VDG TECHNICS
ActiveSummary
VDG TECHNICS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €8k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-21
Solvency61▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.54 in 2024; short-term debt: 50.4% and cash: 27.9% of total assets), and 63.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
36.1%
Return on assets
3%
Age of the figures
9 mo
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 19-02-2026, 162 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
162 d early
2024
6 d late
2023
41 d early
2022
47 d early
2021
61 d late
2020
20 d late
2019
25 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
Equity
€100k▼ 2.9%
2024 · €103k
Total assets
€277k▼ 10.8%
2024 · €310k
Net result
€8k▼ 86.1%
2024 · €60k
Working capital
€55k▼ 33.0%
2024 · €82k
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
Line20212022202320242025
Operating result€34k▼ 51.5%€15k▼ 57.2%€54k▲ 268%€80k▲ 48.6%€13k▼ 83.3%
Net result€24k▼ 51.9%€9k▼ 62.1%€41k▲ 346%€60k▲ 46.4%€8k▼ 86.1%
Equity€91k▲ 30.2%€100k▲ 10.0%€100k=€103k▲ 2.8%€100k▼ 2.9%
Total assets€154k▼ 1.8%€156k▲ 1.3%€205k▲ 31.0%€310k▲ 51.6%€277k▼ 10.8%
Debt€63k▼ 27.5%€56k▼ 11.3%€104k▲ 86.1%€207k▲ 98.4%€177k▼ 14.7%
Working capital€73k▲ 48.6%€83k▲ 13.8%€101k▲ 21.0%€82k▼ 18.5%€55k▼ 33.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€82k ▲ 9.4%
Current assets
€194k ▼ 17.2%
Equity and liabilities €277k
Equity
€100k ▼ 2.9%
Debt
€177k ▼ 14.7%
Debt's share of the balance-sheet total falls from 66.8% to 63.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €103k
Cash flow
€29k▼
2024 · €82k
Current ratio
1.39▼
2024 · 1.54
Debt to equity
1.77▼
2024 · 2.02
ROE
8.3%▼
2024 · 58.0%
ROA
3.0%▼
2024 · 19.2%
Interest coverage
26.33▼
2024 · 31.23
Debt ≤ 1 year
€139k▼
2024 · €153k
Debt > 1 year
€36k▼
2024 · €55k
Income taxes
€4k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €16k | €23k | €21k | ▼ 9.1% |
| Other operating charges640/8 | €1k | €909 | €986 | €6k | €1k | ▼ 78.2% |
| Gross operating margin9900 | €53k | €32k | €71k | €109k | €35k | ▼ 67.6% |
| Operating profit (loss)9901 | €34k | €15k | €54k | €80k | €13k | ▼ 83.3% |
| Financial charges65/66B | €714 | €528 | €346 | €3k | €1k | ▼ 60.8% |
| Recurring financial charges65 | €714 | €528 | €346 | €3k | €1k | ▼ 60.8% |
| Profit (loss) for the period before taxes9903 | €34k | €14k | €54k | €77k | €12k | ▼ 84.3% |
| Income taxes67/77 | €9k | €5k | €13k | €17k | €4k | ▼ 78.2% |
| Profit (loss) for the period9904 | €24k | €9k | €41k | €60k | €8k | ▼ 86.1% |
| Profit (loss) for the period to be appropriated9905 | €24k | €9k | €41k | €60k | €8k | ▼ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154k | €156k | €205k | €310k | €277k | ▼ 10.8% |
| Fixed assets21/28 | €39k | €22k | €7k | €75k | €82k | ▲ 9.4% |
| Tangible fixed assets22/27 | €39k | €22k | €7k | €75k | €62k | ▼ 17.2% |
| Furniture and vehicles24 | €38k | €22k | €7k | €74k | €62k | ▼ 16.4% |
| Leasing and similar rights25 | - | - | - | €759 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €478 | €265 | €53 | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €20k | ▲ 40,000% |
| Current assets29/58 | €115k | €134k | €198k | €235k | €194k | ▼ 17.2% |
| Amounts receivable within one year40/41 | €8k | €128k | €160k | €135k | €98k | ▼ 27.6% |
| Trade receivables40 | €8k | €21k | €40k | €12k | €20k | ▲ 63.5% |
| Other amounts receivable41 | - | €107k | €120k | €123k | €78k | ▼ 36.6% |
| Cash at bank and in hand54/58 | €105k | €2k | €34k | €95k | €77k | ▼ 18.3% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | €5k | €19k | ▲ 268% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154k | €156k | €205k | €310k | €277k | ▼ 10.8% |
| Equity10/15 | €91k | €100k | €100k | €103k | €100k | ▼ 2.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €85k | €94k | €94k | €94k | €94k | = |
| Distributable reserves133 | €85k | €94k | €94k | €94k | €94k | = |
| Profit (loss) carried forward14 | €201 | €236 | €254 | €3k | €34 | ▼ 98.9% |
| Amounts payable17/49 | €63k | €56k | €104k | €207k | €177k | ▼ 14.7% |
| Amounts payable after more than one year17 | €21k | €6k | - | €55k | €36k | ▼ 33.7% |
| Financial debts170/4 | €21k | €6k | - | €55k | €36k | ▼ 33.7% |
| Amounts payable within one year42/48 | €42k | €51k | €97k | €153k | €139k | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €6k | €18k | €17k | ▼ 4.6% |
| Trade debts44 | €5k | €3k | €3k | €6k | €5k | ▼ 21.6% |
| Suppliers440/4 | €5k | €3k | €3k | €6k | €5k | ▼ 21.6% |
| Taxes, remuneration and social security45 | €17k | €14k | €31k | €18k | €13k | ▼ 26.5% |
| Taxes450/3 | €13k | €14k | €29k | €16k | €9k | ▼ 44.8% |
| Remuneration and social security454/9 | €4k | - | €2k | €2k | €4k | ▲ 130% |
| Other amounts payable47/48 | €5k | €18k | €58k | €111k | €104k | ▼ 5.8% |
| Accrued charges and deferred income492/3 | €600 | - | €8k | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €9k | €41k | €60k | €8k | ▼ 86.1% |
| + Depreciation and write-downs630 | €17k | €17k | €16k | €23k | €21k | ▼ 9.1% |
| Operating cash flow (approximation) | €42k | €26k | €57k | €82k | €29k | ▼ 64.8% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-91k | €-28k | ▲ 69.4% |
| Change in cash | - | €-103k | €32k | €61k | €-17k | ▼ 128% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €8k ▼86.1%
Net result drops to €8k, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Highest result since 2019net €60k ▲46.4%
Operating result €80k, net result €60k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €100k ▲10%
4 profitable years in a row build equity to €100k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.96
Current ratio from 0.64 to 1.96; short-term debt falls from €58k to €51k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Braine-l'Alleud · 1 establishment unit since 2019
Ground area
558 m²
Building footprint
55 m²
Volume, LiDAR
443 m³
Parcel 25744P0832/00_000, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Papyrée 33, 1420 Braine-l'Alleud
since 20192.290.247.204
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744P0832/00_000 | Wallonia | 558 m² | 1 · 55 m² | 9.0 m · 3 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 5,608 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
Founded29-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
Contact
E-mail
vdgphil@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.