VDM-T
ActiveSummary
The computed 12-month bankruptcy probability of VDM-T is 1.7% (moderate). The 2025 annual accounts show equity of €530,827 and a net result of €131,229. Equity is growing by ~77.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 28806 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-9
Solvency98▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 9.01 against 6.45 in 2024; short-term debt: 7.2% and cash: 27.8% of total assets), and 27.3% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
72.7%
Return on assets
18%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 6 filingsDeviation from the deadline
2025
20 d late
2024
29 d late
2023
28 d late
2022
29 d late
2021
5 d early
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€530,827▲ 32.8%
2024 · €399,598
Total assets
€729,832▲ 17.4%
2024 · €621,560
Net result
€131,229▼ 18.9%
2024 · €161,855
Working capital
€422,696▲ 26.8%
2024 · €333,361
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,735▲ 97.2%€80,955▲ 47.9%€137,841▲ 70.3%€230,125▲ 66.9%€185,133▼ 19.6%
Net result€39,931above the sector's middle half▲ 96.9%€68,561above the sector's middle half▲ 71.7%€98,976above the sector's middle half▲ 44.4%€161,855above the sector's middle half▲ 63.5%€131,229above the sector's middle half▼ 18.9%
Equity€70,207within the sector's middle half▲ 132%€138,768above the sector's middle half▲ 97.7%€237,743above the sector's middle half▲ 71.3%€399,598above the sector's middle half▲ 68.1%€530,827above the sector's middle half▲ 32.8%
Total assets€106,008within the sector's middle half▲ 60.5%€374,867above the sector's middle half▲ 254%€460,796above the sector's middle half▲ 22.9%€621,560above the sector's middle half▲ 34.9%€729,832above the sector's middle half▲ 17.4%
Debt€35,800▲ 0.1%€236,099▲ 559%€223,053▼ 5.5%€221,961▼ 0.5%€199,005▼ 10.3%
Working capital€43,149within the sector's middle half▲ 165%€95,003above the sector's middle half▲ 120%€190,619above the sector's middle half▲ 101%€333,361above the sector's middle half▲ 74.9%€422,696above the sector's middle half▲ 26.8%
Solvency66.2%above the sector's middle half▲ 20.4pp37.0%within the sector's middle half▼ 29.2pp51.6%within the sector's middle half▲ 14.6pp64.3%within the sector's middle half▲ 12.7pp72.7%above the sector's middle half▲ 8.4pp
Current ratio2.22within the sector's middle half▲ 0.692.74within the sector's middle half▲ 0.524.65above the sector's middle half▲ 1.916.45above the sector's middle half▲ 1.809.01above the sector's middle half▲ 2.56
Return on assets (ROA)37.7%above the sector's middle half▲ 7.0pp18.3%above the sector's middle half▼ 19.4pp21.5%above the sector's middle half▲ 3.2pp26.0%above the sector's middle half▲ 4.6pp18.0%above the sector's middle half▼ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €729,832
Fixed assets
€254,378 ▲ 12.0%
Current assets
€475,455 ▲ 20.5%
Equity and liabilities €729,832
Equity
€530,827 ▲ 32.8%
Debt
€199,005 ▼ 10.3%
Debt's share of the balance-sheet total falls from 35.7% to 27.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€212,592▼
2024 · €249,698
Cash flow
€158,688▼
2024 · €181,429
Quick ratio
6.93▲
2024 · 4.99
Debt to equity
0.37▼
2024 · 0.56
ROE
24.7%▼
2024 · 40.5%
Interest coverage
49.19▼
2024 · 53.53
Debt ≤ 1 year
€52,759▼
2024 · €61,161
Debt > 1 year
€144,964▼
2024 · €157,394
Income taxes
€53,563▼
2024 · €69,394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,640 | €10,574 | €17,114 | €19,574 | €27,459 | ▲ 40.3% |
| Other operating charges640/8 | €675 | €961 | €853 | €1,930 | €1,909 | ▼ 1.1% |
| Gross operating margin9900 | €60,049 | €92,489 | €155,809 | €251,628 | €214,501 | ▼ 14.8% |
| Operating profit (loss)9901 | €54,735 | €80,955 | €137,841 | €230,125 | €185,133 | ▼ 19.6% |
| Financial income75/76B | €349 | €2,717 | €5,765 | €5,789 | €3,981 | ▼ 31.2% |
| Recurring financial income75 | €349 | €2,717 | €5,765 | €5,789 | €3,981 | ▼ 31.2% |
| Financial charges65/66B | €812 | €2,172 | €4,423 | €4,665 | €4,322 | ▼ 7.4% |
| Recurring financial charges65 | €812 | €2,172 | €4,423 | €4,665 | €4,322 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €54,271 | €81,500 | €139,184 | €231,249 | €184,793 | ▼ 20.1% |
| Income taxes67/77 | €14,340 | €12,939 | €40,208 | €69,394 | €53,563 | ▼ 22.8% |
| Profit (loss) for the period9904 | €39,931 | €68,561 | €98,976 | €161,855 | €131,229 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €39,931 | €68,561 | €98,976 | €161,855 | €131,229 | ▼ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,008 | €374,867 | €460,796 | €621,560 | €729,832 | ▲ 17.4% |
