VDK Expertises
ActiveSummary
VDK Expertises has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€206,617) and a net result of -€4,283. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+20
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.22 in 2024; short-term debt: 442.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-342.9%
Return on assets
-7.1%
Age of the figures
9 mo
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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€206,617
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
21 d late
2023
29 d late
2022
86 d late
2021
78 d late
2020
88 d late
2019
117 d late
← 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 63 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 30 August (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€36,809▼ 71.2%
2022 · €127,984
EBIT margin
-94.3%▼ 122.2pp
2022 · 27.9%
Net result
-€4,283▲ 85.7%
2024 · -€29,985
Working capital
-€216,825▼ 2.0%
2024 · -€212,542
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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€65,494€127,984▲ 95.4%€36,809▼ 71.2%
Operating result-€3,437▼ 619%€35,644-€34,727-€29,868▲ 14.0%-€4,283▲ 85.7%
Net result-€3,099within the sector's middle half€34,916above the sector's middle half-€37,808below the sector's middle half-€29,985below the sector's middle half▲ 20.7%-€4,283within the sector's middle half▲ 85.7%
EBIT margin-5.2%27.9%▲ 33.1pp-94.3%▼ 122.2pp
Equity-€169,639below the sector's middle half▼ 1.9%-€134,723below the sector's middle half▲ 20.6%-€172,349below the sector's middle half▼ 27.9%-€202,334below the sector's middle half▼ 17.4%-€206,617below the sector's middle half▼ 2.1%
Total assets€207,079within the sector's middle half▲ 53.3%€398,586within the sector's middle half▲ 92.5%€129,322within the sector's middle half▼ 67.6%€69,179within the sector's middle half▼ 46.5%€60,258below the sector's middle half▼ 12.9%
Debt€376,718▲ 24.9%€533,309▲ 41.6%€301,671▼ 43.4%€271,513▼ 10.0%€266,874▼ 1.7%
Working capital-€179,848below the sector's middle half▼ 0.6%-€144,932below the sector's middle half▲ 19.4%-€182,557below the sector's middle half▼ 26.0%-€212,542below the sector's middle half▼ 16.4%-€216,825below the sector's middle half▼ 2.0%
Solvency-81.9%below the sector's middle half▲ 41.4pp-33.8%below the sector's middle half▲ 48.1pp-133.3%below the sector's middle half▼ 99.5pp-292.5%below the sector's middle half▼ 159.2pp-342.9%below the sector's middle half▼ 50.4pp
Current ratio0.52within the sector's middle half▲ 0.120.73within the sector's middle half▲ 0.210.39below the sector's middle half▼ 0.330.22below the sector's middle half▼ 0.180.19below the sector's middle half▼ 0.03
Return on assets (ROA)-1.5%within the sector's middle half▼ 6.2pp8.8%within the sector's middle half▲ 10.3pp-29.2%below the sector's middle half▼ 38.0pp-43.3%below the sector's middle half▼ 14.1pp-7.1%below the sector's middle half▲ 36.2pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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 stays negative: a loss of €4,283 in 2025 against €29,868 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60,258
Fixed assets
€10,209 =
Current assets
€50,049 ▼ 15.1%
Key figures and ratios
Debt to equity
-1.29▲
2024 · -1.34
Debt ≤ 1 year
€266,874▼
2024 · €271,513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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 | €65,494 | €127,984 | €36,809 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €50,303 | €63,127 | €57,649 | - | - | - |
| Remuneration, social security and pensions62 | €16,628 | €29,213 | €13,826 | €24,367 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,000 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €60 | - | - | - |
| Gross operating margin9900 | €15,191 | €64,857 | -€20,841 | -€5,500 | -€4,283 | ▲ 22.1% |
| Operating profit (loss)9901 | -€3,437 | €35,644 | -€34,727 | -€29,868 | -€4,283 | ▲ 85.7% |
| Financial income75/76B | €338 | - | - | - | - | - |
| Recurring financial income75 | €338 | - | - | - | - | - |
| Financial charges65/66B | - | €728 | €3,081 | €118 | - | - |
| Recurring financial charges65 | - | €728 | €3,081 | €118 | - | - |
