Bart VDP
ActiveSummary
Bart VDP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228k and a net result of €62k. Equity is growing by ~49.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87=
Solvency79=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.51 in 2024; short-term debt: 36.9% and cash: 22.3% of total assets), and 45.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
54.1%
Return on assets
14.7%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
43 d early
2024
45 d early
2023
40 d early
2022
54 d early
2021
42 d early
2020
41 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€228k▲ 13.6%
2024 · €201k
2019: €21klowest in 7 years
2020: €41k▲ +90.7% vs 2019
2021: €41k▲ +1.1% vs 2020
2022: €72k▲ +74.2% vs 2021
2023: €155k▲ +117% vs 2022
2024: €201k▲ +29.3% vs 2023
2025: €228k▲ +13.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€421k▲ 12.8%
2024 · €373k
2019: €350k
2020: €294k▼ -16.0% vs 2019
2021: €261k▼ -11.2% vs 2020lowest in 7 years
2022: €296k▲ +13.5% vs 2021
2023: €366k▲ +23.5% vs 2022
2024: €373k▲ +2.1% vs 2023
2025: €421k▲ +12.8% vs 2024highest in 7 years
2019 → 2025
Net result
€62k▲ 14.4%
2024 · €54k
2019: €10k
2020: €20k▲ +108% vs 2019
2021: €1k▼ -93.7% vs 2020lowest in 7 years
2022: €25k▲ +1882% vs 2021
2023: €89k▲ +254% vs 2022highest in 7 years
2024: €54k▼ -39.0% vs 2023
2025: €62k▲ +14.4% vs 2024
2019 → 2025
Working capital
€81k▲ 6.0%
2024 · €77k
2019: €-145klowest in 7 years
2020: €-22k▲ +84.8% vs 2019
2021: €-24k▼ -7.2% vs 2020
2022: €14k▲ +158% vs 2021
2023: €71k▲ +415% vs 2022
2024: €77k▲ +8.7% vs 2023
2025: €81k▲ +6.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€72k▲ 74.2%€155k▲ 117%€201k▲ 29.3%€228k▲ 13.6%
2021: €41klowest in 5 years
2022: €72k▲ +74.2% vs 2021
2023: €155k▲ +117% vs 2022
2024: €201k▲ +29.3% vs 2023
2025: €228k▲ +13.6% vs 2024highest in 5 years
Operating result€2k-€37k▲ 1,700%€122k▲ 225%€64k▼ 47.0%€90k▲ 39.6%
2021: €2klowest in 5 years
2022: €37k▲ +1700% vs 2021
2023: €122k▲ +225% vs 2022highest in 5 years
2024: €64k▼ -47.0% vs 2023
2025: €90k▲ +39.6% vs 2024
Net result€1k-€25k▲ 1,882%€89k▲ 254%€54k▼ 39.0%€62k▲ 14.4%
2021: €1klowest in 5 years
2022: €25k▲ +1882% vs 2021
2023: €89k▲ +254% vs 2022highest in 5 years
2024: €54k▼ -39.0% vs 2023
2025: €62k▲ +14.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 40% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €421k
Fixed assets
€184k ▲ 26.1%
Current assets
€237k ▲ 4.2%
Equity and liabilities €421k
Equity
€228k ▲ 13.6%
Debt
€193k ▲ 11.8%
Debt's share of the balance-sheet total falls from 46.3% to 45.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€109k▲
2024 · €78k
Cash flow
€81k▲
2024 · €68k
Current ratio
1.52▲
2024 · 1.51
Quick ratio
1.30▲
2024 · 1.30
Debt to equity
0.85▼
2024 · 0.86
ROE
27.2%▲
2024 · 27.0%
ROA
14.7%▲
2024 · 14.5%
Interest coverage
17.06▲
2024 · 16.25
Debt ≤ 1 year
€155k▲
2024 · €151k
Debt > 1 year
€32k▲
2024 · €22k
Income taxes
€20k▲
2024 · €19k
Staff costs
€23k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€373k€421k▲
Fixed assets21/28€146k€184k▲
Tangible fixed assets22/27€146k€184k▲
Land and buildings22€123k€122k▼
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€18k€50k▲
Other tangible fixed assets26€2k€9k▲
Current assets29/58€227k€237k▲
Amounts receivable after more than one year29€11k€6k▼
Other amounts receivable291€11k€6k▼
Stocks and contracts in progress3€32k€35k▲
Stocks30/36€32k€35k▲
