VP CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VP CONSTRUCT is 2.7% (moderate). The 2025 annual accounts show equity of €102,509 and a net result of €23,462. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 2,547 sector peers (NACE 71, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €102,509
- Profit
- €23,462
- Parent
- VP Invest · 100%
- VP Invest BVDirector
Why 51raises risk2 changes of registered office in 24 monthsLiquidity: current ratio 1.85, cash €455lowers riskSize: total assets €712,634Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 18% on solvency, 17% on liquidity, 20% on profitability and 94% on growth.
The bankruptcy probability was computed on 26-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 2 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €23,462
- Liquidity more than triplescurrent ratio 1.85
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €44,522 after a loss of €39,310 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 4,107 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98.0% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,107 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €33,276 | €47,253 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €161 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,691 | €28,260 | €25,592 | €21,503 | €12,985 | €12,789 | €12,595 | ▼ 1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €10,626 | - | - | - | - |
| Other operating charges640/8 | - | - | €2,249 | €11,447 | €9,949 | €3,657 | €3,803 | ▲ 4.0% |
| Non-recurring operating charges66A | - | - | €375 | €448 | €3,193 | €0 | - | - |
| Gross operating margin9900 | €131,495 | €47,868 | -€48,917 | -€65,088 | €5,979 | -€22,864 | €60,921 | - |
| Operating profit (loss)9901 | €6,084 | €15,164 | -€77,294 | -€109,112 | -€20,148 | -€39,310 | €44,522 | - |
| Financial income75/76B | - | - | €257 | €323 | €318 | €0 | €16 | - |
| Recurring financial income75 | €361 | €823 | €257 | €323 | €318 | €0 | €16 | - |
| Financial charges65/66B | - | - | €9,627 | €26,233 | €33,555 | €22,581 | €21,076 | ▼ 6.7% |
| Recurring financial charges65 | €7,457 | €15,321 | €9,627 | €26,233 | €33,555 | €22,581 | €21,076 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | -€1,011 | €667 | -€86,665 | -€135,022 | -€53,384 | -€61,891 | €23,462 | - |
| Income taxes67/77 | €2,328 | €498 | -€10 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€3,339 | €169 | -€86,655 | -€135,022 | -€53,384 | -€61,891 | €23,462 | - |
| Transfer from tax-exempt reserves789 | - | - | €54 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,339 | €169 | -€86,601 | -€135,022 | -€53,384 | -€61,891 | €23,462 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.7m | €0.8m | €1.3m | €1.2m | €0.6m | €0.5m | €0.7m | ▲ 45.4% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Land and buildings22 | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 4.0% |
| Plant, machinery and equipment23 | - | - | €0.004m | €0.003m | - | - | - | - |
| Furniture and vehicles24 | - | - | €0.01m | €0.006m | €194 | €0 | - | - |
| Financial fixed assets28 | €0.01m | - | €0.002m | - | - | - | - | - |
| Current assets29/58 | €0.4m | €0.6m | €0.9m | €0.8m | €0.3m | €0.2m | €0.4m | ▲ 135% |
| Stocks and contracts in progress3 | €0.02m | €0.07m | €0.3m | €0.6m | €0.07m | €0.07m | €0.3m | ▲ 310% |
| Stocks30/36 | - | - | €0.3m | €0.4m | €0.07m | €0.07m | €0.3m | ▲ 310% |
| Contracts in progress37 | - | - | €0.04m | €0.2m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.6m | €0.1m | €0.2m | €0.1m | €0.09m | ▼ 12.4% |
| Trade receivables40 | - | - | €0.5m | €0.1m | €0.2m | €0.09m | €0.08m | ▼ 14.3% |
| Other amounts receivable41 | - | - | €0.01m | €0.01m | - | €0.004m | €0.006m | ▲ 29.2% |
| Cash at bank and in hand54/58 | €0.1m | €0.05m | €0.02m | €0.001m | €0.002m | €0 | €455 | - |
| Deferred charges and accrued income490/1 | - | - | €0.03m | €0.04m | €0.01m | €0.009m | €0.05m | ▲ 495% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.7m | €0.8m | €1.3m | €1.2m | €0.6m | €0.5m | €0.7m | ▲ 45.4% |
| Equity10/15 | €0.1m | €0.1m | €0.03m | -€0.1m | -€0.2m | -€0.2m | €0.1m | - |
| Contributions10/11 | €0.03m | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.3m | ▲ 13× |
| Reserves13 | €0.02m | €0.02m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | €57 | €57 | €57 | €57 | €57 | = |
| Distributable reserves133 | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.09m | €0.09m | €0.002m | -€0.1m | -€0.2m | -€0.2m | -€0.2m | ▲ 9.4% |
| Amounts payable17/49 | €0.5m | €0.7m | €1.2m | €1.3m | €0.7m | €0.7m | €0.6m | ▼ 14.2% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.7m | €0.7m | €0.3m | €0.4m | €0.4m | ▼ 3.1% |
| Financial debts170/4 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 8.3% |
| Other amounts payable178/9 | - | - | €0.3m | €0.4m | €0.02m | €0.1m | €0.1m | ▲ 8.2% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | €0.6m | €0.6m | €0.4m | €0.3m | €0.2m | ▼ 29.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 1.8% |
| Financial debts43 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Credit institutions430/8 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.4% |
| Trade debts44 | €0.1m | €0.2m | €0.3m | €0.4m | €0.2m | €0.1m | €0.02m | ▼ 81.7% |
| Suppliers440/4 | - | - | €0.3m | €0.4m | €0.2m | €0.1m | €0.02m | ▼ 81.7% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.001m | €0.002m | €0.01m | €348 | ▼ 96.8% |
| Taxes450/3 | - | - | €0.01m | €0.001m | €0.002m | €0.01m | €348 | ▼ 96.8% |
| Other amounts payable47/48 | - | - | €0.06m | €0.06m | €0.02m | €0.03m | €0.03m | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | - | €0.002m | €0.01m | €0.03m | €0.02m | €0.02m | ▲ 8.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,339 | €169 | -€86,655 | -€135,022 | -€53,384 | -€61,891 | €23,462 | - |
