VTL CONSTRUCT

Active

Private limited companyfounded 20232 yrs activeKBO/BCE: BE 1002.751.257

The computed 12-month bankruptcy probability of VTL CONSTRUCT is 7.1% (elevated). The 2024 annual accounts show equity of €8k and a net result of €30k. Its solvency ranks better than 19% of 9981 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

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Checked score

Score 2024

41 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency36

Growth-

Track record59

Bankruptcy probability, 12 months

7.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.13; short-term debt: 88.6% and cash: 4.1% of total assets), and 88.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

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 2024

Solvency, return and age of the figures

Solvency

11.4%

Return on assets

41.6%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9981 sector peers (2024).

NBB · sector comparison

Position among 9981 sector peers

Solvency

better than 19%

← weakest strongest →

Filed after the deadline

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. 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 filing

Deviation from the deadline

2024

79 d late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

Financials · fiscal year 2024, micro schema

Turnover

€109k

EBIT margin

29.1%

Net result

€30k

Working capital

€8k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Equity and liabilities €73k

11%

88.6%

Equity €8k

Debt €65k

Debt finances 88.6% of the balance-sheet total.

Key figures and ratios

2024 value

Solvency

11.4%

Current ratio

1.13

Quick ratio

1.13

Debt / equity

7.77

ROE

364.8%

ROA

41.6%

Debt

€65k

Debt ≤ 1 year

€65k

Income taxes

€1k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€73k

Current assets29/58€73k

Amounts receivable within one year40/41€70k

Trade receivables40€53k

Other amounts receivable41€17k

Cash at bank and in hand54/58€3k

Equity and liabilities

Total equity and liabilities10/49€73k

Equity10/15€8k

Contributions10/11€3k

Profit (loss) carried forward14€5k

Amounts payable17/49€65k

Amounts payable within one year42/48€65k

Trade debts44€31k

Suppliers440/4€31k

Taxes, remuneration and social security45€8k

Taxes450/3€1k

Remuneration and social security454/9€7k

Other amounts payable47/48€25k

Income statement Code2024

Turnover70€109k

Goods, raw materials, services and sundry goods60/61€85k

Gross operating margin9900€32k

Operating profit (loss)9901€32k

Financial income75/76B€30

Recurring financial income75€30

Financial charges65/66B€67

Recurring financial charges65€67

Profit (loss) for the period before taxes9903€32k

Income taxes67/77€1k

Profit (loss) for the period9904€30k

Profit (loss) for the period to be appropriated9905€30k

Appropriation of the result

Profit (loss) to be appropriated9906€30k

Profit to be distributed694/7€25k

Directors or managers695€25k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Signals 1Filings 1

2025

18-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 79 days late

07-05

KBO administration Address struck

SignalNBB filing

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

1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ground area

2,043 m²

Building footprint

778 m²

Volume, LiDAR

11,503 m³

2 parcels, Brussels, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

VTL CONSTRUCT

Leopold III-laan 3, 1030 SchaarbeekGeneral construction of buildings

since 20232.352.432.617

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23077A0118/00W082	Flanders	1,638 m²	1 · 398 m²	9.5 m · 3 fl.
21904B0398/00G000	Brussels	405 m²	1 · 380 m²	28.2 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

MAXIME KROONEN

BE 0442.741.553

Thimister-Clermont · Eq €8k

H&U CONSTRUCTION

BE 1019.791.385

Sint-Genesius-Rode · Eq €8k

Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 8,537 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-11-2023

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

52250Logistics services

52290Warehousing and support activities for transportation

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:vitalikbalan123@gmail.com

Enterprise