VDH Software Solutions
ActiveSummary
VDH Software Solutions has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5,163 and a net result of €4,439. Equity has been shrinking by about 34% per year since 2018. Its solvency ranks better than 10% of 20,538 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-02-2009 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.176.628.827 2845 Niel, since 14-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €20,698
- ▼ 58.0%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €4,439
- ▼ 80.7%
- Equity
- €5,163
- ▼ 80.8%
- Total assets
- €142,382
- ▼ 10.7%
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 26-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 54 days late; 3 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €142,382Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 12% of them on solvency, 15% on liquidity, 31% on profitability and 8% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 70 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 23-09-2025 PDF all 15 filings
Every figure per financial year
The operating result for 2024 is 76% lower than in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €6,674 | €3,609 | €5,023 | €2,860 |
| Depreciation and write-downs of the year | €17,575 | €15,791 | €14,951 | €12,802 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,730 | €18,618 | €16,532 | €17,575 | €15,791 | €14,951 | €12,802 | ▼ 14.4% |
| Other operating charges640/8 | - | - | - | €1,811 | €2,130 | €1,898 | €171 | ▼ 91.0% |
| Gross operating margin9900 | €61,917 | €11,231 | €1,843 | -€2,217 | €24,847 | €49,305 | €20,698 | ▼ 58.0% |
| Operating profit (loss)9901 | €27,634 | -€9,406 | -€17,027 | -€21,604 | €6,926 | €32,456 | €7,726 | ▼ 76.2% |
| Financial income75/76B | - | - | - | €35 | - | €307 | - | - |
| Recurring financial income75 | €9 | - | - | €35 | - | €307 | - | - |
| Financial charges65/66B | - | - | - | €3,506 | €3,293 | €3,120 | €2,977 | ▼ 4.6% |
| Recurring financial charges65 | €2,310 | €4,000 | €3,469 | €3,506 | €3,293 | €3,120 | €2,977 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €25,333 | -€13,406 | -€20,496 | -€25,075 | €3,633 | €29,643 | €4,749 | ▼ 84.0% |
| Income taxes67/77 | €6,474 | €391 | €382 | €2,151 | €330 | €6,679 | €310 | ▼ 95.4% |
| Profit (loss) for the period9904 | €18,859 | -€13,796 | -€20,877 | -€27,226 | €3,303 | €22,964 | €4,439 | ▼ 80.7% |
| Profit (loss) for the period to be appropriated9905 | €18,859 | -€13,796 | -€20,877 | -€27,226 | €3,303 | €22,964 | €4,439 | ▼ 80.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €284,662 | €231,752 | €204,621 | €165,159 | €154,425 | €159,364 | €142,382 | ▼ 10.7% |
| Fixed assets21/28 | €145,758 | €133,769 | €120,206 | €109,305 | €97,123 | €87,195 | €77,254 | ▼ 11.4% |
| Intangible fixed assets21 | - | €1,164 | €930 | €696 | €462 | €228 | - | - |
| Tangible fixed assets22/27 | €143,398 | €130,246 | €116,916 | €106,250 | €94,301 | €84,608 | €74,894 | ▼ 11.5% |
| Land and buildings22 | - | - | - | €87,326 | €79,800 | €72,274 | €64,747 | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | €17,624 | €14,102 | €12,334 | €10,147 | ▼ 17.7% |
| Furniture and vehicles24 | - | - | - | €1,299 | €399 | - | - | - |
| Financial fixed assets28 | €2,360 | €2,360 | €2,360 | €2,360 | €2,360 | €2,360 | €2,360 | = |
| Current assets29/58 | €138,904 | €97,983 | €84,416 | €55,854 | €57,302 | €72,168 | €65,128 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €66,853 | €57,367 | €54,477 | €44,861 | €14,437 | €54,175 | €53,380 | ▼ 1.5% |
| Trade receivables40 | - | - | - | €43,481 | €14,437 | €38,316 | €53,380 | ▲ 39.3% |
| Other amounts receivable41 | - | - | - | €1,381 | - | €15,859 | - | - |
| Cash at bank and in hand54/58 | €36,009 | €13,008 | €11,313 | €1,982 | €42,465 | €17,541 | €10,378 | ▼ 40.8% |
| Deferred charges and accrued income490/1 | - | - | - | €9,011 | €400 | €453 | €1,370 | ▲ 203% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €284,662 | €231,752 | €204,621 | €165,159 | €154,425 | €159,364 | €142,382 | ▼ 10.7% |
| Equity10/15 | €62,522 | €48,725 | €27,848 | €622 | €3,925 | €26,890 | €5,163 | ▼ 80.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €43,922 | €43,922 | €28,026 | €28,026 | €28,026 | €50,990 | €24,824 | ▼ 51.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €26,166 | €26,166 | €50,990 | €24,824 | ▼ 51.3% |
| Profit (loss) carried forward14 | - | -€13,796 | -€18,778 | -€46,004 | -€42,700 | -€42,700 | -€38,261 | ▲ 10.4% |
| Amounts payable17/49 | €222,141 | €183,027 | €176,774 | €164,537 | €150,500 | €132,474 | €137,219 | ▲ 3.6% |
| Amounts payable after more than one year17 | €117,824 | €110,703 | €103,372 | €95,824 | €88,053 | €80,052 | €71,814 | ▼ 10.3% |
| Financial debts170/4 | - | - | - | €95,824 | €88,053 | €80,052 | €71,814 | ▼ 10.3% |
