VDB CONCEPTS
InactiveVDB CONCEPTS was declared bankrupt on 15-01-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 10-11-2025, published in the Belgian State Gazette on 18-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
30-09-2023 close30-04-2024 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 28-04-2023, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
2 d early
2021
8 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€40,230▼ 175%
2021 · -€14,629
Total assets
€259,786▲ 3.1%
2021 · €252,011
Net result
-€25,601▲ 53.4%
2021 · -€54,981
Working capital
-€42,421▼ 113%
2021 · -€19,906
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
Line2019202020212022
Operating result-€23,937--€29,103▼ 21.6%-€45,859▼ 57.6%-€18,257▲ 60.2%
Net result-€26,682--€32,966▼ 23.6%-€54,981▼ 66.8%-€25,601▲ 53.4%
Equity€73,318-€73,318=-€14,629-€40,230▼ 175%
Total assets€367,107-€426,952▲ 16.3%€252,011▼ 41.0%€259,786▲ 3.1%
Debt€293,789-€386,601▲ 31.6%€266,640▼ 31.0%€300,016▲ 12.5%
Working capital€260,003-€203,527▼ 21.7%-€19,906-€42,421▼ 113%
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 €18,257 in 2022 against €45,859 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €259,786
Fixed assets
€2,538 ▼ 53.0%
Current assets
€257,248 ▲ 4.3%
Key figures and ratios
EBITDA
-€15,396▲
2021 · -€42,612
Cash flow
-€22,740▲
2021 · -€51,733
Solvency
-15.5%▼
2021 · -5.8%
Current ratio
0.86▼
2021 · 0.93
Quick ratio
0.02▲
2021 · 0.00
Debt to equity
-7.46▲
2021 · -18.23
ROA
-9.9%▲
2021 · -21.8%
Interest coverage
-2.10▲
2021 · -4.67
Debt ≤ 1 year
€299,668▲
2021 · €266,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,356 | €5,356 | €3,247 | €2,861 | ▼ 11.9% |
| Other operating charges640/8 | - | - | €1,243 | €1,472 | ▲ 18.5% |
| Gross operating margin9900 | -€17,559 | -€23,984 | -€41,369 | -€13,923 | ▲ 66.3% |
| Operating profit (loss)9901 | -€23,937 | -€29,103 | -€45,859 | -€18,257 | ▲ 60.2% |
| Recurring financial income75 | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | €9,121 | €7,344 | ▼ 19.5% |
| Recurring financial charges65 | €2,745 | €3,864 | €9,121 | €7,344 | ▼ 19.5% |
| Profit (loss) for the period before taxes9903 | -€26,682 | -€32,966 | -€54,981 | -€25,601 | ▲ 53.4% |
| Income taxes67/77 | €0 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€26,682 | -€32,966 | -€54,981 | -€25,601 | ▲ 53.4% |
| Profit (loss) for the period to be appropriated9905 | -€26,682 | -€32,966 | -€54,981 | -€25,601 | ▲ 53.4% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €367,107 | €426,952 | €252,011 | €259,786 | ▲ 3.1% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €12,108 | €12,108 | €5,399 | €2,538 | ▼ 53.0% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €12,108 | €12,108 | €5,399 | €2,538 | ▼ 53.0% |
| Furniture and vehicles24 | - | - | €4,131 | €1,618 | ▼ 60.8% |
| Other tangible fixed assets26 | - | - | €1,268 | €920 | ▼ 27.4% |
| Financial fixed assets28 | €0 | €0 | - | - | - |
| Current assets29/58 | €355,000 | €418,306 | €246,611 | €257,248 | ▲ 4.3% |
| Stocks and contracts in progress3 | €332,742 | €400,763 | €245,333 | €251,448 | ▲ 2.5% |
| Stocks30/36 | - | - | €245,333 | €251,448 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €21,234 | €21,234 | €511 | €3,692 | ▲ 622% |
| Trade receivables40 | - | - | €120 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €391 | €3,692 | ▲ 844% |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0 | €4,165 | €47 | €1,967 | ▲ 4,089% |
| Deferred charges and accrued income490/1 | - | - | €720 | €141 | ▼ 80.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €367,107 | €426,952 | €252,011 | €259,786 | ▲ 3.1% |
| Equity10/15 | €73,318 | €73,318 | -€14,629 | -€40,230 | ▼ 175% |
| Contributions10/11 | €100,000 | - | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€26,682 | -€59,648 | -€114,629 | -€140,230 | ▼ 22.3% |
| Amounts payable17/49 | €293,789 | €386,601 | €266,640 | €300,016 | ▲ 12.5% |
| Amounts payable after more than one year17 | €150,000 | €150,563 | - | - | - |
| Amounts payable within one year42/48 | €94,997 | €214,779 | €266,517 | €299,668 | ▲ 12.4% |
| Financial debts43 | - | - | €238,503 | €238,503 | = |
| Credit institutions430/8 | - | - | €238,503 | €238,503 | = |
| Trade debts44 | - | €1,761 | €27,430 | €14,773 | ▼ 46.1% |
| Suppliers440/4 | - | - | €27,430 | €14,773 | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | - | €21 | €11 | ▼ 49.4% |
| Taxes450/3 | - | - | €21 | €11 | ▼ 49.4% |
| Other amounts payable47/48 | - | - | €563 | €46,382 | ▲ 8,140% |
| Accrued charges and deferred income492/3 | - | - | €123 | €348 | ▲ 183% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,682 | -€32,966 | -€54,981 | -€25,601 | ▲ 53.4% |
| + Depreciation and write-downs630 | €5,356 | €5,356 | €3,247 | €2,861 | ▼ 11.9% |
| Operating cash flow (approximation) | -€21,326 | -€27,610 | -€51,733 | -€22,740 | ▲ 56.0% |
| Investment in fixed assets (approximation) | - | -€5,356 | €3,461 | €0 | ▼ 100% |
| Change in cash | - | €4,165 | -€4,118 | €1,920 | ▲ 147% |
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
2025
18-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 10-11-2025
2024
19-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 15-01-2024
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€54,981
Net result drops to -€54,981, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRIS GOEMAN LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
15-01-2024 → 10-11-2025 |
| Curator | JUUL CREYTENS LEOPOLD-
LAAN 15, 9200 DENDERMONDE |
15-01-2024 → 10-11-2025 |
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.