VDA ESTATES
ActiveSummary
VDA ESTATES has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,018 and a net result of €19,090. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+34
Solvency49▼-2
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.83 in 2024; short-term debt: 62.1% and cash: 41.7% of total assets), and 75.7% 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
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 · 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 →
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
24.3%
Return on assets
23.2%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
29 d late
2023
29 d late
2022
56 d late
2021
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days after 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
Equity
€20,018▼ 3.4%
2024 · €20,725
Total assets
€82,361▲ 4.3%
2024 · €78,985
Net result
€19,090
2024 · -€2,894
Working capital
-€1,918▲ 65.8%
2024 · -€5,615
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€10,511-€22,069▲ 110%€9,980▼ 54.8%-€472€26,232
Net result€7,669-€15,274▲ 99.2%€4,542▼ 70.3%-€2,894€19,090
Equity€7,069-€20,743▲ 193%€23,618▲ 13.9%€20,725▼ 12.3%€20,018▼ 3.4%
Total assets€14,170-€124,831▲ 781%€101,179▼ 18.9%€78,985▼ 21.9%€82,361▲ 4.3%
Debt€7,101-€104,088▲ 1,366%€77,561▼ 25.5%€58,260▼ 24.9%€62,343▲ 7.0%
Working capital€7,069--€19,525-€7,485▲ 61.7%-€5,615▲ 25.0%-€1,918▲ 65.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +781% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26,232 after a loss of €472 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,361
Fixed assets
€33,111 ▼ 36.1%
Current assets
€49,250 ▲ 81.4%
Equity and liabilities €82,361
Equity
€20,018 ▼ 3.4%
Debt
€62,343 ▲ 7.0%
Debt's share of the balance-sheet total rises from 73.8% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44,942▲
2024 · €19,138
Cash flow
€37,800▲
2024 · €16,716
Current ratio
0.96▲
2024 · 0.83
Debt to equity
3.11▲
2024 · 2.81
ROE
95.4%▲
2024 · -14.0%
ROA
23.2%▲
2024 · -3.7%
Interest coverage
39.41▲
2024 · 12.92
Debt ≤ 1 year
€51,168▲
2024 · €32,758
Debt > 1 year
€11,066▼
2024 · €25,502
Income taxes
€6,004▲
2024 · €941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 7,976 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10,460 | €18,909 | €19,610 | €18,711 | ▼ 4.6% |
| Other operating charges640/8 | - | €822 | €862 | €1,149 | €1,300 | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | €509 | - | - | - |
| Gross operating margin9900 | €10,511 | €33,351 | €30,261 | €20,288 | €46,242 | ▲ 128% |
| Operating profit (loss)9901 | €10,511 | €22,069 | €9,980 | -€472 | €26,232 | ▲ 5,662% |
| Financial income75/76B | - | €33 | €6 | €0 | €2 | ▲ 11,750% |
| Recurring financial income75 | - | €33 | €6 | €0 | €2 | ▲ 11,750% |
| Financial charges65/66B | - | €742 | €2,352 | €1,481 | €1,140 | ▼ 23.0% |
| Recurring financial charges65 | - | €742 | €2,352 | €1,481 | €1,140 | ▼ 23.0% |
| Profit (loss) for the period before taxes9903 | €10,511 | €21,360 | €7,634 | -€1,952 | €25,094 | ▲ 1,385% |
| Income taxes67/77 | €2,842 | €6,087 | €3,092 | €941 | €6,004 | ▲ 538% |
| Profit (loss) for the period9904 | €7,669 | €15,274 | €4,542 | -€2,894 | €19,090 | ▲ 760% |
| Profit (loss) for the period to be appropriated9905 | €7,669 | €15,274 | €4,542 | -€2,894 | €19,090 | ▲ 760% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,170 | €124,831 | €101,179 | €78,985 | €82,361 | ▲ 4.3% |
| Fixed assets21/28 | - | €103,682 | €71,451 | €51,841 | €33,111 | ▼ 36.1% |
