Checked.be
Active
BE 1008.148.417Private limited companyOpen bankruptcy
VG-CONSTRUCT
Wittelinkstraat 4 ·9000 Gent, Belgium· 2 yrs active
Sector: Joinery installation
(43320)
Conclusion
A bankruptcy procedure is open for VG-CONSTRUCT according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-9k) and a net result of €-12k.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €-9k |
| Net result | €-12k |
| Better than sector | 5% |
| Active | 2 yrs |
Financial profile
34
/ 100
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
0
Profitability
100
Solvency
35
Growth
-
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score components
Liquidity
Current ratio 0.57 (< 1.0)
-10
Quick ratio
Quick ratio 0.57 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 134% (≥ 10%)
+10
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -75.0% | 40.8% | |
| Net result | €-12k | €11k | |
| Equity | €-9k | €34k | |
| Gross operating margin | €-11k | €35k | |
| Staff costs | €519 | €24k |
Figures by fiscal year and ratios
| Fiscal year | 2024 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | - |
| Net profit | €-12k |
| Cash flow | - |
| Staff costs | €519 |
| Income taxes | €160 |
| Dividends | - |
| Total assets | €12k |
| Equity | €-9k |
| Debt | €21k |
| of which ≤ 1y | €21k |
| of which > 1y | - |
| Working capital | €-9k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.57 |
| Quick ratio | 0.57 |
| Working capital ratio | -75.0% |
| Solvency | -75.0% |
| Debt / equity | -2.33 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -100.5% |
| ROE | 134.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €12k |
| Current assets | 29/58 | €12k |
| Amounts receivable within one year | 40/41 | €10k |
| Cash & bank | 54/58 | €44 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12k |
| Equity | 10/15 | €-9k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-12k |
| Amounts payable | 17/49 | €21k |
| Amounts payable within one year | 42/48 | €21k |
| Trade debts payable within one year | 44 | €11k |
| Income statement | ||
| Gross operating margin | 9900 | €-11k |
| Operating result | 9901 | €-12k |
| Financial income | 75 | €93 |
| Financial charges | 65 | €3 |
| Result before taxes | 9903 | €-12k |
| Income taxes | 67/77 | €160 |
| Net result for the period | 9904 | €-12k |
| Result to be appropriated | 9905 | €-12k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE DEGRYSE KORTRIJKSESTEENWEG 361,
9000 GENT |
27-08-2026 → present |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 08-04-2024 |
| Status | Active |
| Postal code | 9000 |
| First insolvency signal | 04-09-2026 |
| Latest insolvency signal | 04-09-2026 |
Establishment units
VG-CONSTRUCT
since 20242.358.003.484
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810Z0573/00B002 | Flanders | 199 m² | 1 · 88 m² | 9.0 m · 1 fl. |
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.
Updates
2026
04-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · VG-CONSTRUCT BV WITTE- LINKSTRAAT 4, 9000 GENT · event 27-08-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
18-04
State Gazette act
Registered-office change
SignalState Gazette actNBB filing
Lifecycle & Insolvency Signals
04-09-2026
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
18-04-2025
Registered-office move
All acts · 1
updated 1 year ago
2025
18-04-2025 Registered office moved within Gent
- 9032 Gent (Wondelgem), Evergemsesteenweg 211 → 9000 Gent, Wittelinkstraat 4
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "9000 Gent, Wittelinkstraat 4",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Wittelinkstraat",
"country": "BE",
"postcode": "9000",
"box_number": null,
"street_number": "4",
"locality_suffix": null
},
"old_address": {
"raw": "9032 Gent (Wondelgem), Evergemsesteenweg 211",
"city": "Gent",
"region": "vlaams_gewest",
"street": "Evergemsesteenweg",
"country": "BE",
"postcode": "9032",
"box_number": null,
"street_number": "211",
"locality_suffix": "(Wondelgem)"
},
"effective_date": "2025-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-18",
"filing_date": "2025-01-15",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2025-01-15",
"unanimous": null
},
"subject_company": {
"kbo": "1008.148.417",
"name_full": "VG-CONSTRUCT",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Ludovic VANGEERSDAELE",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Joinery installation43320General electrical installation work43211Plumbing work43221Insulation installation43230Specialised construction activities43291Floor and wall tiling43331Landscape service activities81300
Names & trade names
| Legal nameNL | VG-CONSTRUCT |
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