Debts
€64,578 89% of the balance sheet
Suppliers 48%Taxes and wages 13%Other 39%
VTL CONSTRUCT
Lifetime
1 annual account with figurespeak €108,972 (2024)
€108,972
peak €30,308 (2024)
€30,308
peak €8,308 (2024)
€8,308
€64,578
Documentsfilings and deeds
18-10-202579 days late
2024micro format
First year with figures
Key points
from the 2024 annual accountsAt the same address
618 companies
Position in the sector
11.4%
Lower solvency than 80% of companies in construction of buildings. Sector median 42.3% · 9,833 companies.
2024 accounts filed 79 days after the deadline
Checked score
29
Weak
Financially stronger than 39% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
13.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%lowest value
01-2025: 3.6%● unchanged vs 12-2024lowest value
02-2025: 3.7%▲ +0.1 percentage points vs 01-2025
03-2025: 4.1%▲ +0.4 percentage points vs 02-2025
04-2025: 4.2%▲ +0.1 percentage points vs 03-2025
05-2025: 4.6%▲ +0.4 percentage points vs 04-2025
06-2025: 8.4%▲ +3.8 percentage points vs 05-2025
07-2025: 9.1%▲ +0.7 percentage points vs 06-2025
08-2025: 9.0%▼ -0.1 percentage points vs 07-2025
09-2025: 8.7%▼ -0.3 percentage points vs 08-2025
10-2025: 8.8%▲ +0.1 percentage points vs 09-2025
11-2025: 12.6%▲ +3.8 percentage points vs 10-2025
12-2025: 12.6%● unchanged vs 11-2025
01-2026: 12.8%▲ +0.2 percentage points vs 12-2025
02-2026: 12.9%▲ +0.1 percentage points vs 01-2026
03-2026: 12.8%▼ -0.1 percentage points vs 02-2026
04-2026: 13.0%▲ +0.2 percentage points vs 03-2026
05-2026: 13.1%▲ +0.1 percentage points vs 04-2026
06-2026: 12.9%▼ -0.2 percentage points vs 05-2026
07-2026: 12.9%● unchanged vs 06-2026
08-2026: 13.3%▲ +0.4 percentage points vs 07-2026
09-2026: 13.5%▲ +0.2 percentage points vs 08-2026
10-2026: 13.7%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 13.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Ex-officio strike-off in the KBO
1 financial year not filed after the legal deadline; last filed accounts filed 79 days late; 1 of the last 3 accounts late
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
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 41, micro). It does better than 19% of them on solvency, 7% on liquidity and 91% on profitability.
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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 7,976 companies had the same profile as VTL CONSTRUCT has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VTL CONSTRUCT itself is higher: 13.7% within 12 months. It rests on far more data about VTL CONSTRUCT than the profile alone.
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 7,976 companies, not a prediction for VTL 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.13, below the usual 1.5. Short-term debt is 88.6% and cash 4.1% of total assets. 88.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Seven signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9833 sector peers (2024).
NBB · sector comparisonPosition among 9833 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2024 accounts filed 79 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-10-2025, 79 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
79 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 79 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.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Recent changes
Address struck
KBO administration
Incorporation
Founding capital of €3,000, 100 shares · Founder: BALAN Vitalii (comparant) · Registered office clause: Bergensesteenweg 24 bus 8, 1600 Sint-Pieters-Leeuw · published on 30-11-2023 · Gazette deed
First establishment
Leopold III-laan 3, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VTL CONSTRUCT | €72,886 | €31,672 | 11.4% | - |
| DECO CONCEPT Leuven | €72,985 | €32,620 | 60.5% | - |
| Algemene Bouwwerken Nils De Wilde Wichelen | €70,415 | €32,255 | 38.5% | - |
| LR CONCEPT Clavier | €70,355 | €30,265 | 51.0% | - |
| S M M Antwerp | €76,166 | €32,632 | 49.6% | - |
| ESPEEL JONAS AFBRAAK- & RENOVATIEWERKEN Oostrozebeke | €73,097 | €29,368 | 54.1% | - |
| DNP WORKS Hasselt | €73,942 | €31,102 | 36.7% | - |
These companies have the same main activity as VTL CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €70,400 and €76,200, founded in 2023.
Official details
Source: KBO- Status
- Active since 28-11-2023Normal situation
- Legal form
- Private limited company
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.352.432.6171030 Schaerbeek, since 28-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on VTL CONSTRUCT
The computed 12-month bankruptcy probability of VTL CONSTRUCT is 13.7% (high). The 2024 annual accounts show equity of €8,308 and a net result of €30,308.
Its solvency ranks better than 19% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
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 VTL CONSTRUCT
- What is the company number of VTL CONSTRUCT?
- The company number of VTL CONSTRUCT is 1002.751.257. The VAT number is the same number with BE in front: BE 1002.751.257.
- What does VTL CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of VTL CONSTRUCT?
- VTL CONSTRUCT is a private limited company (BV).
- When was VTL CONSTRUCT founded?
- VTL CONSTRUCT was founded on 28-11-2023.
- Is VTL CONSTRUCT still active?
- Yes, VTL CONSTRUCT is an active enterprise in the KBO register.Company details
- What is the turnover of VTL CONSTRUCT?
- The turnover of VTL CONSTRUCT was €108,972 in financial year 2024, according to the filed annual accounts.Financials
- Is VTL CONSTRUCT profitable?
- In financial year 2024, VTL CONSTRUCT made a profit of €30,308.
- Where can I find the annual accounts of VTL CONSTRUCT?
- VTL CONSTRUCT filed 1 annual account with the National Bank of Belgium, for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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