| Tangible fixed assets22/27 | - | €103,682 | €71,431 | €51,821 | €33,111 | ▼ 36.1% |
| Plant, machinery and equipment23 | - | €1,838 | €1,378 | €919 | €459 | ▼ 50.0% |
| Furniture and vehicles24 | - | €101,845 | €70,053 | €50,902 | €32,651 | ▼ 35.9% |
| Financial fixed assets28 | - | - | €20 | €20 | - | - |
| Current assets29/58 | €14,170 | €21,148 | €29,728 | €27,143 | €49,250 | ▲ 81.4% |
| Amounts receivable within one year40/41 | €14,170 | €18,912 | €18,152 | €21,710 | €12,667 | ▼ 41.7% |
| Trade receivables40 | €13,170 | €18,912 | €18,152 | €21,710 | €12,667 | ▼ 41.7% |
| Other amounts receivable41 | €1,000 | - | - | €1 | - | - |
| Cash at bank and in hand54/58 | - | €438 | €9,877 | €3,259 | €34,315 | ▲ 953% |
| Deferred charges and accrued income490/1 | - | €1,798 | €1,699 | €2,173 | €2,269 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,170 | €124,831 | €101,179 | €78,985 | €82,361 | ▲ 4.3% |
| Equity10/15 | €7,069 | €20,743 | €23,618 | €20,725 | €20,018 | ▼ 3.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €6,069 | €16,143 | €19,018 | €19,018 | €19,018 | = |
| Distributable reserves133 | €6,069 | €16,143 | €19,018 | €19,018 | €19,018 | = |
| Profit (loss) carried forward14 | - | €3,600 | €3,600 | €706 | - | - |
| Amounts payable17/49 | €7,101 | €104,088 | €77,561 | €58,260 | €62,343 | ▲ 7.0% |
| Amounts payable after more than one year17 | - | €63,414 | €40,348 | €25,502 | €11,066 | ▼ 56.6% |
| Financial debts170/4 | - | €63,414 | €40,348 | €25,502 | €11,066 | ▼ 56.6% |
| Amounts payable within one year42/48 | €7,101 | €40,674 | €37,213 | €32,758 | €51,168 | ▲ 56.2% |
| Current portion of amounts payable after more than one year42 | - | €21,368 | €16,767 | €14,846 | €14,436 | ▼ 2.8% |
| Trade debts44 | - | €525 | €1,572 | €1,179 | €1,234 | ▲ 4.6% |
| Suppliers440/4 | - | €525 | €1,572 | €1,179 | €1,234 | ▲ 4.6% |
| Taxes, remuneration and social security45 | €2,842 | €6,168 | €8,605 | €8,131 | €8,247 | ▲ 1.4% |
| Taxes450/3 | €2,842 | €6,168 | €8,605 | €8,131 | €8,247 | ▲ 1.4% |
| Other amounts payable47/48 | €4,258 | €12,613 | €10,269 | €8,602 | €27,251 | ▲ 217% |
| Accrued charges and deferred income492/3 | - | - | - | - | €108 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,669 | €15,274 | €4,542 | -€2,894 | €19,090 | ▲ 760% |
| + Depreciation and write-downs630 | - | €10,460 | €18,909 | €19,610 | €18,711 | ▼ 4.6% |
| Operating cash flow (approximation) | €7,669 | €25,734 | €23,451 | €16,716 | €37,800 | ▲ 126% |
| Investment in fixed assets (approximation) | - | - | €13,322 | €0 | €20 | - |
| Change in cash | - | - | €9,439 | -€6,618 | €31,055 | ▲ 569% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €19,090
Net result €19,090 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€2,894
Net result drops to -€2,894, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Lievens-Houtem · 1 establishment unit since 2021
Ground area
940 m²
Building footprint
171 m²
Volume, LiDAR
985 m³
Parcel 41080B0315/00T000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDA ESTATES
since 20212.326.178.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41080B0315/00T000 | Flanders | 940 m² | 1 · 170 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 534 EUR awarded · 534 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 534 EUR | 534 EUR |
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 3,924 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
Founded22-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778995914
Also
9925:BE0778995914
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.