V&D Services
ActiveSummary
V&D Services has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,373 and a net result of €1,096. Equity is growing by about 5.8% per year across the filed financial years. Its solvency ranks better than 57% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- €70,373
- Profit
- €1,096
Why 64raises riskLiquidity: current ratio 1.89, cash €352Size: total assets €134,291Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Profit of €1,096 (financial year 2025)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro): better than 57% on solvency, 15% on liquidity, 26% on profitability and 41% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €9,453
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 67% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,475 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 5,048 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,318 | €1,733 | €1,801 | €2,489 | €1,513 | €4,114 | €4,108 | €4,547 | ▲ 10.7% |
| Other operating charges640/8 | - | - | - | €468 | €481 | €1,592 | €1,096 | €1,189 | ▲ 8.5% |
| Gross operating margin9900 | €33,100 | €17,199 | €10,296 | €70,211 | -€4,970 | -€93 | €14,656 | €8,873 | ▼ 39.5% |
| Operating profit (loss)9901 | €31,626 | €15,334 | €8,029 | €67,254 | -€6,965 | -€5,798 | €9,453 | €3,137 | ▼ 66.8% |
| Financial income75/76B | - | - | - | €29 | €160 | €537 | €133 | €413 | ▲ 211% |
| Recurring financial income75 | - | €2 | €6 | €29 | €160 | €537 | €133 | €413 | ▲ 211% |
| Financial charges65/66B | - | - | - | €112 | €541 | €338 | €39 | €1,783 | ▲ 46× |
| Recurring financial charges65 | €36 | €46 | €114 | €112 | €541 | €338 | €39 | €1,783 | ▲ 46× |
| Profit (loss) for the period before taxes9903 | €31,590 | €15,290 | €7,921 | €67,172 | -€7,346 | -€5,600 | €9,546 | €1,767 | ▼ 81.5% |
| Income taxes67/77 | €10,392 | €4,163 | €1,816 | €19,026 | - | €80 | €93 | €671 | ▲ 622% |
| Profit (loss) for the period9904 | €21,198 | €11,128 | €6,105 | €48,145 | -€7,346 | -€5,680 | €9,453 | €1,096 | ▼ 88.4% |
| Profit (loss) for the period to be appropriated9905 | €21,198 | €11,128 | €6,105 | €48,145 | -€7,346 | -€5,680 | €9,453 | €1,096 | ▼ 88.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €93,187 | €148,532 | €90,169 | €159,255 | €130,996 | €115,217 | €134,639 | €134,291 | ▼ 0.3% |
| Fixed assets21/28 | €2,844 | €4,632 | €10,397 | €7,908 | €6,394 | €19,038 | €14,929 | €13,370 | ▼ 10.4% |
| Tangible fixed assets22/27 | €2,844 | €4,632 | €10,397 | €7,908 | €6,394 | €19,038 | €14,929 | €13,370 | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | €7,908 | €6,394 | €5,227 | €4,471 | €3,714 | ▼ 16.9% |
| Furniture and vehicles24 | - | - | - | - | - | €13,810 | €10,459 | €9,655 | ▼ 7.7% |
| Current assets29/58 | €90,343 | €143,900 | €79,772 | €151,348 | €124,602 | €96,179 | €119,709 | €120,922 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €79,367 | €140,590 | €73,331 | €144,905 | €98,291 | €80,521 | €109,665 | €110,893 | ▲ 1.1% |
| Trade receivables40 | - | - | - | €144,905 | €83,243 | €65,516 | €102,261 | €101,494 | ▼ 0.8% |
| Other amounts receivable41 | - | - | - | - | €15,048 | €15,005 | €7,403 | €9,399 | ▲ 26.9% |
| Current investments50/53 | - | - | €2,339 | €4,677 | €6,604 | €6,712 | €6,712 | €6,712 | = |
| Cash at bank and in hand54/58 | €10,977 | €3,310 | €4,102 | €1,765 | €16,742 | €5,260 | €367 | €352 | ▼ 4.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,965 | €3,685 | €2,965 | €2,965 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €93,187 | €148,532 | €90,169 | €159,255 | €130,996 | €115,217 | €134,639 | €134,291 | ▼ 0.3% |
| Equity10/15 | €39,798 | €50,926 | €57,030 | €105,176 | €97,830 | €92,150 | €69,277 | €70,373 | ▲ 1.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,198 | €32,326 | €38,430 | €86,576 | €86,576 | €86,576 | €54,250 | €54,250 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €84,716 | €84,716 | €86,576 | €54,250 | €54,250 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€7,346 | -€13,026 | -€3,573 | -€2,477 | ▲ 30.7% |
| Amounts payable17/49 | €53,389 | €97,606 | €33,139 | €54,079 | €33,166 | €23,067 | €65,361 | €63,918 | ▼ 2.2% |
| Amounts payable within one year42/48 | €53,389 | €97,606 | €33,139 | €54,079 | €33,166 | €23,067 | €65,361 | €63,918 | ▼ 2.2% |
| Trade debts44 | €35,457 | €72,509 | €16,479 | €21,775 | €9,296 | €19,452 | €22,192 | €25,099 | ▲ 13.1% |
| Suppliers440/4 | - | - | - | €21,775 | €9,296 | €19,452 | €22,192 | €25,099 | ▲ 13.1% |
| Taxes, remuneration and social security45 | - | - | - | €31,159 | €22,282 | €2,026 | €9,255 | €6,521 | ▼ 29.5% |
| Taxes450/3 | - | - | - | €31,159 | €22,282 | €2,026 | €9,255 | €6,521 | ▼ 29.5% |
| Other amounts payable47/48 | - | - | - | €1,145 | €1,588 | €1,588 | €33,914 | €32,298 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,198 | €11,128 | €6,105 | €48,145 | -€7,346 | -€5,680 | €9,453 | €1,096 | ▼ 88.4% |
| + Depreciation and write-downs630 | €1,318 | €1,733 | €1,801 | €2,489 | €1,513 | €4,114 | €4,108 | €4,547 | ▲ 10.7% |
| Operating cash flow (approximation) | €22,516 | €12,860 | €7,905 | €50,635 | -€5,833 | -€1,566 | €13,561 | €5,643 | ▼ 58.4% |
| Investment in fixed assets (approximation) | - | -€3,521 | -€7,565 | €0 | €0 | -€16,758 | €0 | -€2,987 | - |
