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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
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Overview

Lifetime

18 annual accounts with figures on one time axis
peak €848,088 (2025)
€848,088▲ 0.4%
peak €535,805 (2025)
€535,805▲ 16.7%
peak €2.2m (2025)
€2.2m▲ 30.8%
€285,213▼ 60.5%
peak 2 FTE (2008)
-not published
Board4 names since 2007
2 directorsVAN LAETHEM Anja and 1 other
Owners
75%HEUVEREM
Documentsfilings and deeds
17-02-202672 days before the deadline
2025financial year
Equity from €1.7m to €2.2mDebts from €722,733 to €285,213Cash from €1.5m to €931,469

Key points

from the 2025 annual accounts

Equity

€2.2m ▲ 30.8%

VDM Process has made a profit in every financial year since 2008.

Liquidity

7.27 was 2.64 in 2024

Short-term debts fell from €722,733 to €285,213.

Filings

18 annual accounts since 2008
deadline2010201520202025

Two of the last ten came late. The 2023 accounts came latest: 359 days after the end of the period.

Checked score

99
Excellent
Financially stronger than 91% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025highest value 05-2025: < 0.1%▼ -0.3 percentage points vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100+5equity 88.7% of total assets
95+7short-term debt 11.3% · cash 36.7%
95+3return on assets 21.1%

Score breakdown

raises risk
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 7.27, cash €931,469
Equity €2.2m (88.7% of total assets)
Size: total assets €2.5m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 92% of them on solvency, 97% on liquidity, 91% on profitability and 84% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,811 companies had the same profile as VDM Process has now. Each dot stands for 45 companies, two years later.

96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of VDM Process itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,811 companies, not a prediction for VDM Process. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €220,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 7.27 (2.64 in 2024), above the usual 1.5. Short-term debt is 11.3% and cash 36.7% of total assets. 11.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 7.27, cash €931,469
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €2.2m (88.7% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €2.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-02-2026, 72 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
72 days early
2024
1 day early
2023
359 days late
2022
30 days late
2021
5 days early
2020
on the day
2019
104 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (4 of the last 5 accounts filed within 71 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

H
HEUVEREM
Director, EYKERMAN Filips
VL
VAN LAETHEM Anja
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0889452881
Amendment of the articles · Legal-form change · Resignations & appointments Changes of role: VAN LAETHEM Anja (director) and HEUVEREM (director) · Permanent representative: EYKERMAN Filips · “Etude et réalisation d'installations générales dans le domaine industriel et privé; Etude, réalisation et…” (deed in French) · General meeting of 06-06-2023 · Gazette deed
Registered office moved from Chièvres to Tubize Capital decrease of €783,000 to €45,000 · Capital from €828,000 to €45,000 · New registered office: rue de l'Atelier 7, 1480 Tubize · General meeting of 21-03-2018 · Gazette deed
First establishment Rue de l'Atelier 7, Tubize
All 32 events

Comparable companies

same main activity, similar in size and age
Company
VDM Process Tubize €2.5m €0.8m 88.7% -
M3 SYSTEMS BELGIUM Wavre €3.0m €0.8m 11.8% 6.4
Ionex Engineering Olen €2.4m €1.0m 25.2% 8.3
CRD Solutions Wavre €2.0m €1.0m 76.7% -
DAPESCO Ottignies-Louvain-la-Neuve €3.1m €1.0m 49.6% 13.6
Dekimo Louvain-la-Neuve Ottignies-Louvain-la-Neuve €2.5m €0.6m 20.5% 8
ENERG-IR Ramillies €1.8m €0.8m 31.2% -

These companies have the same main activity as VDM Process: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.8m and €3.1m, founded between 2002 and 2011.

Official details

Source: KBO
Status
Active since 15-05-2007Normal situation
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 3 others
Joint committees
111Metal, mechanical and electrical engineering
209White-collar workers in metal manufacturing · annual accounts 30-09-2025
Establishment unit
2.162.589.1651480 Tubize, since 16-05-2007
Financial year end
30 September
Peppol
Reachable since 21-10-2026
Company details

Annual accounts to 30-09-2025

€848,088▲ 0.4%
≈ €2.1mestimated
€535,805▲ 16.7%
€2.2m▲ 30.8%
€2.5m▲ 3.8%
≈ 0.9 FTEestimated
Filing
Filed on 17-02-2026, 72 days before the end of the filing period
Financials

Insights on VDM Process

VDM Process has existed since 2007. In 2009 the gross margin rose from €193,502 to €660,299.

