V.D.M.
ActiveSummary
The computed 12-month bankruptcy probability of V.D.M. is 3.3% (moderate). The 2025 annual accounts show negative equity (-€20,089) and a net result of -€24,470. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 3770 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-28
Solvency0▼-36
Growth22▼-30
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.83 in 2024; short-term debt: 161.2% and cash: 5.3% of total assets), and equity is negative.
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Signals
Seven 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-61.2%
Return on assets
-74.6%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€20,089
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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
48 d late
2024
40 d late
2023
37 d late
2022
122 d late
2021
26 d late
2020
24 d late
2019
31 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 47 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 9 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€242,428▲ 18.9%
2020 · €203,857
EBIT margin
27.3%▲ 18.1pp
2020 · 9.2%
Net result
-€24,470▼ 1,121%
2024 · -€2,004
Working capital
-€28,805▼ 398%
2024 · -€5,781
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line20212022202320242025
Turnover€242,428▲ 18.9%
Operating result€66,179▲ 254%-€19,018€3,912€298▼ 92.4%-€22,897
Net result€62,783above the sector's middle half▲ 357%-€20,118below the sector's middle half-€109within the sector's middle half▲ 99.5%-€2,004within the sector's middle half▼ 1,745%-€24,470below the sector's middle half▼ 1,121%
EBIT margin27.3%▲ 18.1pp
Equity€26,612within the sector's middle half€6,494within the sector's middle half▼ 75.6%€6,385within the sector's middle half▼ 1.7%€4,381within the sector's middle half▼ 31.4%-€20,089below the sector's middle half
Total assets€88,650within the sector's middle half▲ 9.3%€51,806within the sector's middle half▼ 41.6%€44,162below the sector's middle half▼ 14.8%€41,010below the sector's middle half▼ 7.1%€32,805below the sector's middle half▼ 20.0%
Debt€62,037▼ 47.1%€45,311▼ 27.0%€37,776▼ 16.6%€36,629▼ 3.0%€52,893▲ 44.4%
Working capital€16,629within the sector's middle half-€10,101within the sector's middle half-€6,663within the sector's middle half▲ 34.0%-€5,781within the sector's middle half▲ 13.2%-€28,805within the sector's middle half▼ 398%
Solvency30.0%within the sector's middle half▲ 74.6pp12.5%within the sector's middle half▼ 17.5pp14.5%within the sector's middle half▲ 1.9pp10.7%within the sector's middle half▼ 3.8pp-61.2%below the sector's middle half▼ 71.9pp
Current ratio1.27within the sector's middle half▲ 0.630.78within the sector's middle half▼ 0.490.82within the sector's middle half▲ 0.050.83within the sector's middle half▲ 0.010.46below the sector's middle half▼ 0.38
Return on assets (ROA)70.8%above the sector's middle half▲ 53.9pp-38.8%below the sector's middle half▼ 109.7pp-0.2%within the sector's middle half▲ 38.6pp-4.9%within the sector's middle half▼ 4.6pp-74.6%below the sector's middle half▼ 69.7pp
Staff (FTE)5▲ 100%3.4▼ 32.0%2▼ 41.2%2.5▲ 25.0%2below the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22,897 after €298 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,805
Fixed assets
€8,717 ▼ 28.9%
Current assets
€24,088 ▼ 16.2%
Key figures and ratios
EBITDA
-€19,358▼
2024 · €4,164
Cash flow
-€20,931▼
2024 · €1,863
Quick ratio
0.40▼
2024 · 0.77
Debt to equity
-2.63▼
2024 · 8.36
Interest coverage
-5.80▼
2024 · 1.80
Debt ≤ 1 year
€52,893▲
2024 · €34,536
Staff costs
€48,988▲
2024 · €37,124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.3% 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 6,622 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €242,428 | - | - | - | - | - |
| Non-recurring operating income76A | €308 | - | - | €177 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €184,583 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €8,705 | €28,695 | €29,543 | €37,124 | €48,988 | ▲ 32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,144 | €4,738 | €3,547 | €3,867 | €3,539 | ▼ 8.5% |
| Other operating charges640/8 | €2,253 | €821 | €1,256 | €1,548 | €1,199 | ▼ 22.6% |
| Non-recurring operating charges66A | €451 | €47,000 | €1,135 | €0 | €82 | ▲ 58,236% |
| Gross operating margin9900 | €78,733 | €62,235 | €39,393 | €42,837 | €30,911 | ▼ 27.8% |
| Operating profit (loss)9901 | €66,179 | -€19,018 | €3,912 | €298 | -€22,897 | ▼ 7,796% |
| Financial income75/76B | €3 | - | - | €6 | €1,767 | ▲ 30,203% |
| Recurring financial income75 | €3 | - | - | €6 | €1,767 | ▲ 30,203% |
| Financial charges65/66B | €3,399 | €1,100 | €4,021 | €2,307 | €3,339 | ▲ 44.7% |
