Equity
Vos Construct has made a profit in every financial year since 2022.
Vos Construct has made a profit in every financial year since 2022.
The micro format states no turnover.
Debts rose by €63,466 in 2025.
In 2025, 1 person joined and 2 left.
The last four annual accounts were filed 0 to 6 days before the end of the period.
Higher gross margin than 93% of companies in specialised construction. Sector median €39,317 · 35,079 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 36% of them on solvency, 12% on liquidity, 47% on profitability and 62% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 5,047 companies had the same profile as Vos Construct has now. Each dot stands for 13 companies, two years later.
That fits the bankruptcy probability of Vos Construct itself: 2.7% within 12 months.
The method was tested on the 497,447 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.
| 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 5,047 companies, not a prediction for Vos 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.
Liquidity is tight, with a current ratio of 1.34 (1.39 in 2024), below the usual 1.5. Short-term debt is 59.8% and cash 1.9% of total assets. 65.7% of the assets are financed with debt and provisions.
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.
The company filed its last 4 accounts on average 2 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.
| Company | ||||
|---|---|---|---|---|
| Vos Construct Zoersel | €339,935 | €249,301 | 34.3% | - |
| MOMMAERS CONSTRUCT Zandhoven | €417,719 | €279,472 | 75.5% | - |
| Peje Antwerp | €462,153 | €290,512 | 4.0% | - |
| Bauunternehmen RITTER Torsten Butgenbach | €294,909 | €204,382 | 62.4% | - |
| DESBULEUX Hamois | €431,992 | €234,468 | 5.8% | - |
| Coolen-Keulers Bouwonderneming Riemst | €467,545 | €233,347 | 58.3% | - |
| HJ TRAVAUX Bastogne | €400,070 | €257,441 | 71.5% | - |
These companies have the same main activity as Vos Construct: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €295,000 and €468,000, founded between 2019 and 2022.
Vos Construct files the micro format. That format states no turnover. The gross margin rose from €100,015 in 2022 to €249,301 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €930,000. Estimated: probably between €640,000 and €1.7m.
Higher than 36% of 35,119 companies in 2025.
Higher than 35% of 34,493 companies in 2025.
Higher than 42% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
339,935 | 261,066 | 290,315 | 129,827 | |
21/28 |
68,469 | 87,723 | 68,821 | 26,553 | |
22/27 |
68,069 | 87,323 | 68,621 | 26,553 | |
23 |
18,365 | 24,392 | 23,817 | 14,480 | |
24 |
34,222 | 39,365 | 44,804 | 12,073 | |
25 |
15,482 | 23,565 | - | - | |
28 |
400 | 400 | 200 | - | |
29/58 |
271,466 | 173,343 | 221,494 | 103,274 | |
3 |
22,459 | 15,122 | - | - | |
30/36 |
22,459 | 15,122 | - | - | |
40/41 |
241,630 | 147,678 | 196,011 | 91,514 | |
40 |
221,822 | 147,678 | 196,011 | 91,514 | |
41 |
19,808 | - | - | - | |
54/58 |
6,566 | 9,680 | 20,701 | 9,544 | |
490/1 |
811 | 863 | 4,781 | 2,216 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
339,935 | 261,066 | 290,315 | 129,827 | |
10/15 |
116,515 | 101,111 | 68,383 | 52,691 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
113,515 | 98,111 | 65,383 | 49,691 | |
133 |
113,515 | 98,111 | 65,383 | 49,691 | |
17/49 |
223,420 | 159,954 | 221,932 | 77,137 | |
17 |
20,127 | 35,142 | 31,107 | 6,444 | |
170/4 |
20,127 | 35,142 | 31,107 | 6,444 | |
42/48 |
203,279 | 124,812 | 190,575 | 70,192 | |
42 |
15,015 | 14,720 | 8,494 | 1,955 | |
44 |
