VDD
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
Equity
€336,851▼ 11.1%
2024 · €378,936
Total assets
€427,084▲ 0.1%
2024 · €426,647
Net result
€217,915▼ 13.9%
2024 · €253,202
Working capital
€341,940▼ 10.7%
2024 · €383,023
Trend over the years
2022 to 2025, 5 financial years 2018 to 2025, 9 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2025
Net result€0.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.4m
2025
Equity€0.3m
2025
Debt€0.09m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)51.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency78.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio5.02
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202320242025
Operating result€0.5m-€0.7m▲ 38.8%€0.7m▲ 0.4%€0.8m▲ 10.7%€0.8m▼ 8.1%€0.06m▼ 92.7%€0.5m-€0.3m▼ 32.4%€0.3m▼ 8.2%
Net result€0.2m-€0.5m▲ 133%€0.6m▲ 11.4%€0.6mabove the sector's middle half▼ 0.5%€0.5mabove the sector's middle half▼ 12.4%€0.06mwithin the sector's middle half▼ 87.4%€0.5mabove the sector's middle half-€0.3mabove the sector's middle half▼ 47.1%€0.2mabove the sector's middle half▼ 13.9%
Equity€2.4m-€3.0m▲ 21.2%€3.5m▲ 19.5%€4.1mabove the sector's middle half▲ 16.2%€4.6mabove the sector's middle half▲ 12.2%€4.7mabove the sector's middle half▲ 1.4%€0.7mwithin the sector's middle half-€0.4mwithin the sector's middle half▼ 42.0%€0.3mwithin the sector's middle half▼ 11.1%
Total assets€3.4m-€3.9m▲ 12.3%€3.6m▼ 6.9%€4.2mabove the sector's middle half▲ 16.1%€4.7mabove the sector's middle half▲ 13.0%€4.8mabove the sector's middle half▲ 1.8%€0.9mwithin the sector's middle half-€0.4mbelow the sector's middle half▼ 50.9%€0.4mwithin the sector's middle half▲ 0.1%
Debt€1.0m-€0.9m▼ 9.7%€0.05m▼ 94.9%€0.05m▲ 10.1%€0.09m▲ 75.6%€0.1m▲ 23.7%€0.2m-€0.05m▼ 77.9%€0.09m▲ 89.1%
Working capital€2.4m-€3.7m▲ 54.4%€3.5m▼ 5.7%€4.1mabove the sector's middle half▲ 16.4%€4.6mabove the sector's middle half▲ 12.5%€4.6mabove the sector's middle half▲ 1.3%€0.6mwithin the sector's middle half-€0.4mwithin the sector's middle half▼ 37.5%€0.3mwithin the sector's middle half▼ 10.7%
Solvency71.3%-77.0%▲ 5.6pp98.7%▲ 21.8pp98.8%above the sector's middle half▲ 0.1pp98.1%above the sector's middle half▼ 0.7pp97.7%above the sector's middle half▼ 0.4pp75.2%above the sector's middle half-88.8%above the sector's middle half▲ 13.6pp78.9%above the sector's middle half▼ 9.9pp
Current ratio3.46-41.20▲ 37.7489.26▲ 48.0695.21above the sector's middle half▲ 5.9560.64above the sector's middle half▼ 34.5747.41above the sector's middle half▼ 13.233.90above the sector's middle half-9.78above the sector's middle half▲ 5.885.02above the sector's middle half▼ 4.76
Return on assets (ROA)6.5%-13.4%▲ 7.0pp16.1%▲ 2.6pp13.8%above the sector's middle half▼ 2.3pp10.7%within the sector's middle half▼ 3.1pp1.3%within the sector's middle half▼ 9.4pp55.0%above the sector's middle half-59.3%above the sector's middle half▲ 4.4pp51.0%above the sector's middle half▼ 8.3pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Why a figure moved sharply
- 2023 Net result -87% on 2022. This financial year ran 2 months, the previous one 12.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €427,084
Equity
€336,851 ▼ 11.1%
Debt
€90,233 ▲ 89.1%
Debt's share of the balance-sheet total rises from 11.2% to 21.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.27▲
2024 · 0.13
ROE
64.7%▼
2024 · 66.8%
Debt ≤ 1 year
€85,143▲
2024 · €43,623
Income taxes
€104,337▼
2024 · €111,565
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €190,429 | €2,763 | €2,763 | €4,766 | €3,133 | €385 | €1,925 | - | - | - |
| Other operating charges640/8 | - | - | - | €3,177 | €2,197 | €366 | €1,016 | €8,646 | €1,084 | ▼ 87.5% |
| Gross operating margin9900 | €732,285 | €748,990 | €753,604 | €834,630 | €765,059 | €56,586 | €519,351 | €357,982 | €321,822 | ▼ 10.1% |
| Operating profit (loss)9901 | €536,106 | €744,284 | €747,117 | €826,687 | €759,729 | €55,834 | €516,410 | €349,335 | €320,738 | ▼ 8.2% |
| Financial income75/76B | - | - | - | €28,844 | €59,114 | €30,513 | €147,501 | €15,431 | €1,514 | ▼ 90.2% |
| Recurring financial income75 | €37,602 | €73,997 | €118,987 | €28,844 | €59,114 | €30,513 | €147,501 | €15,431 | €1,514 | ▼ 90.2% |
| Financial charges65/66B | - | - | - | €14,247 | €80,317 | €66 | -€3,017 | - | - | - |
| Recurring financial charges65 | €177,155 | - | €73,888 | €14,247 | €80,317 | €66 | -€3,017 | - | - | - |
| Profit (loss) for the period before taxes9903 | €396,552 | €818,281 | €792,216 | €841,284 | €738,526 | €86,282 | €666,928 | €364,767 | €322,253 | ▼ 11.7% |
| Income taxes67/77 | €174,755 | €300,653 | €215,555 | €267,505 | €236,092 | €23,158 | €188,647 | €111,565 | €104,337 | ▼ 6.5% |
