VdM Project
The computed 12-month bankruptcy probability of VdM Project is 2.1% (moderate). The 2024 annual accounts show equity of €97k and a net result of €4k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 36383 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €97k |
| Net result | €4k |
| Better than sector | 74% |
| Active | 7 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 68.4% | 46.6% | |
| Net result | €4k | €9k | |
| Equity | €97k | €58k | |
| Gross operating margin | €28k | €38k | |
| Total assets | €141k | €140k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €27k | €61k | €11k | €40k |
| Net profit | €4k | €35k | €-7k | €21k |
| Cash flow | €24k | €50k | €10k | €36k |
| Staff costs | - | - | - | - |
| Income taxes | €1k | €10k | - | €4k |
| Dividends | €2k | €2k | €2k | €2k |
| Total assets | €141k | €139k | €100k | €118k |
| Equity | €97k | €94k | €61k | €69k |
| Debt | €45k | €45k | €40k | €49k |
| of which ≤ 1y | €20k | €42k | €30k | €33k |
| of which > 1y | €25k | €3k | €9k | €16k |
| Working capital | €71k | €75k | €33k | €30k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 4.60 | 2.77 | 2.07 | 1.92 |
| Quick ratio | 4.58 | 2.76 | 2.06 | 1.92 |
| Working capital ratio | 50.6% | 53.8% | 32.4% | 25.8% |
| Solvency | 68.4% | 67.7% | 60.5% | 58.8% |
| Debt / equity | 0.46 | 0.48 | 0.65 | 0.70 |
| Long-term debt ratio | 0.26 | 0.03 | 0.15 | 0.23 |
| Interest coverage | 18.92 | 176.89 | 24.44 | 73.23 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.9% | 25.1% | -6.8% | 17.4% |
| ROE | 4.3% | 37.1% | -11.2% | 29.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €141k | €139k | €100k | €118k |
| Fixed assets | 21/28 | €50k | €22k | €37k | €54k |
| Tangible fixed assets | 22/27 | €50k | €22k | €37k | €54k |
| Financial fixed assets | 28 | €96 | €96 | €96 | €96 |
| Current assets | 29/58 | €91k | €117k | €63k | €63k |
| Stocks & contracts in progress | 3 | €375 | €514 | €419 | €290 |
| Amounts receivable within one year | 40/41 | €19k | €51k | €21k | €22k |
| Cash & bank | 54/58 | €69k | €63k | €39k | €38k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €141k | €139k | €100k | €118k |
| Equity | 10/15 | €97k | €94k | €61k | €69k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €78k | €75k | €49k | €51k |
| Accumulated profits (losses) | 14 | - | - | €-7k | - |
| Amounts payable | 17/49 | €45k | €45k | €40k | €49k |
| Amounts payable after one year | 17 | €25k | €3k | €9k | €16k |
| Amounts payable within one year | 42/48 | €20k | €42k | €30k | €33k |
| Trade debts payable within one year | 44 | €3k | €739 | €2k | €5k |
| Income statement | |||||
| Gross operating margin | 9900 | €28k | €62k | €12k | €41k |
| Operating result | 9901 | €7k | €46k | €-6k | €25k |
| Financial income | 75 | €0 | - | €0 | €186 |
| Financial charges | 65 | €1k | €345 | €436 | €549 |
| Result before taxes | 9903 | €5k | €45k | €-7k | €24k |
| Income taxes | 67/77 | €1k | €10k | - | €4k |
| Net result for the period | 9904 | €4k | €35k | €-7k | €21k |
| Result to be appropriated | 9905 | €4k | €35k | €-7k | €21k |
| NACE primary | Other construction installation(43240) |
| Legal form | Private limited company(610) |
| Incorporation | 21-09-2018 |
| Status | Active |
| Postal code | 9280 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42027B0439/00C000 | Flanders | 1,119 m² | 1 · 202 m² | 7.7 m · 2 fl. |
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
11-05-2023 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Henri Van den Bossche",
"firm_city": null,
"firm_name": null,
"office_city": "Buggenhout",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-05-11",
"filing_date": "2023-05-09",
"act_kind_objet": "STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), ONTSLAGEN, BENOEMINGEN, WIJZIGING RECHTSVORM"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-04-12",
"unanimous": null
},
"agm_change": null,
"detected_kind": "statutes_change",
"other_address": null,
"mandate_renewal": {
"period_end": null,
"mandate_kind": "bestuurder",
"period_start": null,
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": null,
"person_or_entity_name": "VAN dEN MEERSCHE Bart"
},
"subject_company": {
"kbo": "0704.899.295",
"name_full": "VdM Project",
"legal_form": "BV"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"afschrift van de akte inhoudende volledig nieuwe statuten"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": null,
"new_start_mm_dd": "01",
"old_start_mm_dd": null,
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": {
"grantee_kbo": null,
"grantee_name": "ADB fisc",
"grantor_name": "VdM Project",
"scope_summary": "Machtiging om de inschrijving van de vennootschap in het rechtspersonenregister, bij het ondernemingsloket, in de Kruispuntbank van Ondernemingen, en bij de B.T.W.-administratie te wijzigen, en de notaris voor formaliteiten bij de bevoegde rechtbank te ondersteunen.",
"monetary_cap_eur": null,
"scope_categories": [
"publication",
"tax"
],
"termination_clause": null,
"substitution_allowed": false
},
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameNL | VdM Project |