VDDTECH
ActiveSummary
VDDTECH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €480,217 and a net result of €156,550. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 36% of 165 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-2
Solvency61=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.67 in 2023; short-term debt: 64.2% and cash: 16.4% of total assets), and 64.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
4 d early
2022
4 d late
2021
41 d early
2020
57 d early
2019
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#9 company by equity in Mont-Saint-Guibert, Manufacturing sector#10 company by total assets in Mont-Saint-Guibert, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€156,550▼ 13.8%
2023 · €181,550
Working capital
-€527,340▼ 80.1%
2023 · -€292,875
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€80,422▲ 43.5%-€71,265▲ 11.4%-€165,852▼ 133%€181,294€150,014▼ 17.3%
Net result-€80,477▲ 42.2%-€75,030▲ 6.8%-€171,586▼ 129%€181,550€156,550▼ 13.8%
Equity€872,300▲ 110%€723,068▼ 17.1%€446,934▼ 38.2%€498,367▲ 11.5%€480,217▼ 3.6%
Total assets€1.1m▲ 130%€955,404▼ 12.7%€929,604▼ 2.7%€1.4m▲ 49.4%€1.3m▼ 3.3%
Debt€222,012▲ 261%€232,336▲ 4.7%€482,670▲ 108%€890,319▲ 84.5%€862,285▼ 3.1%
Working capital€779,180▲ 190%€517,560▼ 33.6%-€7,031-€292,875▼ 4,065%-€527,340▼ 80.1%
Staff (FTE)2▲ 11.1%1.9▼ 5.0%1.1▼ 42.1%3.7▲ 236%3.7=
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.0m ▲ 27.3%
Current assets
€334,945 ▼ 43.9%
Equity and liabilities €1.3m
Equity
€480,217 ▼ 3.6%
Debt
€862,285 ▼ 3.1%
Debt's share of the balance-sheet total rises from 64.1% to 64.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€412,834▲
2023 · €365,083
Cash flow
€419,370▲
2023 · €365,340
Current ratio
0.39▼
2023 · 0.67
Debt to equity
1.80▲
2023 · 1.79
ROE
32.6%▼
2023 · 36.4%
ROA
11.7%▼
2023 · 13.1%
Interest coverage
231.47▲
2023 · 29.08
Debt ≤ 1 year
€862,285▼
2023 · €890,319
Income taxes
€335▲
2023 · -€6,253
Staff costs
€590,215▲
2023 · €517,215
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,000 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €150,002 | €125,203 | €517,215 | €590,215 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,627 | €78,262 | €118,254 | €183,790 | €262,820 | ▲ 43.0% |
| Other operating charges640/8 | - | €2,754 | €868 | €6,025 | €5,892 | ▼ 2.2% |
| Gross operating margin9900 | €140,423 | €159,753 | €78,474 | €888,324 | €1.0m | ▲ 13.6% |
| Operating profit (loss)9901 | -€80,422 | -€71,265 | -€165,852 | €181,294 | €150,014 | ▼ 17.3% |
| Financial income75/76B | - | €733 | €82 | €6,558 | €8,654 | ▲ 32.0% |
| Recurring financial income75 | €1,647 | €733 | €82 | €6,558 | €8,654 | ▲ 32.0% |
| Financial charges65/66B | - | €4,498 | €5,816 | €12,555 | €1,784 | ▼ 85.8% |
| Recurring financial charges65 | €1,702 | €4,498 | €5,816 | €12,555 | €1,784 | ▼ 85.8% |
| Profit (loss) for the period before taxes9903 | -€80,477 | -€75,030 | -€171,586 | €175,297 | €156,885 | ▼ 10.5% |
| Income taxes67/77 | - | - | - | -€6,253 | €335 | ▲ 105% |
| Profit (loss) for the period9904 | -€80,477 | -€75,030 | -€171,586 | €181,550 | €156,550 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | -€80,477 | -€75,030 | -€171,586 | €181,550 | €156,550 | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €955,404 | €929,604 | €1.4m | €1.3m | ▼ 3.3% |
| Fixed assets21/28 | €258,120 | €370,508 | €453,965 | €791,242 | €1.0m | ▲ 27.3% |
| Intangible fixed assets21 | €246,333 | €352,044 | €433,825 | €762,135 | €983,983 | ▲ 29.1% |
| Tangible fixed assets22/27 | €5,140 | €11,818 | €13,494 | €24,207 | €18,675 | ▼ 22.9% |
| Plant, machinery and equipment23 | - | €910 | €620 | €330 | €3,941 | ▲ 1,096% |