Amounts receivable within one year40/41€70k€100k▲
Trade receivables40€56k€94k▲
Other amounts receivable41€14k€6k▼
Cash at bank and in hand54/58€112k€94k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€373k€421k▲
Equity10/15€201k€228k▲
Contributions10/11€19k€19k=
Reserves13€182k€209k▲
Distributable reserves133€182k€209k▲
Amounts payable17/49€173k€193k▲
Amounts payable after more than one year17€22k€32k▲
Financial debts170/4€22k€32k▲
Amounts payable within one year42/48€151k€155k▲
Current portion of amounts payable after more than one year42€18k€29k▲
Trade debts44€45k€26k▼
Suppliers440/4€45k€26k▼
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€8k€4k▼
Other amounts payable47/48€76k€93k▲
Accrued charges and deferred income492/3-€5k
Income statement
Code20242025
Remuneration, social security and pensions62€22k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€19k▲
Other operating charges640/8€825€11k▲
Gross operating margin9900€101k€142k▲
Operating profit (loss)9901€64k€90k▲
Financial income75/76B€14k€5k▼
Recurring financial income75€5k€5k▼
Non-recurring financial income76B€9k-
Financial charges65/66B€5k€13k▲
Recurring financial charges65€5k€6k▲
Non-recurring financial charges66B-€7k
Profit (loss) for the period before taxes9903€74k€82k▲
Income taxes67/77€19k€20k▲
Profit (loss) for the period9904€54k€62k▲
Profit (loss) for the period to be appropriated9905€54k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€62k▲
Transfer to equity691/2€45k€27k▼
To other reserves6921€45k€27k▼
Profit to be distributed694/7€9k€35k▲
Return on contributions (dividend)694€2k€35k▲
Directors or managers695€7k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15k | €20k | €22k | €23k | ▲ 5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €20k | €16k | €14k | €19k | ▲ 37.9% |
| Other operating charges640/8 | - | €583 | €807 | €825 | €11k | ▲ 1,184% |
| Gross operating margin9900 | €26k | €73k | €159k | €101k | €142k | ▲ 41.2% |
| Operating profit (loss)9901 | €2k | €37k | €122k | €64k | €90k | ▲ 39.6% |
| Financial income75/76B | - | €2k | €6k | €14k | €5k | ▼ 65.1% |
| Recurring financial income75 | €2k | €2k | €6k | €5k | €5k | ▼ 2.6% |
| Non-recurring financial income76B | - | - | - | €9k | - | - |
| Financial charges65/66B | - | €2k | €4k | €5k | €13k | ▲ 169% |
| Recurring financial charges65 | €2k | €2k | €4k | €5k | €6k | ▲ 32.7% |
| Non-recurring financial charges66B | - | - | - | - | €7k | - |
| Profit (loss) for the period before taxes9903 | €2k | €38k | €123k | €74k | €82k | ▲ 11.4% |
| Income taxes67/77 | €373 | €13k | €34k | €19k | €20k | ▲ 3.1% |
| Profit (loss) for the period9904 | €1k | €25k | €89k | €54k | €62k | ▲ 14.4% |
| Profit (loss) for the period to be appropriated9905 | €1k | €25k | €89k | €54k | €62k | ▲ 14.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261k | €296k | €366k | €373k | €421k | ▲ 12.8% |
| Fixed assets21/28 | €150k | €131k | €143k | €146k | €184k | ▲ 26.1% |
| Intangible fixed assets21 | €2k | €667 | - | - | - | - |
| Tangible fixed assets22/27 | €148k | €130k | €143k | €146k | €184k | ▲ 26.1% |
| Land and buildings22 | - | €117k | €128k | €123k | €122k | ▼ 1.1% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | €4k | ▲ 13.8% |
| Furniture and vehicles24 | - | €11k | €8k | €18k | €50k | ▲ 180% |
| Other tangible fixed assets26 | - | €2k | €2k | €2k | €9k | ▲ 335% |
