VDB-ENGELS
ActiveSummary
VDB-ENGELS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724,855 and a net result of €367,797. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-1
Solvency66▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.79 in 2024; short-term debt: 45.3% and cash: 33.2% of total assets), and 58.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
Retail trade (NACE 47)
about 45% more 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
41.4%
Return on assets
21%
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
64 d early
2023
61 d early
2022
25 d early
2021
61 d early
2020
59 d early
2019
51 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 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by staff growth in Meise#3 employer in Meise, Wholesale and retail trade sector
Equity
€724,855▼ 1.2%
2024 · €733,930
Total assets
€1.7m▲ 11.0%
2024 · €1.6m
Net result
€367,797▲ 6.9%
2024 · €344,154
Working capital
€383,603▼ 14.1%
2024 · €446,814
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€285,134▲ 76.7%€297,105▲ 4.2%€365,937▲ 23.2%€458,555▲ 25.3%€524,802▲ 14.4%
Net result€217,165above the sector's middle half▲ 66.9%€237,875above the sector's middle half▲ 9.5%€287,087above the sector's middle half▲ 20.7%€344,154above the sector's middle half▲ 19.9%€367,797above the sector's middle half▲ 6.9%
Equity€378,130within the sector's middle half▼ 3.0%€365,512within the sector's middle half▼ 3.3%€564,777within the sector's middle half▲ 54.5%€733,930within the sector's middle half▲ 30.0%€724,855above the sector's middle half▼ 1.2%
Total assets€1.1mwithin the sector's middle half▲ 6.5%€1.5mwithin the sector's middle half▲ 32.3%€1.5mwithin the sector's middle half=€1.6mwithin the sector's middle half▲ 4.0%€1.7mabove the sector's middle half▲ 11.0%
Debt€761,848▲ 12.7%€1.1m▲ 50.7%€934,390▼ 18.6%€829,083▼ 11.3%€1.0m▲ 22.4%
Working capital€190,059within the sector's middle half▼ 23.4%€183,963within the sector's middle half▼ 3.2%€336,450within the sector's middle half▲ 82.9%€446,814within the sector's middle half▲ 32.8%€383,603within the sector's middle half▼ 14.1%
Solvency33.0%within the sector's middle half▼ 3.3pp24.1%within the sector's middle half▼ 8.9pp37.3%within the sector's middle half▲ 13.1pp46.6%within the sector's middle half▲ 9.3pp41.4%within the sector's middle half▼ 5.1pp
Current ratio1.38within the sector's middle half▼ 0.231.28within the sector's middle half▼ 0.091.55within the sector's middle half▲ 0.271.79within the sector's middle half▲ 0.231.48within the sector's middle half▼ 0.30
Return on assets (ROA)19.0%above the sector's middle half▲ 6.9pp15.7%above the sector's middle half▼ 3.3pp19.0%above the sector's middle half▲ 3.2pp21.8%above the sector's middle half▲ 2.9pp21.0%above the sector's middle half▼ 0.8pp
Staff (FTE)10.7above the sector's middle half▲ 13.8%10.3above the sector's middle half▼ 3.7%11.4above the sector's middle half▲ 10.7%14.2above the sector's middle half▲ 24.6%15.3above the sector's middle half▲ 7.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€573,307 ▲ 2.3%
Current assets
€1.2m ▲ 15.9%
Equity and liabilities €1.7m
Equity
€724,855 ▼ 1.2%
Provisions
€9,505 ▼ 24.1%
Debt
€1.0m ▲ 22.4%
Debt's share of the balance-sheet total rises from 52.6% to 58.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€658,483▲
2024 · €589,828
Cash flow
€501,478▲
2024 · €475,426
Quick ratio
1.44▼
2024 · 1.66
Debt to equity
1.40▲
2024 · 1.13
ROE
50.7%▲
2024 · 46.9%
Interest coverage
21.29▼
2024 · 21.59
Debt ≤ 1 year
€792,525▲
2024 · €568,248
Debt > 1 year
€210,111▼
2024 · €249,352
Income taxes
€131,134▲
2024 · €117,131
Staff costs
€1.0m▲
2024 · €871,987
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €417,019 | €463,711 | €639,434 | €871,987 | €1.0m | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,607 | €130,684 | €196,253 | €131,272 | €133,681 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €9,223 | €1,698 | ▼ 81.6% |
