VDH Solutions
ActiveSummary
VDH Solutions has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,975 and a net result of -€10,308. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.64 against 4.63 in 2023; short-term debt: 10.2% and cash: 36.3% of total assets), and 10.2% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89.8%
Return on assets
-25%
Age of the figures
21 mo
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
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
38 d early
2023
28 d early
2022
61 d early
2021
51 d early
2020
24 d early
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€36,975▼ 21.8%
2023 · €47,283
Total assets
€41,193▼ 28.2%
2023 · €57,378
Net result
-€10,308
2023 · €20,089
Working capital
€23,785▼ 35.2%
2023 · €36,686
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,409▲ 24.8%-€2,371-€2,787▼ 17.5%€27,398-€9,939
Net result€14,662within the sector's middle half▼ 5.0%-€2,716below the sector's middle half-€3,123below the sector's middle half▼ 15.0%€20,089within the sector's middle half-€10,308below the sector's middle half
Equity€33,832within the sector's middle half▲ 76.5%€31,117within the sector's middle half▼ 8.0%€27,994within the sector's middle half▼ 10.0%€47,283within the sector's middle half▲ 68.9%€36,975within the sector's middle half▼ 21.8%
Total assets€49,333below the sector's middle half▲ 122%€55,499below the sector's middle half▲ 12.5%€31,979below the sector's middle half▼ 42.4%€57,378below the sector's middle half▲ 79.4%€41,193below the sector's middle half▼ 28.2%
Debt€15,501▲ 408%€24,382▲ 57.3%€3,986▼ 83.7%€10,095▲ 153%€4,219▼ 58.2%
Working capital€16,254within the sector's middle half▲ 60.7%€12,935within the sector's middle half▼ 20.4%€7,585within the sector's middle half▼ 41.4%€36,686within the sector's middle half▲ 384%€23,785within the sector's middle half▼ 35.2%
Solvency68.6%within the sector's middle half▼ 17.7pp56.1%within the sector's middle half▼ 12.5pp87.5%above the sector's middle half▲ 31.5pp82.4%above the sector's middle half▼ 5.1pp89.8%above the sector's middle half▲ 7.4pp
Current ratio2.79within the sector's middle half▼ 1.531.61within the sector's middle half▼ 1.182.90within the sector's middle half▲ 1.304.63above the sector's middle half▲ 1.736.64above the sector's middle half▲ 2.00
Return on assets (ROA)29.7%above the sector's middle half▼ 39.8pp-4.9%below the sector's middle half▼ 34.6pp-9.8%below the sector's middle half▼ 4.9pp35.0%above the sector's middle half▲ 44.8pp-25.0%below the sector's middle half▼ 60.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9,939 after €27,398 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41,193
Fixed assets
€13,189 ▲ 24.5%
Current assets
€28,004 ▼ 40.1%
Equity and liabilities €41,193
Equity
€36,975 ▼ 21.8%
Debt
€4,219 ▼ 58.2%
Debt's share of the balance-sheet total falls from 17.6% to 10.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,720▼
2023 · €31,710
Cash flow
-€6,089▼
2023 · €24,401
Quick ratio
5.82▲
2023 · 3.95
Debt to equity
0.11▼
2023 · 0.21
ROE
-27.9%▼
2023 · 42.5%
Interest coverage
-41.55▼
2023 · 269.48
Debt ≤ 1 year
€4,219▼
2023 · €10,095
Income taxes
€245▼
2023 · €7,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,805 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €343 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,527 | €7,284 | €6,988 | €4,312 | €4,219 | ▼ 2.2% |
| Other operating charges640/8 | - | €1,355 | €757 | €774 | €493 | ▼ 36.2% |
| Non-recurring operating charges66A | - | - | - | €1,818 | - | - |
| Gross operating margin9900 | €23,359 | €6,267 | €4,959 | €34,301 | -€5,227 | ▼ 115% |
| Operating profit (loss)9901 | €19,409 | -€2,371 | -€2,787 | €27,398 | -€9,939 | ▼ 136% |
| Financial income75/76B | - | €2 | €0 | €106 | €14 | ▼ 87.1% |
| Recurring financial income75 | - | €2 | €0 | €106 | €14 | ▼ 87.1% |
| Financial charges65/66B | - | €150 | €132 | €118 | €138 | ▲ 17.0% |
| Recurring financial charges65 | €94 | €150 | €132 | €118 | €138 | ▲ 17.0% |
| Profit (loss) for the period before taxes9903 | €19,315 | -€2,519 | -€2,919 | €27,386 | -€10,063 | ▼ 137% |
| Income taxes67/77 | €4,653 | €196 | €204 | €7,298 | €245 | ▼ 96.6% |
