VDP INDUSTRIES
ActiveVDP INDUSTRIES has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €33k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-17
Solvency44▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.21 in 2024; short-term debt: 67.7% and cash: 8% of total assets), and 81.2% 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 27
Relative position
BE, all sectors
reference
Sector 27
higher
← 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
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
18.8%
Return on assets
1.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
25 d early
2022
9 d early
2021
2 d early
2020
7 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€511k▲ 6.9%
2024 · €478k
2018: €455k
2020: €240k
2021: €244k
2022: €280k
2023: €345k
2024: €478k
2018 → 2025
Total assets
€2.71M▲ 1.2%
2024 · €2.68M
2018: €3.06M
2020: €1.82M
2021: €1.90M
2022: €2.52M
2023: €2.66M
2024: €2.68M
2018 → 2025
Net result
€33k▼ 75.2%
2024 · €133k
2018: €128k
2020: €123k
2021: €3k
2022: €36k
2023: €65k
2024: €133k
2018 → 2025
Working capital
€449k▲ 14.6%
2024 · €392k
2018: €94k
2020: €289k
2021: €212k
2022: €230k
2023: €261k
2024: €392k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€280k▲ 14.8%€345k▲ 23.1%€478k▲ 38.6%€511k▲ 6.9%
Operating result€27k-€66k▲ 144%€137k▲ 107%€267k▲ 94.8%€126k▼ 52.9%
Net result€3k-€36k▲ 955%€65k▲ 79.1%€133k▲ 105%€33k▼ 75.2%
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 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.71M
Fixed assets
€427k▼ 5.8%
Current assets
€2.28M▲ 2.6%
Equity and liabilities €2.71M
Equity
€511k▲ 6.9%
Debt
€2.20M▼ 0.1%
The debt ratio falls from 82.2% to 81.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258k▼
2024 · €397k
Cash flow
€165k▼
2024 · €263k
Solvency
18.8%▲
2024 · 17.8%
Current ratio
1.24▲
2024 · 1.21
Quick ratio
0.98▲
2024 · 0.97
Debt / equity
4.31▼
2024 · 4.61
ROE
6.5%▼
2024 · 27.8%
ROA
1.2%▼
2024 · 5.0%
Interest coverage
3.83▼
2024 · 5.34
Debt
€2.20M▼
2024 · €2.20M
Debt ≤ 1 year
€1.83M=
2024 · €1.83M
Debt > 1 year
€362k▼
2024 · €365k
Income taxes
€25k▼
2024 · €60k
Staff costs
€2.14M▲
2024 · €1.97M
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€2.68M€2.71M▲
Fixed assets21/28€453k€427k▼
Intangible fixed assets21€8k€273▼
Tangible fixed assets22/27€445k€427k▼
Plant, machinery and equipment23€329k€300k▼
Furniture and vehicles24€38k€76k▲
Other tangible fixed assets26€78k€52k▼
Financial fixed assets28€0-
Current assets29/58€2.23M€2.28M▲
Stocks and contracts in progress3€442k€485k▲
Stocks30/36€240k€246k▲
Contracts in progress37€202k€239k▲
Amounts receivable within one year40/41€1.65M€1.57M▼
Trade receivables40€1.62M€1.57M▼
Other amounts receivable41€30k€399▼
Cash at bank and in hand54/58€120k€218k▲
Deferred charges and accrued income490/1€11k€14k▲
Equity and liabilities
Total equity and liabilities10/49€2.68M€2.71M▲
Equity10/15€478k€511k▲
Contributions10/11€62k€62k=
Reserves13€356k€356k=
Tax-exempt reserves132€37k€37k=
Distributable reserves133€319k€319k=
Profit (loss) carried forward14€60k€93k▲
Amounts payable17/49€2.20M€2.20M▼
Amounts payable after more than one year17€365k€362k▼
Financial debts170/4€365k€362k▼
Amounts payable within one year42/48€1.83M€1.83M=
Current portion of amounts payable after more than one year42€107k€90k▼
Financial debts43€801k€855k▲
Credit institutions430/8€801k€855k▲
Trade debts44€613k€512k▼
Suppliers440/4€613k€512k▼
Advances received on contracts in progress46€221€16k▲
Taxes, remuneration and social security45€313k€362k▲
Taxes450/3€70k€111k▲
Remuneration and social security454/9€243k€251k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€578€10k▲
Remuneration, social security and pensions62€1.97M€2.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€132k▲
Other operating charges640/8€21k€13k▼
Non-recurring operating charges66A€0€744▲
Gross operating margin9900€2.39M€2.41M▲
Operating profit (loss)9901€267k€126k▼
Financial income75/76B€96€25▼
Recurring financial income75€96€25▼
Financial charges65/66B€74k€68k▼
Recurring financial charges65€74k€68k▼
Profit (loss) for the period before taxes9903€193k€58k▼
Income taxes67/77€60k€25k▼
Profit (loss) for the period9904€133k€33k▼
Profit (loss) for the period to be appropriated9905€133k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€93k▼
Profit (loss) brought forward from the previous period14P€27k€60k▲
Transfer to equity691/2€100k€0▼
To other reserves6921€100k€0▼
Social balance
Average headcount (FTE)908727.028.0▲
The notes to these accounts (27 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
19-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment7 facts ▸
- General meeting, 2026-04-07
- Director resignation, Dirk Van Doren (bestuurder)
- Director resignation, Gunnar Pille (bestuurder)
- Director appointment, PK72 BV (bestuurder)
- Permanent representative, Dirk Van Doren
- Director appointment, SEQUENT BV (bestuurder)
- Permanent representative, Gunnar Pille
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €500kEq €511k ▲6.9%
7 profitable years in a row build equity to €511k.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €133k ▲105%
Operating result €267k, net result €133k, both a record.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €3k ▼97.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
SEQUENT
CurrentDirector · since 01-04-2026 · Private limited company · perm. rep.: Gunnar Pille
PK72
CurrentDirector · since 13-10-2025 · Private limited company · perm. rep.: Dirk Van Doren
07-04-2026
Dirk Van Doren: Resigned as Director
07-04-2026
Gunnar Pille: Resigned as Director
01-04-2026
SEQUENT: Appointed as Director
13-10-2025
PK72: Appointed as Director
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1981
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.
Venecoweg 259810 Nazareth-De PinteGround area
7,155 m²
Building footprint
3,736 m²
Volume, LiDAR
17,325 m³
Parcel 44048A0132/00Z005, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDP Industries bvba
since 19812.018.254.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048A0132/00Z005 | Flanders | 7,155 m² | 1 · 3,736 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,680 EUR awarded · 8,073 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,823 EUR | 1,264 EUR |
| 2024 | 1 | 1,835 EUR | 2,992 EUR |
| 2023 | 2 | 1,090 EUR | 3,817 EUR |
| 2022 | 1 | 1,932 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
Lambregt
BE 0442.496.083
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ABT+
BE 0473.883.305
Turnhout · Eq €490k
BOBINAGE VANROBAEYS
BE 0462.238.454
Tielt · Eq €534k
BOBITEC
BE 0454.797.663
Kortrijk · Eq €486k
Added Value Industrial Services
BE 0754.656.238
Antwerpen · Eq €545k
Of 262 companies in sector 27110 we hold annual accounts for 173. 122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-1980
Fiscal year end30-09
Activities, NACEBEL
27110Manufacture of electrical equipment
25110Manufacture of metal structures and parts of structures
28110
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.