VPV CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of VPV CONSTRUCT is 2.3% (moderate). For VPV CONSTRUCT, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €251,034 and a net result of €20,180. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 3560 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability70▼-20
Solvency82▼-4
Growth68=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.7%
Return on assets
4.6%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 240 days later.
NBB · 7 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 21-10-2025, 263 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
263 d late
2023
15 d late
2022
12 d early
2021
4 d early
2020
4 d early
2019
36 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€422,539▲ 28.8%
2022 · €327,957
EBIT margin
16.6%▲ 2.4pp
2022 · 14.2%
Net result
€20,180▼ 63.6%
2023 · €55,488
Working capital
€193,112▲ 43.4%
2023 · €134,651
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€241,873€302,684▲ 25.1%€327,957▲ 8.3%€422,539▲ 28.8%
Operating result€12,048▼ 93.4%€47,115▲ 291%€46,540▼ 1.2%€70,051▲ 50.5%€42,797▼ 38.9%
Net result€8,306within the sector's middle half▼ 94.3%€32,564above the sector's middle half▲ 292%€32,702within the sector's middle half▲ 0.4%€55,488above the sector's middle half▲ 69.7%€20,180within the sector's middle half▼ 63.6%
EBIT margin5.0%15.6%▲ 10.6pp14.2%▼ 1.4pp16.6%▲ 2.4pp
Equity€168,047above the sector's middle half▲ 5.2%€200,611above the sector's middle half▲ 19.4%€233,314within the sector's middle half▲ 16.3%€250,854above the sector's middle half▲ 7.5%€251,034within the sector's middle half▲ 0.1%
Total assets€317,442above the sector's middle half▲ 27.4%€346,310above the sector's middle half▲ 9.1%€385,299within the sector's middle half▲ 11.3%€411,412above the sector's middle half▲ 6.8%€442,480within the sector's middle half▲ 7.6%
Debt€149,395▲ 67.0%€145,699▼ 2.5%€151,985▲ 4.3%€160,558▲ 5.6%€191,446▲ 19.2%
Working capital€153,824above the sector's middle half▲ 4.3%€201,405above the sector's middle half▲ 30.9%€158,032within the sector's middle half▼ 21.5%€134,651above the sector's middle half▼ 14.8%€193,112within the sector's middle half▲ 43.4%
Solvency52.9%within the sector's middle half▼ 11.2pp57.9%within the sector's middle half▲ 5.0pp60.6%above the sector's middle half▲ 2.6pp61.0%within the sector's middle half▲ 0.4pp56.7%within the sector's middle half▼ 4.2pp
Current ratio2.03within the sector's middle half▼ 0.622.73within the sector's middle half▲ 0.702.20within the sector's middle half▼ 0.531.84within the sector's middle half▼ 0.362.01within the sector's middle half▲ 0.17
Return on assets (ROA)2.6%within the sector's middle half▼ 56.2pp9.4%within the sector's middle half▲ 6.8pp8.5%within the sector's middle half▼ 0.9pp13.5%within the sector's middle half▲ 5.0pp4.6%within the sector's middle half▼ 8.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 39% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €442,480
Fixed assets
€57,922 ▼ 50.2%
Current assets
€384,558 ▲ 30.3%
Equity and liabilities €442,480
Equity
€251,034 ▲ 0.1%
Debt
€191,446 ▲ 19.2%
Debt's share of the balance-sheet total rises from 39.0% to 43.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€59,163▼
2023 · €103,700
Cash flow
€36,546▼
2023 · €89,138
Debt to equity
0.76▲
2023 · 0.64
ROE
8.0%▼
2023 · 22.1%
Interest coverage
5.49▼
2023 · 26.32
Debt ≤ 1 year
€191,446▲
2023 · €160,558
Income taxes
€11,837▲
2023 · €10,622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €241,873 | €302,684 | €327,957 | €422,539 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €243,139 | €301,741 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €484 | €11,400 | €30,427 | €33,649 | €16,367 | ▼ 51.4% |
| Other operating charges640/8 | - | - | €7,850 | €17,098 | €42,924 | ▲ 151% |
| Gross operating margin9900 | €13,060 | €60,657 | €84,817 | €120,799 | €102,087 | ▼ 15.5% |
| Operating profit (loss)9901 | €12,048 | €47,115 | €46,540 | €70,051 | €42,797 | ▼ 38.9% |
| Financial charges65/66B | - | - | €878 | €3,941 | €10,781 | ▲ 174% |
| Recurring financial charges65 | €826 | €2,217 | €878 | €3,941 | €10,781 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €11,222 | €44,898 | €45,663 | €66,110 | €32,016 | ▼ 51.6% |
| Transfer from deferred taxes780 | - | - | €223 | - | - | - |
| Income taxes67/77 | €2,916 | €12,334 | €13,183 | €10,622 | €11,837 | ▲ 11.4% |
