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Generated 18-07-2026
Active BE 0456.800.516Public limited company

V.D. MAX

Dorpweg 25 ·8377 Zuienkerke, Belgium· 30 yrs active
Sector: NACE 42220 (42220)
Conclusion Checked

The computed 12-month bankruptcy probability of V.D. MAX is 0.3% (very low). The 2025 annual accounts show equity of €259k and a net result of €30k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 148 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €259k
Net result €30k
Better than sector 65%
Active 30 yrs
Snowflake analysis 5 axes · computed by Checked
Health100Profitability59Solvency96Growth78Stability100
87 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 59
Solvency 96
Growth 78
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1995, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
100 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 22-12-2025 with the NBB · fiscal year 2025 · micro
€-20k€0€20k€40kOperating result 2021: €22k€22kNet result 2021: €21k€21kOperating result 2022: €24k€24kNet result 2022: €24k€24kOperating result 2023: €20k€20kNet result 2023: €10k€10kOperating result 2024: €13k€13kNet result 2024: €-2k€-2kOperating result 2025: €47k€47kNet result 2025: €30k€30k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~6.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
€150k€200k€250k€300k€350k2026: €276k (€256k - €297k)2027: €295k (€275k - €316k)2028: €316k (€295k - €336k)2019: €174k2020: €175k2021: €196k2022: €220k2023: €230k2024: €228k2025: €259k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 42 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 52.1% 42.1%
better than 65% of 148 sector peers
Net result €30k €9k
better than 71% of 148 sector peers
Equity €259k €43k
better than 95% of 148 sector peers
Gross operating margin €105k €43k
better than 71% of 147 sector peers
Total assets €497k €117k
better than 90% of 148 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€96k
+50.1% +230% vs sector
Net profit
€30k
- +155% vs sector
Cash flow
€79k
+61.1% +233% vs sector
Total assets
€497k
-3.1% far above sector median
Equity
€259k
+13.3% far above sector median
Working capital
€104k
+232.9% +280% vs sector
Income taxes
€-7
- far below sector median
Debt
€238k
-16.4% far above sector median
Debt ≤ 1y
€16k
-74.3% -60% vs sector
Debt > 1y
€219k
0.0% far above sector median
Current ratio
7.48
+398.7% far above sector median
Quick ratio
7.48
+398.7% far above sector median
Solvency
52.1%
+17.0% +37% vs sector
Debt / equity
0.92
-26.2% -43% vs sector
ROE
11.8%
- -63% vs sector
ROA
6.1%
- -68% vs sector
Interest coverage
5.64
+30.6% -64% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€96k
Net profit€30k
Cash flow€79k
Staff costs-
Income taxes-
Dividends-
Total assets€497k
Equity€259k
Debt€238k
of which ≤ 1y€16k
of which > 1y€219k
Working capital€104k
Employees (FTE)-
Ratios (computed)
2025
Current ratio7.48
Quick ratio7.48
Working capital ratio20.9%
Solvency52.1%
Debt / equity0.92
Long-term debt ratio0.85
Interest coverage5.64
Gross margin-
Net margin-
ROA6.1%
ROE11.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€497k
Fixed assets 21/28€377k
Tangible fixed assets 22/27€377k
Current assets 29/58€120k
Amounts receivable within one year 40/41€0
Cash & bank 54/58€118k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€497k
Equity 10/15€259k
Contributions / capital 10/11€94k
Reserves 13€165k
Amounts payable 17/49€238k
Amounts payable after one year 17€219k
Amounts payable within one year 42/48€16k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€105k
Operating result 9901€47k
Financial income 75€584
Financial charges 65€17k
Result before taxes 9903€30k
Net result for the period 9904€30k
Result to be appropriated 9905€30k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 42220
Legal form Public limited company(014)
Incorporation29-12-1995
StatusActive
Postal code8377
Establishment units 1 location
V.D. MAX NV
Dorpweg 25, 8377 ZuienkerkeVerhuur van woningen, exclusief sociale woningen
since 19962.074.719.241
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31018B0283/00T002 Flanders 1,242 m² 1 · 235 m² 8.1 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
22-12-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
31-03-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
17-04-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
10-11-2023
State Gazette act Director changes
Virginie DAEMS
02-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
20-12-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
2020
21-12-2020
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
31-10-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
30-10-2018
NBB filing Annual accounts filed
fiscal year 2018 · micro
2017
29-09-2017
NBB filing Annual accounts filed
fiscal year 2017 · micro
23-01-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
10-11-2023 4 directors appointed, 4 resigning Director changes·Virginie DAEMS
  • Van Haecke Alain, Bestuurder
  • Van Haecke Louis, Bestuurder
  • Dendooven Inge, Bestuurder
  • Dendooven Arthur, Bestuurder
  • Van Haecke Alain, Bestuurder
  • Van Haecke Louis, Bestuurder
  • Dendooven Inge, Bestuurder
  • Dendooven Arthur, Bestuurder
Notary: Virginie DAEMS · ZedelgemFirm: LOMMEE, DAEMS & BOURGOIS
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen45215
Primary activity highlighted.
Names & trade names
Legal nameNL V.D. MAX
Registered office
Dorpweg 25
8377 Zuienkerke, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative