VDH DEV
Annual accounts 2025
micro format, filed on 30-07-2026, 1 day before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €1.9m on 31-12-2025in €m
in euro
Position in the sector
94.6%
Higher than 90% of 229 companies in 2025.
7.21
Higher than 84% of 221 companies in 2025.
70.6%
Higher than 95% of 225 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
1.9m | 1.2m | 1.3m | 1.3m | 1.3m | 1.1m | 1.1m | |
20 |
0 | 0 | 155 | 387 | 619 | 851 | 2,812 | |
21/28 |
1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.0m | |
21 |
- | - | 0 | - | - | - | - | |
28 |
1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.1m | 1.0m | |
29/58 |
746,373 | 44,526 | 79,584 | 104,010 | 100,555 | 72,225 | 74,132 | |
3 |
- | - | 0 | 98,770 | 62,632 | 7,500 | 7,500 | |
30/36 |
- | - | 0 | 98,770 | 62,632 | 7,500 | 7,500 | |
40/41 |
744,505 | 43,646 | 78,468 | 2,165 | 34,066 | 49,995 | 61,809 | |
40 |
98,698 | 38,069 | 78,446 | 0 | - | 0 | 0 | |
41 |
645,807 | 5,578 | 23 | 2,165 | 34,066 | 49,995 | 61,809 | |
54/58 |
1,869 | 879 | 1,116 | 3,075 | 3,857 | 14,730 | 4,824 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
1.9m | 1.2m | 1.3m | 1.3m | 1.3m | 1.1m | 1.1m | |
10/15 |
1.8m | 464,577 | 429,279 | 464,771 | 458,097 | 646,898 | 437,578 | |
10/11 |
440,000 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 | 440,000 | |
100 |
- | - | - | - | - | 0 | 440,000 | |
11 |
- | - | - | - | - | 440,000 | - | |
1109/19 |
- | - | - | - | - | 440,000 | - | |
14 |
1.4m | 24,577 | -10,721 | 24,771 | 18,097 | 206,898 | -2,422 | |
17/49 |
103,514 | 784,561 | 855,071 | 820,270 | 823,720 | 490,997 | 660,816 | |
17 |
0 | 286,072 | 310,149 | 333,890 | 357,298 | 380,380 | 583,139 | |
170/4 |
0 | 286,072 | 310,149 | 333,890 | 357,298 | 380,380 | 583,139 | |
42/48 |
103,514 | 498,488 | 544,922 | 486,380 | 466,422 | 110,617 | 77,677 | |
42 |
6,072 | 24,077 | 23,740 | 23,409 | 23,082 | 22,759 | 16,861 | |
43 |
- | - | - | 0 | 36,866 | 22,866 | - | |
430/8 |
- | - | - | 0 | 36,866 | 22,866 | - | |
44 |
68,505 | 28,321 | 33,901 | 2,810 | 2,810 | 1,343 | 816 | |
440/4 |
68,505 | 28,321 | 33,901 | 2,810 | 2,810 | 1,343 | 816 | |
45 |
14,045 | 0 | 33,624 | 21,672 | 0 | 324 | - | |
450/3 |
14,045 | 0 | 33,624 | 21,672 | 0 | 324 | - | |
47/48 |
14,892 | 446,090 | 453,657 | 438,489 | 403,664 | 63,324 | 60,000 | |
| Income statement | ||||||||
70 |
- | 34,523 | - | - | - | 0 | - | |
76A |
1.3m | - | - | - | - | - | - | |
9900 |
1.4m | -3,577 | 5,637 | -5,003 | -4,895 | -2,136 | -776 | |
60/61 |
- | 38,100 | - | 5,003 | 4,895 | 2,136 | 776 | |
630 |
- | 155 | 232 | 232 | 232 | 189 | 120 | |
640/8 |
998 | 968 | 960 | 868 | 868 | 348 | 362 | |
9901 |
1.4m | -4,699 | 4,445 | -6,103 | -5,995 | -2,673 | -1,258 | |
75/76B |
7,430 | 76,396 | 209 | 45,330 | 38,850 | 240,293 | - | |
75 |
7,430 | 76,396 | 209 | 45,330 | 38,850 | 240,293 | - | |
65/66B |
10,666 | 36,399 | 40,146 | 32,554 | 23,656 | 28,299 | 1,164 | |
65 |
10,666 | 36,399 | 40,146 | 32,554 | 23,656 | 28,299 | 1,164 | |
9903 |
1.4m | 35,298 | -35,491 | 6,673 | 9,199 | 209,320 | -2,422 | |
9904 |
1.4m | 35,298 | -35,491 | 6,673 | 9,199 | 209,320 | -2,422 | |
9905 |
1.4m | 35,298 | -35,491 | 6,673 | 9,199 | 209,320 | -2,422 | |
| Appropriation of the result | ||||||||
9906 |
1.4m | 24,577 | -10,721 | 24,771 | 216,097 | 206,898 | -2,422 | |
14P |
24,577 | -10,721 | 24,771 | 18,097 | 206,898 | - | - | |
694/7 |
- | - | - | - | 198,000 | - | - | |
694 |
- | - | - | - | 198,000 | - | - | |
| Document | ||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00368820 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00304519 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00304899 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00426072 | |
| 31-12-2021 | micro format | 26-09-2022 | 2022-20438340 | |
| 31-12-2020 | micro format | 25-09-2021 | 2021-68400509 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68300242 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| - | -4,544 | 4,677 | -5,871 | -5,763 | -2,484 | -1,138 | ||
| - | 35,452 | -35,259 | 6,905 | 9,431 | 209,510 | -2,302 | ||
| - | 155 | 23,984 | 232 | 115,824 | 43,370 | 1.0m | ||
| 990 | -236 | -1,960 | -782 | -10,872 | 9,906 | - | ||
| 642,859 | -453,963 | -465,338 | -382,370 | -365,867 | -38,392 | -3,544 | ||
| - | -13.6% | - | - | - | - | - | ||
| 94.6% | 37.2% | 33.4% | 36.2% | 35.7% | 56.9% | 39.8% | ||
| 7.21 | 0.09 | 0.15 | 0.21 | 0.22 | 0.65 | 0.95 | ||
| 7.21 | 0.09 | 0.15 | 0.01 | 0.08 | 0.59 | 0.86 | ||
| 0.06 | 1.69 | 1.99 | 1.76 | 1.80 | 0.76 | 1.51 | ||
| 74.6% | 7.6% | -8.3% | 1.4% | 2.0% | 32.4% | -0.6% | ||
| 70.6% | 2.8% | -2.8% | 0.5% | 0.7% | 18.4% | -0.2% | ||
| - | -0.12 | 0.12 | -0.18 | -0.24 | - | - | ||
| - | 402 days | - | - | - | - | - | ||
| - | 271 days | - | 205 days | 210 days | 230 days | 384 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €513,890 | €513,890 | €513,890 | €896,528 | €896,528 |
| Carrying value of the other pledged assets | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €23,984 | - | €115,824 |
| - | €155 | €232 | €232 | €232 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on VDH DEV
The operating result for 2025 is a profit of €1.4m, after a loss of €4,699 in 2024. It is the highest result since 2019.
Debt's share of the balance-sheet total falls from 62.8% to 5.4%. Equity is higher and debt is lower.
- 2025 Net result +3,761% on 2024. The 2025 profit included a one-off income of €1,314,031.