Summary
VDKS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2020 annual accounts show equity of €883,146 and a net result of €523,418. Equity is growing by ~105.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 4706 sector peers (fiscal year 2020). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
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Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 21-06-2021, 40 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
40 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2020, abbreviated schema
Equity
€883,146▲ 144%
2019 · €361,328
Net result
€523,418▲ 115%
2019 · €243,318
Total assets
€1.3m▲ 157%
2019 · €489,136
Solvency
70.2%▼ 3.7pp
2019 · 73.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line201820192020
Operating result€146,903-€367,322▲ 150%€761,249▲ 107%
Net result€102,634-€243,318▲ 137%€523,418above the sector's middle half▲ 115%
Equity€119,634-€361,328▲ 202%€883,146within the sector's middle half▲ 144%
Total assets€174,808-€489,136▲ 180%€1.3mwithin the sector's middle half▲ 157%
Debt€55,174-€127,808▲ 132%€374,959▲ 193%
Working capital€61,881-€318,057▲ 414%€113,208within the sector's middle half▼ 64.4%
Solvency68.4%-73.9%▲ 5.4pp70.2%within the sector's middle half▼ 3.7pp
Current ratio2.12-3.49▲ 1.371.30within the sector's middle half▼ 2.19
Return on assets (ROA)58.7%-49.7%▼ 9.0pp41.6%above the sector's middle half▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2019 Net result +137% on 2018. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 107% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.3m
Fixed assets
€769,938 ▲ 1,679%
Current assets
€488,167 ▲ 9.5%
Equity and liabilities €1.3m
Equity
€883,146 ▲ 144%
Debt
€374,959 ▲ 193%
Debt's share of the balance-sheet total rises from 26.1% to 29.8%. Equity and debt are higher.
Key figures and ratios
ROE
59.3%▼
2019 · 67.3%
Debt ≤ 1 year
€374,959▲
2019 · €127,808
Income taxes
€237,878▲
2019 · €123,939
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,887 | €14,482 | €18,986 | ▲ 31.1% |
| Gross operating margin9900 | €161,138 | €382,302 | €781,011 | ▲ 104% |
| Operating profit (loss)9901 | €146,903 | €367,322 | €761,249 | ▲ 107% |
| Recurring financial income75 | - | - | €47 | - |
| Recurring financial charges65 | - | €65 | - | - |
| Profit (loss) for the period before taxes9903 | €146,903 | €367,257 | €761,296 | ▲ 107% |
| Income taxes67/77 | €44,269 | €123,939 | €237,878 | ▲ 91.9% |
| Profit (loss) for the period9904 | €102,634 | €243,318 | €523,418 | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €102,634 | €243,318 | €523,418 | ▲ 115% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €174,808 | €489,136 | €1.3m | ▲ 157% |
| Fixed assets21/28 | €57,753 | €43,271 | €769,938 | ▲ 1,679% |
| Tangible fixed assets22/27 | €57,753 | €43,271 | €769,938 | ▲ 1,679% |
| Current assets29/58 | €117,055 | €445,865 | €488,167 | ▲ 9.5% |
| Cash at bank and in hand54/58 | €116,015 | €444,460 | €485,242 | ▲ 9.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €174,808 | €489,136 | €1.3m | ▲ 157% |
| Equity10/15 | €119,634 | €361,328 | €883,146 | ▲ 144% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €101,034 | €342,728 | €864,546 | ▲ 152% |
| Amounts payable17/49 | €55,174 | €127,808 | €374,959 | ▲ 193% |
| Amounts payable within one year42/48 | €55,174 | €127,808 | €374,959 | ▲ 193% |
| Trade debts44 | €188 | - | €215 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,634 | €243,318 | €523,418 | ▲ 115% |
| + Depreciation and write-downs630 | €13,887 | €14,482 | €18,986 | ▲ 31.1% |
| Operating cash flow (approximation) | €116,521 | €257,800 | €542,404 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | -€745,653 | - |
| Change in cash | - | €328,445 | €40,782 | ▼ 87.6% |
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
17-09
State Gazette act
General meeting · Director resignation
Director appointment
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €523,418 ▲115%
Operating result €761,249, net result €523,418, both a record.
31-12
Financial
Equity above €500,000Eq €883,146 ▲144%
3 profitable years in a row build equity to €883,146.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €361,328 ▲202%
2 profitable years in a row build equity to €361,328.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zottegem · 1 establishment unit since 2018
Ground area
1,470 m²
Building footprint
724 m²
Parcel 41020A0390/00N000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VDKS
since 20182.271.987.151
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41020A0390/00N000 | Flanders | 1,469 m² | 1 · 724 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 2,326 EUR awarded · 2,326 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,163 EUR | 1,163 EUR |
| 2022 | 1 | 1,163 EUR | 1,163 EUR |
Similar companies · same sector, comparable size
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GC INVESTMENTS
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 12,975 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded16-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0688530645
Also
9925:BE0688530645
Registered
28-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.