Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
VHR CONSTRUCT from Sint-Niklaas, company number BE0644663879, closed financial year 2025 with a result of € -90,246 after tax. For that financial year VHR CONSTRUCT recorded a gross margin of € -51,500 and equity of € 518,927. Compared with financial year 2024, the result moved from € -176,929 to € -90,246. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 28, 2026.
€ 518,927
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -90,246
▲ 49 % less loss than in 2024
Profit after tax over the fiscal year.
€ 625,687
▲ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 457,427.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 32,610
▲ € 32,338 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 343
▼ 94% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 351,720 | € 234,465 | € -135,182 | € -51,500 | ▲ € 83,683 |
| Profit after taxes | € 140,355 | € 51,514 | € -176,929 | € -90,246 | ▲ € 86,683 |
| Equity | € 734,588 | € 786,101 | € 609,173 | € 518,927 | ▼ 15% |
| Total debts | € 154,343 | € 329,268 | € 172,892 | € 208,401 | ▲ 21% |
| Cash | € 402,677 | € 401,094 | € 332,514 | € 625,687 | ▲ 88% |
| Retained profit | € 673,088 | € 724,601 | € 547,673 | € 457,427 | ▼ 16% |
| Dividend | € 180,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 888,931 | € 1,115,369 | € 782,064 | € 727,328 | ▼ 7% |
| Employees (FTE) | 2 | 2 | 0.7 | - |
Key figures of VHR CONSTRUCT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to VHR CONSTRUCT?
What happened at VHR CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- William Merckx stepped down as director. NBB
- Ronny & Conny Management BV stepped down as director. NBB
- Ronan Van Havere stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 90,246. filed late Source: NBB ↗
- William Merckx became a director. NBB
- Ronny & Conny Management BV became a director. NBB
- Ronan Van Havere became a director. NBB
- New establishment in Sint-Niklaas. KBO
In short
From € 140,355 profit in 2022 to € 90,246 loss in 2025.
Paid € 78,288 in corporate taxes since 2022.
Best year ever: 2022, with € 140,355 profit.
On average € 117,200 of value added per employee in 2023.
Management
Directors
According to the 2025 annual accounts
William Merckx
Director
since 2021 · until 2026
Managing director · represented by Conny De Rudder
since 2021 · until 2026
Ronan Van Havere
Director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Europark-Zuid 8 box B
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0644.663.879
- VAT number
- BE 0644.663.879
- Registered office
- Europark-Zuid 8 bus B, 9100 Sint-Niklaas
- Names & denominations
- VHR CONSTRUCT · /
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2015
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- vhr-construct.be
- Activities · NACE
Metselwerk
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