VANDERHEYDEN B. CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of VANDERHEYDEN B. CONSTRUCTION is 1.9% (moderate). The 2025 annual accounts show equity of €93k and a net result of €51k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 7391 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+12
Solvency60▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.24 in 2024; short-term debt: 57.9% and cash: 31.3% of total assets), and 64.8% 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.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.2%
Return on assets
19.4%
Age of the figures
9 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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
14 d early
2023
68 d early
2022
17 d early
2021
11 d early
2020
15 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▼ 5.6%
2024 · €98k
2020: €34k
2021: €77k
2022: €178k
2023: €77k
2024: €98k
2020 → 2025
Total assets
€263k▲ 19.9%
2024 · €219k
2020: €76k
2021: €211k
2022: €360k
2023: €383k
2024: €219k
2020 → 2025
Net result
€51k▲ 144%
2024 · €21k
2020: €14k
2021: €44k
2022: €101k
2023: €61k
2024: €21k
2020 → 2025
Working capital
€34k▲ 63.8%
2024 · €21k
2020: €8k
2021: €34k
2022: €99k
2023: €7k
2024: €21k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€178k▲ 130%€77k▼ 56.6%€98k▲ 27.1%€93k▼ 5.6%
Operating result€55k-€118k▲ 114%€73k▼ 37.6%€29k▼ 60.2%€70k▲ 138%
Net result€44k-€101k▲ 129%€61k▼ 39.2%€21k▼ 65.8%€51k▲ 144%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 138% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€76k▼ 30.1%
Current assets
€187k▲ 69.6%
Equity and liabilities €263k
Equity
€93k▼ 5.6%
Debt
€170k▲ 40.6%
The debt ratio rises from 55.2% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€108k▲
2024 · €68k
Cash flow
€90k▲
2024 · €59k
Solvency
35.2%▼
2024 · 44.8%
Current ratio
1.23▼
2024 · 1.24
Quick ratio
0.97▼
2024 · 1.17
Debt / equity
1.84▲
2024 · 1.23
ROE
55.2%▲
2024 · 21.3%
ROA
19.4%▲
2024 · 9.5%
Interest coverage
105.65▲
2024 · 44.89
Debt
€170k▲
2024 · €121k
Debt ≤ 1 year
€152k▲
2024 · €89k
Debt > 1 year
€18k▼
2024 · €32k
Income taxes
€20k▲
2024 · €8k
Staff costs
€79k▲
2024 · €50k
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€219k€263k▲
Formation expenses20€35-
Fixed assets21/28€109k€76k▼
Tangible fixed assets22/27€109k€76k▼
Plant, machinery and equipment23€24k€16k▼
Furniture and vehicles24€62k€43k▼
Leasing and similar rights25€24k€17k▼
Current assets29/58€110k€187k▲
Stocks and contracts in progress3€6k€38k▲
Stocks30/36€6k€38k▲
Amounts receivable within one year40/41€32k€64k▲
Trade receivables40€25k€63k▲
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€67k€82k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€219k€263k▲
Equity10/15€98k€93k▼
Contributions10/11€20k€20k=
Reserves13€78k€72k▼
Distributable reserves133€78k€72k▼
Investment grants15-€596
Amounts payable17/49€121k€170k▲
Amounts payable after more than one year17€32k€18k▼
Financial debts170/4€32k€18k▼
Amounts payable within one year42/48€89k€152k▲
Current portion of amounts payable after more than one year42€15k€13k▼
Trade debts44€21k€63k▲
Suppliers440/4€21k€63k▲
Taxes, remuneration and social security45€14k€37k▲
Taxes450/3€9k€34k▲
Remuneration and social security454/9€5k€3k▼
Other amounts payable47/48€39k€39k▲
Income statement
Code20242025
Remuneration, social security and pensions62€50k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€39k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€119k€189k▲
Operating profit (loss)9901€29k€70k▲
Financial income75/76B€898€2k▲
Recurring financial income75€898€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€29k€71k▲
Income taxes67/77€8k€20k▲
Profit (loss) for the period9904€21k€51k▲
Profit (loss) for the period to be appropriated9905€21k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€51k▲
Transfer from equity791/2-€57k
Transfer to equity691/2€21k€51k▲
To other reserves6921€21k€51k▲
Profit to be distributed694/7-€57k
Return on contributions (dividend)694-€57k
The notes to these accounts (9 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €101k ▲129%
Operating result €118k, net result €101k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲130%
3 profitable years in a row build equity to €178k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Plombières · 1 establishment unit since 2020
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.
Rue des Champs 1024850 PlombièresGround area
1,961 m²
Building footprint
117 m²
Volume, LiDAR
395 m³
Parcel 63053A0312/00L000, Wallonia · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VANDERHEYDEN B. CONSTRUCTION
since 20202.299.604.338
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63053A0312/00L000 | Wallonia | 1,961 m² | 1 · 117 m² | 4.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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3 E Concept
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CEZAR & PAWEL
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,169 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.