| Profit (loss) for the period9904 | €14,662 | -€2,716 | -€3,123 | €20,089 | -€10,308 | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €14,662 | -€2,716 | -€3,123 | €20,089 | -€10,308 | ▼ 151% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,333 | €55,499 | €31,979 | €57,378 | €41,193 | ▼ 28.2% |
| Fixed assets21/28 | €24,000 | €21,268 | €20,408 | €10,597 | €13,189 | ▲ 24.5% |
| Tangible fixed assets22/27 | €24,000 | €21,268 | €20,408 | €10,597 | €13,189 | ▲ 24.5% |
| Plant, machinery and equipment23 | - | €7,888 | €10,446 | €10,597 | €13,189 | ▲ 24.5% |
| Furniture and vehicles24 | - | €13,380 | €9,963 | - | - | - |
| Current assets29/58 | €25,333 | €34,231 | €11,571 | €46,781 | €28,004 | ▼ 40.1% |
| Stocks and contracts in progress3 | €1,401 | €2,760 | €2,403 | €6,884 | €3,438 | ▼ 50.1% |
| Stocks30/36 | - | €2,760 | €2,403 | €6,884 | €3,438 | ▼ 50.1% |
| Amounts receivable within one year40/41 | €8,238 | €28,085 | €6,765 | €8,183 | €6,159 | ▼ 24.7% |
| Trade receivables40 | - | €28,082 | €6,688 | €4,122 | €1,042 | ▼ 74.7% |
| Other amounts receivable41 | - | €3 | €77 | €4,061 | €5,117 | ▲ 26.0% |
| Cash at bank and in hand54/58 | €15,043 | €2,700 | €886 | €29,324 | €14,944 | ▼ 49.0% |
| Deferred charges and accrued income490/1 | - | €686 | €1,517 | €2,391 | €3,464 | ▲ 44.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,333 | €55,499 | €31,979 | €57,378 | €41,193 | ▼ 28.2% |
| Equity10/15 | €33,832 | €31,117 | €27,994 | €47,283 | €36,975 | ▼ 21.8% |
| Contributions10/11 | - | €28,600 | €28,600 | €28,600 | €28,600 | = |
| Reserves13 | €1,817 | €1,817 | €1,817 | €6,817 | €6,817 | = |
| Non-distributable reserves130/1 | - | €1,817 | €1,817 | - | - | - |
| Reserves not available under the articles1311 | - | €1,817 | €1,817 | - | - | - |
| Distributable reserves133 | - | - | - | €6,817 | €6,817 | = |
| Profit (loss) carried forward14 | €3,415 | €699 | -€2,424 | €11,865 | €1,557 | ▼ 86.9% |
| Amounts payable17/49 | €15,501 | €24,382 | €3,986 | €10,095 | €4,219 | ▼ 58.2% |
| Amounts payable after more than one year17 | €6,422 | €3,087 | - | - | - | - |
| Financial debts170/4 | - | €3,087 | - | - | - | - |
| Amounts payable within one year42/48 | €9,079 | €21,296 | €3,986 | €10,095 | €4,219 | ▼ 58.2% |
| Current portion of amounts payable after more than one year42 | - | €3,336 | €3,087 | - | - | - |
| Trade debts44 | €475 | €11,716 | €49 | €8,648 | €3,572 | ▼ 58.7% |
| Suppliers440/4 | - | €11,716 | €49 | €8,648 | €3,572 | ▼ 58.7% |
| Taxes, remuneration and social security45 | - | €5,597 | €204 | - | - | - |
| Taxes450/3 | - | €5,597 | €204 | - | - | - |
| Other amounts payable47/48 | - | €647 | €647 | €1,447 | €647 | ▼ 55.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,662 | -€2,716 | -€3,123 | €20,089 | -€10,308 | ▼ 151% |
| + Depreciation and write-downs630 | €3,527 | €7,284 | €6,988 | €4,312 | €4,219 | ▼ 2.2% |
| Operating cash flow (approximation) | €18,189 | €4,568 | €3,865 | €24,401 | -€6,089 | ▼ 125% |
| Investment in fixed assets (approximation) | - | -€4,551 | -€6,129 | €5,500 | -€6,812 | ▼ 224% |
| Change in cash | - | -€12,343 | -€1,814 | €28,438 | -€14,381 | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,308
Net result drops to -€10,308, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €20,089
Net result €20,089 after 2 loss-making years.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €15,441
Net result €15,441 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.32
Current ratio from 1.43 to 4.32; short-term debt falls from €6,424 to €3,049.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Destelbergen · 1 establishment unit since 2009
Ground area
4,677 m²
Building footprint
233 m²
Volume, LiDAR
1,094 m³
Parcel 44028A0512/00X000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDH Solutions
since 20092.180.345.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028A0512/00X000 | Flanders | 4,677 m² | 1 · 233 m² | 6.3 m · 2 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.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 1,925 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
Founded29-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
74991Agents and managers of artists, athletes and other public figures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817437014
Also
9925:BE0817437014
Registered
24-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.