VWBS
ActiveSummary
VWBS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122k and a net result of €17k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 13.97 against 9.9 in 2023; short-term debt: 6.8% and cash: 5.4% of total assets), and 18.4% 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.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
40 d early
2022
49 d early
2021
46 d early
2020
31 d late
2019
13 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 8.1%
2023 · €113k
2018: €66klowest in 7 years
2019: €76k▲ +15.7% vs 2018
2020: €95k▲ +26.0% vs 2019
2021: €107k▲ +11.9% vs 2020
2022: €120k▲ +12.0% vs 2021
2023: €113k▼ -5.6% vs 2022
2024: €122k▲ +8.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€150k▲ 3.9%
2023 · €144k
2018: €102klowest in 7 years
2019: €112k▲ +9.3% vs 2018
2020: €135k▲ +21.3% vs 2019
2021: €148k▲ +8.9% vs 2020
2022: €151k▲ +2.1% vs 2021highest in 7 years
2023: €144k▼ -4.4% vs 2022
2024: €150k▲ +3.9% vs 2023
2018 → 2024
Net result
€17k▲ 23.3%
2023 · €14k
2018: €7klowest in 7 years
2019: €10k▲ +37.4% vs 2018
2020: €20k▲ +91.8% vs 2019highest in 7 years
2021: €11k▼ -42.5% vs 2020
2022: €13k▲ +13.6% vs 2021
2023: €14k▲ +5.2% vs 2022
2024: €17k▲ +23.3% vs 2023
2018 → 2024
Working capital
€131k▲ 8.0%
2023 · €121k
2018: €64klowest in 7 years
2019: €84k▲ +30.6% vs 2018
2020: €104k▲ +25.0% vs 2019
2021: €111k▲ +6.4% vs 2020
2022: €126k▲ +13.7% vs 2021
2023: €121k▼ -3.9% vs 2022
2024: €131k▲ +8.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€107k▲ 11.9%€120k▲ 12.0%€113k▼ 5.6%€122k▲ 8.1%
2020: €95klowest in 5 years
2021: €107k▲ +11.9% vs 2020
2022: €120k▲ +12.0% vs 2021
2023: €113k▼ -5.6% vs 2022
2024: €122k▲ +8.1% vs 2023highest in 5 years
Operating result€24k-€13k▼ 45.9%€13k▲ 4.8%€14k▲ 7.6%€19k▲ 33.4%
2020: €24khighest in 5 years
2021: €13k▼ -45.9% vs 2020lowest in 5 years
2022: €13k▲ +4.8% vs 2021
2023: €14k▲ +7.6% vs 2022
2024: €19k▲ +33.4% vs 2023
Net result€20k-€11k▼ 42.5%€13k▲ 13.6%€14k▲ 5.2%€17k▲ 23.3%
2020: €20khighest in 5 years
2021: €11k▼ -42.5% vs 2020lowest in 5 years
2022: €13k▲ +13.6% vs 2021
2023: €14k▲ +5.2% vs 2022
2024: €17k▲ +23.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €150k
Fixed assets
€9k ▼ 5.4%
Current assets
€141k ▲ 4.6%
Equity and liabilities €150k
Equity
€122k ▲ 8.1%
Provisions
€18k =
Debt
€10k ▼ 25.9%
Debt's share of the balance-sheet total falls from 9.5% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2023 · €16k
Cash flow
€18k▲
2023 · €15k
Current ratio
13.97▲
2023 · 9.90
Debt to equity
0.08▼
2023 · 0.12
ROE
13.6%▲
2023 · 12.0%
ROA
11.1%▲
2023 · 9.4%
Interest coverage
118.31▲
2023 · 74.43
Debt ≤ 1 year
€10k▼
2023 · €14k
Income taxes
€8k▲
2023 · €6k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€144k€150k▲
Fixed assets21/28€9k€9k▼
Tangible fixed assets22/27€9k€9k▼
Land and buildings22€9k€8k▼
Plant, machinery and equipment23-€768
Furniture and vehicles24€42-
Current assets29/58€135k€141k▲
Amounts receivable after more than one year29€63k€56k▼
Other amounts receivable291€63k€56k▼
Amounts receivable within one year40/41€70k€77k▲
Trade receivables40€5k€5k▼
Other amounts receivable41€65k€72k▲
Cash at bank and in hand54/58€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€144k€150k▲
Equity10/15€113k€122k▲
Contributions10/11€19k€19k=
Reserves13€94k€104k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€93k€102k▲
Provisions and deferred taxes16€18k€18k=
Provisions for liabilities and charges160/5€18k€18k=
Pensions and similar obligations160€18k€18k=
Amounts payable17/49€14k€10k▼
Amounts payable within one year42/48€14k€10k▼
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€8k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€17k€22k▲
Operating profit (loss)9901€14k€19k▲
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€217€174▼
Recurring financial charges65€217€174▼
Profit (loss) for the period before taxes9903€20k€24k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€14k€17k▲
Profit (loss) for the period to be appropriated9905€14k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€17k▲
Transfer from equity791/2€20k€7k▼
Transfer to equity691/2€14k€17k▲
To other reserves6921€14k€17k▲
Profit to be distributed694/7€20k€7k▼
Return on contributions (dividend)694-€7k
