VBDB
ActiveSummary
VBDB has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €355k and a net result of €63k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.33 against 6.1 in 2024; short-term debt: 12.1% and cash: 28.9% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
86.3%
Return on assets
15.2%
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 19-07-2026, 12 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
12 d early
2024
26 d early
2023
on the day
2023
29 d early
2022
9 d early
2021
on the day
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€355k▲ 8.4%
2024 · €327k
2020: €67klowest value
2021: €126k▲ +88.8% vs 2020
2022: €160k▲ +26.9% vs 2021
2023: €199k▲ +24.0% vs 2022
2023: €251k
2024: €327k▲ +30.1% vs 2023
2025: €355k▲ +8.4% vs 2024highest value
2020 → 2025
Total assets
€411k▲ 5.4%
2024 · €390k
2020: €167klowest value
2021: €201k▲ +20.1% vs 2020
2022: €223k▲ +11.3% vs 2021
2023: €254k▲ +13.5% vs 2022
2023: €333k
2024: €390k▲ +17.1% vs 2023
2025: €411k▲ +5.4% vs 2024highest value
2020 → 2025
Net result
€63k▼ 17.3%
2024 · €76k
2020: €61k
2021: €59k▼ -2.1% vs 2020
2022: €72k▲ +20.4% vs 2021
2023: €38k▼ -46.3% vs 2022lowest value
2023: €53k
2024: €76k▲ +43.3% vs 2023highest value
2025: €63k▼ -17.3% vs 2024
2020 → 2025
Working capital
€216k▲ 1.9%
2024 · €212k
2020: €65klowest value
2021: €96k▲ +48.9% vs 2020
2022: €97k▲ +0.7% vs 2021
2023: €142k▲ +46.2% vs 2022
2023: €134k
2024: €212k▲ +57.6% vs 2023
2025: €216k▲ +1.9% vs 2024highest value
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€160k-€199k▲ 24.0%€251k▲ 26.6%€327k▲ 30.1%€355k▲ 8.4%
2022: €160klowest value
2023: €199k▲ +24.0% vs 2022
2023: €251k
2024: €327k▲ +30.1% vs 2023
2025: €355k▲ +8.4% vs 2024highest value
Operating result€95k-€43k▼ 54.7%€71k▲ 65.3%€88k▲ 24.0%€80k▼ 9.2%
2022: €95khighest value
2023: €43k▼ -54.7% vs 2022lowest value
2023: €71k
2024: €88k▲ +24.0% vs 2023
2025: €80k▼ -9.2% vs 2024
Net result€72k-€38k▼ 46.3%€53k▲ 37.5%€76k▲ 43.3%€63k▼ 17.3%
2022: €72k
2023: €38k▼ -46.3% vs 2022lowest value
2023: €53k
2024: €76k▲ +43.3% vs 2023highest value
2025: €63k▼ -17.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €411k
Fixed assets
€146k ▲ 6.4%
Current assets
€266k ▲ 4.9%
Equity and liabilities €411k
Equity
€355k ▲ 8.4%
Debt
€57k ▼ 10.1%
Debt's share of the balance-sheet total falls from 16.1% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€121k▼
2024 · €124k
Cash flow
€103k▼
2024 · €111k
Current ratio
5.33▼
2024 · 6.10
Quick ratio
5.03▼
2024 · 5.99
Debt to equity
0.16▼
2024 · 0.19
ROE
17.6%▼
2024 · 23.1%
ROA
15.2%▼
2024 · 19.4%
Interest coverage
19.19▼
2024 · 42.12
Debt ≤ 1 year
€50k▲
2024 · €42k
Debt > 1 year
€6k▼
2024 · €21k
Income taxes
€18k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€390k€411k▲
Fixed assets21/28€137k€146k▲
Tangible fixed assets22/27€137k€146k▲
Land and buildings22€10k€16k▲
Plant, machinery and equipment23€20k€31k▲
Furniture and vehicles24€106k€99k▼
Current assets29/58€253k€266k▲
Stocks and contracts in progress3€4k€15k▲
Stocks30/36€4k€15k▲
Amounts receivable within one year40/41€32k€38k▲
Trade receivables40€23k€28k▲
Other amounts receivable41€9k€10k▲
Current investments50/53€53k€87k▲
Cash at bank and in hand54/58€159k€119k▼
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€390k€411k▲
Equity10/15€327k€355k▲
Contributions10/11€19k€19k=
Reserves13€100k€65k▼
Distributable reserves133€100k€65k▼
Profit (loss) carried forward14€209k€271k▲
Amounts payable17/49€63k€57k▼
Amounts payable after more than one year17€21k€6k▼
Financial debts170/4€21k€6k▼
Amounts payable within one year42/48€42k€50k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€2k€11k▲
Suppliers440/4€2k€11k▲
Taxes, remuneration and social security45€24k€23k▼
Taxes450/3€24k€19k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€965€1k▲
Accrued charges and deferred income492/3-€271
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€41k▲
Other operating charges640/8€754€832▲
Gross operating margin9900€125k€122k▼
Operating profit (loss)9901€88k€80k▼
Financial income75/76B€11k€6k▼
Recurring financial income75€11k€6k▼
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€96k€80k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€76k€63k▼
Profit (loss) for the period to be appropriated9905€76k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€209k€271k▲
Profit (loss) brought forward from the previous period14P€133k€209k▲
Transfer from equity791/2-€35k
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €22k | €25k | €35k | €41k | ▲ 15.7% |
| Other operating charges640/8 | €958 | €1k | €821 | €754 | €832 | ▲ 10.3% |
| Non-recurring operating charges66A | €53 | - | - | - | - | - |
| Gross operating margin9900 | €117k | €67k | €97k | €125k | €122k | ▼ 2.0% |
