VDB Chocolats
ActiveThe computed 12-month bankruptcy probability of VDB Chocolats is 2.4% (moderate). The 2025 annual accounts show equity of €99k and a net result of €-10k. Equity is growing by ~90.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 18207 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-22
Solvency33▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.59 against 1.09 in 2024; short-term debt: 25.7% and cash: 7.8% of total assets), and 92.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-05-2026, 6 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
6 d late
2024
22 d late
2023
31 d late
2022
4 d early
2021
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€99k▼ 9.0%
2024 · €109k
2021: €-30k
2022: €-11k
2023: €39k
2024: €109k
2021 → 2025
Total assets
€1.25M▲ 208%
2024 · €406k
2021: €235k
2022: €236k
2023: €301k
2024: €406k
2021 → 2025
Net result
€-10k
2024 · €69k
2021: €-60k
2022: €19k
2023: €50k
2024: €69k
2021 → 2025
Working capital
€-133k
2024 · €24k
2021: €-153k
2022: €-172k
2023: €-83k
2024: €24k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€-11k▲ 64.6%€39k€109k▲ 176%€99k▼ 9.0%
Operating result€-60k-€19k€51k▲ 166%€88k▲ 71.0%€14k▼ 83.7%
Net result€-60k-€19k€50k▲ 160%€69k▲ 38.8%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€1.06M▲ 881%
Current assets
€189k▼ 36.4%
Equity and liabilities €1.25M
Equity
€99k▼ 9.0%
Debt
€1.15M▲ 288%
The debt ratio rises from 73.2% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€191k▲
2024 · €119k
Cash flow
€167k▲
2024 · €100k
Solvency
7.9%▼
2024 · 26.8%
Current ratio
0.59▼
2024 · 1.09
Quick ratio
0.46▼
2024 · 0.99
Debt / equity
11.64▲
2024 · 2.73
ROE
-9.9%▼
2024 · 63.7%
ROA
-0.8%▼
2024 · 17.1%
Interest coverage
7.90▼
2024 · 811.68
Debt
€1.15M▲
2024 · €297k
Debt ≤ 1 year
€322k▲
2024 · €273k
Debt > 1 year
€828k
Income taxes
€0▼
2024 · €18k
Staff costs
€92k▲
2024 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€406k€1.25M▲
Fixed assets21/28€108k€1.06M▲
Tangible fixed assets22/27€90k€1.04M▲
Land and buildings22-€909k
Plant, machinery and equipment23€58k€108k▲
Furniture and vehicles24€32k€27k▼
Financial fixed assets28€18k€18k▲
Current assets29/58€297k€189k▼
Stocks and contracts in progress3€26k€40k▲
Stocks30/36€26k€40k▲
Amounts receivable within one year40/41€11k€19k▲
Trade receivables40€10k€8k▼
Other amounts receivable41€1k€11k▲
Cash at bank and in hand54/58€254k€97k▼
Deferred charges and accrued income490/1€6k€33k▲
Equity and liabilities
Total equity and liabilities10/49€406k€1.25M▲
Equity10/15€109k€99k▼
Contributions10/11€30k€30k=
Reserves13€79k€79k=
Distributable reserves133€79k€79k=
Profit (loss) carried forward14-€-10k
Amounts payable17/49€297k€1.15M▲
Amounts payable after more than one year17-€828k
Financial debts170/4-€828k
Amounts payable within one year42/48€273k€322k▲
Trade debts44€2k€27k▲
Suppliers440/4€2k€27k▲
Advances received on contracts in progress46€276€22k▲
Taxes, remuneration and social security45€22k€16k▼
Taxes450/3€14k€563▼
Remuneration and social security454/9€8k€15k▲
Other amounts payable47/48€249k€256k▲
Accrued charges and deferred income492/3€23k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€53k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€177k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-
Other operating charges640/8€3k€3k▲
Gross operating margin9900€179k€286k▲
Operating profit (loss)9901€88k€14k▼
Financial income75/76B€45€144▲
Recurring financial income75€45€144▲
Financial charges65/66B€146€24k▲
Recurring financial charges65€146€24k▲
Profit (loss) for the period before taxes9903€88k€-10k▼
Income taxes67/77€18k€0▼
Profit (loss) for the period9904€69k€-10k▼
Profit (loss) for the period to be appropriated9905€69k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€-10k▼
Transfer to equity691/2€69k-
To the legal reserve6920€69k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-09
Financial
Highest result since 2021net €69k ▲38.8%
Operating result €88k, net result €69k, both a record.
30-09
Financial
Equity above €100kEq €109k ▲176%
3 profitable years in a row build equity to €109k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mageleinstraat 469000 GentGround area
1,266 m²
Building footprint
426 m²
Volume, LiDAR
2,893 m³
2 parcels, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
VDB Chocolats
since 20202.304.275.085
VDB Chocolats
since 20252.369.157.593
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44079A0140/00W002 | Flanders | 1,144 m² | 1 · 309 m² | 9.1 m · 1 fl. |
| 44803C1141/00B000 | Flanders | 122 m² | 1 · 117 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGent2.304.275.085
Nazareth-De Pinte2.369.157.593
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Of 899 companies in sector 47242 we hold annual accounts for 339. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2020
Fiscal year end30-09
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
47242Retail sale of chocolate and confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.