VDFV
ActiveSummary
VDFV has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389k and a net result of €70k. Equity is growing by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+1
Solvency52▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.87 in 2024; short-term debt: 10.6% and cash: 7% of total assets), and 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.7%
Return on assets
4.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
22 d early
2023
37 d early
2022
22 d late
2021
23 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€106k
EBIT margin
95.5%
Net result
€70k▲ 20.6%
2024 · €58k
2018: €22k
2019: €-37k▼ -265% vs 2018lowest in 8 years
2020: €71k▲ +293% vs 2019highest in 8 years
2021: €69k▼ -2.8% vs 2020
2022: €64k▼ -8.1% vs 2021
2023: €33k▼ -47.6% vs 2022
2024: €58k▲ +74.7% vs 2023
2025: €70k▲ +20.6% vs 2024
2018 → 2025
Working capital
€-41k▼ 131%
2024 · €-18k
2018: €-98k
2019: €-218k▼ -123% vs 2018lowest in 8 years
2020: €-206k▲ +5.6% vs 2019
2021: €-147k▲ +28.6% vs 2020
2022: €-165k▼ -12.2% vs 2021
2023: €-209k▼ -26.9% vs 2022
2024: €-18k▲ +91.5% vs 2023highest in 8 years
2025: €-41k▼ -131% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€106k
Equity€163k-€227k▲ 39.0%€260k▲ 14.7%€319k▲ 22.4%€389k▲ 22.0%
2021: €163klowest in 5 years
2022: €227k▲ +39.0% vs 2021
2023: €260k▲ +14.7% vs 2022
2024: €319k▲ +22.4% vs 2023
2025: €389k▲ +22.0% vs 2024highest in 5 years
Operating result€111k-€101k▼ 9.0%€70k▼ 30.9%€100k▲ 43.2%€122k▲ 21.7%
2021: €111k
2022: €101k▼ -9.0% vs 2021
2023: €70k▼ -30.9% vs 2022lowest in 5 years
2024: €100k▲ +43.2% vs 2023
2025: €122k▲ +21.7% vs 2024highest in 5 years
Net result€69k-€64k▼ 8.1%€33k▼ 47.6%€58k▲ 74.7%€70k▲ 20.6%
2021: €69k
2022: €64k▼ -8.1% vs 2021
2023: €33k▼ -47.6% vs 2022lowest in 5 years
2024: €58k▲ +74.7% vs 2023
2025: €70k▲ +20.6% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.34M ▼ 3.3%
Current assets
€114k ▼ 4.0%
Equity and liabilities €1.46M
Equity
€389k ▲ 22.0%
Debt
€1.07M ▼ 10.1%
Debt's share of the balance-sheet total falls from 78.9% to 73.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€173k▲
2024 · €156k
Cash flow
€122k▲
2024 · €115k
Current ratio
0.73▼
2024 · 0.87
Debt to equity
2.75▼
2024 · 3.73
ROE
18.1%▼
2024 · 18.3%
ROA
4.8%▲
2024 · 3.9%
Interest coverage
6.17▼
2024 · 6.85
Debt ≤ 1 year
€155k▲
2024 · €136k
Debt > 1 year
€913k▼
2024 · €1.05M
Income taxes
€23k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.51M€1.46M▼
Fixed assets21/28€1.39M€1.34M▼
Tangible fixed assets22/27€1.39M€1.34M▼
Land and buildings22€1.35M€1.30M▼
Plant, machinery and equipment23€43k€41k▼
Current assets29/58€119k€114k▼
Amounts receivable within one year40/41€14k€7k▼
Trade receivables40€10k€6k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€100k€101k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.46M▼
Equity10/15€319k€389k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€298k€368k▲
Amounts payable17/49€1.19M€1.07M▼
Amounts payable after more than one year17€1.05M€913k▼
Financial debts170/4€1.03M€891k▼
Other amounts payable178/9€22k€22k=
Amounts payable within one year42/48€136k€155k▲
Current portion of amounts payable after more than one year42€109k€133k▲
Trade debts44€7k€1k▼
Suppliers440/4€7k€1k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Other amounts payable47/48€13k€13k=
Accrued charges and deferred income492/3-€137
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€51k▼
Other operating charges640/8€26k€25k▼
Gross operating margin9900€182k€198k▲
Operating profit (loss)9901€100k€122k▲
Financial income75/76B€523-
Recurring financial income75€523-
Financial charges65/66B€23k€28k▲
Recurring financial charges65€23k€28k▲
Profit (loss) for the period before taxes9903€78k€94k▲
Income taxes67/77€19k€23k▲
Profit (loss) for the period9904€58k€70k▲
Profit (loss) for the period to be appropriated9905€58k€70k▲
Appropriation of the result
Profit (loss) to be appropriated9906€298k€368k▲
Profit (loss) brought forward from the previous period14P€240k€298k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €106k | - | - | - | - |
| Non-recurring operating income76A | - | €123k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €63k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €44k | €123k | €56k | €51k | ▼ 8.9% |
| Other operating charges640/8 | €17k | €20k | €23k | €26k | €25k | ▼ 3.7% |
| Gross operating margin9900 | €171k | €166k | €216k | €182k | €198k | ▲ 8.7% |
| Operating profit (loss)9901 | €111k | €101k | €70k | €100k | €122k | ▲ 21.7% |
