VDK CHASSIS
ActiveSummary
VDK CHASSIS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €112k and a net result of €64k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency89▼-1
Growth68=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.1 in 2023; short-term debt: 35.6% and cash: 32.8% of total assets), and 35.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €112k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
23 d late
2022
25 d late
2021
4 d late
2020
23 d late
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€293k▲ 4.7%
2021 · €280k
2021: €280k
2022: €293k▲ +4.7% vs 2021
2021 → 2022
EBIT margin
6.9%▲ 1.9pp
2021 · 5.0%
2021: 5.0%
2022: 6.9%▲ +39.2% vs 2021
2021 → 2022
Net result
€64k▲ 62.1%
2023 · €40k
2018: €3k
2019: €570▼ -81.9% vs 2018lowest in 7 years
2020: €1k▲ +158% vs 2019
2021: €11k▲ +679% vs 2020
2022: €16k▲ +40.0% vs 2021
2023: €40k▲ +147% vs 2022
2024: €64k▲ +62.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€26k▼ 48.6%
2023 · €50k
2018: €31k
2019: €34k▲ +8.6% vs 2018
2020: €26k▼ -22.6% vs 2019
2021: €27k▲ +3.2% vs 2020
2022: €26k▼ -5.9% vs 2021lowest in 7 years
2023: €50k▲ +94.6% vs 2022highest in 7 years
2024: €26k▼ -48.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€280k€293k▲ 4.7%
2021: €280k
2022: €293k▲ +4.7% vs 2021
Equity€27k-€29k▲ 5.3%€31k▲ 6.1%€83k▲ 170%€112k▲ 35.0%
2020: €27klowest in 5 years
2021: €29k▲ +5.3% vs 2020
2022: €31k▲ +6.1% vs 2021
2023: €83k▲ +170% vs 2022
2024: €112k▲ +35.0% vs 2023highest in 5 years
Operating result€2k-€14k▲ 813%€20k▲ 45.7%€52k▲ 158%€81k▲ 54.4%
2020: €2klowest in 5 years
2021: €14k▲ +813% vs 2020
2022: €20k▲ +45.7% vs 2021
2023: €52k▲ +158% vs 2022
2024: €81k▲ +54.4% vs 2023highest in 5 years
Net result€1k-€11k▲ 679%€16k▲ 40.0%€40k▲ 147%€64k▲ 62.1%
2020: €1klowest in 5 years
2021: €11k▲ +679% vs 2020
2022: €16k▲ +40.0% vs 2021
2023: €40k▲ +147% vs 2022
2024: €64k▲ +62.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 54% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€86k ▲ 163%
Current assets
€87k ▼ 8.4%
Equity and liabilities €173k
Equity
€112k ▲ 35.0%
Debt
€62k ▲ 35.8%
Debt's share of the balance-sheet total rises from 35.4% to 35.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91k▲
2023 · €56k
Cash flow
€75k▲
2023 · €43k
Current ratio
1.42▼
2023 · 2.10
Quick ratio
1.39▼
2023 · 2.08
Debt to equity
0.55▲
2023 · 0.55
ROE
57.6%▲
2023 · 48.0%
ROA
37.1%▲
2023 · 31.0%
Interest coverage
691.47▲
2023 · 349.74
Debt ≤ 1 year
€62k▲
2023 · €45k
Income taxes
€17k▲
2023 · €13k
Staff costs
€1k▼
2023 · €12k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€173k▲
Fixed assets21/28€33k€86k▲
Tangible fixed assets22/27€33k€86k▲
Land and buildings22€16k€17k▲
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€5k€59k▲
Current assets29/58€95k€87k▼
Stocks and contracts in progress3€921€2k▲
Stocks30/36€921€2k▲
Amounts receivable within one year40/41€23k€26k▲
Trade receivables40€11k€20k▲
Other amounts receivable41€12k€6k▼
Cash at bank and in hand54/58€71k€57k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€128k€173k▲
Equity10/15€83k€112k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€62k€91k▲
Amounts payable17/49€45k€62k▲
Amounts payable within one year42/48€45k€62k▲
Trade debts44€4k€816▼
Suppliers440/4€4k€816▼
Advances received on contracts in progress46€32k€15k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€9k€9k▼
Other amounts payable47/48-€37k
Income statement
Code20232024
Remuneration, social security and pensions62€12k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€11k▲
Other operating charges640/8€962€1k▲
Gross operating margin9900€69k€94k▲
Operating profit (loss)9901€52k€81k▲
Financial income75/76B€368€655▲
Recurring financial income75€368€655▲
Financial charges65/66B€159€132▼
Recurring financial charges65€159€132▼
Profit (loss) for the period before taxes9903€52k€81k▲
Income taxes67/77€13k€17k▲
Profit (loss) for the period9904€40k€64k▲
Profit (loss) for the period to be appropriated9905€40k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€126k▲
Profit (loss) brought forward from the previous period14P€23k€62k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €280k | €293k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €243k | €268k | - | - | - |
| Remuneration, social security and pensions62 | - | €13k | €4k | €12k | €1k | ▼ 90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €820 | €579 | €926 | €3k | €11k | ▲ 221% |
