Active BE 0808.085.719Public limited company

VDD

Kerkplein 10 ·1850 Grimbergen, Belgium· 17 yrs active

Sector: Agents in non-specialised wholesale trade (46190)

Conclusion Checked

The KBO register records legal situation 012 for VDD (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €337k and a net result of €218k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€337k
Net result	€218k
Better than sector	83%
Active	17 yrs

Financial profile 5 of 5 axes measured · computed by Checked

59 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 22

Profitability 100

Solvency 100

Growth 32

Stability 40

Bankruptcy probability (12 mo) Checked model v1 · free

Dissolution or liquidation

The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.

Risk Assessment rule-based

0 / 100

High riskRegister: dissolution or liquidation

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 012 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: dissolution or liquidation

The KBO register records legal situation 012 for this company. This is today's state according to the register itself; the register carries no start date.

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

22 / 100 Critical

050100

Computed from 4 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

No credit

dissolution or liquidation in the KBO register

Score history

93 2021

93 2022

86 2023

80 2023

82 2024

82 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 5.02 (≥ 1.5) +10

Quick ratio Quick ratio 5.02 (≥ 1.0) +5

Leverage Debt/equity 0.27 (< 1.0) +10

Profitability ROE 65% (≥ 10%) +10

Profit trend Net profit down YoY -3

Dissolution or liquidation Dissolution or liquidation in the KBO legal situation -60

Computed by Checked from the NBB filing for FY 2025 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 10-02-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	78.9%	44.7%	better than 83% of 7728 sector peers
Net result	€218k	€31k	better than 83% of 7722 sector peers
Equity	€337k	€398k	better than 46% of 7736 sector peers
Gross operating margin	€322k	€211k	better than 60% of 7708 sector peers
Total assets	€427k	€1.07M	better than 25% of 7729 sector peers

EBITDA

€518k

+822.0% 21-25

Net profit

€218k

-13.9% 21-25

Cash flow

€480k

+656.1% 21-25

Total assets

€427k

+0.1% 21-25

Equity

€337k

-11.1% 21-25

Working capital

€342k

-10.7% 21-25

Income taxes

€104k

-6.5% 21-25

Debt

€90k

+89.1% 21-25

Debt ≤ 1y

€85k

+95.2% 21-25

Current ratio

5.02

-48.7% 21-25

Quick ratio

5.02

-48.7% 21-25

Solvency

78.9%

-11.2% 21-25

Debt / equity

0.27

+112.8% 21-25

ROE

64.7%

-3.2% 21-25

ROA

51.0%

-14.0% 21-25

Interest coverage

-171.82

- 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2023 Δ	2022 Δ
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	-	-	+822.0%	-92.6%	-
Net profit	-13.9%	-47.1%	+657.7%	-87.4%	-
Cash flow	-	-	+656.1%	-87.4%	-
Staff costs	-	-	-	-	-
Income taxes	-6.5%	-40.9%	+714.6%	-90.2%	-
Dividends	-	-	-	-	-
Total assets	+0.1%	-50.9%	-81.8%	+1.8%	-
Equity	-11.1%	-42.0%	-86.0%	+1.4%	-
Debt	+89.1%	-77.9%	+99.8%	+23.7%	-
of which ≤ 1y	+95.2%	-79.4%	+111.3%	+30.2%	-
of which > 1y	-	-	-	-	-
Working capital	-10.7%	-37.5%	-86.8%	+1.3%	-
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2023	2022
Current ratio	5.02	9.78	3.90	47.41	60.64
Quick ratio	5.02	9.78	3.90	47.41	60.64
Working capital ratio	80.1%	89.8%	70.5%	96.9%	97.4%
Solvency	78.9%	88.8%	75.2%	97.7%	98.1%
Debt / equity	0.27	0.13	0.33	0.02	0.02
Long-term debt ratio	-	-	-	-	-
Interest coverage	-	-	-171.82	854.53	9.50
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	51.0%	59.3%	55.0%	1.3%	10.7%
ROE	64.7%	66.8%	73.2%	1.3%	10.9%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Equity & liabilities

Equity €337k · 78.9% Debt €90k · 21.1%

Full annual accounts (22 line items)

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

Line item	Code	2025	2024	2023	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€427k	€427k	€870k	€4.79M	€4.70M
Fixed assets	21/28	-	€0	€45k	€47k	€48k
Tangible fixed assets	22/27	-	€0	€45k	€47k	€48k
Current assets	29/58	€427k	€427k	€824k	€4.74M	€4.66M
Amounts receivable within one year	40/41	€138k	€141k	€477k	€219k	€338k
Investments	50/53	-	-	€297k	€3.02M	€3.02M
Cash & bank	54/58	€284k	€283k	€47k	€1.50M	€1.30M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€427k	€427k	€870k	€4.79M	€4.70M
Equity	10/15	€337k	€379k	€654k	€4.68M	€4.62M
Contributions / capital	10/11	€994k	€994k	€994k	€994k	€994k
Reserves	13	€4.64M	€4.42M	€4.16M	€3.69M	€3.62M
Amounts payable	17/49	€90k	€48k	€216k	€108k	€87k
Amounts payable within one year	42/48	€85k	€44k	€211k	€100k	€77k
Trade debts payable within one year	44	€2k	€6k	€2k	€2k	€8k
Income statement
Gross operating margin	9900	€322k	€358k	€519k	€57k	€765k
Operating result	9901	€321k	€349k	€516k	€56k	€760k
Financial income	75	€2k	€15k	€148k	€31k	€59k
Financial charges	65	-	-	€-3k	€66	€80k
Result before taxes	9903	€322k	€365k	€667k	€86k	€739k
Income taxes	67/77	€104k	€112k	€189k	€23k	€236k
Net result for the period	9904	€218k	€253k	€478k	€63k	€502k
Result to be appropriated	9905	€218k	€253k	€478k	€63k	€502k

Legal Structure

NACE primary	Agents in non-specialised wholesale trade(46190)
Legal form	Public limited company(014)
Incorporation	25-11-2008
Status	Active
Postal code	1850

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23402E0356/00K000 ProtectedMonument · Townscape or village viewDorpskern GrimbergenSource ↗	Flanders	169 m²	1 · 169 m²	12.8 m · 3 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 10 events

All 12Financial 2Filings 10

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

2026

10-02

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

24-02

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Liquidity triplescurrent ratio 9.78

Current ratio from 3.90 to 9.78; short-term debt falls from €211k to €44k.

09-03

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

18-08

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

03-03

Financial Weakest financial yearnet €63k ▼87.4%

Net result drops to €63k, the lowest in the series; recovery starts the following year.

02-03

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

25-05

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

21-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

11-05

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

07-05

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

27-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

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

Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 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

Agents in non-specialised wholesale trade46190Other business support services82990

Names & trade names

Legal nameNL

VDD

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