| Furniture and vehicles24 | - | €10,908 | €12,874 | €15,360 | €7,116 | ▼ 53.7% |
| Other tangible fixed assets26 | - | - | - | €8,517 | €7,618 | ▼ 10.6% |
| Financial fixed assets28 | €6,646 | €6,646 | €6,646 | €4,900 | €4,900 | = |
| Current assets29/58 | €836,191 | €584,896 | €475,639 | €597,444 | €334,945 | ▼ 43.9% |
| Amounts receivable within one year40/41 | €499,109 | €499,581 | €375,691 | €309,388 | €72,597 | ▼ 76.5% |
| Trade receivables40 | - | €1,150 | - | €95,763 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €498,431 | €375,691 | €213,625 | €72,597 | ▼ 66.0% |
| Cash at bank and in hand54/58 | €334,994 | €82,904 | €96,006 | €280,405 | €220,313 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | €2,411 | €3,941 | €7,650 | €42,036 | ▲ 449% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €955,404 | €929,604 | €1.4m | €1.3m | ▼ 3.3% |
| Equity10/15 | €872,300 | €723,068 | €446,934 | €498,367 | €480,217 | ▼ 3.6% |
| Contributions10/11 | - | €213,880 | €213,880 | €213,880 | €213,880 | = |
| Profit (loss) carried forward14 | -€227,486 | -€302,517 | -€474,102 | -€292,552 | -€136,002 | ▲ 53.5% |
| Investment grants15 | - | €811,704 | €707,156 | €577,040 | €402,339 | ▼ 30.3% |
| Amounts payable17/49 | €222,012 | €232,336 | €482,670 | €890,319 | €862,285 | ▼ 3.1% |
| Amounts payable after more than one year17 | €165,000 | €165,000 | - | - | - | - |
| Financial debts170/4 | - | €165,000 | - | - | - | - |
| Amounts payable within one year42/48 | €57,012 | €67,336 | €482,670 | €890,319 | €862,285 | ▼ 3.1% |
| Financial debts43 | - | - | €1 | - | - | - |
| Credit institutions430/8 | - | - | €1 | - | - | - |
| Trade debts44 | €1,914 | €12,544 | €20,999 | €55,020 | €22,860 | ▼ 58.5% |
| Suppliers440/4 | - | €12,544 | €20,999 | €55,020 | €22,860 | ▼ 58.5% |
| Taxes, remuneration and social security45 | - | €23,236 | €17,363 | €56,832 | €5,119 | ▼ 91.0% |
| Taxes450/3 | - | €3 | €101 | - | €413 | - |
| Remuneration and social security454/9 | - | €23,233 | €17,263 | €56,832 | €4,705 | ▼ 91.7% |
| Other amounts payable47/48 | - | €31,557 | €444,307 | €778,467 | €834,307 | ▲ 7.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,477 | -€75,030 | -€171,586 | €181,550 | €156,550 | ▼ 13.8% |
| + Depreciation and write-downs630 | €58,627 | €78,262 | €118,254 | €183,790 | €262,820 | ▲ 43.0% |
| Operating cash flow (approximation) | -€21,851 | €3,232 | -€53,331 | €365,340 | €419,370 | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | -€190,650 | -€201,711 | -€521,067 | -€479,135 | ▲ 8.0% |
| Change in cash | - | -€252,090 | €13,103 | €184,399 | -€60,093 | ▼ 133% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €181,550
Net result €181,550 after 5 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet -€171,586
Net result drops to -€171,586, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 14.67
Current ratio from 5.37 to 14.67; short-term debt falls from €61,577 to €57,012.
31-12
Financial
Equity above €500,000Eq €872,300 ▲110%
Equity rises from €414,857 to €872,300.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mont-Saint-Guibert · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Fond Cattelain 21435 Mont-Saint-Guibert1 establishment unit
VDDTECH
since 20172.265.117.175
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Of 248 companies in sector 26110 we hold annual accounts for 182. 107 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
71121Engineering and related technical consultancy, excluding land surveyors
33140Repair and maintenance of electrical equipment
46500Wholesale of information and communication equipment
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.