VDN
ActiveSummary
The computed 12-month bankruptcy probability of VDN is 1.9% (moderate). The 2025 annual accounts show equity of €64,856 and a net result of €17,377. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 1918 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Removal services
NACE 49420Organisation of conventions and trade shows NACE 82300
2 sites
How big
€239,261total assets 2025
- Staff
- 6.1 FTE
- Equity
- €64,856
- Profit
- €17,377
Who decides
Accounts filed 31 d late0 of 2 deeds read
Why 61- Higher-failure-rate sector- Multiple establishment units- Higher-failure-rate region+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency52▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.2 in 2024; short-term debt: 72.1% and cash: 25.3% of total assets), and 72.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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
27.1%
Return on assets
7.3%
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 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
60 d late
2021
31 d late
2020
142 d late
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 31 August (5 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
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · full…
- Back to profitnet €81,583
Financials
Fiscal year 2025Total assets €239,261Profit €17,377Solvency 27.1%Liquidity 1.27
Total assets
€239,261▼ 6.9%
2018 - 2025
Net result
€17,377▼ 78.7%
2018 - 2025
Equity
€64,856▲ 36.6%
2018 - 2025
Staff (FTE)
6.1▲ 19.6%
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 49, Land transport and transport via pipelines, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,379-€17,535-€23,421▼ 33.6%€97,260€25,657▼ 73.6%
Net result€16,030within the sector's middle half-€19,800below the sector's middle half-€21,491below the sector's middle half▼ 8.5%€81,583within the sector's middle half€17,377within the sector's middle half▼ 78.7%
Equity€7,187below the sector's middle half-€12,613below the sector's middle half-€34,104below the sector's middle half▼ 170%€47,479below the sector's middle half€64,856within the sector's middle half▲ 36.6%
Total assets€154,889below the sector's middle half▲ 419%€158,960below the sector's middle half▲ 2.6%€207,591below the sector's middle half▲ 30.6%€256,896below the sector's middle half▲ 23.8%€239,261within the sector's middle half▼ 6.9%
Debt€147,702▲ 282%€171,574▲ 16.2%€241,695▲ 40.9%€209,417▼ 13.4%€174,405▼ 16.7%
Working capital€10,881within the sector's middle half-€20,463within the sector's middle half-€36,043within the sector's middle half▼ 76.1%€40,613within the sector's middle half€47,431within the sector's middle half▲ 16.8%
Solvency4.6%below the sector's middle half▲ 34.3pp-7.9%below the sector's middle half▼ 12.6pp-16.4%below the sector's middle half▼ 8.5pp18.5%within the sector's middle half▲ 34.9pp27.1%within the sector's middle half▲ 8.6pp
Current ratio1.08within the sector's middle half▲ 0.140.88below the sector's middle half▼ 0.200.85below the sector's middle half▼ 0.031.20within the sector's middle half▲ 0.351.27within the sector's middle half▲ 0.08
Return on assets (ROA)10.3%above the sector's middle half▲ 73.8pp-12.5%below the sector's middle half▼ 22.8pp-10.4%below the sector's middle half▲ 2.1pp31.8%above the sector's middle half▲ 42.1pp7.3%within the sector's middle half▼ 24.5pp
Staff (FTE)6.1below the sector's middle half▲ 165%9.8within the sector's middle half▲ 60.7%7.3within the sector's middle half▼ 25.5%5.1below the sector's middle half▼ 30.1%6.1within the sector's middle half▲ 19.6%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,261