| Financial income75/76B | - | €88 | €347 | €523 | - | - |
| Recurring financial income75 | - | €88 | €347 | €523 | - | - |
| Financial charges65/66B | €19k | €18k | €26k | €23k | €28k | ▲ 22.9% |
| Recurring financial charges65 | €19k | €18k | €26k | €23k | €28k | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €92k | €83k | €44k | €78k | €94k | ▲ 20.6% |
| Income taxes67/77 | €23k | €20k | €11k | €19k | €23k | ▲ 20.6% |
| Profit (loss) for the period9904 | €69k | €64k | €33k | €58k | €70k | ▲ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €69k | €64k | €33k | €58k | €70k | ▲ 20.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.46M | €1.41M | €1.58M | €1.51M | €1.46M | ▼ 3.3% |
| Fixed assets21/28 | €1.31M | €1.28M | €1.45M | €1.39M | €1.34M | ▼ 3.3% |
| Tangible fixed assets22/27 | €1.31M | €1.28M | €1.45M | €1.39M | €1.34M | ▼ 3.3% |
| Land and buildings22 | €1.27M | €1.23M | €1.39M | €1.35M | €1.30M | ▼ 3.2% |
| Plant, machinery and equipment23 | €35k | €49k | €51k | €43k | €41k | ▼ 5.4% |
| Furniture and vehicles24 | €610 | €276 | - | - | - | - |
| Current assets29/58 | €151k | €124k | €138k | €119k | €114k | ▼ 4.0% |
| Amounts receivable within one year40/41 | €379 | €13k | €13k | €14k | €7k | ▼ 48.3% |
| Trade receivables40 | €379 | €13k | €9k | €10k | €6k | ▼ 43.1% |
| Other amounts receivable41 | - | - | €4k | €4k | €2k | ▼ 60.9% |
| Current investments50/53 | - | - | €20k | - | - | - |
| Cash at bank and in hand54/58 | €151k | €111k | €101k | €100k | €101k | ▲ 1.3% |
| Deferred charges and accrued income490/1 | - | - | €4k | €5k | €5k | ▲ 14.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.46M | €1.41M | €1.58M | €1.51M | €1.46M | ▼ 3.3% |
| Equity10/15 | €163k | €227k | €260k | €319k | €389k | ▲ 22.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €143k | €207k | €240k | €298k | €368k | ▲ 23.6% |
| Amounts payable17/49 | €1.30M | €1.18M | €1.32M | €1.19M | €1.07M | ▼ 10.1% |
| Amounts payable after more than one year17 | €998k | €891k | €976k | €1.05M | €913k | ▼ 13.2% |
| Financial debts170/4 | €985k | €881k | €954k | €1.03M | €891k | ▼ 13.5% |
| Other amounts payable178/9 | €13k | €10k | €22k | €22k | €22k | = |
| Amounts payable within one year42/48 | €298k | €288k | €347k | €136k | €155k | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | €119k | €120k | €128k | €109k | €133k | ▲ 22.7% |
| Trade debts44 | €3k | €635 | €21k | €7k | €1k | ▼ 81.6% |
| Suppliers440/4 | €3k | €635 | €21k | €7k | €1k | ▼ 81.6% |
| Advances received on contracts in progress46 | €4k | €4k | - | - | - | - |
| Taxes, remuneration and social security45 | €22k | €14k | €4k | €8k | €7k | ▼ 8.5% |
| Taxes450/3 | €22k | €14k | €4k | €8k | €7k | ▼ 8.5% |
| Other amounts payable47/48 | €150k | €150k | €193k | €13k | €13k | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €137 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69k | €64k | €33k | €58k | €70k | ▲ 20.6% |
| + Depreciation and write-downs630 | €43k | €44k | €123k | €56k | €51k | ▼ 8.9% |
| Operating cash flow (approximation) | €112k | €108k | €156k | €115k | €122k | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €-19k | €-285k | €0 | €-6k | - |
| Change in cash | - | €-40k | €-10k | €-743 | €1k | ▲ 268% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €200kEq €227k ▲39%
3 profitable years in a row build equity to €227k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Equity above €150kEq €163k ▲73.6%
2 profitable years in a row build equity to €163k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Ouffet · 1 establishment unit since 2013
Ground area
4,664 m²
Building footprint
646 m²
Volume, LiDAR
4,471 m³
Parcel 61048I0061/00P000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VDFV
since 20132.225.977.180
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61048I0061/00P000 | Wallonia | 4,664 m² | 1 · 646 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
IMMO GUYFER
BE 0438.047.347
Mons · Eq €389,021
SAVIMO
BE 0415.913.531
Antwerpen · Eq €388,429
BEJUGU
BE 0838.892.028
Tongeren-Borgloon · Eq €389,226
Rootputte
BE 0697.713.674
Merelbeke-Melle · Eq €388,205
SAG IMMO
BE 0659.955.930
Ieper · Eq €389,378
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,422 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
Founded08-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
85599Other education
96999Other personal services
Scores and ratios are computed by Checked and are not a credit decision.