V.D.M.
ActiveSummary
V.D.M. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €166,343. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 1308 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 6.53 against 4.66 in 2023; short-term debt: 9.5% and cash: 59.3% of total assets), and 9.9% of the assets are financed with debt.
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Signals
Six 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
90.1%
Return on assets
11.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
21 d late
2022
30 d late
2021
30 d late
2020
2 d early
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by equity in Walloon Brabant, Warehousing and transport support sector#10 oldest company in Walloon Brabant, Warehousing and transport support sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€166,343▲ 134%
2023 · €71,189
Working capital
€777,193▲ 33.8%
2023 · €580,796
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€27,570▲ 22.0%€50,731▲ 84.0%€68,298▲ 34.6%€109,116▲ 59.8%€189,471▲ 73.6%
Net result€116,656above the sector's middle half€44,926above the sector's middle half▼ 61.5%€109,851above the sector's middle half▲ 145%€71,189above the sector's middle half▼ 35.2%€166,343above the sector's middle half▲ 134%
Equity€933,185above the sector's middle half▲ 14.3%€978,111above the sector's middle half▲ 4.8%€1.1mabove the sector's middle half▲ 11.2%€1.2mabove the sector's middle half▲ 6.5%€1.3mabove the sector's middle half▲ 14.4%
Total assets€1.2mabove the sector's middle half▼ 6.6%€1.2mabove the sector's middle half▼ 0.9%€1.3mabove the sector's middle half▲ 7.0%€1.3mabove the sector's middle half▲ 4.9%€1.5mabove the sector's middle half▲ 9.1%
Debt€278,707▼ 42.0%€223,233▼ 19.9%€197,714▼ 11.4%€189,367▼ 4.2%€145,913▼ 22.9%
Working capital€687,927above the sector's middle half▲ 178%€569,724above the sector's middle half▼ 17.2%€722,551above the sector's middle half▲ 26.8%€580,796above the sector's middle half▼ 19.6%€777,193above the sector's middle half▲ 33.8%
Solvency77.0%above the sector's middle half▲ 14.1pp81.4%above the sector's middle half▲ 4.4pp84.6%above the sector's middle half▲ 3.2pp86.0%above the sector's middle half▲ 1.3pp90.1%above the sector's middle half▲ 4.1pp
Current ratio6.88above the sector's middle half▲ 5.175.83above the sector's middle half▼ 1.056.59above the sector's middle half▲ 0.764.66above the sector's middle half▼ 1.936.53above the sector's middle half▲ 1.88
Return on assets (ROA)9.6%within the sector's middle half▲ 13.4pp3.7%within the sector's middle half▼ 5.9pp8.5%within the sector's middle half▲ 4.8pp5.3%within the sector's middle half▼ 3.3pp11.3%within the sector's middle half▲ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 74% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€553,736 ▼ 9.1%
Current assets
€917,671 ▲ 24.1%
Equity and liabilities €1.5m
Equity
€1.3m ▲ 14.4%
Debt
€145,913 ▼ 22.9%
Debt's share of the balance-sheet total falls from 14.0% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€352,461▲
2023 · €246,557
Cash flow
€329,333▲
2023 · €208,630
Debt to equity
0.11▼
2023 · 0.16
ROE
12.5%▲
2023 · 6.1%
Interest coverage
562.14▲
2023 · 173.51
Debt ≤ 1 year
€140,478▼
2023 · €158,846
Debt > 1 year
€5,435▼
2023 · €30,521
Income taxes
€26,246▼
2023 · €38,715
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 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 0.5% 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 20,134 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119,952 | €118,162 | €104,018 | €137,441 | €162,990 | ▲ 18.6% |
| Other operating charges640/8 | - | €10,532 | €12,253 | €15,092 | €9,867 | ▼ 34.6% |
| Gross operating margin9900 | €156,897 | €179,425 | €184,569 | €261,649 | €362,328 | ▲ 38.5% |
| Operating profit (loss)9901 | €27,570 | €50,731 | €68,298 | €109,116 | €189,471 | ▲ 73.6% |
| Financial income75/76B | - | - | €79,138 | €2,209 | €3,745 | ▲ 69.5% |
| Recurring financial income75 | €5,239 | - | €79,138 | €2,209 | €3,543 | ▲ 60.4% |
| Non-recurring financial income76B | - | - | €79,138 | - | €202 | - |
| Financial charges65/66B | - | €3,498 | €2,423 | €1,421 | €627 | ▼ 55.9% |
| Recurring financial charges65 | €3,445 | €3,498 | €2,423 | €1,421 | €627 | ▼ 55.9% |
| Profit (loss) for the period before taxes9903 | €144,814 | €47,233 | €145,013 | €109,904 | €192,589 | ▲ 75.2% |
| Income taxes67/77 | €28,158 | €2,307 | €35,162 | €38,715 | €26,246 | ▼ 32.2% |