| Other operating charges640/8 | - | €1k | €712 | €962 | €1k | ▲ 29.0% |
| Gross operating margin9900 | €10k | €28k | €25k | €69k | €94k | ▲ 36.1% |
| Operating profit (loss)9901 | €2k | €14k | €20k | €52k | €81k | ▲ 54.4% |
| Financial income75/76B | - | €39 | €209 | €368 | €655 | ▲ 78.2% |
| Recurring financial income75 | €7 | €39 | €209 | €368 | €655 | ▲ 78.2% |
| Financial charges65/66B | - | €202 | €98 | €159 | €132 | ▼ 16.9% |
| Recurring financial charges65 | €57 | €202 | €98 | €159 | €132 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €1k | €14k | €20k | €52k | €81k | ▲ 54.7% |
| Income taxes67/77 | - | €2k | €4k | €13k | €17k | ▲ 31.9% |
| Profit (loss) for the period9904 | €1k | €11k | €16k | €40k | €64k | ▲ 62.1% |
| Profit (loss) for the period to be appropriated9905 | €1k | €11k | €16k | €40k | €64k | ▲ 62.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €62k | €69k | €128k | €173k | ▲ 35.3% |
| Fixed assets21/28 | €968 | €2k | €5k | €33k | €86k | ▲ 163% |
| Tangible fixed assets22/27 | €968 | €2k | €5k | €33k | €86k | ▲ 163% |
| Land and buildings22 | - | - | - | €16k | €17k | ▲ 10.2% |
| Plant, machinery and equipment23 | - | €583 | €274 | €12k | €10k | ▼ 21.8% |
| Furniture and vehicles24 | - | €988 | €5k | €5k | €59k | ▲ 1,113% |
| Current assets29/58 | €65k | €60k | €64k | €95k | €87k | ▼ 8.4% |
| Stocks and contracts in progress3 | - | €721 | €1k | €921 | €2k | ▲ 115% |
| Stocks30/36 | - | €721 | €1k | €921 | €2k | ▲ 115% |
| Amounts receivable within one year40/41 | €4k | €9k | €7k | €23k | €26k | ▲ 13.7% |
| Trade receivables40 | - | €8k | €4k | €11k | €20k | ▲ 93.6% |
| Other amounts receivable41 | - | €315 | €3k | €12k | €6k | ▼ 54.0% |
| Cash at bank and in hand54/58 | €61k | €51k | €56k | €71k | €57k | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €62k | €69k | €128k | €173k | ▲ 35.3% |
| Equity10/15 | €27k | €29k | €31k | €83k | €112k | ▲ 35.0% |
| Contributions10/11 | - | €6k | €6k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €20k | €21k | €23k | €62k | €91k | ▲ 46.6% |
| Amounts payable17/49 | €39k | €33k | €38k | €45k | €62k | ▲ 35.8% |
| Amounts payable within one year42/48 | €39k | €33k | €38k | €45k | €62k | ▲ 35.8% |
| Trade debts44 | €389 | €1k | €2k | €4k | €816 | ▼ 80.9% |
| Suppliers440/4 | - | €1k | €2k | €4k | €816 | ▼ 80.9% |
| Advances received on contracts in progress46 | - | €15k | €10k | €32k | €15k | ▼ 52.7% |
| Taxes, remuneration and social security45 | - | €7k | €13k | €9k | €9k | ▼ 0.5% |
| Taxes450/3 | - | €7k | €12k | €9k | €9k | ▼ 0.5% |
| Remuneration and social security454/9 | - | - | €1k | - | - | - |
| Other amounts payable47/48 | - | €10k | €14k | - | €37k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €11k | €16k | €40k | €64k | ▲ 62.1% |
| + Depreciation and write-downs630 | €820 | €579 | €926 | €3k | €11k | ▲ 221% |
| Operating cash flow (approximation) | €2k | €12k | €17k | €43k | €75k | ▲ 74.4% |
| Investment in fixed assets (approximation) | - | €-1k | €-4k | €-31k | €-64k | ▼ 106% |
| Change in cash | - | €-10k | €5k | €16k | €-15k | ▼ 192% |
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
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €64k ▲62.1%
Operating result €81k, net result €64k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲35%
7 profitable years in a row build equity to €112k.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €570 ▼81.9%
Net result drops to €570, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Braives · 1 establishment unit since 2014
Ground area
2,795 m²
Building footprint
151 m²
Volume, LiDAR
1,013 m³
Parcel 64017A0386/00D000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDK CHASSIS
since 20142.226.770.107
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64017A0386/00D000 | Wallonia | 2,795 m² | 1 · 151 m² | 9.7 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 1,599 companies in sector 16230 we hold annual accounts for 784. 632 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
Founded04-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
16230Manufacture of other builders' carpentry and joinery
43230Insulation installation
Contact
Website
www.vdkchassis.com
E-mail
info@vdkchassis.com
Scores and ratios are computed by Checked and are not a credit decision.