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Vdb Shipping

Active
Private limited companyfounded 197650 yrs activeBriel (BAA) 16, 9200 Dendermonde, BelgiumKBO/BCE: BE 0416.344.091
Summary

Vdb Shipping has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€363,097) and a net result of -€274,035. Equity is shrinking by ~32.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 1050 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
Vdb ShippingActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Warehousing and support activities for transportation
NACE 52220Telecommunications resale and intermediation services NACE 61200
#5 company by total assets in Dendermonde, Transport and storage sector1 site
Size
€6.8mtotal assets 2025
Equity
-€363,097
Loss
-€274,035
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.9%
Structure
Largest shareholder
DESBO BRANDSTOFFEN · 32%
Accounts filed 31 d late0 of 6 deeds read
Why 53Capped at 59: negative equity- Sector Warehousing and support activities for transportation (NACE 52)- Negative equity -€363,097- Liquidity: current ratio 0.14, cash €89,254+ Size: total assets €6.8mShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (NACE 52, small)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 20-4
equity -5.4% of total assets
Liquidity 30-2
short-term debt 45.2% · cash 1.3%
Profitability 32+4
return on assets -4.0%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (593 companies)
Last 22 months 01-2025: 1.2% 02-2025: 1.2%▲ +1.7% vs 01-2025 03-2025: 1.2%▲ +1.3% vs 02-2025 04-2025: 1.2%▲ +1.6% vs 03-2025 05-2025: 1.4%▲ +14.9% vs 04-2025 06-2025: 1.5%▲ +2.4% vs 05-2025 07-2025: 1.7%▲ +16.5% vs 06-2025 08-2025: 2.4%▲ +42.3% vs 07-2025highest value 09-2025: 1.5%▼ -37.3% vs 08-2025 10-2025: 1.5%● 0.0% vs 09-2025 11-2025: 1.5%● 0.0% vs 10-2025 12-2025: 1.5%● 0.0% vs 11-2025 01-2026: 1.5%● 0.0% vs 12-2025 02-2026: 1.6%▲ +3.1% vs 01-2026 03-2026: 0.8%▼ -49.7% vs 02-2026lowest value 04-2026: 0.8%● 0.0% vs 03-2026lowest value 05-2026: 0.8%▲ +5.6% vs 04-2026 06-2026: 0.9%▲ +4.4% vs 05-2026 07-2026: 0.9%▲ +6.7% vs 06-2026 08-2026: 1.4%▲ +56.3% vs 07-2026 09-2026: 0.9%▼ -34.1% vs 08-2026 10-2026: 0.9%● 0.0% vs 09-2026
  • Size: total assets €6.8m lowers the probability for this profile
  • Sector Warehousing and support activities for transportation (NACE 52) raises the probability
  • Negative equity -€363,097 raises the probability
  • Liquidity: current ratio 0.14, cash €89,254 raises the probability
No credit on open account
Liquidity short (current ratio 0.14 against 0.1 in 2024; short-term debt: 45.2% and cash: 1.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, small). Better than this share of them on solvency 7%, liquidity 28%, profitability 20%, growth against the median 2%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €6.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Sector Warehousing and support activities for transportation (NACE 52)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Negative equity -€363,097
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.14, cash €89,254
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€363,097
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
55 d early
2022
21 d early
2021
29 d late
2020
31 d late
2019
32 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 2 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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 29 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€274,035
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€363,097 View
  • Caution: Equity fell in 2025from -€89,062 to -€363,097 ▼ 308% View
  • Caution: Among the weakest 5% on net resultsector median €11,177 · 1,049 companies -€274,035 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€274,035 View
  • Active since 1976founded 30-08-1976 50 years View

By topic

Financials

Fiscal year
2025
Total assets
€6.8m
Loss
-€274,035
Solvency
-5.4%
Total assets▼ 5.5%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 29-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Warehousing and support activities for transportationNACE 52220
Founded
30-08-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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