Equity
Equity fell below zero in 2020.
Equity fell below zero in 2020.
Of this, €1.7m falls due within a year.
Between 2019 and 2022, 76% of the full-time equivalents disappeared.
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.
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.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.5m | 2.5m | 2.6m | 2.6m | 2.2m | 1.2m | 671,566 | 472,606 | 197,406 | 259,137 | 156,472 | |
20 |
- | - | - | - | - | - | - | 190 | 951 | 1,712 | 2,474 | |
21/28 |
113,204 | 139,381 | 179,986 | 222,469 | 257,987 | 333,713 | 361,061 | 118,340 | 75,228 | 59,892 | 80,817 | |
22/27 |
106,609 | 130,886 | 171,490 | 213,974 | 249,081 | 331,813 | 361,061 | 118,150 | 74,277 | 58,180 | 78,343 | |
22 |
106,250 | 129,938 | 154,655 | 180,653 | 208,997 | 250,085 | 266,530 | 28,377 | 4,775 | 5,969 | 7,462 | |
23 |
250 | 500 | 749 | 999 | - | - | - | 14,815 | 18,062 | 22,577 | 24,229 | |
24 |
109 | 449 | 16,086 | 32,322 | 40,084 | 81,728 | 94,532 | 74,958 | 51,440 | 29,634 | 46,653 | |
28 |
6,595 | 8,495 | 8,495 | 8,495 | 8,906 | 1,900 | - | - | - | - | - | |
29/58 |
1.4m | 2.3m | 2.4m | 2.4m | 1.9m | 867,436 | 310,504 | 354,266 | 122,178 | 199,244 | 75,656 | |
29 |
8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 50,000 | - | - | - | - | |
291 |
8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 50,000 | - | - | - | - | |
3 |
389,616 | 1.5m | 1.4m | 898,450 | 394,172 | - | 30,000 | - | - | - | - | |
30/36 |
389,616 | 1.5m | 1.4m | 898,450 | 394,172 | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | 30,000 | - | - | - | - | |
40/41 |
950,090 | 653,597 | 735,250 | 1.2m | 1.2m | 708,850 | 108,718 | 241,158 | 92,065 | 96,828 | 27,600 | |
40 |
948,275 | 651,341 | 707,724 | 1.2m | 1.2m | 563,328 | 61,566 | 168,593 | 55,705 | 31,828 | 25,735 | |
41 |
1,815 | 2,256 | 27,526 | 5,270 | 81,483 | 145,522 | 47,151 | 72,565 | 36,360 | 65,000 | 1,865 | |
50/53 |
64 | 64 | 64 | 10,944 | 10,943 | 10,941 | 10,941 | 10,941 | 5,919 | 40,750 | 20,556 | |
54/58 |
9,640 | 210,272 | 232,906 | 272,903 | 256,602 | 128,169 | 103,632 | 99,301 | 24,194 | 61,666 | 27,500 | |
490/1 |
2,373 | 4,403 | 45,432 | 19,140 | 21,458 | 11,476 | 7,214 | 2,866 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.5m | 2.5m | 2.6m | 2.6m | 2.2m | 1.2m | 671,566 | 472,606 | 197,406 | 259,137 | 156,472 | |
10/15 |
-349,918 | -315,455 | -438,370 | 278,709 | 361,447 | 256,393 | 99,931 | 83,572 | 60,281 | 33,168 | 21,264 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
279,818 | 279,818 | 279,978 | 279,978 | 341,447 | 236,393 | 79,931 | 63,572 | 40,281 | 13,168 | 1,264 | |
130/1 |
0 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 500 | |
1311 |
0 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | |
132 |
- | 0 | 160 | 160 | 160 | 160 | 160 | 103 | - | - | - | |
133 |
279,818 | 277,818 | 277,818 | 277,818 | 339,287 | 234,234 | 77,771 | 61,469 | 38,281 | 11,168 | 764 | |
14 |
-649,735 | -615,273 | -738,347 | -21,268 | - | - | - | - | - | - | - | |
17/49 |
1.8m | 2.8m | 3.0m | 2.4m | 1.8m | 944,755 | 571,635 | 389,034 | 137,125 | 225,969 | 135,209 | |
17 |
130,360 | 157,892 | 231,267 | 277,960 | 213,157 | 252,875 | 289,274 | 62,505 | 55,158 | 30,653 | 18,222 | |
170/4 |
130,360 | 157,892 | 231,267 | 277,960 | 213,157 | 252,875 | 289,274 | 50,505 | 35,158 | 10,653 | 18,222 | |
178/9 |
- | - | - | - | - | - | - | 12,000 | 20,000 | 20,000 | - | |
42/48 |
1.7m | 2.6m | 2.8m | 1.7m | 1.6m | 656,651 | 275,631 | 297,127 | 75,831 | 186,225 | 109,487 | |
42 |