| Operating profit (loss)9901 | €95k | €43k | €71k | €88k | €80k | ▼ 9.2% |
| Financial income75/76B | €5 | €12k | €272 | €11k | €6k | ▼ 41.2% |
| Recurring financial income75 | €5 | €12k | €272 | €11k | €6k | ▼ 41.2% |
| Financial charges65/66B | €733 | €1k | €1k | €3k | €6k | ▲ 115% |
| Recurring financial charges65 | €733 | €1k | €1k | €3k | €6k | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €95k | €54k | €70k | €96k | €80k | ▼ 16.5% |
| Income taxes67/77 | €23k | €15k | €17k | €20k | €18k | ▼ 13.3% |
| Profit (loss) for the period9904 | €72k | €38k | €53k | €76k | €63k | ▼ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €72k | €38k | €53k | €76k | €63k | ▼ 17.3% |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €223k | €254k | €333k | €390k | €411k | ▲ 5.4% |
| Fixed assets21/28 | €78k | €60k | €153k | €137k | €146k | ▲ 6.4% |
| Tangible fixed assets22/27 | €78k | €60k | €153k | €137k | €146k | ▲ 6.4% |
| Land and buildings22 | €12k | €12k | €11k | €10k | €16k | ▲ 52.7% |
| Plant, machinery and equipment23 | €21k | €17k | €21k | €20k | €31k | ▲ 54.2% |
| Furniture and vehicles24 | €45k | €31k | €122k | €106k | €99k | ▼ 7.2% |
| Current assets29/58 | €146k | €194k | €180k | €253k | €266k | ▲ 4.9% |
| Stocks and contracts in progress3 | - | - | - | €4k | €15k | ▲ 250% |
| Stocks30/36 | - | - | - | €4k | €15k | ▲ 250% |
| Amounts receivable within one year40/41 | €27k | €23k | €25k | €32k | €38k | ▲ 19.0% |
| Trade receivables40 | €27k | €23k | €24k | €23k | €28k | ▲ 18.9% |
| Other amounts receivable41 | €4 | €4 | €328 | €9k | €10k | ▲ 19.2% |
| Current investments50/53 | €75k | €55k | €69k | €53k | €87k | ▲ 63.6% |
| Cash at bank and in hand54/58 | €41k | €114k | €84k | €159k | €119k | ▼ 25.4% |
| Deferred charges and accrued income490/1 | €3k | €2k | €2k | €5k | €7k | ▲ 50.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €223k | €254k | €333k | €390k | €411k | ▲ 5.4% |
| Equity10/15 | €160k | €199k | €251k | €327k | €355k | ▲ 8.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €60k | €80k | €100k | €100k | €65k | ▼ 35.0% |
| Distributable reserves133 | €60k | €80k | €100k | €100k | €65k | ▼ 35.0% |
| Profit (loss) carried forward14 | €82k | €100k | €133k | €209k | €271k | ▲ 30.0% |
| Amounts payable17/49 | €63k | €55k | €82k | €63k | €57k | ▼ 10.1% |
| Amounts payable after more than one year17 | €14k | €3k | €36k | €21k | €6k | ▼ 70.1% |
| Financial debts170/4 | €14k | €3k | €36k | €21k | €6k | ▼ 70.1% |
| Amounts payable within one year42/48 | €49k | €52k | €46k | €42k | €50k | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €20k | €15k | €15k | ▲ 3.1% |
| Trade debts44 | €861 | €2k | €400 | €2k | €11k | ▲ 441% |
| Suppliers440/4 | €861 | €2k | €400 | €2k | €11k | ▲ 441% |
| Taxes, remuneration and social security45 | €33k | €35k | €21k | €24k | €23k | ▼ 5.9% |
| Taxes450/3 | €33k | €35k | €17k | €24k | €19k | ▼ 19.7% |
| Remuneration and social security454/9 | - | - | €3k | - | €3k | - |
| Other amounts payable47/48 | €4k | €4k | €5k | €965 | €1k | ▲ 27.7% |
| Accrued charges and deferred income492/3 | €474 | €185 | €210 | - | €271 | - |
| Line | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €38k | €53k | €76k | €63k | ▼ 17.3% |
| + Depreciation and write-downs630 | €20k | €22k | €25k | €35k | €41k | ▲ 15.7% |
| Operating cash flow (approximation) | €92k | €61k | €78k | €111k | €103k | ▼ 6.8% |
| Investment in fixed assets (approximation) | - | €-4k | - | €-19k | €-50k | ▼ 162% |
| Change in cash | - | €74k | - | €75k | €-40k | ▼ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €76k ▲43.3%
Net result €76k, the highest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €251k ▲26.6%
5 profitable years in a row build equity to €251k.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €38k ▼46.3%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
2022
22-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150kEq €160k ▲26.9%
3 profitable years in a row build equity to €160k.
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100kEq €126k ▲88.8%
2 profitable years in a row build equity to €126k.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Knokke-Heist · 1 establishment unit since 2019
Ground area
857 m²
Building footprint
191 m²
Volume, LiDAR
821 m³
Parcel 31039E0108/00Z002, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VBDB
since 20192.287.804.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0108/00Z002 | Flanders | 857 m² | 1 · 191 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500B6CCAD3AB84761
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Contact
E-mail
vbdb@telenet.beKnokke-Heist
Scores and ratios are computed by Checked and are not a credit decision.