Vandezande Construct
ActiveVandezande Construct has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €186k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+24
Solvency55▼-8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.4 in 2024; short-term debt: 69.2% and cash: 33.6% of total assets), and 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
30.1%
Return on assets
4.6%
Age of the figures
9 mo
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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
55 d early
2023
54 d early
2022
47 d early
2021
52 d early
2020
46 d early
2019
50 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.21M▲ 0.3%
2024 · €1.21M
2018: €725k
2019: €745k
2020: €772k
2021: €780k
2022: €850k
2023: €1.20M
2024: €1.21M
2018 → 2025
Total assets
€4.03M▲ 25.3%
2024 · €3.21M
2018: €3.13M
2019: €3.67M
2020: €3.50M
2021: €3.08M
2022: €3.52M
2023: €3.81M
2024: €3.21M
2018 → 2025
Net result
€186k▲ 863%
2024 · €19k
2018: €101k
2019: €19k
2020: €27k
2021: €518k
2022: €160k
2023: €486k
2024: €19k
2018 → 2025
Working capital
€780k▼ 0.5%
2024 · €784k
2018: €403k
2019: €409k
2020: €528k
2021: €586k
2022: €988k
2023: €867k
2024: €784k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€780k-€850k▲ 9.0%€1.20M▲ 41.3%€1.21M▲ 0.7%€1.21M▲ 0.3%
Operating result€736k-€254k▼ 65.5%€725k▲ 186%€75k▼ 89.6%€287k▲ 281%
Net result€518k-€160k▼ 69.1%€486k▲ 203%€19k▼ 96.0%€186k▲ 863%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 281% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.03M
Fixed assets
€460k▼ 6.6%
Current assets
€3.57M▲ 31.0%
Equity and liabilities €4.03M
Equity
€1.21M▲ 0.3%
Debt
€2.81M▲ 40.3%
The debt ratio rises from 62.4% to 69.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€416k▲
2024 · €187k
Cash flow
€316k▲
2024 · €131k
Solvency
30.1%▼
2024 · 37.6%
Current ratio
1.28▼
2024 · 1.40
Quick ratio
0.86▼
2024 · 0.97
Debt / equity
2.32▲
2024 · 1.66
ROE
15.4%▲
2024 · 1.6%
ROA
4.6%▲
2024 · 0.6%
Interest coverage
9.85▲
2024 · 3.74
Debt
€2.81M▲
2024 · €2.00M
Debt ≤ 1 year
€2.79M▲
2024 · €1.94M
Debt > 1 year
€19k▼
2024 · €65k
Income taxes
€74k▲
2024 · €12k
Staff costs
€1.05M▲
2024 · €1.03M
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€3.21M€4.03M▲
Fixed assets21/28€492k€460k▼
Tangible fixed assets22/27€411k€340k▼
Plant, machinery and equipment23€25k€26k▲
Furniture and vehicles24€284k€231k▼
Other tangible fixed assets26€102k€84k▼
Financial fixed assets28€81k€119k▲
Current assets29/58€2.72M€3.57M▲
Stocks and contracts in progress3€843k€1.18M▲
Stocks30/36€104k€552k▲
Contracts in progress37€739k€630k▼
Amounts receivable within one year40/41€1.41M€814k▼
Trade receivables40€1.02M€810k▼
Other amounts receivable41€383k€4k▼
Current investments50/53€12k€12k▲
Cash at bank and in hand54/58€239k€1.35M▲
Deferred charges and accrued income490/1€219k€207k▼
Equity and liabilities
Total equity and liabilities10/49€3.21M€4.03M▲
Equity10/15€1.21M€1.21M▲
Contributions10/11€660k€660k=
Reserves13€550k€553k▲
Distributable reserves133€550k€553k▲
Amounts payable17/49€2.00M€2.81M▲
Amounts payable after more than one year17€65k€19k▼
Financial debts170/4€65k€19k▼
Amounts payable within one year42/48€1.94M€2.79M▲
Current portion of amounts payable after more than one year42€46k€88k▲
Financial debts43€750k€850k▲
Credit institutions430/8€750k€850k▲
Trade debts44€1.01M€1.43M▲
Suppliers440/4€1.01M€1.43M▲
Taxes, remuneration and social security45€128k€239k▲
Taxes450/3€40k€170k▲
Remuneration and social security454/9€88k€69k▼
Other amounts payable47/48€4k€177k▲
Accrued charges and deferred income492/3€2k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.03M€1.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€129k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€1.22M€1.47M▲
Operating profit (loss)9901€75k€287k▲
Financial income75/76B€8k€15k▲
Recurring financial income75€8k€15k▲
Non-recurring financial income76B-€312
Financial charges65/66B€52k€42k▼
Recurring financial charges65€50k€42k▼
Non-recurring financial charges66B€2k-
Profit (loss) for the period before taxes9903€31k€260k▲
Income taxes67/77€12k€74k▲
Profit (loss) for the period9904€19k€186k▲
Profit (loss) for the period to be appropriated9905€19k€186k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€186k▲
Transfer to equity691/2€9k€4k▼
To other reserves6921€9k€4k▼
Profit to be distributed694/7€10k€183k▲
Return on contributions (dividend)694-€175k
Employees696-€8k
Other beneficiaries697€10k-
Social balance
Average headcount (FTE)908720.518.3▼
The notes to these accounts (14 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
27-01
State Gazette act
General meeting · Board meeting
Corporate purpose · Statutes amendment
27-01
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
2025
04-07
State Gazette act
General meeting · Merger
Accounting effect · Share cancellation
03-07
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney · Régis Dechamps
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
14-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
14-01
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
19-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
19-01
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2023
31-12
Financial
Equity above €1MEq €1.20M ▲41.3%
6 profitable years in a row build equity to €1.20M.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
07-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
07-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2022
29-11
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
28-07
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
02-03
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
02-03
State Gazette act
General meeting · Board meeting
Statutes amendment · Corporate purpose
2021
31-12
Financial
Highest result since 2018net €518k ▲1812%
Operating result €736k, net result €518k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
14-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €19k ▼81.1%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
24-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
24-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2014
18-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
18-12
State Gazette act
General meeting · Board meeting
Director reappointment · Director resignation
Financial milestoneState Gazette actNBB 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, Oud-Heverlee · 1 establishment unit since 2012
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.
O.-L.-Vrouwstraat 183054 Oud-HeverleeGround area
3,945 m²
Building footprint
1,427 m²
Volume, LiDAR
7,678 m³
Parcel 24110A0105/00V000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vandezande Construct
since 20122.211.809.440
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24110A0105/00V000 | Flanders | 3,945 m² | 1 · 1,427 m² | 6.9 m · 2 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.
Structure & network
Connections & network
9 connected companiesNetwork connections
Shared director
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Ownership & control
1 partyVandezande ConstructBE 0848.106.236
controls
Where this company holds controlthis company sits on their board1
4 subsidiaries · 19 locations
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 2,812 EUR awarded · 2,558 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 2,558 EUR |
| 2023 | 1 | 2,812 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
9 categoriesVandezande Construct BV37466
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Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 2,886 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2012
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
41003General construction of other non-residential buildings
43350Other building finishing work
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:patrick@vdzconstruct.be
Phone:016/40.20.40