| Profit (loss) for the period9904 | €221,797 | €517,628 | €576,661 | €573,779 | €502,434 | €63,124 | €478,281 | €253,202 | €217,915 | ▼ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €221,797 | €517,628 | €576,661 | €573,779 | €502,434 | €63,124 | €478,281 | €253,202 | €217,915 | ▼ 13.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €3.4m | €3.9m | €3.6m | €4.2m | €4.7m | €4.8m | €0.9m | €0.4m | €0.4m | ▲ 0.1% |
| Fixed assets21/28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0 | - | - |
| Tangible fixed assets22/27 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.005m | €0.002m | €0.002m | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0 | - | - |
| Current assets29/58 | €3.4m | €3.8m | €3.5m | €4.1m | €4.7m | €4.7m | €0.8m | €0.4m | €0.4m | ▲ 0.1% |
| Amounts receivable within one year40/41 | €0.3m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.5m | €0.1m | €0.1m | ▼ 2.3% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.03m | €0.3m | €0.1m | €0.1m | ▲ 9.4% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.03m | €0.02m | ▼ 38.7% |
| Current investments50/53 | €2.2m | €2.4m | €2.8m | €3.1m | €3.0m | €3.0m | €0.3m | - | - | - |
| Cash at bank and in hand54/58 | €0.9m | €1.2m | €0.5m | €0.7m | €1.3m | €1.5m | €0.05m | €0.3m | €0.3m | ▲ 0.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.002m | €0.001m | €0.003m | €0.003m | €0.005m | ▲ 60.0% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €3.4m | €3.9m | €3.6m | €4.2m | €4.7m | €4.8m | €0.9m | €0.4m | €0.4m | ▲ 0.1% |
| Equity10/15 | €2.4m | €3.0m | €3.5m | €4.1m | €4.6m | €4.7m | €0.7m | €0.4m | €0.3m | ▼ 11.1% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €1.5m | €2.0m | €2.5m | €3.1m | €3.6m | €3.7m | €4.2m | €4.4m | €4.6m | ▲ 4.9% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €3.0m | €3.5m | €3.6m | €4.1m | €4.3m | €4.5m | ▲ 5.0% |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | - | €4.5m | €5.0m | €5.3m | ▲ 5.2% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.05m | €0.05m | €0.09m | €0.1m | €0.2m | €0.05m | €0.09m | ▲ 89.1% |
| Amounts payable after more than one year17 | - | €0.8m | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €0.09m | €0.04m | €0.04m | €0.08m | €0.1m | €0.2m | €0.04m | €0.09m | ▲ 95.2% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - | - |
| Trade debts44 | €0.002m | €0.001m | €0.002m | €0.001m | €0.008m | €0.002m | €0.002m | €0.006m | €0.002m | ▼ 63.8% |
| Suppliers440/4 | - | - | - | €0.001m | €0.008m | €0.002m | €0.002m | €0.006m | €0.002m | ▼ 63.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.06m | €0.1m | €0.1m | €0.01m | €0.06m | ▲ 341% |
| Taxes450/3 | - | - | - | - | €0.06m | €0.1m | €0.1m | €0.01m | €0.06m | ▲ 341% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.01m | €16 | €0.1m | €0.02m | €0.02m | ▼ 21.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.01m | €0.008m | €0.005m | €0.004m | €0.005m | ▲ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,797 | €517,628 | €576,661 | €573,779 | €502,434 | €63,124 | €478,281 | €253,202 | €217,915 | ▼ 13.9% |
| + Depreciation and write-downs630 | €190,429 | €2,763 | €2,763 | €4,766 | €3,133 | €385 | €1,925 | - | - | - |
| Operating cash flow (approximation) | €412,226 | €520,390 | €579,423 | €578,545 | €505,567 | €63,509 | €480,206 | €253,202 | €217,915 | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | -€3,000 | €0 | -€6,930 | €0 | €0 | - | €45,243 | - | - |
| Change in cash | - | €324,261 | -€776,235 | €233,001 | €596,359 | €203,498 | - | €235,099 | €1,743 | ▼ 99.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-02-2026 | 2026-00036351 |
| 31-12-2024 | abbreviated format | 24-02-2025 | 2025-00038013 |
| 31-12-2023 | abbreviated format | 09-03-2024 | 2024-00041190 |
| 03-03-2023 | abbreviated format | 18-08-2023 | 2023-00333848 |
| 31-12-2022 | abbreviated format | 02-03-2023 | 2023-00034451 |
| 31-12-2021 | abbreviated format | 25-05-2022 | 2022-20034174 |
| 31-12-2020 | abbreviated format | 21-05-2021 | 2021-14800528 |
| 31-12-2019 | abbreviated format | 11-05-2020 | 2020-11800277 |
| 31-12-2018 | abbreviated format | 07-05-2019 | 2019-12400371 |
| 31-12-2017 | abbreviated format | 27-04-2018 | 2018-11200557 |
Similar companies · same sector, comparable size
MINX
BE 0464.282.679
Brasschaat · equity €336,954
VIDOCQ
BE 0879.052.404
Mechelen · equity €336,395
FWCM
BE 0895.709.183
Lendelede · equity €336,037
Okeyn
BE 0891.235.109
Braine-l'Alleud · equity €337,864
INN
BE 0894.126.796
Tournai · equity €335,808
Of the 5,993 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,553. 1,681 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.