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V.D.

Active
Public limited companyfounded 199333 yrs activeAugust Ruyssenlaan 58, 9940 Evergem, BelgiumKBO/BCE: BE 0449.948.158
Summary

V.D. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €499,966 and a net result of €391,914. Equity is growing by ~5.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+28
Solvency100▲+31
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
short-term debt: 0% and cash: 10.2% of total assets, and 19.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
80.9%
Return on assets
63.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
3 d early
2023
5 d early
2022
33 d early
2021
32 d early
2020
32 d early
2019
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 April 1993, V.D. was incorporated.1 Total assets went from EUR 287,616 in 2018 to EUR 617,723 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€499,966▲ 363%
2023 · €108,052
Total assets
€617,723▲ 149%
2023 · €248,005
Net result
€391,914▲ 6,895%
2023 · €5,602
Working capital
€437,996▲ 638%
2023 · €59,330
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€10,782▲ 41.8%€3,356€11,942▲ 256%€5,883▼ 50.7%€503,768▲ 8,464%
Net result-€10,936▲ 41.5%-€1,690▲ 84.5%€11,405€5,602▼ 50.9%€391,914▲ 6,895%
Equity€92,735▼ 10.5%€91,045▼ 1.8%€102,450▲ 12.5%€108,052▲ 5.5%€499,966▲ 363%
Total assets€254,603▼ 3.6%€262,197▲ 3.0%€253,718▼ 3.2%€248,005▼ 2.3%€617,723▲ 149%
Debt€161,868▲ 0.9%€171,152▲ 5.7%€151,268▼ 11.6%€139,953▼ 7.5%€117,757▼ 15.9%
Working capital€56,446€59,021▲ 4.6%€62,953▲ 6.7%€59,330▼ 5.8%€437,996▲ 638%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2020: -€10,782-€10,782Net result 2020: -€10,936-€10,936Operating result 2021: €3,356€3,356Net result 2021: -€1,690-€1,690Operating result 2022: €11,942€11,942Net result 2022: €11,405€11,405Operating result 2023: €5,883€5,883Net result 2023: €5,602€5,602Operating result 2024: €503,768€503,768Net result 2024: €391,914€391,91420202021202220232024€0€200,000€400,000€600,000Operating result 2022: €11,942€11,900Net result 2022: €11,405€11,400Operating result 2023: €5,883€5,880Net result 2023: €5,602€5,600Operating result 2024: €503,768€504,000Net result 2024: €391,914€392,000202220232024
The operating result recovers in 2024; 2024 is 8,464% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €617,723
Fixed assets €179,477 ▼ 2.3%
Current assets €438,246 ▲ 582%
Equity and liabilities €617,723
Equity €499,966 ▲ 363%
Debt €117,757 ▼ 15.9%
Debt's share of the balance-sheet total falls from 56.4% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€508,106▲
2023 · €10,075
Cash flow
€396,253▲
2023 · €9,795
Debt to equity
0.24▼
2023 · 1.30
ROE
78.4%▲
2023 · 5.2%
ROA
63.4%▲
2023 · 2.3%
Interest coverage
1798.61▲
2023 · 35.96
Debt ≤ 1 year
€249▼
2023 · €4,957
Debt > 1 year
€117,507▼
2023 · €134,995
Income taxes
€111,571
A ratio outside any meaningful range has been withheld (balance sheet total €617,723, equity €499,966).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€248,005€617,723▲
Fixed assets21/28€183,717€179,477▼
Tangible fixed assets22/27€183,717€179,477▼
Land and buildings22€183,176€179,189▼
Plant, machinery and equipment23€206€103▼
Furniture and vehicles24€335€185▼
Current assets29/58€64,287€438,246▲
Current investments50/53-€375,000
Cash at bank and in hand54/58€63,473€63,220▼
Deferred charges and accrued income490/1€814€26▼
Equity and liabilities
Total equity and liabilities10/49€248,005€617,723▲
Equity10/15€108,052€499,966▲
Contributions10/11€285,400€285,400=
Capital10€285,400€285,400=
Issued capital100€285,400€285,400=
Reserves13-€28,540
Non-distributable reserves130/1-€28,540
Legal reserve130-€28,540
Profit (loss) carried forward14-€177,348€186,026▲
Amounts payable17/49€139,953€117,757▼
Amounts payable after more than one year17€134,995€117,507▼
Other amounts payable178/9€134,995€117,507▼
Amounts payable within one year42/48€4,957€249▼
Trade debts44€4,957€249▼
Suppliers440/4€4,957€249▼
Income statement Code20232024
Non-recurring operating income76A-€498,357
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,193€4,339▲
Other operating charges640/8€6,489€7,434▲
Gross operating margin9900€16,564€515,541▲
Operating profit (loss)9901€5,883€503,768▲
Financial charges65/66B€280€283▲
Recurring financial charges65€280€283▲
Profit (loss) for the period before taxes9903€5,602€503,485▲
Income taxes67/77-€111,571
Profit (loss) for the period9904€5,602€391,914▲
Profit (loss) for the period to be appropriated9905€5,602€391,914▲
Appropriation of the result
Profit (loss) to be appropriated9906-€177,348€214,566▲
Profit (loss) brought forward from the previous period14P-€182,950-€177,348▲
Transfer to equity691/2-€28,540
To the legal reserve6920-€28,540

