VDK Electronics
Open bankruptcyA bankruptcy procedure is open for VDK Electronics according to publications in the Belgian State Gazette; curator: DELPHINE CLOET.
Summary
The 2025 annual accounts show equity of €12k and a net result of €-6k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2023
30 d late
2022
35 d early
2021
22 d late
2020
293 d late
2019
108 d late
2018
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 72.2%
2023 · €45k
Total assets
€56k▼ 70.2%
2023 · €188k
Net result
€-6k
2023 · €25k
Working capital
€12k▼ 79.7%
2023 · €61k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€8k▼ 79.4%€-4k€34€28k▲ 83,488%€-3k-
Net result€9k▲ 158%€-3k€-2k▲ 34.2%€25k€-6k-
Equity€50k▲ 21.9%€47k▼ 5.9%€45k▼ 4.1%€45k=€12k-
Total assets€199k▲ 30.0%€142k▼ 28.9%€179k▲ 25.8%€188k▲ 5.2%€56k-
Debt€150k▲ 32.9%€95k▼ 36.5%€134k▲ 40.5%€143k▲ 6.9%€44k-
Working capital€31k▲ 127%€21k▼ 32.2%€57k▲ 177%€61k▲ 6.8%€12k-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-3k in 2025, compared with €28k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €56k
Equity
€12k ▼ 72.2%
Debt
€44k ▼ 69.6%
Debt's share of the balance-sheet total rises from 76.2% to 77.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.29▼
2023 · 1.53
Debt to equity
3.50▲
2023 · 3.19
ROE
-49.3%▼
2023 · 56.0%
ROA
-11.0%▼
2023 · 13.4%
Debt ≤ 1 year
€44k▼
2023 · €116k
Debt > 1 year
€0▼
2023 · €27k
Income taxes
€0▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €7k | €0 | - | - |
| Other operating charges640/8 | €797 | €886 | €676 | €2k | €5k | - |
| Gross operating margin9900 | €20k | €9k | €8k | €31k | €1k | - |
| Operating profit (loss)9901 | €8k | €-4k | €34 | €28k | €-3k | - |
| Financial income75/76B | €8k | €4k | €5k | €4k | €3k | - |
| Recurring financial income75 | €8k | €4k | €5k | €4k | €3k | - |
| Financial charges65/66B | €3k | €2k | €6k | €2k | €6k | - |
| Recurring financial charges65 | €3k | €2k | €6k | €2k | €6k | - |
| Profit (loss) for the period before taxes9903 | €13k | €-2k | €-1k | €31k | €-6k | - |
| Income taxes67/77 | €4k | €913 | €750 | €5k | €0 | - |
| Profit (loss) for the period9904 | €9k | €-3k | €-2k | €25k | €-6k | - |
| Profit (loss) for the period to be appropriated9905 | €9k | €-3k | €-2k | €25k | €-6k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199k | €142k | €179k | €188k | €56k | - |
| Fixed assets21/28 | €27k | €26k | €14k | €10k | €0 | - |
| Intangible fixed assets21 | €90 | €50 | €10 | €0 | - | - |
| Tangible fixed assets22/27 | €27k | €16k | €4k | €0 | - | - |
| Plant, machinery and equipment23 | €3k | €3k | €2k | €0 | - | - |
| Furniture and vehicles24 | €14k | €8k | €2k | €0 | - | - |
| Leasing and similar rights25 | €10k | €5k | €0 | - | - | - |
| Financial fixed assets28 | - | €10k | €10k | €10k | €0 | - |
| Current assets29/58 | €172k | €116k | €165k | €178k | €56k | - |
| Stocks and contracts in progress3 | €5k | €5k | €0 | - | - | - |
| Stocks30/36 | €5k | €5k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €151k | €111k | €156k | €178k | €56k | - |
| Trade receivables40 | €83k | €49k | €77k | €88k | €12k | - |
| Other amounts receivable41 | €68k | €62k | €79k | €90k | €44k | - |
| Cash at bank and in hand54/58 | €16k | €0 | €9k | €0 | - | - |
| Deferred charges and accrued income490/1 | €491 | €232 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199k | €142k | €179k | €188k | €56k | - |
| Equity10/15 | €50k | €47k | €45k | €45k | €12k | - |
| Contributions10/11 | €12k | €12k | €12k | €12k | €19k | - |
| Reserves13 | €37k | €34k | €32k | €32k | €0 | - |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €0 | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €0 | - |
| Distributable reserves133 | €35k | €32k | €31k | €31k | €0 | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €-6k | - |
| Amounts payable17/49 | €150k | €95k | €134k | €143k | €44k | - |
| Amounts payable after more than one year17 | €8k | €0 | €27k | €27k | €0 | - |
| Financial debts170/4 | €8k | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | €27k | €27k | €0 | - |
| Amounts payable within one year42/48 | €142k | €95k | €107k | €116k | €44k | - |
| Current portion of amounts payable after more than one year42 | €2k | €4k | €0 | - | - | - |
| Financial debts43 | - | €6k | €15k | €15k | €15k | - |
| Credit institutions430/8 | - | €6k | €15k | €15k | €15k | - |
| Trade debts44 | €104k | €0 | €9k | €12k | €0 | - |
| Suppliers440/4 | €104k | €0 | €9k | €12k | €0 | - |
| Advances received on contracts in progress46 | - | - | €3k | €0 | €28k | - |
| Taxes, remuneration and social security45 | €35k | €85k | €81k | €68k | €0 | - |
| Taxes450/3 | €4k | €18k | €13k | €20k | €0 | - |
| Remuneration and social security454/9 | €31k | €68k | €68k | €49k | €0 | - |
| Other amounts payable47/48 | - | - | - | €21k | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-3k | €-2k | €25k | €-6k | - |
| + Depreciation and write-downs630 | €12k | €12k | €7k | €0 | - | - |
| Operating cash flow (approximation) | €21k | €9k | €5k | €25k | €-6k | - |
| Investment in fixed assets (approximation) | - | €-11k | €5k | €4k | - | - |
| Change in cash | - | €-16k | €9k | €-9k | - | - |
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
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 04-10-2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 293 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anzegem · 1 establishment unit since 2018
Ground area
676 m²
Building footprint
174 m²
Volume, LiDAR
723 m³
Parcel 34038A0348/00S000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VDK Electronics
since 20182.275.299.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0348/00S000 | Flanders | 676 m² | 1 · 174 m² | 6.5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DELPHINE CLOET GUIDO GEZELLESTRAAT 10,
8790 WAREGEM |
04-10-2022 → present |
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 6,119 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
Founded17-04-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.