Equity
€7.6m ▲ 25.4%
VDD PROJECT DEVELOPMENT has made a profit without a break since 2012.
VDD PROJECT DEVELOPMENT
Lifetime
15 annual accounts with figures on one time axispeak €1.1m (2022)
-not published
lowest -€16,496 (2011)
€1.5m▲ 965%
peak €7.6m (2025)
€7.6m▲ 25.4%
€69.2m▲ 9.1%
peak 4.2 FTE (2025)
4.2 FTE▲ 7.7%
Board3 names since 2020
1 directorJOMABRIFI
Owners4 names in the annual accounts
50.45%JOMABRIFI and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Turnover from €2.3m to €2.6mResult from €144,658 to €1.5mEquity from €6.1m to €7.6mInvestments €11.0mCash from €1.8m to €467,119
Key points
from the 2025 annual accountsResult
€1.5m ▲ 965%
The result rose in 2025 from €144,658 to €1.5m.
Debts
€69.2m 90% of the balance sheet
Financial debts 82%Suppliers 7%Taxes and wages 0%Other 11%
€24.9m of the debts are secured on the company's own assets. In 2021 that was €19.2m.
Payment terms
533 days to suppliers
VDD PROJECT DEVELOPMENT pays its suppliers 255 days later than in 2024. Customers pay 148 days later.
Filings
15 annual accounts since 2011
The last five annual accounts were filed 11 to 39 days before the end of the period.
At the same address
17 companies
Checked score
83
Excellent
Financially stronger than 42% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.4%▼ -0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026lowest value
08-2026: 0.4%● unchanged vs 07-2026lowest value
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.4%● unchanged vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €7.6m (9.9% of total assets)
Liquidity: current ratio 2.19, cash €467,119, halved
lowers risk
Size: turnover €2.6m, 4.2 FTE, total assets €76.8m
Figures for financial year 2025 (filed on 22-06-2026)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 31% of them on solvency, 43% on liquidity, 16% on profitability and 76% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.19 (1.77 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 0.6% of total assets. However, 90.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5810 sector peers (2025).
NBB · sector comparisonPosition among 5810 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
38 days early
2023
27 days early
2022
31 days early
2021
11 days early
2020
1 day early
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JOMABRIFI 50.45%equity €44.5m (2025) · 2025 annual accounts of JOMABRIFI
- TDV REAL ESTATE INVESTMENTS 49.55%equity €1.6m (2025) · 2025 annual accounts of TDV REAL ESTATE INVESTMENTS
Shares in 14 companies, including Huis van Hamme and SABLON
Board & ownershipRecent changes
Reappointment: CALLENS VANDELANOTTE NV (statutory auditor)
General meeting of 19-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826235310
1 statutory auditor appointed
CALLENS VANDELANOTTE (statutory auditor) · Permanent representatives: Jan Degryse, Thibaut De Vos and Johan Vandendriessche · General meeting of 07-03-2024 · Gazette deed
Change of role: TDV Real Estate Investments, from director to statutory director
Permanent representatives: DE VOS Thibaut Paul Paulette and VANDENDRIESSCHE Johan Didier Maurice · General meeting of 27-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VDD PROJECT DEVELOPMENT Bruges | €2.6m | -27.3% | 9.9% | 4.2 |
| SKYLINE EUROPE Auderghem | €5.6m | 1.2% | 64.7% | 4.8 |
| PUNCHCO Maldegem | €3.1m | 2.6% | 75.3% | 3.3 |
| URBICOON Woluwe-Saint-Pierre | €4.7m | -5.4% | 53.3% | 6.5 |
| PATRONALE REAL ESTATE Brussels | €4.3m | 26.6% | 11.6% | 2 |
| iret development Antwerp | €10.2m | -0.5% | -0.5% | 5.7 |
| IMRODER Sint-Martens-Latem | €6.2m | 20.0% | 53.0% | 7.6 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VDD PROJECT DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €37m and €104m, founded between 2007 and 2015.
Official details
Source: KBO- Status
- Active since 28-05-2010Normal situation
- Registered office
- 18 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.191.461.4148000 Bruges, since 28-05-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €76.8m▲ 10.6%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Companies linked to VDD PROJECT DEVELOPMENT
Subsidiaries and holdings
- VDD WK100%
- WEYLERKAZERNE100%
- Gesu50%
- Lindenlei50%
- PATRIBO50%
- Royal Botanic Construct50%
- THE DOME50%
- VDD LL50%
Insights on VDD PROJECT DEVELOPMENT
VDD PROJECT DEVELOPMENT has existed since 2010. In 2019 the gross margin rose from €6,739 to €127,131.
JOMABRIFI holds 50.45% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VDD PROJECT DEVELOPMENT
- What is the company number of VDD PROJECT DEVELOPMENT?
- The company number of VDD PROJECT DEVELOPMENT is 0826.235.310. The VAT number is the same number with BE in front: BE 0826.235.310.
- Where is VDD PROJECT DEVELOPMENT based?
- The registered office is at Sint-Jakobsstraat 70, 8000 Bruges.Company details
- What does VDD PROJECT DEVELOPMENT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of VDD PROJECT DEVELOPMENT?
- VDD PROJECT DEVELOPMENT is a private limited company (BV).
- When was VDD PROJECT DEVELOPMENT founded?
- VDD PROJECT DEVELOPMENT was founded on 28-05-2010.
- Is VDD PROJECT DEVELOPMENT still active?
- Yes, VDD PROJECT DEVELOPMENT is an active enterprise in the KBO register.
- How many employees does VDD PROJECT DEVELOPMENT have?
- VDD PROJECT DEVELOPMENT had an average of 4.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VDD PROJECT DEVELOPMENT fall under?
- In its 2023 annual accounts, VDD PROJECT DEVELOPMENT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VDD PROJECT DEVELOPMENT?
- The turnover of VDD PROJECT DEVELOPMENT was €2.6m in financial year 2025, according to the filed annual accounts.
- Is VDD PROJECT DEVELOPMENT profitable?
- In financial year 2025, VDD PROJECT DEVELOPMENT made a profit of €1.5m.
- Where can I find the annual accounts of VDD PROJECT DEVELOPMENT?
- VDD PROJECT DEVELOPMENT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VDD PROJECT DEVELOPMENT due?
- VDD PROJECT DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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