| Profit (loss) for the period9904 | €8,306 | €32,564 | €32,702 | €55,488 | €20,180 | ▼ 63.6% |
| Profit (loss) for the period to be appropriated9905 | €8,306 | €32,564 | €32,702 | €55,488 | €20,180 | ▼ 63.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317,442 | €346,310 | €385,299 | €411,412 | €442,480 | ▲ 7.6% |
| Fixed assets21/28 | €14,223 | €28,557 | €95,580 | €116,203 | €57,922 | ▼ 50.2% |
| Tangible fixed assets22/27 | €14,223 | €28,557 | €95,550 | €116,143 | €42,862 | ▼ 63.1% |
| Plant, machinery and equipment23 | - | - | €10,830 | €7,446 | €4,537 | ▼ 39.1% |
| Furniture and vehicles24 | - | - | €84,719 | €108,697 | €38,325 | ▼ 64.7% |
| Financial fixed assets28 | - | - | €30 | €60 | €15,060 | ▲ 25,000% |
| Current assets29/58 | €303,219 | €317,753 | €289,719 | €295,209 | €384,558 | ▲ 30.3% |
| Amounts receivable after more than one year29 | - | - | €191,318 | €208,414 | €227,711 | ▲ 9.3% |
| Other amounts receivable291 | - | - | €191,318 | €208,414 | €227,711 | ▲ 9.3% |
| Amounts receivable within one year40/41 | €303,113 | €172,968 | €86,871 | €86,396 | €154,662 | ▲ 79.0% |
| Trade receivables40 | - | - | €81,436 | €79,781 | €151,062 | ▲ 89.3% |
| Other amounts receivable41 | - | - | €5,435 | €6,614 | €3,599 | ▼ 45.6% |
| Current investments50/53 | €106 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €790 | €11,530 | €400 | €2,186 | ▲ 447% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317,442 | €346,310 | €385,299 | €411,412 | €442,480 | ▲ 7.6% |
| Equity10/15 | €168,047 | €200,611 | €233,314 | €250,854 | €251,034 | ▲ 0.1% |
| Contributions10/11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €161,847 | €194,411 | €227,114 | €244,654 | €244,834 | ▲ 0.1% |
| Amounts payable17/49 | €149,395 | €145,699 | €151,985 | €160,558 | €191,446 | ▲ 19.2% |
| Amounts payable after more than one year17 | - | €29,350 | €20,299 | - | - | - |
| Financial debts170/4 | - | - | €20,299 | - | - | - |
| Amounts payable within one year42/48 | €149,395 | €116,349 | €131,687 | €160,558 | €191,446 | ▲ 19.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,245 | - | - |
| Financial debts43 | - | - | €15,440 | €15,440 | €15,440 | = |
| Credit institutions430/8 | - | - | €15,440 | €15,440 | €15,440 | = |
| Trade debts44 | €84,373 | €85,858 | €102,741 | €65,945 | €128,225 | ▲ 94.4% |
| Suppliers440/4 | - | - | €73,722 | €53,745 | €128,225 | ▲ 139% |
| Bills of exchange payable441 | - | - | €29,019 | €12,200 | - | - |
| Taxes, remuneration and social security45 | - | - | €13,505 | €30,981 | €25,780 | ▼ 16.8% |
| Taxes450/3 | - | - | €13,505 | €23,481 | €22,280 | ▼ 5.1% |
| Remuneration and social security454/9 | - | - | - | €7,500 | €3,500 | ▼ 53.3% |
| Other amounts payable47/48 | - | - | - | €37,948 | €22,000 | ▼ 42.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,306 | €32,564 | €32,702 | €55,488 | €20,180 | ▼ 63.6% |
| + Depreciation and write-downs630 | €484 | €11,400 | €30,427 | €33,649 | €16,367 | ▼ 51.4% |
| Operating cash flow (approximation) | €8,790 | €43,964 | €63,130 | €89,138 | €36,546 | ▼ 59.0% |
| Investment in fixed assets (approximation) | - | -€25,733 | -€97,450 | -€54,273 | €41,915 | ▲ 177% |
| Change in cash | - | - | €10,740 | -€11,130 | €1,786 | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
07-09
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- Registered-office move, Rue des Augustins 43, 1000 Bruxelles
- General meeting, 19:30
- Director in office, Penteleiciuc Vitalii (director)
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 263 days late
2024
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200,000Eq €200,611 ▲19.4%
3 profitable years in a row build equity to €200,611.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €8,306 ▼94.3%
Net result drops to €8,306, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
6,741 m²
Parcel 21812N1480/00A000, Brussels. Linked by address, not a title deed.
1 establishment unit
VPV CONSTRUCT
since 20172.271.752.866
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1480/00A000 | Brussels | 6,741 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
43310Plastering work
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43910Bricklaying and masonry work
Contact
Phone
0476/71.25.35Brussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673555627
Also
9925:BE0673555627
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.