Solvency rose in 2025 from 70.4% to 88.7% because of the retained profit and lower debts.

HEUVEREM holds 75% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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

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 Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 2.5m2.4m2.0m1.5m1.9m2.0m1.8m1.4m2.2m2.3m2.3m2.5m2.1m1.9m1.6m1.1m898,937531,618
21/28 462,498533,287580,572571,569621,384543,894569,922613,308712,334783,226756,703837,848862,922752,885293,022216,461181,636121,886
21 1,3312,3481,330-7912,1363,4803,165-----2731,1742,2573,3404,424
22/27 459,967529,740578,042570,369619,393540,558565,242608,943711,084781,976755,438836,583861,657750,105290,583212,939177,031116,197
22 377,470404,714431,957450,120477,782505,445533,107560,769588,431616,094643,756671,419699,08166,65066,65066,650--
23 24,79537,33028,39429,37541,80117,03623,05529,84844,32454,80478,010103,37080,12291,366111,794110,929129,636101,958
24 57,70387,696117,69090,87499,81018,0779,08018,32678,329111,07833,67261,79476,36384,241112,13935,36041,55514,239
27 ------------6,091507,848--5,840-
28 1,2001,2001,2001,2001,2001,2001,2001,2001,2501,2501,2651,2651,2652,5071,2651,2651,2651,265
29/58 2.1m1.9m1.4m903,7451.2m1.5m1.2m817,2431.5m1.6m1.5m1.6m1.3m1.1m1.3m874,987717,301409,732
3 83,27879,77879,89340,19839,83540,18239,89439,21740,32541,28844,30237,10833,65719,489114,12421,00426,17617,964
30/36 83,27879,77879,89340,19839,83540,18239,89439,21740,32541,28844,30237,10833,65719,489114,12421,00426,17617,964
40/41 450,388315,450143,229250,975165,713189,936384,304159,953377,656519,383198,577270,120323,490501,079396,26292,410186,27780,850
40 375,437293,04681,902182,86675,44597,009336,368110,646332,656446,74280,763167,120272,588463,791236,04789,022104,84161,007
41 74,95122,40461,32768,11090,26892,92747,93649,30845,00072,641117,814103,00050,90237,288160,2153,38881,43619,843
50/53 600,000-39,33439,334126,018126,018236,356236,356237,730338,288358,547431,54797,21328,21336,000-120,000-
54/58 931,4691.5m1.1m564,715908,6511.1m567,273377,976795,077642,692918,048905,394809,591576,868700,953756,209384,848310,863
490/1 7,5644,70611,7718,5225,1466,6644,0183,7408,60910,88510,8363,4303,49022,44413,3645,364-55
Balance sheet: equity and liabilities
10/49 2.5m2.4m2.0m1.5m1.9m2.0m1.8m1.4m2.2m2.3m2.3m2.5m2.1m1.9m1.6m1.1m898,937531,618
10/15 2.2m1.7m1.4m1.3m1.1m1.5m1.5m1.3m2.1m1.9m1.9m2.0m1.7m1.4m1.1m900,777524,121129,041
10/11 45,00045,00045,00045,00045,00045,00045,00045,000828,000828,000828,000828,00045,00045,00045,00045,00045,00045,000
100 ------45,00045,000828,000828,000828,000828,00045,00045,00045,00045,00045,00045,000
11 -----45,000------------
1109/19 -----45,000------------
13 1.6m1.2m800,716800,716800,7161.4m1.2m1.1m1.1m967,800989,500989,5001.5m1.4m1.1m846,156473,29574,500
130/1 82,80082,80082,80082,80082,80082,800------------
130 ------82,80082,80082,80082,80082,80082,8004,5004,5004,5004,5004,5004,500
1311 82,80082,80082,80082,80082,80082,800------------
132 --347,000347,000347,000347,000347,000285,000285,000285,000285,000285,000262,500480,000390,000251,656168,795-
133 1.5m1.1m370,916370,916370,916969,480760,000760,000760,000600,000621,700621,7001.3m870,000680,000590,000300,00070,000
14 535,805459,270518,948379,407219,8741,435209,48053,8218,1351271,80810,8148,2205,1554,1989,6215,8269,541
15 40,24646,56552,88559,20465,52471,84478,16384,48390,802101,122111,441121,761116,080-----
17/49 285,213722,733582,432190,986735,633497,272279,325119,447116,994438,713356,264535,372424,063496,323430,027190,671374,816402,577
17 --12,62525,250-----132,250156,853180,718203,895135,705-11,01023,66235,729
170/4 --12,62525,250-----132,250156,853180,718203,895135,705-11,01023,66235,729
42/48 285,213722,733569,807164,782735,633497,272279,325119,447116,994306,442199,411354,654220,168359,698430,027179,061350,838366,827
42 -12,62512,625------24,60323,86523,17722,49526,73511,01012,65212,06811,511
43 ---12,625--------------
430/8 ---12,625--------------
44 282,514545,078554,781139,504133,753198,606246,394114,91284,057135,43038,806132,606104,047298,062311,48160,001170,512292,743
440/4 282,514545,078554,781139,504133,753198,606246,394114,91284,057135,43038,806132,606104,047298,062311,48160,001170,512292,743
