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VBDEVCO

Active
Private limited companyfounded 20251 year activeBisschopstraat 13, 9050 Gent, BelgiumKBO/BCE: BE 1020.678.837
Summary

VBDEVCO has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,444 and a net result of €20,444. Its solvency ranks better than 75% of 16,815 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€23,444
Total assets
€36,701
Net result
€20,444
Working capital
€22,986

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €36,701
Fixed assets €617
Current assets €36,083
Equity and liabilities €36,701
Equity €23,444
Debt €13,257
Debt finances 36.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€26,480
Cash flow
€20,486
Current ratio
2.76
Debt to equity
0.57
ROE
87.2%
ROA
55.7%
Interest coverage
349.89
Debt ≤ 1 year
€13,097
Income taxes
€5,918

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 11,280 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€36,701
Fixed assets21/28€617
Tangible fixed assets22/27€617
Furniture and vehicles24€617
Current assets29/58€36,083
Amounts receivable within one year40/41€12,627
Trade receivables40€12,492
Other amounts receivable41€135
Cash at bank and in hand54/58€23,390
Deferred charges and accrued income490/1€66
Equity and liabilities
Total equity and liabilities10/49€36,701
Equity10/15€23,444
Contributions10/11€3,000
Profit (loss) carried forward14€20,444
Amounts payable17/49€13,257
Amounts payable within one year42/48€13,097
Trade debts44€893
Suppliers440/4€893
Taxes, remuneration and social security45€12,204
Taxes450/3€10,354
Remuneration and social security454/9€1,850
Accrued charges and deferred income492/3€160
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43
Gross operating margin9900€26,480
Operating profit (loss)9901€26,437
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€76
Recurring financial charges65€76
Profit (loss) for the period before taxes9903€26,361
Income taxes67/77€5,918
Profit (loss) for the period9904€20,444
Profit (loss) for the period to be appropriated9905€20,444
Appropriation of the result
Profit (loss) to be appropriated9906€20,444

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43
Gross operating margin9900€26,480
Operating profit (loss)9901€26,437
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€76
Recurring financial charges65€76
Profit (loss) for the period before taxes9903€26,361
Income taxes67/77€5,918
Profit (loss) for the period9904€20,444
Profit (loss) for the period to be appropriated9905€20,444
Line2025
Assets
Total assets20/58€36,701
Fixed assets21/28€617
Tangible fixed assets22/27€617
Furniture and vehicles24€617
Current assets29/58€36,083
Amounts receivable within one year40/41€12,627
Trade receivables40€12,492
Other amounts receivable41€135
Cash at bank and in hand54/58€23,390
Deferred charges and accrued income490/1€66
Equity and liabilities
Total equity and liabilities10/49€36,701
Equity10/15€23,444
Contributions10/11€3,000
Profit (loss) carried forward14€20,444
Amounts payable17/49€13,257
Amounts payable within one year42/48€13,097
Trade debts44€893
Suppliers440/4€893
Taxes, remuneration and social security45€12,204
Taxes450/3€10,354
Remuneration and social security454/9€1,850
Accrued charges and deferred income492/3€160
Line2025
Profit (loss) for the period9904€20,444
+ Depreciation and write-downs630€43
Operating cash flow (approximation)€20,486

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 9,686 companies in this sector we hold annual accounts for 7,459. 4,284 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector