VDM Process

Active Private limited companyfounded 2007active for 19 yearsRue de l'Atelier 7, 1480 TubizeKBO/BCE: BE 0889.452.881 subsidiary of HEUVEREM#5 company by equity in Tubize, Professional and technical services sector

VDM Process

Financial year 2025

Follow Report Compare

Annual accounts 2025

full format, filed on 17-02-2026, 72 days before the deadline

€848,088

▲ 0.4%

€703,085

▲ 12.6%

€773,874

▲ 11.5%

€606,594

▲ 14.7%

88.7%

▲ 18.3 percentage points

7.27

▲ 4.62

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.1m. Estimated: probably between €1.5m and €2.7m.

In the rankings #5 company by equity in Tubize, Professional and technical services sector #9 company by total assets in Tubize, Professional and technical services sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €2.5m on 30-09-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

88.7%

Higher than 93% of 892 companies in 2025.

7.27

Higher than 91% of 880 companies in 2025.

21.1%

Higher than 88% of 891 companies in 2025.

VDM Process Middle half of the sector 80% of the sector Full accounts in architecture and engineering (NACE 71)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	2.5m	2.4m	2.0m	1.5m	1.9m	2.0m	1.8m	1.4m	2.2m	2.3m	2.3m	2.5m	2.1m	1.9m	1.6m	1.1m	898,937	531,618
`21/28`	462,498	533,287	580,572	571,569	621,384	543,894	569,922	613,308	712,334	783,226	756,703	837,848	862,922	752,885	293,022	216,461	181,636	121,886
`21`	1,331	2,348	1,330	-	791	2,136	3,480	3,165	-	-	-	-	-	273	1,174	2,257	3,340	4,424
`22/27`	459,967	529,740	578,042	570,369	619,393	540,558	565,242	608,943	711,084	781,976	755,438	836,583	861,657	750,105	290,583	212,939	177,031	116,197
`22`	377,470	404,714	431,957	450,120	477,782	505,445	533,107	560,769	588,431	616,094	643,756	671,419	699,081	66,650	66,650	66,650	-	-
`23`	24,795	37,330	28,394	29,375	41,801	17,036	23,055	29,848	44,324	54,804	78,010	103,370	80,122	91,366	111,794	110,929	129,636	101,958
`24`	57,703	87,696	117,690	90,874	99,810	18,077	9,080	18,326	78,329	111,078	33,672	61,794	76,363	84,241	112,139	35,360	41,555	14,239
`27`	-	-	-	-	-	-	-	-	-	-	-	-	6,091	507,848	-	-	5,840	-
`28`	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,250	1,250	1,265	1,265	1,265	2,507	1,265	1,265	1,265	1,265
`29/58`	2.1m	1.9m	1.4m	903,745	1.2m	1.5m	1.2m	817,243	1.5m	1.6m	1.5m	1.6m	1.3m	1.1m	1.3m	874,987	717,301	409,732
`3`	83,278	79,778	79,893	40,198	39,835	40,182	39,894	39,217	40,325	41,288	44,302	37,108	33,657	19,489	114,124	21,004	26,176	17,964
`30/36`	83,278	79,778	79,893	40,198	39,835	40,182	39,894	39,217	40,325	41,288	44,302	37,108	33,657	19,489	114,124	21,004	26,176	17,964
`40/41`	450,388	315,450	143,229	250,975	165,713	189,936	384,304	159,953	377,656	519,383	198,577	270,120	323,490	501,079	396,262	92,410	186,277	80,850
`40`	375,437	293,046	81,902	182,866	75,445	97,009	336,368	110,646	332,656	446,742	80,763	167,120	272,588	463,791	236,047	89,022	104,841	61,007
`41`	74,951	22,404	61,327	68,110	90,268	92,927	47,936	49,308	45,000	72,641	117,814	103,000	50,902	37,288	160,215	3,388	81,436	19,843
`50/53`	600,000	-	39,334	39,334	126,018	126,018	236,356	236,356	237,730	338,288	358,547	431,547	97,213	28,213	36,000	-	120,000	-
`54/58`	931,469	1.5m	1.1m	564,715	908,651	1.1m	567,273	377,976	795,077	642,692	918,048	905,394	809,591	576,868	700,953	756,209	384,848	310,863