Fixed assets
€19,212 ▲ 90.1%
Current assets
€220,049 ▼ 10.8%
Equity and liabilities €239,261
Equity
€64,856 ▲ 36.6%
Debt
€174,405 ▼ 16.7%
Debt's share of the balance-sheet total falls from 81.5% to 72.9%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€30,231▼
2024 · €101,729
Cash flow
€21,951▼
2024 · €86,053
Debt to equity
2.69▼
2024 · 4.41
ROE
26.8%▼
2024 · 171.8%
Interest coverage
17.70▼
2024 · 18.96
Debt ≤ 1 year
€172,619▼
2024 · €206,178
Debt > 1 year
€1,787▼
2024 · €3,239
Income taxes
€7,000▼
2024 · €11,000
Staff costs
€220,608▲
2024 · €206,295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
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 6,713 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €500 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €158,355 | €279,087 | €241,684 | €206,295 | €220,608 | ▲ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,658 | €3,843 | €5,306 | €4,470 | €4,574 | ▲ 2.3% |
| Other operating charges640/8 | €1,006 | €2,038 | €787 | €3,608 | €1,253 | ▼ 65.3% |
| Non-recurring operating charges66A | - | €455 | - | - | - | - |
| Gross operating margin9900 | €187,398 | €267,888 | €224,357 | €311,633 | €252,093 | ▼ 19.1% |
| Operating profit (loss)9901 | €25,379 | -€17,535 | -€23,421 | €97,260 | €25,657 | ▼ 73.6% |
| Financial income75/76B | €0 | €549 | €1 | €690 | €428 | ▼ 38.0% |
| Recurring financial income75 | €0 | €549 | €1 | €690 | €428 | ▼ 38.0% |
| Financial charges65/66B | €1,349 | €2,814 | €4,357 | €5,366 | €1,708 | ▼ 68.2% |
| Recurring financial charges65 | €1,349 | €2,814 | €4,357 | €5,366 | €1,708 | ▼ 68.2% |
| Profit (loss) for the period before taxes9903 | €24,030 | -€19,800 | -€27,776 | €92,583 | €24,377 | ▼ 73.7% |
| Income taxes67/77 | €8,000 | - | -€6,285 | €11,000 | €7,000 | ▼ 36.4% |
| Profit (loss) for the period9904 | €16,030 | -€19,800 | -€21,491 | €81,583 | €17,377 | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €16,030 | -€19,800 | -€21,491 | €81,583 | €17,377 | ▼ 78.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154,889 | €158,960 | €207,591 | €256,896 | €239,261 | ▼ 6.9% |
| Fixed assets21/28 | €5,609 | €13,871 | €10,108 | €10,104 | €19,212 | ▲ 90.1% |
| Tangible fixed assets22/27 | €4,435 | €12,081 | €7,818 | €7,814 | €16,921 | ▲ 117% |
| Plant, machinery and equipment23 | €1,132 | €629 | €126 | - | - | - |
| Furniture and vehicles24 | €3,303 | €9,245 | €5,730 | €4,925 | €9,283 | ▲ 88.5% |
| Other tangible fixed assets26 | - | €2,207 | €1,963 | €2,889 | €7,639 | ▲ 164% |
| Financial fixed assets28 | €1,174 | €1,790 | €2,290 | €2,290 | €2,290 | = |
| Current assets29/58 | €149,279 | €145,089 | €197,482 | €246,792 | €220,049 | ▼ 10.8% |
| Amounts receivable within one year40/41 | €127,791 | €135,080 | €185,892 | €225,323 | €150,455 | ▼ 33.2% |
| Trade receivables40 | €121,126 | €133,080 | €185,892 | €225,323 | €150,455 | ▼ 33.2% |
| Other amounts receivable41 | €6,665 | €2,000 | - | - | - | - |
| Cash at bank and in hand54/58 | €11,628 | €3,011 | €5,794 | €11,607 | €60,646 | ▲ 423% |
| Deferred charges and accrued income490/1 | €9,860 | €6,998 | €5,796 | €9,862 | €8,948 | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154,889 | €158,960 | €207,591 | €256,896 | €239,261 | ▼ 6.9% |
| Equity10/15 | €7,187 | -€12,613 | -€34,104 | €47,479 | €64,856 | ▲ 36.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€11,413 | -€31,213 | -€52,704 | €28,879 | €46,256 | ▲ 60.2% |
