V & D

Active

Private limited companyfounded 199828 yrs activeDe Oude Landen 98, 2180 Antwerpen, BelgiumKBO/BCE: BE 0463.446.697

V & D has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42k and a net result of €-15k. Equity is shrinking by ~19% per year across the filed fiscal years. Its solvency ranks better than 52% of 6711 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Watch Print / PDF

Checked score

Score 2024

45 / 100

Fair▼ -7 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency79▼-16

Growth32=

Stability100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 1.83 against 1.99 in 2023), but 61.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

38.9%

Return on assets

-13.8%

Age of the figures

20 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

21222324

2021 to 2024 · latest year -€15k

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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

33 d late

2022

10 d late

2021

30 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€42k▼ 26.1%

2023 · €57k

2021: €72k 2022: €71k 2023: €57k

2021 → 2024

Total assets

€108k▼ 4.0%

2023 · €112k

2021: €167k 2022: €147k 2023: €112k

2021 → 2024

Net result

€-15k▼ 3.3%

2023 · €-14k

2021: €10k 2022: €-627 2023: €-14k

2021 → 2024

Working capital

€35k▼ 32.0%

2023 · €52k

2021: €71k 2022: €67k 2023: €52k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€72k-€71k▼ 0.9%€57k▼ 20.2%€42k▼ 26.1%

Operating result€20k-€4k▼ 82.6%€-11k€-11k▼ 5.0%

Net result€10k-€-627€-14k▼ 2,185%€-15k▼ 3.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €11k in 2024 against €11k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €108k

28.4%

71.6%

Fixed assets €31k▲ 266%

Current assets €77k▼ 25.7%

Equity and liabilities €108k

38.9%

61.1%

Equity €42k▼ 26.1%

Debt €66k▲ 18.7%

The debt ratio rises from 49.4% to 61.1%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€668▼

2023 · €3k

Cash flow

€-3k▼

2023 · €-977

Solvency

38.9%▼

2023 · 50.6%

Current ratio

1.83▼

2023 · 1.99

Quick ratio

1.83▼

2023 · 1.99

Debt / equity

1.57▲

2023 · 0.98

ROE

-35.3%▼

2023 · -25.3%

ROA

-13.8%▼

2023 · -12.8%

Interest coverage

0.15▼

2023 · 0.77

Debt

€66k▲

2023 · €55k

Debt ≤ 1 year

€42k▼

2023 · €52k

Debt > 1 year

€24k▲

2023 · €3k

Income taxes

€196▲

2023 · €191

Staff costs

€51k▼

2023 · €83k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€112k€108k▼

Fixed assets21/28€8k€31k▲

Tangible fixed assets22/27€8k€31k▲

Land and buildings22€8k-

Plant, machinery and equipment23€186-

Leasing and similar rights25-€31k

Financial fixed assets28€99-

Current assets29/58€104k€77k▼

Amounts receivable within one year40/41€58k€33k▼

Trade receivables40€32k€15k▼

Other amounts receivable41€26k€18k▼

Current investments50/53€43k€43k=

Cash at bank and in hand54/58€2k€55▼

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€112k€108k▼

Equity10/15€57k€42k▼

Contributions10/11€2k€2k=

Reserves13€10k€10k=

Distributable reserves133€10k€10k=

Profit (loss) carried forward14€45k€30k▼

Amounts payable17/49€55k€66k▲

Amounts payable after more than one year17€3k€24k▲

Financial debts170/4€3k€24k▲

Amounts payable within one year42/48€52k€42k▼

Current portion of amounts payable after more than one year42€19k€10k▼

Financial debts43-€9k

Credit institutions430/8-€9k

Trade debts44€16k€8k▼

Suppliers440/4€16k€8k▼

Taxes, remuneration and social security45€17k€16k▼

Taxes450/3€9k€10k▲

Remuneration and social security454/9€8k€6k▼

Income statement Code20232024

Non-recurring operating income76A€1k€17k▲

Remuneration, social security and pensions62€83k€51k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼

Other operating charges640/8€3k€4k▲

Non-recurring operating charges66A€10-

Gross operating margin9900€89k€56k▼

Operating profit (loss)9901€-11k€-11k▼

Financial income75/76B€0€972▲

Recurring financial income75€0€972▲

Financial charges65/66B€3k€4k▲

Recurring financial charges65€3k€4k▲

Profit (loss) for the period before taxes9903€-14k€-15k▼

Income taxes67/77€191€196▲

Profit (loss) for the period9904€-14k€-15k▼

Profit (loss) for the period to be appropriated9905€-14k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€45k€30k▼

Profit (loss) brought forward from the previous period14P€59k€45k▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-15k

Net result drops to €-15k, the lowest in the series.

02-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 33 days late

2023

10-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 10 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

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.

Have them read with priority Sign in to place this company at the front of the reading queue.