VDM
ActiveVDM has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €895k and a net result of €282k. Equity is growing by ~53.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 2138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency79▲+10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.62 in 2024), but 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
38.8%
Return on assets
12.2%
Age of the figures
8 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
8 d late
2022
33 d early
2021
34 d early
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€895k▲ 39.5%
2024 · €642k
2018: €52k
2019: €72k
2020: €99k
2021: €206k
2022: €341k
2023: €517k
2024: €642k
2018 → 2025
Total assets
€2.31M▲ 25.6%
2024 · €1.84M
2018: €340k
2019: €375k
2020: €517k
2021: €872k
2022: €1.40M
2023: €1.25M
2024: €1.84M
2018 → 2025
Net result
€282k▲ 93.8%
2024 · €145k
2018: €18k
2019: €20k
2020: €27k
2021: €107k
2022: €134k
2023: €194k
2024: €145k
2018 → 2025
Working capital
€476k▲ 68.4%
2024 · €282k
2018: €12k
2019: €39k
2020: €39k
2021: €122k
2022: €260k
2023: €392k
2024: €282k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€206k-€341k▲ 65.3%€517k▲ 51.8%€642k▲ 24.2%€895k▲ 39.5%
Operating result€141k-€194k▲ 37.4%€288k▲ 48.5%€216k▼ 25.1%€432k▲ 100%
Net result€107k-€134k▲ 26.1%€194k▲ 44.3%€145k▼ 25.1%€282k▲ 93.8%
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 recovers in 2025; 2025 is 100% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.31M
Fixed assets
€1.27M▲ 15.7%
Current assets
€1.04M▲ 40.5%
Equity and liabilities €2.31M
Equity
€895k▲ 39.5%
Debt
€1.41M▲ 18.2%
The debt ratio falls from 65.1% to 61.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€609k▲
2024 · €336k
Cash flow
€459k▲
2024 · €266k
Solvency
38.8%▲
2024 · 34.9%
Current ratio
1.85▲
2024 · 1.62
Quick ratio
1.85▲
2024 · 1.62
Debt / equity
1.58▼
2024 · 1.86
ROE
31.5%▲
2024 · 22.6%
ROA
12.2%▲
2024 · 7.9%
Interest coverage
14.77▼
2024 · 20.08
Debt
€1.41M▲
2024 · €1.20M
Debt ≤ 1 year
€560k▲
2024 · €455k
Debt > 1 year
€854k▲
2024 · €742k
Income taxes
€116k▲
2024 · €60k
Staff costs
€200k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.84M€2.31M▲
Fixed assets21/28€1.10M€1.27M▲
Tangible fixed assets22/27€1.09M€1.27M▲
Land and buildings22€803k€769k▼
Plant, machinery and equipment23€85k€87k▲
Furniture and vehicles24€15k€43k▲
Leasing and similar rights25€162k€348k▲
Other tangible fixed assets26€27k€19k▼
Financial fixed assets28€8k€8k=
Current assets29/58€737k€1.04M▲
Amounts receivable within one year40/41€402k€601k▲
Trade receivables40€344k€519k▲
Other amounts receivable41€58k€81k▲
Cash at bank and in hand54/58€329k€431k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.84M€2.31M▲
Equity10/15€642k€895k▲
Contributions10/11€19k€19k=
Reserves13€623k€877k▲
Distributable reserves133€623k€877k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.20M€1.41M▲
Amounts payable after more than one year17€742k€854k▲
Financial debts170/4€742k€854k▲
Amounts payable within one year42/48€455k€560k▲
Current portion of amounts payable after more than one year42€154k€166k▲
Trade debts44€129k€185k▲
Suppliers440/4€129k€185k▲
Taxes, remuneration and social security45€58k€58k▼
Taxes450/3€57k€51k▼
Remuneration and social security454/9€1k€7k▲
Other amounts payable47/48€114k€151k▲
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€52k€200k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€177k▲
Other operating charges640/8€135k€21k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€523k€831k▲
Operating profit (loss)9901€216k€432k▲
Financial income75/76B€7k€7k▲
Recurring financial income75€7k€7k▲
Financial charges65/66B€17k€41k▲
Recurring financial charges65€17k€41k▲
Profit (loss) for the period before taxes9903€206k€398k▲
Income taxes67/77€60k€116k▲
Profit (loss) for the period9904€145k€282k▲
Profit (loss) for the period to be appropriated9905€145k€282k▲
Appropriation of the result
Profit (loss) to be appropriated9906€145k€282k▲
Transfer from equity791/2€20k€27k▲
Transfer to equity691/2€145k€281k▲
To other reserves6921€145k€281k▲
Profit to be distributed694/7€20k€28k▲
Return on contributions (dividend)694€20k€27k▲
Directors or managers695-€1k
Social balance
Average headcount (FTE)90871.03.1▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €282k ▲93.8%
Operating result €432k, net result €282k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
31-12
Financial
Equity above €500kEq €517k ▲51.8%
6 profitable years in a row build equity to €517k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €206k ▲107%
4 profitable years in a row build equity to €206k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Dejonghe Melanie
CurrentDirector · since 05-01-2024
Van Caillie Mathias
CurrentDirector · since 05-01-2024
05-01-2024
Dejonghe Melanie: Appointed as Director
05-01-2024
Van Caillie Mathias: Appointed as Director
Location & real-estate footprint
Registered office, Ichtegem · 2 establishment units since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zuidstraat(FICH) 1988480 IchtegemGround area
2,978 m²
Building footprint
345 m²
Volume, LiDAR
1,593 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VDM
since 20132.220.551.813
VDM
since 20252.370.398.502
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006D0928/00K000 | Flanders | 1,748 m² | 1 · 155 m² | 7.9 m · 1 fl. |
| 35003C0307/00G000 | Flanders | 1,230 m² | 1 · 190 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
POELMAN BOUWAANNEMINGEN
BE 0541.801.517
Merelbeke-Melle · Eq €895k
VV-ENERGY
BE 0790.987.884
Pepinster · Eq €896k
WIDIMA
BE 0669.971.773
Overijse · Eq €894k
JAN BORGMANS
BE 0867.470.802
Turnhout · Eq €893k
ALRENO1740 - FLEUKY
BE 0653.824.144
Ternat · Eq €897k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 6,801 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2013
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.