Turnover
≈ €950,000 estimated
The accounts state no turnover.
VS
Lifetime
20 annual accounts with figures on one time axispeak €344,471 (2025)
€344,471▲ 8.6%
lowest -€12,037 (2014)
€39,549▲ €41,402
peak €169,115 (2025)
€169,115▲ 30.5%
€290,391▼ 14.8%
peak 5.4 FTE (2011)
5 FTEunchanged
Board3 names since 2021
2 directorsVANNIEUWENHUYZE STEPHANE and 1 other
Documentsfilings and deeds
26-05-202666 days before the deadline
2025financial year
Back to profit: €39,549Appointment: Vannieuwenhuyze Axel (director) 02-09Equity from €129,567 to €169,115Cash from €80,041 to €123,249
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.5%▼ -0.4 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: 5 FTE, total assets €459,506
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 1.72, cash €123,249
Founded in 2006
Calculation
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 43, micro). It does better than 39% of them on solvency, 72% on liquidity, 58% on profitability and 75% 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as VS has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VS itself: 0.3% within 12 months.
Test of the method
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 31,368 companies, not a prediction for VS. 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.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.28 in 2024), above the usual 1.5. Short-term debt is 26.5% and cash 26.8% of total assets. However, 63.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 days early
2024
44 days early
2023
13 days late
2022
10 days late
2021
2 days early
2020
10 days late
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 42 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879628167
Appointment: Vannieuwenhuyze Axel (director)
General meeting of 01-07-2025 · Gazette deed
Appointment: Valérie De Smet (director)
General meeting of 22-09-2023 · Gazette deed
Incorporation
published on 09-03-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VS Les Bons Villers | €459,506 | €344,471 | 36.8% | 5 |
| ENTREPRISE POTTIER FRANCIS Flobecq | €585,139 | €402,698 | 54.4% | 6 |
| M.C. TERRASSEMENTS Charleroi | €471,892 | €438,032 | 38.3% | 6.7 |
| Terrinta Hulshout | €344,039 | €383,801 | 22.4% | 4.9 |
| GRONDWERKEN WILLEMSEN Kalmthout | €616,280 | €418,905 | 8.9% | 4.8 |
| AQUA-VRIJSEN ALGEMENE AANNEMING Houthalen-Helchteren | €532,369 | €529,512 | 53.1% | 4.7 |
| I & TRANS Dilsen-Stokkem | €754,306 | €300,293 | 60.9% | 5 |
These companies have the same main activity as VS: site preparation (NACE 43120). They are comparable in size and age: total assets between €344,000 and €754,000, founded between 2003 and 2006.
Official details
Source: KBO- Status
- Active since 27-02-2006Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.151.923.1256210 Les Bons Villers, since 27-02-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Annual accounts 2025
- €459,506▼ 2.3%
- Employeeson 31-12-2025
- 5=
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on VS
VS has existed since 2006. The gross margin grew from €195,580 in 2006 to €344,471 in 2025 and staff from 3.5 to 5 full-time equivalents.
The gross margin has grown every year since 2020. Solvency rose in 2025 from 27.5% to 36.8% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VS
- What is the company number of VS?
- The company number of VS is 0879.628.167. The VAT number is the same number with BE in front: BE 0879.628.167.
- Where is VS based?
- The registered office is at Rue Sart-Bas 51, 6210 Les Bons Villers.Company details
- What does VS do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of VS?
- VS is a private limited company (BV).
- When was VS founded?
- VS was founded on 27-02-2006.
- Is VS still active?
- Yes, VS is an active enterprise in the KBO register.
- How many employees does VS have?
- VS had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VS fall under?
- In its 2025 annual accounts, VS states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VS?
- The turnover in financial year 2025 is ≈ €950,000. This figure is estimated from the gross margin of €344,471 and 145 comparable companies (NACE 43). It probably lies between €740,000 and €1.3m.
- Is VS profitable?
- In financial year 2025, VS made a profit of €39,549.
- Where can I find the annual accounts of VS?
- VS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VS due?
- VS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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