VDH-Machines
ActiveVDH-Machines has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €113k and a net result of €18k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 15866 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
76
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+7
Solvency26▼-4
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.34 in 2023), and 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-06-2026, 326 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
326 d late
2023
239 d late
2021
31 d late
2020
31 d late
2019
38 d early
2018
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€113k▲ 18.5%
2023 · €95k
2018: €74k
2019: €54k
2020: €57k
2021: €80k
2023: €95k
2018 → 2024
Total assets
€678k▲ 25.9%
2023 · €539k
2018: €184k
2019: €156k
2020: €190k
2021: €182k
2023: €539k
2018 → 2024
Net result
€18k▲ 30.6%
2023 · €13k
2018: €15k
2019: €-20k
2020: €3k
2021: €22k
2023: €13k
2018 → 2024
Working capital
€100k▼ 26.2%
2023 · €136k
2018: €67k
2019: €49k
2020: €55k
2021: €80k
2023: €136k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€54k-€57k▲ 6.3%€80k▲ 39.2%€95k▲ 19.7%€113k▲ 18.5%
Operating result€-23k-€860€22k▲ 2,506%€18k▼ 18.0%€26k▲ 39.0%
Net result€-20k-€3k€22k▲ 562%€13k▼ 39.9%€18k▲ 30.6%
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 2024; 2024 is 39% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €678k
Fixed assets
€35k▲ 406%
Current assets
€643k▲ 20.9%
Equity and liabilities €678k
Equity
€113k▲ 18.5%
Debt
€565k▲ 27.4%
The debt ratio rises from 82.3% to 83.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€30k▲
2023 · €20k
Cash flow
€22k▲
2023 · €15k
Solvency
16.7%▼
2023 · 17.7%
Current ratio
1.18▼
2023 · 1.34
Quick ratio
1.18▼
2023 · 1.34
Debt / equity
5.00▲
2023 · 4.65
ROE
15.6%▲
2023 · 14.1%
ROA
2.6%▲
2023 · 2.5%
Interest coverage
143.50▼
2023 · 144.61
Debt
€565k▲
2023 · €443k
Debt ≤ 1 year
€543k▲
2023 · €396k
Income taxes
€12k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€539k€678k▲
Fixed assets21/28€7k€35k▲
Tangible fixed assets22/27€7k€35k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€2k€32k▲
Current assets29/58€532k€643k▲
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€416k€525k▲
Trade receivables40€400k€474k▲
Other amounts receivable41€16k€50k▲
Cash at bank and in hand54/58€12k€17k▲
Deferred charges and accrued income490/1€4k€710▼
Equity and liabilities
Total equity and liabilities10/49€539k€678k▲
Equity10/15€95k€113k▲
Contributions10/11€19k€19k=
Reserves13€77k€94k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€75k€92k▲
Amounts payable17/49€443k€565k▲
Amounts payable within one year42/48€396k€543k▲
Trade debts44€371k€511k▲
Suppliers440/4€371k€511k▲
Taxes, remuneration and social security45€25k€31k▲
Taxes450/3€25k€31k▲
Accrued charges and deferred income492/3€47k€22k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€22k€32k▲
Operating profit (loss)9901€18k€26k▲
Financial income75/76B€4k€4k=
Recurring financial income75€4k€4k=
Financial charges65/66B€138€209▲
Recurring financial charges65€138€209▲
Profit (loss) for the period before taxes9903€22k€30k▲
Income taxes67/77€9k€12k▲
Profit (loss) for the period9904€13k€18k▲
Profit (loss) for the period to be appropriated9905€13k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€18k▲
Transfer to equity691/2€13k€18k▲
To other reserves6921€13k€18k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 326 days late
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 239 days late
2024
31-12
Financial
Equity above €100kEq €113k ▲18.5%
4 profitable years in a row build equity to €113k.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲562%
Net result €22k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-20k ▼235%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
01-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Retie · 1 establishment unit since 2012
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.
Duinberg 282470 RetieGround area
2,373 m²
Building footprint
227 m²
Volume, LiDAR
1,049 m³
Parcel 13036H0544/02E000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDH-Machines
since 20122.208.667.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036H0544/02E000 | Flanders | 2,373 m² | 1 · 227 m² | 8.9 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
ARIVIC
BE 0457.840.889
Schoten · Eq €113k
COBECO
BE 0476.836.261
Berlaar · Eq €113k
JAN HUYGHE
BE 0477.633.245
Ronse · Eq €112k
MOORS DRILLING
BE 0475.656.029
Beauraing · Eq €112k
Comsoltech
BE 0797.096.708
Lierde · Eq €114k
Of 1,070 companies in sector 46140 we hold annual accounts for 640. 501 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2012
Fiscal year end31-12
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
46620Wholesale of machine tools
46649Wholesale of other machinery and equipment
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.