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VNH CONSTRUCT

Active Private limited companyfounded 2023active for 3 yearsSteenstraat 49, 8851 ArdooieKBO/BCE: BE 0801.602.555

Overview

Lifetime

3 annual accounts with figures on one time axis
peak €50,894 (2023)
€42,421▲ 176%
lowest -€2,225 (2024)
€20,975▲ €23,201
peak €53,954 (2025)
€53,954▲ 63.6%
€63,519▲ 25.7%
Board1 name since 2023
Documentsfilings and deeds
17-04-2026105 days before the deadline
2025micro format
Gross margin from €15,368 to €42,421Back to profit: €20,975Equity from €32,979 to €53,954Debts from €50,532 to €63,519Cash from €28,359 to €77,889

Key points

from the 2025 annual accounts

Turnover

≈ €360,000 estimated

The micro format states no turnover.

Filings

3 annual accounts 1 late
AprilJune31 JulyOctober202320242025

The 2023 accounts came 30 days late. The other two were filed on time.

Checked score

89
Excellent
Financially stronger than 72% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 1.0%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025highest value 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 0.3%▼ -0.7 percentage points vs 04-2026lowest value 06-2026: 0.3%● unchanged vs 05-2026lowest value 07-2026: 0.3%● unchanged vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

71+7equity 45.9% of total assets
79+12short-term debt 43.6% · cash 66.3%
91+50return on assets 17.9%

Score breakdown

raises risk
Founded in 2023
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.61, cash €77,889
Equity €53,954 (45.9% of total assets)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 50% of them on solvency, 77% on liquidity, 77% on profitability and 86% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 39,278 companies had the same profile as VNH CONSTRUCT has now. Each dot stands for 99 companies, two years later.

95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of VNH CONSTRUCT itself is lower: 0.3% within 12 months. It rests on far more data about VNH CONSTRUCT than the profile alone.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for VNH CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €4,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.61 (1.23 in 2024), above the usual 1.5. Short-term debt is 43.6% and cash 66.3% of total assets. However, 54.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.61, cash €77,889
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €53,954 (45.9% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 17-04-2026, 105 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
105 days early
2024
34 days early
2023
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 36 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (3 of the last 3 accounts filed within 71 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

VS
Director, since 09-05-2023
  • Vannieuwenhuyze Sam Bart 100 sharesdeed of 11-05-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0801602555
Incorporation Founding capital of €5,000, 100 shares · Founder: Vannieuwenhuyze Sam Bart · Appointment: Vannieuwenhuyze Sam Bart (director) · published on 11-05-2023 · Gazette deed
First establishment Steenstraat 49, Ardooie
All 8 events

Comparable companies

same main activity, similar in size and age
Company
VNH CONSTRUCT Ardooie €117,473 €42,421 45.9% -
Delaere Jarno Algemene Bouwwerken Oostkamp €106,614 €54,808 76.6% -
ELISEI Sint-Pieters-Leeuw €114,041 €39,685 61.0% -
IATAN CONSTRUCT Courcelles €108,472 €42,607 13.6% -
NRF Heist-op-den-Berg €106,532 €43,395 70.7% -
DETENDEZ-VOUS Namur €125,147 €42,090 -32.0% -
L&J Qualité Overijse €119,641 €42,422 19.9% -

These companies have the same main activity as VNH CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €107,000 and €125,000, founded in 2023.

Official details

Source: KBO
Status
Active since 09-05-2023Normal situation
Activity
Other specialised construction activitiesNACE 43990and 4 others
Establishment unit
2.346.114.9478851 Ardooie, since 09-05-2023
Financial year end
31 December
Peppol
Reachable since 04-06-2025
Company details

Annual accounts 2025

€42,421▲ 176%
€20,975
€53,954▲ 63.6%
€117,473▲ 40.7%
Filing
Filed on 17-04-2026, 105 days before the end of the filing period
Financials

Insights on VNH CONSTRUCT

VNH CONSTRUCT files the micro format. That format states no turnover. The gross margin fell from €50,894 in 2023 to €42,421 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 17-04-2026, 105 days before the deadline
€42,421
▲ 176%
€31,275
▲ 13×
€20,975
▲ €23,201
€31,321
▲ 219%
45.9%
▲ 6.4 percentage points
1.61
▲ 0.38

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

Turnover ≈ €360,000. Estimated: probably between €250,000 and €650,000.

Balance sheet

balance sheet total €117,473 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

45.9%

Higher than 49% of 35,156 companies in 2025.

1.61

Higher than 44% of 34,529 companies in 2025.

17.9%

Higher than 74% of 34,730 companies in 2025.

