VVG Construct
ActiveSummary
VVG Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-7k. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 9% of 1202 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-21
Solvency26▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.68 in 2024; short-term debt: 8.4% and cash: 2.5% of total assets), and 98.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1202 sector peers (2025).
NBB · sector comparisonPosition among 1202 sector peers
Solvency
better than 9%
← weakest
strongest →
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 12-07-2026, 19 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
19 d early
2024
42 d early
2023
27 d early
2022
42 d early
2021
37 d early
2020
30 d late
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€14k▼ 32.4%
2024 · €21k
2018: €-25k
2019: €-35k
2020: €-28k
2021: €-8k
2022: €6k
2023: €7k
2024: €21k
2018 → 2025
Total assets
€1.04M▲ 97.3%
2024 · €526k
2018: €683k
2019: €663k
2020: €629k
2021: €652k
2022: €588k
2023: €547k
2024: €526k
2018 → 2025
Net result
€-7k
2024 · €14k
2018: €-29k
2019: €-10k
2020: €7k
2021: €20k
2022: €14k
2023: €1k
2024: €14k
2018 → 2025
Working capital
€-53k▼ 163%
2024 · €-20k
2018: €-154k
2019: €-189k
2020: €-62k
2021: €-68k
2022: €-57k
2023: €-57k
2024: €-20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€6k€7k▲ 23.1%€21k▲ 194%€14k▼ 32.4%
Operating result€29k-€22k▼ 23.5%€9k▼ 61.0%€20k▲ 131%€4k▼ 78.4%
Net result€20k-€14k▼ 31.8%€1k▼ 90.2%€14k▲ 935%€-7k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 78% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.00M ▲ 107%
Current assets
€35k ▼ 18.0%
Equity and liabilities €1.04M
Equity
€14k ▼ 32.4%
Debt
€1.02M ▲ 103%
Debt's share of the balance-sheet total rises from 96.0% to 98.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▼
2024 · €60k
Cash flow
€34k▼
2024 · €54k
Current ratio
0.40▼
2024 · 0.68
Debt to equity
72.48▲
2024 · 24.17
ROE
-48.0%▼
2024 · 66.0%
ROA
-0.7%▼
2024 · 2.6%
Interest coverage
4.02▼
2024 · 8.94
Debt ≤ 1 year
€87k▲
2024 · €62k
Debt > 1 year
€932k▲
2024 · €443k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€526k€1.04M▲
Fixed assets21/28€484k€1.00M▲
Tangible fixed assets22/27€484k€1.00M▲
Land and buildings22€483k€1.00M▲
Plant, machinery and equipment23€450€300▼
Current assets29/58€42k€35k▼
Amounts receivable within one year40/41€39k€8k▼
Trade receivables40€39k€8k▼
Cash at bank and in hand54/58€4k€26k▲
Equity and liabilities
Total equity and liabilities10/49€526k€1.04M▲
Equity10/15€21k€14k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14-€-7k
Amounts payable17/49€505k€1.02M▲
Amounts payable after more than one year17€443k€932k▲
Financial debts170/4€293k€632k▲
Other amounts payable178/9€150k€300k▲
Amounts payable within one year42/48€62k€87k▲
Current portion of amounts payable after more than one year42€42k€61k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€12k€11k▼
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€40k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€67k€53k▼
Operating profit (loss)9901€20k€4k▼
Financial income75/76B€386-
Recurring financial income75€386-
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€14k€-7k▼
Profit (loss) for the period9904€14k€-7k▼
Profit (loss) for the period to be appropriated9905€14k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-7k▼
Profit (loss) brought forward from the previous period14P€-11k-
Transfer to equity691/2€2k-
To other reserves6921€2k-
The notes to these accounts (15 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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €20k ▲190%
Operating result €29k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Harelbeke · 1 establishment unit since 2016
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.
Brugsesteenweg 268531 HarelbekeGround area
1.8 ha
Building footprint
1,580 m²
Volume, LiDAR
4,295 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VVG Construct
since 20162.250.823.335
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017A0246/00K000 | Flanders | 1.5 ha | 1 · 136 m² | 8.6 m · 2 fl. |
| 36007A0164/00M002 | Flanders | 3,015 m² | 1 · 1,444 m² | 8.8 m · 1 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.
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 2,811 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43350Other building finishing work
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.