VBDP
ActiveSummary
VBDP has been active since 1951 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €240,130 and a net result of -€22,858. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-21
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 84.63; short-term debt: 0.9% and cash: 44.4% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Four 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,858
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
2 d early
2023
44 d early
2022
28 d late
2021
31 d late
2020
13 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Lebbeke, Real estate sector
Equity
€240,130▼ 8.7%
2024 · €262,989
Total assets
€243,620▼ 8.6%
2024 · €266,401
Net result
-€22,858▼ 892%
2024 · -€2,305
Working capital
€174,754▼ 33.9%
2024 · €264,389
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,979▲ 739%€1,157▼ 96.5%€41,135▲ 3,456%-€2,495-€23,340▼ 835%
Net result€29,491▲ 1,082%€167▼ 99.4%€37,155▲ 22,170%-€2,305-€22,858▼ 892%
Equity€259,772▲ 12.8%€259,938▲ 0.1%€297,093▲ 14.3%€262,989▼ 11.5%€240,130▼ 8.7%
Total assets€275,285▲ 12.9%€267,537▼ 2.8%€304,820▲ 13.9%€266,401▼ 12.6%€243,620▼ 8.6%
Debt€15,514▲ 14.7%€7,599▼ 51.0%€7,727▲ 1.7%€3,413▼ 55.8%€3,490▲ 2.2%
Working capital€261,172▲ 15.2%€261,338▲ 0.1%€298,493▲ 14.2%€264,389▼ 11.4%€174,754▼ 33.9%
Staff (FTE)0.3▼ 62.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,340 in 2025 against €2,495 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,620
Fixed assets
€66,776
Current assets
€176,844
Equity and liabilities €243,620
Equity
€240,130 ▼ 8.7%
Debt
€3,490 ▲ 2.2%
Debt's share of the balance-sheet total rises from 1.3% to 1.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
84.63
Quick ratio
71.44
Debt to equity
0.01▲
2024 · 0.01
ROE
-9.5%▼
2024 · -0.9%
ROA
-9.4%▼
2024 · -0.9%
Debt ≤ 1 year
€2,090▲
2024 · €2,013
Income taxes
€325▲
2024 · €314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 12,304 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,900 | €0 | - | - |
| Remuneration, social security and pensions62 | €7,806 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,896 | €0 | - | - | - | - |
| Other operating charges640/8 | €28,483 | €1,522 | €1,562 | €1,458 | €1,598 | ▲ 9.6% |
| Gross operating margin9900 | €74,165 | €2,678 | €42,697 | -€1,037 | -€21,743 | ▼ 1,997% |
| Operating profit (loss)9901 | €32,979 | €1,157 | €41,135 | -€2,495 | -€23,340 | ▼ 835% |
| Financial income75/76B | €19 | €0 | €70 | €562 | €865 | ▲ 54.0% |
| Recurring financial income75 | €19 | €0 | €70 | €562 | €865 | ▲ 54.0% |
| Financial charges65/66B | €268 | €670 | €37 | €57 | €59 | ▲ 1.9% |
| Recurring financial charges65 | €268 | €670 | €37 | €57 | €59 | ▲ 1.9% |
| Profit (loss) for the period before taxes9903 | €32,730 | €487 | €41,169 | -€1,991 | -€22,534 | ▼ 1,032% |
| Income taxes67/77 | €3,239 | €320 | €4,014 | €314 | €325 | ▲ 3.5% |
| Profit (loss) for the period9904 | €29,491 | €167 | €37,155 | -€2,305 | -€22,858 | ▼ 892% |
| Profit (loss) for the period to be appropriated9905 | €29,491 | €167 | €37,155 | -€2,305 | -€22,858 | ▼ 892% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €275,285 | €267,537 | €304,820 | €266,401 | €243,620 | ▼ 8.6% |
| Fixed assets21/28 | €0 | - | - | - | €66,776 | - |
| Tangible fixed assets22/27 | €0 | - | - | - | €66,776 | - |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €66,776 | - |
| Current assets29/58 | €275,285 | €267,537 | €304,820 | €266,401 | €176,844 | ▼ 33.6% |
| Stocks and contracts in progress3 | €95,032 | €84,796 | €46,544 | €49,109 | €27,563 | ▼ 43.9% |
| Stocks30/36 | €95,032 | €84,796 | €46,544 | €49,109 | €27,563 | ▼ 43.9% |
| Amounts receivable within one year40/41 | €85,469 | €94,564 | €141,289 | €34,451 | €38,670 | ▲ 12.2% |
