VMV CONSTRUCTION
ActiveSummary
VMV CONSTRUCTION has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€72,537) and a net result of -€13,211. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▲+9
Solvency1▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 0.7 in 2023; short-term debt: 123.5% and cash: 1.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-24.1%
Return on assets
-4.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€72,537
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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
not confirmed
2024
62 d late
2023
65 d late
2022
17 d late
2021
18 d late
2020
43 d early
2019
142 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€72,537▼ 22.3%
2023 · -€59,326
Total assets
€300,888▲ 105%
2023 · €147,076
Net result
-€13,211▲ 22.4%
2023 · -€17,028
Working capital
-€73,754▼ 18.4%
2023 · -€62,272
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€310▲ 54.4%-€750▼ 142%-€3,099▼ 313%-€16,852▼ 444%-€12,858▲ 23.7%
Net result-€310within the sector's middle half▲ 54.4%-€750within the sector's middle half▼ 142%-€3,129within the sector's middle half▼ 317%-€17,028below the sector's middle half▼ 444%-€13,211below the sector's middle half▲ 22.4%
Equity-€38,420below the sector's middle half▼ 0.8%-€39,169below the sector's middle half▼ 2.0%-€42,298below the sector's middle half▼ 8.0%-€59,326below the sector's middle half▼ 40.3%-€72,537below the sector's middle half▼ 22.3%
Total assets€0below the sector's middle half€147,076below the sector's middle half€300,888within the sector's middle half▲ 105%
Debt€38,420▲ 0.8%€39,169▲ 2.0%€42,298▲ 8.0%€206,402▲ 388%€373,425▲ 80.9%
Working capital-€62,272within the sector's middle half-€73,754within the sector's middle half▼ 18.4%
Solvency-40.3%below the sector's middle half-24.1%below the sector's middle half▲ 16.2pp
Current ratio0.70within the sector's middle half0.80within the sector's middle half▲ 0.10
Return on assets (ROA)-11.6%below the sector's middle half-4.4%below the sector's middle half▲ 7.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 stays negative: a loss of €12,858 in 2024 against €16,852 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €300,888
Fixed assets
€2,967 ▼ 11.1%
Current assets
€297,921 ▲ 107%
Key figures and ratios
EBITDA
-€11,987▲
2023 · -€16,090
Cash flow
-€12,340▲
2023 · -€16,266
Debt to equity
-5.15▼
2023 · -3.48
Interest coverage
-56.95▲
2023 · -155.32
Debt ≤ 1 year
€371,675▲
2023 · €206,011
Income taxes
€142▲
2023 · €73
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €762 | €871 | ▲ 14.2% |
| Other operating charges640/8 | - | €91 | €179 | €549 | €4,017 | ▲ 632% |
| Gross operating margin9900 | -€266 | -€659 | -€2,920 | -€15,541 | -€7,970 | ▲ 48.7% |
| Operating profit (loss)9901 | -€310 | -€750 | -€3,099 | -€16,852 | -€12,858 | ▲ 23.7% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | - | €30 | €104 | €210 | ▲ 103% |
| Recurring financial charges65 | - | - | €30 | €104 | €210 | ▲ 103% |
| Profit (loss) for the period before taxes9903 | -€310 | -€750 | -€3,129 | -€16,955 | -€13,068 | ▲ 22.9% |
| Income taxes67/77 | - | - | - | €73 | €142 | ▲ 94.9% |
| Profit (loss) for the period9904 | -€310 | -€750 | -€3,129 | -€17,028 | -€13,211 | ▲ 22.4% |
| Profit (loss) for the period to be appropriated9905 | -€310 | -€750 | -€3,129 | -€17,028 | -€13,211 | ▲ 22.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €0 | - | €147,076 | €300,888 | ▲ 105% |
| Fixed assets21/28 | - | - | - | €3,337 | €2,967 | ▼ 11.1% |
| Tangible fixed assets22/27 | - | - | - | €2,837 | €1,967 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | - | - | €826 | €450 | ▼ 45.6% |
| Furniture and vehicles24 | - | - | - | €2,011 | €1,517 | ▼ 24.6% |
| Financial fixed assets28 | - | - | - | €500 | €1,000 | ▲ 100% |
| Current assets29/58 | - | - | - | €143,739 | €297,921 | ▲ 107% |
| Amounts receivable within one year40/41 | - | - | - | €87,643 | €86,209 | ▼ 1.6% |
| Trade receivables40 | - | - | - | €79,663 | €61,559 | ▼ 22.7% |
| Other amounts receivable41 | - | - | - | €7,980 | €24,650 | ▲ 209% |
| Cash at bank and in hand54/58 | - | - | - | - | €5,766 | - |
| Deferred charges and accrued income490/1 | - | - | - | €56,096 | €205,947 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | €0 | - | €147,076 | €300,888 | ▲ 105% |
| Equity10/15 | -€38,420 | -€39,169 | -€42,298 | -€59,326 | -€72,537 | ▼ 22.3% |
| Contributions10/11 | - | €20,036 | €18,593 | €18,593 | €18,593 | = |
| Reserves13 | €37,854 | €37,854 | €39,297 | €39,297 | €39,297 | = |
| Non-distributable reserves130/1 | - | €37,854 | €39,297 | €37,854 | €37,854 | = |
| Reserves not available under the articles1311 | - | €37,854 | €39,297 | €37,854 | €37,854 | = |