| Recurring financial charges65 | €3,399 | €1,032 | €4,021 | €2,307 | €3,339 | ▲ 44.7% |
| Non-recurring financial charges66B | - | €68 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €62,783 | -€20,118 | -€109 | -€2,004 | -€24,470 | ▼ 1,121% |
| Profit (loss) for the period9904 | €62,783 | -€20,118 | -€109 | -€2,004 | -€24,470 | ▼ 1,121% |
| Profit (loss) for the period to be appropriated9905 | €62,783 | -€20,118 | -€109 | -€2,004 | -€24,470 | ▼ 1,121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,650 | €51,806 | €44,162 | €41,010 | €32,805 | ▼ 20.0% |
| Fixed assets21/28 | €9,984 | €16,595 | €13,048 | €12,256 | €8,717 | ▼ 28.9% |
| Tangible fixed assets22/27 | €5,472 | €12,084 | €8,537 | €7,744 | €4,205 | ▼ 45.7% |
| Plant, machinery and equipment23 | €1,348 | €1,348 | €1,078 | €809 | €539 | ▼ 33.3% |
| Furniture and vehicles24 | €4,124 | €10,736 | €7,458 | €4,847 | €2,002 | ▼ 58.7% |
| Other tangible fixed assets26 | - | - | - | €2,089 | €1,664 | ▼ 20.3% |
| Financial fixed assets28 | €4,512 | €4,512 | €4,512 | €4,512 | €4,512 | = |
| Current assets29/58 | €78,666 | €35,210 | €31,113 | €28,755 | €24,088 | ▼ 16.2% |
| Stocks and contracts in progress3 | €5,583 | €7,161 | €2,038 | €2,031 | €2,910 | ▲ 43.3% |
| Stocks30/36 | €5,583 | €7,161 | €2,038 | €2,031 | €2,910 | ▲ 43.3% |
| Amounts receivable within one year40/41 | €23,927 | €27,960 | €26,307 | €24,150 | €19,429 | ▼ 19.5% |
| Trade receivables40 | €23,927 | €27,790 | €25,735 | €24,114 | €19,373 | ▼ 19.7% |
| Other amounts receivable41 | - | €170 | €572 | €36 | €56 | ▲ 55.6% |
| Cash at bank and in hand54/58 | €48,426 | - | €2,768 | €2,574 | €1,749 | ▼ 32.0% |
| Deferred charges and accrued income490/1 | €730 | €89 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,650 | €51,806 | €44,162 | €41,010 | €32,805 | ▼ 20.0% |
| Equity10/15 | €26,612 | €6,494 | €6,385 | €4,381 | -€20,089 | ▼ 558% |
| Contributions10/11 | €18,600 | €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 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €6,152 | -€13,966 | -€14,075 | -€16,079 | -€40,549 | ▼ 152% |
| Amounts payable17/49 | €62,037 | €45,311 | €37,776 | €36,629 | €52,893 | ▲ 44.4% |
| Amounts payable after more than one year17 | - | - | - | €2,093 | - | - |
| Financial debts170/4 | - | - | - | €2,093 | - | - |
| Amounts payable within one year42/48 | €62,037 | €45,311 | €37,776 | €34,536 | €52,893 | ▲ 53.2% |
| Current portion of amounts payable after more than one year42 | €2,342 | €1,757 | €2,415 | €96 | - | - |
| Financial debts43 | - | €11,980 | €12,458 | €10,661 | €23,437 | ▲ 120% |
| Credit institutions430/8 | - | €11,980 | €12,458 | €10,661 | €23,437 | ▲ 120% |
| Trade debts44 | €32,930 | €21,789 | €15,252 | €13,130 | €19,158 | ▲ 45.9% |
| Suppliers440/4 | €32,930 | €21,789 | €15,252 | €13,130 | €19,158 | ▲ 45.9% |
| Taxes, remuneration and social security45 | €12,470 | €4,875 | €3,020 | €5,153 | €4,714 | ▼ 8.5% |
| Taxes450/3 | €399 | €1,503 | - | €822 | €6 | ▼ 99.3% |
| Remuneration and social security454/9 | €12,070 | €3,372 | €3,020 | €4,331 | €4,708 | ▲ 8.7% |
| Other amounts payable47/48 | €14,295 | €4,911 | €4,631 | €5,496 | €5,584 | ▲ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,783 | -€20,118 | -€109 | -€2,004 | -€24,470 | ▼ 1,121% |
| + Depreciation and write-downs630 | €1,144 | €4,738 | €3,547 | €3,867 | €3,539 | ▼ 8.5% |
| Operating cash flow (approximation) | €63,928 | -€15,380 | €3,438 | €1,863 | -€20,931 | ▼ 1,224% |
| Investment in fixed assets (approximation) | - | -€11,349 | €0 | -€3,074 | €0 | ▲ 100% |
| Change in cash | - | - | - | -€194 | -€824 | ▼ 324% |
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
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €62,783 ▲357%
Operating result €66,179, net result €62,783, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Back to profitnet €13,743
Net result €13,743 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€33,547
Net result drops to -€33,547, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Philippeville · 2 establishment units since 2001
Ground area
649 m²
Building footprint
281 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
Rue Eglise-St-Philippe 5, 5600 Philippeville
since 20012.094.470.817
l'Actuel
since 20022.176.158.673
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93022K0703/00P000 | Wallonia | 367 m² | 1 · 205 m² | - |
| 93056D0404/00F000 | Wallonia | 282 m² | 1 · 76 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 sitePhilippeville2.094.470.817
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,778. 4,880 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474535084
Registered
29-12-2025
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.