| Trade receivables40 | €79,241 | €85,753 | €138,282 | €12,722 | €2,807 | ▼ 77.9% |
| Other amounts receivable41 | €6,228 | €8,811 | €3,007 | €21,728 | €35,863 | ▲ 65.1% |
| Cash at bank and in hand54/58 | €93,375 | €86,111 | €116,473 | €180,655 | €108,120 | ▼ 40.2% |
| Deferred charges and accrued income490/1 | €1,409 | €2,066 | €514 | €2,187 | €2,491 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €275,285 | €267,537 | €304,820 | €266,401 | €243,620 | ▼ 8.6% |
| Equity10/15 | €259,772 | €259,938 | €297,093 | €262,989 | €240,130 | ▼ 8.7% |
| Contributions10/11 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Reserves13 | €234,982 | €235,149 | €272,304 | €238,199 | €215,341 | ▼ 9.6% |
| Non-distributable reserves130/1 | €2,905 | €2,905 | €2,905 | €2,905 | €426 | ▼ 85.3% |
| Reserves not available under the articles1311 | €2,905 | €2,905 | €2,905 | €2,905 | €426 | ▼ 85.3% |
| Tax-exempt reserves132 | €3,452 | €3,452 | €3,452 | €3,452 | €3,452 | = |
| Distributable reserves133 | €228,625 | €228,792 | €265,947 | €231,842 | €211,462 | ▼ 8.8% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €15,514 | €7,599 | €7,727 | €3,413 | €3,490 | ▲ 2.2% |
| Amounts payable within one year42/48 | €14,114 | €6,199 | €6,327 | €2,013 | €2,090 | ▲ 3.8% |
| Trade debts44 | €10,173 | €5,679 | €0 | €714 | €1,481 | ▲ 108% |
| Suppliers440/4 | €10,173 | €5,679 | €0 | €714 | €1,481 | ▲ 108% |
| Taxes, remuneration and social security45 | €3,941 | €452 | €6,327 | €1,299 | €608 | ▼ 53.2% |
| Taxes450/3 | €3,302 | €452 | €6,327 | €1,299 | €608 | ▼ 53.2% |
| Remuneration and social security454/9 | €639 | €0 | - | - | - | - |
| Other amounts payable47/48 | €0 | €67 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,491 | €167 | €37,155 | -€2,305 | -€22,858 | ▼ 892% |
| + Depreciation and write-downs630 | €4,896 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €34,387 | €167 | €37,155 | -€2,305 | -€22,858 | ▼ 892% |
| Change in cash | - | -€7,264 | €30,362 | €64,182 | -€72,535 | ▼ 213% |
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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€22,858
Net result drops to -€22,858, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 132.34
Current ratio from 48.18 to 132.34; short-term debt falls from €6,327 to €2,013.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €37,155 ▲22,170%
Operating result €41,135, net result €37,155, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 43.16
Current ratio from 19.50 to 43.16; short-term debt falls from €14,114 to €6,199.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Back to profitnet €2,494
Net result €2,494 after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 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, Lebbeke · 1 establishment unit since 1951
Ground area
5,020 m²
Building footprint
117 m²
Volume, LiDAR
859 m³
Parcel 42322D0550/00Y004, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HOUTHANDEL GASTON VAN BIESEN
since 19512.039.834.081
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322D0550/00Y004 | Flanders | 5,019 m² | 1 · 117 m² | 10.4 m · 3 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,265 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
Founded27-12-1951
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
68121Development of residential building projects
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16250Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
43320Joinery installation
46831Wholesale of construction materials, general range
46832Wholesale of timber
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400328502
Also
9925:BE0400328502
Registered
28-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.