VDP+
ActiveVDP+ has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 77.14 against 9.0 in 2024; short-term debt: 1.2% and cash: 35.5% of total assets), and 1.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
98.8%
Return on assets
22.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €47k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
21 d early
2024
20 d early
2023
19 d early
2022
11 d early
2021
19 d early
2020
122 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€47k▲ 29.5%
2024 · €37k
2018: €57
2019: €7k
2020: €-5k
2021: €-14k
2022: €2k
2023: €19k
2024: €37k
2018 → 2025
Total assets
€48k▲ 18.0%
2024 · €41k
2018: €52k
2019: €37k
2020: €49k
2021: €21k
2022: €27k
2023: €35k
2024: €41k
2018 → 2025
Net result
€11k▼ 39.8%
2024 · €18k
2018: €-49
2019: €7k
2020: €-12k
2021: €-9k
2022: €16k
2023: €17k
2024: €18k
2018 → 2025
Working capital
€45k▲ 38.4%
2024 · €33k
2018: €-3k
2019: €6k
2020: €-14k
2021: €-26k
2022: €-5k
2023: €13k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€2k€19k▲ 845%€37k▲ 95.9%€47k▲ 29.5%
Operating result€-8k-€16k€21k▲ 28.7%€24k▲ 17.1%€15k▼ 40.5%
Net result€-9k-€16k€17k▲ 6.3%€18k▲ 7.2%€11k▼ 39.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€2k▼ 42.7%
Current assets
€46k▲ 24.6%
Equity and liabilities €48k
Equity
€47k▲ 29.5%
Debt
€591▼ 85.5%
The debt ratio falls from 10.0% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €26k
Cash flow
€12k▼
2024 · €20k
Solvency
98.8%▲
2024 · 90.0%
Current ratio
77.14▲
2024 · 9.00
Quick ratio
77.14▲
2024 · 9.00
Debt / equity
0.01▼
2024 · 0.11
ROE
22.8%▼
2024 · 49.0%
ROA
22.5%▼
2024 · 44.0%
Interest coverage
36.22▼
2024 · 51.53
Debt
€591▼
2024 · €4k
Debt ≤ 1 year
€591▼
2024 · €4k
Income taxes
€4k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€41k€48k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€4k€2k▼
Current assets29/58€37k€46k▲
Amounts receivable within one year40/41€23k€28k▲
Trade receivables40€6k€7k▲
Other amounts receivable41€17k€21k▲
Cash at bank and in hand54/58€12k€17k▲
Deferred charges and accrued income490/1€2k€806▼
Equity and liabilities
Total equity and liabilities10/49€41k€48k▲
Equity10/15€37k€47k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€30k€41k▲
Amounts payable17/49€4k€591▼
Amounts payable within one year42/48€4k€591▼
Trade debts44€273€215▼
Suppliers440/4€273€215▼
Taxes, remuneration and social security45€2k€377▼
Taxes450/3€2k€377▼
Other amounts payable47/48€2k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€663€682▲
Gross operating margin9900€27k€17k▼
Operating profit (loss)9901€24k€15k▼
Financial income75/76B€853€951▲
Recurring financial income75€853€951▲
Financial charges65/66B€513€450▼
Recurring financial charges65€513€450▼
Profit (loss) for the period before taxes9903€25k€15k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€18k€11k▼
Profit (loss) for the period to be appropriated9905€18k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€41k▲
Profit (loss) brought forward from the previous period14P€12k€30k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 9current ratio 77.14
Current ratio from 9.00 to 77.14; short-term debt falls from €4k to €591.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €18k ▲7.2%
Operating result €24k, net result €18k, both a record.
31-12
Financial
Liquidity times 5current ratio 9.00
Current ratio from 1.76 to 9.00; short-term debt falls from €17k to €4k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.76
Current ratio from 0.80 to 1.76; short-term debt falls from €25k to €17k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €-12k ▼269%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eekhout 89000 GentGround area
769 m²
Building footprint
2,166 m²
Volume, LiDAR
917 m³
2 parcels, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDP+
since 20162.252.279.919
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052C0825/00G000 | Flanders | 504 m² | 1 · 2,044 m² | - |
| 44805E0797/00C007 | Flanders | 266 m² | 1 · 121 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2016
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.