VDO TECHNICS
ActiveSummary
VDO TECHNICS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+70
Solvency49▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.23 in 2023; short-term debt: 69.9% and cash: 9.2% of total assets), and 75.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.5%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
61 d late
2022
3 d early
2021
2 d early
2020
2 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 21.2%
2023 · €50k
2018: €-64klowest in 7 years
2019: €19k▲ +130% vs 2018
2020: €65k▲ +237% vs 2019
2021: €67k▲ +2.9% vs 2020
2022: €77k▲ +13.8% vs 2021highest in 7 years
2023: €50k▼ -35.2% vs 2022
2024: €60k▲ +21.2% vs 2023
2018 → 2024
Total assets
€246k▲ 10.8%
2023 · €222k
2018: €166klowest in 7 years
2019: €270k▲ +62.3% vs 2018
2020: €332k▲ +23.1% vs 2019
2021: €354k▲ +6.6% vs 2020highest in 7 years
2022: €206k▼ -41.8% vs 2021
2023: €222k▲ +7.7% vs 2022
2024: €246k▲ +10.8% vs 2023
2018 → 2024
Net result
€11k
2023 · €-27k
2018: €-95klowest in 7 years
2019: €83k▲ +188% vs 2018highest in 7 years
2020: €46k▼ -44.8% vs 2019
2021: €2k▼ -95.8% vs 2020
2022: €9k▲ +382% vs 2021
2023: €-27k▼ -390% vs 2022
2024: €11k▲ +139% vs 2023
2018 → 2024
Working capital
€46k▲ 27.5%
2023 · €36k
2018: €-91klowest in 7 years
2019: €-7k▲ +92.3% vs 2018
2020: €44k▲ +727% vs 2019
2021: €37k▼ -15.2% vs 2020
2022: €56k▲ +50.0% vs 2021highest in 7 years
2023: €36k▼ -35.0% vs 2022
2024: €46k▲ +27.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€67k▲ 2.9%€77k▲ 13.8%€50k▼ 35.2%€60k▲ 21.2%
2020: €65k
2021: €67k▲ +2.9% vs 2020
2022: €77k▲ +13.8% vs 2021highest in 5 years
2023: €50k▼ -35.2% vs 2022lowest in 5 years
2024: €60k▲ +21.2% vs 2023
Operating result€47k-€3k▼ 92.9%€11k▲ 214%€-20k€11k
2020: €47khighest in 5 years
2021: €3k▼ -92.9% vs 2020
2022: €11k▲ +214% vs 2021
2023: €-20k▼ -287% vs 2022lowest in 5 years
2024: €11k▲ +157% vs 2023
Net result€46k-€2k▼ 95.8%€9k▲ 382%€-27k€11k
2020: €46khighest in 5 years
2021: €2k▼ -95.8% vs 2020
2022: €9k▲ +382% vs 2021
2023: €-27k▼ -390% vs 2022lowest in 5 years
2024: €11k▲ +139% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €11k after a loss of €20k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €246k
Fixed assets
€28k ▲ 7.4%
Current assets
€218k ▲ 11.2%
Equity and liabilities €246k
Equity
€60k ▲ 21.2%
Debt
€186k ▲ 7.8%
Debt's share of the balance-sheet total falls from 77.6% to 75.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▲
2023 · €-3k
Cash flow
€25k▲
2023 · €-10k
Current ratio
1.27▲
2023 · 1.23
Quick ratio
1.19▲
2023 · 1.11
Debt to equity
3.08▼
2023 · 3.46
ROE
17.5%▲
2023 · -54.3%
ROA
4.3%▲
2023 · -12.2%
Interest coverage
20.81▲
2023 · -0.42
Debt ≤ 1 year
€172k▲
2023 · €160k
Debt > 1 year
€14k▲
2023 · €12k
Staff costs
€178k▲
2023 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€222k€246k▲
Fixed assets21/28€26k€28k▲
Tangible fixed assets22/27€26k€28k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€24k€27k▲
Current assets29/58€196k€218k▲
Stocks and contracts in progress3€18k€13k▼
Stocks30/36€18k€13k▼
Amounts receivable within one year40/41€173k€183k▲
Trade receivables40€116k€115k▼
Other amounts receivable41€56k€68k▲
Cash at bank and in hand54/58€6k€23k▲
Equity and liabilities
Total equity and liabilities10/49€222k€246k▲
Equity10/15€50k€60k▲
Contributions10/11€19k€19k=
Reserves13€31k€41k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€29k€39k▲
Profit (loss) carried forward14€262€796▲
Amounts payable17/49€172k€186k▲
Amounts payable after more than one year17€12k€14k▲
Financial debts170/4€12k€14k▲
Amounts payable within one year42/48€160k€172k▲
Current portion of amounts payable after more than one year42€9k€12k▲
Trade debts44€142k€151k▲
Suppliers440/4€142k€151k▲
Taxes, remuneration and social security45€9k€9k▲
Remuneration and social security454/9€9k€9k▲
Income statement
Code20232024
Non-recurring operating income76A-€534
Remuneration, social security and pensions62€146k€178k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€15k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€145k€207k▲
Operating profit (loss)9901€-20k€11k▲
Financial income75/76B€0€557▲
Recurring financial income75€0€557▲
Financial charges65/66B€7k€1k▼
Recurring financial charges65€7k€1k▼
Profit (loss) for the period before taxes9903€-27k€11k▲
Profit (loss) for the period9904€-27k€11k▲
