Summary
VDP development is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €88,393 and a net result of €235, of which €5,500 non-recurring income. Equity has been growing by about 31% per year since 2022. Its solvency ranks better than 56% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-12-2021 Normal situation
- Activity
- Activities of holding companies NACE 64210and 1 other
- Establishment unit
- 2.326.419.789 3500 Hasselt, since 09-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Board and ownership
Board
- Vandeput Roel NicoDirector · since 09-12-2021
- Holdings
- Shares in 1 company WINFRAME
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €235
- ▼ 99.6%
- Equity
- €88,393
- ▲ 0.3%
- Total assets
- €153,085
- ▼ 0.2%
- 2025 accounts filed 7 days after the deadline
Signalsraises risk2025 accounts filed 7 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
7 days late
2024
22 days late
2023
30 days late
2022
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 22 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00388552.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 4 filings
Equity
€88,393▲ 0.3%
2024 · €88,158
Net result
€235▼ 99.6%
2024 · €54,486
Total assets
€153,085▼ 0.2%
2024 · €153,400
Solvency
57.7%▲ 0.3pp
2024 · 57.5%
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€1,708
▼ 97.5%
2025
20222025
Net result
€235
▼ 99.6%
2025
lowest quarter of the sector
20222025
Equity
€88,393
▲ 0.3%
2025
middle half of the sector
20222025
Total assets
€153,085
▼ 0.2%
2025
middle half of the sector
20222025
Debt
€64,692
▼ 0.8%
2025
20222025
Working capital
-€28,289
2025
lowest quarter of the sector
20222025
Solvency
57.7%
▲ 0.3pp
2025
middle half of the sector
20222025
Current ratio
0.53
▼ 0.94
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
0.2%
▼ 35.4pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€50,600--€6,112€67,766€1,708▼ 97.5%
Net result€37,725within the sector's middle half--€6,253below the sector's middle half€54,486within the sector's middle half€235below the sector's middle half▼ 99.6%
Equity€39,925below the sector's middle half-€33,672below the sector's middle half▼ 15.7%€88,158within the sector's middle half▲ 162%€88,393within the sector's middle half▲ 0.3%
Total assets€110,997below the sector's middle half-€87,808below the sector's middle half▼ 20.9%€153,400within the sector's middle half▲ 74.7%€153,085within the sector's middle half▼ 0.2%
Debt€71,072-€54,136▼ 23.8%€65,243▲ 20.5%€64,692▼ 0.8%
Working capital-€5,075within the sector's middle half--€11,328within the sector's middle half▼ 123%€29,054within the sector's middle half-€28,289below the sector's middle half
Solvency36.0%within the sector's middle half-38.3%within the sector's middle half▲ 2.4pp57.5%within the sector's middle half▲ 19.1pp57.7%within the sector's middle half▲ 0.3pp
Current ratio0.93within the sector's middle half-0.79within the sector's middle half▼ 0.141.47within the sector's middle half▲ 0.680.53below the sector's middle half▼ 0.94
Return on assets (ROA)34.0%above the sector's middle half--7.1%below the sector's middle half▼ 41.1pp35.5%above the sector's middle half▲ 42.6pp0.2%below the sector's middle half▼ 35.4pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 97% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153,085
Fixed assets
€120,768 ▲ 93.2%
Current assets
€32,317 ▼ 64.4%
Equity and liabilities €153,085
Equity
€88,393 ▲ 0.3%
Debt
€64,692 ▼ 0.8%
Debt's share of the balance-sheet total falls from 42.5% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.3%▼
2024 · 61.8%
Debt ≤ 1 year
€60,606▼
2024 · €61,842
Income taxes
€558▼
2024 · €13,016
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €18,569 | €14,141 |
| Financial fixed assets | €45,000 | - | - | €60,000 |
| Depreciation and write-downs of the year | - | - | €1,064 | €2,711 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,500 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,064 | €2,711 | ▲ 155% |
| Other operating charges640/8 | €770 | €492 | €945 | €2,261 | ▲ 139% |
| Non-recurring operating charges66A | - | - | - | €667 | - |
| Gross operating margin9900 | €51,369 | -€5,620 | €69,775 | €7,347 | ▼ 89.5% |
| Operating profit (loss)9901 | €50,600 | -€6,112 | €67,766 | €1,708 | ▼ 97.5% |
| Financial income75/76B | €0 | - | - | €3 | - |
| Recurring financial income75 | €0 | - | - | €3 | - |
| Financial charges65/66B | €278 | €141 | €264 | €918 | ▲ 248% |
| Recurring financial charges65 | €278 | €141 | €264 | €918 | ▲ 248% |
| Profit (loss) for the period before taxes9903 | €50,322 | -€6,253 | €67,502 | €793 | ▼ 98.8% |
| Income taxes67/77 | €12,597 | - | €13,016 | €558 | ▼ 95.7% |
| Profit (loss) for the period9904 | €37,725 | -€6,253 | €54,486 | €235 | ▼ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €37,725 | -€6,253 | €54,486 | €235 | ▼ 99.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €110,997 | €87,808 | €153,400 | €153,085 | ▼ 0.2% |
