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V.D.K.

Active
Private limited companyfounded 199036 yrs activeKwakkelstraat 25, 1800 Vilvoorde, BelgiumKBO/BCE: BE 0440.795.219
Summary

The computed 12-month bankruptcy probability of V.D.K. is 2.3% (moderate). The 2025 annual accounts show negative equity (-€66,224) and a net result of €19,556. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 30651 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
V.D.K.ActiveChecked score 52/100
Risk analysis ReportCompare

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45331
#8 oldest company in Vilvoorde, Construction sector1 site
Size
€33,132total assets 2025
Equity
-€66,224
Profit
€19,556
Turnover not published (abridged schema)
Financial health
52 Fair Checked score 2025
Bankruptcy chance 12 m
2.3%
Structure
Accounts filed 54 d late0 of 2 deeds read
Why 52- Sector Specialised construction activities (NACE 43)- Latest accounts 54 days late; 2 of the last 3 late- Liquidity: current ratio 0.20+ Size: total assets €33,132Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 41% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -199.9% of total assets
Liquidity 0=
short-term debt 299.9%
Profitability 100+29
return on assets 59.0%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,004 companies)
Last 15 months 08-2025: 2.1%lowest value 09-2025: 2.2%▲ +4.7% vs 08-2025 10-2025: 2.2%● 0.0% vs 09-2025 11-2025: 2.2%● 0.0% vs 10-2025 12-2025: 2.2%● 0.0% vs 11-2025 01-2026: 2.2%● 0.0% vs 12-2025 02-2026: 2.2%● 0.0% vs 01-2026 03-2026: 2.2%▲ +0.8% vs 02-2026 04-2026: 2.2%▼ -0.4% vs 03-2026 05-2026: 2.2%▼ -0.9% vs 04-2026 06-2026: 2.1%▼ -2.6% vs 05-2026 07-2026: 2.2%▲ +3.9% vs 06-2026 08-2026: 3.1%▲ +39.1% vs 07-2026 09-2026: 3.3%▲ +7.8% vs 08-2026highest value 10-2026: 2.3%▼ -31.0% vs 09-2026
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Latest accounts 54 days late; 2 of the last 3 late raises the probability
  • Size: total assets €33,132 lowers the probability for this profile
  • Liquidity: current ratio 0.20 raises the probability
No credit on open account
Liquidity short (current ratio 0.2 against 0.14 in 2024; short-term debt: 299.9% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 1%, profitability 93%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Latest accounts 54 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €33,132
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.20
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 30651 sector peers (2025).
NBB · sector comparison
Position among 30651 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
54 d late
2024
29 d late
2023
54 d late
2022
121 d late
2021
31 d late
2020
152 d late
2019
174 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 88 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2018net €19,556 ▲1,027%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€66,224 View
  • Caution: Among the weakest 5% on solvencysector median 47.2% · 30,651 companies -199.9% View
  • Active since 1990founded 23-03-1990 36 years View

By topic

Financials

Fiscal year
2025
Total assets
€33,132
Profit
€19,556
Solvency
-199.9%
Total assets▼ 5.4%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 23-09-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 29-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded
23-03-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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