44,363 | 79,931 | 111,460 | 86,211 | 39,718 | 144,234 | 41,162 | 18,310 | 16,616 | 7,568 | 7,225 | |
43 |
661,079 | 1.8m | 1.8m | 425,000 | 225,500 | - | - | - | - | - | - | |
430/8 |
661,079 | 1.8m | 1.8m | 425,000 | 225,500 | - | - | - | - | - | - | |
44 |
360,533 | 407,464 | 608,501 | 786,351 | 1.1m | 405,349 | 131,059 | 218,496 | 20,434 | 151,307 | 66,588 | |
440/4 |
360,533 | 407,464 | 608,501 | 786,351 | 1.1m | 405,349 | 131,059 | 218,496 | 20,434 | 151,307 | 66,588 | |
46 |
- | 0 | 226,949 | - | - | - | - | - | - | - | - | |
45 |
39,168 | 29,069 | 41,482 | 238,363 | 182,281 | 96,454 | 86,066 | 59,828 | 29,675 | 27,035 | 8,509 | |
450/3 |
14,563 | 14,127 | 21,959 | 206,261 | 131,279 | 28,772 | 57,260 | 33,062 | 24,650 | 27,035 | 8,509 | |
454/9 |
24,605 | 14,942 | 19,524 | 32,102 | 51,002 | 67,682 | 28,807 | 26,766 | 5,024 | - | - | |
47/48 |
587,402 | 320,591 | 37,955 | 166,677 | 41,645 | 10,614 | 17,343 | 493 | 9,107 | 315 | 27,165 | |
492/3 |
- | 0 | 256 | 378,523 | 16,948 | 35,228 | 6,731 | 29,402 | 6,136 | 9,090 | 7,500 | |
| Income statement | ||||||||||||
76A |
100 | 1,446 | 2,893 | - | 3,740 | - | - | - | - | - | - | |
9900 |
124,470 | 379,703 | -376,545 | 516,144 | 744,506 | 776,346 | 385,036 | 192,356 | 125,166 | 52,306 | 75,497 | |
62 |
68,981 | 131,696 | 211,200 | 481,335 | 444,502 | 396,564 | 273,530 | 107,034 | 43,518 | - | - | |
630 |
24,277 | 28,969 | 43,504 | 58,688 | 82,674 | 96,083 | 90,966 | 42,426 | 28,674 | 30,108 | 65,591 | |
631/4 |
3,180 | - | - | - | - | - | - | 3,375 | - | - | - | |
640/8 |
6,283 | 19,948 | 19,186 | 33,768 | 78,833 | 11,736 | 4,404 | 3,443 | 9,383 | 2,031 | 3,643 | |
66A |
0 | 11,635 | - | - | 7,526 | - | - | - | - | - | - | |
9901 |
21,749 | 187,455 | -650,435 | -57,647 | 130,972 | 271,962 | 16,136 | 36,079 | 43,591 | 20,167 | 6,264 | |
75/76B |
1,427 | 2,560 | 926 | 8,892 | 51,859 | 13,472 | 12,415 | 3,212 | 502 | 320 | 1,054 | |
75 |
1,427 | 2,560 | 926 | 8,892 | 48,119 | 13,472 | 12,415 | 3,212 | 502 | 320 | 1,054 | |
76B |
- | - | - | - | 3,740 | - | - | - | - | - | - | |
65/66B |
57,333 | 66,699 | 66,669 | 33,275 | 17,579 | 11,690 | 7,632 | 2,951 | 2,573 | 2,668 | 2,598 | |
65 |
57,333 | 66,699 | 66,669 | 33,275 | 17,579 | 11,690 | 7,632 | 2,951 | 2,573 | 2,668 | 2,598 | |
9903 |
-34,157 | 123,315 | -716,178 | -82,030 | 165,251 | 273,745 | 20,919 | 36,340 | 41,519 | 17,819 | 4,720 | |
67/77 |
305 | 401 | 900 | 707 | 60,198 | 117,282 | 4,561 | 13,152 | 14,407 | 5,915 | 3,456 | |
9904 |
-34,462 | 122,914 | -717,079 | -82,737 | 105,053 | 156,463 | 16,359 | 23,188 | 27,113 | 11,904 | 1,264 | |
789 |
0 | 160 | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 57 | - | - | - | - | |
9905 |
-34,462 | 123,074 | -717,079 | -82,737 | 105,053 | 156,463 | 16,302 | 23,188 | 27,113 | 11,904 | 1,264 | |
| Appropriation of the result | ||||||||||||
9906 |
-649,735 | -615,273 | -738,347 | -82,737 | 105,053 | 156,463 | 16,302 | 23,188 | 27,113 | 11,904 | 1,264 | |
14P |
-615,273 | -738,347 | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 0 | 61,469 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 105,053 | 156,463 | 16,302 | 23,188 | 27,113 | 11,904 | 1,264 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,000 | 1,000 | |
6921 |
- | - | - | - | 105,053 | 156,463 | 16,302 | 23,188 | 27,113 | 10,904 | 264 | |
| Social balance sheet | ||||||||||||
9087 |
2 | 4.3 | 5.3 | 8.4 | 7.5 | 6.9 | 4.6 | 2.3 | 1.1 | - | - | |
Hours worked1013 |
1,784 | 3,033 | 5,444 | 13,141 | 13,211 | 11,896 | 8,189 | 3,662 | 1,648 | - | - | |
| Document | ||||||||||||
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.
