Debts
€1.0m 99% of the balance sheet
Financial debts 62%Suppliers 0%Taxes and wages 1%Other 37%
€693,067 of the debts are secured on the company's own assets. In 2021 that was €460,533.
VVG Construct
Lifetime
9 annual accounts with figures on one time axispeak €77,392 (2021)
€52,806▼ 21.2%
lowest -€28,971 (2018)
-€6,782▼ €20,589
peak €20,912 (2024)
€14,130▼ 32.4%
€1.0m▲ 103%
Board2 names since 2021
2 directorsVAN GAUWBERGEN Leen and 1 other
Documentsfilings and deeds
12-07-202619 days before the deadline
2025abbreviated format
Gross margin from €67,032 to €52,806Loss of €6,782Equity from €20,912 to €14,130Debts from €505,453 to €1.0mInvestments €560,000Cash from €3,818 to €26,346
Key points
from the 2025 annual accountsInvestments
€560,000 13.9 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 107.5% higher than in 2024.
Position in the sector
1.4%
Lower solvency than 90% of companies in building services and landscaping. Sector median 42.2% · 1,570 companies.
Checked score
80
Excellent
Financially stronger than 25% of micro companies in building services and landscaping (NACE 81)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,710 companies (NACE 81, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▼ -0.1 percentage points vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.4%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Services to buildings and landscape activities (NACE 81)
Equity €14,130 (1.4% of total assets)
lowers risk
Size: total assets €1.0m
Figures for financial year 2025 (filed on 12-07-2026)
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 81, micro). It does better than 12% of them on solvency, 54% on liquidity, 23% on profitability and 13% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 912 companies had the same profile as VVG Construct has now. Each dot stands for 3 companies, two years later.
95.3%
were still trading
2.1%
stopped another way
2.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VVG Construct itself is lower: 0.5% within 12 months. It rests on far more data about VVG Construct than the profile alone.
Test of the method
The method was tested on the 497,448 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 912 companies, not a prediction for VVG 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
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.4 (0.68 in 2024), below 1. Short-term debt is 8.4% and cash 2.5% of total assets. 98.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1570 sector peers (2025).
NBB · sector comparisonPosition among 1570 sector peers
Solvency
better than 10%
← 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 days early
2024
42 days early
2023
27 days early
2022
42 days early
2021
37 days early
2020
30 days late
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0646795802
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Ingelmunster
Changes of role: VANACKER Geert (director) and VAN GAUWBERGEN Leen (director)
“Huishoudelijke en onderhoudswerkzaamheden en diensten; Algemene klusjeswerken; Tuinaanleg en –onderhoud…” (deed in Dutch) · General meeting of 17-11-2023 · Gazette deed
Publication in the Belgian Official Gazette
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VVG Construct Harelbeke | €1.0m | €52,806 | 1.4% | - |
| CAUWELIER LANDSCAPING Gistel | €0.9m | €67,685 | 53.2% | - |
| GROUND CONCEPT Sombreffe | €0.7m | €47,037 | 47.1% | - |
| M&S Vastgoed Schilde | €1.2m | €33,487 | 40.1% | 0 |
| CDB Invest Roeselare | €0.8m | €40,579 | 57.1% | - |
| TUINEN JAN WITTEBOLLE Ardooie | €0.6m | €62,750 | 26.9% | - |
| BURO 360 Lichtervelde | €0.7m | €84,805 | 51.5% | - |
These companies have the same main activity as VVG Construct: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €585,000 and €1.2m, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 20-01-2016Normal situation
- Activity
- Landscape service activitiesNACE 81300and 2 others
- Establishment unit
- 2.250.823.3358770 Ingelmunster, since 20-01-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 25-02-2025
Annual accounts 2025
- ≈ €160,000estimated
- €1.0m▲ 97.3%
- Filing
- Filed on 12-07-2026, 19 days before the end of the filing period
Insights on VVG Construct
VVG Construct files the abbreviated format. That format states no turnover. The gross margin rose from -€16,728 in 2017 to €52,806 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
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 VVG Construct
- What is the company number of VVG Construct?
- The company number of VVG Construct is 0646.795.802. The VAT number is the same number with BE in front: BE 0646.795.802.
- Where is VVG Construct based?
- The registered office is at Brugsesteenweg 26, 8531 Harelbeke.Company details
- What does VVG Construct do?
- According to the KBO register, the main activity is landscape service activities (NACE 81300).
- What is the legal form of VVG Construct?
- VVG Construct is a private limited company (BV).
- When was VVG Construct founded?
- VVG Construct was founded on 20-01-2016.
- Is VVG Construct still active?
- Yes, VVG Construct is an active enterprise in the KBO register.
- What is the turnover of VVG Construct?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €52,806 and 79 comparable companies (NACE 81). It probably lies between €110,000 and €250,000.Financials
- Is VVG Construct profitable?
- In financial year 2025, VVG Construct made a loss of €6,782.
- Where can I find the annual accounts of VVG Construct?
- VVG Construct filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VVG Construct due?
- VVG Construct must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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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