VDP MGMT
ActiveVDP MGMT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €72k. Its solvency ranks better than 84% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 6.91 against 3.48 in 2024; short-term debt: 13.6% and cash: 24.8% of total assets), and 13.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
86.4%
Return on assets
34.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 2 filingsDeviation from the deadline
2025
26 d late
2024
54 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€180k▲ 66.8%
2024 · €108k
2024: €108k
2024 → 2025
Total assets
€208k▲ 49.9%
2024 · €139k
2024: €139k
2024 → 2025
Net result
€72k▼ 22.4%
2024 · €93k
2024: €93k
2024 → 2025
Working capital
€167k▲ 118%
2024 · €77k
2024: €77k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€108k-€180k▲ 66.8%
Operating result€121k-€88k▼ 26.9%
Net result€93k-€72k▼ 22.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€12k▼ 59.7%
Current assets
€195k▲ 81.2%
Equity and liabilities €208k
Equity
€180k▲ 66.8%
Debt
€28k▼ 8.9%
The debt ratio falls from 22.4% to 13.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▼
2024 · €153k
Cash flow
€90k▼
2024 · €125k
Solvency
86.4%▲
2024 · 77.6%
Current ratio
6.91▲
2024 · 3.48
Quick ratio
6.91▲
2024 · 3.48
Debt / equity
0.16▼
2024 · 0.29
ROE
40.0%▼
2024 · 86.1%
ROA
34.6%▼
2024 · 66.8%
Interest coverage
503.03▲
2024 · 35.64
Debt
€28k▼
2024 · €31k
Debt ≤ 1 year
€28k▼
2024 · €31k
Income taxes
€18k▼
2024 · €26k
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€139k€208k▲
Fixed assets21/28€31k€12k▼
Tangible fixed assets22/27€31k€12k▼
Furniture and vehicles24€31k€12k▼
Current assets29/58€108k€195k▲
Amounts receivable within one year40/41€20k€29k▲
Trade receivables40€11k€19k▲
Other amounts receivable41€8k€10k▲
Current investments50/53€71k€115k▲
Cash at bank and in hand54/58€16k€52k▲
Deferred charges and accrued income490/1€1k€336▼
Equity and liabilities
Total equity and liabilities10/49€139k€208k▲
Equity10/15€108k€180k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€93k€165k▲
Amounts payable17/49€31k€28k▼
Amounts payable within one year42/48€31k€28k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€27k€25k▼
Taxes450/3€27k€25k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€18k▼
Other operating charges640/8€1k€407▼
Gross operating margin9900€154k€107k▼
Operating profit (loss)9901€121k€88k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€4k€212▼
Recurring financial charges65€4k€212▼
Profit (loss) for the period before taxes9903€119k€90k▼
Income taxes67/77€26k€18k▼
Profit (loss) for the period9904€93k€72k▼
Profit (loss) for the period to be appropriated9905€93k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€165k▲
Profit (loss) brought forward from the previous period14P-€93k
The notes to these accounts (4 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Equity above €150kEq €180k ▲66.8%
2 profitable years in a row build equity to €180k.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 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, Affligem · 1 establishment unit since 2023
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.
Kerlemeers 191790 AffligemGround area
1,884 m²
Building footprint
367 m²
Volume, LiDAR
1,626 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDP MGMT
since 20232.342.240.984
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23021B0488/00H004 | Flanders | 951 m² | 1 · 163 m² | 7.6 m · 2 fl. |
| 23002H0482/00D000 | Flanders | 933 m² | 1 · 203 m² | 8.1 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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BMS-94
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GRAPHIC PACKAGING INTERNATIONAL EUROPE
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,495. 2,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2023
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
68121Development of residential building projects
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.