VST-Projects
ActiveSummary
VST-Projects has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,304 and a net result of €11,304. Its solvency ranks better than 47% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency69
Growth-
Track record67
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.82; short-term debt: 40.8% and cash: 19.4% of total assets), but 55.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.3%
Return on assets
35%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 1 filingDeviation from the deadline
2025
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€14,304
Total assets
€32,261
Net result
€11,304
Working capital
€10,835
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €32,261
Fixed assets
€8,267
Current assets
€23,994
Equity and liabilities €32,261
Equity
€14,304
Debt
€17,957
Debt finances 55.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€19,835
Cash flow
€16,152
Current ratio
1.82
Debt to equity
1.26
ROE
79.0%
ROA
35.0%
Interest coverage
36.70
Debt ≤ 1 year
€13,159
Debt > 1 year
€4,798
Income taxes
€3,212
Staff costs
€185
Annual accounts
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €185 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,848 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,266 |
| Other operating charges640/8 | €458 |
| Gross operating margin9900 | €21,744 |
| Operating profit (loss)9901 | €14,987 |
| Financial income75/76B | €70 |
| Recurring financial income75 | €70 |
| Financial charges65/66B | €541 |
| Recurring financial charges65 | €541 |
| Profit (loss) for the period before taxes9903 | €14,516 |
| Income taxes67/77 | €3,212 |
| Profit (loss) for the period9904 | €11,304 |
| Profit (loss) for the period to be appropriated9905 | €11,304 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €32,261 | |
| Fixed assets21/28 | €8,267 | |
| Tangible fixed assets22/27 | €8,267 | |
| Plant, machinery and equipment23 | €1,921 | |
| Furniture and vehicles24 | €6,346 | |
| Current assets29/58 | €23,994 | |
| Amounts receivable within one year40/41 | €15,564 | |
| Trade receivables40 | €12,481 | |
| Other amounts receivable41 | €3,083 | |
| Cash at bank and in hand54/58 | €6,246 | |
| Deferred charges and accrued income490/1 | €2,184 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €32,261 | |
| Equity10/15 | €14,304 | |
| Contributions10/11 | €3,000 | |
| Reserves13 | €11,304 | |
| Distributable reserves133 | €11,304 | |
| Amounts payable17/49 | €17,957 | |
| Amounts payable after more than one year17 | €4,798 | |
| Financial debts170/4 | €4,798 | |
| Amounts payable within one year42/48 | €13,159 | |
| Current portion of amounts payable after more than one year42 | €3,180 | |
| Trade debts44 | €6,602 | |
| Suppliers440/4 | €6,602 | |
| Taxes, remuneration and social security45 | €3,377 | |
| Taxes450/3 | €3,377 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €11,304 |
| + Depreciation and write-downs630 | €4,848 |
| Operating cash flow (approximation) | €16,152 |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Zonhoven · 1 establishment unit since 2024
Ground area
921 m²
Building footprint
157 m²
Volume, LiDAR
771 m³
Parcel 71442D0130/00M040, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VST-Projects
since 20242.364.666.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442D0130/00M040 | Flanders | 921 m² | 1 · 156 m² | 6.6 m · 2 fl. |
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.
Similar companies · same sector, comparable size
CONSTRUX
BE 1009.805.038
Lille · Eq €14,331
Dakwerken Oosterbosch
BE 1005.561.782
Kontich · Eq €14,269
GROUPE LCE
BE 0700.553.301
Wezembeek-Oppem · Eq €14,349
ROOF +
BE 0782.352.213
Kraainem · Eq €14,258
ASR SCHEPERS
BE 0464.791.534
Genk · Eq €14,356
Of 8,568 companies in sector 43410 we hold annual accounts for 4,366. 2,687 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
Founded04-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
33200Installation of industrial machinery and equipment
43310Plastering work
43320Joinery installation
43350Other building finishing work
43421Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.