V.N.D.
ActiveV.N.D. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116k and a net result of €16k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-2
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.56 against 5.55 in 2024; short-term debt: 19% and cash: 6.7% of total assets), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
73.7%
Return on assets
9.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
on the day
2022
on the day
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€116k▲ 15.5%
2024 · €100k
2018: €37k
2019: €38k
2020: €56k
2021: €69k
2022: €81k
2023: €89k
2024: €100k
2018 → 2025
Total assets
€157k▲ 28.9%
2024 · €122k
2018: €41k
2019: €54k
2020: €82k
2021: €102k
2022: €111k
2023: €115k
2024: €122k
2018 → 2025
Net result
€16k▲ 15.8%
2024 · €13k
2018: €4k
2019: €-493
2020: €20k
2021: €14k
2022: €14k
2023: €9k
2024: €13k
2018 → 2025
Working capital
€106k▲ 8.3%
2024 · €98k
2018: €31k
2019: €35k
2020: €53k
2021: €65k
2022: €78k
2023: €86k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€81k▲ 18.0%€89k▲ 9.4%€100k▲ 13.4%€116k▲ 15.5%
Operating result€18k-€18k▼ 1.3%€11k▼ 37.1%€17k▲ 50.5%€20k▲ 15.7%
Net result€14k-€14k▲ 0.2%€9k▼ 34.1%€13k▲ 46.0%€16k▲ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€21k▲ 810%
Current assets
€136k▲ 13.7%
Equity and liabilities €157k
Equity
€116k▲ 15.5%
Debt
€41k▲ 91.4%
The debt ratio rises from 17.7% to 26.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2024 · €19k
Cash flow
€20k▲
2024 · €15k
Solvency
73.7%▼
2024 · 82.3%
Current ratio
4.56▼
2024 · 5.55
Quick ratio
4.56▼
2024 · 5.55
Debt / equity
0.36▲
2024 · 0.21
ROE
13.4%▲
2024 · 13.4%
ROA
9.9%▼
2024 · 11.0%
Interest coverage
19.34▲
2024 · 10.05
Debt
€41k▲
2024 · €22k
Debt ≤ 1 year
€30k▲
2024 · €22k
Debt > 1 year
€7k
Income taxes
€9k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€122k€157k▲
Fixed assets21/28€2k€21k▲
Tangible fixed assets22/27€2k€21k▲
Plant, machinery and equipment23€1k€790▼
Furniture and vehicles24€902€20k▲
Current assets29/58€120k€136k▲
Amounts receivable within one year40/41€109k€125k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€97k€110k▲
Cash at bank and in hand54/58€3k€11k▲
Deferred charges and accrued income490/1€7k€654▼
Equity and liabilities
Total equity and liabilities10/49€122k€157k▲
Equity10/15€100k€116k▲
Contributions10/11€16k€16k=
Reserves13€84k€99k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€73k€88k▲
Profit (loss) carried forward14€205€239▲
Amounts payable17/49€22k€41k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€22k€30k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43€7k€7k=
Credit institutions430/8€7k€7k=
Trade debts44€11k€11k▲
Suppliers440/4€11k€11k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€854€875▲
Gross operating margin9900€20k€26k▲
Operating profit (loss)9901€17k€20k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€21k€24k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€13k€16k▲
Profit (loss) for the period to be appropriated9905€13k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€16k▲
Profit (loss) brought forward from the previous period14P€187€205▲
Transfer to equity691/2€12k€16k▲
To the legal reserve6920-€16k
To other reserves6921€12k-
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €100kEq €100k ▲13.4%
5 profitable years in a row build equity to €100k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €-493 ▼114%
Net result drops to €-493, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kasteelstraat 143723 HasseltGround area
734 m²
Building footprint
174 m²
Volume, LiDAR
633 m³
Parcel 73020A0505/00K000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
V.N.D.
since 20032.133.762.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73020A0505/00K000 | Flanders | 734 m² | 1 · 174 m² | 5.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JABOIS
BE 0828.708.315
Lasne · Eq €116k
KAST-ARTS INVEST
BE 0658.942.675
Kortrijk · Eq €116k
DREVOTREND
BE 0480.241.060
Tenneville · Eq €116k
Gruyaert & Co
BE 0675.509.384
Westerlo · Eq €116k
LEWAL
BE 0465.292.865
Tournai · Eq €116k
Of 1,600 companies in sector 16230 we hold annual accounts for 782. 628 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-10-2003
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
20300
16110Sawmilling and planing of wood
31001Manufacture of furniture
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.