Active BE 0819.350.684Private limited company

VDB TECHNICS

Schelpenlaan 8 ·8434 Middelkerke, Belgium· 16 yrs active

Sector: General electrical installation work (43211)

Conclusion Checked

VDB TECHNICS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€13k
Net result	€-16k
Better than sector	13%
Active	16 yrs

Financial profile 5 of 5 axes measured · computed by Checked

39 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 27

Profitability 0

Solvency 18

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2009, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

27 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€500

estimate, not credit advice

Score history

13 2021

56 2022

76 2023

45 2024

27 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.08 (≥ 1.0) +5

Quick ratio Quick ratio 1.08 (≥ 1.0) +5

Leverage Debt/equity 10.67 (> 3.0) -10

Profitability Negatieve ROE -121% -10

Interest coverage Interest coverage -1.4× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview16 NBB filings

Annual accounts filed on 15-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.6%	47.4%	better than 13% of 26547 sector peers
Net result	€-16k	€10k	better than 9% of 26539 sector peers
Equity	€13k	€60k	better than 19% of 26557 sector peers
Gross operating margin	€-346	€39k	better than 9% of 26517 sector peers
Total assets	€152k	€141k	better than 52% of 26551 sector peers

EBITDA

€-5k

- 21-25

Net profit

€-16k

-2084.0% 21-25

Cash flow

€-8k

- 21-25

Total assets

€152k

+13.8% 21-25

Equity

€13k

-54.7% 21-25

Working capital

€6k

-60.7% 21-25

Income taxes

€0

-100.0% 21-25

Debt

€139k

+32.6% 21-25

Debt ≤ 1y

€78k

+15.8% 21-25

Debt > 1y

€61k

+62.9% 21-25

Current ratio

1.08

-12.0% 21-25

Quick ratio

1.08

-12.0% 21-25

Solvency

8.6%

-60.2% 21-25

Debt / equity

10.67

+192.6% 21-25

ROE

-120.7%

-4720.4% 21-25

ROA

-10.3%

-1819.3% 21-25

Interest coverage

-1.37

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€-5k	€17k	€50k	€34k	€23k
Net profit	€-16k	€-720	€24k	€10k	€6k
Cash flow	€-8k	€14k	€38k	€22k	€18k
Staff costs	-	-	-	-	-
Income taxes	€0	€142	€9k	€10k	€1k
Dividends	-	-	-	-	-
Total assets	€152k	€134k	€135k	€122k	€95k
Equity	€13k	€29k	€29k	€5k	€-4k
Debt	€139k	€105k	€105k	€116k	€100k
of which ≤ 1y	€78k	€67k	€83k	€85k	€87k
of which > 1y	€61k	€37k	€23k	€31k	€11k
Working capital	€6k	€15k	€20k	€-15k	€-18k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.08	1.22	1.24	0.82	0.80
Quick ratio	1.08	1.22	1.24	0.82	0.80
Working capital ratio	3.9%	11.2%	14.7%	-12.4%	-18.6%
Solvency	8.6%	21.5%	21.9%	4.5%	-4.3%
Debt / equity	10.67	3.65	3.57	21.18	-24.10
Long-term debt ratio	4.68	1.30	0.77	5.64	-2.69
Interest coverage	-1.37	5.02	18.69	15.92	6.13
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	-10.3%	-0.5%	17.8%	7.9%	6.1%
ROE	-120.7%	-2.5%	81.4%	175.3%	-141.4%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €68k · 44.8% Current assets €84k · 55.2%

Equity & liabilities

Equity €13k · 8.6% Debt €139k · 91.4%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€152k	€134k	€135k	€122k	€95k
Fixed assets	21/28	€68k	€51k	€32k	€52k	€26k
Tangible fixed assets	22/27	€68k	€51k	€32k	€52k	€26k
Financial fixed assets	28	€45	€45	€45	€45	€45
Current assets	29/58	€84k	€82k	€102k	€70k	€70k
Amounts receivable within one year	40/41	€31k	€21k	€25k	€24k	€22k
Cash & bank	54/58	€50k	€58k	€76k	€46k	€46k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€152k	€134k	€135k	€122k	€95k
Equity	10/15	€13k	€29k	€29k	€5k	€-4k
Contributions / capital	10/11	€7k	€7k	€7k	€7k	€7k
Reserves	13	€6k	€22k	€22k	€22k	€22k
Accumulated profits (losses)	14	€0	€-112	€608	€-23k	€-33k
Amounts payable	17/49	€139k	€105k	€105k	€116k	€100k
Amounts payable after one year	17	€61k	€37k	€23k	€31k	€11k
Amounts payable within one year	42/48	€78k	€67k	€83k	€85k	€87k
Trade debts payable within one year	44	€7k	€6k	€6k	€2k	€7k
Income statement
Gross operating margin	9900	€-346	€20k	€52k	€35k	€25k
Operating result	9901	€-12k	€3k	€36k	€22k	€11k
Financial income	75	€0	€395	€5	€48	€54
Financial charges	65	€3k	€3k	€3k	€2k	€4k
Result before taxes	9903	€-16k	€-578	€33k	€20k	€7k
Income taxes	67/77	€0	€142	€9k	€10k	€1k
Net result for the period	9904	€-16k	€-720	€24k	€10k	€6k
Result to be appropriated	9905	€-16k	€-720	€24k	€10k	€6k

Legal Structure

NACE primary	General electrical installation work(43211)
Legal form	Private limited company(610)
Incorporation	07-10-2009
Status	Active
Postal code	8434

Establishment units 1 location

VDB TECHNICS

Schelpenlaan 8, 8434 MiddelkerkeRepair and maintenance of machinery

since 20092.182.852.762

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35022A0003/00G036	Flanders	615 m²	1 · 205 m²	5.9 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-16k

Net result drops to €-16k, the lowest in the series.

17-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-12

Financial Highest result since 2021net €24k ▲149%

Operating result €36k, net result €24k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

04-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 4 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

27-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 88 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

01-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General electrical installation work43211Repair and maintenance of electrical equipment33140Electrical installation work in industrial facilities43212Installation of electric heating, air conditioning, cooling and ventilation43222Other construction installation43240Specialised construction activities43299Wholesale of electrical household appliances and audio-video equipment46431

Names & trade names

Legal nameNL

VDB TECHNICS

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