VDK-LB

Active

Private limited company (pre-2019)founded 20187 yrs activeDiestsesteenweg 656, 3202 Aarschot, BelgiumKBO/BCE: BE 0713.426.684

Summary

VDK-LB has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €44k. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare

VDK-LBActiveChecked score 65/100

Risk analysis Report Compare

Checked score

Score 2025

65 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability53▲+2

Solvency77▲+3

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €65k at 30 days acceptable

Liquidity short (current ratio 0.28 against 0.31 in 2024; short-term debt: 44.5% and cash: 10.4% of total assets), and 47.6% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

52.4%

Return on assets

2.2%

Age of the figures

18 mo

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

3 d early

2024

8 d late

2023

28 d late

2022

4 d early

2021

29 d late

2020

96 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

Companies Code · seven months

Position in the running window

31-03-2026 close25-09-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€1.04M▲ 4.4%

2024 · €992k

2020: €703klowest in 6 years 2021: €770k▲ +9.6% vs 2020 2022: €863k▲ +12.1% vs 2021 2023: €939k▲ +8.8% vs 2022 2024: €992k▲ +5.6% vs 2023 2025: €1.04M▲ +4.4% vs 2024highest in 6 years

2020 → 2025

Total assets

€1.98M▼ 2.2%

2024 · €2.02M

2020: €717klowest in 6 years 2021: €810k▲ +13.0% vs 2020 2022: €1.89M▲ +133% vs 2021 2023: €2.17M▲ +14.7% vs 2022highest in 6 years 2024: €2.02M▼ -6.8% vs 2023 2025: €1.98M▼ -2.2% vs 2024

2020 → 2025

Net result

€44k▼ 16.2%

2024 · €53k

2020: €46k 2021: €68k▲ +46.1% vs 2020 2022: €93k▲ +37.6% vs 2021highest in 6 years 2023: €76k▼ -18.2% vs 2022 2024: €53k▼ -31.0% vs 2023 2025: €44k▼ -16.2% vs 2024lowest in 6 years

2020 → 2025

Working capital

€-634k▼ 3.5%

2024 · €-612k

2020: €80k 2021: €169k▲ +111% vs 2020highest in 6 years 2022: €-582k▼ -446% vs 2021 2023: €-510k▲ +12.5% vs 2022 2024: €-612k▼ -20.1% vs 2023 2025: €-634k▼ -3.5% vs 2024lowest in 6 years

2020 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€770k-€863k▲ 12.1%€939k▲ 8.8%€992k▲ 5.6%€1.04M▲ 4.4% 2021: €770klowest in 5 years 2022: €863k▲ +12.1% vs 2021 2023: €939k▲ +8.8% vs 2022 2024: €992k▲ +5.6% vs 2023 2025: €1.04M▲ +4.4% vs 2024highest in 5 years

Operating result€93k-€119k▲ 28.4%€127k▲ 6.7%€117k▼ 8.3%€100k▼ 14.2% 2021: €93klowest in 5 years 2022: €119k▲ +28.4% vs 2021 2023: €127k▲ +6.7% vs 2022highest in 5 years 2024: €117k▼ -8.3% vs 2023 2025: €100k▼ -14.2% vs 2024

Net result€68k-€93k▲ 37.6%€76k▼ 18.2%€53k▼ 31.0%€44k▼ 16.2% 2021: €68k 2022: €93k▲ +37.6% vs 2021highest in 5 years 2023: €76k▼ -18.2% vs 2022 2024: €53k▼ -31.0% vs 2023 2025: €44k▼ -16.2% vs 2024lowest in 5 years

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 14% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.98M

87.5%

12.5%

Fixed assets €1.73M ▼ 0.9%

Current assets €246k ▼ 10.5%

Equity and liabilities €1.98M

52.4%

47.6%

Equity €1.04M ▲ 4.4%

Debt €941k ▼ 8.6%

Debt's share of the balance-sheet total falls from 50.9% to 47.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€196k▼

