Checked.be
Active
BE 0836.548.289Private limited company
VDE
Molenwijk 37 ·2260 Westerlo, Belgium· 15 yrs active
Sector: Agents in non-specialised wholesale trade
(46190)
Conclusion
VDE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €320k and a net result of €52k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 3381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €320k |
| Net result | €52k |
| Better than sector | 95% |
| Active | 15 yrs |
Financial profile
87
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
82
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
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
100
/ 100
Excellent
Computed from 5 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
€30k
estimate, not credit advice
Score history
93
2022
86
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 13.42 (≥ 1.5)
+10
Quick ratio
Quick ratio 13.42 (≥ 1.0)
+5
Leverage
Debt/equity 0.08 (< 1.0)
+10
Profitability
ROE 16% (≥ 10%)
+10
Interest coverage
Interest coverage 113.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.3%/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 2024 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 92.8% | 25.2% | |
| Net result | €52k | €4k | |
| Equity | €320k | €22k | |
| Gross operating margin | €75k | €19k | |
| Total assets | €345k | €105k |
€74k
+206.2%
22-24
€52k
+290.3%
22-24
€57k
+228.8%
22-24
€345k
+22.6%
22-24
€320k
+19.6%
22-24
€307k
+21.1%
22-24
€22k
+232.8%
22-24
€25k
+82.5%
22-24
€25k
+82.0%
22-24
13.42
-31.8%
22-24
13.42
-31.8%
22-24
92.8%
-2.5%
22-24
0.08
+52.6%
22-24
16.4%
+226.3%
22-24
15.2%
+218.2%
22-24
113.53
+232.3%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €74k | €24k | €89k |
| Net profit | €52k | €13k | €63k |
| Cash flow | €57k | €17k | €66k |
| Staff costs | - | - | - |
| Income taxes | €22k | €7k | €23k |
| Dividends | - | - | - |
| Total assets | €345k | €281k | €298k |
| Equity | €320k | €268k | €254k |
| Debt | €25k | €14k | €44k |
| of which ≤ 1y | €25k | €14k | €44k |
| of which > 1y | - | - | - |
| Working capital | €307k | €254k | €237k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 13.42 | 19.67 | 6.42 |
| Quick ratio | 13.42 | 19.67 | 6.42 |
| Working capital ratio | 89.1% | 90.2% | 79.4% |
| Solvency | 92.8% | 95.2% | 85.3% |
| Debt / equity | 0.08 | 0.05 | 0.17 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 113.53 | 34.17 | 103.63 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 15.2% | 4.8% | 21.1% |
| ROE | 16.4% | 5.0% | 24.8% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €345k | €281k | €298k |
| Fixed assets | 21/28 | €13k | €14k | €18k |
| Tangible fixed assets | 22/27 | €13k | €14k | €18k |
| Current assets | 29/58 | €332k | €267k | €280k |
| Amounts receivable within one year | 40/41 | €17k | €18k | €2k |
| Investments | 50/53 | €201k | €190k | €35k |
| Cash & bank | 54/58 | €114k | €60k | €243k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €345k | €281k | €298k |
| Equity | 10/15 | €320k | €268k | €254k |
| Contributions / capital | 10/11 | €1k | €1k | €1k |
| Reserves | 13 | €319k | €267k | €253k |
| Amounts payable | 17/49 | €25k | €14k | €44k |
| Amounts payable within one year | 42/48 | €25k | €14k | €44k |
| Trade debts payable within one year | 44 | - | €1k | €8k |
| Income statement | ||||
| Gross operating margin | 9900 | €75k | €25k | €89k |
| Operating result | 9901 | €70k | €21k | €86k |
| Financial income | 75 | €5k | €191 | €1k |
| Financial charges | 65 | €656 | €711 | €856 |
| Result before taxes | 9903 | €74k | €20k | €86k |
| Income taxes | 67/77 | €22k | €7k | €23k |
| Net result for the period | 9904 | €52k | €13k | €63k |
| Result to be appropriated | 9905 | €52k | €13k | €63k |
Legal Structure
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 16-05-2011 |
| Status | Active |
| Postal code | 2260 |
Establishment units
Molenwijk 37, 2260 Westerlo
since 20112.199.473.119
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13039E0320/00R000 | Flanders | 545 m² | 1 · 115 m² | 6.9 m · 2 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.
Updates
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €13k ▼78.7%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 19.67
Current ratio from 6.42 to 19.67; short-term debt falls from €44k to €14k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 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
Company registry (CBE)
Activities
Agents in non-specialised wholesale trade46190
Names & trade names
| Legal nameNL | VDE |
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