| Other operating charges640/8 | €34,826 | €27,352 | €34,057 | €37,767 | €48,672 | ▲ 28.9% |
| Gross operating margin9900 | €840,586 | €918,852 | €1.2m | €1.5m | €1.7m | ▲ 13.5% |
| Operating profit (loss)9901 | €285,134 | €297,105 | €365,937 | €458,555 | €524,802 | ▲ 14.4% |
| Financial income75/76B | €12,256 | €10,986 | €30,978 | €27,450 | €2,036 | ▼ 92.6% |
| Recurring financial income75 | €12,256 | €10,986 | €30,978 | €27,450 | €2,036 | ▼ 92.6% |
| Financial charges65/66B | €8,420 | €9,772 | €22,225 | €27,316 | €30,931 | ▲ 13.2% |
| Recurring financial charges65 | €8,420 | €9,772 | €22,225 | €27,316 | €30,931 | ▲ 13.2% |
| Profit (loss) for the period before taxes9903 | €288,970 | €298,320 | €374,690 | €458,689 | €495,906 | ▲ 8.1% |
| Transfer from deferred taxes780 | €3,948 | €4,206 | €0 | €2,595 | €3,025 | ▲ 16.6% |
| Transfer to deferred taxes680 | - | - | €15,125 | €0 | - | - |
| Income taxes67/77 | €75,754 | €64,651 | €72,478 | €117,131 | €131,134 | ▲ 12.0% |
| Profit (loss) for the period9904 | €217,165 | €237,875 | €287,087 | €344,154 | €367,797 | ▲ 6.9% |
| Transfer from tax-exempt reserves789 | €11,845 | €12,619 | €0 | €7,786 | €9,075 | ▲ 16.6% |
| Transfer to tax-exempt reserves689 | - | - | €45,375 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €229,010 | €250,494 | €241,712 | €351,939 | €376,872 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 11.0% |
| Fixed assets21/28 | €450,868 | €683,415 | €570,223 | €560,481 | €573,307 | ▲ 2.3% |
| Tangible fixed assets22/27 | €294,234 | €526,645 | €413,453 | €403,711 | €416,402 | ▲ 3.1% |
| Plant, machinery and equipment23 | €11,120 | €13,739 | €39,379 | €30,467 | €43,042 | ▲ 41.3% |
| Furniture and vehicles24 | €259,900 | €494,109 | €344,546 | €316,414 | €312,052 | ▼ 1.4% |
| Other tangible fixed assets26 | €23,213 | €18,796 | €29,528 | €56,831 | €61,309 | ▲ 7.9% |
| Financial fixed assets28 | €156,635 | €156,770 | €156,770 | €156,770 | €156,905 | ▲ 0.1% |
| Current assets29/58 | €693,316 | €830,274 | €944,070 | €1.0m | €1.2m | ▲ 15.9% |
| Amounts receivable after more than one year29 | €24,589 | €0 | - | - | - | - |
| Other amounts receivable291 | €24,589 | €0 | - | - | - | - |
| Stocks and contracts in progress3 | €62,672 | €69,776 | €66,318 | €70,947 | €33,202 | ▼ 53.2% |
| Stocks30/36 | €62,672 | €69,776 | €66,318 | €70,947 | €33,202 | ▼ 53.2% |
| Amounts receivable within one year40/41 | €352,605 | €405,122 | €339,812 | €610,139 | €546,336 | ▼ 10.5% |
| Trade receivables40 | €231,838 | €275,046 | €334,942 | €376,767 | €321,470 | ▼ 14.7% |
| Other amounts receivable41 | €120,767 | €130,076 | €4,871 | €233,373 | €224,867 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €238,476 | €339,342 | €510,561 | €333,976 | €580,462 | ▲ 73.8% |
| Deferred charges and accrued income490/1 | €14,974 | €16,033 | €27,378 | €0 | €16,128 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.5m | €1.5m | €1.6m | €1.7m | ▲ 11.0% |
| Equity10/15 | €378,130 | €365,512 | €564,777 | €733,930 | €724,855 | ▼ 1.2% |
| Contributions10/11 | €38,600 | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Reserves13 | €206,479 | €193,860 | €239,235 | €231,449 | €222,374 | ▼ 3.9% |
| Non-distributable reserves130/1 | €3,860 | €3,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €3,860 | €3,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €12,619 | €0 | €45,375 | €37,589 | €28,514 | ▼ 24.1% |
| Distributable reserves133 | €190,000 | €190,000 | €193,860 | €193,860 | €193,860 | = |
| Profit (loss) carried forward14 | €133,052 | €133,052 | €286,942 | €463,881 | €463,881 | = |
| Provisions and deferred taxes16 | €4,206 | €0 | €15,125 | €12,530 | €9,505 | ▼ 24.1% |