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€498,357-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,563€4,490€4,077€4,193€4,339▲ 3.5%
Other operating charges640/8-€4,472€5,912€6,489€7,434▲ 14.6%
Gross operating margin9900€5,303€12,318€21,930€16,564€515,541▲ 3,012%
Operating profit (loss)9901-€10,782€3,356€11,942€5,883€503,768▲ 8,464%
Financial income75/76B-€0----
Recurring financial income75-€0----
Financial charges65/66B-€175€178€280€283▲ 0.8%
Recurring financial charges65€154€175€178€280€283▲ 0.8%
Profit (loss) for the period before taxes9903-€10,936€3,181€11,764€5,602€503,485▲ 8,887%
Income taxes67/77-€4,871€359-€111,571-
Profit (loss) for the period9904-€10,936-€1,690€11,405€5,602€391,914▲ 6,895%
Profit (loss) for the period to be appropriated9905-€10,936-€1,690€11,405€5,602€391,914▲ 6,895%
Line20202021202220232024Change
Assets
Total assets20/58€254,603€262,197€253,718€248,005€617,723▲ 149%
Fixed assets21/28€196,025€191,536€187,459€183,717€179,477▼ 2.3%
Tangible fixed assets22/27€196,025€191,536€187,459€183,717€179,477▼ 2.3%
Land and buildings22-€191,123€187,149€183,176€179,189▼ 2.2%
Plant, machinery and equipment23-€413€310€206€103▼ 50.0%
Furniture and vehicles24---€335€185▼ 44.8%
Current assets29/58€58,578€70,661€66,259€64,287€438,246▲ 582%
Amounts receivable within one year40/41-€240----
Trade receivables40-€240----
Current investments50/53----€375,000-
Cash at bank and in hand54/58€58,084€70,421€66,259€63,473€63,220▼ 0.4%
Deferred charges and accrued income490/1---€814€26▼ 96.9%
Equity and liabilities
Total equity and liabilities10/49€254,603€262,197€253,718€248,005€617,723▲ 149%
Equity10/15€92,735€91,045€102,450€108,052€499,966▲ 363%
Contributions10/11€285,400€285,400€285,400€285,400€285,400=
Capital10-€285,400€285,400€285,400€285,400=
Issued capital100-€285,400€285,400€285,400€285,400=
Reserves13----€28,540-
Non-distributable reserves130/1----€28,540-
Legal reserve130----€28,540-
Profit (loss) carried forward14-€192,665-€194,355-€182,950-€177,348€186,026▲ 205%
Amounts payable17/49€161,868€171,152€151,268€139,953€117,757▼ 15.9%
Amounts payable after more than one year17€159,736€159,512€147,962€134,995€117,507▼ 13.0%
Other amounts payable178/9-€159,512€147,962€134,995€117,507▼ 13.0%
Amounts payable within one year42/48€2,132€11,640€3,306€4,957€249▼ 95.0%
Trade debts44€2,132€11,640€3,306€4,957€249▼ 95.0%
Suppliers440/4-€11,640€3,306€4,957€249▼ 95.0%
Line20202021202220232024Change
Profit (loss) for the period9904-€10,936-€1,690€11,405€5,602€391,914▲ 6,895%
+ Depreciation and write-downs630€12,563€4,490€4,077€4,193€4,339▲ 3.5%
Operating cash flow (approximation)€1,628€2,800€15,481€9,795€396,253▲ 3,945%
Investment in fixed assets (approximation)-€0€0-€451-€99▲ 78.1%
Change in cash-€12,338-€4,162-€2,786-€253▲ 90.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2018net €391,914 ▲6,895%
Operating result €503,768, net result €391,914, both a record.
31-12
Financial Liquidity times 135current ratio 1756.78
Current ratio from 12.97 to 1756.78; short-term debt falls from €4,957 to €249.
31-12
Financial Equity above €200,000Eq €499,966 ▲363%
3 profitable years in a row build equity to €499,966.
26-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €11,405
Net result €11,405 after 4 loss-making years.
31-12
Financial Liquidity triplescurrent ratio 20.04
Current ratio from 6.07 to 20.04; short-term debt falls from €11,640 to €3,306.
31-12
Financial Equity above €100,000Eq €102,450 ▲12.5%
Equity rises from €91,045 to €102,450.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial Weakest financial yearnet -€18,693
Net result drops to -€18,693, the lowest in the series; recovery starts the following year.
27-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 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
7 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, Evergem · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
709 m²
Building footprint
149 m²
Volume, LiDAR
751 m³
Parcel 44066D1044/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
August Ruyssenlaan 58, 9940 Evergem
NACE 6321002
since 20022.062.636.605
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44066D1044/00D000 Flanders 709 m² 1 · 149 m² 8.4 m · 2 fl.
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.

Identification & contact

Identification
Legal formPublic limited company
Founded23-04-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.