VINDEVOGEL CONSTRUCT

Active

Private limited companyfounded 20196 yrs activeVerbiststraat 48, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0734.938.217

Summary

The computed 12-month bankruptcy probability of VINDEVOGEL CONSTRUCT is 3.3% (moderate). The 2025 annual accounts show equity of €43k and a net result of €3k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 2045 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability63▲+13

Solvency100=

Growth45▲+6

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 8.47 against 6.01 in 2024; short-term debt: 9.9% and cash: 6.8% of total assets), and 9.9% of the assets are financed with debt.

How do we compute the score and the probability?

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

90.1%

Return on assets

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

53 d early

2024

36 d early

2023

28 d early

2022

25 d early

2021

32 d early

2020

3 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€220k▲ 14.1%

2023 · €193k

2020: €237k 2021: €586k 2022: €179k 2023: €193k

2020 → 2025

EBIT margin

1.6%▼ 6.8pp

2023 · 8.4%

2020: 5.0% 2021: 3.9% 2022: 4.9% 2023: 8.4%

2020 → 2025

Net result

€3k▲ 38.1%

2024 · €2k

2020: €12k 2021: €14k 2022: €5k 2023: €3k 2024: €2k

2020 → 2025

Working capital

€35k▼ 11.5%

2024 · €40k

2020: €16k 2021: €24k 2022: €31k 2023: €35k 2024: €40k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€586k-€179k▼ 69.5%€193k▲ 8.0%€220k

Equity€30k-€35k▲ 16.2%€37k▲ 8.1%€40k▲ 6.4%€43k▲ 8.4%

Operating result€23k-€9k▼ 61.6%€16k▲ 86.7%€6k▼ 61.0%€4k▼ 44.3%

Net result€14k-€5k▼ 64.5%€3k▼ 41.8%€2k▼ 14.1%€3k▲ 38.1%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €48k

16.5%

83.5%

Fixed assets €8k

Current assets €40k

Equity and liabilities €48k

90.1%

10%

Equity €43k ▲ 8.4%

Debt €5k ▼ 40.6%

Debt's share of the balance-sheet total falls from 16.6% to 9.9%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€7k▼

2024 · €9k

Cash flow

€7k▲

2024 · €5k

Current ratio

8.47▲

2024 · 6.01

Debt to equity

0.11▼

2024 · 0.20

ROE

7.7%▲

2024 · 6.1%

ROA

7.0%▲

2024 · 5.0%

Interest coverage

151.56

Debt ≤ 1 year

€5k▼

2024 · €8k

Income taxes

€184▼

2024 · €4k

Staff costs

€72▲

2024 · €15

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 · 2025 against 2024 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€48k€48k▲

Fixed assets21/28-€8k

Tangible fixed assets22/27-€8k

Furniture and vehicles24-€8k

Current assets29/58€48k€40k▼

Amounts receivable within one year40/41€43k€37k▼

Trade receivables40€43k€29k▼

Other amounts receivable41-€8k

Cash at bank and in hand54/58€4k€3k▼

Equity and liabilities

Total equity and liabilities10/49€48k€48k▲

Equity10/15€40k€43k▲

Contributions10/11€3k€3k=

Capital10€3k€3k=

Issued capital100€3k€3k=

Profit (loss) carried forward14€37k€41k▲

Amounts payable17/49€8k€5k▼

Amounts payable within one year42/48€8k€5k▼

Trade debts44€7k€5k▼

Suppliers440/4€7k€5k▼

Taxes, remuneration and social security45€1k€72▼

Taxes450/3-€72

Remuneration and social security454/9€1k-

Income statement Code20242025

Turnover70-€220k

Goods, raw materials, services and sundry goods60/61€116k€21k▼

Remuneration, social security and pensions62€15€72▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲

Other operating charges640/8€611€628▲

Gross operating margin9900€9k€8k▼

Operating profit (loss)9901€6k€4k▼

Financial income75/76B-€36

Recurring financial income75-€36

Financial charges65/66B-€49

Recurring financial charges65-€49

Profit (loss) for the period before taxes9903€6k€4k▼

Income taxes67/77€4k€184▼

Profit (loss) for the period9904€2k€3k▲

Profit (loss) for the period to be appropriated9905€2k€3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€37k€41k▲

Profit (loss) brought forward from the previous period14P€35k€37k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

25-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €2k ▼14.1%

Net result drops to €2k, the lowest in the series; recovery starts the following year.

03-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Liquidity doublescurrent ratio 11.48

Current ratio from 5.11 to 11.48; short-term debt falls from €7k to €3k.

06-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €14k ▲14.7%

Operating result €23k, net result €14k, both a record.

31-12

Financial Liquidity doublescurrent ratio 4.20

Current ratio from 1.74 to 4.20; short-term debt falls from €22k to €7k.

28-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Sint-Joost-ten-Node · 1 establishment unit since 2019

seat establishment The establishment unit on the map

Ground area

102 m²

Building footprint

88 m²

Volume, LiDAR

1,058 m³

Parcel 21572B0070/00R014, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 establishment unit

VINDEVOGEL CONSTRUCT

Verbiststraat 48, 1210 Sint-Joost-ten-NodeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20192.295.265.864

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21572B0070/00R014	Brussels	102 m²	1 · 88 m²	17.7 m · 5 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

Grimbergen · Eq €43,078

Fosses-la-Ville · Eq €43,187

KSG Pools

BE 0766.879.624

Mol · Eq €43,213

Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,993 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-09-2019

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.