130,272 | 71,037 | 142,611 | 29,865 | |
440/4 |
130,272 | 71,037 | 142,611 | 29,865 | |
45 |
28,615 | 34,894 | 39,345 | 35,600 | |
450/3 |
23,318 | 27,624 | 35,347 | 33,740 | |
454/9 |
5,297 | 7,271 | 3,998 | 1,860 | |
47/48 |
29,377 | 4,161 | 125 | 2,773 | |
492/3 |
13 | - | 250 | 500 | |
| Income statement | |||||
9900 |
249,301 | 222,712 | 152,370 | 100,015 | |
62 |
190,401 | 153,011 | 116,206 | 28,893 | |
630 |
29,750 | 20,624 | 11,177 | 2,862 | |
640/8 |
1,416 | 913 | 712 | 80 | |
66A |
1,636 | - | 648 | - | |
9901 |
26,099 | 48,164 | 23,627 | 68,181 | |
75/76B |
82 | 685 | 330 | 709 | |
75 |
82 | 685 | 330 | 709 | |
65/66B |
1,588 | 1,992 | 854 | 602 | |
65 |
1,588 | 1,992 | 854 | 602 | |
9903 |
24,593 | 46,858 | 23,103 | 68,288 | |
67/77 |
9,189 | 14,129 | 7,411 | 18,597 | |
9904 |
15,404 | 32,729 | 15,692 | 49,691 | |
9905 |
15,404 | 32,729 | 15,692 | 49,691 | |
| Appropriation of the result | |||||
9906 |
15,404 | 32,729 | 15,692 | 49,691 | |
691/2 |
15,404 | 32,729 | 15,692 | 49,691 | |
6921 |
15,404 | 32,729 | 15,692 | 49,691 | |
| Social balance sheet | |||||
9087 |
4.8 | 2.6 | 1.9 | 1 | |
Hours worked1013 |
4,522 | 4,081 | 3,667 | 971 | |
| Document | |||||
The notes to these accounts have 9 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 30-01-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 55,849 | 68,788 | 34,803 | 71,043 | ||
| 45,154 | 53,352 | 26,869 | 52,553 | ||
| 10,496 | 39,525 | 57,593 | 29,415 | ||
| -3,113 | -11,021 | 11,157 | - | ||
| 68,186 | 48,531 | 30,918 | 33,082 | ||
| 34.3% | 38.7% | 23.6% | 40.6% | ||
| 1.34 | 1.39 | 1.16 | 1.47 | ||
| 1.22 | 1.27 | 1.16 | 1.47 | ||
| 1.92 | 1.58 | 3.25 | 1.46 | ||
| 13.2% | 32.4% | 22.9% | 94.3% | ||
| 4.5% | 12.5% | 5.4% | 38.3% | ||
| 35.18 | 34.53 | 40.74 | over 100 |
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 | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 4 | 2 | 1 |
| full-time | 6 | 4 | 2 | 1 |
| in full-time equivalents | 6 | 4 | 2 | 1 |
| 4.8 | 2.6 | 1.9 | 1 | |
| On a permanent contract | 6 | 4 | 2 | 1 |
| Joined | 1 | 3 | 1 | 1 |
| Left | 2 | 1 | 0 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | €34,745 | €34,745 | €34,745 | - |
| Carrying value of the mortgaged assets | €18,658 | €25,607 | €32,556 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €10,496 | €39,325 | €57,393 | €29,415 |
| Financial fixed assets | - | €200 | €200 | - |
| €29,750 | €20,624 | €11,177 | €2,862 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 46% lower than in 2024.
Debt's share of the balance-sheet total rises from 61.3% to 65.7%. Equity and debt are higher.
Vos Construct has no parent and no holdings in its annual accounts. Vos, Thomas Raymond Josepha is the only director. Vos Construct shares no director with another company.
| Julma management
registered office since 17-01-2025 · founded in 2025 |
total assets €18,311 (2025) 1018.850.089 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 2 March 2021, Vos Construct was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Halle-Zoersel.3 Vos, Thomas Raymond Josepha has served as director since 2021.4 Total assets went from €129,827 in 2022 to €339,935 in 2025 and headcount from 1 to 4.8 full-time equivalents.5
| Establishment | Since | Unit number |
|---|---|---|
| Hooidonkeinde 1 registered office 2980 Zoersel | 02-03-2021 | 2.314.102.076 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11017B0442/00B000 | 1,408 m² | 1 · 442 m² | 8.9 m · 2 |
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 0764.550.436
If something looks wrong or is missing, please tell us.