| Fixed assets21/28 | €45,000 | €45,000 | €62,504 | €120,768 | ▲ 93.2% |
| Tangible fixed assets22/27 | - | - | €17,504 | €15,768 | ▼ 9.9% |
| Plant, machinery and equipment23 | - | - | €2,917 | €2,417 | ▼ 17.1% |
| Furniture and vehicles24 | - | - | €14,588 | €13,351 | ▼ 8.5% |
| Financial fixed assets28 | €45,000 | €45,000 | €45,000 | €105,000 | ▲ 133% |
| Current assets29/58 | €65,997 | €42,808 | €90,896 | €32,317 | ▼ 64.4% |
| Amounts receivable within one year40/41 | €62,151 | €32,055 | €81,473 | €26,513 | ▼ 67.5% |
| Trade receivables40 | €52,350 | €29,973 | €81,473 | €24,589 | ▼ 69.8% |
| Other amounts receivable41 | €9,801 | €2,082 | €0 | €1,924 | ▲ 10,129× |
| Cash at bank and in hand54/58 | €3,846 | €10,753 | €9,125 | €5,740 | ▼ 37.1% |
| Deferred charges and accrued income490/1 | - | - | €298 | €64 | ▼ 78.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €110,997 | €87,808 | €153,400 | €153,085 | ▼ 0.2% |
| Equity10/15 | €39,925 | €33,672 | €88,158 | €88,393 | ▲ 0.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €36,925 | €36,925 | €85,158 | €85,393 | ▲ 0.3% |
| Distributable reserves133 | €36,925 | €36,925 | €85,158 | €85,393 | ▲ 0.3% |
| Profit (loss) carried forward14 | - | -€6,253 | - | - | - |
| Amounts payable17/49 | €71,072 | €54,136 | €65,243 | €64,692 | ▼ 0.8% |
| Amounts payable within one year42/48 | €71,072 | €54,136 | €61,842 | €60,606 | ▼ 2.0% |
| Trade debts44 | €3,524 | €8,830 | €23,894 | €184 | ▼ 99.2% |
| Suppliers440/4 | €3,524 | €8,830 | €23,894 | €184 | ▼ 99.2% |
| Taxes, remuneration and social security45 | €14,545 | €12,597 | €14,111 | €13,585 | ▼ 3.7% |
| Taxes450/3 | €14,545 | €12,597 | €14,111 | €13,585 | ▼ 3.7% |
| Other amounts payable47/48 | €53,003 | €32,709 | €23,836 | €46,837 | ▲ 96.5% |
| Accrued charges and deferred income492/3 | - | - | €3,401 | €4,086 | ▲ 20.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,725 | -€6,253 | €54,486 | €235 | ▼ 99.6% |
| + Depreciation and write-downs630 | - | - | €1,064 | €2,711 | ▲ 155% |
| Operating cash flow (approximation) | €37,725 | -€6,253 | €55,550 | €2,946 | ▼ 94.7% |
| Investment in fixed assets (approximation) | - | €0 | -€18,569 | -€60,974 | ▼ 228% |
| Change in cash | - | €6,908 | -€1,629 | -€3,385 | ▼ 108% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director
Vandeput Roel Nico
Current
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- WINFRAMEsubsidiarySourceown accounts 2025Equity -€328,485 Loss of €248,690 in 2025 (loss of €38,582 in 2024) Checked score 33100%
Board mandates elsewhere
1 board mandateBoard mandates of VDP developmentVDP development sits on their board1
1 location
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
07-08
micro format · 7 days late
2025
22-08
micro format · 22 days late
2024
31-12
Financial
Back to profitnet €54,486
The net result is €54,486, after one loss-making year.
21-11
Gazette deed
Registered office moved from Heusden-Zolder to HasseltPurpose change · Amendment of the articles · Power of attorney6 points ▸
Gazette deed
Registered office moved from Heusden-Zolder to Hasselt
Purpose change · Amendment of the articles · Power of attorney6 points ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders, alle aandelen aanwezig” (deed in Dutch)
- Other provision, “behandeling verslag voorwerpwijziging, exemplaar tegelijk met expeditie en uittreksel neerleggen” (deed in Dutch)
- Purpose change
- Amendment of the articles, 3
- Registered-office move, Capucienenstraat 25/0006,3500 Hasselt
- Power of attorney, Marijke MELLAERTS
30-08
micro format · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€6,253
The net result drops to -€6,253, the lowest from 2022 to 2025. It recovers the following year.
28-08
micro format · 28 days late
2021
13-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VDP development in Dutch
Enterprise number
0778.412.627
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-12-2021
Entity type
Legal entity
Registered office and establishments
Registered office
Capucienenstraat 25, 3500 Hasselt, Belgium
1 former office
- Broederspad 15, 3550 Heusden-Zolder until the act of 21-11-2024
Establishment unit
VDP development, Capucienenstraat 25, 3500 Hasselt since 09-12-2021 · unit number 2.326.419.78946180 Agents specialised in the wholesale of other particular products
Activities
NACEBEL 202564210
Activities of holding companies main activity
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
82990
Other business support services
Invoicing and payment
VAT number
BE 0778.412.627
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
933 m²
Building footprint
72 m²
Building volume
730 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71022H0589/00M000 | Flanders | 933 m² | 1 · 72 m² | 12.5 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.