`490/1`	7,564	4,706	11,771	8,522	5,146	6,664	4,018	3,740	8,609	10,885	10,836	3,430	3,490	22,444	13,364	5,364	-	55
Balance sheet: equity and liabilities
`10/49`	2.5m	2.4m	2.0m	1.5m	1.9m	2.0m	1.8m	1.4m	2.2m	2.3m	2.3m	2.5m	2.1m	1.9m	1.6m	1.1m	898,937	531,618
`10/15`	2.2m	1.7m	1.4m	1.3m	1.1m	1.5m	1.5m	1.3m	2.1m	1.9m	1.9m	2.0m	1.7m	1.4m	1.1m	900,777	524,121	129,041
`10/11`	45,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	828,000	828,000	828,000	828,000	45,000	45,000	45,000	45,000	45,000	45,000
`100`	-	-	-	-	-	-	45,000	45,000	828,000	828,000	828,000	828,000	45,000	45,000	45,000	45,000	45,000	45,000
`11`	-	-	-	-	-	45,000	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	-	45,000	-	-	-	-	-	-	-	-	-	-	-	-
`13`	1.6m	1.2m	800,716	800,716	800,716	1.4m	1.2m	1.1m	1.1m	967,800	989,500	989,500	1.5m	1.4m	1.1m	846,156	473,295	74,500
`130/1`	82,800	82,800	82,800	82,800	82,800	82,800	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	82,800	82,800	82,800	82,800	82,800	82,800	4,500	4,500	4,500	4,500	4,500	4,500
`1311`	82,800	82,800	82,800	82,800	82,800	82,800	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	347,000	347,000	347,000	347,000	347,000	285,000	285,000	285,000	285,000	285,000	262,500	480,000	390,000	251,656	168,795	-
`133`	1.5m	1.1m	370,916	370,916	370,916	969,480	760,000	760,000	760,000	600,000	621,700	621,700	1.3m	870,000	680,000	590,000	300,000	70,000
`14`	535,805	459,270	518,948	379,407	219,874	1,435	209,480	53,821	8,135	127	1,808	10,814	8,220	5,155	4,198	9,621	5,826	9,541
`15`	40,246	46,565	52,885	59,204	65,524	71,844	78,163	84,483	90,802	101,122	111,441	121,761	116,080	-	-	-	-	-
`17/49`	285,213	722,733	582,432	190,986	735,633	497,272	279,325	119,447	116,994	438,713	356,264	535,372	424,063	496,323	430,027	190,671	374,816	402,577
`17`	-	-	12,625	25,250	-	-	-	-	-	132,250	156,853	180,718	203,895	135,705	-	11,010	23,662	35,729
`170/4`	-	-	12,625	25,250	-	-	-	-	-	132,250	156,853	180,718	203,895	135,705	-	11,010	23,662	35,729
`42/48`	285,213	722,733	569,807	164,782	735,633	497,272	279,325	119,447	116,994	306,442	199,411	354,654	220,168	359,698	430,027	179,061	350,838	366,827
`42`	-	12,625	12,625	-	-	-	-	-	-	24,603	23,865	23,177	22,495	26,735	11,010	12,652	12,068	11,511
`43`	-	-	-	12,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	-	-	12,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	282,514	545,078	554,781	139,504	133,753	198,606	246,394	114,912	84,057	135,430	38,806	132,606	104,047	298,062	311,481	60,001	170,512	292,743
`440/4`	282,514	545,078	554,781	139,504	133,753	198,606	246,394	114,912	84,057	135,430	38,806	132,606	104,047	298,062	311,481	60,001	170,512	292,743
`46`	-	-	-	-	-	3,596	-	-	-	-	-	-	-	-	91,571	-	-	-
`45`	2,499	14,830	2,200	12,452	1,861	-	12,861	4,535	32,937	26,409	16,740	78,871	32,776	29,051	10,115	100,551	162,408	56,198
`450/3`	17	12,532	-	12,452	78	-	12,861	1,322	32,937	17,278	8,692	74,373	26,495	22,585	4,633	86,733	156,263	50,891
`454/9`	2,482	2,297	2,200	-	1,783	-	-	3,213	-	9,131	8,048	4,498	6,281	6,466	5,482	13,818	6,145	5,307
`47/48`	200	150,200	200	200	600,020	295,069	20,069	-	-	120,000	120,000	120,000	60,850	5,850	5,850	5,857	5,850	6,375
`492/3`	-	-	-	955	-	-	-	-	-	21	-	-	-	920	-	600	316	21
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	2.1m	2.7m	1.9m	1.8m	1.7m	2.9m	1.7m
