of ondernemingen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
  2. Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voor behouden zijn aan kredietinstellingen,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
  3. Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard; in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur.
  4. Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars,het uitoefenen van opdrachten en functies in andere vennootschappen.
  5. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa.
  6. Het verlenen van administratieve prestaties en computerservices.
  7. De aan- en verkoop,in- uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in het kort tussenpersoon in de handel.
  8. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en hun toepassingen
  9. Bouwpromotor.
  10. Bouwen,verbouwen,kopen,verkopen,huren en verhuren van alle onroerende goederen,woningen,appartementen,bedrijfsgebouwen,kunstwerken.
  11. Het tewerkstellen en het begeleiden van werkzoekenden uit kansengroepen die problemen hebben bij het inschakelen in het arbeidscircuit.
  12. Verhuring van materiaal en personeel voor zover wettelijk toegelaten.
  13. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen ; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen; de aan- en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
  14. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke aard ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
  15. De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende en financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
  16. De vennootschap mag betrokken zijn bij wijze van inbreng,samenstelling,inschrijving of op elke andere inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp.
  17. Bovenvermelde opsomming is niet beperkend,zodat de vennootschap alle handelingen kan stellen,die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.
  18. De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten.
  19. De vennootschap zal actief zijn op het vlak van PROJECTMANAGEMENT EN BOUWCOÖRDINATIE van diverse vastgoed- en bouwprojecten ook op technisch vlak.
  20. Dit zowel voor woningen,appartementsgebouwen,PPS-projecten,kantoren,hoogbouwmagazijnen,koelmagazijnen als loodsen.
  21. Deze dienstverlening wordt ter beschikking gesteld van particuliere bouwheren,investeerders,bedrijven,bouwpromotoren en overheidsinstellingen.
  22. Dit behelst zowel totaal opdrachten als deelopdrachten.
  23. Gaande van projectanalyse – rendementsbepaling – ondersteuning bij bekomen van bouwvergunning en het aanbestedingsdossier – controle lastenboeken – prijsaanvraag - prijsvergelijk – contractvorming – planning – budgetopvolging - werfopvolging en coördinatie – leiding over bouwteam en opmaak werfverslagen – technische coördinatie – factuur controle – kwaliteitscontrole – tot het opvolgen van de oplevering en de eindafrekening.
  24. De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake.
  25. De vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
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”

Articles of association, deed of 10-06-2022 (in Dutch)

Buildings and parcels at the address

Ground area
99 m²
Buildings
95 m²
Volume, LiDAR
24 m³
Tallest building
4.9 m
Buildings to scale, each on its own parcel
95 m², 4.9 m 95 m², 4.9 m
Inactive

Inactive since September 2026

VMH CONSTRUCT has not been in the KBO register since 9 September 2026.

Status
Inactiveout of the register since 9 September 2026
Reason
Bankruptcy opened
Last annual accounts
financial year to 31 December 2022
Last registered office
Kortrijksesteenweg 1, 8530 Harelbekeas published on 10 June 2022
Legal form
Private limited company
Active since
8 April 2011
Official KBO record

Location

exact location from the address register On OpenStreetMap

Parcels

Cadastral parcelArea Buildings Height / floors
34013A0854/00E00099 m² 1 · 95 m² 4.9 m