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 | |
| 31-12-2021 | abbreviated format | 12-05-2022 | 2022-20027491 | |
| 31-12-2020 | abbreviated format | 28-10-2021 | 2021-74600212 | |
| 31-12-2019 | abbreviated format | 01-10-2020 | 2020-57700418 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54900213 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-24500327 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54500324 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-38300278 | |
| 31-12-2014 | abbreviated format | 31-07-2015 | 2015-38900428 | |
| 31-12-2013 | abbreviated format | 20-08-2014 | 2014-44100366 | |
| 31-12-2012 | abbreviated format | 25-06-2013 | 2013-22100499 |
| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46,026 | 216,424 | -606,931 | 1,040 | 213,645 | 368,045 | 107,102 | 78,505 | 72,265 | 50,275 | 71,854 | ||
| -10,185 | 151,883 | -673,574 | -24,050 | 187,727 | 252,546 | 107,325 | 65,614 | 55,787 | 42,012 | 66,855 | ||
| -1,900 | -11,635 | 1,021 | 23,581 | 14,474 | 68,735 | 333,688 | 85,538 | 59,120 | 9,183 | 142,602 | ||
| -200,632 | -22,634 | -39,997 | 16,301 | 128,434 | 24,537 | 4,330 | 75,107 | -37,473 | 34,167 | - | ||
| -332,761 | -296,945 | -386,833 | 712,723 | 333,565 | 210,784 | 34,874 | 57,139 | 46,346 | 13,019 | -33,831 | ||
| -23.8% | -12.7% | -16.9% | 10.6% | 16.5% | 21.3% | 14.9% | 17.7% | 30.5% | 12.8% | 13.6% | ||
| 0.80 | 0.89 | 0.86 | 1.42 | 1.21 | 1.32 | 1.13 | 1.19 | 1.61 | 1.07 | 0.69 | ||
| 0.57 | 0.33 | 0.36 | 0.89 | 0.96 | 1.32 | 1.02 | 1.19 | 1.61 | 1.07 | 0.69 | ||
| - | - | - | 8.46 | 5.04 | 3.68 | 5.72 | 4.66 | 2.27 | 6.81 | 6.36 | ||
| - | - | - | -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% | ||
| 0.80 | 3.24 | - | - | - | - | - | - | - | - | - |
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.
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| part-time | 0 | 0 |
| in full-time equivalents | 2 | 2 |
| 2 | 4.3 | |
| On a permanent contract | 2 | 2 |
| Joined | - | 0 |
| Left | - | 3 |
Source: social balance sheet in the 2021 to 2022 annual accounts
| Item | 2022 | 2021 |
|---|---|---|
| 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)
The operating result for 2022 is 88% lower than in 2021.
Equity is negative. Debt (€1.8m) exceeds the balance-sheet total (€1.5m).
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2021 accounts. Every holding stands with its own latest accounts.
The network starts from the directors of VMH CONSTRUCT. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 10-06-2022 (in Dutch)
VMH CONSTRUCT has not been in the KBO register since 9 September 2026.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34013A0854/00E000 | 99 m² | 1 · 95 m² | 4.9 m |
If something looks wrong or is missing, please tell us.