VDH
ActiveVDH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275k and a net result of €72k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+4
Solvency95▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 3.55 in 2024; short-term debt: 27.9% and cash: 82.8% of total assets), and 30% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
70%
Return on assets
18.4%
Age of the figures
9 mo
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
12 d early
2022
7 d early
2021
10 d early
2020
10 d early
2019
7 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€148k
EBIT margin
45.7%
Net result
€72k▲ 30.9%
2024 · €55k
2018: €42k
2019: €60k
2020: €48k
2021: €46k
2022: €29k
2023: €75k
2024: €55k
2018 → 2025
Working capital
€260k▲ 7.9%
2024 · €241k
2018: €49k
2019: €133k
2020: €176k
2021: €225k
2022: €251k
2023: €302k
2024: €241k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€148k-
Equity€196k-€223k▲ 13.8%€296k▲ 32.7%€251k▼ 15.4%€275k▲ 9.5%
Operating result€68k-€51k▼ 24.8%€118k▲ 132%€89k▼ 24.8%€117k▲ 31.6%
Net result€46k-€29k▼ 36.9%€75k▲ 159%€55k▼ 25.9%€72k▲ 30.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392k
Fixed assets
€23k▼ 24.7%
Current assets
€369k▲ 10.1%
Equity and liabilities €392k
Equity
€275k▲ 9.5%
Debt
€118k▲ 2.1%
The debt ratio falls from 31.5% to 30.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€125k▲
2024 · €95k
Cash flow
€81k▲
2024 · €62k
Solvency
70.0%▲
2024 · 68.5%
Current ratio
3.37▼
2024 · 3.55
Quick ratio
3.37▼
2024 · 3.55
Debt / equity
0.43▼
2024 · 0.46
ROE
26.3%▲
2024 · 22.1%
ROA
18.4%▲
2024 · 15.1%
Interest coverage
1686.35▼
2024 · 1997.02
Debt
€118k▲
2024 · €115k
Debt ≤ 1 year
€109k▲
2024 · €94k
Income taxes
€44k▲
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€366k€392k▲
Fixed assets21/28€31k€23k▼
Tangible fixed assets22/27€31k€23k▼
Furniture and vehicles24€31k€23k▼
Current assets29/58€335k€369k▲
Amounts receivable within one year40/41€16k€43k▲
Trade receivables40€3k€18k▲
Other amounts receivable41€12k€25k▲
Cash at bank and in hand54/58€319k€325k▲
Deferred charges and accrued income490/1€653€943▲
Equity and liabilities
Total equity and liabilities10/49€366k€392k▲
Equity10/15€251k€275k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€244k€268k▲
Distributable reserves133€244k€268k▲
Amounts payable17/49€115k€118k▲
Amounts payable within one year42/48€94k€109k▲
Trade debts44€335€335=
Suppliers440/4€335€335=
Advances received on contracts in progress46-€16k
Taxes, remuneration and social security45€19k€27k▲
Taxes450/3€19k€27k▲
Other amounts payable47/48€76k€66k▼
Accrued charges and deferred income492/3€21k€8k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€8k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€97k€126k▲
Operating profit (loss)9901€89k€117k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€48€74▲
Recurring financial charges65€48€74▲
Profit (loss) for the period before taxes9903€89k€117k▲
Income taxes67/77€33k€44k▲
Profit (loss) for the period9904€55k€72k▲
Profit (loss) for the period to be appropriated9905€55k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€72k▲
Transfer from equity791/2€99k€47k▼
Transfer to equity691/2€54k€71k▲
To other reserves6921€54k€71k▲
Profit to be distributed694/7€101k€48k▼
Return on contributions (dividend)694€101k€48k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €75k ▲159%
Operating result €118k, net result €75k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €29k ▼36.9%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 14current ratio 52.23
Current ratio from 3.83 to 52.23; short-term debt falls from €80k to €5k.
31-12
Financial
Equity above €200kEq €223k ▲13.8%
5 profitable years in a row build equity to €223k.
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €152k ▲44.3%
3 profitable years in a row build equity to €152k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €105k ▲124%
2 profitable years in a row build equity to €105k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Halle · 1 establishment unit since 2018
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.
Vlieringendreef 11500 HalleGround area
1,632 m²
Building footprint
276 m²
Volume, LiDAR
1,707 m³
Parcel 23027A0142/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDH
since 20182.273.099.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027A0142/00G000 | Flanders | 1,632 m² | 1 · 276 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ARTS CONSTRUCTION PROJECT MANAGEMENT
BE 0429.739.890
Nassogne · Eq €275k
Themis Lankin
BE 0783.327.854
Deinze · Eq €274k
Fectum
BE 0736.563.164
Herenthout · Eq €275k
Asta+
BE 0788.310.882
Opwijk · Eq €274k
ATM Eyskens
BE 0752.766.421
Antwerpen · Eq €275k
Of 11,555 companies in sector 71121 we hold annual accounts for 6,562. 4,934 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2018
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.