| Profit (loss) for the period before taxes9903 | -€3,099 | €34,916 | -€37,808 | -€29,985 | -€4,283 | ▲ 85.7% |
| Profit (loss) for the period9904 | -€3,099 | €34,916 | -€37,808 | -€29,985 | -€4,283 | ▲ 85.7% |
| Profit (loss) for the period to be appropriated9905 | -€3,099 | €34,916 | -€37,808 | -€29,985 | -€4,283 | ▲ 85.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,079 | €398,586 | €129,322 | €69,179 | €60,258 | ▼ 12.9% |
| Fixed assets21/28 | €10,209 | €10,209 | €10,209 | €10,209 | €10,209 | = |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €10,209 | €10,209 | €10,209 | €10,209 | €10,209 | = |
| Current assets29/58 | €196,870 | €388,377 | €119,113 | €58,971 | €50,049 | ▼ 15.1% |
| Amounts receivable within one year40/41 | €196,870 | €388,377 | €119,113 | €58,971 | €50,049 | ▼ 15.1% |
| Trade receivables40 | €37,252 | €90,542 | €119,113 | €461 | €461 | = |
| Other amounts receivable41 | €159,618 | €297,835 | - | €58,509 | €49,587 | ▼ 15.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,079 | €398,586 | €129,322 | €69,179 | €60,258 | ▼ 12.9% |
| Equity10/15 | -€169,639 | -€134,723 | -€172,349 | -€202,334 | -€206,617 | ▼ 2.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €297 | €297 | €297 | €297 | €297 | = |
| Non-distributable reserves130/1 | €297 | €297 | €297 | €297 | €297 | = |
| Legal reserve130 | €297 | €297 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €297 | €297 | €297 | = |
| Profit (loss) carried forward14 | -€188,528 | -€153,612 | -€191,238 | -€221,223 | -€225,506 | ▼ 1.9% |
| Amounts payable17/49 | €376,718 | €533,309 | €301,671 | €271,513 | €266,874 | ▼ 1.7% |
| Amounts payable within one year42/48 | €376,718 | €533,309 | €301,671 | €271,513 | €266,874 | ▼ 1.7% |
| Financial debts43 | €3,823 | €4,833 | €581 | €942 | €942 | = |
| Credit institutions430/8 | €3,823 | €4,833 | €581 | €942 | €942 | = |
| Trade debts44 | €23,303 | €26,097 | €32,549 | €4,603 | €9,595 | ▲ 108% |
| Suppliers440/4 | €23,303 | €26,097 | €32,549 | €4,603 | €9,595 | ▲ 108% |
| Advances received on contracts in progress46 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Taxes, remuneration and social security45 | €10,702 | €13,991 | €10,848 | €9,631 | - | - |
| Taxes450/3 | €10,289 | €13,039 | €10,848 | €9,631 | - | - |
| Remuneration and social security454/9 | €413 | €952 | - | - | - | - |
| Other amounts payable47/48 | €323,890 | €473,388 | €242,693 | €241,338 | €241,338 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,099 | €34,916 | -€37,808 | -€29,985 | -€4,283 | ▲ 85.7% |
| + Depreciation and write-downs630 | €2,000 | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,099 | €34,916 | -€37,808 | -€29,985 | -€4,283 | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
31-12
Financial
Back to profitnet €34,916
Net result €34,916 after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Back to profitnet €6,304
Net result €6,304 after one loss-making year.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Weakest financial yearnet -€52,783
Net result drops to -€52,783, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Tubize · 1 establishment unit since 2015
Ground area
1,585 m²
Building footprint
191 m²
Volume, LiDAR
1,721 m³
2 parcels, Wallonia · tallest building 12.3 m, ±4 floors. Linked by address, not a title deed.
61
companies at this address
See who is registered here
1 establishment unit
VDK
since 20152.242.261.797
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105C0006/00Z000 | Wallonia | 1,453 m² | 1 · 137 m² | 10.3 m · 3 fl. |
| 51004D0335/00A000 | Wallonia | 131 m² | 1 · 54 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAth2.242.261.797
Similar companies · same sector and region
A.C. Feesten
BE 1021.257.273
Kapelle-op-den-Bos
BAKHTI BELGIUM
BE 0787.303.171
Koekelberg
BSL events
BE 0669.975.337
Chaumont-Gistoux
C & T BELGIUM
BE 0472.879.354
Pajottegem
CHAIMAE EVENTS
BE 0772.839.481
Lennik
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 174 companies in sector 77224 we hold annual accounts for 41. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-05-1999
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
77224Rental and leasing activities
82300Organisation of conventions and trade shows
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.