ACTIVE

V CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

25,4 k €

-36.9% YoY

Gross margin

41,9 k €

-34.7% YoY

Equity

181,1 k €

+16.3% YoY

What does V CONSTRUCT do?

V CONSTRUCT is a Private limited company incorporated in 1999. Its main activity is: Joinery installation. Its registered office is in Zulte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.574.552

Incorporation

27/07/1999

Legal form

Private limited company

Registered office

Waregemstraat 75
9870 Zulte · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45422Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	41,9 k €	-34.7%	64,2 k €	+11.7%	57,5 k €	+9.2%	52,6 k €	-5.9%	55,9 k €	+12.2%	49,8 k €	+45.2%	34,3 k €	+367%	-12,8 k €	+14.4%	-15,0 k €	-139%	37,9 k €	-4.6%	39,7 k €	+57.3%	25,3 k €	-43.9%	45,0 k €	+19.6%	37,7 k €	+6.8%	35,3 k €	+2596%	1,3 k €	-93.5%	20,2 k €	+56.6%	12,9 k €	-37.1%	20,5 k €
EBITDA	40,4 k €	-33.9%	61,0 k €	+10.8%	55,1 k €	+7.0%	51,5 k €	-6.0%	54,8 k €	+16.8%	46,9 k €	+40.3%	33,4 k €	+316%	-15,5 k €	+5.1%	-16,3 k €	-145%	36,1 k €	+0.2%	36,0 k €	+51.6%	23,8 k €	-45.4%	43,5 k €	+18.4%	36,7 k €	+6.6%	34,5 k €	+6697%	507,0 €	-97.4%	19,6 k €	+70.0%	11,5 k €	-41.3%	19,6 k €
Operating result	34,3 k €	-39.4%	56,5 k €	+36.3%	41,5 k €	+10.4%	37,6 k €	-8.7%	41,1 k €	+9.8%	37,5 k €	+35.8%	27,6 k €	+208%	-25,4 k €	+22.8%	-33,0 k €	-307%	15,9 k €	-19.8%	19,8 k €	+118%	9,1 k €	-76.7%	39,1 k €	+62.4%	24,0 k €	-4.5%	25,2 k €	+2588%	-1,0 k €	-106%	16,5 k €	+932%	1,6 k €	-80.0%	8,0 k €
Net result	25,4 k €	-36.9%	40,2 k €	+39.2%	28,9 k €	+25.8%	23,0 k €	-18.0%	28,0 k €	-13.0%	32,2 k €	+17.1%	27,5 k €	+205%	-26,2 k €	+25.2%	-35,1 k €	-556%	7,7 k €	-42.8%	13,4 k €	+46.9%	9,1 k €	-70.9%	31,4 k €	+49.7%	21,0 k €	-15.1%	24,7 k €	+1570%	-1,7 k €	-111%	15,2 k €	+6286%	238,3 €	-94.9%	4,6 k €
Balance sheet
Equity	181,1 k €	+16.3%	155,7 k €	+14.9%	135,6 k €	+24.7%	108,7 k €	-9.6%	120,3 k €	+43.9%	83,6 k €	+62.6%	51,4 k €	+115%	23,9 k €	-52.3%	50,1 k €	-41.2%	85,2 k €	+9.9%	77,5 k €	+21.0%	64,1 k €	+11.4%	57,5 k €	+54.8%	37,2 k €	+129%	16,2 k €	+291%	-8,5 k €	-24.6%	-6,8 k €	+69.1%	-22,0 k €	+1.1%	-22,3 k €
Total assets	195,9 k €	+17.8%	166,3 k €	+4.7%	158,9 k €	+12.9%	140,8 k €	-0.4%	141,4 k €	+41.5%	99,9 k €	+42.6%	70,0 k €	+15.7%	60,5 k €	-15.6%	71,7 k €	-37.5%	114,8 k €	+1.7%	112,9 k €	+39.9%	80,7 k €	-12.3%	92,0 k €	+8.8%	84,5 k €	+136%	35,8 k €	+282%	9,4 k €	-52.3%	19,7 k €	+50.3%	13,1 k €	-51.5%	27,0 k €
Cash	110,7 k €	+40.9%	78,5 k €	+20.8%	65,0 k €	-18.0%	79,3 k €	+2.2%	77,6 k €	+35.4%	57,3 k €	+3.5%	55,4 k €	+91.9%	28,9 k €	-42.7%	50,4 k €	-19.2%	62,4 k €	+2.8%	60,7 k €	+108%	29,2 k €	-49.6%	57,8 k €	+2.8%	56,2 k €	+6605%	838,8 €	+136%	355,8 €	-96.8%	11,0 k €	+189%	3,8 k €	+460%	680,5 €
Debts	14,7 k €	+45.5%	10,1 k €	-55.1%	22,5 k €	-25.3%	30,2 k €	+66.6%	18,1 k €	+32.4%	13,7 k €	-26.7%	18,7 k €	-49.1%	36,6 k €	+69.5%	21,6 k €	-24.0%	28,4 k €	-18.0%	34,7 k €	+115%	16,1 k €	-53.2%	34,4 k €	-27.3%	47,4 k €	+162%	18,1 k €	+1.2%	17,9 k €	-32.5%	26,5 k €	-24.6%	35,1 k €	-28.7%	49,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Thierry Verkest

Director · since 26 juin 2023

Active

Ended mandates

Thierry Verkest

Director · since 07 juin 2004

Ended

Thierry Verkest

Administrator - manager · since 07 juin 2004

Ended

Thierry VERKEST

Manager · since 28 mai 2004

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/03/2026	19/05/2025	11/04/2024	26/07/2023	30/05/2022	30/07/2021
General meeting	09/03/2026	30/04/2025	18/03/2024	30/06/2023	17/05/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	09/03/2026	25/03/2026	Dutch	PDF
Micro model	31/12/2024	30/04/2025	19/05/2025	Dutch	PDF
Micro model	31/12/2023	18/03/2024	11/04/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	17/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	13/06/2020	25/06/2020	Dutch	PDF
Micro model	31/12/2018	08/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	15/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	11/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Thierry Verkest

Director · since 26 juin 2023

Active

Ended mandates

Thierry Verkest

Director · since 07 juin 2004

Ended

Thierry Verkest

Administrator - manager · since 07 juin 2004

Ended

Thierry VERKEST

Manager · since 28 mai 2004

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office31/08/2026
Verplaatsing zetel.
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202525,4 k €↓
2024
Annual accounts 202440,2 k €↑
2023
Annual accounts 202328,9 k €↑
2022
Annual accounts 202223,0 k €↓
2021
Annual accounts 202128,0 k €↓
2019
Annual accounts 201932,2 k €↑
2018
Annual accounts 201827,5 k €↑
2017
Annual accounts 2017-26,2 k €↑
2016
Annual accounts 2016-35,1 k €↓
2015
Annual accounts 20157,7 k €↓
2014
Annual accounts 201413,4 k €↑
2013
Annual accounts 20139,1 k €↓
2012
Annual accounts 201231,4 k €↑
2011
Annual accounts 201121,0 k €↓
2010
Annual accounts 201024,7 k €↑
2009
Annual accounts 2009-1,7 k €↓
2008
Annual accounts 200815,2 k €↑
2007
Annual accounts 2007238,3 €↓
2006
Annual accounts 20064,6 k €
27/07/1999
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

V CONSTRUCT

Overview

What does V CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline