VDM ELECTRICS
ActiveThe computed 12-month bankruptcy probability of VDM ELECTRICS is 1.6% (moderate). The 2025 annual accounts show equity of €418k and a net result of €39k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 27358 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
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
Profitability47▼-3
Solvency99=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.52 against 4.99 in 2024), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
63.2%
Return on assets
6%
Age of the figures
8 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
53 d early
2024
17 d early
2023
30 d early
2022
55 d early
2021
61 d early
2020
58 d early
2019
50 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€269k
EBIT margin
27.0%
Net result
€39k▲ 4.3%
2024 · €38k
2019: €59k
2020: €61k
2021: €97k
2022: €68k
2023: €63k
2024: €38k
2019 → 2025
Working capital
€312k▲ 47.0%
2024 · €212k
2019: €62k
2020: €114k
2021: €191k
2022: €213k
2023: €284k
2024: €212k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€279k▲ 31.7%€342k▲ 22.3%€379k▲ 10.8%€418k▲ 10.4%
Operating result€116k-€86k▼ 26.5%€80k▼ 6.1%€56k▼ 30.2%€59k▲ 4.7%
Net result€97k-€68k▼ 29.5%€63k▼ 7.4%€38k▼ 40.0%€39k▲ 4.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661k
Fixed assets
€280k▼ 20.2%
Current assets
€381k▲ 43.5%
Equity and liabilities €661k
Equity
€418k▲ 10.4%
Debt
€243k▲ 2.2%
The debt ratio falls from 38.6% to 36.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€85k▼
2024 · €89k
Cash flow
€66k▼
2024 · €71k
Solvency
63.2%▲
2024 · 61.4%
Current ratio
5.52▲
2024 · 4.99
Quick ratio
4.97▲
2024 · 4.72
Debt / equity
0.58▼
2024 · 0.63
ROE
9.4%▼
2024 · 10.0%
ROA
6.0%▼
2024 · 6.1%
Interest coverage
11.31▼
2024 · 12.83
Debt
€243k▲
2024 · €238k
Debt ≤ 1 year
€69k▲
2024 · €53k
Debt > 1 year
€174k▼
2024 · €185k
Income taxes
€12k▲
2024 · €11k
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€617k€661k▲
Fixed assets21/28€351k€280k▼
Tangible fixed assets22/27€350k€279k▼
Land and buildings22€268k€260k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€79k€18k▼
Financial fixed assets28€960€960=
Current assets29/58€266k€381k▲
Stocks and contracts in progress3€15k€38k▲
Stocks30/36€15k€38k▲
Amounts receivable within one year40/41€101k€33k▼
Trade receivables40€85k€26k▼
Other amounts receivable41€16k€7k▼
Cash at bank and in hand54/58€147k€305k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€617k€661k▲
Equity10/15€379k€418k▲
Contributions10/11€12k€12k=
Reserves13€366k€406k▲
Distributable reserves133€366k€406k▲
Amounts payable17/49€238k€243k▲
Amounts payable after more than one year17€185k€174k▼
Financial debts170/4€185k€174k▼
Amounts payable within one year42/48€53k€69k▲
Current portion of amounts payable after more than one year42€16k€11k▼
Trade debts44€21k€46k▲
Suppliers440/4€21k€46k▲
Advances received on contracts in progress46€13k€5k▼
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3-€2k
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€833€99▼
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€1k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€6k-
Gross operating margin9900€104k€89k▼
Operating profit (loss)9901€56k€59k▲
Financial income75/76B€11-
Recurring financial income75€11-
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€49k€51k▲
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€38k€39k▲
Profit (loss) for the period to be appropriated9905€38k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€39k▲
Transfer to equity691/2€37k€39k▲
To other reserves6921€37k€39k▲
Profit to be distributed694/7€833-
Return on contributions (dividend)694€833-
The notes to these accounts (8 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €38k ▼40%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 10.11
Current ratio from 4.68 to 10.11; short-term debt falls from €58k to €31k.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €97k ▲59.5%
Operating result €116k, net result €97k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲82.2%
3 profitable years in a row build equity to €212k.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €116k ▲79.7%
2 profitable years in a row build equity to €116k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koksijde · 1 establishment unit since 2018
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.
Dorpsstraat(Odk) 338670 KoksijdeGround area
1,756 m²
Building footprint
123 m²
Volume, LiDAR
934 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDM ELECTRICS
since 20182.282.138.202
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502D0107/00E000 | Flanders | 1,473 m² | - | - |
| 38502D0109/00Y000 | Flanders | 283 m² | 1 · 123 m² | 12.9 m · 3 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
TSPO
BE 0473.807.683
Thimister-Clermont · Eq €418k
VENTILATIE BEDRIJF CAVALIERE
BE 0660.564.852
Genk · Eq €418k
ALDE-ENERGIE
BE 0462.258.349
Ingelmunster · Eq €418k
ELECTRO FOUBERT
BE 0894.455.905
Temse · Eq €418k
ESV CONNECT
BE 0694.888.895
Puurs-Sint-Amands · Eq €418k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 6,867 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.