2024 · €201k

Cash flow

€140k▲

2024 · €137k

Current ratio

0.28▼

2024 · 0.31

Debt to equity

0.91▼

2024 · 1.04

ROE

4.2%▼

2024 · 5.3%

ROA

2.2%▼

2024 · 2.6%

Interest coverage

3.82▲

2024 · 3.42

Debt ≤ 1 year

€880k▼

2024 · €887k

Debt > 1 year

€61k▼

2024 · €142k

Income taxes

€5k▼

2024 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.02M€1.98M▼

Fixed assets21/28€1.75M€1.73M▼

Tangible fixed assets22/27€1.75M€1.73M▼

Land and buildings22€1.75M€1.66M▼

Furniture and vehicles24-€69k

Current assets29/58€275k€246k▼

Amounts receivable within one year40/41€46k€42k▼

Trade receivables40€17k€16k▼

Other amounts receivable41€29k€26k▼

Cash at bank and in hand54/58€229k€205k▼

Equity and liabilities

Total equity and liabilities10/49€2.02M€1.98M▼

Equity10/15€992k€1.04M▲

Contributions10/11€657k€657k=

Reserves13€336k€380k▲

Distributable reserves133€336k€380k▲

Amounts payable17/49€1.03M€941k▼

Amounts payable after more than one year17€142k€61k▼

Financial debts170/4€142k€61k▼

Amounts payable within one year42/48€887k€880k▼

Current portion of amounts payable after more than one year42€80k€81k▲

Financial debts43€39k€35k▼

Other loans439€39k€35k▼

Trade debts44€43k€42k▼

Suppliers440/4€43k€42k▼

Taxes, remuneration and social security45€25k€22k▼

Taxes450/3€22k€19k▼

Remuneration and social security454/9€3k€3k▲

Other amounts payable47/48€700k€700k=

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€96k▲

Other operating charges640/8€11k€12k▲

Gross operating margin9900€213k€209k▼

Operating profit (loss)9901€117k€100k▼

Financial charges65/66B€59k€51k▼

Recurring financial charges65€59k€51k▼

Profit (loss) for the period before taxes9903€58k€49k▼

Income taxes67/77€5k€5k▼

Profit (loss) for the period9904€53k€44k▼

Profit (loss) for the period to be appropriated9905€53k€44k▼

Appropriation of the result

Profit (loss) to be appropriated9906€53k€44k▼

Transfer to equity691/2€53k€44k▼

To other reserves6921€53k€44k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€19k	€43k	€85k	€85k	€96k	▲ 13.5%
Other operating charges640/8	-	€5k	€5k	€11k	€12k	▲ 7.0%
Gross operating margin9900	€117k	€167k	€217k	€213k	€209k	▼ 2.0%
Operating profit (loss)9901	€93k	€119k	€127k	€117k	€100k	▼ 14.2%
Financial charges65/66B	-	€16k	€44k	€59k	€51k	▼ 12.5%
Recurring financial charges65	€30	€16k	€44k	€59k	€51k	▼ 12.5%
Profit (loss) for the period before taxes9903	€93k	€103k	€84k	€58k	€49k	▼ 15.9%
Income taxes67/77	€25k	€10k	€8k	€5k	€5k	▼ 12.1%
Profit (loss) for the period9904	€68k	€93k	€76k	€53k	€44k	▼ 16.2%
Profit (loss) for the period to be appropriated9905	€68k	€93k	€76k	€53k	€44k	▼ 16.2%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€810k	€1.89M	€2.17M	€2.02M	€1.98M	▼ 2.2%
Fixed assets21/28	€604k	€1.74M	€1.83M	€1.75M	€1.73M	▼ 0.9%
Tangible fixed assets22/27	€604k	€1.74M	€1.83M	€1.75M	€1.73M	▼ 0.9%
Land and buildings22	-	€1.74M	€1.83M	€1.75M	€1.66M	▼ 4.9%
Furniture and vehicles24	-	-	-	-	€69k	-
Current assets29/58	€206k	€146k	€337k	€275k	€246k	▼ 10.5%
Amounts receivable within one year40/41	€8k	€49k	€165k	€46k	€42k	▼ 10.4%
Trade receivables40	-	€18k	€137k	€17k	€16k	▼ 8.6%
Other amounts receivable41	-	€31k	€28k	€29k	€26k	▼ 11.5%
Cash at bank and in hand54/58	€198k	€97k	€172k	€229k	€205k	▼ 10.5%
Equity and liabilities