46 -----3,596--------91,571---
45 2,49914,8302,20012,4521,861-12,8614,53532,93726,40916,74078,87132,77629,05110,115100,551162,40856,198
450/3 1712,532-12,45278-12,8611,32232,93717,2788,69274,37326,49522,5854,63386,733156,26350,891
454/9 2,4822,2972,200-1,783--3,213-9,1318,0484,4986,2816,4665,48213,8186,1455,307
47/48 200150,200200200600,020295,06920,069--120,000120,000120,00060,8505,8505,8505,8575,8506,375
492/3 ---955-----21---920-60031621
Income statement
70 -----------2.1m2.7m1.9m1.8m1.7m2.9m1.7m
76A ---------8,376--------
9900 848,088844,999276,671333,751518,312482,805364,295140,822360,396314,713340,335734,031361,246441,931359,359745,009660,299193,502
60/61 -----------1.4m2.3m1.5m1.5m965,1532.2m1.5m
62 60,53666,38051,11955,83645,0084,6442,41810,09543,29993,42886,17649,87756,69446,50846,24849,40584,54233,785
630 70,78969,60533,98171,05550,54246,33545,04559,35582,19087,60683,13785,09497,82360,20241,24834,75135,13021,214
631/4 -----424--736---------
640/8 13,6785,4537,6676,1058,9927,3157,0045,9142,7074,2154,1184,0122,0724,82610,52512,5234,9012,079
66A -79,038-----7,218---4,42410,433-1,79580,557--
9901 703,085624,524183,904200,755413,771424,087309,82858,240231,464129,464166,904595,048204,657330,395261,338648,330535,726136,424
75/76B 16,29818,9386,32012,5917,6298,4207,9067,86413,18316,09520,33911,6288,4393,88816,45211,8887,5192,075
75 16,29818,9386,32012,5917,6298,4207,9067,86413,18316,09520,33911,6288,4393,88816,45211,8887,5192,075
65/66B 3,6442,8113,73446242010,6232081,7473,52117,90830,81633,5366,6426368601,4331,9904,200
65 3,6442,8113,73446242010,6232081,7473,52117,90830,81633,5366,6426368601,4331,9904,200
9903 715,739640,651186,489212,885420,981421,884317,52664,356241,126136,027156,427568,716196,021333,647275,135578,228541,255134,299
67/77 179,934181,38146,94853,35196,106125,44999,86718,67173,11839,40845,433123,6224,60646,84046,364195,721140,32543,883
9904 535,805459,270139,541159,533324,874296,435217,65945,685168,00896,619110,994445,094191,415286,807228,771382,507400,93090,416
789 -347,000---------180,000300,000--0--
689 ------62,000----202,50082,50090,000138,344132,271168,795-
9905 535,805806,270139,541159,533324,874296,435155,65945,685168,00896,619110,994422,594408,915196,80790,427250,236232,13590,416
Appropriation of the result
9906 995,0741.3m518,948379,407326,310505,916209,48053,821168,13598,427121,808430,814414,070201,005100,048256,062241,67690,416
14P 459,270518,948379,407219,8741,435-------------
791/2 -150,000--600,000----21,700-948,300------
691/2 459,270865,948--1,435209,480--160,000--378,300400,000190,00090,000240,591230,00074,500
6920 -----------78,300-----4,500
6921 459,270865,948--1,435209,480--160,000--300,000400,000190,00090,000240,591230,00070,000
694/7 -150,000--705,000295,000---120,000120,000990,0005,8505,8505,8505,8505,8506,375
694 -150,000--705,000295,000---120,000120,000990,0005,8505,8505,8505,8505,8506,375
Social balance sheet
9087 --10.80.8---0.621.91111122
Hours worked1013 ---1,3431,406---9633,4873,2381,2661,7641,6701,4461,6623,9302,506
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
773,874694,128217,885271,810464,313470,422354,873117,595313,654217,070250,041680,142302,480390,597302,586683,081570,856157,638
606,594528,874173,521230,588375,416342,771262,705105,040250,198184,225194,131530,188289,238347,009270,019417,258436,060111,630
022,32042,98321,240128,03320,3071,6603,95611,298122,5591,99360,020224,536520,065120,14569,80394,880143,100
-578,541364,828580,467-343,936-199,486540,864189,297-417,101152,385-275,35612,65495,803232,723-124,085-55,256371,36173,985-
1.8m1.2m849,602738,963509,730973,666952,521697,7961.3m1.2m1.3m1.3m1.0m788,395830,676695,926366,46342,905
-----------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%
7.272.642.495.481.692.964.416.8412.475.077.674.655.763.192.934.892.041.12
6.982.532.355.241.642.884.276.5112.134.937.454.545.603.142.674.771.971.07
0.130.420.410.150.650.330.180.090.060.230.180.270.250.350.380.210.723.12
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 100over 10058.34over 100over 100-------------
-----------28 days37 days89 days47 days19 days13 days13 days
-----------34 days16 days74 days77 days23 days28 days71 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

