Equity
€9.1m ▲ 9.0%
VRD OPSLAG - DISTRIBUTIE paid out €85,715 in dividends. That is 6% of the 2025 profit.
VRD OPSLAG - DISTRIBUTIE
Lifetime
17 annual accounts with figures on one time axis, 30 filings since 1995peak €7.9m (2024)
€3.7m▼ 52.7%
lowest -€532,086 (2008)
€1.4m▼ 68.8%
peak €9.1m (2025)
€9.1m▲ 9.0%
€6.5m▼ 8.4%
peak 21.8 FTE (2013)
9.8 FTE▼ 10.1%
Board7 names since 2019
3 directorsChatti ABDELMAJID and 2 others
Owners
57.42%Vrd Management
Documentsfilings and deeds
29-11-202529 days late
2025abbreviated format
Gross margin from €7.9m to €3.7mResult from €4.6m to €1.4mStaff from 10.9 FTE to 9.8 FTEResignation: André Van Raemdonck (director) 07-04Dividend €85,715
Key points
from the 2025 annual accountsResult
€1.4m ▼ 68.8%
The result fell in 2025: the 2024 profit included a one-off income of €3.4m.
Turnover
≈ €6.4m estimated
The abbreviated format states no turnover.
Staff
9.8 FTE from 21.8 in 2013
Between 2013 and 2025, 55% of the full-time equivalents disappeared.
Filings
30 annual accounts 9 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€1.4m
Higher net result than 95% of companies in warehousing and transport support. Sector median €31,692 · 887 companies.
Checked score
96
Excellent
Financially stronger than 68% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,306 companies (NACE 52, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: 0.1%▲ +0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025highest value
12-2025: < 0.1%▼ -0.1 percentage points vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 29-11-2025)
lowers risk
Liquidity: current ratio 2.91, cash €7.6m
Founded in 1993
Size: 9.8 FTE, total assets €16.5m
Calculation
The band follows from the bankruptcy probability. 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 52, micro). It does better than 62% of them on solvency, 89% on liquidity, 64% on profitability and 56% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as VRD OPSLAG - DISTRIBUTIE has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VRD OPSLAG - DISTRIBUTIE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for VRD OPSLAG - DISTRIBUTIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.91 (2.53 in 2024), above the usual 1.5. Short-term debt is 25.4% and cash 45.9% of total assets. 44.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-11-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
29 days late
2024
30 days late
2023
3 days early
2022
67 days late
2020
184 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 10 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Board and ownership
SH
Smit Hialmar
Director, since 27-12-2021
- Vrd Management 57.42%equity €2.9m (2025) · 31-03-2025 annual accounts of Vrd Management
Recent changes
Appointment: BV A&C - Bedrijfsrevisor (statutory auditor)
General meeting of 12-02-2026 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 2 more · Bornem
Resignation: André Van Raemdonck (director)
Permanent representative: Van Raemdonck Raoul · General meeting of 11-03-2025 · Gazette deed
3 directors resigning, 4 reappointments
Permanent representative: VAN RAEMDONCK Raoul · Change of role: ABDELMAJID Chatti, from director to managing director · Resignations: VRD MANAGEMENT; VAN RAEMDONCK André and SMIT Hjalmar, Andes, Helmuth · General meeting of 27-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VRD OPSLAG - DISTRIBUTIE Temse | €16.5m | €3.7m | 55.3% | 9.8 |
| LUIK NATIE COLDSTORE Beveren | €22.6m | €3.1m | 22.8% | 8.5 |
| GHENT WAREHOUSING SYSTEMS Ghent | €15.0m | €3.7m | 94.9% | 19.5 |
| LARFROST Menen | €18.7m | €4.4m | 55.8% | 10.7 |
| FLANDERS COLD CENTER Ghent | €9.8m | €3.1m | 78.7% | 6 |
| HPM - Invest Diest | €13.7m | €2.3m | 35.9% | 8 |
| WALGOED Temse | €10.4m | €2.6m | 38.2% | 29.6 |
These companies have the same main activity as VRD OPSLAG - DISTRIBUTIE: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €9.8m and €23m, founded between 1988 and 2004.
Official details
Source: KBO- Status
- Active since 11-10-1993Normal situation
- Activity
- Warehousing and storageNACE 52100and 1 other
- Establishment unit
- 2.064.764.0719140 Temse, since 21-12-1993
- Financial year end
- 31 March
- Peppol
- Reachable since 20-11-2020
Annual accounts to 31-03-2025
- €16.5m▲ 0.9%
- Employeeson 31-03-2025
- 10▲ 11.1%
- Filing
- Filed on 29-11-2025
Insights on VRD OPSLAG - DISTRIBUTIE
VRD OPSLAG - DISTRIBUTIE files the abbreviated format. That format states no turnover. The gross margin rose from €1.6m in 2008 to €3.7m in 2025.
Vrd Management holds 57.42% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VRD OPSLAG - DISTRIBUTIE
- What is the company number of VRD OPSLAG - DISTRIBUTIE?
- The company number of VRD OPSLAG - DISTRIBUTIE is 0451.125.620. The VAT number is the same number with BE in front: BE 0451.125.620.
- Where is VRD OPSLAG - DISTRIBUTIE based?
- The registered office is at Jan de Malschelaan 14, 9140 Temse.Company details
- What does VRD OPSLAG - DISTRIBUTIE do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of VRD OPSLAG - DISTRIBUTIE?
- VRD OPSLAG - DISTRIBUTIE is a public limited company (NV).
- When was VRD OPSLAG - DISTRIBUTIE founded?
- VRD OPSLAG - DISTRIBUTIE was founded on 11-10-1993.
- Is VRD OPSLAG - DISTRIBUTIE still active?
- Yes, VRD OPSLAG - DISTRIBUTIE is an active enterprise in the KBO register.
- How many employees does VRD OPSLAG - DISTRIBUTIE have?
- VRD OPSLAG - DISTRIBUTIE had an average of 9.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of VRD OPSLAG - DISTRIBUTIE?
- The turnover in financial year 2025 is ≈ €6.4m. This figure is estimated from the gross margin of €3.7m and 1,585 comparable companies of the same size. It probably lies between €4.4m and €11.0m. It is a rough estimate.
- Is VRD OPSLAG - DISTRIBUTIE profitable?
- In financial year 2025, VRD OPSLAG - DISTRIBUTIE made a profit of €1.4m.
- Where can I find the annual accounts of VRD OPSLAG - DISTRIBUTIE?
- VRD OPSLAG - DISTRIBUTIE filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.