VDLEX
ActiveSummary
VDLEX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €7k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-54
Solvency73▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.64 in 2024; short-term debt: 52% and cash: 76.3% of total assets), but 52% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48%
Return on assets
3.5%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
6 d early
2023
23 d early
2022
20 d early
2021
33 d early
2020
24 d early
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€97k▼ 3.0%
2024 · €100k
2018: €41klowest in 8 years
2019: €56k▲ +36.4% vs 2018
2020: €65k▲ +17.1% vs 2019
2021: €72k▲ +9.8% vs 2020
2022: €76k▲ +5.4% vs 2021
2023: €103k▲ +36.2% vs 2022highest in 8 years
2024: €100k▼ -2.6% vs 2023
2025: €97k▼ -3.0% vs 2024
2018 → 2025
Total assets
€202k▼ 21.2%
2024 · €257k
2018: €334khighest in 8 years
2019: €263k▼ -21.3% vs 2018
2020: €231k▼ -12.2% vs 2019
2021: €265k▲ +15.0% vs 2020
2022: €162k▼ -39.1% vs 2021
2023: €135k▼ -16.4% vs 2022lowest in 8 years
2024: €257k▲ +90.1% vs 2023
2025: €202k▼ -21.2% vs 2024
2018 → 2025
Net result
€7k▼ 94.2%
2024 · €121k
2018: €3klowest in 8 years
2019: €39k▲ +1413% vs 2018
2020: €34k▼ -13.7% vs 2019
2021: €106k▲ +217% vs 2020
2022: €12k▼ -88.9% vs 2021
2023: €27k▲ +131% vs 2022
2024: €121k▲ +343% vs 2023highest in 8 years
2025: €7k▼ -94.2% vs 2024
2018 → 2025
Working capital
€97k▼ 3.0%
2024 · €100k
2018: €89klowest in 8 years
2019: €97k▲ +9.3% vs 2018
2020: €103k▲ +5.8% vs 2019
2021: €132k▲ +28.1% vs 2020highest in 8 years
2022: €121k▼ -8.5% vs 2021
2023: €103k▼ -14.6% vs 2022
2024: €100k▼ -2.6% vs 2023
2025: €97k▼ -3.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€76k▲ 5.4%€103k▲ 36.2%€100k▼ 2.6%€97k▼ 3.0%
2021: €72klowest in 5 years
2022: €76k▲ +5.4% vs 2021
2023: €103k▲ +36.2% vs 2022highest in 5 years
2024: €100k▼ -2.6% vs 2023
2025: €97k▼ -3.0% vs 2024
Operating result€135k-€15k▼ 88.6%€35k▲ 127%€156k▲ 345%€8k▼ 94.6%
2021: €135k
2022: €15k▼ -88.6% vs 2021
2023: €35k▲ +127% vs 2022
2024: €156k▲ +345% vs 2023highest in 5 years
2025: €8k▼ -94.6% vs 2024lowest in 5 years
Net result€106k-€12k▼ 88.9%€27k▲ 131%€121k▲ 343%€7k▼ 94.2%
2021: €106k
2022: €12k▼ -88.9% vs 2021
2023: €27k▲ +131% vs 2022
2024: €121k▲ +343% vs 2023highest in 5 years
2025: €7k▼ -94.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €202k
Equity
€97k ▼ 3.0%
Debt
€105k ▼ 32.8%
Debt's share of the balance-sheet total falls from 61.0% to 52.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.92▲
2024 · 1.64
Debt to equity
1.08▼
2024 · 1.56
ROE
7.2%▼
2024 · 121.0%
ROA
3.5%▼
2024 · 47.2%
Debt ≤ 1 year
€105k▼
2024 · €157k
Income taxes
€2k▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€257k€202k▼
Current assets29/58€257k€202k▼
Amounts receivable within one year40/41€21k€45k▲
Trade receivables40€21k€45k▲
Other amounts receivable41€68€62▼
Cash at bank and in hand54/58€233k€154k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€257k€202k▼
Equity10/15€100k€97k▼
Contributions10/11€50k€50k=
Reserves13€896€896=
Non-distributable reserves130/1€896€896=
Reserves not available under the articles1311€896€896=
Profit (loss) carried forward14€49k€46k▼
Amounts payable17/49€157k€105k▼
Amounts payable within one year42/48€157k€105k▼
Trade debts44€38k€66k▲
Suppliers440/4€38k€66k▲
Taxes, remuneration and social security45€19k€29k▲
Taxes450/3€19k€29k▲
Other amounts payable47/48€100k€10k▼
Income statement
Code20242025
Other operating charges640/8€387€404▲
Gross operating margin9900€156k€9k▼
Operating profit (loss)9901€156k€8k▼
Financial income75/76B€778€1k▲
Recurring financial income75€778€1k▲
Financial charges65/66B€768€443▼
Recurring financial charges65€768€443▼
Profit (loss) for the period before taxes9903€156k€9k▼
Income taxes67/77€35k€2k▼
Profit (loss) for the period9904€121k€7k▼
Profit (loss) for the period to be appropriated9905€121k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€173k€56k▼
Profit (loss) brought forward from the previous period14P€52k€49k▼