| Amounts payable within one year42/48 | €104,317 | €72,323 | €73,401 | €68,712 | €62,447 | €52,422 | €65,406 | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,548 | €7,771 | €8,001 | €8,238 | ▲ 3.0% |
| Trade debts44 | €19,001 | €11,432 | €11,767 | €16,526 | €9,815 | €26,905 | €28,830 | ▲ 7.2% |
| Suppliers440/4 | - | - | - | €16,526 | €9,815 | €26,905 | €28,830 | ▲ 7.2% |
| Advances received on contracts in progress46 | - | - | - | €14,219 | €14,219 | €14,219 | €14,219 | = |
| Taxes, remuneration and social security45 | - | - | - | €1,541 | €12,068 | €3,298 | €6,303 | ▲ 91.1% |
| Taxes450/3 | - | - | - | €1,541 | €12,068 | €3,298 | €6,303 | ▲ 91.1% |
| Other amounts payable47/48 | - | - | - | €28,879 | €18,573 | - | €7,816 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,859 | -€13,796 | -€20,877 | -€27,226 | €3,303 | €22,964 | €4,439 | ▼ 80.7% |
| + Depreciation and write-downs630 | €14,730 | €18,618 | €16,532 | €17,575 | €15,791 | €14,951 | €12,802 | ▼ 14.4% |
| Operating cash flow (approximation) | €33,589 | €4,822 | -€4,345 | -€9,651 | €19,095 | €37,915 | €17,240 | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | -€6,629 | -€2,969 | -€6,674 | -€3,609 | -€5,023 | -€2,860 | ▲ 43.1% |
| Change in cash | - | -€23,001 | -€1,695 | -€9,331 | €40,483 | -€24,924 | -€7,163 | ▲ 71.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,375 companies had the same profile as VDH Software Solutions has now. Two years later, 95.9% were still going and 2.2% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDH Software Solutions itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,375 companies, not a prediction for VDH Software Solutions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 23-09-2025 | 2025-00505967 | |
| 31-12-2023 | micro format | 03-10-2024 | 2024-00492255 | |
| 31-12-2022 | micro format | 06-09-2023 | 2023-00436737 | |
| 31-12-2021 | micro format | 15-12-2022 | 2022-20538031 | |
| 31-12-2020 | micro format | 10-11-2021 | 2021-77100141 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44800011 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-54400596 | |
| 31-12-2017 | micro format | 07-08-2018 | 2018-44100065 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54300145 | |
| 31-12-2015 | abbreviated format | 23-06-2016 | 2016-21400542 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid aantal aandelen, zelfde formaliteiten indien geen aandeelhouder van rechtswege”
Articles of association, deed of 28-12-2023 (in Dutch)
Network & group
VDH Software Solutions shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of VDH Software Solutions. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousCapital conversion · Reserve release · Registered office clause9 points ▸
- General meeting, 19-12-2023
- Other provision, “dwingende bepalingen van het Wetboek van vennootschappen en verenigingen”, 01-01-2020 (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “behoud bestuurssamenstelling” (deed in Dutch)
- Capital conversion, 01-01-2020
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Registered office clause, “2845 Niel,Wipstraat 2” (deed in Dutch)
- Power of attorney
- Power of attorney, Karel Tobback (instrumenterende notaris)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
24 activities
- Computeradviesbureaus
- Het verlenen van advies over soorten computers zowel hun hardware als hun software
- Analyseren van behoeften en gebruikersproblemen
- Aanbieden van de beste oplossingen
- Activiteiten zoals systeemintegrators
- Realisatie van programma’s en gebruiksklare systemen
- Analyseren,ontwerpen en programmeren van gebruiksklare systemen
- Uitgeven van gebruiksklare systemen
- Uitgeven en ontwikkelen van documentatie over standaard en of speciale programmatuur
- Advies met betrekking tot informatieprogramma's
- Bijstand verlenen bij toepassing van programma's
- Overige activiteiten in verband met computers
- Alle overige activiteiten in verband met computers
- Reclamewezen
- Publiciteitsagentschap
- Ontwerpen en voeren van reclame
- Ontwerpen van publicitaire teksten en slogans
- Publiciteitsonderneming en informatiekantoor
- Beheer van publiciteitsdragers
- Het verkopen van tijd en ruimte in de media
- Het aanbieden van reclameruimten
- Invoeren van diverse goederen
- Uitvoeren van diverse goederen
- Het uitvoeren van voorstudie,ontwerp,kostenraming,planning,detailstudie,engineering,tekenen,begeleiden,testen,opstarten en algemene projectondersteuning van projecten in de industrie met volgende disciplines: elektriciteit,instrumentatie,automatisatie,utiliteitsbouw en software
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11030C0086/00M004 | Flanders | 689 m² | 1 · 186 m² | 8.3 m · 1 |
| 11030B0021/00R004 | Flanders | 179 m² | 1 · 179 m² | 6.2 m · 2 |