VNH CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 117,47383,511117,884
21/28 34,94331,50642,946
22/27 34,94331,50642,946
23 12,1201,2291,679
24 22,82430,27741,268
29/58 82,53052,00574,938
40/41 2,33312,85914,665
40 05,0989,991
41 2,3337,7614,674
54/58 77,88928,35955,848
490/1 2,30810,7874,425
Balance sheet: equity and liabilities
10/49 117,47383,511117,884
10/15 53,95432,97935,204
10/11 5,0005,0005,000
13 38,95430,20430,204
133 38,95430,20430,204
14 10,000-2,2250
17/49 63,51950,53282,680
17 9,4947,42414,052
170/4 9,4947,42414,052
42/48 51,20942,18065,006
42 9,0396,6276,418
44 3,6162,65914,830
440/4 3,6162,65914,830
45 7,37197416,445
450/3 7,37197414,645
454/9 -01,800
47/48 31,18331,92027,313
492/3 2,8179283,623
Income statement
9900 42,42115,36850,894
630 9,74711,4412,815
640/8 1,4001,5081,132
9901 31,2752,42046,947
75/76B 2645850
75 2645850
65/66B 3,4634,4341,315
65 3,4634,4341,315
9903 28,077-1,95645,681
67/77 7,10126914,645
9904 20,975-2,22531,037
9905 20,975-2,22531,037
Appropriation of the result
9906 18,750-2,22531,037
14P -2,225--
691/2 8,750030,204
6921 8,750030,204
694/7 -0833
694 -0833
Document PDFPDFPDF

The notes to these accounts have 15 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 2025 (PDF), filed on 17-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-04-2026 2026-00081572 PDF
31-12-2024 micro format 27-06-2025 2025-00200764 PDF
31-12-2023 micro format 30-08-2024 2024-00420142 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
41,02213,86049,762
30,7229,21533,852
13,184045,762
49,530-27,489-
31,3219,8259,933
45.9%39.5%29.9%
1.611.231.15
1.181.532.35
38.9%-6.7%88.2%
17.9%-2.7%26.3%
11.853.1337.85

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.

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets€13,184-€45,762
Financial fixed assets€0--
€9,747€11,441€2,815

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on VNH CONSTRUCT

The operating result for 2025 is nearly 13 times that of 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 60.5% to 54.1%. Equity and debt are higher.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
since 09-05-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 17-04-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-05-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Vannieuwenhuyze Sam Bart
Director (not named in the articles)
Board
Mandates as a list
  • Vannieuwenhuyze Sam Bart
    • Director (not named in the articles), from 09-05-2023 to date

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

Control

This company
VNH CONSTRUCT
Equity €53,954
Profit €20,975 in 2025

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
€540 in 2025
Source
deed of 11-05-2023

Articles of association

deed of 11-05-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
“Op naam, aandeelhouders mogen kennis nemen van dit register betreffende hun effecten”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor
Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Besluit van de algemene vergadering, beraadslaagt zoals inzake statutenwijziging”

Shareholders

At incorporation deed of 11-05-2023 ↗

Network & group

No group

VNH CONSTRUCT has no parent and no holdings in its annual accounts. Vannieuwenhuyze Sam Bart is the only director. VNH CONSTRUCT shares no director with another company.

Timeline

Timeline

8 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 105 days before the deadline
2025
Back to profit net €20,975 The net result is €20,975, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801602555
2024
Weakest financial year net -€2,225 The net result drops to -€2,225, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
IncorporationFounding capital of €5,000, 100 shares · Founder: Vannieuwenhuyze Sam Bart · Appointment: Vannieuwenhuyze Sam Bart (director) · published on 11-05-20238 points ▸

