VDB CYCLING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €264k and a net result of €54k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 6156 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
17 d early
2022
13 d early
2021
34 d early
2020
134 d early
2019
128 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€264k▲ 25.9%
2023 · €209k
2018: €62k
2019: €73k
2020: €96k
2021: €119k
2022: €166k
2023: €209k
2018 → 2024
Net result
€54k▲ 26.3%
2023 · €43k
2018: €3k
2019: €10k
2020: €23k
2021: €23k
2022: €48k
2023: €43k
2018 → 2024
Total assets
€412k▲ 10.7%
2023 · €372k
2018: €262k
2019: €266k
2020: €286k
2021: €378k
2022: €370k
2023: €372k
2018 → 2024
Solvency
64.1%▲ 7.8pp
2023 · 56.3%
2018: 23.7%
2019: 27.3%
2020: 33.6%
2021: 31.4%
2022: 45.0%
2023: 56.3%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€96k-€119k▲ 23.6%€166k▲ 40.0%€209k▲ 25.9%€264k▲ 25.9%
Operating result€34k-€40k▲ 15.8%€70k▲ 76.3%€63k▼ 10.6%€79k▲ 26.3%
Net result€23k-€23k▼ 3.1%€48k▲ 109%€43k▼ 9.5%€54k▲ 26.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €412k
Fixed assets
€388k▲ 5.9%
Current assets
€24k▲ 312%
Equity and liabilities €412k
Equity
€264k▲ 25.9%
Debt
€148k▼ 9.1%
The debt ratio falls from 43.7% to 35.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
64.1%▲
2023 · 56.3%
ROE
20.6%▲
2023 · 20.5%
ROA
13.2%▲
2023 · 11.6%
Debt
€148k▼
2023 · €162k
Debt ≤ 1 year
€91k▼
2023 · €94k
Debt > 1 year
€57k▼
2023 · €68k
Income taxes
€21k▲
2023 · €16k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€372k€412k▲
Fixed assets21/28€366k€388k▲
Tangible fixed assets22/27€4k€26k▲
Furniture and vehicles24€4k€26k▲
Financial fixed assets28€362k€362k=
Current assets29/58€6k€24k▲
Amounts receivable within one year40/41€3k€20k▲
Trade receivables40€0-
Other amounts receivable41€3k€20k▲
Cash at bank and in hand54/58-€4k
Deferred charges and accrued income490/1€2k€40▼
Equity and liabilities
Total equity and liabilities10/49€372k€412k▲
Equity10/15€209k€264k▲
Contributions10/11€38k€38k=
Reserves13€172k€226k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€172k€226k▲
Amounts payable17/49€162k€148k▼
Amounts payable after more than one year17€68k€57k▼
Financial debts170/4€68k€57k▼
Amounts payable within one year42/48€94k€91k▼
Current portion of amounts payable after more than one year42€50k€37k▼
Financial debts43€4k€0▼
Credit institutions430/8€4k€0▼
Trade debts44€19k€23k▲
Suppliers440/4€19k€23k▲
Taxes, remuneration and social security45€22k€26k▲
Taxes450/3€22k€26k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0€5k▲
Accrued charges and deferred income492/3€503€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€378€4k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€64k€85k▲
Operating profit (loss)9901€63k€79k▲
Financial income75/76B€307€0▼
Recurring financial income75€307€0▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€59k€75k▲
Income taxes67/77€16k€21k▲
Profit (loss) for the period9904€43k€54k▲
Profit (loss) for the period to be appropriated9905€43k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€54k▲
Transfer to equity691/2€43k€54k▲
To other reserves6921€43k€54k▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €54k ▲26.3%
Operating result €79k, net result €54k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €209k ▲25.9%
6 profitable years in a row build equity to €209k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €166k ▲40%
5 profitable years in a row build equity to €166k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €119k ▲23.6%
4 profitable years in a row build equity to €119k.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
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
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Essen · 1 establishment unit since 2016
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.
Dennenlaan 112910 EssenGround area
1,067 m²
Building footprint
109 m²
Volume, LiDAR
630 m³
Parcel 11642D0226/00B002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDB CYCLING
since 20162.255.726.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0226/00B002 | Flanders | 1,067 m² | 1 · 109 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,689 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.