Total equity and liabilities10/49	€810k	€1.89M	€2.17M	€2.02M	€1.98M	▼ 2.2%
Equity10/15	€770k	€863k	€939k	€992k	€1.04M	▲ 4.4%
Contributions10/11	-	€657k	€657k	€657k	€657k	=
Reserves13	€114k	€207k	€283k	€336k	€380k	▲ 13.1%
Distributable reserves133	-	€207k	€283k	€336k	€380k	▲ 13.1%
Amounts payable17/49	€39k	€1.03M	€1.23M	€1.03M	€941k	▼ 8.6%
Amounts payable after more than one year17	-	€296k	€222k	€142k	€61k	▼ 56.9%
Financial debts170/4	-	€296k	€222k	€142k	€61k	▼ 56.9%
Amounts payable within one year42/48	€37k	€729k	€847k	€887k	€880k	▼ 0.8%
Current portion of amounts payable after more than one year42	-	-	€79k	€80k	€81k	▲ 0.9%
Financial debts43	-	€10k	€38k	€39k	€35k	▼ 11.7%
Other loans439	-	€10k	€38k	€39k	€35k	▼ 11.7%
Trade debts44	€345	€2k	€3k	€43k	€42k	▼ 2.7%
Suppliers440/4	-	€2k	€3k	€43k	€42k	▼ 2.7%
Taxes, remuneration and social security45	-	€17k	€26k	€25k	€22k	▼ 9.6%
Taxes450/3	-	€15k	€24k	€22k	€19k	▼ 11.8%
Remuneration and social security454/9	-	€3k	€3k	€3k	€3k	▲ 10.0%
Other amounts payable47/48	-	€700k	€700k	€700k	€700k	=
Accrued charges and deferred income492/3	-	€2k	€160k	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€68k	€93k	€76k	€53k	€44k	▼ 16.2%
+ Depreciation and write-downs630	€19k	€43k	€85k	€85k	€96k	▲ 13.5%
Operating cash flow (approximation)	€87k	€136k	€161k	€137k	€140k	▲ 2.1%
Investment in fixed assets (approximation)	-	€-1.18M	€-172k	€0	€-81k	-
Change in cash	-	€-100k	€74k	€57k	€-24k	▼ 142%

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

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-10-2026

2025

28-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

31-03

Financial Weakest financial yearnet €44k ▼16.2%

Net result drops to €44k, the lowest in the series.

31-03

Financial Equity above €1MEq €1.04M ▲4.4%

6 profitable years in a row build equity to €1.04M.

2024

08-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 8 days late

2023

28-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2022

27-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

31-03

Financial Highest result since 2020net €93k ▲37.6%

Net result €93k, the highest in the series.

2021

29-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

04-02

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 96 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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

1 act for this company is 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, Aarschot · 1 establishment unit since 2018

seat establishment The establishment unit on the map

Ground area

728 m²

Building footprint

194 m²

Volume, LiDAR

1,249 m³

Parcel 24092B0085/00R000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VDK-LB

Diestsesteenweg 656, 3202 AarschotRetail trade

since 20182.283.729.396

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24092B0085/00R000	Flanders	728 m²	1 · 194 m²	9.8 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 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,106 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 (pre-2019)

Founded09-11-2018

Fiscal year end31-03

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

70200Business and other management consultancy

Scores and ratios are computed by Checked and are not a credit decision.