`76A`	-	-	-	-	-	-	-	-	-	8,376	-	-	-	-	-	-	-	-
`9900`	848,088	844,999	276,671	333,751	518,312	482,805	364,295	140,822	360,396	314,713	340,335	734,031	361,246	441,931	359,359	745,009	660,299	193,502
`60/61`	-	-	-	-	-	-	-	-	-	-	-	1.4m	2.3m	1.5m	1.5m	965,153	2.2m	1.5m
`62`	60,536	66,380	51,119	55,836	45,008	4,644	2,418	10,095	43,299	93,428	86,176	49,877	56,694	46,508	46,248	49,405	84,542	33,785
`630`	70,789	69,605	33,981	71,055	50,542	46,335	45,045	59,355	82,190	87,606	83,137	85,094	97,823	60,202	41,248	34,751	35,130	21,214
`631/4`	-	-	-	-	-	424	-	-	736	-	-	-	-	-	-	-	-	-
`640/8`	13,678	5,453	7,667	6,105	8,992	7,315	7,004	5,914	2,707	4,215	4,118	4,012	2,072	4,826	10,525	12,523	4,901	2,079
`66A`	-	79,038	-	-	-	-	-	7,218	-	-	-	4,424	10,433	-	1,795	80,557	-	-
`9901`	703,085	624,524	183,904	200,755	413,771	424,087	309,828	58,240	231,464	129,464	166,904	595,048	204,657	330,395	261,338	648,330	535,726	136,424
`75/76B`	16,298	18,938	6,320	12,591	7,629	8,420	7,906	7,864	13,183	16,095	20,339	11,628	8,439	3,888	16,452	11,888	7,519	2,075
`75`	16,298	18,938	6,320	12,591	7,629	8,420	7,906	7,864	13,183	16,095	20,339	11,628	8,439	3,888	16,452	11,888	7,519	2,075
`65/66B`	3,644	2,811	3,734	462	420	10,623	208	1,747	3,521	17,908	30,816	33,536	6,642	636	860	1,433	1,990	4,200
`65`	3,644	2,811	3,734	462	420	10,623	208	1,747	3,521	17,908	30,816	33,536	6,642	636	860	1,433	1,990	4,200
`9903`	715,739	640,651	186,489	212,885	420,981	421,884	317,526	64,356	241,126	136,027	156,427	568,716	196,021	333,647	275,135	578,228	541,255	134,299
`67/77`	179,934	181,381	46,948	53,351	96,106	125,449	99,867	18,671	73,118	39,408	45,433	123,622	4,606	46,840	46,364	195,721	140,325	43,883
`9904`	535,805	459,270	139,541	159,533	324,874	296,435	217,659	45,685	168,008	96,619	110,994	445,094	191,415	286,807	228,771	382,507	400,930	90,416
`789`	-	347,000	-	-	-	-	-	-	-	-	-	180,000	300,000	-	-	0	-	-
`689`	-	-	-	-	-	-	62,000	-	-	-	-	202,500	82,500	90,000	138,344	132,271	168,795	-
`9905`	535,805	806,270	139,541	159,533	324,874	296,435	155,659	45,685	168,008	96,619	110,994	422,594	408,915	196,807	90,427	250,236	232,135	90,416
Appropriation of the result
`9906`	995,074	1.3m	518,948	379,407	326,310	505,916	209,480	53,821	168,135	98,427	121,808	430,814	414,070	201,005	100,048	256,062	241,676	90,416
`14P`	459,270	518,948	379,407	219,874	1,435	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	150,000	-	-	600,000	-	-	-	-	21,700	-	948,300	-	-	-	-	-	-
`691/2`	459,270	865,948	-	-	1,435	209,480	-	-	160,000	-	-	378,300	400,000	190,000	90,000	240,591	230,000	74,500
`6920`	-	-	-	-	-	-	-	-	-	-	-	78,300	-	-	-	-	-	4,500
`6921`	459,270	865,948	-	-	1,435	209,480	-	-	160,000	-	-	300,000	400,000	190,000	90,000	240,591	230,000	70,000
`694/7`	-	150,000	-	-	705,000	295,000	-	-	-	120,000	120,000	990,000	5,850	5,850	5,850	5,850	5,850	6,375
`694`	-	150,000	-	-	705,000	295,000	-	-	-	120,000	120,000	990,000	5,850	5,850	5,850	5,850	5,850	6,375
Social balance sheet
`9087`	-	-	1	0.8	0.8	-	-	-	0.6	2	1.9	1	1	1	1	1	2	2
Hours worked`1013`	-	-	-	1,343	1,406	-	-	-	963	3,487	3,238	1,266	1,764	1,670	1,446	1,662	3,930	2,506
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 17-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2025	full format	17-02-2026	2026-00040304	PDF
30-09-2024	micro format	29-04-2025	2025-00079670	PDF