| Current assets29/58 | €112k | €166k | €223k | €227k | €237k | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | - | €6k | €11k | €6k | ▼ 45.5% |
| Other amounts receivable291 | - | - | €6k | €11k | €6k | ▼ 45.5% |
| Stocks and contracts in progress3 | €24k | €28k | €27k | €32k | €35k | ▲ 8.2% |
| Stocks30/36 | - | €28k | €27k | €32k | €35k | ▲ 8.2% |
| Amounts receivable within one year40/41 | €67k | €66k | €117k | €70k | €100k | ▲ 43.1% |
| Trade receivables40 | - | €54k | €110k | €56k | €94k | ▲ 69.6% |
| Other amounts receivable41 | - | €12k | €7k | €14k | €6k | ▼ 61.0% |
| Cash at bank and in hand54/58 | €19k | €71k | €71k | €112k | €94k | ▼ 16.5% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▲ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261k | €296k | €366k | €373k | €421k | ▲ 12.8% |
| Equity10/15 | €41k | €72k | €155k | €201k | €228k | ▲ 13.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €28k | €53k | €137k | €182k | €209k | ▲ 15.0% |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Other1319 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | €52k | €135k | €182k | €209k | ▲ 15.0% |
| Profit (loss) carried forward14 | €466 | - | - | - | - | - |
| Amounts payable17/49 | €220k | €225k | €211k | €173k | €193k | ▲ 11.8% |
| Amounts payable after more than one year17 | €85k | €59k | €40k | €22k | €32k | ▲ 44.9% |
| Financial debts170/4 | - | €59k | €40k | €22k | €32k | ▲ 44.9% |
| Amounts payable within one year42/48 | €135k | €152k | €152k | €151k | €155k | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €25k | €19k | €18k | €29k | ▲ 66.2% |
| Trade debts44 | €23k | €31k | €34k | €45k | €26k | ▼ 41.5% |
| Suppliers440/4 | - | €31k | €34k | €45k | €26k | ▼ 41.5% |
| Taxes, remuneration and social security45 | - | €13k | €16k | €12k | €7k | ▼ 41.7% |
| Taxes450/3 | - | €9k | €11k | €5k | €3k | ▼ 38.8% |
| Remuneration and social security454/9 | - | €5k | €5k | €8k | €4k | ▼ 43.5% |
| Other amounts payable47/48 | - | €83k | €83k | €76k | €93k | ▲ 22.2% |
| Accrued charges and deferred income492/3 | - | €14k | €18k | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €25k | €89k | €54k | €62k | ▲ 14.4% |
| + Depreciation and write-downs630 | €23k | €20k | €16k | €14k | €19k | ▲ 37.9% |
| Operating cash flow (approximation) | €24k | €45k | €105k | €68k | €81k | ▲ 19.1% |
| Investment in fixed assets (approximation) | - | €-1k | €-29k | €-17k | €-57k | ▼ 237% |
| Change in cash | - | €52k | €750 | €41k | €-19k | ▼ 145% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €200kEq €201k ▲29.3%
6 profitable years in a row build equity to €201k.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €89k ▲254%
Operating result €122k, net result €89k, both a record.
30-06
Financial
Equity above €150kEq €155k ▲117%
5 profitable years in a row build equity to €155k.
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €1k ▼93.7%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Nazareth-De Pinte · 1 establishment unit since 2018
Ground area
703 m²
Building footprint
156 m²
Parcel 44018A0348/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Bart VDP
since 20182.274.796.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0348/00H000 | Flanders | 703 m² | 1 · 155 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 228 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 228 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,066 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.