VDP GROUP
ActiveVDP GROUP has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €471k and a net result of €-58k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-3
Solvency95▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.33 against 1.12 in 2024; short-term debt: 11.5% and cash: 0.2% of total assets), and 29.9% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-58k
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
6 d early
2023
on the day
2022
8 d late
2021
25 d late
2020
2 d early
2019
55 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€471k▼ 10.9%
2024 · €528k
2018: €630k
2019: €634k
2020: €664k
2021: €639k
2022: €621k
2023: €575k
2024: €528k
2018 → 2025
Total assets
€672k▼ 9.3%
2024 · €741k
2018: €1.52M
2019: €1.18M
2020: €1.17M
2021: €1.02M
2022: €956k
2023: €875k
2024: €741k
2018 → 2025
Net result
€-58k▼ 23.2%
2024 · €-47k
2018: €-153k
2019: €4k
2020: €30k
2021: €-25k
2022: €-18k
2023: €-46k
2024: €-47k
2018 → 2025
Working capital
€-51k
2024 · €8k
2018: €41k
2019: €78k
2020: €115k
2021: €101k
2022: €93k
2023: €62k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€639k-€621k▼ 2.8%€575k▼ 7.4%€528k▼ 8.1%€471k▼ 10.9%
Operating result€-12k-€-9k▲ 26.8%€-33k▼ 285%€-26k▲ 21.2%€-44k▼ 70.9%
Net result€-25k-€-18k▲ 29.0%€-46k▼ 162%€-47k▼ 0.9%€-58k▼ 23.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44k in 2025 against €26k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €672k
Fixed assets
€646k▼ 3.3%
Current assets
€26k▼ 64.5%
Equity and liabilities €672k
Equity
€471k▼ 10.9%
Debt
€201k▼ 5.5%
The debt ratio rises from 28.7% to 29.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-22k▼
2024 · €-1k
Cash flow
€-35k▼
2024 · €-22k
Solvency
70.1%▼
2024 · 71.3%
Current ratio
0.33▼
2024 · 1.12
Quick ratio
0.18▼
2024 · 0.60
Debt / equity
0.43▲
2024 · 0.40
ROE
-12.2%▼
2024 · -8.8%
ROA
-8.6%▼
2024 · -6.3%
Interest coverage
-1.72▼
2024 · -0.07
Debt
€201k▼
2024 · €213k
Debt ≤ 1 year
€77k▲
2024 · €65k
Debt > 1 year
€121k▼
2024 · €144k
Income taxes
€108▼
2024 · €262
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€741k€672k▼
Fixed assets21/28€668k€646k▼
Tangible fixed assets22/27€668k€646k▼
Land and buildings22€668k€646k▼
Plant, machinery and equipment23€0-
Current assets29/58€73k€26k▼
Stocks and contracts in progress3€34k€12k▼
Stocks30/36€34k€12k▼
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€5k€5k▲
Current investments50/53€49€49=
Cash at bank and in hand54/58€26k€1k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€741k€672k▼
Equity10/15€528k€471k▼
Contributions10/11€468k€468k=
Reserves13€274k€274k=
Distributable reserves133€274k€274k=
Profit (loss) carried forward14€-213k€-271k▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Major repairs and maintenance162€0-
Amounts payable17/49€213k€201k▼
Amounts payable after more than one year17€144k€121k▼
Financial debts170/4€144k€121k▼
Amounts payable within one year42/48€65k€77k▲
Current portion of amounts payable after more than one year42€23k€23k=
Financial debts43€3k€23k▲
Credit institutions430/8€3k€23k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€1k€885▼
Remuneration and social security454/9€770€770=
Other amounts payable47/48€33k€29k▼
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€22k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-10k€0▲
Other operating charges640/8€7k€7k▼
Gross operating margin9900€-4k€-15k▼
Operating profit (loss)9901€-26k€-44k▼
Financial charges65/66B€20k€13k▼
Recurring financial charges65€20k€13k▼
Profit (loss) for the period before taxes9903€-46k€-57k▼
Income taxes67/77€262€108▼
Profit (loss) for the period9904€-47k€-58k▼
Profit (loss) for the period to be appropriated9905€-47k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-216k€-271k▼
Profit (loss) brought forward from the previous period14P€-170k€-213k▼
Transfer from equity791/2€3k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €30k ▲655%
Operating result €47k, net result €30k, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, De Panne · 1 establishment unit since 1986
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.
Duinkerkekeiweg 108660 De PanneGround area
8,998 m²
Building footprint
1,118 m²
Volume, LiDAR
4,627 m³
2 parcels, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Woumenweg 202, 8600 Diksmuide
since 19862.028.727.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32026D0387/00V000 | Flanders | 8,212 m² | 1 · 939 m² | 9.1 m · 1 fl. |
| 38001D0206/00B002 | Flanders | 786 m² | 1 · 178 m² | 8.5 m · 1 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 418 companies in sector 47260 we hold annual accounts for 264. 161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-1986
Fiscal year end31-12
Activities, NACEBEL
47260Retail trade
52481
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.