Turnover
Turnover rose in 2025 from €104,230 to €175,468.
Turnover rose in 2025 from €104,230 to €175,468.
Less equity than 90% of companies in construction of buildings. Sector median €648,117 · 1,037 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 7 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 41, micro). It does better than 19% of them on solvency, 4% on liquidity, 32% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 7,976 companies had the same profile as VPM CONSTRUCT has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VPM CONSTRUCT itself is higher: 7.0% within 12 months. It rests on far more data about VPM CONSTRUCT than the profile alone.
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 7,976 companies, not a prediction for VPM 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 1.12 (1.06 in 2024), below the usual 1.5. Short-term debt is 88.9% of total assets. 88.9% 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 2 accounts on average 31 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VPM CONSTRUCT Charleroi | €29,842 | €5,584 | 11.1% | - |
| G-Infra Zele | €30,230 | €5,427 | 31.9% | - |
| Renecovation Antwerp | €32,285 | €5,176 | 71.8% | - |
| DEHUIZENEXPERT Schoten | €26,833 | €5,945 | 39.4% | - |
| RMS CONSTRUCT Vilvoorde | €30,789 | €5,265 | 70.2% | - |
| BF TEAM Sint-Pieters-Leeuw | €26,135 | €5,532 | 29.3% | - |
| Van Olmen Johny Tessenderlo-Ham | €31,322 | €6,985 | 80.6% | - |
These companies have the same main activity as VPM CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €26,100 and €32,300, founded in 2023.
The computed 12-month bankruptcy probability of VPM CONSTRUCT is 7.0% (elevated). The 2025 annual accounts show equity of €3,309 and a net result of €2,228.
Its solvency ranks better than 19% of 1,037 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 19% of 1,037 companies in 2025.
Higher than 29% of 1,016 companies in 2025.
Higher than 72% of 1,032 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
29,842 | 17,172 | |
21/28 |
- | 125 | |
28 |
- | 125 | |
29/58 |
29,842 | 17,047 | |
40/41 |
86 | 3,406 | |
40 |
- | 3,406 | |
41 |
86 | - | |
50/53 |
29,756 | - | |
54/58 |
- | 13,641 | |
| Balance sheet: equity and liabilities | |||
10/49 |
29,842 | 17,172 | |
10/15 |
3,309 | 1,081 | |
10/11 |
3,000 | 3,000 | |
10 |
3,000 | 3,000 | |
100 |
3,000 | 3,000 | |
14 |
309 | -1,919 | |
17/49 |
26,533 | 16,091 | |
42/48 |
26,533 | 16,091 | |
44 |
25,293 | 14,422 | |
440/4 |
25,293 | 14,422 | |
45 |
750 | - | |
450/3 |
750 | - | |
47/48 |
490 | 1,669 | |
| Income statement | |||
70 |
175,468 | 104,230 | |
76A |
4 | - | |
9900 |
5,584 | 1,455 | |
60/61 |
169,884 | 102,775 | |
62 |
634 | 2,444 | |
640/8 |
400 | 772 | |
66A |
1,510 | 3 | |
9901 |
3,040 | -1,764 | |
65/66B |
62 | 155 | |
65 |
62 | 155 | |
9903 |
2,978 | -1,919 | |
67/77 |
750 | - | |
9904 |
2,228 | -1,919 | |
9905 |
2,228 | -1,919 | |
| Appropriation of the result | |||
9906 |
309 | -1,919 | |
14P |
-1,919 | - | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00474336.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 125 | ||
| 3,309 | 956 | ||
| 1.7% | -1.7% | ||
| 11.1% | 6.3% | ||
| 1.12 | 1.06 | ||
| 8.02 | 14.89 | ||
| 67.3% | -177.5% | ||
| 7.5% | -11.2% | ||
| 0 days | 12 days | ||
| 54 days | 51 days |
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 | 2025 | 2024 |
|---|---|---|
| Financial fixed assets | - | €125 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €3,040, after a loss of €1,764 in 2024.
Debt's share of the balance-sheet total falls from 93.7% to 88.9%. Equity and debt are higher.
VPM CONSTRUCT has no parent and no holdings in its annual accounts. VPM CONSTRUCT shares no director with another company.
| LEADER CONCEPT & CIE
registered office since 17-01-2011 · founded in 2010 |
turnover €742,045 (2025) 0832.217.141 |
| FOUFIMMO
registered office since 27-06-2023 · founded in 2023 |
turnover €1,350 (2025) 0803.215.329 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chaussée de Courcelles 301 registered office 6041 Charleroi | 18-09-2023 | 2.350.853.495 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52028A0040/00N000 | 278 m² | 1 · 124 m² | 10.6 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 0805.935.881
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