ACTIVE

V.H.B. CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 k €

+142.0% YoY

Gross margin

4,4 k €

+189.3% YoY

Equity

225,9 k €

+1.4% YoY

What does V.H.B. CONSTRUCT do?

V.H.B. CONSTRUCT is a Private company with limited liability incorporated in 2000. Its main activity is: Construction of buildings. Its registered office is in Destelbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.549.248

Incorporation

15/12/2000

Legal form

Private company with limited liability

Registered office

Loveldstraat(HEU) 47
9070 Destelbergen · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	4,4 k €	+189%	-4,9 k €	-143%	11,5 k €	-6.4%	12,3 k €	-86.2%	88,7 k €	+30.6%	68 k €	-2.4%	69,6 k €	-2.2%	71,2 k €	+34.1%	53,1 k €	-67.7%	164,2 k €	+30.9%	125,4 k €	+60.7%	78 k €	+30.0%	60 k €	-49.0%	117,6 k €	-17.9%	143,2 k €	-6.3%	152,8 k €	-19.1%	188,9 k €	+17.1%	161,4 k €	+19.5%	135,1 k €
EBITDA	3,3 k €	+155%	-6 k €	-167%	8,9 k €	-22.7%	11,5 k €	-80.7%	59,5 k €	+216%	18,8 k €	+12.4%	16,8 k €	-5.0%	17,6 k €	+814%	-2,5 k €	-103%	77,6 k €	+206%	25,3 k €	+85.2%	13,7 k €	+21.0%	11,3 k €	-49.0%	22,2 k €	-56.6%	51,1 k €	-13.5%	59,1 k €	-11.1%	66,5 k €	+154%	26,1 k €	+53.0%	17,1 k €
Operating result	3,3 k €	+155%	-6 k €	-167%	8,9 k €	-22.7%	11,5 k €	-80.7%	59,5 k €	+216%	18,8 k €	+12.4%	16,8 k €	+14.1%	14,7 k €	+333%	-6,3 k €	-112%	53,4 k €	+199%	17,9 k €	+150%	7,1 k €	+56.0%	4,6 k €	-64.7%	13 k €	-59.8%	32,2 k €	+2.6%	31,4 k €	-25.3%	42 k €	+1054%	3,6 k €	+175%	-4,9 k €
Net result	3,2 k €	+142%	-7,6 k €	-213%	6,8 k €	-16.6%	8,1 k €	-82.3%	46 k €	+248%	13,2 k €	-10.7%	14,8 k €	+62.2%	9,1 k €	+156%	-16,4 k €	-147%	34,9 k €	+209%	11,3 k €	+129%	5 k €	+66.6%	3 k €	-42.2%	5,1 k €	-57.7%	12,2 k €	-52.7%	25,7 k €	-8.1%	28 k €	+470%	-7,5 k €	+11.3%	-8,5 k €
Balance sheet
Equity	225,9 k €	+1.4%	222,7 k €	-3.3%	230,4 k €	+3.0%	223,6 k €	+3.8%	215,4 k €	+27.6%	168,8 k €	+8.5%	155,6 k €	+10.5%	140,8 k €	+6.9%	131,6 k €	-11.0%	148 k €	+30.9%	113 k €	+11.1%	101,7 k €	+5.1%	96,8 k €	+3.2%	93,8 k €	+5.8%	88,7 k €	+15.9%	76,5 k €	+50.5%	50,8 k €	+122%	22,9 k €	-24.8%	30,4 k €
Total assets	248,6 k €	+6.4%	233,6 k €	-5.1%	246,2 k €	-30.3%	353 k €	+15.6%	305,3 k €	+7.9%	282,9 k €	+24.4%	227,4 k €	+14.9%	198 k €	+9.7%	180,4 k €	-36.4%	283,6 k €	+77.8%	159,4 k €	+11.6%	142,9 k €	+2.6%	139,3 k €	-0.2%	139,6 k €	-17.8%	169,9 k €	+6.8%	159 k €	-23.7%	208,5 k €	+20.2%	173,4 k €	-12.2%	197,5 k €
Cash	53,2 k €	+22.4%	43,4 k €	-40.4%	72,9 k €	-55.4%	163,6 k €	+101%	81,5 k €	-49.0%	159,8 k €	+69.6%	94,2 k €	+131%	40,8 k €	+7.1%	38,1 k €	-83.8%	235,5 k €	+400%	47,1 k €	+289%	12,1 k €	-61.7%	31,7 k €	+55.9%	20,3 k €	-47.8%	38,9 k €	-31.8%	57,1 k €	+27.6%	44,7 k €	+40.6%	31,8 k €	+109%	15,2 k €
Debts	22,7 k €	+108%	10,9 k €	-31.3%	15,9 k €	-87.8%	129,5 k €	+44.1%	89,8 k €	-21.3%	114,1 k €	+58.9%	71,8 k €	+25.5%	57,2 k €	+17.3%	48,8 k €	-64.0%	135,6 k €	+192%	46,4 k €	+12.7%	41,2 k €	-3.2%	42,5 k €	-7.2%	45,8 k €	-43.6%	81,2 k €	-1.6%	82,5 k €	-47.6%	157,6 k €	+4.7%	150,6 k €	-9.9%	167,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-9.1%	2,2 ETP	-29.0%	3,1 ETP	0.0%	3,1 ETP	-11.4%	3,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Dirk VAN HEUVERSWIJN

Director

Active

Kurt BRACKE

Director

Active

Ended mandates

Dirk Van Heuverswijn

Manager

Ended

Kurt BRACKE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
KELLY'S CARS● Active	0690.542.406

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	31/08/2026	31/08/2025	31/12/2024	26/05/2024	30/12/2022	30/08/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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	06/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	31/08/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	31/12/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	26/05/2024	Dutch	PDF
Micro model	31/12/2021	04/06/2022	30/12/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	31/12/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	31/12/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	31/12/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	31/10/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	30/12/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	31/12/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	26/09/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	09/10/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	24/06/2011	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	15/06/2010	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	22/04/2009	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 2 ended

Active mandates

Dirk VAN HEUVERSWIJN

Director

Active

Kurt BRACKE

Director

Active

Ended mandates

Dirk Van Heuverswijn

Manager

Ended

Kurt BRACKE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/03/2006
MAATSCHAPPELIJKE 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 20253,2 k €↑
2024
Annual accounts 2024-7,6 k €↓
2023
Annual accounts 20236,8 k €↓
2022
Annual accounts 20228,1 k €↓
2021
Annual accounts 202146 k €↑
2020
Annual accounts 202013,2 k €↓
2019
Annual accounts 201914,8 k €↑
2018
Annual accounts 20189,1 k €↑
2017
Annual accounts 2017-16,4 k €↓
2016
Annual accounts 201634,9 k €↑
2015
Annual accounts 201511,3 k €↑
2014
Annual accounts 20145 k €↑
2013
Annual accounts 20133 k €↓
2012
Annual accounts 20125,1 k €↓
2011
Annual accounts 201112,2 k €↓
2010
Annual accounts 201025,7 k €↓
2009
Annual accounts 200928 k €↑
2008
Annual accounts 2008-7,5 k €↑
2007
Annual accounts 2007-8,5 k €
15/12/2000
IncorporationPrivate company with limited liability

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.H.B. CONSTRUCT

Overview

What does V.H.B. CONSTRUCT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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