VDK
ActiveSummary
The computed 12-month bankruptcy probability of VDK is 2.6% (moderate). The 2025 annual accounts show negative equity (-€8,128) and a net result of €1,387. Equity is shrinking by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 976 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+71
Solvency0▼-94
Growth32=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 2.79 in 2024; short-term debt: 154.2% and cash: 5.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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 2025Solvency, return and age of the figures
Solvency
-54.2%
Return on assets
9.2%
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 8% of 976 sector peers (2025).
NBB · sector comparisonPosition among 976 sector peers
Solvency
better than 8%
← 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 12-06-2026, 49 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
49 d early
2024
17 d early
2023
29 d late
2022
29 d late
2021
4 d late
2020
50 d early
2019
on the day
← 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 8 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€6,130
EBIT margin
25.6%
Net result
€1,387
2024 · -€9,372
Working capital
-€9,260
2024 · €9,269
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line20212022202320242025
Turnover€6,130
Operating result€5,210▼ 72.8%-€26,989-€1,493▲ 94.5%-€9,135▼ 512%€1,567
Net result€4,073within the sector's middle half▼ 70.4%-€27,310below the sector's middle half-€1,836below the sector's middle half▲ 93.3%-€9,372below the sector's middle half▼ 410%€1,387within the sector's middle half
EBIT margin25.6%
Equity€50,214within the sector's middle half▲ 8.8%€22,904within the sector's middle half▼ 54.4%€21,068within the sector's middle half▼ 8.0%€11,696within the sector's middle half▼ 44.5%-€8,128below the sector's middle half
Total assets€59,891below the sector's middle half▼ 10.8%€25,067below the sector's middle half▼ 58.1%€24,342below the sector's middle half▼ 2.9%€16,866below the sector's middle half▼ 30.7%€15,007below the sector's middle half▼ 11.0%
Debt€9,677▼ 53.9%€2,163▼ 77.6%€3,274▲ 51.4%€5,170▲ 57.9%€23,135▲ 348%
Working capital€48,309within the sector's middle half▲ 9.2%€21,404within the sector's middle half▼ 55.7%€17,346within the sector's middle half▼ 19.0%€9,269within the sector's middle half▼ 46.6%-€9,260within the sector's middle half
Solvency83.8%above the sector's middle half▲ 15.1pp91.4%above the sector's middle half▲ 7.5pp86.5%above the sector's middle half▼ 4.8pp69.3%within the sector's middle half▼ 17.2pp-54.2%below the sector's middle half▼ 123.5pp
Current ratio5.99above the sector's middle half▲ 2.8810.89above the sector's middle half▲ 4.906.30above the sector's middle half▼ 4.602.79within the sector's middle half▼ 3.500.60below the sector's middle half▼ 2.19
Return on assets (ROA)6.8%within the sector's middle half▼ 13.7pp-108.9%below the sector's middle half▼ 115.8pp-7.5%below the sector's middle half▲ 101.4pp-55.6%below the sector's middle half▼ 48.0pp9.2%within the sector's middle half▲ 64.8pp
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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 returns to profit in 2025: €1,567 after a loss of €9,135 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15,007
Fixed assets
€1,132 ▼ 53.4%
Current assets
€13,875 ▼ 3.9%
Key figures and ratios
EBITDA
€2,862▲
2024 · -€7,840
Cash flow
€2,682▲
2024 · -€8,077
Debt to equity
-2.85▼
2024 · 0.44
Interest coverage
3.23▲
2024 · -7.20
Debt ≤ 1 year
€23,135▲
2024 · €5,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,178 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €6,130 | - |
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €3,082 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €163 | €1,295 | €1,295 | = |
| Other operating charges640/8 | €449 | €7,098 | €523 | €568 | €186 | ▼ 67.3% |
| Gross operating margin9900 | €5,658 | -€19,891 | -€806 | -€7,271 | €3,048 | ▲ 142% |
