VPM CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of VPM CONSTRUCT is 2.8% (moderate). The 2025 annual accounts show equity of €3k and a net result of €2k. Its solvency ranks better than 18% of 830 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+46
Solvency36▲+5
Growth85
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12 against 1.06 in 2024; short-term debt: 88.9% of total assets), and 88.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 830 sector peers (2025).
NBB · sector comparisonPosition among 830 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 2 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€175k▲ 68.3%
2024 · €104k
2024: €104k
2024 → 2025
EBIT margin
1.7%▲ 3.4pp
2024 · -1.7%
2024: -1.7%
2024 → 2025
Net result
€2k
2024 · €-2k
2024: €-2k
2024 → 2025
Working capital
€3k▲ 246%
2024 · €956
2024: €956
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€104k-€175k▲ 68.3%
Equity€1k-€3k▲ 206%
Operating result€-2k-€3k
Net result€-2k-€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30k
Equity
€3k▲ 206%
Debt
€27k▲ 64.9%
The debt ratio falls from 93.7% to 88.9%. Equity and debt are higher.
Key figures and ratios
Solvency
11.1%▲
2024 · 6.3%
Current ratio
1.12▲
2024 · 1.06
Quick ratio
1.12▲
2024 · 1.06
Debt / equity
8.02▼
2024 · 14.89
ROE
67.3%▲
2024 · -177.5%
ROA
7.5%▲
2024 · -11.2%
Debt
€27k▲
2024 · €16k
Debt ≤ 1 year
€27k▲
2024 · €16k
Income taxes
€750
Staff costs
€634▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17k€30k▲
Fixed assets21/28€125-
Financial fixed assets28€125-
Current assets29/58€17k€30k▲
Amounts receivable within one year40/41€3k€86▼
Trade receivables40€3k-
Other amounts receivable41-€86
Current investments50/53-€30k
Cash at bank and in hand54/58€14k-
Equity and liabilities
Total equity and liabilities10/49€17k€30k▲
Equity10/15€1k€3k▲
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Profit (loss) carried forward14€-2k€309▲
Amounts payable17/49€16k€27k▲
Amounts payable within one year42/48€16k€27k▲
Trade debts44€14k€25k▲
Suppliers440/4€14k€25k▲
Taxes, remuneration and social security45-€750
Taxes450/3-€750
Other amounts payable47/48€2k€490▼
Income statement
Code20242025
Turnover70€104k€175k▲
Non-recurring operating income76A-€4
Goods, raw materials, services and sundry goods60/61€103k€170k▲
Remuneration, social security and pensions62€2k€634▼
Other operating charges640/8€772€400▼
Non-recurring operating charges66A€3€2k▲
Gross operating margin9900€1k€6k▲
Operating profit (loss)9901€-2k€3k▲
Financial charges65/66B€155€62▼
Recurring financial charges65€155€62▼
Profit (loss) for the period before taxes9903€-2k€3k▲
Income taxes67/77-€750
Profit (loss) for the period9904€-2k€2k▲
Profit (loss) for the period to be appropriated9905€-2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€309▲
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Courcelles 3016041 CharleroiGround area
279 m²
Building footprint
124 m²
Volume, LiDAR
751 m³
Parcel 52028A0040/00N000, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VPM CONSTRUCT
since 20232.350.853.495
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0040/00N000 | Wallonia | 278 m² | 1 · 124 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
InStyle Project
BE 0553.930.772
Tienen · Eq €3k
DAVIBAT CONSTRUCTION
BE 0727.757.049
Herstal · Eq €3k
D & I TOITURE
BE 1011.132.552
Sint-Pieters-Leeuw · Eq €3k
RDH CONSTRUCTIONS
BE 0768.820.020
Herstal · Eq €3k
BOUWWERKEN KRISTOF PAUWELS
BE 0765.709.882
Lievegem · Eq €3k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 4,919 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.