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VDC & BO

Active
Private limited companyfounded 2009active for 17 yearsGroteweg(Ove) 475/A, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0818.140.659
Summary

The computed 12-month bankruptcy probability of VDC & BO is 5.2% (elevated). The 2024 annual accounts show equity of €163,552 and a net result of -€118,972. Equity is shrinking by about 33% per year across the filed financial years. Its solvency ranks better than 9% of 6,064 sector peers (NACE 46, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
VDC & BOActiveChecked score 34/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46350
6th largest employer in Geraardsbergen, Wholesale and retail trade sector2 sites
Size
€118.6mturnover 2024
Staff
30.1 FTE
Equity
€163,552
Loss
-€118,972
Financial health
34 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.2%
Structure
Parent
Dest Invest BV
2025 accounts not filed, 89 days past the deadline1 of 6 deeds summarised
Why 34raises riskFigures for financial year 2024 (filed 20-08-2025)Liquidity: current ratio 1.03, cash €28,365, halvedEquity €163,552 (1.6% of total assets)lowers riskFounded in 2009Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 8% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 27-1
equity 1.6% of total assets
Liquidity 1-4
short-term debt 89.1% · cash 0.3%
Profitability 25+3
return on assets -1.2%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: 1.8% 12-2024: 1.7%▼ -0.1 percentage points vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.7%● unchanged vs 02-2025lowest value 04-2025: 1.7%● unchanged vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 2.1%▲ +0.4 percentage points vs 06-2025 08-2025: 2.7%▲ +0.6 percentage points vs 07-2025 09-2025: 1.9%▼ -0.8 percentage points vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.8%▼ -0.1 percentage points vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.9%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▲ +1.1 percentage points vs 07-2026 09-2026: 3.5%▲ +0.5 percentage points vs 08-2026 10-2026: 5.2%▲ +1.7 percentage points vs 09-2026highest value
Credit of up to €5,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.03, compared with 1.07 in 2023, below the usual 1.5; short-term debt: 89.1% and cash: 0.3% of total assets), and 98.4% of the assets are financed with debt and provisions.
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, small): better than 6% on solvency, 2% on liquidity, 15% on profitability and 9% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

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Signals

Eight signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 20-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.03, cash €28,365, halved
NBB · annual accounts
raises risk · Equity €163,552 (1.6% of total assets)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€118,972
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 6064 sector peers (2024).
NBB · sector comparison
Position among 6064 sector peers
Solvency
better than 9%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 19 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
19 days late
2023
6 days early
2022
137 days late
2021
31 days late
2020
31 days late
2019
21 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 39 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Annual accounts filedfinancial year 2023 · full…
  3. Annual accounts filedfinancial year 2022 · full…

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2024 -€118,972 View
  • Caution: Among the weakest 10% on solvencysector median 41.9% · 6,064 companies 1.6% View
  • Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
  • Caution: Equity fell in 2024from €282,525 to €163,552 ▼ 42.1% View
  • Controlled by Dest Invest BV parent View

By topic

Financials

Financial year
2024
Turnover
€118.6m
Loss
-€118,972
Solvency
1.6%
Turnover▼ 15.0%
Net result
20182024
Go to Financials

Board & ownership

Board
2 members
Parent
Dest Invest BV
  • DE PAEPE Gerard Roger HenriDirector
  • STEVENS Tania Anna EmilienneDirector
Go to Board & ownership

Timeline

Events
18
Since
2011
  1. 14-12-2023Resignations: DE PAEPE Gerard Roger Henri (director)…
  2. 31-12-2022Weakest financial year
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Wholesale tradeNACE 46350
Founded
31-08-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Annual meeting
First Friday of June at 19:00
Purpose
“Groothandel in alle soorten tabakproducten en producten en voorwerpen die daarmee verband…” (deed in Dutch)
Go to Articles of association

Key facts about VDC & BO

What is the company number of VDC & BO?
0818.140.659. In Belgium the VAT number is the company number with BE in front: BE 0818.140.659.
Where is VDC & BO based?
The registered office is at Groteweg(Ove) 475/A, 9500 Geraardsbergen.Company details
What does VDC & BO do?
According to the KBO register, the main activity is wholesale trade (NACE 46350).
What is the legal form of VDC & BO?
Private limited company (BV).
When was VDC & BO founded?
On 31-08-2009.
Is VDC & BO still active?
Yes, VDC & BO is an active enterprise in the KBO register.
How many employees does VDC & BO have?
On average 30.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of VDC & BO?
€118.6m in financial year 2024, according to the filed annual accounts.
Is VDC & BO profitable?
In financial year 2024, VDC & BO made a loss of €118,972.
Where can I find the annual accounts of VDC & BO?
VDC & BO filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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