| Fixed assets21/28 | €27,524 | €225,306 | €217,992 | €227,037 | €254,378 | ▲ 12.0% |
| Tangible fixed assets22/27 | €27,524 | €225,306 | €217,992 | €227,037 | €254,378 | ▲ 12.0% |
| Land and buildings22 | - | €210,164 | €199,366 | €213,590 | €200,136 | ▼ 6.3% |
| Plant, machinery and equipment23 | €4,629 | €3,989 | €3,349 | €2,708 | €2,068 | ▼ 23.6% |
| Furniture and vehicles24 | €13,925 | €11,153 | €15,278 | €10,739 | €52,173 | ▲ 386% |
| Assets under construction and advance payments27 | €8,970 | - | - | - | - | - |
| Current assets29/58 | €78,484 | €149,562 | €242,804 | €394,523 | €475,455 | ▲ 20.5% |
| Stocks and contracts in progress3 | - | - | €23,387 | €89,331 | €109,656 | ▲ 22.8% |
| Contracts in progress37 | - | - | €23,387 | €89,331 | €109,656 | ▲ 22.8% |
| Amounts receivable within one year40/41 | €61,060 | €98,944 | €147,554 | €124,129 | €163,263 | ▲ 31.5% |
| Trade receivables40 | €46,867 | €71,435 | €116,332 | €98,288 | €153,703 | ▲ 56.4% |
| Other amounts receivable41 | €14,193 | €27,509 | €31,222 | €25,841 | €9,560 | ▼ 63.0% |
| Cash at bank and in hand54/58 | €17,424 | €50,183 | €68,046 | €181,063 | €202,537 | ▲ 11.9% |
| Deferred charges and accrued income490/1 | - | €435 | €3,817 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,008 | €374,867 | €460,796 | €621,560 | €729,832 | ▲ 17.4% |
| Equity10/15 | €70,207 | €138,768 | €237,743 | €399,598 | €530,827 | ▲ 32.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €60,207 | €128,768 | €227,743 | €389,598 | €520,827 | ▲ 33.7% |
| Distributable reserves133 | €60,207 | €128,768 | €227,743 | €389,598 | €520,827 | ▲ 33.7% |
| Amounts payable17/49 | €35,800 | €236,099 | €223,053 | €221,961 | €199,005 | ▼ 10.3% |
| Amounts payable after more than one year17 | €400 | €181,541 | €169,585 | €157,394 | €144,964 | ▼ 7.9% |
| Financial debts170/4 | €400 | €181,541 | €169,585 | €157,394 | €144,964 | ▼ 7.9% |
| Amounts payable within one year42/48 | €35,335 | €54,559 | €52,185 | €61,161 | €52,759 | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | €4,755 | €13,092 | €11,955 | €12,191 | €12,431 | ▲ 2.0% |
| Financial debts43 | - | - | - | €8,482 | €8,426 | ▼ 0.7% |
| Credit institutions430/8 | - | - | - | €8,482 | €8,426 | ▼ 0.7% |
| Trade debts44 | €11,164 | €24,001 | €18,423 | €2,744 | €7,901 | ▲ 188% |
| Suppliers440/4 | €11,164 | €24,001 | €18,423 | €2,744 | €7,901 | ▲ 188% |
| Taxes, remuneration and social security45 | €9,233 | €12,208 | €16,527 | €31,436 | €17,198 | ▼ 45.3% |
| Taxes450/3 | €6,163 | €9,138 | €12,023 | €28,266 | €17,198 | ▼ 39.2% |
| Remuneration and social security454/9 | €3,070 | €3,070 | €4,505 | €3,170 | €0 | ▼ 100% |
| Other amounts payable47/48 | €10,183 | €5,258 | €5,279 | €6,308 | €6,803 | ▲ 7.8% |
| Accrued charges and deferred income492/3 | €65 | - | €1,282 | €3,406 | €1,282 | ▼ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,931 | €68,561 | €98,976 | €161,855 | €131,229 | ▼ 18.9% |
| + Depreciation and write-downs630 | €4,640 | €10,574 | €17,114 | €19,574 | €27,459 | ▲ 40.3% |
| Operating cash flow (approximation) | €44,571 | €79,134 | €116,090 | €181,429 | €158,688 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€208,356 | -€9,801 | -€28,619 | -€54,800 | ▼ 91.5% |
| Change in cash | - | €32,758 | €17,864 | €113,017 | €21,474 | ▼ 81.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Equity above €500,000Eq €530,827 ▲32.8%
6 profitable years in a row build equity to €530,827.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2020net €161,855 ▲63.5%
Operating result €230,125, net result €161,855, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €200,000Eq €237,743 ▲71.3%
4 profitable years in a row build equity to €237,743.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €100,000Eq €138,768 ▲97.7%
3 profitable years in a row build equity to €138,768.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 2020
Ground area
393 m²
Building footprint
108 m²
Volume, LiDAR
686 m³
Parcel 36494D0699/00B003, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDM-T
since 2020unit no. 2.300.221.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0699/00B003 | Flanders | 393 m² | 1 · 108 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 6,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744973559
Also
9925:BE0744973559
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.