VDHOUT

Active

Private limited companyfounded 20215 yrs activeZillebekestraat 24, 8980 Zonnebeke, BelgiumKBO/BCE: BE 0765.195.386

Summary

The computed 12-month bankruptcy probability of VDHOUT is 2.6% (moderate). The 2024 annual accounts show equity of €26k and a net result of €10k. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability83▲+82

Solvency55▲+2

Growth78▲+26

Track record94

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.5k at 30 days acceptable

Liquidity tight (current ratio 1.44 against 1.27 in 2023; short-term debt: 67.6% and cash: 37% of total assets), and 70.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

29.8%

Return on assets

11.5%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

22 d early

2023

48 d early

2022

28 d early

2021

26 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€26k▲ 62.9%

2023 · €16k

2021: €10k 2022: €24k 2023: €16k

2021 → 2024

Total assets

€87k▲ 50.9%

2023 · €58k

2021: €59k 2022: €79k 2023: €58k

2021 → 2024

Net result

€10k

2023 · €-8k

2021: €5k 2022: €15k 2023: €-8k

2021 → 2024

Working capital

€26k▲ 146%

2023 · €10k

2021: €3k 2022: €19k 2023: €10k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€10k-€24k▲ 151%€16k▼ 33.4%€26k▲ 62.9%

Operating result€7k-€21k▲ 189%€-7k€14k

Net result€5k-€15k▲ 184%€-8k€10k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €14k after a loss of €7k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €87k

97.3%

Fixed assets €2k ▼ 70.5%

Current assets €84k ▲ 70.7%

Equity and liabilities €87k

29.8%

70.2%

Equity €26k ▲ 62.9%

Debt €61k ▲ 46.3%

Debt's share of the balance-sheet total falls from 72.4% to 70.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▲

2023 · €-510

Cash flow

€16k▲

2023 · €-2k

Current ratio

1.44▲

2023 · 1.27

Quick ratio

1.27▲

2023 · 1.00

Debt to equity

2.35▼

2023 · 2.62

ROE

38.6%▲

2023 · -50.1%

ROA

11.5%▲

2023 · -13.8%

Interest coverage

6.58▲

2023 · -0.61

Debt ≤ 1 year

€59k▲

2023 · €39k

Debt > 1 year

€0▼

2023 · €3k

Income taxes

€1k▲

2023 · €-12

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines

Balance sheet Code20232024

Assets

Total assets20/58€58k€87k▲

Fixed assets21/28€8k€2k▼

Tangible fixed assets22/27€8k€2k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€6k€1k▼

Current assets29/58€50k€84k▲

Stocks and contracts in progress3€10k€10k▼

Stocks30/36€10k€10k▼

Amounts receivable within one year40/41€7k€39k▲

Trade receivables40€4k€38k▲

Other amounts receivable41€3k€1k▼

Cash at bank and in hand54/58€30k€32k▲

Deferred charges and accrued income490/1€2k€4k▲

Equity and liabilities

Total equity and liabilities10/49€58k€87k▲

Equity10/15€16k€26k▲

Contributions10/11€5k€5k=

Reserves13€11k€21k▲

Distributable reserves133€11k€21k▲

Profit (loss) carried forward14€0-

Amounts payable17/49€42k€61k▲

Amounts payable after more than one year17€3k€0▼

Financial debts170/4€3k€0▼

Amounts payable within one year42/48€39k€59k▲

Current portion of amounts payable after more than one year42€5k€3k▼

Trade debts44€7k€23k▲

Suppliers440/4€7k€23k▲

Taxes, remuneration and social security45€0€1k▲

Taxes450/3€0€1k▲

Other amounts payable47/48€28k€32k▲

Accrued charges and deferred income492/3€0€2k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼

Other operating charges640/8€440€579▲

Gross operating margin9900€-70€20k▲

Operating profit (loss)9901€-7k€14k▲

Financial income75/76B€25€10▼

Recurring financial income75€25€10▼

Financial charges65/66B€1k€3k▲

Recurring financial charges65€832€3k▲

Non-recurring financial charges66B€630€0▼

Profit (loss) for the period before taxes9903€-8k€11k▲

Income taxes67/77€-12€1k▲

Profit (loss) for the period9904€-8k€10k▲

Profit (loss) for the period to be appropriated9905€-8k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-8k€10k▲

Transfer from equity791/2€8k€0▼

Transfer to equity691/2€0€10k▲

To other reserves6921€0€10k▲

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

09-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €10k

Net result €10k after one loss-making year.

13-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-8k ▼153%

Net result drops to €-8k, the lowest in the series; recovery starts the following year.

03-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €15k ▲184%

Operating result €21k, net result €15k, both a record.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Zonnebeke · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Zillebekestraat 248980 Zonnebeke

Ground area

946 m²

Building footprint

170 m²

Volume, LiDAR

629 m³

Parcel 33035A0127/00L000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

VDHOUT

Zillebekestraat 24, 8980 ZonnebekeManufacture of other builders' carpentry and joinery

since 20212.315.241.629

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33035A0127/00L000	Flanders	946 m²	1 · 170 m²	8.4 m · 1 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

Schrijnwerkerij Walschaerts

BE 1017.064.794

Zaventem · Eq €25,930

Menuiserie Ebénisterie Hankard Dimitri

BE 0883.682.074

Messancy · Eq €25,958

Schrijnwerkerij De Kimpe

Anderlecht · Eq €25,896

Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-03-2021

Fiscal year end31-12

Activities, NACEBEL 2025

43320Joinery installation

16230Manufacture of other builders' carpentry and joinery

43410Roofing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

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