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VDHS

Active
Private limited companyfounded 2024active for 2 yearsKwaadstraat 47, 9572 Lierde, BelgiumKBO/BCE: BE 1010.639.238
Summary

VDHS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,027 and a net result of €51,886. Its solvency ranks better than 68% of 15,784 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 21-06-2024 Normal situation
Activity
Activities of lawyers NACE 69101
Establishment unit
2.361.156.677 9550 Herzele, since 21-06-2024
Financial year end
30 June
Peppol
Reachable since 01-12-2025

Board and ownership

Board

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-06-2025
Gross margin
€69,352
Turnover
≈ €160,000
estimated
Profit
€51,886
Equity
€56,027
Total assets
€77,552
Score breakdownraises riskFounded in 2024Size: total assets €77,552lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 3.06, cash €9,366Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 63% of micro companies in legal and accounting (NACE 69)
Financial strength
Strong
Solvency 97
equity 72.2% of total assets
Liquidity 54
short-term debt 27.2% · cash 12.1%
Profitability 100
return on assets 66.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,087 companies, NACE 69, micro)
Last 24 months 07-2025: 0.3% 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025highest value 10-2025: 0.1%▼ -0.2 percentage points vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.06, above the usual 1.5. Short-term debt is 27.2% and cash 12.1% of total assets. 27.8% of the assets are financed with debt and provisions.
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 69, micro). It does better than 70% of them on solvency, 38% on liquidity and 82% on profitability.

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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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €77,552
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.06, cash €9,366
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-09-2025, 138 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
138 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 15-09-2025 at the NBB

Turnover
≈ €160,000
Estimated: probably between €120,000 and €210,000
Total assets
€77,552
Net result
€51,886
Working capital
€43,563

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €77,552
Fixed assets €12,884
Current assets €64,668
Equity and liabilities €77,552
Equity €56,027
Debt €21,525
Debt's share of the balance-sheet total is 27.8%.
Key figures and ratios
2025 value
EBITDA
€68,555
Cash flow
€54,197
Current ratio
3.06
Debt to equity
0.38
ROE
92.6%
ROA
66.9%
Interest coverage
over 100
Debt ≤ 1 year
€21,105
Income taxes
€13,939

Investments

fixed assets acquired
Item30-06-2025
Tangible fixed assets€12,195
Intangible fixed assets€3,000
Depreciation and write-downs of the year€2,311

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€77,552
Fixed assets21/28€12,884
Intangible fixed assets21€2,747
Tangible fixed assets22/27€10,137
Furniture and vehicles24€10,137
Current assets29/58€64,668
Amounts receivable within one year40/41€10,959
Trade receivables40€7,327
Other amounts receivable41€3,632
Current investments50/53€43,519
Cash at bank and in hand54/58€9,366
Deferred charges and accrued income490/1€825
Equity and liabilities
Total equity and liabilities10/49€77,552
Equity10/15€56,027
Contributions10/11€5,000
Profit (loss) carried forward14€51,027
Amounts payable17/49€21,525
Amounts payable within one year42/48€21,105
Trade debts44€878
Suppliers440/4€878
Taxes, remuneration and social security45€4,097
Taxes450/3€4,097
Other amounts payable47/48€16,130
Accrued charges and deferred income492/3€420
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,311
Other operating charges640/8€796
Gross operating margin9900€69,352
Operating profit (loss)9901€66,244
Financial income75/76B€111
Recurring financial income75€111
Financial charges65/66B€531
Recurring financial charges65€531
Profit (loss) for the period before taxes9903€65,825
Income taxes67/77€13,939
Profit (loss) for the period9904€51,886
Profit (loss) for the period to be appropriated9905€51,886
Appropriation of the result
Profit (loss) to be appropriated9906€51,886
Profit to be distributed694/7€859
Return on contributions (dividend)694€859

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-09-2025.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,311
Other operating charges640/8€796
Gross operating margin9900€69,352
Operating profit (loss)9901€66,244
Financial income75/76B€111
Recurring financial income75€111
Financial charges65/66B€531
Recurring financial charges65€531
Profit (loss) for the period before taxes9903€65,825
Income taxes67/77€13,939
Profit (loss) for the period9904€51,886
Profit (loss) for the period to be appropriated9905€51,886
Line2025
Assets
Total assets20/58€77,552
Fixed assets21/28€12,884
Intangible fixed assets21€2,747
Tangible fixed assets22/27€10,137
Furniture and vehicles24€10,137
Current assets29/58€64,668
Amounts receivable within one year40/41€10,959
Trade receivables40€7,327
Other amounts receivable41€3,632
Current investments50/53€43,519
Cash at bank and in hand54/58€9,366
Deferred charges and accrued income490/1€825
Equity and liabilities
Total equity and liabilities10/49€77,552
Equity10/15€56,027
Contributions10/11€5,000
Profit (loss) carried forward14€51,027
Amounts payable17/49€21,525
Amounts payable within one year42/48€21,105
Trade debts44€878
Suppliers440/4€878
Taxes, remuneration and social security45€4,097
Taxes450/3€4,097
Other amounts payable47/48€16,130
Accrued charges and deferred income492/3€420
Line2025
Profit (loss) for the period9904€51,886
+ Depreciation and write-downs630€2,311
Operating cash flow (approximation)€54,197