Item30-09-202330-09-202230-09-2021
Employees at the balance-sheet date111
part-time111
in full-time equivalents0.80.80.8
-0.80.8
On a permanent contract111
Joined--1
Left--0

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

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
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.

Board & ownership

Board

2 directors, last change in 2023
HEUVEREM BV
Director (not named in the articles), permanent representative EYKERMAN Filips
appointed by deed of 27-06-2023 term without a fixed end
earlier statutory director, until 27-06-2023
listed in the 2025 annual accounts, filed on 17-02-2026
VAN LAETHEM Anja
Director (not named in the articles)
appointed by deed of 27-06-2023 term without a fixed end
earlier statutory director, until 27-06-2023
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 17-02-2026
Permanent representatives 1
EYKERMAN Filips
Permanent representative, for HEUVEREM
appointed by deed of 27-06-2023

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
VAN LAETHEM Anja
Director (not named in the articles)
HEUVEREM
Director (not named in the articles)
André DUMORTIER
Statutory manager
Benoît MARBAIX
Statutory manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • VAN LAETHEM Anja
    • Director (not named in the articles), from 07-05-2007 to date
    • Statutory director, until 27-06-2023
  • HEUVEREM
    • Statutory manager, from 21-03-2018 to 27-06-2023
    • Director (not named in the articles), appointed by deed of 27-06-2023, still in office
  • André DUMORTIER
    • Statutory manager, until 19-03-2018
  • Benoît MARBAIX
    • Statutory manager, until 19-03-2018

See the board, name and registered office on a given date →

Control

Parent
HEUVEREM
Equity €1.5m
Profit €220,425 in 2025 (profit €106,900 in 2024)
Source: accounts HEUVEREM 2025
75%
This company
VDM Process
Equity €2.2m
Profit €535,805 in 2025

Capital

Contribution
€45,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
HEUVEREM
66.66%75%
75%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 27-06-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of November at 18:00

Network & group

Group

HEUVEREM has 1 direct subsidiary (2025 accounts), the bar shows equity in euros
ParentHEUVEREM1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

  • BE VDM PROCESS BVBA75% €2.2m result €535,805

Source: list of holdings in the 2025 accounts of HEUVEREM. Every holding stands with its own latest accounts.

Connections & network

2 current directors
Depth

The network lets you explore the ties of VDM Process.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

