VDD PROJECTS
ActiveSummary
VDD PROJECTS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€61) and a net result of €5,087. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 20% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-01-2022 Normal situation
- Activity
- Development of residential building projects NACE 68121and 2 others
- Establishment unit
- 2.330.557.038 9100 Sint-Niklaas, since 12-01-2022
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Vermeulen, Koenraad Sylvie JosephDirector · since 12-01-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €5,678
- Turnover
- ≈ €24,000
- estimated
- Profit
- €5,087
- Equity
- -€61
- ▲ 98.8%
- Total assets
- €233,931
- ▼ 64.4%
- Negative equity on 30-09-2025
Score breakdownraises riskCapped at 59: negative equity1 of the last 3 accounts lateLiquidity: current ratio 1.00, cash €7,022lowers riskSector: Real estate activities (NACE 68)Size: total assets €233,931Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 19% of them on solvency, 7% on liquidity, 38% on profitability and 91% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 15 days after 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-03-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a profit of €5,151, after a loss of €3,451 in 2024. It is the highest result since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €396 | €528 | ▲ 33.1% |
| Gross operating margin9900 | -€1,842 | -€2,471 | -€3,054 | €5,678 | - |
| Operating profit (loss)9901 | -€1,842 | -€2,818 | -€3,451 | €5,151 | - |
| Financial income75/76B | - | €58 | €0 | - | - |
| Recurring financial income75 | - | €58 | €0 | - | - |
| Financial charges65/66B | - | €36 | €59 | €64 | ▲ 8.6% |
| Recurring financial charges65 | - | €36 | €59 | €64 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€1,842 | -€2,796 | -€3,510 | €5,087 | - |
| Profit (loss) for the period9904 | -€1,842 | -€2,796 | -€3,510 | €5,087 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,842 | -€2,796 | -€3,510 | €5,087 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €4,808 | €152,325 | €656,825 | €233,931 | ▼ 64.4% |
| Current assets29/58 | €4,808 | €152,325 | €656,825 | €233,931 | ▼ 64.4% |
| Stocks and contracts in progress3 | - | €144,422 | €650,822 | €226,841 | ▼ 65.1% |
| Stocks30/36 | - | €144,422 | €650,822 | €226,841 | ▼ 65.1% |
| Amounts receivable within one year40/41 | €308 | €4,377 | €5,156 | €67 | ▼ 98.7% |
| Other amounts receivable41 | €308 | €4,377 | €5,156 | €67 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €4,500 | €3,525 | €847 | €7,022 | ▲ 729% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €4,808 | €152,325 | €656,825 | €233,931 | ▼ 64.4% |
| Equity10/15 | €1,158 | -€1,639 | -€5,148 | -€61 | ▲ 98.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€1,842 | -€4,639 | -€8,148 | -€3,061 | ▲ 62.4% |
| Amounts payable17/49 | €3,651 | €153,963 | €661,973 | €233,992 | ▼ 64.7% |
| Amounts payable within one year42/48 | €3,651 | €153,963 | €661,973 | €233,992 | ▼ 64.7% |
| Trade debts44 | €886 | €3,582 | €92 | €156 | ▲ 69.1% |
| Suppliers440/4 | €886 | €3,582 | €92 | €156 | ▲ 69.1% |
| Other amounts payable47/48 | €2,764 | €150,381 | €661,881 | €233,837 | ▼ 64.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,842 | -€2,796 | -€3,510 | €5,087 | - |
| Operating cash flow (approximation) | -€1,842 | -€2,796 | -€3,510 | €5,087 | - |
| Change in cash | - | -€975 | -€2,678 | €6,175 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 516 companies had the same profile as VDD PROJECTS has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VDD PROJECTS itself is lower: 0.7% within 12 months. It rests on far more data about VDD PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 516 companies, not a prediction for VDD PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- Vermeulen, Koenraad Sylvie Joseph 100 shares (100%) · in cash
Capital transactions
- 14-01-2022 Incorporation · €3,000 · 100 shares
Network & group
VDD PROJECTS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of VDD PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-01
Gazette deed
IncorporationStarting capital €3,000 · Appointment: Vermeulen, Koenraad Sylvie Joseph (director) · Permanent representative: Vermeulen, Koenraad Sylvie Joseph · Pre-incorporation commitments6 points ▸
- Pre-incorporation commitments, “takeover, rechten en verbintenissen uit rechtshandelingen in naam en voor rekening van vennootschap voor oprichting gesteld” (deed in Dutch)
- Incorporation, 10-01-2022
- Founder, Vermeulen, Koenraad Sylvie Joseph (partner)
- Founding capital, €3,000
- Director appointment, Vermeulen, Koenraad Sylvie Joseph (director (not named in the articles))
- Permanent representative, Vermeulen, Koenraad Sylvie Joseph
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0780.362.822
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46446B1148/00C000 | Flanders | 1,597 m² | 1 · 157 m² | 9.8 m · 2 |