Profit (loss) for the period to be appropriated9905€-27k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€11k▲
Profit (loss) brought forward from the previous period14P€1k€262▼
Transfer from equity791/2€26k-
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €629 | - | - | €534 | - |
| Remuneration, social security and pensions62 | - | €146k | €144k | €146k | €178k | ▲ 21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €16k | €18k | €17k | €15k | ▼ 11.9% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €3k | ▲ 36.7% |
| Gross operating margin9900 | €185k | €167k | €174k | €145k | €207k | ▲ 42.3% |
| Operating profit (loss)9901 | €47k | €3k | €11k | €-20k | €11k | ▲ 157% |
| Financial income75/76B | - | €0 | €6 | €0 | €557 | ▲ 2,782,800% |
| Recurring financial income75 | €74 | €0 | €6 | €0 | €557 | ▲ 2,782,800% |
| Financial charges65/66B | - | €1k | €1k | €7k | €1k | ▼ 82.8% |
| Recurring financial charges65 | €1k | €1k | €1k | €7k | €1k | ▼ 82.8% |
| Profit (loss) for the period before taxes9903 | €46k | €2k | €9k | €-27k | €11k | ▲ 139% |
| Profit (loss) for the period9904 | €46k | €2k | €9k | €-27k | €11k | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €46k | €2k | €9k | €-27k | €11k | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332k | €354k | €206k | €222k | €246k | ▲ 10.8% |
| Fixed assets21/28 | €22k | €61k | €43k | €26k | €28k | ▲ 7.4% |
| Tangible fixed assets22/27 | €22k | €61k | €43k | €26k | €28k | ▲ 7.4% |
| Plant, machinery and equipment23 | - | €6k | €4k | €2k | €1k | ▼ 46.1% |
| Furniture and vehicles24 | - | €54k | €38k | €24k | €27k | ▲ 11.8% |
| Current assets29/58 | €310k | €293k | €164k | €196k | €218k | ▲ 11.2% |
| Stocks and contracts in progress3 | €14k | €11k | €15k | €18k | €13k | ▼ 29.1% |
| Stocks30/36 | - | €11k | €15k | €18k | €13k | ▼ 29.1% |
| Amounts receivable within one year40/41 | €267k | €231k | €139k | €173k | €183k | ▲ 6.0% |
| Trade receivables40 | - | €69k | €85k | €116k | €115k | ▼ 0.7% |
| Other amounts receivable41 | - | €162k | €54k | €56k | €68k | ▲ 19.7% |
| Cash at bank and in hand54/58 | €30k | €51k | €10k | €6k | €23k | ▲ 302% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332k | €354k | €206k | €222k | €246k | ▲ 10.8% |
| Equity10/15 | €65k | €67k | €77k | €50k | €60k | ▲ 21.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €47k | €47k | €57k | €31k | €41k | ▲ 32.4% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €45k | €55k | €29k | €39k | ▲ 34.5% |
| Profit (loss) carried forward14 | €32 | €2k | €1k | €262 | €796 | ▲ 204% |
| Amounts payable17/49 | €267k | €287k | €129k | €172k | €186k | ▲ 7.8% |
| Amounts payable after more than one year17 | - | €30k | €21k | €12k | €14k | ▲ 10.8% |
| Financial debts170/4 | - | €30k | €21k | €12k | €14k | ▲ 10.8% |
| Amounts payable within one year42/48 | €267k | €256k | €108k | €160k | €172k | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €9k | €12k | ▲ 36.2% |
| Trade debts44 | €252k | €241k | €91k | €142k | €151k | ▲ 6.2% |
| Suppliers440/4 | - | €241k | €91k | €142k | €151k | ▲ 6.2% |
| Taxes, remuneration and social security45 | - | €7k | €8k | €9k | €9k | ▲ 0.4% |
| Remuneration and social security454/9 | - | €7k | €8k | €9k | €9k | ▲ 0.4% |
| Accrued charges and deferred income492/3 | - | - | €138 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €2k | €9k | €-27k | €11k | ▲ 139% |
| + Depreciation and write-downs630 | €8k | €16k | €18k | €17k | €15k | ▼ 11.9% |
| Operating cash flow (approximation) | €54k | €18k | €27k | €-10k | €25k | ▲ 345% |
| Investment in fixed assets (approximation) | - | €-55k | €0 | €0 | €-17k | - |
| Change in cash | - | €21k | €-41k | €-4k | €17k | ▲ 492% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 1996
Ground area
1,920 m²
Building footprint
595 m²
Volume, LiDAR
3,670 m³
Parcel 34024C0660/00S000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dronckaertstraat 194, 8930 Menen
since 19962.079.445.121
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024C0660/00S000 | Flanders | 1,920 m² | 1 · 595 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 824 EUR awarded · 824 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 441 EUR | 441 EUR |
| 2024 | 1 | 383 EUR | 383 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 3,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-11-1996
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.