Equity
VDO has made a profit without a break since 2014.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 32% on profitability and 42% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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).
In July 2024, 17,041 companies had the same profile as VDO has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDO itself: < 0.1% within 12 months.
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.
| 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 17,041 companies, not a prediction for VDO. 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.
Liquidity is ample, with a current ratio of 18.44 (6.43 in 2024), above the usual 1.5. Short-term debt is 4.4% and cash 46.5% of total assets. 4.4% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
These companies have the same main activity as VDO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €315,000 and €400,000, founded between 2001 and 2006.
VDO files the micro format. That format states no turnover. The gross margin rose from €32,692 in 2006 to €57,635 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €89,000 and €150,000.
Higher than 95% of 39,360 companies in 2025.
Higher than 95% of 38,044 companies in 2025.
Higher than 20% of 38,516 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
353,018 | 383,184 | 362,508 | 373,288 | 311,737 | 254,882 | 285,754 | 270,356 | 204,650 | 151,152 | 148,506 | 134,673 | 132,624 | 141,258 | 142,856 | 152,380 | 172,436 | 153,676 | 92,010 | 77,104 | |
21/28 |
64,045 | 81,449 | 105,673 | 16,537 | 20,392 | 28,485 | 35,716 | 58,342 | 30,040 | 34,288 | 66,457 | 69,713 | 59,731 | 59,675 | 55,246 | 55,654 | 56,006 | 29,594 | 8,102 | 13,126 | |
22/27 |
64,045 | 81,449 | 105,673 | 16,537 | 20,392 | 28,485 | 35,716 | 58,342 | 30,040 | 34,288 | 16,457 | 19,713 | 9,731 | 9,675 | 5,246 | 5,654 | 6,006 | 29,594 | 8,102 | 13,126 | |
23 |
2,550 | 3,685 | 5,126 | 6,568 | 8,009 | 4,436 | - | - | 310 | 91 | 1,911 | 2,230 | 3,478 | 1,020 | 440 | 246 | 683 | 542 | 319 | - | |
24 |
53,895 | 77,764 | 100,482 | 8,348 | 9,205 | 19,315 | 29,426 | 50,496 | 20,328 | 23,239 | 2,032 | 4,063 | 6,253 | 8,655 | 4,806 | 5,408 | 5,323 | 29,052 | 7,783 | 13,126 | |
26 |
- | - | 65 | 1,621 | 3,177 | 4,733 | 6,290 | 7,846 | 9,402 | 10,958 | 12,514 | 13,421 | - | - | - | - | - | - | - | - | |
27 |
7,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | - | |
29/58 |
288,973 | 301,735 | 256,835 | 356,751 | 291,345 | 226,397 | 250,038 | 212,014 | 174,611 | 116,864 | 82,049 | 64,960 | 72,893 | 81,583 | 87,610 | 96,726 | 116,430 | 124,082 | 83,908 | 63,978 | |
3 |
- | - | - | - | - | - | - | 10,000 | 10,000 | - | - | - | 14,400 | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 10,000 | 10,000 | - | - | - | 14,400 | - | - | - | - | - | - | - | |
40/41 |
10,000 | 47,089 | 30,382 | 6,282 | 6,953 | 50,619 | 104,714 | 35,026 | 26,903 | 25,918 | 13,949 | 40,429 | 42,510 | 40,128 | 77,403 | 81,352 | 37,973 | 17,931 | 19,401 | 8,152 | |
40 |
- | - | - | - | - | 1,127 | 79,593 | - | - | 946 | 3,025 | 19,052 | 19,052 | 25,052 | 56,240 | 78,146 | 36,566 | 12,410 | 12,595 | 303 | |
41 |
10,000 | 47,089 | 30,382 | 6,282 | 6,953 | 49,492 | 25,121 | 35,026 | 26,903 | 24,972 | 10,924 | 21,378 | 23,459 | 15,077 | 21,163 | 3,206 | 1,407 | 5,521 | 6,806 | 7,849 | |
