VPMConstruct
Annual accounts 2025
micro format, filed on 26-06-2026, 35 days before the deadline-€51,981
▼ €47,845
-€52,101
▼ €47,847
-€52,227
▼ €51,446
€238,680
▼ 16.8%
62.3%
▼ 9.3 percentage points
2.65
▼ 0.83
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance sheet
balance sheet total €383,184 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
62.3%
Higher than 74% of 17,194 companies in 2025.
2.65
Higher than 74% of 16,491 companies in 2025.
-13.6%
Higher than 8% of 16,870 companies in 2025.
VPMConstruct
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
383,184 | 406,290 | 425,289 | 1.0m | 3.1m | 832,181 | 419,117 | 151,646 | 970,118 | 698,950 | |
21/28 |
- | 4,200 | 4,200 | 4,200 | 4,200 | - | - | 916 | 3,082 | 2,750 | |
22/27 |
- | - | - | - | - | - | - | 916 | 3,082 | 2,750 | |
24 |
- | - | - | - | - | - | - | 916 | 3,082 | 2,750 | |
28 |
- | 4,200 | 4,200 | 4,200 | 4,200 | - | - | - | - | - | |
29/58 |
383,184 | 402,090 | 421,089 | 1.0m | 3.1m | 832,181 | 419,117 | 150,730 | 967,036 | 696,200 | |
3 |
- | 175,953 | 175,953 | 703,814 | 2.8m | 771,423 | 209,715 | 112,501 | 945,668 | 685,948 | |
30/36 |
- | 175,953 | 175,953 | 703,814 | 2.8m | 771,423 | 209,715 | 112,501 | 945,668 | 685,948 | |
40/41 |
335,000 | 225,076 | 242,995 | 21,524 | 352,562 | 47,954 | 48,177 | 14,987 | - | 7,537 | |
40 |
- | - | - | - | 277,831 | 1,098 | 3,263 | - | - | - | |
41 |
335,000 | 225,076 | 242,995 | 21,524 | 74,731 | 46,856 | 44,914 | 14,987 | - | 7,537 | |
54/58 |
48,184 | 1,061 | 2,141 | 298,903 | 36,862 | 12,804 | 9,842 | 23,242 | 4,146 | 1,732 | |
490/1 |
- | - | - | 425 | - | - | 151,383 | - | 17,221 | 983 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
383,184 | 406,290 | 425,289 | 1.0m | 3.1m | 832,181 | 419,117 | 151,646 | 970,118 | 698,950 | |
10/15 |
238,680 | 290,907 | 291,688 | 178,460 | -34,476 | 16,018 | 43,871 | -19,957 | -20,131 | 967 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
279,288 | 279,288 | 279,288 | 166,060 | 63,828 | 63,828 | 63,828 | - | - | - | |
133 |
279,288 | 279,288 | 279,288 | 166,060 | 63,828 | 63,828 | 63,828 | - | - | - | |
14 |
-53,008 | -781 | - | - | -110,703 | -60,210 | -32,357 | -32,357 | -32,531 | -11,433 | |
17/49 |
144,504 | 115,383 | 133,601 | 850,405 | 3.2m | 816,163 | 375,246 | 171,602 | 990,249 | 697,983 | |
17 |
- | - | - | 485,779 | 605,779 | 685,779 | - | - | - | - | |
170/4 |
- | - | - | 485,779 | 605,779 | 685,779 | - | - | - | - | |
42/48 |
144,504 | 115,383 | 133,601 | 364,626 | 2.3m | 130,385 | 375,246 | 171,602 | 990,249 | 697,983 | |
43 |
- | - | - | - | 2.0m | - | - | - | 860,000 | 625,000 | |
430/8 |
- | - | - | - | 2.0m | - | - | - | 860,000 | 625,000 | |
44 |
- | - | 545 | 16,151 | 60,420 | 183 | 46,425 | - | 1,018 | 33 | |
440/4 |
- | - | 545 | 16,151 | 60,420 | 183 | 46,425 | - | 1,018 | 33 | |
45 |
31,728 | 2,785 | 48,040 | 247,048 | 1,951 | 25,113 | 25,051 | 145,973 | 984 | - | |
450/3 |
31,728 | 2,785 | 48,040 | 247,048 | 1,951 | 25,113 | 25,051 | 145,973 | 984 | - | |
47/48 |
112,776 | 112,598 | 85,016 | 101,428 | 259,166 | 105,088 | 303,770 | 25,629 | 128,247 | 72,950 | |
492/3 |
- | - | - | - | 283,501 | - | - | - | - | - | |
| Income statement | |||||||||||
76A |
- | - | - | 75 | - | - | - | - | - | - | |
9900 |
