VDBK
ActiveSummary
VDBK has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-235k) and a net result of €111k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-46
Solvency19▲+5
Growth85=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.1 in 2024; short-term debt: 84.7% and cash: 56.6% of total assets), and equity is negative.
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Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-5.5%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4178 sector peers (2025).
NBB · sector comparisonPosition among 4178 sector peers
Solvency
better than 10%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
44 d early
2023
29 d early
2022
42 d early
2021
32 d early
2020
33 d early
2019
44 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
€3.86M▲ 28.2%
2023 · €3.01M
EBIT margin
18.9%▲ 9.1pp
2023 · 9.8%
Net result
€111k▼ 83.5%
2024 · €670k
Working capital
€654k▲ 122%
2024 · €294k
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
Turnover€1.95M▲ 73.7%€2.51M▲ 29.0%€3.01M▲ 20.0%€3.86M▲ 28.2%
Operating result€64k▼ 19.3%€66k▲ 2.8%€295k▲ 345%€730k▲ 148%€289k▼ 60.4%
Net result€53k▼ 16.7%€36k▼ 32.3%€226k▲ 532%€670k▲ 196%€111k▼ 83.5%
EBIT margin3.3%▼ 3.8pp2.6%▼ 0.7pp9.8%▲ 7.1pp18.9%▲ 9.1pp
Equity€-1.28M▲ 4.0%€-1.24M▲ 2.8%€-1.02M▲ 18.2%€-346k▲ 66.0%€-235k▲ 32.0%
Total assets€1.47M▲ 74.4%€2.06M▲ 40.3%€2.35M▲ 13.9%€3.20M▲ 36.4%€4.26M▲ 33.0%
Debt€2.75M▲ 26.4%€3.30M▲ 20.3%€3.36M▲ 1.8%€3.55M▲ 5.5%€4.41M▲ 24.2%
Working capital€-1.23M▲ 8.1%€-809k▲ 34.4%€-564k▲ 30.3%€294k€654k▲ 122%
Staff (FTE)6▲ 42.9%5.7▼ 5.0%5.3▼ 7.0%5.7▲ 7.5%9.3▲ 63.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Key figures and ratios
Solvency
-5.5%▲
2024 · -10.8%
Current ratio
1.18▲
2024 · 1.10
Debt to equity
-18.76▼
2024 · -10.27
ROA
2.6%▼
2024 · 20.9%
Debt ≤ 1 year
€3.61M▲
2024 · €2.91M
Income taxes
€142k▲
2024 · €2k
Staff costs
€1.07M▲
2024 · €554k
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.43M | €4.23M | €5.54M | €6.65M | - | - |
| Turnover70 | €1.95M | €2.51M | €3.01M | €3.86M | - | - |
| Other operating income74 | €1.48M | €1.72M | €2.43M | €2.78M | - | - |
| Non-recurring operating income76A | - | - | €98k | €6k | €0 | ▼ 100% |
| Operating charges60/66A | €3.36M | €4.16M | €5.25M | €5.92M | - | - |
| Goods for resale, raw materials and consumables60 | €26k | €48k | €49k | €160k | - | - |
| Purchases600/8 | €26k | €48k | €49k | €160k | - | - |
| Services and other goods61 | €2.70M | €3.52M | €4.59M | €5.26M | - | - |
| Remuneration, social security and pensions62 | €607k | €533k | €500k | €554k | €1.07M | ▲ 93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €0 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €17k | €58k | €100k | €-48k | €364k | ▲ 859% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €87k | - |
| Other operating charges640/8 | €349 | €869 | €960 | €4 | €6 | ▲ 44.8% |
| Non-recurring operating charges66A | €0 | €2k | €0 | €1 | €16 | ▲ 1,991% |
| Gross operating margin9900 | - | - | - | - | €1.81M | - |
| Operating profit (loss)9901 | €64k | €66k | €295k | €730k | €289k | ▼ 60.4% |
| Financial income75/76B | - | - | €529 | €10k | €10k | ▼ 1.3% |
| Recurring financial income75 | - | - | €529 | €10k | €10k | ▼ 1.3% |
| Income from current assets751 | - | - | - | €10k | - | - |
| Other financial income752/9 | - | - | €529 | €246 | - | - |
| Financial charges65/66B | €10k | €30k | €68k | €69k | €47k | ▼ 31.9% |
| Recurring financial charges65 | €10k | €30k | €68k | €69k | €47k | ▼ 31.9% |
| Debt charges650 | €4k | €24k | €62k | €64k | - | - |
| Other financial charges652/9 | €6k | €6k | €6k | €5k | - | - |
| Profit (loss) for the period before taxes9903 | €54k | €36k | €228k | €671k | €252k | ▼ 62.4% |
| Income taxes67/77 | €2k | €570 | €1k | €2k | €142k | ▲ 8,278% |
| Taxes670/3 | €2k | €570 | €1k | €2k | - | - |
| Profit (loss) for the period9904 | €53k | €36k | €226k | €670k | €111k | ▼ 83.5% |