54/58 |
164,141 | 133,178 | 147,453 | 142,469 | 221,392 | 120,778 | 145,323 | 166,988 | 137,707 | 90,946 | 68,100 | 24,530 | 15,983 | 41,455 | 10,207 | 15,374 | 78,457 | 106,151 | 64,507 | 55,826 | |
490/1 |
114,832 | 121,468 | 79,000 | 208,000 | 63,000 | 55,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
353,018 | 383,184 | 362,508 | 373,288 | 311,737 | 254,882 | 285,754 | 270,356 | 204,650 | 151,152 | 148,506 | 134,673 | 132,624 | 141,258 | 142,856 | 152,380 | 172,436 | 153,676 | 92,010 | 77,104 | |
10/15 |
337,345 | 336,241 | 333,980 | 347,221 | 289,707 | 242,105 | 226,292 | 223,252 | 169,768 | 135,494 | 132,313 | 124,112 | 118,406 | 121,456 | 127,723 | 132,365 | 116,679 | 87,592 | 54,717 | 39,280 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
- | - | - | - | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
277,712 | 277,712 | 277,712 | 291,712 | 236,712 | 191,712 | 191,712 | 191,712 | 141,712 | 111,712 | 111,712 | 111,712 | 106,006 | 109,056 | 115,323 | 119,965 | 104,279 | 75,192 | 42,317 | 26,880 | |
130/1 |
- | - | - | 2,416 | 2,416 | 2,416 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 2,416 | 1,144 | |
1311 |
- | - | - | 2,416 | 2,416 | 2,416 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | 3,994 | |
133 |
273,718 | 273,718 | 273,718 | 285,302 | 230,302 | 185,302 | 185,302 | 185,302 | 135,302 | 105,302 | 105,302 | 105,302 | 99,596 | 102,646 | 108,913 | 113,555 | 97,869 | 68,782 | 35,907 | 21,742 | |
14 |
47,233 | 46,129 | 43,868 | 43,108 | 40,595 | 37,993 | 22,180 | 19,140 | 15,655 | 11,382 | 8,201 | - | - | - | - | - | - | - | - | - | |
17/49 |
15,673 | 46,943 | 28,528 | 26,068 | 22,030 | 12,777 | 59,461 | 47,104 | 34,883 | 15,657 | 16,193 | 10,561 | 14,218 | 19,803 | 15,133 | 20,015 | 55,757 | 66,084 | 37,293 | 37,824 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,073 | 14,187 | 2,215 | 8,711 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,073 | 14,187 | 2,215 | 8,711 | |
42/48 |
15,673 | 46,943 | 28,528 | 26,068 | 22,030 | 12,777 | 59,461 | 47,104 | 34,883 | 15,657 | 16,193 | 10,561 | 14,218 | 19,803 | 15,133 | 20,015 | 53,684 | 51,897 | 35,078 | 29,113 | |
42 |
3,295 | - | - | - | - | - | - | 20,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 12,073 | 22,113 | 23,784 | 16,662 | 16,797 | |
44 |
7,751 | 25,477 | 16,689 | 25,134 | 3,745 | 7,451 | 1,094 | 9,904 | 13,482 | - | 1,054 | 61 | 1,600 | 6,150 | 5,078 | 3,623 | 5,854 | 11,598 | 12,258 | 10,847 | |
440/4 |
7,751 | 25,477 | 16,689 | 25,134 | 3,745 | 7,451 | 1,094 | 9,904 | 13,482 | - | 1,054 | 61 | 1,600 | 6,150 | 5,078 | 3,623 | 5,854 | 11,598 | 12,258 | 10,847 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,210 | |
45 |
3,697 | 1,050 | 3,500 | 934 | 18,247 | 500 | 48,850 | 16,401 | 11,401 | 5,657 | 5,139 | 500 | 2,618 | 3,653 | 55 | 4,318 | 19,146 | 11,869 | 6,158 | 259 | |
450/3 |
3,697 | 1,050 | 3,500 | 934 | 18,247 | 500 | 48,850 | 16,401 | 11,401 | 5,657 | 5,139 | 500 | 2,618 | 3,653 | 55 | 4,318 | 19,146 | 11,869 | 6,158 | 259 | |
47/48 |
930 | 20,416 | 8,339 | - | 38 | 4,827 | 9,517 | 800 | - | - | - | - | - | - | - | - | 6,571 | 4,646 | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 100,700 | 88,533 | 89,520 | 82,200 | 72,350 | - | - | - | 112,199 | - | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,724 | - | - | - | |