| Deferred taxes168 | €4,206 | €0 | €15,125 | €12,530 | €9,505 | ▼ 24.1% |
| Amounts payable17/49 | €761,848 | €1.1m | €934,390 | €829,083 | €1.0m | ▲ 22.4% |
| Amounts payable after more than one year17 | €253,583 | €494,214 | €316,856 | €249,352 | €210,111 | ▼ 15.7% |
| Financial debts170/4 | €253,583 | €494,214 | €316,856 | €249,352 | €210,111 | ▼ 15.7% |
| Amounts payable within one year42/48 | €503,257 | €646,311 | €607,620 | €568,248 | €792,525 | ▲ 39.5% |
| Current portion of amounts payable after more than one year42 | €88,852 | €92,244 | €112,702 | €135,850 | €137,600 | ▲ 1.3% |
| Trade debts44 | €66,421 | €104,737 | €132,383 | €106,823 | €108,213 | ▲ 1.3% |
| Suppliers440/4 | €66,421 | €104,737 | €132,383 | €106,823 | €108,213 | ▲ 1.3% |
| Advances received on contracts in progress46 | - | - | €171 | €0 | - | - |
| Taxes, remuneration and social security45 | €116,661 | €100,915 | €120,065 | €146,525 | €163,927 | ▲ 11.9% |
| Taxes450/3 | €77,465 | €64,832 | €52,096 | €75,762 | €81,984 | ▲ 8.2% |
| Remuneration and social security454/9 | €39,196 | €36,083 | €67,969 | €70,763 | €81,943 | ▲ 15.8% |
| Other amounts payable47/48 | €231,323 | €348,415 | €242,299 | €179,050 | €382,785 | ▲ 114% |
| Accrued charges and deferred income492/3 | €5,007 | €7,652 | €9,914 | €11,483 | €12,439 | ▲ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €217,165 | €237,875 | €287,087 | €344,154 | €367,797 | ▲ 6.9% |
| + Depreciation and write-downs630 | €103,607 | €130,684 | €196,253 | €131,272 | €133,681 | ▲ 1.8% |
| Operating cash flow (approximation) | €320,772 | €368,559 | €483,340 | €475,426 | €501,478 | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | -€363,230 | -€83,061 | -€121,531 | -€146,506 | ▼ 20.6% |
| Change in cash | - | €100,867 | €171,219 | -€176,586 | €246,486 | ▲ 240% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €367,797 ▲6.9%
Operating result €524,802, net result €367,797, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €564,777 ▲54.5%
6 profitable years in a row build equity to €564,777.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Meise · 2 establishment units since 2018
Ground area
2,911 m²
Building footprint
117 m²
Volume, LiDAR
716 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
L. Van Hoeymissenstraat 42, 1840 Londerzeel
since 20182.285.213.991
Nieuwenrodestraat 53, 1861 Meise
since 20262.384.739.456
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23048E0118/00M002 | Flanders | 2,025 m² | 1 · 117 m² | 9.1 m · 2 fl. |
| 23093B0420/00K003 | Flanders | 886 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- HOLDING ENGELS
- VDB-ENGELS
Highest known parent: HOLDING ENGELS. The sources do not say who stands above it.
Owners 1
- HOLDING ENGELSparent100%
Holdings 1
-
14.93%
According to the 2025 annual accounts of VDB-ENGELS and those 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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,614 EUR awarded · 9,065 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,165 EUR | 4,165 EUR |
| 2024 | 1 | 2,389 EUR | 2,389 EUR |
| 2023 | 1 | 1,128 EUR | 1,579 EUR |
| 2022 | 1 | 932 EUR | 932 EUR |
Recognitions · licences · registrations
Dual-learning approval
16 endedAutotechnieken duaal (so)
Bandenmonteur (vwo)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Show 10 more
Autotechnieken duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Autotechnieken duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
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Company details
Identification
Legal formPrivate limited company
Founded08-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Contact
E-mail
info@vdb-engels.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449489387
Also
9925:BE0449489387
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.