VW Construct
ActiveSummary
VW Construct has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €581,450 and a net result of €51,661. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 78% of 2,772 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 8.7 FTE
- Equity
- €581,450
- Profit
- €51,661
- Willy VereykenDirector
Why 86raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFounded in 2000Equity €581,450 (67.1% of total assets)Profit of €51,661 (financial year 2025)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 76% on solvency, 46% on liquidity, 54% on profitability and 53% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 162% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,373 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €500 | €0 | - | €500 | - |
| Remuneration, social security and pensions62 | - | - | - | €400,382 | €569,683 | €269,934 | €280,146 | ▲ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93,864 | €93,627 | €101,603 | €75,473 | €110,266 | €78,004 | €75,537 | ▼ 3.2% |
| Other operating charges640/8 | - | - | - | €25,812 | €12,467 | €7,042 | €7,354 | ▲ 4.4% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - |
| Gross operating margin9900 | €522,565 | €438,865 | €398,148 | €577,866 | €799,859 | €383,670 | €438,141 | ▲ 14.2% |
| Operating profit (loss)9901 | €125,851 | -€3,797 | -€68,641 | €76,199 | €107,442 | €28,690 | €75,105 | ▲ 162% |
| Financial income75/76B | - | - | - | €7,371 | €1,006 | €63 | €0 | ▼ 100% |
| Recurring financial income75 | €14,595 | €526 | €161 | €331 | €1,006 | €63 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | - | €7,040 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €19,525 | €25,629 | €16,766 | €23,444 | ▲ 39.8% |
| Recurring financial charges65 | €43,288 | €24,117 | €26,572 | €19,360 | €25,629 | €16,766 | €23,444 | ▲ 39.8% |
| Non-recurring financial charges66B | - | - | - | €165 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €97,158 | -€27,388 | -€95,052 | €64,045 | €82,819 | €11,987 | €51,661 | ▲ 331% |
| Income taxes67/77 | €21,528 | - | - | €5,822 | €9 | €16 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €75,630 | -€27,388 | -€95,052 | €58,222 | €82,810 | €11,971 | €51,661 | ▲ 332% |
| Profit (loss) for the period to be appropriated9905 | €75,630 | -€27,388 | -€95,052 | €58,222 | €82,810 | €11,971 | €51,661 | ▲ 332% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.6m | €1.3m | €1.0m | €1.1m | €1.1m | €0.9m | ▼ 24.4% |
| Fixed assets21/28 | €0.6m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 16.2% |
| Intangible fixed assets21 | - | - | - | €0.001m | €0.004m | €0.003m | €0.002m | ▼ 42.0% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 16.1% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.04m | €0.05m | €0.04m | ▼ 28.8% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.08m | €0.06m | €0.04m | ▼ 29.6% |
| Leasing and similar rights25 | - | - | - | €0.02m | €0.003m | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.09m | €0.07m | €0.05m | ▼ 25.8% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.7m | €0.9m | €0.6m | €0.5m | €0.7m | €0.7m | €0.5m | ▼ 29.4% |
| Stocks and contracts in progress3 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 11.7% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 0.1% |
| Contracts in progress37 | - | - | - | €0.08m | €0.04m | €0.04m | €0.01m | ▼ 75.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 6.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 17.2% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.02m | €0.06m | €0.008m | ▼ 84.6% |
| Cash at bank and in hand54/58 | €0.02m | €0.1m | €0.06m | €0.03m | €0.2m | €0.2m | €0.04m | ▼ 78.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.005m | €0.004m | €0.004m | ▲ 3.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.3m | €1.0m | €1.1m | €1.1m | €0.9m | ▼ 24.4% |
| Equity10/15 | €0.5m | €0.5m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 9.8% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.1m | €0.09m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 10.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 10.1% |
| Profit (loss) carried forward14 | €0.5m | €0.4m | €0.3m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.8m | €1.1m | €0.9m | €0.5m | €0.6m | €0.6m | €0.3m | ▼ 53.8% |
| Amounts payable after more than one year17 | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 39.3% |
| Financial debts170/4 | - | - | - | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 39.3% |