9900 |
57,635 | 34,277 | 48,133 | 102,764 | 87,548 | -106,971 | 175,186 | 96,462 | 65,742 | 63,952 | 29,583 | 15,217 | 9,037 | -1,171 | -402 | 43,339 | 64,732 | 83,980 | 44,451 | 32,692 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 71,299 | 73,316 | 80,483 | 83,371 | 73,151 | - | - | - | 67,748 | - | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 101 | - | - | - | - | |
630 |
25,003 | 24,225 | 18,905 | 13,259 | 13,023 | 11,974 | 11,667 | 17,721 | 8,780 | 9,616 | 5,146 | 4,929 | 3,870 | 2,994 | 1,702 | 1,514 | 1,357 | 9,706 | 1,859 | 6,563 | |
631/4 |
- | - | - | - | - | -139,065 | 139,065 | - | - | - | 14,704 | - | 6,000 | - | - | - | - | - | - | - | |
640/8 |
586 | 1,282 | 1,587 | 1,503 | 988 | 1,242 | 2,287 | 1,523 | 1,701 | 2,866 | 1,210 | 1,304 | 1,926 | 1,672 | 1,870 | 1,740 | 4,007 | 4,912 | 724 | 388 | |
66A |
- | - | - | - | - | - | 4,959 | - | - | - | - | - | - | - | - | - | - | - | 5,248 | 149 | |
9901 |
32,046 | 8,770 | 27,641 | 88,002 | 73,536 | 18,878 | 17,208 | 77,218 | 55,261 | 51,470 | 8,523 | 8,984 | -2,758 | -5,837 | -3,974 | 39,984 | 59,368 | 69,362 | 41,868 | 25,741 | |
75/76B |
- | 1,873 | 1,064 | 0 | 0 | 3,000 | 875 | 250 | 266 | 120 | 125 | 116 | 70 | 76 | 22 | 2,681 | 1,769 | 1,323 | 281 | 227 | |
75 |
- | 1,873 | 1,064 | 0 | 0 | 3,000 | 875 | 250 | 266 | 120 | 125 | 116 | 70 | 76 | 22 | 2,681 | 1,769 | 1,323 | 281 | 227 | |
65/66B |
153 | 1,295 | 992 | 289 | 431 | 435 | 749 | 215 | 300 | 50,243 | 436 | 483 | 362 | 500 | 454 | 853 | 1,422 | 2,234 | 536 | 684 | |
65 |
153 | 1,295 | 992 | 289 | 431 | 435 | 749 | 215 | 300 | 243 | 436 | 483 | 362 | 500 | 454 | 853 | 1,422 | 2,234 | 536 | 684 | |
66B |
- | - | - | - | - | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | - | - | |
9903 |
31,893 | 9,348 | 27,713 | 87,714 | 73,106 | 21,443 | 17,334 | 77,254 | 55,227 | 1,347 | 8,212 | 8,617 | -3,050 | -6,262 | -4,406 | 41,812 | 69,439 | 68,451 | 36,365 | 25,135 | |
67/77 |
30,789 | 7,087 | 10,953 | 30,201 | 25,503 | 5,630 | 13,494 | 22,970 | 20,954 | -1,835 | 11 | 2,911 | - | 6 | 236 | 8,126 | 10,353 | 15,576 | 10,928 | 6,244 | |
9904 |
1,104 | 2,261 | 16,760 | 57,513 | 47,603 | 15,813 | 3,840 | 54,284 | 34,273 | 3,181 | 8,201 | 5,706 | -3,050 | -6,267 | -4,642 | 33,686 | 59,086 | 52,875 | 25,437 | 18,891 | |
9905 |
1,104 | 2,261 | 16,760 | 57,513 | 47,603 | 15,813 | 3,840 | 54,284 | 34,273 | 3,181 | 8,201 | 5,706 | -3,050 | -6,267 | -4,642 | 33,686 | 59,086 | 52,875 | 25,437 | 18,891 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
47,233 | 46,129 | 59,868 | 98,108 | 85,595 | 37,993 | 22,980 | 69,940 | 45,655 | 11,382 | 8,201 | 5,706 | -3,050 | -6,267 | -4,642 | 33,686 | 59,086 | 52,875 | 25,437 | 18,891 | |
14P |
46,129 | 43,868 | 43,108 | 40,595 | 37,993 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 30,000 | - | - | - | - | - | - | - | - | - | 3,050 | 6,267 | 4,642 | - | - | - | - | - | |
691/2 |
- | - | 16,000 | 55,000 | 45,000 | - | - | 50,000 | 30,000 | - | - | 5,706 | - | - | - | 15,686 | 29,086 | 32,875 | 15,437 | 18,891 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,272 | 945 | |