Open the deed in the Belgian Official Gazette

First establishment Steenstraat 49, Ardooie

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

On 9 May 2023, VNH CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 Vannieuwenhuyze Sam Bart has served as director since 2023.3 Total assets went from €117,884 in 2023 to €117,473 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 11-05-2023
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0801.602.555
VAT number
BE 0801.602.555
Peppol ID
0208:0801602555
Other Peppol ID
9925:BE0801602555
Legal form
Private limited company
Status
Active, normal situation
Founded
09-05-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
deed of 11-05-2023 (in Dutch)
Peppol
Reachable since 04-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VNH CONSTRUCT in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-05-2023 (in Dutch)
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”
deed of 11-05-2023 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
43999 Specialised construction activities main activity
43291 Specialised construction activities
43331 Floor and wall tiling
43390 Specialised construction activities
43994 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Algemene bouwwerken gaande van nieuwbouw tot alle verbouwingswerken en renovatiewerkzaamheden, funderings- en grondwerken, metsel- en…”
20 activities
  1. Algemene bouwwerken gaande van nieuwbouw tot alle verbouwingswerken en renovatiewerkzaamheden, funderings- en grondwerken, metsel- en betonwerken, plaatsen van vloeren en faiences, leggen van opritten en parkings in diverse materialen, slopingswerken, stukadoorswerken en cementerings-werken, schoorsteenbouw, alle marmer en arduinwerken
  2. Plaatsen van vloer en wandtegels, vloerbekleding en wandbekleding in alle materialen
  3. Het uitvoeren van loodgieterswerk en installeren en aansluiten van sanitaire apparaten en leidingen
  4. Het afwerken van gebouwen, waaronder het uitvoeren van stukadoorswerk, timmer- en schrijnwerk, tegelwerken en voegwerken, vloerafwerking, behangen, schilderen, glaszetten, het reinigen van gebouwen na beëindiging van de werkzaamheden
  5. Het uitvoeren van elektrotechnische installatiewerken, onder andere aan gebouwen
  6. Het installeren van verwarming, klimaatregeling en ventilatiesystemen
  7. Het isoleren van gebouwen
  8. Verhuring van machines en gereedschap
  9. Aan- en verkoop van algemene bouwmaterialen, dit in de ruimste zin van het woord, dit zowel in groot- als kleinhandel, of als tussenpersoon als commissionair, dit zowel in het binnen- en buitenland
  10. Alle mogelijke activiteiten en verrichtingen, al dan niet in onderaanneming, die rechtstreeks of onrechtstreeks verband houden met: de bouwsector, onder meer nieuwbouw, ruwbouw, renovatie, afbraak, herstel, verfraaiing en modernisering van onroerende goederen
  11. De ontwikkeling van residentiële bouwprojecten, projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken, project-ontwikkeling voor de bouw van appartementsgebouwen
  12. Het aanbieden van diensten aan derden in de ruime context van de bouw-, renovatie- en woonsector, met inbegrip van het verstrekken van informatie, technische expertise, advies en bijstand verlenen
  13. Het verlenen van diensten en adviezen aan derden op operationeel, organisatorisch, technisch, commercieel, administratief en financieel vlak, in de meest ruime zin; het verlenen van bijstand en ondersteunende diensten, zonder enige beperking, aan personen, bedrijven en de overheid, rechtstreeks of onrechtstreeks, op vlak van administratie, informatica, marketing, verkoop, promotie, productie en algemeen bestuur in de ruimste zin; markt- en opinie-onderzoeksbureau, marketingbureau, publiciteitsagentschap; adviesbureau bedrijfsvoering; studiebureau, rekruteringsbureau voor personeelsselectie en plaatsing; arbeidsbemiddeling, uitzendbureau, algemene audit-activiteiten en overige dienstverlenende activiteiten op vlak van informatie
  14. De aan- en verkoop, in- en uitvoer, huur en verhuring, commissiehandel en vertegenwoordiging van om het even welke goederen en diensten, in het kort tussenpersoon in de handel; handelsbemiddeling, gespecialiseerd in overige goederen, al dan niet via gebruik van webshop
  15. De vennootschap zal rechtstreeks of onrechtstreeks mogen participaties verwerven, belangen nemen in of deelnemen aan de werking van andere vennootschappen of bedrijven en dit door inbreng, versmelting, samenwerking, participatie of op gelijk welke andere wijze, rechtstreeks of onrechtstreeks
  16. Zij zal opdrachten als bestuurder, beheerder, vereffenaar of commissaris, of van gelijk welke opdrachten en functies in andere vennootschappen en/of verenigingen kunnen waarnemen
  17. Het bezitten, plaatsen en beheren van kapitalen, van investeringen van alle aard, van vermogen, bestaande zowel uit onroerende goederen, alle zakelijke rechten daarop en onverdeelde rechten daarin, als uit effecten, portefeuillewaarden, meubilair en andere roerende goederen, ook speciën, alle intellectuele rechten en andere onlichamelijke goederen
  18. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht), zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën, de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende en roerende goederen te bevorderen
  19. Het onderzoek, de ontwikkeling, de vervaardiging, het verhandelen of de commercialisering van nieuwe of bestaande producten, technologieën en hun toepassingen in de meest brede zin van het woord
  20. De vennootschap mag leningen verstrekken aan derden of waarborgen stellen voor derden. De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak
deed of 11-05-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Steenstraat 49 registered office 8851 Ardooie 09-05-2023 2.346.114.947

Buildings and parcels at the address

Ground area
937 m²
Buildings
130 m²
Volume, LiDAR
596 m³
Tallest building
8.7 m
Buildings to scale, each on its own parcel
130 m², 8.7 m 130 m², 8.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
37005B0023/00B000936 m² 1 · 130 m² 8.7 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0801.602.555