Financials
- Fiscal year
- 2025
- Total assets
- €265,592
- Profit
- €57,966
- Solvency
- 25.6%
Total assets▲ 47.8%
Net result
20202025
VDG-Heating
ActiveSummary
VDG-Heating has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,931 and a net result of €57,966. Equity is growing by ~47.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Activity not known1 site
How big
€265,592total assets 2025
- Equity
- €67,931
- Profit
- €57,966
Turnover not published (abridged schema)
Who decides
Accounts 30 d early0 of 2 deeds read
Why 90- Founded in 2020+ Size: total assets €265,592+ Liquidity: current ratio 1.22, cash €85,117+ No main activity registeredShow the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
51=
equity 25.6% of total assets
Liquidity
64-5
short-term debt 52.0% · cash 32.0%
Profitability
96+1
return on assets 21.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● 0.0% vs 11-2024
01-2025: 0.7%● 0.0% vs 12-2024
02-2025: 0.7%▲ +2.1% vs 01-2025
03-2025: 0.7%● 0.0% vs 02-2025
04-2025: 0.9%▲ +15.1% vs 03-2025
05-2025: 1.1%▲ +26.5% vs 04-2025
06-2025: 1.2%▲ +15.0% vs 05-2025
07-2025: 1.3%▲ +3.1% vs 06-2025highest value
08-2025: 0.4%▼ -67.2% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%▼ -6.4% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%▼ -1.3% vs 12-2025
02-2026: 0.4%▼ -0.8% vs 01-2026
03-2026: 0.4%▼ -1.0% vs 02-2026
04-2026: 0.4%▲ +6.6% vs 03-2026
05-2026: 0.4%▼ -9.4% vs 04-2026
06-2026: 0.4%▲ +7.6% vs 05-2026
07-2026: 0.4%▲ +1.5% vs 06-2026
08-2026: 0.2%▼ -46.3% vs 07-2026lowest value
09-2026: 0.2%● 0.0% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Size: total assets €265,592 lowers the probability for this profile
- Liquidity: current ratio 1.22, cash €85,117 lowers the probability
- No main activity registered lowers the probability
- Founded in 2020 raises the probability for this profile
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.13 in 2024; short-term debt: 52% and cash: 32% of total assets), and 74.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 31%, liquidity 61%, profitability 78%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
17 d early
2023
13 d early
2022
38 d early
2021
30 d early
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2020net €57,966 ▲55.9%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2021
- Next accounts
- by 31-07-2027
- 01-07-2026Annual accounts filed
- 31-12-2025Highest result since 2020
- 14-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 20-02-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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