VDB MANAGEMENT
ActiveSummary
VDB MANAGEMENT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283k and a net result of €15k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+2
Solvency93▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.02 against 5.3 in 2024; short-term debt: 32% and cash: 22.3% of total assets), and 32% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
68%
Return on assets
3.6%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
27 d late
2022
28 d late
2021
11 d late
2020
1 d early
2019
12 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€283k▼ 20.0%
2024 · €354k
Total assets
€417k▼ 3.6%
2024 · €432k
Net result
€15k▲ 91.3%
2024 · €8k
Working capital
€270k▼ 19.9%
2024 · €337k
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
Line20212022202320242025
Operating result€86k▼ 53.1%€2k▼ 97.9%€17k▲ 840%€11k▼ 36.3%€21k▲ 91.5%
Net result€54k▼ 58.5%€-681€4k€8k▲ 124%€15k▲ 91.3%
Equity€415k▲ 14.9%€414k▼ 0.2%€417k▲ 0.9%€354k▼ 15.2%€283k▼ 20.0%
Total assets€469k▼ 13.7%€458k▼ 2.4%€429k▼ 6.2%€432k▲ 0.6%€417k▼ 3.6%
Debt€54k▼ 70.2%€44k▼ 19.4%€12k▼ 72.5%€78k▲ 550%€133k▲ 70.5%
Working capital€404k▼ 13.0%€386k▼ 4.3%€399k▲ 3.2%€337k▼ 15.6%€270k▼ 19.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €417k
Fixed assets
€14k ▼ 21.8%
Current assets
€403k ▼ 2.8%
Equity and liabilities €417k
Equity
€283k ▼ 20.0%
Debt
€133k ▲ 70.5%
Debt's share of the balance-sheet total rises from 18.1% to 32.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €20k
Cash flow
€26k▲
2024 · €17k
Current ratio
3.02▼
2024 · 5.30
Debt to equity
0.47▲
2024 · 0.22
ROE
5.4%▲
2024 · 2.2%
ROA
3.6%▲
2024 · 1.8%
Interest coverage
235.66▲
2024 · 32.40
Debt ≤ 1 year
€133k▲
2024 · €78k
Income taxes
€14k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1k | €9k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €3k | €9k | €9k | €10k | ▲ 13.9% |
| Other operating charges640/8 | €3k | €1k | €7k | €617 | €2k | ▲ 212% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €96k | €8k | €33k | €20k | €33k | ▲ 60.6% |
| Operating profit (loss)9901 | €86k | €2k | €17k | €11k | €21k | ▲ 91.5% |
| Financial income75/76B | €852 | €2k | €2k | €7k | €9k | ▲ 23.2% |
| Recurring financial income75 | €852 | €2k | €2k | €7k | €9k | ▲ 23.2% |
| Financial charges65/66B | €1k | €371 | €643 | €612 | €131 | ▼ 78.6% |
| Recurring financial charges65 | €291 | €371 | €643 | €612 | €131 | ▼ 78.6% |
| Non-recurring financial charges66B | €1k | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €86k | €3k | €19k | €17k | €29k | ▲ 69.7% |
| Income taxes67/77 | €32k | €4k | €15k | €9k | €14k | ▲ 50.9% |
| Profit (loss) for the period9904 | €54k | €-681 | €4k | €8k | €15k | ▲ 91.3% |
| Profit (loss) for the period to be appropriated9905 | €54k | €-681 | €4k | €8k | €15k | ▲ 91.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €469k | €458k | €429k | €432k | €417k | ▼ 3.6% |
| Fixed assets21/28 | €11k | €27k | €19k | €17k | €14k | ▼ 21.8% |
| Tangible fixed assets22/27 | €11k | €27k | €19k | €17k | €14k | ▼ 21.8% |
| Furniture and vehicles24 | €4k | €20k | €13k | €13k | €9k | ▼ 30.4% |
| Other tangible fixed assets26 | €7k | €8k | €6k | €5k | €5k | ▲ 1.3% |
| Current assets29/58 | €458k | €430k | €411k | €415k | €403k | ▼ 2.8% |
| Amounts receivable after more than one year29 | - | €83k | €100k | €100k | €32k | ▼ 67.9% |
| Other amounts receivable291 | - | €83k | €100k | €100k | €32k | ▼ 67.9% |
| Amounts receivable within one year40/41 | €20k | €12k | €32k | €26k | €2k | ▼ 91.4% |
| Trade receivables40 | €5k | €12k | €16k | €917 | €2k | ▲ 145% |
| Other amounts receivable41 | €15k | €2 | €16k | €25k | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €250k | €250k | = |
| Cash at bank and in hand54/58 | €438k | €332k | €275k | €35k | €93k | ▲ 167% |
| Deferred charges and accrued income490/1 | €731 | €4k | €4k | €4k | €26k | ▲ 604% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €469k | €458k | €429k | €432k | €417k | ▼ 3.6% |
| Equity10/15 | €415k | €414k | €417k | €354k | €283k | ▼ 20.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €396k | €396k | €399k | €335k | €265k | ▼ 21.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €394k | €394k | €397k | €333k | €263k | ▼ 21.2% |
| Profit (loss) carried forward14 | - | €-681 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €54k | €44k | €12k | €78k | €133k | ▲ 70.5% |
| Amounts payable within one year42/48 | €54k | €44k | €12k | €78k | €133k | ▲ 70.5% |
| Financial debts43 | - | - | €6 | €388 | €1k | ▲ 164% |
| Credit institutions430/8 | - | - | €6 | €388 | €1k | ▲ 164% |
| Trade debts44 | €2k | €809 | €3k | €1k | €7k | ▲ 440% |
| Suppliers440/4 | €2k | €809 | €3k | €1k | €7k | ▲ 440% |
| Taxes, remuneration and social security45 | €52k | €36k | €9k | €5k | €14k | ▲ 180% |
| Taxes450/3 | €52k | €36k | €9k | €5k | €14k | ▲ 180% |
| Other amounts payable47/48 | - | €7k | €0 | €71k | €111k | ▲ 55.6% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €-681 | €4k | €8k | €15k | ▲ 91.3% |
| + Depreciation and write-downs630 | €6k | €3k | €9k | €9k | €10k | ▲ 13.9% |
| Operating cash flow (approximation) | €60k | €3k | €12k | €17k | €26k | ▲ 50.0% |
| Investment in fixed assets (approximation) | - | €-20k | €0 | €-8k | €-7k | ▲ 14.1% |
| Change in cash | - | €-106k | €-57k | €-240k | €58k | ▲ 124% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 34.12
Current ratio from 9.82 to 34.12; short-term debt falls from €44k to €12k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-681
Net result drops to €-681, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €129k ▲50.8%
Operating result €184k, net result €129k, both a record.
31-12
Financial
Liquidity times 6current ratio 7.86
Current ratio from 1.36 to 7.86; short-term debt falls from €87k to €68k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Show earlier events
2019
31-12
Financial
Equity above €200kEq €231k ▲59%
2 profitable years in a row build equity to €231k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Sint-Pieters-Woluwe · 1 establishment unit since 2006
Ground area
577 m²
Building footprint
101 m²
Volume, LiDAR
923 m³
Parcel 21684B0066/00H011, Brussels · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
-
since 20062.153.827.590
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21684B0066/00H011 | Brussels | 577 m² | 1 · 101 m² | 12.6 m · 3 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500PCW6LN82GVF243
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Of 1,725 companies in sector 52210 we hold annual accounts for 770. 533 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
Founded20-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.