6921 |
- | - | 16,000 | 55,000 | 45,000 | - | - | 50,000 | 30,000 | - | - | 5,706 | - | - | - | 15,686 | 29,086 | 32,875 | 14,165 | 17,946 | |
694/7 |
- | - | 30,000 | - | - | - | 800 | 800 | - | - | - | - | - | - | - | 18,000 | 30,000 | 20,000 | 10,000 | - | |
694 |
- | - | 30,000 | - | - | - | 800 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 800 | - | - | - | - | - | - | - | 18,000 | 30,000 | 20,000 | 10,000 | - | |
| Document | |||||||||||||||||||||
The accounts for financial year 2005 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-06-2026 | 2026-00205908 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00151601 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00366937 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00204199 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20311685 | |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23000051 | |
| 31-12-2019 | micro format | 16-06-2020 | 2020-17400407 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-58500448 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37800089 | |
| 31-12-2016 | micro format | 22-09-2017 | 2017-63800263 | |
| 31-12-2015 | abbreviated format | 09-08-2016 | 2016-41600205 | |
| 31-12-2014 | abbreviated format | 10-06-2015 | 2015-16700070 | |
| 31-12-2013 | abbreviated format | 02-06-2014 | 2014-14900046 | |
| 31-12-2012 | abbreviated format | 26-06-2013 | 2013-23600397 | |
| 31-12-2011 | abbreviated format | 22-06-2012 | 2012-20300183 | |
| 31-12-2010 | abbreviated format | 31-05-2011 | 2011-14400167 | |
| 31-12-2009 | abbreviated format | 30-09-2010 | 2010-56900391 | |
| 31-12-2008 | abbreviated format | 03-06-2009 | 2009-20000084 | |
| 31-12-2007 | abbreviated format | 27-05-2008 | 2008-17600183 | |
| 31-12-2006 | abbreviated format | 31-10-2007 | 2007-79700004 | |
| 31-12-2005 | abbreviated format | 29-09-2006 | 2006-82101272 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,049 | 32,995 | 46,546 | 101,261 | 86,559 | 30,852 | 28,876 | 94,940 | 64,041 | 61,085 | 13,669 | 13,913 | 1,112 | -2,844 | -2,273 | 41,498 | 60,725 | 79,068 | 43,727 | 32,304 | ||
| 26,107 | 26,486 | 35,665 | 70,772 | 60,626 | 27,787 | 15,508 | 72,005 | 43,054 | 12,797 | 13,347 | 10,635 | 820 | -3,273 | -2,940 | 35,200 | 60,443 | 62,581 | 27,296 | 25,454 | ||
| 7,600 | 1 | 108,041 | 9,404 | 4,929 | 4,743 | -10,959 | 46,024 | 4,532 | 28,718 | 1,889 | 14,912 | 3,926 | 7,423 | 1,294 | 1,162 | 50,737 | 31,198 | 8,083 | - | ||
| 30,963 | -14,275 | 4,984 | -78,923 | 100,614 | -24,545 | -21,665 | 29,281 | 46,762 | 22,845 | 43,570 | 8,547 | -25,472 | 31,248 | -5,167 | -63,083 | -27,694 | 41,644 | 8,681 | - | ||
| 273,300 | 254,792 | 228,307 | 330,683 | 269,315 | 213,620 | 190,576 | 164,910 | 139,728 | 101,206 | 65,856 | 54,399 | 58,675 | 61,781 | 72,477 | 76,712 | 62,746 | 72,185 | 48,830 | 34,865 | ||
| - | - | - | - | - | - | - | - | - | - | 8.5% | 10.1% | -3.1% | -7.1% | -5.5% | - | - | - | 37.3% | - | ||
| 95.6% | 87.7% | 92.1% | 93.0% | 92.9% | 95.0% | 79.2% | 82.6% | 83.0% | 89.6% | 89.1% | 92.2% | 89.3% | 86.0% | 89.4% | 86.9% | 67.7% | 57.0% | 59.5% | 50.9% | ||
| 18.44 | 6.43 | 9.00 | 13.69 | 13.22 | 17.72 | 4.21 | 4.50 | 5.01 | 7.46 | 5.07 | 6.15 | 5.13 | 4.12 | 5.79 | 4.83 | 2.17 | 2.39 | 2.39 | 2.20 | ||
