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VDH-Projects

Active
Private limited companyfounded 20242 yrs activeDe Tuintjes 14, 8310 Brugge, BelgiumKBO/BCE: BE 1012.319.615
Summary

The computed 12-month bankruptcy probability of VDH-Projects is 2.4% (moderate). The 2025 annual accounts show equity of €34,839 and a net result of €33,839. Its solvency ranks better than 11% of 28184 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability75
Solvency30
Growth-
Track record67
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.07; short-term debt: 9.8% and cash: 7% of total assets), but 94.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
5.4%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 28184 sector peers (2025).
NBB · sector comparison
Position among 28184 sector peers
Solvency
better than 11%
← weakest strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VDH-Projects was incorporated on 8 August 2024 as a Private limited company.1 Since 2026, Louise Nevens has served as director of the company.2 The company has filed annual accounts once, for fiscal year 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 11-09-2026
  3. 3National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€34,839
Total assets
€644,955
Net result
€33,839
Working capital
€67,791

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €644,955
Fixed assets €513,797
Current assets €131,158
Equity and liabilities €644,955
Equity €34,839
Debt €610,116
Debt finances 94.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€75,015
Cash flow
€55,955
Current ratio
2.07
Quick ratio
1.83
Debt to equity
17.51
ROE
97.1%
ROA
5.2%
Interest coverage
11.09
Debt ≤ 1 year
€63,367
Debt > 1 year
€453,693
Income taxes
€12,439
Staff costs
€19,212

Peer companies

Historical observation

Of the 2,155 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
2.6% went bankrupt
2.6% stopped otherwise
94% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,155 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 48 lines
Balance sheet Code2025
Assets
Total assets20/58€644,955
Fixed assets21/28€513,797
Tangible fixed assets22/27€513,797
Land and buildings22€364,577
Plant, machinery and equipment23€15,121
Furniture and vehicles24€12,515
Leasing and similar rights25€121,583
Current assets29/58€131,158
Stocks and contracts in progress3€15,049
Stocks30/36€15,049
Amounts receivable within one year40/41€69,172
Trade receivables40€27,881
Other amounts receivable41€41,291
Cash at bank and in hand54/58€45,281
Deferred charges and accrued income490/1€1,657
Equity and liabilities
Total equity and liabilities10/49€644,955
Equity10/15€34,839
Contributions10/11€1,000
Reserves13€33,839
Distributable reserves133€33,839
Amounts payable17/49€610,116
Amounts payable after more than one year17€453,693
Financial debts170/4€453,693
Amounts payable within one year42/48€63,367
Current portion of amounts payable after more than one year42€29,019
Trade debts44€16,175
Suppliers440/4€16,175
Taxes, remuneration and social security45€18,173
Taxes450/3€12,815
Remuneration and social security454/9€5,358
Accrued charges and deferred income492/3€93,056
Income statement Code2025
Remuneration, social security and pensions62€19,212
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,116
Other operating charges640/8€24,350
Non-recurring operating charges66A€194
Gross operating margin9900€118,770
Operating profit (loss)9901€52,899
Financial income75/76B€146
Recurring financial income75€146
Financial charges65/66B€6,767
Recurring financial charges65€6,767
Profit (loss) for the period before taxes9903€46,278
Income taxes67/77€12,439
Profit (loss) for the period9904€33,839
Profit (loss) for the period to be appropriated9905€33,839
Appropriation of the result
Profit (loss) to be appropriated9906€33,839
Transfer to equity691/2€33,839
To other reserves6921€33,839

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€19,212
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,116
Other operating charges640/8€24,350
Non-recurring operating charges66A€194
Gross operating margin9900€118,770
Operating profit (loss)9901€52,899
Financial income75/76B€146
Recurring financial income75€146
Financial charges65/66B€6,767
Recurring financial charges65€6,767
Profit (loss) for the period before taxes9903€46,278
Income taxes67/77€12,439
Profit (loss) for the period9904€33,839
Profit (loss) for the period to be appropriated9905€33,839
Line2025
Assets
Total assets20/58€644,955
Fixed assets21/28€513,797
Tangible fixed assets22/27€513,797
Land and buildings22€364,577
Plant, machinery and equipment23€15,121
Furniture and vehicles24€12,515
Leasing and similar rights25€121,583
Current assets29/58€131,158
Stocks and contracts in progress3€15,049
Stocks30/36€15,049
Amounts receivable within one year40/41€69,172
Trade receivables40€27,881
Other amounts receivable41€41,291
Cash at bank and in hand54/58€45,281
Deferred charges and accrued income490/1€1,657
Equity and liabilities
Total equity and liabilities10/49€644,955
Equity10/15€34,839
Contributions10/11€1,000
Reserves13€33,839
Distributable reserves133€33,839
Amounts payable17/49€610,116
Amounts payable after more than one year17€453,693
Financial debts170/4€453,693
Amounts payable within one year42/48€63,367
Current portion of amounts payable after more than one year42€29,019
Trade debts44€16,175
Suppliers440/4€16,175
Taxes, remuneration and social security45€18,173
Taxes450/3€12,815
Remuneration and social security454/9€5,358
Accrued charges and deferred income492/3€93,056
Line2025
Profit (loss) for the period9904€33,839
+ Depreciation and write-downs630€22,116
Operating cash flow (approximation)€55,955

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
11-09
State Gazette act Appointment: Louise Nevens (director)
Declaration · Power of attorney4 facts ▸
  • General meeting, 02-09-2026
  • Director appointment, Louise Nevens (director)
  • Declaration, alle daden door Louise Nevens gesteld die als daden van bestuur kunnen worden gekwalificeerd, ratification of acts
  • Power of attorney, NV TITECA
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Louise Nevens
Director · since 01-01-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
332 m²
Building footprint
95 m²
Volume, LiDAR
748 m³
Parcel 31029C0512/00C000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDH-Projects bv
De Tuintjes 14, 8310 BruggeManufacture of furniture
since 20242.362.301.277
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31029C0512/00C000 Flanders 332 m² 1 · 95 m² 10.3 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.

Mandate history

1 person since 2026, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Louise Nevens
  • Director, from 01-01-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 90 EUR awarded · 90 EUR paid
Year Entries awardedpaid
2024 1 90 EUR90 EUR
Schemes
1 entry · 90 EUR · 90 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,002 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
Founded08-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
31002Manufacture of furniture
43211General electrical installation work
43221Plumbing work
43350Other building finishing work
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012319615

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.