ACTIVE

VHJ CONSTRUCT

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Financial year 2025 · closed on 31/03/2025
Net result
636,9 k €
+80.6% YoY
Gross margin
1,6 M €
+54.4% YoY
Equity
2,1 M €
+44.0% YoY
Workforce
5,4 ETP
-6.9% YoY

What does VHJ CONSTRUCT do?

VHJ CONSTRUCT is a Private limited company incorporated in 2010. Its main activity is: Site preparation. Its registered office is in Flobecq. It employs on average 5,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0824.519.004
Incorporation
31/03/2010
Legal form
Private limited company
Registered office
Aulnoit 10
7880 Flobecq · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
31/03/2025
Average workforce
5,4 ETP
Activities (NACE)
43120Site preparation· main43120Site preparation42130Construction of bridges and tunnels42130Construction of bridges and tunnels43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.+2
Joint committees (9)
  • 111
  • 1110
  • 124
  • 1240
  • 200
  • 2000
  • 209
  • 2090
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin1,6 M €1,1 M €841,6 k €680,6 k €730,6 k €511,9 k €819,7 k €457,3 k €493,7 k €279,8 k €254,9 k €154,4 k €144,3 k €148,3 k €110,8 k €
EBITDA1,2 M €660,9 k €513,3 k €386,4 k €498,1 k €321,6 k €575,3 k €286,2 k €317,5 k €181,1 k €181,5 k €140,7 k €142,5 k €148 k €110,1 k €
Operating result928,5 k €456 k €260,2 k €103,6 k €350,1 k €157,5 k €283 k €103,7 k €131,5 k €77,4 k €16,6 k €31,1 k €37,9 k €6 k €39,6 k €
Net result636,9 k €352,7 k €275,1 k €47,9 k €300,3 k €113,2 k €213,8 k €71,6 k €116,3 k €52,1 k €25 k €41,2 k €19 k €1,9 k €25,2 k €
Balance sheet
Equity2,1 M €1,4 M €1,1 M €819,7 k €835,8 k €535,5 k €461,3 k €292,5 k €257 k €176,7 k €124,6 k €104,5 k €58,4 k €39,5 k €37,6 k €
Total assets3,5 M €3,5 M €3,1 M €2,5 M €3,1 M €1,8 M €1,8 M €1,5 M €1,5 M €902,4 k €849,6 k €502,6 k €392,4 k €415,8 k €148,5 k €
Cash511 k €590,2 k €757,8 k €351,9 k €206,4 k €231,4 k €372 k €96,7 k €252,1 k €177,3 k €139,9 k €104,4 k €72,9 k €73,4 k €13,8 k €
Debts1,4 M €2 M €2 M €1,6 M €2,2 M €1,3 M €1,3 M €1,2 M €1,3 M €718,7 k €725 k €398 k €334 k €376 k €110,9 k €
Other
Workforce5,4 ETP5,8 ETP4,9 ETP5,0 ETP4,2 ETP3,4 ETP4,4 ETP3,3 ETP3,4 ETP1,5 ETP1,2 ETP0,4 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

Jo Van Hulle

Director · since 31 mars 2010

Active

Ended mandates

Jo Vanhulle

Manager · since 31 mars 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/10/202528/11/202431/10/202314/11/202230/11/202131/10/2020
General meeting15/09/202516/09/202418/09/202319/09/202220/09/202121/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202515/09/202523/10/2025DutchPDF
Abridged model31/03/202416/09/202428/11/2024DutchPDF
Abridged model31/03/202318/09/202331/10/2023DutchPDF
Abridged model31/03/202219/09/202214/11/2022DutchPDF
Abridged model31/03/202120/09/202130/11/2021DutchPDF
Abridged model31/03/202021/09/202031/10/2020DutchPDF
Abridged model31/03/201918/09/201927/04/2020DutchPDF
Abridged model31/03/201817/09/201829/11/2018DutchPDF
Abridged model31/03/201718/09/201713/11/2017DutchPDF
Abridged model31/03/201619/09/201630/09/2016DutchPDF
Abridged model31/03/201521/09/201523/09/2015DutchPDF
Abridged model31/03/201412/09/201414/10/2014DutchPDF
Abridged model31/03/201316/09/201320/12/2013DutchPDF
Abridged model31/03/201217/09/201209/11/2012DutchPDF
Abridged model31/03/201119/09/201121/11/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/03/2025 · 1 active · 1 ended

Active mandates

Jo Van Hulle

Director · since 31 mars 2010

Active

Ended mandates

Jo Vanhulle

Manager · since 31 mars 2010

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/04/2023
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other13/04/2010
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025636,9 k €↑
  2. 2024
    Annual accounts 2024352,7 k €↑
  3. 2023
    Annual accounts 2023275,1 k €↑
  4. 2022
    Annual accounts 202247,9 k €↓
  5. 2021
    Annual accounts 2021300,3 k €↑
  6. 2020
    Annual accounts 2020113,2 k €↓
  7. 2019
    Annual accounts 2019213,8 k €↑
  8. 2018
    Annual accounts 201871,6 k €↓
  9. 2017
    Annual accounts 2017116,3 k €↑
  10. 2016
    Annual accounts 201652,1 k €↑
  11. 2015
    Annual accounts 201525 k €↓
  12. 2014
    Annual accounts 201441,2 k €↑
  13. 2013
    Annual accounts 201319 k €↑
  14. 2012
    Annual accounts 20121,9 k €↓
  15. 2011
    Annual accounts 201125,2 k €
  16. 31/03/2010
    IncorporationPrivate limited company