| 18.44 | 6.43 | 9.00 | 13.69 | 13.22 | 17.72 | 4.21 | 4.29 | 4.72 | 7.46 | 5.07 | 6.15 | 4.11 | 4.12 | 5.79 | 4.83 | 2.17 | 2.39 | 2.39 | 2.20 | ||
| 0.05 | 0.14 | 0.09 | 0.08 | 0.08 | 0.05 | 0.26 | 0.21 | 0.21 | 0.12 | 0.12 | 0.09 | 0.12 | 0.16 | 0.12 | 0.15 | 0.48 | 0.75 | 0.68 | 0.96 | ||
| 0.3% | 0.7% | 5.0% | 16.6% | 16.4% | 6.5% | 1.7% | 24.3% | 20.2% | 2.3% | 6.2% | 4.6% | -2.6% | -5.2% | -3.6% | 25.4% | 50.6% | 60.4% | 46.5% | 48.1% | ||
| 0.3% | 0.6% | 4.6% | 15.4% | 15.3% | 6.2% | 1.3% | 20.1% | 16.7% | 2.1% | 5.5% | 4.2% | -2.3% | -4.4% | -3.2% | 22.1% | 34.3% | 34.4% | 27.6% | 24.5% | ||
| over 100 | 25.48 | 46.92 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 11 days | 79 days | 78 days | 111 days | 284 days | - | - | - | 41 days | - | ||
| - | - | - | - | - | - | - | - | - | - | 5 days | 0 days | 7 days | 27 days | 25 days | - | - | - | 66 days | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,600 | - | €108,041 | €9,404 | €4,929 |
| €25,003 | €24,225 | €18,905 | €13,259 | €13,023 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 3.7 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 12.3% to 4.4%. Equity is higher and debt is lower.
De bestuurders kunnen de uitoefening van een deel van hun bevoegdheid ten titel van bijzondere volmacht opdragen aan een derde aangestelde van de vennootschap. Indien er meerdere bestuurders zijn, dient deze volmacht gezamenlijk te worden gegeven. De bestuurders regelen onder elkaar de uitoefening van de bevoegdheid. Externe vertegenwoordigingsbevoegdheid van het bestuursorgaan Iedere bestuurder vertegenwoordigt afzonderlijk de vennootschap jegens derden en in rechte als eiser of als verweerder. Nochtans zal de handtekening van minstens twee (2) bestuurders noodzakelijk zijn voor elke akte houdende aankoop of vervreemding van of hypotheekstelling op onroerende goederen en in het algemeen voor alle betalingen en verbintenissen boven de honderdvijftigduizend euro nul cent (€150.000,00). Deze bevoegdheidsbeperkingen kunnen niet tegengeworpen worden aan derden, zelfs niet nadat ze openbaar zijn gemaakt. De vennootschap is bovendien, binnen het kader van hun mandaat, geldig verbonden door bijzonder gevolmachtigden. Bovendien kan de vennootschap in het buitenland vertegenwoordigd worden door iedere persoon uitdrukkelijk daartoe aangesteld door het bestuur. Vergoeding van de bestuurders De algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt uitgeoefend. Indien het mandaat van de bestuurder bezoldigd is, dan bepaalt de algemene vergadering, beslissend met absolute meerderheid van stemmen, of de enige aandeelhouder, het bedrag van deze vaste of evenredige vergoeding. Een bestuurder met bezoldigd mandaat kan een bezoldiging in geld en/of natura ontvangen. Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten.
VDO has no parent and no holdings in its annual accounts. VDO shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Goedeluchtstraat 27 registered office 8420 De Haan 7330001 Public relations and communication consultancy | 02-12-2004 | 2.143.922.803 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31038B0037/00C007 | 118 m² | 1 · 111 m² | 7.2 m · 2 |
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