| Distributable reserves133 | - | - | - | €1,443 | €1,443 | = |
| Profit (loss) carried forward14 | -€96,309 | -€97,059 | -€100,188 | -€117,216 | -€130,426 | ▼ 11.3% |
| Amounts payable17/49 | €38,420 | €39,169 | €42,298 | €206,402 | €373,425 | ▲ 80.9% |
| Amounts payable after more than one year17 | - | - | - | €392 | - | - |
| Other amounts payable178/9 | - | - | - | €392 | - | - |
| Amounts payable within one year42/48 | €38,420 | €39,169 | €42,298 | €206,011 | €371,675 | ▲ 80.4% |
| Current portion of amounts payable after more than one year42 | - | - | €1,950 | €138,670 | €303,139 | ▲ 119% |
| Financial debts43 | - | - | €30 | €47 | - | - |
| Credit institutions430/8 | - | - | €30 | €47 | - | - |
| Trade debts44 | - | €164 | €647 | €17,783 | €51,071 | ▲ 187% |
| Suppliers440/4 | - | €164 | €647 | €17,783 | €51,071 | ▲ 187% |
| Taxes, remuneration and social security45 | - | - | - | €73 | €216 | ▲ 195% |
| Taxes450/3 | - | - | - | €73 | €216 | ▲ 195% |
| Other amounts payable47/48 | - | €39,005 | €39,671 | €49,438 | €17,249 | ▼ 65.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,750 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€310 | -€750 | -€3,129 | -€17,028 | -€13,211 | ▲ 22.4% |
| + Depreciation and write-downs630 | - | - | - | €762 | €871 | ▲ 14.2% |
| Operating cash flow (approximation) | -€310 | -€750 | -€3,129 | -€16,266 | -€12,340 | ▲ 24.1% |
| Investment in fixed assets (approximation) | - | - | - | - | -€500 | - |
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
2026
24-08
State Gazette act
MiscellaneousCapital contribution7 facts ▸
State Gazette act
Miscellaneous
Capital contribution7 facts ▸
- General meeting, 16-07-2026
- Capital contribution
- Other statement, niet-publicatie akte 1 juli 2026, nog niet gepubliceerd in de bijlagen tot het Belgisch Staatsblad
- Other statement, materiële vergissing bedrag verhoging eigen vermogen, EUR
- Capital contribution
- Capital contribution
- Capital contribution
14-07
State Gazette act
Resignation: Michael Jansen (director)Appointments: FOX BV (director) and ROMIGO BV (director) · Permanent representatives: Vincent Longueville and Ivo Verhees · Director discharge12 facts ▸
State Gazette act
Resignation: Michael Jansen (director)
Appointments: FOX BV (director) and ROMIGO BV (director) · Permanent representatives: Vincent Longueville and Ivo Verhees · Director discharge12 facts ▸
- General meeting, 29-06-2026
- Director resignation, Michael Jansen (director)
- Director discharge, Michael Jansen
- Director appointment, FOX BV (director)
- Director appointment, ROMIGO BV (director)
- Permanent representative, Vincent Longueville (permanent representative)
- Permanent representative, Ivo Verhees (permanent representative)
- Board meeting, 29-06-2026
- Registered-office move, Zwartegatstraat 52,8020 Oostkamp
- Power of attorney, Lisa Kennis (als wettelijk vertegenwoordiger)
- Power of attorney, Barbara Vervoort (als wettelijk vertegenwoordiger)
- Power of attorney, PKF Bofidi Accountants & Advisers (als wettelijk vertegenwoordiger)
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€17,028
Net result drops to -€17,028, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
FOX
CurrentDirector · since 14-07-2026 · Private limited company · perm. rep.: Vincent Longueville
Romigo
CurrentDirector · since 14-07-2026 · Private limited company · perm. rep.: Ivo Verhees
Permanent representatives 2
Ivo Verhees
CurrentPermanent representative · since 14-07-2026 · for Romigo
Vincent Longueville
CurrentPermanent representative · since 14-07-2026 · for FOX
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostkamp · 1 establishment unit since 1984
Ground area
5,035 m²
Building footprint
332 m²
Parcel 31022I0729/00B000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
VASTGOEDMAATSCHAPPIJ VLAANDEREN
since 19842.024.823.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0729/00B000 | Flanders | 5,035 m² | 1 · 332 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FOX |
|
| Romigo |
|
| Michael Jansen |
|
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ROCA NINOVITA
Shared corporate director
→
ZEEKIP
Shared corporate director
→
Capital and shareholders
Shareholders according to the acts
Contribution
act of 24-08-2026 ↗
- CAPROEN INVEST in cash
- ROMIGO in cash
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,761 companies in sector 68321 we hold annual accounts for 1,394. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-1984
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425899779
Also
9925:BE0425899779
Registered
11-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.