| Profit (loss) for the period to be appropriated9905 | €53k | €36k | €226k | €670k | €111k | ▼ 83.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.47M | €2.06M | €2.35M | €3.20M | €4.26M | ▲ 33.0% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Current assets29/58 | €1.47M | €2.06M | €2.35M | €3.20M | €4.26M | ▲ 33.0% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €833k | €981k | €1.01M | €1.17M | €1.80M | ▲ 53.0% |
| Trade receivables40 | €823k | €930k | €898k | €1.07M | €1.48M | ▲ 39.0% |
| Other amounts receivable41 | €10k | €51k | €117k | €107k | €313k | ▲ 192% |
| Current investments50/53 | - | - | - | €1.60M | €0 | ▼ 100% |
| Other investments51/53 | - | - | - | €1.60M | - | - |
| Cash at bank and in hand54/58 | €620k | €1.05M | €1.30M | €415k | €2.41M | ▲ 481% |
| Deferred charges and accrued income490/1 | €16k | €27k | €36k | €14k | €53k | ▲ 276% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.47M | €2.06M | €2.35M | €3.20M | €4.26M | ▲ 33.0% |
| Equity10/15 | €-1.28M | €-1.24M | €-1.02M | €-346k | €-235k | ▲ 32.0% |
| Contributions10/11 | €200k | €200k | €200k | €200k | €200k | = |
| Capital10 | €200k | €200k | €200k | €200k | €200k | = |
| Issued capital100 | €200k | €200k | €200k | €200k | €200k | = |
| Profit (loss) carried forward14 | €-1.48M | €-1.44M | €-1.22M | €-546k | €-435k | ▲ 20.3% |
| Provisions and deferred taxes16 | - | - | - | - | €87k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €87k | - |
| Other liabilities and charges164/5 | - | - | - | - | €87k | - |
| Amounts payable17/49 | €2.75M | €3.30M | €3.36M | €3.55M | €4.41M | ▲ 24.2% |
| Amounts payable within one year42/48 | €2.70M | €2.87M | €2.91M | €2.91M | €3.61M | ▲ 24.0% |
| Trade debts44 | €1.15M | €1.37M | €1.43M | €1.41M | €2.06M | ▲ 45.8% |
| Suppliers440/4 | €1.15M | €1.37M | €1.43M | €1.41M | €2.06M | ▲ 45.8% |
| Taxes, remuneration and social security45 | €148k | €97k | €84k | €96k | €347k | ▲ 262% |
| Taxes450/3 | €25k | €1k | €18k | €5k | €173k | ▲ 3,386% |
| Remuneration and social security454/9 | €123k | €96k | €66k | €91k | €174k | ▲ 91.6% |
| Other amounts payable47/48 | €1.40M | €1.40M | €1.40M | €1.40M | €1.20M | ▼ 14.3% |
| Accrued charges and deferred income492/3 | €44k | €432k | €451k | €640k | €801k | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €36k | €226k | €670k | €111k | ▼ 83.5% |
| + Depreciation and write-downs630 | €12k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €65k | €36k | €226k | €670k | €111k | ▼ 83.5% |
| Change in cash | - | €435k | €244k | €-883k | €2.00M | ▲ 326% |
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
29-07
State Gazette act
Reappointment: Cédric Hélias (director)Appointment: EY Réviseurs d'Entreprises SRL (statutory auditor)5 facts ▸
State Gazette act
Reappointment: Cédric Hélias (director)
Appointment: EY Réviseurs d'Entreprises SRL (statutory auditor)5 facts ▸
- General meeting, 09/06/2026
- Board meeting, 09/06/2026
- Director reappointment, Cédric Hélias (director)
- Auditor appointment, EY Réviseurs d'Entreprises SRL (statutory auditor)
- Director reappointment, Cédric Hélias (managing director)
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €670k ▲196%
Operating result €730k, net result €670k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €63k
Net result €63k after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Cédric Hélias
CurrentDirector · since 09-06-2026
09-06-2026
Mandate renewed as Director
09-06-2026
Mandate renewed as Managing director
Not every act has been read: a resignation may be missing here
16 of this company's 17 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2015
Ground area
3.8 ha
Building footprint
1,578 m²
Volume, LiDAR
29,040 m³
Parcel 21306C0030/00V000, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
107
companies at this address
See who is registered here
1 establishment unit
VDBK
since 20152.246.940.365
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 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.
Statutory auditor
1 auditor| EY Réviseurs d'Entreprises SRLCurrent Statutory auditor · represented by Thomas Meurice | 29-07-2026 → present |
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,718. 684 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
77223Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.