Profit to be distributed694/7€124k€10k▼
Return on contributions (dividend)694€124k€10k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €0 | - | - | - | - |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €404 | ▲ 4.4% |
| Gross operating margin9900 | €198k | €16k | €35k | €156k | €9k | ▼ 94.4% |
| Operating profit (loss)9901 | €135k | €15k | €35k | €156k | €8k | ▼ 94.6% |
| Financial income75/76B | €37 | €0 | €421 | €778 | €1k | ▲ 54.7% |
| Recurring financial income75 | €37 | €0 | €421 | €778 | €1k | ▲ 54.7% |
| Financial charges65/66B | €336 | €339 | €694 | €768 | €443 | ▼ 42.3% |
| Recurring financial charges65 | €336 | €339 | €694 | €768 | €443 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €135k | €15k | €35k | €156k | €9k | ▼ 94.2% |
| Income taxes67/77 | €29k | €3k | €7k | €35k | €2k | ▼ 93.9% |
| Profit (loss) for the period9904 | €106k | €12k | €27k | €121k | €7k | ▼ 94.2% |
| Profit (loss) for the period to be appropriated9905 | €106k | €12k | €27k | €121k | €7k | ▼ 94.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265k | €162k | €135k | €257k | €202k | ▼ 21.2% |
| Fixed assets21/28 | €0 | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Current assets29/58 | €265k | €162k | €135k | €257k | €202k | ▼ 21.2% |
| Amounts receivable within one year40/41 | €72k | €31k | €43k | €21k | €45k | ▲ 113% |
| Trade receivables40 | €63k | €23k | €43k | €21k | €45k | ▲ 113% |
| Other amounts receivable41 | €9k | €9k | €88 | €68 | €62 | ▼ 9.1% |
| Cash at bank and in hand54/58 | €193k | €127k | €88k | €233k | €154k | ▼ 33.6% |
| Deferred charges and accrued income490/1 | €0 | €3k | €3k | €3k | €3k | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265k | €162k | €135k | €257k | €202k | ▼ 21.2% |
| Equity10/15 | €72k | €76k | €103k | €100k | €97k | ▼ 3.0% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Capital10 | €50k | €50k | - | - | - | - |
| Issued capital100 | €50k | €50k | - | - | - | - |
| Reserves13 | €896 | €896 | €896 | €896 | €896 | = |
| Non-distributable reserves130/1 | €896 | €896 | €896 | €896 | €896 | = |
| Legal reserve130 | €896 | €896 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €896 | €896 | €896 | = |
| Profit (loss) carried forward14 | €21k | €25k | €52k | €49k | €46k | ▼ 6.1% |
| Amounts payable17/49 | €194k | €86k | €32k | €157k | €105k | ▼ 32.8% |
| Amounts payable after more than one year17 | €45k | €45k | €0 | - | - | - |
| Other amounts payable178/9 | €45k | €45k | €0 | - | - | - |
| Amounts payable within one year42/48 | €134k | €41k | €32k | €157k | €105k | ▼ 32.8% |
| Trade debts44 | €0 | - | - | €38k | €66k | ▲ 76.0% |
| Suppliers440/4 | €0 | - | - | €38k | €66k | ▲ 76.0% |
| Taxes, remuneration and social security45 | €34k | €33k | €32k | €19k | €29k | ▲ 55.4% |
| Taxes450/3 | €34k | €33k | €32k | €19k | €29k | ▲ 55.4% |
| Other amounts payable47/48 | €100k | €8k | €0 | €100k | €10k | ▼ 90.0% |
| Accrued charges and deferred income492/3 | €15k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106k | €12k | €27k | €121k | €7k | ▼ 94.2% |
| + Depreciation and write-downs630 | €63k | €0 | - | - | - | - |
| Operating cash flow (approximation) | €169k | €12k | €27k | €121k | €7k | ▼ 94.2% |
| Change in cash | - | €-66k | €-39k | €144k | €-78k | ▼ 154% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €121k ▲343%
Operating result €156k, net result €121k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €103k ▲36.2%
6 profitable years in a row build equity to €103k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2013
Ground area
683 m²
Building footprint
130 m²
Volume, LiDAR
2,170 m³
Parcel 21807G0054/00D000, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
VDLEX
since 20132.225.716.864
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0054/00D000 | Brussels | 683 m² | 1 · 130 m² | 20.6 m · 6 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 22,056 companies in sector 69101 we hold annual accounts for 9,055. 7,559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.