| + Depreciation and write-downs630 | €27,691 | €28,260 | €25,592 | €21,503 | €12,985 | €12,789 | €12,595 | ▼ 1.5% |
| Operating cash flow (approximation) | €24,352 | €28,429 | -€61,063 | -€113,519 | -€40,400 | -€49,102 | €36,057 | - |
| Investment in fixed assets (approximation) | - | €1,845 | -€130,293 | €2,000 | €8,753 | €0 | €0 | - |
| Change in cash | - | -€91,116 | -€34,126 | -€17,119 | €1,475 | -€2,251 | €455 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 30-04-2026 | 2026-00100467 |
| 30-09-2024 | abbreviated format | 25-04-2025 | 2025-00078065 |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00078127 |
| 30-09-2022 | abbreviated format | 02-05-2023 | 2023-00077109 |
| 30-09-2021 | abbreviated format | 22-04-2022 | 2022-20008003 |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12500513 |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11000228 |
| 30-09-2018 | abbreviated format | 19-03-2019 | 2019-07300519 |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-11000287 |
| 30-09-2016 | abbreviated format | 08-04-2017 | 2017-09100515 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VP Invest BVfrom an act |
|
| Building Group BV |
|
Owners and capital
Owners
1 ownerChain of control
- VP Invest
- VP CONSTRUCT
Highest known parent: VP Invest. The sources do not say who stands above it.
Owners 1
- VP Investparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
05-09
Gazette deed
Purpose · Name · MiscellaneousName change · Purpose change · Board report5 facts ▸
- General meeting, 03-09-2025
- Name change, VP CONSTRUCT
- Purpose change
- Board report, “kennisname en goedkeuring verslag bestuursorgaan, artikel 5:101 WVV” (deed in Dutch)
- Capital increase, €300,000
12-03
Gazette deed
Resignation: Building Group BV (director)Permanent representatives: Bastiaensen Dennis and Hoeck Philippe · Registered-office move · Director discharge7 facts ▸
- General meeting, 01-02-2025
- Registered-office move, Langestraat 99/3,2240 Zandhoven
- Director resignation, Building Group BV (director)
- Director discharge, Building Group BV
- Permanent representative, Bastiaensen Dennis
- Director in office, VP Invest BV (director)
- Permanent representative, Hoeck Philippe
31-01
Gazette deed
Permanent representative: Nuyts TanguyRegistered-office move4 facts ▸
- General meeting, 02-12-2024
- Registered-office move, Lilsedijk 21,2340 Beerse
- Director in office, Building Group BV (director)
- Permanent representative, Nuyts Tanguy
12-06
Gazette deed
Permanent representative: Bastiaensen DennisRegistered-office move4 facts ▸
- General meeting, 28-11-2022
- Registered-office move, Korenbloemlaan 8+,2390 Malle
- Permanent representative, Bastiaensen Dennis
- Director in office, Building Group BV (director)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0889.392.307
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11054C0003/00F009 | Flanders | 981 m² | 1 · 263 m² | 6.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “D) het deelnemen in en het waarnemen van alle bestuursopdrachten, het uitoefenen van mandaten en functies in andere vennootschappen of…” (deed in Dutch)
11 activities (deed in Dutch)
- D) het deelnemen in en het waarnemen van alle bestuursopdrachten, het uitoefenen van mandaten en functies in andere vennootschappen of ondernemingen
- E) het verhuren of huren al of niet onder het BTW-stelsel, aan –en verkoop van roerende en onroerende goederen en rechten, evenals alle activiteiten die betrekking hebben op onroerende leasing;
- F) het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa;
- G) het afsluiten van lijfrenteovereenkomsten evenals het doen van periodieke uitkeringen en uitvoeren van pensioenregelingen;
- H) het toestaan of opnemen van leningen en kredietopeningen al dan niet onder hypothecair verband, het verstrekken van zekerheden ook voor schulden van derden, waaronder begrepen hypothecaire zekerheid op haar toebehorende goederen voor schulden aan derden aan één of meer van haar zuster- of dochtervennootschappen, dan wel voor schulden van derden van (andere) natuurlijke personen of rechtspersonen, alsook het zich hoofdelijk of als borg mede verbinden en aval verlenen voor die schulden;
- I) het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, in de ruimste zin, met uitzondering van adviesverschaffing betreffende beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratieve en financiën, verkoop, productie en algemeen bestuur; het verlenen van alle dienstprestaties en het uitvoeren van alle opdrachten onder de vorm van organisatiestudies, expertises, technische handelingen en raadgevingen of andere op eender welk vlak binnen het voorwerp;
- De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de wettelijke bepalingen terzake;
- Bovenvermelde opsomming is niet beperkend zodat de vennootschap alle handelingen kan stellen van commerciële, industriële, onroerende en financiële aard, die rechtstreeks of onrechtstreeks met dit voorwerp verwant of verknocht zijn of op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp;
- 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;
- De vennootschap mag alle handels, nijverheids-, financiële, roerende en onroerende zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp;
- De vennootschap kan tot de verwezenlijking van dit voorwerp alle noodzakelijke en nuttige verrichtingen of maatregelen nemen, gelijkaardige of aanverwante ondernemingen, evenals niet aanverwante ondernemingen verwerven, in dergelijke ondernemingen deelnemen.
- Name clauseThe name the company operates under according to its articles.
- VP CONSTRUCT