32 events since 2007

Deadline for the 2026 accounts: 30-04-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0889452881
Annual accounts 2025 filed PDFfull format · 72 days before the deadline
2025
Highest result from 2008 to 2025 net €535,805 ▲16.7% The operating result of €703,085 and the net result of €535,805 are both a record.
Liquidity more than doubled current ratio 7.27 The current ratio rises from 2.64 to 7.27. Short-term debt falls from €722,733 to €285,213.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
Annual accounts 2023 filed PDFmicro format · 359 days late
2023
Amendment of the articles · Legal-form change · Resignations & appointmentsChanges of role: VAN LAETHEM Anja (director) and HEUVEREM (director) · Permanent representative: EYKERMAN Filips · “Etude et réalisation d'installations générales dans le domaine industriel et privé; Etude, réalisation et…” (deed in French) · General meeting of 06-06-202312 points ▸
  • General meeting, 06-06-2023
  • Incorporation, 07-05-2007
  • Amendment of the articles, article 9
  • Director resignation, VAN LAETHEM Anja (statutory director)
  • Director resignation, HEUVEREM (statutory director)
  • Director discharge, VAN LAETHEM Anja
  • Director discharge, HEUVEREM
  • Board rule, 2
  • Director appointment, VAN LAETHEM Anja (director (not named in the articles))
  • Director appointment, HEUVEREM (director (not named in the articles))
  • Permanent representative, EYKERMAN Filips
  • Registered office clause, Rue de l’Atelier 7, 1480 Tubize
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 30 days late
2022
Liquidity more than triples current ratio 5.48 The current ratio rises from 1.69 to 5.48. Short-term debt falls from €735,633 to €164,782.
Annual accounts 2021 filed PDFfull format · 5 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · on the deadline day
2020
Annual accounts 2019 filed PDFfull format · 104 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · 74 days before the deadline
2018
Weakest financial year net €45,685 ▼72.8% The net result drops to €45,685, the lowest from 2008 to 2025. It recovers the following year.
Registered office moved from Chièvres to TubizeCapital decrease of €783,000 to €45,000 · Capital from €828,000 to €45,000 · New registered office: rue de l'Atelier 7, 1480 Tubize · General meeting of 21-03-201810 points ▸
  • General meeting, 21-03-2018
  • Capital decrease, €783,000
  • Amendment of the articles, article 6
  • Registered-office move, rue de l'Atelier 7, 1480 Tubize
  • Amendment of the articles, article 3
  • Director resignation, André DUMORTIER (statutory manager)
  • Director resignation, Benoît MARBAIX (statutory manager)
  • Director appointment, HEUVEREM (statutory manager)
  • Permanent representative, VAN LAETHEM Anja
  • Amendment of the articles, article 10

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFfull format · 104 days before the deadline
2017
Liquidity more than doubled current ratio 12.47 The current ratio rises from 5.07 to 12.47. Short-term debt falls from €306,442 to €116,994.
Equity above €2m equity €2.1m ▲8.3% Equity rises from €1.9m to €2.1m.
2016
Annual accounts 2016 filed PDFfull format · 141 days before the deadline
2015
Annual accounts 2015 filed PDFfull format · 137 days before the deadline
2014
Annual accounts 2014 filed PDFfull format · 161 days before the deadline
2013
Annual accounts 2013 filed PDFfull format · 137 days before the deadline
2012
Annual accounts 2012 filed PDFfull format · 133 days before the deadline
2011
Annual accounts 2011 filed PDFfull format · 151 days before the deadline
Equity above €1m equity €1.1m ▲24.7% With a profit in every financial year since 2008, equity grows to €1.1m.
2010
Annual accounts 2010 filed PDFfull format · 134 days before the deadline
Liquidity more than doubled current ratio 4.89 The current ratio rises from 2.04 to 4.89. Short-term debt falls from €350,838 to €179,061.
2009
Annual accounts 2009 filed PDFfull format · 148 days before the deadline
Equity above €500,000 equity €524,121 ▲306% With a profit in every financial year since 2008, equity grows to €524,121.
2008
Annual accounts 2008 filed PDFfull format · 160 days before the deadline
2007
First establishment Rue de l'Atelier 7, Tubize
Incorporation PDFpublished on 25-05-2007

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

VDM Process was incorporated on 15 May 2007.1 The registered office was moved to Tubize in 2018.2 Total assets rose from €1.8m in 2019 to €2.5m in 2025 and headcount from 0.8 full-time equivalents in 2021 to 1 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-04-2018
  3. 3National Bank, annual accounts 2019, 2021, 2023 and 2025

Company details

Identity

Enterprise number
0889.452.881
VAT number
BE 0889.452.881
Peppol ID
0208:0889452881
Legal form
Private limited company
Status
Active, normal situation
Founded
15-05-2007
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of November at 18:00
deed of 27-06-2023 (in French)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VDM Process in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-06-2023 (in French)

