Turnover
≈ €100,000 estimated
The micro format states no turnover.
VDB Liner
Lifetime
15 annual accounts with figures on one time axisGross marginpeak €56,477 (2022)
€29,347▼ 12.9%
Resultlowest -€49,929 (2014)
-€3,622▼ €7,361
Equitypeak €117,814 (2024)
€114,192▼ 3.1%
Debts
€93,597▲ 108%
Staffpeak 1 FTE (2013)
-not published
Board1 name since 2010
1 directorVan den Berghe Thomas
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €33,707 to €29,347Loss of €3,622Debts from €44,971 to €93,597Investments €79,500
Key points
from the 2025 annual accountsInvestments
€79,500 2.7 × depreciation
Green is investment, beige is depreciation.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 0 to 45 days before the end of the period.
Checked score
91
Excellent
Financially stronger than 58% of micro companies in land transport (NACE 49)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.9% across 9,100 companies (NACE 49, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Liquidity: current ratio 3.64, cash €83,051
Founded in 2010
Equity €114,192 (55.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 67% of them on solvency, 96% on liquidity, 37% on profitability and 32% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as VDB Liner has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDB Liner itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for VDB Liner. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.64 (4.85 in 2024), above the usual 1.5. Short-term debt is 13.1% and cash 40% of total assets. 45% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
17 days early
2023
5 days early
2022
on the day
2021
45 days early
2020
25 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0832161515
Incorporation
published on 03-01-2011 · Gazette deed
First establishment
Broekstraat 71, Buggenhout
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| VDB Liner Buggenhout | €207,788 | €29,347 | 55.0% | - |
| FV-Service Ardooie | €215,017 | €29,879 | 21.6% | - |
| STALLION EXPRESS Braine-l'Alleud | €218,455 | €26,497 | 49.4% | - |
| Q-Trans Pittem | €192,539 | €33,440 | 12.7% | - |
| TRANSPORT JIMMY AERTS Zoersel | €181,003 | €35,158 | 51.1% | - |
| GIBCO Heers | €172,199 | €25,413 | -8.3% | - |
| EURO TRANS Antwerp | €189,547 | €35,787 | 28.4% | - |
These companies have the same main activity as VDB Liner: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €172,000 and €218,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 23-12-2010Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.196.104.5469255 Buggenhout, since 22-12-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 14-07-2025
Annual accounts 2025
- Total assets
- €207,788▲ 27.6%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on VDB Liner
VDB Liner files the micro format. That format states no turnover. The gross margin rose from €26,674 in 2011 to €29,347 in 2025.
The balance sheet grew most from 2021 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VDB Liner
- What is the company number of VDB Liner?
- The company number of VDB Liner is 0832.161.515. The VAT number is the same number with BE in front: BE 0832.161.515.
- Where is VDB Liner based?
- The registered office is at Broekstraat 71, 9255 Buggenhout.Company details
- What does VDB Liner do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of VDB Liner?
- VDB Liner is a private limited company (BV).
- When was VDB Liner founded?
- VDB Liner was founded on 23-12-2010.
- Is VDB Liner still active?
- Yes, VDB Liner is an active enterprise in the KBO register.
- What is the turnover of VDB Liner?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €29,347 and 60 comparable companies (NACE 49410). It probably lies between €76,000 and €150,000. In financial year 2021 turnover was €149,598.Financials
- Is VDB Liner profitable?
- In financial year 2025, VDB Liner made a loss of €3,622.
- Where can I find the annual accounts of VDB Liner?
- VDB Liner filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VDB Liner due?
- VDB Liner must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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