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VDB Support

Active
Private limited companyfounded 20242 years activeBrugse Steenweg 45, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 1005.367.584
Summary

The computed 12-month bankruptcy probability of VDB Support is 4.2% (elevated). The 2024 annual accounts show equity of €42,474 and a net result of €41,474. Its solvency ranks better than 52% of 2,029 sector peers (NACE 77, fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2024, micro schema

Equity
€42,474
Total assets
€126,945
Net result
€41,474
Working capital
€64,643

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €126,945
Equity €42,474
Debt €84,471
Debt finances 66.5% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€63,963
Cash flow
€42,805
Current ratio
2.04
Debt to equity
1.99
ROE
97.6%
ROA
32.7%
Interest coverage
38.51
Debt ≤ 1 year
€62,302
Debt > 1 year
€22,169
Income taxes
€19,497

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 39,278 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 32 lines
Balance sheet Code2024
Assets
Total assets20/58€126,945
Current assets29/58€126,945
Amounts receivable within one year40/41€121,000
Trade receivables40€121,000
Cash at bank and in hand54/58€5,945
Equity and liabilities
Total equity and liabilities10/49€126,945
Equity10/15€42,474
Contributions10/11€1,000
Reserves13€41,474
Distributable reserves133€41,474
Amounts payable17/49€84,471
Amounts payable after more than one year17€22,169
Other amounts payable178/9€22,169
Amounts payable within one year42/48€62,302
Current portion of amounts payable after more than one year42€25,000
Trade debts44€2,604
Suppliers440/4€2,604
Taxes, remuneration and social security45€34,699
Taxes450/3€34,699
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,331
Other operating charges640/8€53
Gross operating margin9900€64,016
Operating profit (loss)9901€62,632
Financial charges65/66B€1,661
Recurring financial charges65€1,661
Profit (loss) for the period before taxes9903€60,971
Income taxes67/77€19,497
Profit (loss) for the period9904€41,474
Profit (loss) for the period to be appropriated9905€41,474
Appropriation of the result
Profit (loss) to be appropriated9906€41,474
Transfer to equity691/2€41,474
To other reserves6921€41,474

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,331
Other operating charges640/8€53
Gross operating margin9900€64,016
Operating profit (loss)9901€62,632
Financial charges65/66B€1,661
Recurring financial charges65€1,661
Profit (loss) for the period before taxes9903€60,971
Income taxes67/77€19,497
Profit (loss) for the period9904€41,474
Profit (loss) for the period to be appropriated9905€41,474
Line2024
Assets
Total assets20/58€126,945
Current assets29/58€126,945
Amounts receivable within one year40/41€121,000
Trade receivables40€121,000
Cash at bank and in hand54/58€5,945
Equity and liabilities
Total equity and liabilities10/49€126,945
Equity10/15€42,474
Contributions10/11€1,000
Reserves13€41,474
Distributable reserves133€41,474
Amounts payable17/49€84,471
Amounts payable after more than one year17€22,169
Other amounts payable178/9€22,169
Amounts payable within one year42/48€62,302
Current portion of amounts payable after more than one year42€25,000
Trade debts44€2,604
Suppliers440/4€2,604
Taxes, remuneration and social security45€34,699
Taxes450/3€34,699
Line2024
Profit (loss) for the period9904€41,474
+ Depreciation and write-downs630€1,331
Operating cash flow (approximation)€42,805

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 977 companies in this sector we hold annual accounts for 221. 159 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2025 · 1 entry · €51 awarded
Year Entries awardedpaid
2025 1 €51€0
Schemes
1 entry · €51 · Fonds voor Innoveren en Ondernemen