| Profit (loss) for the period9904 | €116,656 | €44,926 | €109,851 | €71,189 | €166,343 | ▲ 134% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €30,000 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €150,000 | - |
| Profit (loss) for the period to be appropriated9905 | €116,656 | €44,926 | €109,851 | €71,189 | €46,343 | ▼ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 9.1% |
| Fixed assets21/28 | €406,988 | €513,712 | €433,837 | €608,876 | €553,736 | ▼ 9.1% |
| Tangible fixed assets22/27 | €406,988 | €513,712 | €433,837 | €608,876 | €553,736 | ▼ 9.1% |
| Land and buildings22 | - | €180,421 | €160,858 | €141,294 | €121,731 | ▼ 13.8% |
| Plant, machinery and equipment23 | - | €43,943 | €46,214 | €52,145 | €68,725 | ▲ 31.8% |
| Furniture and vehicles24 | - | €289,348 | €226,765 | €415,437 | €363,280 | ▼ 12.6% |
| Current assets29/58 | €804,904 | €687,632 | €851,839 | €739,642 | €917,671 | ▲ 24.1% |
| Amounts receivable after more than one year29 | - | €3,500 | €3,500 | €15,000 | €15,000 | = |
| Other amounts receivable291 | - | €3,500 | €3,500 | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €46,785 | €48,236 | €33,701 | €86,014 | €30,641 | ▼ 64.4% |
| Trade receivables40 | - | €42,576 | €32,820 | €76,350 | €28,034 | ▼ 63.3% |
| Other amounts receivable41 | - | €5,660 | €881 | €9,664 | €2,607 | ▼ 73.0% |
| Cash at bank and in hand54/58 | €758,119 | €635,896 | €814,638 | €638,628 | €872,030 | ▲ 36.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 9.1% |
| Equity10/15 | €933,185 | €978,111 | €1.1m | €1.2m | €1.3m | ▲ 14.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | - | - | - | - | €120,000 | - |
| Tax-exempt reserves132 | - | - | - | - | €120,000 | - |
| Profit (loss) carried forward14 | €871,185 | €916,111 | €1.0m | €1.1m | €1.1m | ▲ 4.2% |
| Amounts payable17/49 | €278,707 | €223,233 | €197,714 | €189,367 | €145,913 | ▼ 22.9% |
| Amounts payable after more than one year17 | €161,730 | €105,325 | €68,426 | €30,521 | €5,435 | ▼ 82.2% |
| Financial debts170/4 | - | €105,325 | €68,426 | €30,521 | €5,435 | ▼ 82.2% |
| Amounts payable within one year42/48 | €116,977 | €117,908 | €129,288 | €158,846 | €140,478 | ▼ 11.6% |
| Trade debts44 | €4,000 | €4,931 | €10,320 | €45,869 | €22,901 | ▼ 50.1% |
| Suppliers440/4 | - | €4,931 | €10,320 | €45,869 | €22,901 | ▼ 50.1% |
| Taxes, remuneration and social security45 | - | - | €5,991 | - | €4,600 | - |
| Taxes450/3 | - | - | €5,991 | - | €4,600 | - |
| Other amounts payable47/48 | - | €112,977 | €112,977 | €112,977 | €112,977 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,656 | €44,926 | €109,851 | €71,189 | €166,343 | ▲ 134% |
| + Depreciation and write-downs630 | €119,952 | €118,162 | €104,018 | €137,441 | €162,990 | ▲ 18.6% |
| Operating cash flow (approximation) | €236,608 | €163,088 | €213,869 | €208,630 | €329,333 | ▲ 57.9% |
| Investment in fixed assets (approximation) | - | -€224,886 | -€24,143 | -€312,480 | -€107,850 | ▲ 65.5% |
| Change in cash | - | -€122,223 | €178,742 | -€176,010 | €233,402 | ▲ 233% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €166,343 ▲134%
Operating result €189,471, net result €166,343, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €1mEq €1.1m ▲11.2%
3 profitable years in a row build equity to €1.1m.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €116,656
Net result €116,656 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 6.88
Current ratio from 1.71 to 6.88; short-term debt falls from €348,182 to €116,977.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet -€49,378
Net result drops to -€49,378, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
Show earlier events
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 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.
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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, Mont-Saint-Guibert · 1 establishment unit since 1993
Ground area
1,512 m²
Building footprint
118 m²
Volume, LiDAR
646 m³
Parcel 25020B0358/00G002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.D.M.
since 19932.060.172.310
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020B0358/00G002 | Wallonia | 1,512 m² | 1 · 118 m² | 7.6 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.
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Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,144 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448862352
Also
9925:BE0448862352
Registered
17-12-2025
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.