Summary
VDB Enterprises is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €81,881 and a net result of €79,881. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 8102 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
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 4 filingsDeviation from the deadline
2025
13 d late
2024
125 d late
2023
84 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 12 October (3 of the last 4 filed years within 52 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€81,881▼ 2.7%
2024 · €84,173
Net result
€79,881▼ 2.8%
2024 · €82,173
Total assets
€484,160▲ 8.8%
2024 · €445,202
Solvency
16.9%▼ 2.0pp
2024 · 18.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 64, Financial service activities, except insurance and pension funding, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202320242025
Operating result€36,802-€266,823-€113,411▼ 57.5%€97,305▼ 14.2%
Net result€28,900within the sector's middle half-€204,972above the sector's middle half-€82,173above the sector's middle half▼ 59.9%€79,881within the sector's middle half▼ 2.8%
Equity€30,900below the sector's middle half-€323,904within the sector's middle half-€84,173within the sector's middle half▼ 74.0%€81,881within the sector's middle half▼ 2.7%
Total assets€62,248below the sector's middle half-€429,135within the sector's middle half-€445,202within the sector's middle half▲ 3.7%€484,160within the sector's middle half▲ 8.8%
Debt€31,347-€105,231-€361,028▲ 243%€402,278▲ 11.4%
Working capital€18,091within the sector's middle half-€293,644above the sector's middle half-€19,636within the sector's middle half▼ 93.3%€35,557within the sector's middle half▲ 81.1%
Solvency49.6%within the sector's middle half-75.5%within the sector's middle half-18.9%below the sector's middle half▼ 56.6pp16.9%below the sector's middle half▼ 2.0pp
Current ratio1.63within the sector's middle half-3.79within the sector's middle half-1.05within the sector's middle half▼ 2.741.09within the sector's middle half▲ 0.03
Return on assets (ROA)46.4%above the sector's middle half-47.8%above the sector's middle half-18.5%within the sector's middle half▼ 29.3pp16.5%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €484,160
Fixed assets
€46,325 ▼ 28.7%
Current assets
€437,835 ▲ 15.1%
Equity and liabilities €484,160
Equity
€81,881 ▼ 2.7%
Debt
€402,278 ▲ 11.4%
Debt's share of the balance-sheet total rises from 81.1% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
97.6%▼
2024 · 97.6%
Debt ≤ 1 year
€402,278▲
2024 · €360,632
Income taxes
€29,164▼
2024 · €30,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,223 | €1,500 | €1,990 | €2,125 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,957 | €9,233 | €18,103 | €18,608 | ▲ 2.8% |
| Other operating charges640/8 | €884 | €472 | €2,711 | €647 | ▼ 76.1% |
| Gross operating margin9900 | €44,642 | €276,528 | €134,225 | €116,560 | ▼ 13.2% |
| Operating profit (loss)9901 | €36,802 | €266,823 | €113,411 | €97,305 | ▼ 14.2% |
| Financial income75/76B | - | €0 | €0 | €12,348 | ▲ 123,476,600% |
| Recurring financial income75 | - | €0 | €0 | €12,348 | ▲ 123,476,600% |
| Financial charges65/66B | €569 | €109 | €497 | €607 | ▲ 22.0% |
| Recurring financial charges65 | €569 | €109 | €497 | €607 | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | €36,233 | €266,715 | €112,914 | €109,046 | ▼ 3.4% |
| Income taxes67/77 | €7,333 | €61,742 | €30,741 | €29,164 | ▼ 5.1% |
| Profit (loss) for the period9904 | €28,900 | €204,972 | €82,173 | €79,881 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €28,900 | €204,972 | €82,173 | €79,881 | ▼ 2.8% |
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62,248 | €429,135 | €445,202 | €484,160 | ▲ 8.8% |
| Fixed assets21/28 | €15,424 | €30,261 | €64,933 | €46,325 | ▼ 28.7% |
| Tangible fixed assets22/27 | €15,424 | €30,261 | €64,933 | €46,325 | ▼ 28.7% |
| Land and buildings22 | €2,708 | €3,865 | €2,348 | €1,222 | ▼ 47.9% |
| Plant, machinery and equipment23 | €641 | €3,628 | €2,221 | €815 | ▼ 63.3% |
| Furniture and vehicles24 | €12,075 | €22,768 | €60,364 | €44,288 | ▼ 26.6% |
| Current assets29/58 | €46,823 | €398,874 | €380,268 | €437,835 | ▲ 15.1% |
| Amounts receivable within one year40/41 | €15,000 | €19,298 | €41,870 | €79,025 | ▲ 88.7% |
| Trade receivables40 | - | - | €6,050 | €42,350 | ▲ 600% |
| Other amounts receivable41 | €15,000 | €19,298 | €35,820 | €36,675 | ▲ 2.4% |
| Cash at bank and in hand54/58 | €31,396 | €379,113 | €337,304 | €357,652 | ▲ 6.0% |
| Deferred charges and accrued income490/1 | €427 | €463 | €1,095 | €1,158 | ▲ 5.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62,248 | €429,135 | €445,202 | €484,160 | ▲ 8.8% |
| Equity10/15 | €30,900 | €323,904 | €84,173 | €81,881 | ▼ 2.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €28,900 | €321,904 | €82,173 | €79,881 | ▼ 2.8% |
| Distributable reserves133 | €28,900 | €321,904 | €82,173 | €79,881 | ▼ 2.8% |
| Amounts payable17/49 | €31,347 | €105,231 | €361,028 | €402,278 | ▲ 11.4% |
| Amounts payable after more than one year17 | €2,615 | - | - | - | - |
| Financial debts170/4 | €2,615 | - | - | - | - |
| Amounts payable within one year42/48 | €28,732 | €105,231 | €360,632 | €402,278 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | €6,188 | - | - | - | - |
| Trade debts44 | €142 | - | - | €430 | - |
| Suppliers440/4 | €142 | - | - | €430 | - |
| Taxes, remuneration and social security45 | €22,402 | €94,138 | €95,164 | €85,289 | ▼ 10.4% |
| Taxes450/3 | €12,809 | €94,138 | €95,164 | €85,289 | ▼ 10.4% |
| Remuneration and social security454/9 | €9,592 | - | - | - | - |
| Other amounts payable47/48 | - | €11,093 | €265,469 | €316,560 | ▲ 19.2% |
| Accrued charges and deferred income492/3 | - | - | €396 | - | - |
| Line | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,900 | €204,972 | €82,173 | €79,881 | ▼ 2.8% |
| + Depreciation and write-downs630 | €6,957 | €9,233 | €18,103 | €18,608 | ▲ 2.8% |
| Operating cash flow (approximation) | €35,857 | €214,205 | €100,276 | €98,490 | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | - | -€52,775 | €0 | ▲ 100% |
| Change in cash | - | - | -€41,810 | €20,348 | ▲ 149% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
31-12
Financial
Highest result since 2021net €204,972 ▲609%
Operating result €266,823, net result €204,972, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.79
Current ratio from 1.63 to 3.79.
31-12
Financial
Equity above €200,000Eq €323,904 ▲948%
2 profitable years in a row build equity to €323,904.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 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, Brugge · 1 establishment unit since 2020
Ground area
105 m²
Building footprint
105 m²
Parcel 31803C0142/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
VDB Enterprises
since 20202.301.990.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C0142/00B000 | Flanders | 105 m² | 1 · 105 m² | - |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 11,823 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
Founded15-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745986913
Also
9925:BE0745986913
Registered
26-11-2025
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.