| Operating profit (loss)9901 | €5,210 | -€26,989 | -€1,493 | -€9,135 | €1,567 | ▲ 117% |
| Financial income75/76B | €536 | - | - | €851 | €706 | ▼ 17.1% |
| Recurring financial income75 | €536 | - | - | €851 | €706 | ▼ 17.1% |
| Financial charges65/66B | €145 | €321 | €343 | €1,088 | €886 | ▼ 18.6% |
| Recurring financial charges65 | €145 | €321 | €343 | €1,088 | €886 | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €5,601 | -€27,310 | -€1,836 | -€9,372 | €1,387 | ▲ 115% |
| Income taxes67/77 | €1,527 | - | - | - | - | - |
| Profit (loss) for the period9904 | €4,073 | -€27,310 | -€1,836 | -€9,372 | €1,387 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €4,073 | -€27,310 | -€1,836 | -€9,372 | €1,387 | ▲ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,891 | €25,067 | €24,342 | €16,866 | €15,007 | ▼ 11.0% |
| Fixed assets21/28 | €1,905 | €1,500 | €3,722 | €2,427 | €1,132 | ▼ 53.4% |
| Tangible fixed assets22/27 | - | - | €3,722 | €2,427 | €1,132 | ▼ 53.4% |
| Plant, machinery and equipment23 | - | - | €3,722 | €2,427 | €1,132 | ▼ 53.4% |
| Financial fixed assets28 | €1,905 | €1,500 | - | - | - | - |
| Current assets29/58 | €57,986 | €23,567 | €20,620 | €14,439 | €13,875 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €19,258 | €41 | €15,310 | €12,809 | €13,087 | ▲ 2.2% |
| Trade receivables40 | €19,258 | - | €710 | €0 | - | - |
| Other amounts receivable41 | - | €41 | €14,600 | €12,809 | €13,087 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €38,728 | €23,526 | €5,311 | €1,630 | €788 | ▼ 51.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,891 | €25,067 | €24,342 | €16,866 | €15,007 | ▼ 11.0% |
| Equity10/15 | €50,214 | €22,904 | €21,068 | €11,696 | -€8,128 | ▼ 169% |
| Contributions10/11 | €9,300 | €9,300 | €9,300 | €9,300 | €9,300 | = |
| Reserves13 | €40,914 | €40,914 | €40,914 | €40,914 | €19,703 | ▼ 51.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €39,054 | €39,054 | €40,914 | €40,914 | €19,703 | ▼ 51.8% |
| Profit (loss) carried forward14 | - | -€27,310 | -€29,146 | -€38,518 | -€37,131 | ▲ 3.6% |
| Amounts payable17/49 | €9,677 | €2,163 | €3,274 | €5,170 | €23,135 | ▲ 348% |
| Amounts payable within one year42/48 | €9,677 | €2,163 | €3,274 | €5,170 | €23,135 | ▲ 348% |
| Trade debts44 | €2 | - | €2,273 | €61 | €1,924 | ▲ 3,079% |
| Suppliers440/4 | €2 | - | €2,273 | €61 | €1,924 | ▲ 3,079% |
| Taxes, remuneration and social security45 | €8,097 | - | €1,002 | €0 | €1,061 | - |
| Taxes450/3 | €8,097 | - | €1,002 | €0 | €1,061 | - |
| Other amounts payable47/48 | €1,578 | €2,163 | - | €5,109 | €20,151 | ▲ 294% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,073 | -€27,310 | -€1,836 | -€9,372 | €1,387 | ▲ 115% |
| + Depreciation and write-downs630 | - | - | €163 | €1,295 | €1,295 | = |
| Operating cash flow (approximation) | €4,073 | -€27,310 | -€1,673 | -€8,077 | €2,682 | ▲ 133% |
| Investment in fixed assets (approximation) | - | €405 | -€2,385 | €0 | €0 | - |
| Change in cash | - | -€15,202 | -€18,215 | -€3,681 | -€842 | ▲ 77.1% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1,387
Net result €1,387 after 3 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€27,310
Net result drops to -€27,310, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Putte · 1 establishment unit since 2019
Ground area
563 m²
Building footprint
95 m²
Volume, LiDAR
123 m³
Parcel 12029B0579/00H000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bredestraat 110, 2580 Putte
since 20192.286.475.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029B0579/00H000 | Flanders | 563 m² | 1 · 95 m² | 9.4 m · 1 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 1,725 companies in sector 52210 we hold annual accounts for 774. 350 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
Founded19-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
52210Service activities incidental to land transportation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0720918153
Also
9925:BE0720918153
Registered
18-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.