Directors or managers695€20k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €985 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €2k | €2k | €1k | ▼ 21.7% |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▲ 3.3% |
| Gross operating margin9900 | €32k | €20k | €17k | €17k | €22k | ▲ 25.5% |
| Operating profit (loss)9901 | €24k | €13k | €13k | €14k | €19k | ▲ 33.4% |
| Financial income75/76B | - | €4k | €6k | €5k | €5k | ▼ 2.9% |
| Recurring financial income75 | €7k | €4k | €6k | €5k | €5k | ▼ 2.9% |
| Financial charges65/66B | - | €278 | €308 | €217 | €174 | ▼ 19.9% |
| Recurring financial charges65 | €89 | €278 | €308 | €217 | €174 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €31k | €17k | €19k | €20k | €24k | ▲ 24.0% |
| Income taxes67/77 | €11k | €5k | €6k | €6k | €8k | ▲ 25.6% |
| Profit (loss) for the period9904 | €20k | €11k | €13k | €14k | €17k | ▲ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €20k | €11k | €13k | €14k | €17k | ▲ 23.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €135k | €148k | €151k | €144k | €150k | ▲ 3.9% |
| Fixed assets21/28 | €9k | €13k | €11k | €9k | €9k | ▼ 5.4% |
| Tangible fixed assets22/27 | €9k | €13k | €11k | €9k | €9k | ▼ 5.4% |
| Land and buildings22 | - | €12k | €10k | €9k | €8k | ▼ 13.5% |
| Plant, machinery and equipment23 | - | €953 | €264 | - | €768 | - |
| Furniture and vehicles24 | - | €604 | €288 | €42 | - | - |
| Current assets29/58 | €127k | €134k | €140k | €135k | €141k | ▲ 4.6% |
| Amounts receivable after more than one year29 | - | €78k | €71k | €63k | €56k | ▼ 12.1% |
| Other amounts receivable291 | - | €78k | €71k | €63k | €56k | ▼ 12.1% |
| Amounts receivable within one year40/41 | €24k | €48k | €68k | €70k | €77k | ▲ 10.8% |
| Trade receivables40 | - | €4k | €4k | €5k | €5k | ▼ 3.6% |
| Other amounts receivable41 | - | €44k | €64k | €65k | €72k | ▲ 12.0% |
| Cash at bank and in hand54/58 | €17k | €9k | €939 | €2k | €8k | ▲ 326% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €135k | €148k | €151k | €144k | €150k | ▲ 3.9% |
| Equity10/15 | €95k | €107k | €120k | €113k | €122k | ▲ 8.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €77k | €88k | €101k | €94k | €104k | ▲ 9.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €86k | €99k | €93k | €102k | ▲ 9.9% |
| Provisions and deferred taxes16 | €18k | €18k | €18k | €18k | €18k | = |
| Provisions for liabilities and charges160/5 | - | €18k | €18k | €18k | €18k | = |
| Pensions and similar obligations160 | - | €18k | €18k | €18k | €18k | = |
| Amounts payable17/49 | €22k | €23k | €14k | €14k | €10k | ▼ 25.9% |
| Amounts payable within one year42/48 | €22k | €23k | €14k | €14k | €10k | ▼ 25.9% |
| Trade debts44 | €6k | €7k | €3k | €9k | €3k | ▼ 70.5% |
| Suppliers440/4 | - | €7k | €3k | €9k | €3k | ▼ 70.5% |
| Taxes, remuneration and social security45 | - | €16k | €10k | €5k | €8k | ▲ 51.0% |
| Taxes450/3 | - | €16k | €10k | €5k | €8k | ▲ 51.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €11k | €13k | €14k | €17k | ▲ 23.3% |
| + Depreciation and write-downs630 | €6k | €5k | €2k | €2k | €1k | ▼ 21.7% |
| Operating cash flow (approximation) | €26k | €16k | €15k | €15k | €18k | ▲ 18.0% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €0 | €-924 | - |
| Change in cash | - | €-9k | €-8k | €979 | €6k | ▲ 538% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €107k ▲11.9%
4 profitable years in a row build equity to €107k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €20k ▲91.8%
Operating result €24k, net result €20k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2010
Ground area
1,076 m²
Building footprint
180 m²
Volume, LiDAR
919 m³
Parcel 72033B0972/00T000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VWBS
since 20102.184.709.026
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0972/00T000 | Flanders | 1,076 m² | 1 · 179 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
CONPAS société générale de constructions et services
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BRAYNS
BE 0542.578.309
Sint-Pieters-Leeuw · Eq €122,104
B.E.N. Op Maat
BE 0635.737.703
Duffel · Eq €122,261
A.B.T. CONSTRUCT
BE 0768.450.331
Tubize · Eq €122,304
DE BRABANTER MARC
BE 0476.276.235
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,937 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.