VVD CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of VVD CONSTRUCT is 3.6% (moderate). The 2025 annual accounts show equity of €10k and a net result of €-17k. Equity is growing by ~33.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 7311 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-56
Solvency46▼-54
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 3.56 in 2024), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
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 2025Solvency, return and age of the figures
Solvency
29.1%
Return on assets
-51.1%
Age of the figures
8 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
13 d late
2023
21 d early
2022
12 d early
2021
12 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 67.1%
2024 · €29k
2021: €2k
2022: €18k
2023: €23k
2024: €29k
2021 → 2025
Total assets
€33k▼ 18.8%
2024 · €41k
2021: €19k
2022: €22k
2023: €53k
2024: €41k
2021 → 2025
Net result
€-17k
2024 · €3k
2021: €-773
2022: €9k
2023: €6k
2024: €3k
2021 → 2025
Working capital
€770▼ 97.4%
2024 · €29k
2021: €-475
2022: €16k
2023: €23k
2024: €29k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€18k▲ 689%€23k▲ 33.0%€29k▲ 25.9%€10k▼ 67.1%
Operating result€-668-€12k€10k▼ 16.2%€5k▼ 47.1%€-14k
Net result€-773-€9k€6k▼ 37.9%€3k▼ 43.6%€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €5k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€9k
Current assets
€24k
Equity and liabilities €33k
Equity
€10k▼ 67.1%
Debt
€24k▲ 105%
The debt ratio rises from 28.1% to 70.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-13k▼
2024 · €6k
Cash flow
€-16k▼
2024 · €4k
Solvency
29.1%▼
2024 · 71.9%
Current ratio
1.03▼
2024 · 3.56
Quick ratio
0.30▼
2024 · 2.14
Debt / equity
2.44▲
2024 · 0.39
ROE
-175.4%▼
2024 · 11.1%
ROA
-51.1%▼
2024 · 8.0%
Interest coverage
-5.19▲
2024 · -6.78
Debt
€24k▲
2024 · €11k
Debt ≤ 1 year
€24k▲
2024 · €11k
Income taxes
€502▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€41k€33k▼
Fixed assets21/28€0€9k▲
Tangible fixed assets22/27€0€9k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€0€8k▲
Current assets29/58€41k€24k▼
Stocks and contracts in progress3€16k€17k▲
Stocks30/36€16k€17k▲
Amounts receivable within one year40/41€19k-
Trade receivables40€15k-
Other amounts receivable41€4k-
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1-€137
Equity and liabilities
Total equity and liabilities10/49€41k€33k▼
Equity10/15€29k€10k▼
Contributions10/11€9k€9k=
Reserves13€6k€3k▼
Distributable reserves133€6k€3k▼
Profit (loss) carried forward14€14k€-3k▼
Amounts payable17/49€11k€24k▲
Amounts payable within one year42/48€11k€24k▲
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€6k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€735€552▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€8k€-10k▼
Operating profit (loss)9901€5k€-14k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€-873€3k▲
Recurring financial charges65€-873€3k▲
Profit (loss) for the period before taxes9903€6k€-16k▼
Income taxes67/77€3k€502▼
Profit (loss) for the period9904€3k€-17k▼
Profit (loss) for the period to be appropriated9905€3k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-3k▼
Profit (loss) brought forward from the previous period14P€14k€14k=
Transfer to equity691/2€3k-
To other reserves6921€3k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k ▼619%
Net result drops to €-17k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.56
Current ratio from 1.76 to 3.56; short-term debt falls from €30k to €11k.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 4.48
Current ratio from 0.97 to 4.48; short-term debt falls from €16k to €5k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Aalst · 2 establishment units since 2021
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.
Industrielaan 49320 AalstGround area
9,143 m²
Building footprint
1,668 m²
Volume, LiDAR
11,579 m³
2 parcels, Brussels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
VVD CONSTRUCT
since 20212.316.709.396
VVD CONSTRUCT
since 20212.316.709.495
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1195/00M000 | Flanders | 9,053 m² | 1 · 1,601 m² | 7.8 m · 2 fl. |
| 21014A0021/00B008 | Brussels | 90 m² | 1 · 67 m² | 12.9 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.316.709.396
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M.S. BUILD
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 9,042 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2021
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
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:vvdconstruct@gmail.com