Activities

NACEBEL 2025
VAT activities
71121 Engineering and related technical consultancy, excluding land surveyors main activity
46842 Wholesale trade
47521 Retail sale of hardware, building materials, paint and glass (general range)
Social security (RSZ) activities
25210 Manufacture of fabricated metal products, except machinery and equipment main activity
Joint committees annual accounts 30-09-2025
JC 111 Metal, mechanical and electrical engineering
JC 209 White-collar workers in metal manufacturing
Codes under NACEBEL 2008
VAT activities
71121 Engineering activities main activity
46742 Wholesale trade
47521 Retail trade
Social security (RSZ) activities
25300 Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
74203 main activity
51542
52461
PurposeThe purpose describes the activities the company may carry out under its articles.
“Etude et réalisation d'installations générales dans le domaine industriel et privé; Etude, réalisation et installation de réseaux de…”
13 activities
  1. Etude et réalisation d'installations générales dans le domaine industriel et privé
  2. Etude, réalisation et installation de réseaux de tuyauterie, y compris le traitement complémentaire des tubes de manière à réaliser des conduites ou des réseaux sous pression
  3. Etude, réalisation et installation de réseaux de tuyauterie pour le milieu pharmaceutique et agroalimentaire
  4. Fabrication et installation d'accessoires de tuyauterie
  5. Fabrication et installation d'équipements industriels
  6. Inspection d'installations générales, d'équipements industriels et de tuyauteries
  7. Commerce de gros ou de détail de tubes, tuyaux, raccords de tuyauterie
  8. Installation de câbles, armoires et autres appareils électriques, câblage
  9. Tous les travaux de mécanique en général, de parachèvement d'ensemble, de travaux de fraisage, d'alésage, de tournage, de rabotage, de rectification, de travaux de mécanosoudure, de fabrication, de transformation d'éléments et autres.
  10. Permettre l'octroi de prêts et d'ouvertures de crédit aux personnes morales et aux entreprises ou aux particuliers sous n’importe quelle forme. Dans ce cadre, elle peut effectuer toutes les opérations commerciales et financières à l'exception de celles réservées par la loi aux banques de dépôts, aux dépositaires de dépôts à court terme, aux caisses d'épargne, aux sociétés hypothécaires et aux sociétés de capitalisation. Elle peut hypothéquer ses biens immobiliers et donner en gage tous ses autres biens, y compris le fonds de commerce. Elle peut garantir et cautionner tous prêts, ouvertures de crédit et autres engagements tant pour ellemême que pour toutes les sociétés du groupe à la condition qu'elle y ait un intérêt.
  11. La création, le développement judicieux et la gestion d'un patrimoine immobilier ; toutes les opérations relatives aux biens immobiliers et aux droits réels immobiliers, telles que l'achat et la vente, la construction, que ce soit clé sur porte ou non, la transformation, la promotion, l'aménagement, l'exploitation, la gestion, mettre ou prendre en location, l'échange, le lotissement, l'évaluation et en général, toutes les opérations qui se rapportent directement ou indirectement à la gestion ou à l'utilisation productive des biens immobiliers ou des droits réels immobiliers
  12. La constitution, le développement judicieux et la gestion d'un patrimoine mobilier ; toutes opérations relatives aux biens et droits mobiliers de toute nature, telles que l'achat et la vente, la prise à bail et la location, l'échange ; la gestion et la valorisation de tous titres négociables, actions, obligations, fonds d’état
  13. La constitution, le développement judicieux et la gestion d'un patrimoine mobilier, toutes opérations portant sur des biens et droits mobiliers, de quelque nature qu'ils soient, telles que l'acquisition par souscription ou achat et la gestion d'actions, d'obligations, de bons de caisse ou d'autres titres mobiliers, sous quelque forme que ce soit, de personnes morales et d'entreprises belges ou étrangères, existantes ou à créer.
deed of 27-06-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de l'Atelier 7 registered office 1480 Tubize 16-05-2007 2.162.589.165
1 former office
  • 7950 Chièvres (Huissignies) until the deed of 06-04-2018

Buildings and parcels at the address

Ground area
1,197 m²
Buildings
565 m²
Volume, LiDAR
3,888 m³
Tallest building
7.9 m
Buildings to scale, each on its own parcel
565 m², 7.9 m 565 m², 7.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
25105B0357/00F0041,197 m² 1 · 565 m² 7.9 m · 2

Contact

Phone +32 2 390 90 44 establishment in Tubize
Fax +32 2 390 08 44 establishment in Tubize

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