| Amounts payable within one year42/48 | €0.6m | €0.8m | €0.7m | €0.4m | €0.5m | €0.5m | €0.2m | ▼ 57.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.04m | €0.05m | ▲ 1.2% |
| Financial debts43 | - | - | - | €0.05m | €0.05m | €0.1m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.05m | €0.05m | €0.1m | €0 | ▼ 100% |
| Trade debts44 | €0.2m | €0.5m | €0.3m | €0.2m | €0.2m | €0.3m | €0.1m | ▼ 62.2% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.3m | €0.1m | ▼ 62.2% |
| Advances received on contracts in progress46 | - | - | - | - | €0.09m | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.03m | €0.03m | €0.05m | ▲ 44.3% |
| Taxes450/3 | - | - | - | €0.01m | €0 | - | €0.01m | - |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | = |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €147 | €0.001m | €206 | ▼ 82.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,630 | -€27,388 | -€95,052 | €58,222 | €82,810 | €11,971 | €51,661 | ▲ 332% |
| + Depreciation and write-downs630 | €93,864 | €93,627 | €101,603 | €75,473 | €110,266 | €78,004 | €75,537 | ▼ 3.2% |
| Operating cash flow (approximation) | €169,494 | €66,239 | €6,551 | €133,696 | €193,076 | €89,974 | €127,198 | ▲ 41.4% |
| Investment in fixed assets (approximation) | - | -€107,791 | -€73,588 | €81,501 | -€112,451 | -€43,489 | -€4,938 | ▲ 88.6% |
| Change in cash | - | €82,434 | -€42,565 | -€26,664 | €186,138 | -€12,578 | -€162,927 | ▼ 1,195% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00186048 |
| 31-12-2024 | abbreviated format | 13-08-2025 | 2025-00373485 |
| 31-12-2023 | abbreviated format | 07-08-2024 | 2024-00332867 |
| 30-06-2022 | abbreviated format | 14-12-2022 | 2022-20536985 |
| 30-06-2021 | abbreviated format | 22-03-2022 | 2022-08200123 |
| 30-06-2020 | abbreviated format | 08-03-2021 | 2021-07100142 |
| 30-06-2019 | abbreviated format | 16-01-2020 | 2020-01400416 |
| 30-06-2018 | abbreviated format | 16-01-2019 | 2019-01700006 |
| 30-06-2017 | abbreviated format | 22-01-2018 | 2018-02000441 |
| 30-06-2016 | abbreviated format | 23-01-2017 | 2017-02000428 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2024 · 5 entries · €4,908 awarded · €4,908 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €34 | €34 |
| 2023 | 1 | €299 | €299 |
| 2022 | 3 | €4,575 | €4,575 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Willy Vereyken |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-07
Gazette deed
Appointment: Willy Vereyken (director)Name change · Registered office clause · Power of attorney15 facts ▸
- General meeting, 28-06-2023
- Name change, VW Construct
- Other provision, “inlichting benaming distinctness, door ondergetekende notaris ingelicht dat benaming verschillend dient te zijn van benaming van enige andere rechtspersoon” (deed in Dutch)
- Registered office clause, “Tweede agendapunt – Zetel, enkel melding van Gewest waarin zetel gelegen in statuten” (deed in Dutch)
- Power of attorney (2 times)
- Other provision, “verslag voorstel wijziging voorwerp, Vierde agendapunt A – Wijziging voorwerp” (deed in Dutch)
- Other provision, “kennis verslag en vrijstelling voorlezing, vergadering erkent goed op de hoogte te zijn van verslag bestuursorgaan en ontslaat instrumenterende notaris voorlezi…” (deed in Dutch)
- Other provision, “elektronisch vergaderen op niveau algemene vergadering, Vijfde agendapunt” (deed in Dutch)
- Transfer restriction, “regeling overdracht/overgang aandelen en andere effecten wijzigen, Achtste agendapunt” (deed in Dutch)
- Amendment of the articles (3 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening”, EUR (deed in Dutch)
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0472.187.486
Recognitions · licences · registrations
Recognised contractor
4 categories- D General building contractsclass 4, up to €1,080,000
- D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
- E General civil engineering contractsclass 1, up to €162,000
- G General earthworks contractsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72020C1408/00H012 | Flanders | 4,700 m² | 1 · 763 m² | 7.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VW Construct
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Titel I: Rechtsvorm-Naam-Zetel-Voorwerp-Duur, Artikel 1” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Geschreven stuk, twee deskundigen waarvan één door elk der partijen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven, bestaande aandeelhouders naar evenredigheid van aantal aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering volgens regels vereist voor wijziging statuten” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd, mogelijkheid ontbinden en…” (deed in Dutch)