V.R.D.
ActiveV.R.D. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €2k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 80% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+2
Solvency97▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.73 against 3.22 in 2024; short-term debt: 23.3% and cash: 37.5% of total assets), and 28.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
71.6%
Return on assets
0.6%
Age of the figures
9 mo
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
34 d early
2023
41 d early
2022
37 d early
2021
10 d early
2020
44 d early
2019
35 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k
2024 · €-1k
2018: €20k
2019: €8k
2020: €64k
2021: €191
2022: €-6k
2023: €10k
2024: €-1k
2018 → 2025
Working capital
€192k▲ 3.5%
2024 · €185k
2018: €127k
2019: €137k
2020: €206k
2021: €208k
2022: €189k
2023: €184k
2024: €185k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€205k▼ 2.9%€215k▲ 4.8%€214k▼ 0.6%€216k▲ 0.9%
Operating result€11k-€-4k€18k€9k▼ 49.0%€9k▲ 0.4%
Net result€191-€-6k€10k€-1k€2k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301k
Fixed assets
€40k▼ 32.2%
Current assets
€262k▼ 2.6%
Equity and liabilities €301k
Equity
€216k▲ 0.9%
Debt
€86k▼ 24.4%
The debt ratio falls from 34.6% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €30k
Cash flow
€23k▲
2024 · €19k
Solvency
71.6%▲
2024 · 65.4%
Current ratio
3.73▲
2024 · 3.22
Quick ratio
3.73▲
2024 · 3.22
Debt / equity
0.40▼
2024 · 0.53
ROE
0.9%▲
2024 · -0.6%
ROA
0.6%▲
2024 · -0.4%
Interest coverage
14.74▲
2024 · 11.00
Debt
€86k▼
2024 · €113k
Debt ≤ 1 year
€70k▼
2024 · €84k
Debt > 1 year
€13k▼
2024 · €30k
Income taxes
€5k▼
2024 · €8k
Staff costs
€751▲
2024 · €614
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€327k€301k▼
Fixed assets21/28€58k€40k▼
Tangible fixed assets22/27€58k€39k▼
Plant, machinery and equipment23€676€2k▲
Furniture and vehicles24€57k€37k▼
Financial fixed assets28€409€409=
Current assets29/58€269k€262k▼
Amounts receivable within one year40/41€160k€148k▼
Trade receivables40€143k€134k▼
Other amounts receivable41€18k€14k▼
Cash at bank and in hand54/58€106k€113k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€327k€301k▼
Equity10/15€214k€216k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€206k€208k▲
Amounts payable17/49€113k€86k▼
Amounts payable after more than one year17€30k€13k▼
Financial debts170/4€30k€13k▼
Amounts payable within one year42/48€84k€70k▼
Current portion of amounts payable after more than one year42€18k€17k▼
Trade debts44€54k€47k▼
Suppliers440/4€54k€47k▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€614€751▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€201-
Gross operating margin9900€34k€34k▼
Operating profit (loss)9901€9k€9k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€6k€7k▲
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€-1k€2k▲
Profit (loss) for the period to be appropriated9905€-1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€206k€208k▲
Profit (loss) brought forward from the previous period14P€207k€206k▼
The notes to these accounts (7 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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-6k ▼3313%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €64k ▲736%
Operating result €82k, net result €64k, both a record.
31-12
Financial
Equity above €200kEq €211k ▲43%
3 profitable years in a row build equity to €211k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Charleroi · 1 establishment unit since 2000
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.
Rue du Citoyen 16040 CharleroiGround area
193 m²
Building footprint
61 m²
Volume, LiDAR
357 m³
Parcel 52362F0677/00K000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
V.R.D.
since 20002.093.584.553
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52362F0677/00K000 | Wallonia | 193 m² | 1 · 61 m² | 7.0 m · 2 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
VAN ALPHEN LUDWIG
BE 0477.934.836
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HOVERBEKE
BE 0866.230.685
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NTA-aannemingen
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Kasterlee · Eq €213k
V & G BESTRATINGEN ((V&G BESTRATINGEN))
BE 0474.414.924
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CLAES SANDER
BE 0538.594.973
Diepenbeek · Eq €219k
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1999
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
42110Construction of roads and motorways
45230
43331Floor and wall tiling
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.