Checked.be
Active
BE 0479.727.257Private limited company (pre-2019)
VDK RACING
Chaussée de Louvain 473 ·1300 Wavre, Belgium· 23 yrs active
Sector: Retail sale of other sporting goods
(47639)
Conclusion
The computed 12-month bankruptcy probability of VDK RACING is 3.5% (moderate). The 2022 annual accounts show equity of €89k and a net result of €9k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 86% of 15418 sector peers (fiscal year 2022). The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €89k |
| Net result | €9k |
| Staff (FTE) | 0.5 |
| Better than sector | 86% |
Financial profile
76
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
49
Solvency
100
Growth
52
Stability
92
Bankruptcy probability (12 mo)
Risk Assessment
3 / 100
Low riskComponents
· 1 administrative flag (+3)
Trust signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
UBO non-compliance
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
65
2018
73
2019
83
2020
86
2022
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.42 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.73 (≥ 1.0)
+5
Leverage
Debt/equity 0.38 (< 1.0)
+10
Profitability
ROE 10%
+3
Interest coverage
Interest coverage 23.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-03-2024 with the NBB · fiscal year 2022 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~20%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.3% | 27.3% | |
| Net result | €9k | €4k | |
| Equity | €89k | €29k | |
| Gross operating margin | €45k | €28k | |
| Staff costs | €28k | €33k |
€16k
-58.0%
18-22
€9k
-83.4%
18-22
€12k
-79.3%
18-22
€123k
-39.2%
18-22
€89k
+19.5%
18-22
€82k
+8.1%
18-22
1
0.0%
18-22
€28k
-
18-22
€3k
-48.9%
18-22
€34k
-73.4%
18-22
€34k
-72.2%
18-22
3.42
+110.7%
18-22
1.73
+31.7%
18-22
72.3%
+96.6%
18-22
0.38
-
18-22
9.8%
-86.1%
18-22
7.1%
-72.7%
18-22
23.27
-
18-22
Figures by fiscal year and ratios
| Fiscal year | 2022 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €16k | €37k | €24k | €36k |
| Net profit | €9k | €53k | €30k | €20k |
| Cash flow | €12k | €59k | €37k | €26k |
| Staff costs | €28k | - | - | - |
| Income taxes | €3k | €6k | €4k | €11k |
| Dividends | - | - | - | - |
| Total assets | €123k | €203k | €207k | €209k |
| Equity | €89k | €75k | €50k | €41k |
| Debt | €34k | €128k | €156k | €168k |
| of which ≤ 1y | €34k | €123k | €156k | €168k |
| of which > 1y | - | - | - | - |
| Working capital | €82k | €76k | €33k | €20k |
| Employees (FTE) | 0.5 | 0.5 | 0.5 | 1.0 |
Ratios (computed)
| 2022 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|
| Current ratio | 3.42 | 1.62 | 1.21 | 1.12 |
| Quick ratio | 1.73 | 1.32 | 0.97 | 0.90 |
| Working capital ratio | 66.9% | 37.6% | 16.1% | 9.5% |
| Solvency | 72.3% | 36.8% | 24.4% | 19.5% |
| Debt / equity | 0.38 | - | - | - |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 23.27 | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.1% | 25.9% | 14.6% | 9.8% |
| ROE | 9.8% | 70.5% | 60.0% | 50.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2022
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €123k | €203k | €207k | €209k |
| Fixed assets | 21/28 | €7k | €4k | €17k | €21k |
| Tangible fixed assets | 22/27 | - | €4k | €10k | €14k |
| Financial fixed assets | 28 | €7k | - | €7k | €7k |
| Current assets | 29/58 | €117k | €199k | €190k | €188k |
| Stocks & contracts in progress | 3 | €57k | €37k | €37k | €37k |
| Amounts receivable within one year | 40/41 | €37k | €106k | €127k | €113k |
| Cash & bank | 54/58 | €20k | €49k | €24k | €37k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €123k | €203k | €207k | €209k |
| Equity | 10/15 | €89k | €75k | €50k | €41k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €2k | €2k | €2k | €142 |
| Accumulated profits (losses) | 14 | €67k | €53k | €28k | €20k |
| Amounts payable | 17/49 | €34k | €128k | €156k | €168k |
| Amounts payable within one year | 42/48 | €34k | €123k | €156k | €168k |
| Trade debts payable within one year | 44 | €28k | €110k | €122k | €150k |
| Income statement | |||||
| Gross operating margin | 9900 | €45k | €58k | €42k | €53k |
| Operating result | 9901 | €12k | €31k | €17k | €30k |
| Financial income | 75 | €238 | €1k | €1 | €1 |
| Financial charges | 65 | €676 | €2k | €3k | €805 |
| Result before taxes | 9903 | €12k | €30k | €14k | €29k |
| Income taxes | 67/77 | €3k | €6k | €4k | €11k |
| Net result for the period | 9904 | €9k | €24k | €10k | €18k |
| Result to be appropriated | 9905 | €9k | €24k | €10k | €18k |
Legal Structure
| NACE primary | Retail sale of other sporting goods(47639) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-03-2003 |
| Status | Active |
| Postal code | 1300 |
Establishment units
Chaussée de Louvain 473, 1300 Wavre
since 20032.127.021.641
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772F0126/00Z004 | Wallonia | 2,715 m² | 1 · 937 m² | 5.9 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
29-12
KBO administration
UBO non-compliance
event 15-12-2025
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 224 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼83.4%
Net result drops to €9k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.42
Current ratio from 1.62 to 3.42; short-term debt falls from €123k to €34k.
14-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 198 days late
2020
31-12
Financial
Highest result since 2018net €53k ▲73.7%
Operating result €31k, net result €53k, both a record.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 174 days late
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 178 days late
2014
22-01
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 175 days late
2011
24-11
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 116 days late
2010
21-10
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 82 days late
2009
21-10
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 82 days late
2008
30-09
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
29-12-2025
KBO administration
UBO non-compliance
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
45402Retail sale of other sporting goods47639Retail trade47640Retail sale of motorcycles and motorcycle parts and accessories478305248252740Repair and maintenance of other personal and household goods95290
Names & trade names
| Legal nameFR | VDK RACING |
Registration history
- 15-12-2025 UBO non-compliance
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