30-09-2023	micro format	24-04-2025	2025-00077746	PDF
30-09-2022	full format	30-05-2023	2023-00103712	PDF
30-09-2021	full format	25-04-2022	2022-20009145	PDF
30-09-2020	full format	30-04-2021	2021-13100108	PDF
30-09-2019	full format	17-01-2020	2020-01700240	PDF
30-09-2018	full format	15-02-2019	2019-05100207	PDF
30-09-2017	full format	16-01-2018	2018-01600238	PDF
30-09-2016	full format	10-12-2016	2016-69800120	PDF
30-09-2015	full format	15-12-2015	2015-69000017	PDF
30-09-2014	full format	20-11-2014	2014-67400283	PDF
30-09-2013	full format	14-12-2013	2013-68700092	PDF
30-09-2012	full format	18-12-2012	2012-66800517	PDF
30-09-2011	full format	01-12-2011	2011-62500569	PDF
30-09-2010	full format	17-12-2010	2010-63500551	PDF
30-09-2009	full format	03-12-2009	2009-87600046	PDF
30-09-2008	full format	21-11-2008	2008-82100106	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
773,874	694,128	217,885	271,810	464,313	470,422	354,873	117,595	313,654	217,070	250,041	680,142	302,480	390,597	302,586	683,081	570,856	157,638
606,594	528,874	173,521	230,588	375,416	342,771	262,705	105,040	250,198	184,225	194,131	530,188	289,238	347,009	270,019	417,258	436,060	111,630
0	22,320	42,983	21,240	128,033	20,307	1,660	3,956	11,298	122,559	1,993	60,020	224,536	520,065	120,145	69,803	94,880	143,100
-578,541	364,828	580,467	-343,936	-199,486	540,864	189,297	-417,101	152,385	-275,356	12,654	95,803	232,723	-124,085	-55,256	371,361	73,985	-
1.8m	1.2m	849,602	738,963	509,730	973,666	952,521	697,796	1.3m	1.2m	1.3m	1.3m	1.0m	788,395	830,676	695,926	366,463	42,905
-	-	-	-	-	-	-	-	-	-	-	27.7%	7.6%	17.3%	14.2%	37.9%	18.7%	8.1%
88.7%	70.4%	70.9%	87.1%	60.6%	75.3%	84.5%	91.7%	94.6%	81.2%	84.4%	78.5%	80.1%	73.9%	72.3%	82.5%	58.3%	24.3%
7.27	2.64	2.49	5.48	1.69	2.96	4.41	6.84	12.47	5.07	7.67	4.65	5.76	3.19	2.93	4.89	2.04	1.12
6.98	2.53	2.35	5.24	1.64	2.88	4.27	6.51	12.13	4.93	7.45	4.54	5.60	3.14	2.67	4.77	1.97	1.07
0.13	0.42	0.41	0.15	0.65	0.33	0.18	0.09	0.06	0.23	0.18	0.27	0.25	0.35	0.38	0.21	0.72	3.12
23.8%	26.7%	9.8%	12.4%	28.7%	19.5%	14.3%	3.5%	8.2%	5.1%	5.7%	22.8%	11.2%	20.4%	20.4%	42.5%	76.5%	70.1%
21.1%	18.8%	7.0%	10.8%	17.4%	14.7%	12.1%	3.2%	7.7%	4.1%	4.9%	17.9%	9.0%	15.1%	14.7%	35.0%	44.6%	17.0%
over 100	over 100	58.34	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	28 days	37 days	89 days	47 days	19 days	13 days	13 days
-	-	-	-	-	-	-	-	-	-	-	34 days	16 days	74 days	77 days	23 days	28 days	71 days

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-09-2023	30-09-2022	30-09-2021
Employees at the balance-sheet date	1	1	1
part-time	1	1	1
in full-time equivalents	0.8	0.8	0.8
	-	0.8	0.8
On a permanent contract	1	1	1
Joined	-	-	1
Left	-	-	0

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	-	€20,793	€41,460	€21,240	€128,033
Intangible fixed assets	-	€1,527	€1,523	-	-
	€70,789	€69,605	€33,981	€71,055	€50,542

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VDM Process

The operating result for 2025 is 13% higher than in 2024 and the highest since 2008. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 29.6% to 11.3%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency88.7%

Current ratio7.27

Return on assets21.1%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on VDM Process

Next steps

in €m

in €m

88.7%

7.27

21.1%