VDB Packaging
ActiveSummary
VDB Packaging has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357,466 and a net result of €159,123. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 59% of 9,758 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €357,466
- Profit
- €159,123
- MATTON Vincent Marcel RitaManaging director
- MELIXDirector · permanent representative DESMET Muriel
Why 97lowers riskLiquidity: current ratio 2.09, cash €279,672Founded in 1994Size: total assets €690,919Equity €357,466 (51.7% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 59% on solvency, 80% on liquidity and 89% on profitability.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 62 days before the deadline; the sector median (NACE 46) for financial year 2023 is 2 days before the deadline, and 40% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Reappointment: MELIX (director)Permanent representative: DESMET Muriel ·…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00028396.
2020 to 2025, 5 financial years 2019 to 2025, 6 financial years
The operating result is €150,341 in 2025, compared with €143,341 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,474 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €23,000 | - |
| Remuneration, social security and pensions62 | - | - | - | €3,750 | €3,729 | €4 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,437 | €11,533 | €12,382 | €12,670 | €12,873 | €357 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€2,028 | - | - |
| Other operating charges640/8 | - | - | - | €9,430 | €7,370 | €8,425 | - |
| Non-recurring operating charges66A | - | - | - | - | - | €2,568 | - |
| Gross operating margin9900 | €155,812 | €179,032 | €185,240 | €245,699 | €165,285 | €161,696 | - |
| Operating profit (loss)9901 | €123,646 | €141,067 | €141,686 | €219,848 | €143,341 | €150,341 | - |
| Financial income75/76B | - | - | - | €28,942 | €20,083 | €49,752 | - |
| Recurring financial income75 | €24,687 | €27,023 | €26,919 | €28,942 | €20,083 | €49,752 | - |
| Financial charges65/66B | - | - | - | €32,377 | €19,658 | €19,506 | - |
| Recurring financial charges65 | €24,661 | €24,462 | €24,889 | €32,034 | €19,658 | €19,506 | - |
| Non-recurring financial charges66B | - | - | - | €343 | - | - | - |
| Profit (loss) for the period before taxes9903 | €123,672 | €143,628 | €143,716 | €216,414 | €143,767 | €180,587 | - |
| Income taxes67/77 | €37,710 | €44,841 | €43,132 | €51,449 | €38,287 | €21,464 | - |
| Profit (loss) for the period9904 | €85,962 | €98,788 | €100,584 | €164,965 | €105,479 | €159,123 | - |
| Profit (loss) for the period to be appropriated9905 | €85,962 | €98,788 | €100,584 | €164,965 | €105,479 | €159,123 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €497,351 | €506,613 | €673,534 | €816,484 | €768,918 | €690,919 | - |
| Fixed assets21/28 | €45,409 | €39,998 | €27,715 | €15,572 | €3,828 | €902 | - |
| Intangible fixed assets21 | €2,844 | €2,133 | €1,422 | €711 | €982 | €625 | - |
| Tangible fixed assets22/27 | €41,944 | €37,245 | €25,673 | €14,583 | €2,568 | - | - |
| Plant, machinery and equipment23 | - | - | - | €2,079 | €1,355 | - | - |
| Furniture and vehicles24 | - | - | - | €12,504 | €1,213 | - | - |
| Financial fixed assets28 | €620 | €620 | €620 | €278 | €278 | €278 | - |
| Current assets29/58 | €451,942 | €466,615 | €645,819 | €800,912 | €765,090 | €690,017 | - |
| Stocks and contracts in progress3 | €255,229 | €197,698 | €305,859 | €246,740 | €123,745 | €140,237 | - |
| Stocks30/36 | - | - | - | €246,740 | €123,745 | €140,237 | - |
| Amounts receivable within one year40/41 | €76,909 | €121,995 | €98,931 | €120,810 | €147,521 | €270,108 | - |
| Trade receivables40 | - | - | - | €97,259 | €140,201 | €96,899 | - |
| Other amounts receivable41 | - | - | - | €23,551 | €7,320 | €173,209 | - |
| Cash at bank and in hand54/58 | €113,134 | €144,478 | €238,369 | €431,456 | €493,824 | €279,672 | - |
| Deferred charges and accrued income490/1 | - | - | - | €1,905 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €497,351 | €506,613 | €673,534 | €816,484 | €768,918 | €690,919 | - |
| Equity10/15 | €363,842 | €462,630 | €563,214 | €728,178 | €273,343 | €357,466 | - |
| Contributions10/11 | €62,000 | €62,000 | - | €62,000 | €62,000 | €62,000 | - |
| Reserves13 | €301,842 | €400,630 | €501,214 | €666,178 | €211,343 | €295,466 | - |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | - |
| Reserves not available under the articles1311 | - | - | - | €6,200 | €6,200 | €6,200 | - |
| Tax-exempt reserves132 | - | - | - | €18,750 | €18,750 | €18,750 | - |
| Distributable reserves133 | - | - | - | €641,228 | €186,393 | €270,516 | - |
| Amounts payable17/49 | €133,508 | €43,984 | €110,320 | €88,306 | €495,575 | €333,454 | - |
| Amounts payable within one year42/48 | €133,508 | €43,984 | €93,320 | €86,306 | €494,775 | €330,196 | - |
| Trade debts44 | €124,936 | €30,506 | €88,146 | €79,198 | €88,199 | €107,597 | - |
| Suppliers440/4 | - | - | - | €79,198 | €88,199 | €107,597 | - |
| Taxes, remuneration and social security45 | - | - | - | €6,942 | €6,624 | €47,807 | - |
| Taxes450/3 | - | - | - | €6,929 | €4,016 | €38,298 | - |
| Remuneration and social security454/9 | - | - | - | €13 | €2,609 | €9,509 | - |