-51,981 | -4,136 | 168,092 | 304,137 | -12,323 | -14,377 | 89,929 | 14,826 | 3,921 | -4,801 | |
630 |
- | - | - | - | - | - | 916 | 2,166 | 2,416 | 1,750 | |
640/8 |
120 | 118 | 109 | 452 | 101 | 297 | 98 | 96 | 94 | 92 | |
9901 |
-52,101 | -4,254 | 167,983 | 303,685 | -12,424 | -14,674 | 88,915 | 12,564 | 1,411 | -6,643 | |
75/76B |
- | 3,605 | - | - | - | - | - | - | - | - | |
75 |
- | 3,605 | - | - | - | - | - | - | - | - | |
65/66B |
126 | 131 | 139 | 32,049 | 38,007 | 13,117 | 36 | 12,100 | 22,510 | 4,790 | |
65 |
126 | 131 | 139 | 32,049 | 38,007 | 13,117 | 36 | 12,100 | 22,510 | 4,790 | |
9903 |
-52,227 | -781 | 167,844 | 271,636 | -50,432 | -27,791 | 88,879 | 464 | -21,099 | -11,433 | |
67/77 |
- | - | 54,616 | 58,700 | 62 | 62 | 25,051 | 290 | - | - | |
9904 |
-52,227 | -781 | 113,228 | 212,936 | -50,494 | -27,853 | 63,828 | 175 | -21,099 | -11,433 | |
9905 |
-52,227 | -781 | 113,228 | 212,936 | -50,494 | -27,853 | 63,828 | 175 | -21,099 | -11,433 | |
| Appropriation of the result | |||||||||||
9906 |
-53,008 | -781 | 113,228 | 102,233 | -110,703 | -60,210 | 31,471 | -32,357 | -32,531 | -11,433 | |
14P |
-781 | - | - | -110,703 | -60,210 | - | - | - | - | - | |
691/2 |
- | - | 113,228 | 102,233 | - | - | 63,828 | - | - | - | |
6921 |
- | - | 113,228 | 102,233 | - | - | 63,828 | - | - | - | |
| 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 26-06-2026.
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 | 26-06-2026 | 2026-00202969 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00180663 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00121304 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00147238 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20081106 | |
| 31-12-2020 | abbreviated format | 14-07-2021 | 2021-35200013 | |
| 31-12-2019 | abbreviated format | 16-07-2020 | 2020-30600334 | |
| 31-12-2018 | abbreviated format | 20-06-2019 | 2019-20800016 | |
| 31-12-2017 | abbreviated format | 05-06-2018 | 2018-16300519 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-18700088 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | 89,831 | 14,730 | 3,827 | -4,893 | ||
| - | - | - | - | - | - | 64,744 | 2,341 | -18,683 | -9,683 | ||
| - | - | - | - | 4,200 | - | 0 | 0 | 2,748 | 4,500 | ||
| 47,123 | -1,080 | -296,762 | 262,041 | 24,058 | 2,962 | -13,400 | 19,095 | 2,414 | - | ||
| 238,680 | 286,707 | 287,488 | 660,039 | 850,604 | 701,797 | 43,871 | -20,873 | -23,213 | -1,783 | ||
| 62.3% | 71.6% | 68.6% | 17.3% | -1.1% | 1.9% | 10.5% | -13.2% | -2.1% | 0.1% | ||
| 2.65 | 3.48 | 3.15 | 2.81 | 1.37 | 6.38 | 1.12 | 0.88 | 0.98 | 1.00 | ||
| 2.65 | 1.96 | 1.83 | 0.88 | 0.17 | 0.47 | 0.56 | 0.22 | 0.02 | 0.01 | ||
| 0.61 | 0.40 | 0.46 | 4.77 | - | 50.95 | 8.55 | - | - | - | ||
| -21.9% | -0.3% | 38.8% | 119.3% | - | -173.9% | 145.5% | - | - | - | ||
| -13.6% | -0.2% | 26.6% | 20.7% | -1.6% | -3.3% | 15.2% | 0.1% | -2.2% | -1.6% |
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| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €4,200 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VPMConstruct
The operating result for 2025 is a loss of €52,101, larger than the loss of €4,254 in 2024. It is the lowest result since 2016.
Debt's share of the balance-sheet total rises from 28.4% to 37.7%. Equity is lower and debt is higher.