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as VDHS has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of VDHS itself is lower: 0.1% within 12 months. It rests on far more data about VDHS than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for VDHS. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-06-2025 micro format 15-09-2025 2025-00492782 PDF

Board & ownership

Directors

Directors
1 director, no change since 2024
VAN DER HEYDEN Sarah
Director · since 21-06-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 15-09-2025
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
The sole director
deed of 25-06-2024

Owners and capital

Shareholders

At incorporation act of 25-06-2024 ↗

Capital transactions

Capital over time
  1. 25-06-2024 Incorporation · €5,000 · 100 shares

Articles of association

Board and representation

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Te bepalen door algemene vergadering, 1”

Capital, shares and profit

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Pas na verificatie deontologische verplichtingen en toestemming Stafhouder, van rechtswege ontbonden”

Audit, dissolution and liquidation

Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Artikel 8 en ontbinding en vereffening in één akte, besluit algemene vergadering in vormen statutenwijziging”

Articles of association, deed of 25-06-2024 (in Dutch)

Network & group

VDHS shares no director with another company.

Companies at the same address

1 other company

Connections & network

1 current director
Depth

The network starts from the directors of VDHS. Every other company they run is a node.

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

Timeline

Acts, filings and financial milestones

2025
15-09
NBB filing Annual accounts 2025 filedNBB
micro format · 138 days before the deadline
2024
25-06
Gazette deed Incorporation
Starting capital €5,000 · Appointment: VAN DER HEYDEN Sarah (director) · Founder12 points ▸
  • Founder, VAN DER HEYDEN Sarah
  • Incorporation, “VDHS” (deed in Dutch)
  • Founding capital, €5,000
  • Bank account, 20-06-2024
  • Capital
  • Other provision, “slot- en overgangsbepalingen, eenparig door comparant” (deed in Dutch)
  • Pre-incorporation commitments, ratification, “alle verrichtingen namens haar aangegaan door oprichter” (deed in Dutch)
  • Registered office clause, “9572 Lierde (Sint-Martens-Lierde), Kwaadstraat 47” (deed in Dutch)
  • Board rule, 1
  • Director appointment, VAN DER HEYDEN Sarah (director)
  • Other provision, “geen strafrechtelijk of burgerrechtelijk bestuursverbod onderneming uitbaten of functie bestuurder commissaris zaakvoerder persoonlijk of via tussenpersoon, gee…” (deed in Dutch)
  • Other provision, “none, website en e-mailadres” (deed in Dutch)

Open the act in the Belgian Official Gazette

Gazette deedNBB filing

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

Company details

Register details

Identity

KBO record
Name VDHS in Dutch
Enterprise number 1010.639.238
Legal form Private limited company
Status Active, normale toestand
Founded 21-06-2024
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-06-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, enige bestuurder kan overal bijkantoren oprichten België en buitenland”
deed of 25-06-2024 (in Dutch)

Registered office and establishments

Registered office Kwaadstraat 47, 9572 Lierde, Belgium
Establishment unit VDHS, Kerkstraat 2, 9550 Herzele since 21-06-2024 · unit number 2.361.156.677

Activities

NACEBEL 2025
69101 Activities of lawyers main activity
Codes under NACEBEL 2008
69101 Activities of lawyers main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van Advocaten van Oudenaarde op de lijst…”
4 activities
  1. Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van Advocaten van Oudenaarde op de lijst van de stagiairs, op de EU-lijst of op de B-lijst voor zover van toepassing, en alle andere activiteiten die verenigbaar zijn met het beroep van advocaat, voor zover toegelaten door de deontologische beginselen, de Codex Deontologie voor Advocaten en de reglementen van de Orden van Advocaten waarvan de aandeelhouder-bestuurder deel van uitmaakt. Dit alles beperkt tot de enige vennoot-bestuurder
  2. Deelnemen in associaties of vennootschappen die hetzelfde voorwerp nastreven
  3. Alle roerende, onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die kunnen bijdragen tot de ontwikkeling ervan, hetzij alleen, hetzij met anderen, rechtstreeks of onrechtstreeks, voor haar rekening of voor rekening van derden
  4. Haar geldmiddelen beleggen in roerende of onroerende goederen, met uitsluiting van iedere activiteit die onverenigbaar is met het beroep van advocaat
deed of 25-06-2024 (in Dutch)

Invoicing and payment

VAT number BE 1010.639.238
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1010639238
Other Peppol ID 9925:BE1010639238
Registered 01-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 3 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
25 November at 19:00
deed of 25-06-2024 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Buildings and parcels at the addresses

Ground area
3,776 m²
Building footprint
222 m²
Building volume
197 m³
Tallest building: 6.3 m.
Cadastral parcel Region Area Buildings Height / floors
45051A0425/00V000 Flanders 3,559 m² 1 · 188 m² 0.1 m
41027A0871/00D000 Flanders 217 m² 1 · 33 m² 6.3 m · 2