| Change in cash | - | -€7,667 | €792 | -€2,337 | €14,976 | -€11,481 | -€4,893 | -€15 | ▲ 99.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00196124 |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00162943 |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00133243 |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00146512 |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161640 |
| 31-12-2020 | micro format | 02-07-2021 | 2021-29000147 |
| 31-12-2019 | micro format | 28-08-2020 | 2020-45700296 |
| 31-12-2018 | micro format | 17-06-2019 | 2019-18600137 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Cortvriendt Vicky |
|
Owners and capital
Capital and shareholders
- 10-11-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-11
Gazette deed
Resignation: Cortvriendt Vicky (manager)Appointment: Cortvriendt Vicky (director) · Registered office clause · Power of attorney13 facts ▸
- Registered office clause, “9980 SINT-LAUREINS,Nieuwbedelf 17, vijfde besluit” (deed in Dutch)
- Power of attorney
- Power of attorney, Bart Van de Keere
- General meeting, 07-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Director resignation, Cortvriendt Vicky (manager (not named in the articles))
- Director appointment, Cortvriendt Vicky (director (not named in the articles))
- Other provision, “bevestiging niet getroffen door verzetsmaatregel” (deed in Dutch)
- Director discharge, Cortvriendt Vicky
- Other provision, “Titelii.eigen vermogen en inbrengen” (deed in Dutch)
- +1 further fact in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 43014A0810/00E000 | Flanders | 1,058 m² | 1 · 182 m² | 9.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aannemingsbedrijf in laswerken; De vervaardiging en montage van metalen constructiewerken en gebinten voor de bouw,de vervaardiging van…” (deed in Dutch)
15 activities (deed in Dutch)
- Aannemingsbedrijf in laswerken
- De vervaardiging en montage van metalen constructiewerken en gebinten voor de bouw,de vervaardiging van gesmede werkstukken van metaal voor rekening van derden,de vervaardiging en de montage van gesmede werkstukken.
- De vervaardiging van metalen werkstukken voor rekening van derden door toepassing van diverse technieken zoals boren,frezen,vonkerosief bewerken,schaven,lappen,trekfrezen,vlakken,zagen,slijpen en alle mogelijke bewerkingen met metaal.
- Onderhoud en herstellingswerken van mechanische aard voor rekening van derden.
- Herstellen en onderhoud van mechanische onderdelen en de elektrische installatie van voertuigen,carrosserieherstellingen inclusief spuiten en verven.
- Het verlenen van bijstand,leiding aan bedrijven,advies en consultancy,begeleiding,het geven van opleidingen,workshops en coaching aan privépersonen,instellingen en bedrijven,voornamelijk doch niet aansluitend inzake alle aspecten van bedrijfsvoering in de ruimte betekenis en in het bijzonder inzake management en sales,zowel als technische,commerciële,operationele als administratieve aard in de ruimste zin.
- De coördinatie en begeleiding in projectontwikkeling.
- Het verstrekken van raad,beheers en bestuursadviezen,het waarnemen van belangen,de zaakvoering,het opnemen en uitoefenen van alle bestuursopdrachten,mandaten en functies in andere vennootschappen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals aanen verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten.Zij mag kredieten afsluiten,gewaarborgd met of zonder hypotheek op haar eigendommen.
- Het sluiten van roerende of onroerende leasing,zowel als leasingnemer als leasinggever.Het aanleggen,het oordeelkundig uitbouwen van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur,de ruil,in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen.
- De vennootschap mag alle roerende,onroerende,financiële,industriële,commerciële of burgerrechtelijke handelingen verrichten,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die van die aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden en die daartoe noodzakelijk,nuttig of zelfs bevorderend zijn.
- De vennootschap kan alle verrichtingen die rechtstreeks en/of onrechtstreeks betrekking hebben op het oordeelkundig beheer,uitbreiding,verfraaiing en transformatie van eigen roerend of onroerend patrimonium.
- De vennootschap kan eveneens optreden als tussenpersoon in de handel.Ze kan rechtstreeks of onrechtstreeks deelnemen aan alle industriële,commerciële,financiële operaties die rechtstreeks of onrechtstreeks te maken hebben met haar voorwerp of de realisatie ervan bevorderen.Dit zowel bij wijze van oprichting van nieuwe vennootschappen,samenwerkingen,deelnemingen,fusies,inbrengen of participaties in andere samenwerkingsverbanden.
- De vennootschap is bevoegd op deel te nemen,onder gelijk welke vorm,aan de oprichting,uitbreiding of omzetting,fusie,opslorping,het bestuur en controle van ondernemingen met gelijkaardige,aanverwante of aanvullende activiteiten.De vennootschap kan optreden als bestuurder of vereffenaar in andere vennootschappen.
- Deze opsomming is niet beperkend zodat de vennootschap alle handelingen kan stellen die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- V&D Services
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, vestiging administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder afzonderlijk vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering met naleving regels statutenwijziging, op elk moment” (deed in Dutch)“Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten” (deed in Dutch)