V.D.K.
ActiveSummary
V.D.K. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210,900 and a net result of €33,054. Equity is shrinking by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-12
Solvency74▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.09 in 2024; short-term debt: 50.6% and cash: 0.2% of total assets), and 50.7% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
49.3%
Return on assets
7.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €210,900
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 12-12-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
42 d early
2023
47 d early
2022
46 d early
2021
41 d early
2020
58 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 48 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 (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. Usually files around 16 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€210,900▲ 18.6%
2024 · €177,846
Total assets
€427,983▲ 8.0%
2024 · €396,391
Net result
€33,054
2024 · -€643
Working capital
-€202,563▼ 2.1%
2024 · -€198,410
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
Line20212022202320242025
Operating result-€8,017▲ 39.7%-€15,793▼ 97.0%-€8,937▲ 43.4%-€3,688▲ 58.7%€20,561
Net result-€10,900▲ 36.0%-€17,996▼ 65.1%-€10,627▲ 40.9%-€643▲ 94.0%€33,054
Equity€207,112▼ 5.0%€189,116▼ 8.7%€178,488▼ 5.6%€177,846▼ 0.4%€210,900▲ 18.6%
Total assets€451,971▼ 5.4%€430,009▼ 4.9%€407,023▼ 5.3%€396,391▼ 2.6%€427,983▲ 8.0%
Debt€244,859▼ 5.7%€240,893▼ 1.6%€228,535▼ 5.1%€218,545▼ 4.4%€217,084▼ 0.7%
Working capital-€159,560▼ 14.3%-€178,868▼ 12.1%-€195,536▼ 9.3%-€198,410▼ 1.5%-€202,563▼ 2.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20,561 after a loss of €3,688 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,983
Fixed assets
€414,087 ▲ 9.9%
Current assets
€13,896 ▼ 28.8%
Equity and liabilities €427,983
Equity
€210,900 ▲ 18.6%
Debt
€217,084 ▼ 0.7%
Debt's share of the balance-sheet total falls from 55.1% to 50.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,078▲
2024 · €19,168
Cash flow
€57,571▲
2024 · €22,213
Current ratio
0.06▼
2024 · 0.09
Debt to equity
1.03▼
2024 · 1.23
ROE
15.7%▲
2024 · -0.4%
ROA
7.7%▲
2024 · -0.2%
Interest coverage
3.39▼
2024 · 20.72
Debt ≤ 1 year
€216,459▼
2024 · €217,935
Income taxes
€4,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,829 | €25,019 | €23,586 | €22,856 | €24,517 | ▲ 7.3% |
| Other operating charges640/8 | - | €10,563 | €10,816 | €11,860 | €12,278 | ▲ 3.5% |
| Gross operating margin9900 | €28,168 | €19,789 | €25,464 | €31,028 | €57,356 | ▲ 84.9% |
| Operating profit (loss)9901 | -€8,017 | -€15,793 | -€8,937 | -€3,688 | €20,561 | ▲ 657% |
| Financial income75/76B | - | - | €0 | €3,971 | €29,937 | ▲ 654% |
| Recurring financial income75 | €1 | - | €0 | €3,971 | €29,937 | ▲ 654% |
| Financial charges65/66B | - | €2,203 | €1,690 | €925 | €13,314 | ▲ 1,339% |
| Recurring financial charges65 | €2,884 | €2,203 | €1,690 | €925 | €13,314 | ▲ 1,339% |
| Profit (loss) for the period before taxes9903 | -€10,900 | -€17,996 | -€10,627 | -€643 | €37,184 | ▲ 5,886% |
| Income taxes67/77 | - | - | - | - | €4,130 | - |
| Profit (loss) for the period9904 | -€10,900 | -€17,996 | -€10,627 | -€643 | €33,054 | ▲ 5,244% |
| Transfer from tax-exempt reserves789 | - | €8,307 | €8,307 | €8,307 | €8,307 | = |
| Profit (loss) for the period to be appropriated9905 | -€2,594 | -€9,689 | -€2,321 | €7,664 | €41,361 | ▲ 440% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €451,971 | €430,009 | €407,023 | €396,391 | €427,983 | ▲ 8.0% |
| Fixed assets21/28 | €445,025 | €420,006 | €399,721 | €376,865 | €414,087 | ▲ 9.9% |
| Tangible fixed assets22/27 | €444,814 | €419,795 | €399,510 | €376,654 | €413,876 | ▲ 9.9% |
| Land and buildings22 | - | €419,795 | €399,510 | €376,654 | €413,876 | ▲ 9.9% |
| Financial fixed assets28 | €211 | €211 | €211 | €211 | €211 | = |
| Current assets29/58 | €6,946 | €10,004 | €7,302 | €19,526 | €13,896 | ▼ 28.8% |
| Amounts receivable within one year40/41 | - | - | - | €1,191 | €7,667 | ▲ 544% |
| Trade receivables40 | - | - | - | - | €7,667 | - |
| Other amounts receivable41 | - | - | - | €1,191 | - | - |
| Cash at bank and in hand54/58 | €4,426 | €7,163 | €7,302 | €17,675 | €1,066 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | €2,840 | - | €660 | €5,163 | ▲ 682% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €451,971 | €430,009 | €407,023 | €396,391 | €427,983 | ▲ 8.0% |
| Equity10/15 | €207,112 | €189,116 | €178,488 | €177,846 | €210,900 | ▲ 18.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €264,007 | €255,700 | €247,393 | €239,086 | €272,080 | ▲ 13.8% |
| Non-distributable reserves130/1 | - | €2,251 | €2,251 | - | - | - |
| Reserves not available under the articles1311 | - | €2,251 | €2,251 | - | - | - |
| Tax-exempt reserves132 | - | €210,686 | €202,380 | €194,073 | €185,766 | ▼ 4.3% |
| Distributable reserves133 | - | €42,763 | €42,763 | €45,014 | €86,314 | ▲ 91.7% |
| Profit (loss) carried forward14 | -€75,495 | -€85,184 | -€87,505 | -€79,841 | -€79,780 | ▲ 0.1% |
| Amounts payable17/49 | €244,859 | €240,893 | €228,535 | €218,545 | €217,084 | ▼ 0.7% |
| Amounts payable after more than one year17 | €78,353 | €52,022 | €25,139 | - | - | - |
| Financial debts170/4 | - | €52,022 | €25,139 | - | - | - |
| Amounts payable within one year42/48 | €166,506 | €188,871 | €202,838 | €217,935 | €216,459 | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €26,331 | €26,883 | - | - | - |
| Trade debts44 | €3,266 | €5,349 | €2,063 | €2,420 | €33,688 | ▲ 1,292% |
| Suppliers440/4 | - | €5,349 | €2,063 | €2,420 | €33,688 | ▲ 1,292% |
| Taxes, remuneration and social security45 | - | - | - | - | €8,102 | - |
| Taxes450/3 | - | - | - | - | €8,102 | - |
| Other amounts payable47/48 | - | €157,192 | €173,892 | €215,515 | €174,670 | ▼ 19.0% |
| Accrued charges and deferred income492/3 | - | - | €558 | €610 | €624 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,900 | -€17,996 | -€10,627 | -€643 | €33,054 | ▲ 5,244% |
| + Depreciation and write-downs630 | €25,829 | €25,019 | €23,586 | €22,856 | €24,517 | ▲ 7.3% |
| Operating cash flow (approximation) | €14,928 | €7,023 | €12,958 | €22,213 | €57,571 | ▲ 159% |
| Investment in fixed assets (approximation) | - | €0 | -€3,301 | €0 | -€61,739 | - |
| Change in cash | - | €2,737 | €139 | €10,372 | -€16,609 | ▼ 260% |
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
12-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Back to profitnet €33,054
Net result €33,054 after 6 loss-making years.
30-06
Financial
Equity above €200,000Eq €210,900 ▲18.6%
Equity rises from €177,846 to €210,900.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€17,996
Net result drops to -€17,996, the lowest in the series; recovery starts the following year.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kluisbergen · 1 establishment unit since 1995
Ground area
1,352 m²
Building footprint
196 m²
Volume, LiDAR
969 m³
Parcel 45002A0625/00K000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.D.K. BVBA
since 19952.071.301.772
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45002A0625/00K000 | Flanders | 1,352 m² | 1 · 196 m² | 8.1 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 formPrivate limited company
Founded03-04-1995
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454924456
Also
9925:BE0454924456
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.