| Amounts payable17/49 | €147,702 | €171,574 | €241,695 | €209,417 | €174,405 | ▼ 16.7% |
| Amounts payable after more than one year17 | €7,353 | €6,022 | €4,570 | €3,239 | €1,787 | ▼ 44.8% |
| Other amounts payable178/9 | €7,353 | €6,022 | €4,570 | €3,239 | €1,787 | ▼ 44.8% |
| Amounts payable within one year42/48 | €138,398 | €165,552 | €233,525 | €206,178 | €172,619 | ▼ 16.3% |
| Trade debts44 | €36,674 | €59,362 | €108,880 | €100,648 | €100,022 | ▼ 0.6% |
| Suppliers440/4 | €36,674 | €59,362 | €108,880 | €100,648 | €100,022 | ▼ 0.6% |
| Advances received on contracts in progress46 | - | €463 | - | - | - | - |
| Taxes, remuneration and social security45 | €50,124 | €71,423 | €76,905 | €75,568 | €70,113 | ▼ 7.2% |
| Taxes450/3 | €23,541 | €33,141 | €31,837 | €53,532 | €37,096 | ▼ 30.7% |
| Remuneration and social security454/9 | €26,583 | €38,282 | €45,068 | €22,036 | €33,017 | ▲ 49.8% |
| Other amounts payable47/48 | €51,599 | €34,304 | €47,741 | €29,962 | €2,484 | ▼ 91.7% |
| Accrued charges and deferred income492/3 | €1,951 | - | €3,600 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,030 | -€19,800 | -€21,491 | €81,583 | €17,377 | ▼ 78.7% |
| + Depreciation and write-downs630 | €2,658 | €3,843 | €5,306 | €4,470 | €4,574 | ▲ 2.3% |
| Operating cash flow (approximation) | €18,688 | -€15,958 | -€16,184 | €86,053 | €21,951 | ▼ 74.5% |
| Investment in fixed assets (approximation) | - | -€12,104 | -€1,544 | -€4,466 | -€13,682 | ▼ 206% |
| Change in cash | - | -€8,617 | €2,783 | €5,813 | €49,040 | ▲ 744% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
TRANSPORT LUC RIFFONT
BE 0428.801.069
Sint-Agatha-Berchem · Eq €64,993
TRANSPORT PAELINCK
BE 0442.898.040
Deinze · Eq €64,093
ALFA LADDERLIFT
BE 0674.733.681
Antwerpen · Eq €64,049
DÉMÉNAGEMENTS CHIAPPARO ET FILS
BE 0434.340.858
Courcelles · Eq €66,053
TRANSAL
BE 0458.307.677
Ans · Eq €63,118
Of 1,002 companies in this sector we hold annual accounts for 450. 343 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
11 eventsLatest 31-08-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Back to profitnet €81,583
Net result €81,583 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€21,491
Net result drops to -€21,491, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €16,030
Net result €16,030 after 3 loss-making years.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 142 days late
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 05-01-2018Year ends 31-12Peppol reachable2 sites
Register details
Identification
Legal formPrivate limited company
Founded05-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49420Removal services
82300Organisation of conventions and trade shows
Contact
E-mail
info@vdntransport.be
Phone
+32472566271
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687559061
Also
9925:BE0687559061
Registered
26-12-2025
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.
Sites & property
Location & real-estate footprint
Registered office, Waterloo · 2 establishment units since 2018
Ground area
290 m²
Building footprint
55 m²
Volume, LiDAR
490 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Chaussée de Bruxelles 740, 1410 Waterloo
since 2018unit no. 2.272.205.796
VDN
since 2022unit no. 2.327.143.331
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0127/00_000 | Wallonia | 168 m² | 1 · 55 m² | 10.6 m · 3 fl. |
| 25764Q0137/00D000 | Wallonia | 122 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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