VDC & Co

Active

Limited partnershipfounded 200323 yrs activePrinsenstraat 1, 3500 Hasselt, BelgiumKBO/BCE: BE 0860.587.859

VDC & Co has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €46k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 37960 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2024

95 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability99▲+12

Solvency77▲+21

Growth78=

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 2.5 against 1.26 in 2023; short-term debt: 26.1% and cash: 56.3% of total assets), and 47.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €98k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

23 d early

2023

5 d early

2022

6 d early

2021

30 d early

2020

40 d early

2019

on the day

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€98k▲ 87.0%

2023 · €53k

2018: €27k 2019: €35k 2020: €53k 2021: €24k 2022: €27k 2023: €53k

2018 → 2024

Total assets

€189k▲ 11.8%

2023 · €169k

2018: €284k 2019: €234k 2020: €204k 2021: €167k 2022: €152k 2023: €169k

2018 → 2024

Net result

€46k▲ 82.1%

2023 · €25k

2018: €16k 2019: €8k 2020: €19k 2021: €6k 2022: €3k 2023: €25k

2018 → 2024

Working capital

€74k▲ 414%

2023 · €14k

2018: €-48k 2019: €-19k 2020: €6k 2021: €-17k 2022: €-6k 2023: €14k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€53k-€24k▼ 54.3%€27k▲ 13.0%€53k▲ 91.5%€98k▲ 87.0%

Operating result€30k-€11k▼ 63.8%€10k▼ 8.3%€39k▲ 291%€68k▲ 75.4%

Net result€19k-€6k▼ 70.0%€3k▼ 43.1%€25k▲ 693%€46k▲ 82.1%

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

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 75% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €189k

34.9%

65.1%

Fixed assets €66k▼ 33.5%

Current assets €123k▲ 76.1%

Equity and liabilities €189k

52.1%

47.9%

Equity €98k▲ 87.0%

Debt €90k▼ 22.3%

The debt ratio falls from 68.8% to 47.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€100k▲

2023 · €71k

Cash flow

€78k▲

2023 · €58k

Solvency

52.1%▲

2023 · 31.2%

Current ratio

2.50▲

2023 · 1.26

Quick ratio

2.50▲

2023 · 1.26

Debt / equity

0.92▼

2023 · 2.21

ROE

46.5%▼

2023 · 47.8%

ROA

24.3%▲

2023 · 14.9%

Interest coverage

44.71▲

2023 · 25.22

Debt

€90k▼

2023 · €116k

Debt ≤ 1 year

€49k▼

2023 · €55k

Debt > 1 year

€41k▼

2023 · €61k

Income taxes

€20k▲

2023 · €11k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€169k€189k▲

Fixed assets21/28€99k€66k▼

Tangible fixed assets22/27€98k€66k▼

Land and buildings22€86k€60k▼

Plant, machinery and equipment23€4k€3k▼

Furniture and vehicles24€8k€3k▼

Financial fixed assets28€830-

Current assets29/58€70k€123k▲

Amounts receivable within one year40/41€32k€17k▼

Trade receivables40€32k€17k▼

Cash at bank and in hand54/58€35k€106k▲

Deferred charges and accrued income490/1€2k-

Equity and liabilities

Total equity and liabilities10/49€169k€189k▲

Equity10/15€53k€98k▲

Contributions10/11€1k€1k=

Reserves13€52k€97k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€49k€95k▲

Amounts payable17/49€116k€90k▼

Amounts payable after more than one year17€61k€41k▼

Financial debts170/4€61k€41k▼

Amounts payable within one year42/48€55k€49k▼

Current portion of amounts payable after more than one year42€19k€20k▲

Trade debts44€10k€3k▼

Suppliers440/4€10k€3k▼

Advances received on contracts in progress46€2k-

Taxes, remuneration and social security45€19k€20k▲

Taxes450/3€19k€20k▲

Other amounts payable47/48€7k€7k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€32k▼

Other operating charges640/8€7k€7k▲

Gross operating margin9900€78k€107k▲

Operating profit (loss)9901€39k€68k▲

Financial income75/76B€221-

Recurring financial income75€221-

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€36k€66k▲

Income taxes67/77€11k€20k▲

Profit (loss) for the period9904€25k€46k▲

Profit (loss) for the period to be appropriated9905€25k€46k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€46k▲

Profit (loss) brought forward from the previous period14P€-8k-

Transfer to equity691/2€17k€46k▲

To other reserves6921€17k€46k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

08-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2018net €46k ▲82.1%

Operating result €68k, net result €46k, both a record.

26-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

25-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €3k ▼43.1%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

01-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

21-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

24-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

07-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

26-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

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

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

17-04-2025 ROUKAERTS Ann: Resigned as Director

17-04-2025 VANDERCAPPELLEN Johan: Resigned as Manager

26-05-2021 VANDERCAPPELLEN - ROUKAERTS: Resigned as Director

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2003

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Prinsenstraat 13500 Hasselt

Ground area

318 m²

Building footprint