VWS CONSTRUCT
ActiveSummary
VWS CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539k and a net result of €117k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 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▼-6
Solvency73▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.69 in 2024; short-term debt: 44.2% and cash: 8.9% of total assets), and 52.5% of the assets are financed with debt.
Credit check 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
47.5%
Return on assets
10.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-10-2025, 97 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
97 d early
2024
25 d early
2023
28 d early
2022
55 d early
2021
39 d early
2020
33 d early
2019
41 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€539k▲ 27.7%
2024 · €422k
2019: €279k
2020: €312k
2021: €353k
2022: €411k
2023: €305k
2024: €422k
2019 → 2025
Total assets
€1.13M▼ 10.6%
2024 · €1.27M
2019: €1.37M
2020: €1.27M
2021: €1.23M
2022: €1.16M
2023: €1.30M
2024: €1.27M
2019 → 2025
Net result
€117k▼ 39.6%
2024 · €193k
2019: €26k
2020: €97k
2021: €41k
2022: €109k
2023: €197k
2024: €193k
2019 → 2025
Working capital
€-75k▲ 58.8%
2024 · €-181k
2019: €-113k
2020: €-239k
2021: €-143k
2022: €-229k
2023: €-299k
2024: €-181k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€353k-€411k▲ 16.6%€305k▼ 26.0%€422k▲ 38.5%€539k▲ 27.7%
Operating result€88k-€269k▲ 206%€251k▼ 6.7%€275k▲ 9.6%€204k▼ 25.8%
Net result€41k-€109k▲ 166%€197k▲ 81.6%€193k▼ 2.0%€117k▼ 39.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€707k ▼ 17.4%
Current assets
€427k ▲ 3.8%
Equity and liabilities €1.13M
Equity
€539k ▲ 27.7%
Debt
€595k ▼ 29.6%
Debt's share of the balance-sheet total falls from 66.7% to 52.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€355k▼
2024 · €444k
Cash flow
€267k▼
2024 · €362k
Current ratio
0.85▲
2024 · 0.69
Debt to equity
1.10▼
2024 · 2.01
ROE
21.7%▼
2024 · 45.8%
ROA
10.3%▼
2024 · 15.2%
Interest coverage
13.68▼
2024 · 19.58
Debt ≤ 1 year
€502k▼
2024 · €593k
Debt > 1 year
€92k▼
2024 · €253k
Income taxes
€62k▼
2024 · €66k
Staff costs
€511k▲
2024 · €441k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.13M▼
Fixed assets21/28€857k€707k▼
Tangible fixed assets22/27€856k€706k▼
Plant, machinery and equipment23€702k€582k▼
Furniture and vehicles24€3k€98k▲
Leasing and similar rights25€133k€10k▼
Other tangible fixed assets26€18k€16k▼
Financial fixed assets28€1k€1k=
Current assets29/58€411k€427k▲
Amounts receivable within one year40/41€281k€315k▲
Trade receivables40€281k€300k▲
Other amounts receivable41€0€15k▲
Cash at bank and in hand54/58€87k€101k▲
Deferred charges and accrued income490/1€43k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.13M▼
Equity10/15€422k€539k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€360k€477k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€355k€472k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€846k€595k▼
Amounts payable after more than one year17€253k€92k▼
Financial debts170/4€253k€92k▼
Amounts payable within one year42/48€593k€502k▼
Current portion of amounts payable after more than one year42€116k€88k▼
Financial debts43€255k€255k=
Credit institutions430/8€255k€255k=
Trade debts44€23k€78k▲
Suppliers440/4€23k€78k▲
Taxes, remuneration and social security45€78k€80k▲
Taxes450/3€64k€65k▲
Remuneration and social security454/9€14k€15k▲
Other amounts payable47/48€121k€715▼
Accrued charges and deferred income492/3€45€1k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€0▼
Remuneration, social security and pensions62€441k€511k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168k€150k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€15k€16k▲
Non-recurring operating charges66A-€22k
Gross operating margin9900€899k€912k▲
Operating profit (loss)9901€275k€204k▼
Financial income75/76B€6k€377▼
Recurring financial income75€6k€377▼
Financial charges65/66B€23k€26k▲
Recurring financial charges65€23k€26k▲
Profit (loss) for the period before taxes9903€259k€179k▼
Income taxes67/77€66k€62k▼
Profit (loss) for the period9904€193k€117k▼
Profit (loss) for the period to be appropriated9905€193k€117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€193k€117k▼
Transfer from equity791/2€26k€0▼
Transfer to equity691/2€143k€117k▼
To other reserves6921€143k€117k▼
Profit to be distributed694/7€76k€0▼
Return on contributions (dividend)694€26k€0▼
Directors or managers695€50k€0▼
Social balance
Average headcount (FTE)90875.85.8=
The notes to these accounts (21 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
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Equity above €500kEq €539k ▲27.7%
7 profitable years in a row build equity to €539k.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €197k ▲81.6%
Net result €197k, the highest in the series.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Begijnendijk · 1 establishment unit since 2007
Ground area
6,492 m²
Building footprint
2,368 m²
Volume, LiDAR
11,225 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VWS CONSTRUCT
since 20072.165.767.795
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24007A0184/00M002 | Flanders | 5,128 m² | 1 · 2,175 m² | 5.8 m · 2 fl. |
| 24007A0184/00C002 | Flanders | 1,364 m² | 1 · 193 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,734 EUR awarded · 2,080 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,178 EUR | 1,974 EUR |
| 2024 | 1 | 450 EUR | 0 EUR |
| 2022 | 1 | 106 EUR | 106 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900XSXUO8QHSGNS08
Similar companies · same sector, comparable size
JOUFFROY FACADES
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KP PROJECT
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ABCO INVEST
BE 0819.958.915
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STASSIJNS
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Group R
BE 0506.631.988
Gent · Eq €541,621
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 4,410 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 formPublic limited company
Founded03-09-2007
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
43990Other specialised construction activities
43110Demolition
43350Other building finishing work
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.