VCT Construct
ActiveVCT Construct has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €45k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 7331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-15
Solvency56▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.25 against 1.67 in 2024; short-term debt: 41.3% and cash: 7.4% of total assets), and 69.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
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
30.9%
Return on assets
10.9%
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 30-04-2026, 92 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
92 d early
2024
133 d early
2023
69 d early
2022
56 d early
2021
11 d early
2020
116 d early
2019
106 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▼ 37.4%
2024 · €202k
2018: €62k
2019: €96k
2020: €135k
2021: €174k
2022: €46k
2023: €97k
2024: €202k
2018 → 2025
Total assets
€409k▼ 11.0%
2024 · €459k
2018: €103k
2019: €130k
2020: €161k
2021: €223k
2022: €193k
2023: €205k
2024: €459k
2018 → 2025
Net result
€45k▼ 57.3%
2024 · €104k
2018: €16k
2019: €34k
2020: €41k
2021: €41k
2022: €25k
2023: €53k
2024: €104k
2018 → 2025
Working capital
€-126k
2024 · €32k
2018: €56k
2019: €88k
2020: €133k
2021: €150k
2022: €16k
2023: €69k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€46k▼ 73.7%€97k▲ 112%€202k▲ 107%€126k▼ 37.4%
Operating result€53k-€34k▼ 35.9%€69k▲ 104%€62k▼ 10.3%€53k▼ 13.7%
Net result€41k-€25k▼ 37.7%€53k▲ 109%€104k▲ 96.2%€45k▼ 57.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €409k
Fixed assets
€366k▼ 3.8%
Current assets
€43k▼ 45.9%
Equity and liabilities €409k
Equity
€126k▼ 37.4%
Debt
€283k▲ 9.7%
The debt ratio rises from 56.1% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €75k
Cash flow
€57k▼
2024 · €118k
Solvency
30.9%▼
2024 · 43.9%
Current ratio
0.25▼
2024 · 1.67
Quick ratio
0.25▼
2024 · 1.67
Debt / equity
2.24▲
2024 · 1.28
ROE
35.3%▼
2024 · 51.7%
ROA
10.9%▼
2024 · 22.7%
Interest coverage
6.62▼
2024 · 8.06
Debt
€283k▲
2024 · €258k
Debt ≤ 1 year
€169k▲
2024 · €47k
Debt > 1 year
€108k▼
2024 · €208k
Income taxes
€18k▲
2024 · €15k
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€459k€409k▼
Fixed assets21/28€381k€366k▼
Tangible fixed assets22/27€16k€2k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€16k€2k▼
Financial fixed assets28€364k€364k=
Current assets29/58€79k€43k▼
Amounts receivable within one year40/41€11k€12k▲
Trade receivables40€11k€10k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€67k€30k▼
Deferred charges and accrued income490/1€849€939▲
Equity and liabilities
Total equity and liabilities10/49€459k€409k▼
Equity10/15€202k€126k▼
Contributions10/11€19k€19k=
Reserves13€183k€108k▼
Distributable reserves133€183k€108k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€258k€283k▲
Amounts payable after more than one year17€208k€108k▼
Financial debts170/4€208k€108k▼
Amounts payable within one year42/48€47k€169k▲
Current portion of amounts payable after more than one year42€26k€26k=
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€10k€15k▲
Other amounts payable47/48€9k€127k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€77k€69k▼
Operating profit (loss)9901€62k€53k▼
Financial income75/76B€68k€19k▼
Recurring financial income75€68k€19k▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€120k€62k▼
Income taxes67/77€15k€18k▲
Profit (loss) for the period9904€104k€45k▼
Profit (loss) for the period to be appropriated9905€104k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€45k▼
Transfer from equity791/2-€120k
Transfer to equity691/2€104k€45k▼
To other reserves6921€104k€45k▼
Profit to be distributed694/7€0€120k▲
Return on contributions (dividend)694€0€120k▲
The notes to these accounts (11 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €104k ▲96.2%
Net result €104k, the highest in the series.
31-12
Financial
Equity above €200kEq €202k ▲107%
7 profitable years in a row build equity to €202k.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €174k ▲29.1%
4 profitable years in a row build equity to €174k.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €135k ▲41.2%
3 profitable years in a row build equity to €135k.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Merelbeke-Melle · 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.
Vinkenlaan 349820 Merelbeke-MelleGround area
549 m²
Building footprint
173 m²
Volume, LiDAR
626 m³
Parcel 44043A0251/00R002, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
JATS
since 20162.250.470.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0251/00R002 | Flanders | 549 m² | 1 · 173 m² | 5.8 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.
Similar companies · same sector, comparable size
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C G R
BE 0650.737.465
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BLUE ENERGY
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Van Mooter Construction
BE 0810.034.924
Soignies · Eq €126k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,880 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
70100Activities of head offices
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.