| Other amounts payable47/48 | - | - | - | €166 | €399,952 | €174,792 | - |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | €800 | €3,258 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,962 | €98,788 | €100,584 | €164,965 | €105,479 | €159,123 | - |
| + Depreciation and write-downs630 | €14,437 | €11,533 | €12,382 | €12,670 | €12,873 | €357 | - |
| Operating cash flow (approximation) | €100,399 | €110,321 | €112,965 | €177,635 | €118,352 | €159,480 | - |
| Investment in fixed assets (approximation) | - | -€6,123 | -€98 | -€527 | -€1,129 | - | - |
| Change in cash | - | €31,344 | €93,891 | €193,088 | €62,368 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00028396 |
| 30-09-2023 | abbreviated format | 11-03-2024 | 2024-00041746 |
| 30-09-2022 | abbreviated format | 23-12-2022 | 2022-20545368 |
| 30-09-2021 | abbreviated format | 30-03-2022 | 2022-09200277 |
| 30-09-2020 | abbreviated format | 14-12-2020 | 2020-75400523 |
| 30-09-2019 | abbreviated format | 09-03-2020 | 2020-06500154 |
| 30-09-2018 | abbreviated format | 25-03-2019 | 2019-07800565 |
| 30-09-2017 | abbreviated format | 16-03-2018 | 2018-07000349 |
| 30-09-2016 | abbreviated format | 20-03-2017 | 2017-06900190 |
| 30-09-2015 | abbreviated format | 15-03-2016 | 2016-06400379 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €1,800 awarded · €1,800 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| MATTON Vincent Marcel Rita |
|
| MELIX |
|
Owners and capital
Capital and shareholders
- 16-07-2024 Capital stated in the deed · €62,000 · 2,500 shares
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
History
Acts, filings and financial milestones
16-07
Gazette deed
Reappointment: MELIX (director)Permanent representative: DESMET Muriel · Appointment: MATTON Vincent Marcel Rita (director) · Amendment of the articles15 facts ▸
- General meeting, 30-04-2024
- Amendment of the articles (2 times)
- Name change, VDB Packaging
- Other provision, “verlenging huidig boekjaar en overgangsmaatregelen”, 30-06-2025 (deed in Dutch)
- Capital, €62,000
- Director reappointment, MELIX (director)
- Permanent representative, DESMET Muriel
- Director appointment, MATTON Vincent Marcel Rita (director)
- Declaration, “verbodsbepaling” (deed in Dutch)
- Registered office clause, “1853 Grimbergen (Strombeek-Bever),Kleinewinkellaan 42” (deed in Dutch)
- Other provision, “info@vdbpackaging.be, website en e-mail” (deed in Dutch)
- Declaration, “prijs dienstverlening” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0271/00Z004 | Flanders | 6,867 m² | 1 · 2,437 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van commerciële diensten en het verlenen van handelsactiviteiten die deze diensten ondersteunen; Tussenkomen bij in-en uitvoer…” (deed in Dutch)
10 activities (deed in Dutch)
- Het verlenen van commerciële diensten en het verlenen van handelsactiviteiten die deze diensten ondersteunen.
- Tussenkomen bij in-en uitvoer van handelsgoederen.
- Al deze activiteiten dienen geïnterpreteerd in de meeste ruime zin.
- De vennootschap mag verder alle handels-,nijverheids-,financiële roerende of onroerende zaken verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Het verwerven,aanhouden en beheren van deelnemingen of participaties in andere vennootschappen,het beleggen van vermogens op rekening,in effecten of waarden van welke aard ook,anders dan bedoeld door artikel 157 van de wet van vier december negentienhonderd negentien;
- Het kopen,verkopen,beheren,huren,verhuren,herstellen of onderhouden van alle onroerende goederen,van outillering en uitrusting.
- De vennootschap mag mandaten van bestuurder,gedelegeerd bestuurder,of vereffenaar van vennootschappen aanvaarden en uitoefenen.
- Zij mag zich borg stellen en onroerende goederen in pand geven of hypothekeren voor verbintenissen door derde personen aangegaan.
- Zij mag daarenboven alle handelingen van commerciële,industriële en financiële,roerende en onroerende aard verrichten,die rechtstreeks of onrechtstreeks betrekking hebben op haar voorwerp,of van aard zijn haar activiteiten,toeleveringsbedrijven en afzetgebieden te ontwikkelen en uit te breiden.
- Zij mag ook door inbreng,samensmelting,financiële tussenkomst of anderszins deelnemen aan vennootschappen of ondernemingen die een gelijkaardig of aanverwant voorwerp nastreven of van die aard zijn haar activiteiten,toeleveringsbedrijven en afzetgebieden te ontwikkelen en uit te breiden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VDB Packaging
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Blijven in functie indien nodig voor minimum, 3” (deed in Dutch)“Benoemde beëindigt opdracht vervangen bestuurder, voortijdige vacature” (deed in Dutch)“Oproepingsbrief,bij gebrek zetel, bijeenroeping” (deed in Dutch)“Één collega per bepaalde raad,schriftelijk of met materieel spoor,lastgever geacht aanwezig, besluitvorming” (deed in Dutch)“Notulen, bijzonder register” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of December at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een of meer, Benoeming van de vereffenaars” (deed in Dutch)“Bevoegdheden van de vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)