Active BE 0784.897.373Private limited company

VDD Forwarding

Engelsenlaan 23 ·9600 Ronse, Belgium· 4 yrs active

Sector: Road freight transport (49410)

Conclusion Checked

The computed 12-month bankruptcy probability of VDD Forwarding is 2.6% (moderate). The 2025 annual accounts show equity of €562k and a net result of €321k. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 59 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€562k
Net result	€321k
Better than sector	60%
Active	4 yrs

Snowflake analysis 5 axes · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

Health 86

Profitability 100

Solvency 60

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.6% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2025 · computed

86 / 100 Excellent

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 16-02-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~43.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 49, Land transport · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.1%	18.5%	better than 60% of 59 sector peers
Net result	€321k	€26k	better than 95% of 59 sector peers
Equity	€562k	€123k	better than 76% of 59 sector peers
Gross operating margin	€415k	€337k	better than 56% of 59 sector peers
Total assets	€1.70M	€943k	better than 69% of 59 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€407k

+19.4% far above sector median

Net profit

€321k

+30.9% far above sector median

Cash flow

€367k

+38.6% far above sector median

Total assets

€1.70M

+33.0% far above sector median

Equity

€562k

+30.5% far above sector median

Working capital

€381k

-7.4% far above sector median

Income taxes

€37k

-51.1% far above sector median

Debt

€1.14M

+34.3% far above sector median

Debt ≤ 1y

€1.07M

+32.7% far above sector median

Debt > 1y

€68k

+64.7% 23-25

Current ratio

1.36

-10.2% -77% vs sector

Quick ratio

1.36

-10.2% -77% vs sector

Solvency

33.1%

-1.9% -60% vs sector

Debt / equity

2.02

+2.9% far above sector median

ROE

57.0%

+0.3% far above sector median

ROA

18.9%

-1.6% far above sector median

Interest coverage

137.46

-12.6% far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€407k
Net profit	€321k
Cash flow	€367k
Staff costs	-
Income taxes	€37k
Dividends	-
Total assets	€1.70M
Equity	€562k
Debt	€1.14M
of which ≤ 1y	€1.07M
of which > 1y	€68k
Working capital	€381k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.36
Quick ratio	1.36
Working capital ratio	22.4%
Solvency	33.1%
Debt / equity	2.02
Long-term debt ratio	0.12
Interest coverage	137.46
Gross margin	-
Net margin	-
ROA	18.9%
ROE	57.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €250k · 14.7% Current assets €1.45M · 85.3%

Equity & liabilities

Equity €562k · 33.1% Debt €1.14M · 66.9%

Full annual accounts

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.70M
Fixed assets	21/28	€250k
Tangible fixed assets	22/27	€250k
Current assets	29/58	€1.45M
Amounts receivable within one year	40/41	€831k
Investments	50/53	€0
Cash & bank	54/58	€616k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.70M
Equity	10/15	€562k
Contributions / capital	10/11	€25k
Reserves	13	€537k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€1.14M
Amounts payable after one year	17	€68k
Amounts payable within one year	42/48	€1.07M
Trade debts payable within one year	44	€800k
Income statement
Gross operating margin	9900	€415k
Operating result	9901	€360k
Financial income	75	€27
Financial charges	65	€3k
Result before taxes	9903	€357k
Income taxes	67/77	€37k
Net result for the period	9904	€321k
Result to be appropriated	9905	€321k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Road freight transport(49410)
Legal form	Private limited company(610)
Incorporation	15-04-2022
Status	Active
Postal code	9600

Establishment units 1 location

VDD Forwarding

Rue du Développement durable(L) 8, 7900 Leuze-en-HainautAlgemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)

since 20222.330.738.269

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57019B0061/00M000	Wallonia	2,870 m²	1 · 727 m²	-
45422D0716/00P007	Flanders	1,355 m²	1 · 455 m²	6.0 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

16-02-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

29-07-2025

State Gazette act Director changes

31-01-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

31-01-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

29-07-2025 1 director appointed, 1 resigning Director changes

Celine Lagrou, Bestuurder
Lagrou Celine, Bestuurder

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment46216Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment46216Logistieke diensten52250Overige vervoerondersteunende activiteiten52290

Primary activity highlighted.

Names & trade names

Legal nameNL

VDD Forwarding

Registered office

Engelsenlaan 23 bus 2

9600 Ronse, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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