Debts
€770,461 78% of the balance sheet
Financial debts 68%Suppliers 18%Taxes and wages 5%Other 9%
Of this, €390,846 falls due within a year.
VDR Bikes
Lifetime
6 annual accounts with figures on one time axispeak €355,838 (2022)
€211,392▲ 39.1%
lowest -€43,550 (2024)
€5,867▲ €49,417
peak €259,428 (2023)
€221,745▲ 2.7%
€770,461▼ 7.2%
peak 4 FTE (2023)
3.8 FTE▲ 15.2%
Board1 name since 2021
1 directorVANDENREYT Andy Louis Henri
Documentsfilings and deeds
25-06-202636 days before the deadline
2025abbreviated format
Gross margin from €151,971 to €211,392Back to profit: €5,867Staff from 3.3 FTE to 3.8 FTECash from €56,406 to €37,353
Key points
from the 2025 annual accountsChecked score
66
Healthy
Financially stronger than 36% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.2%▼ -0.1 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.4%▲ +0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▼ -0.5 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.2%▲ +0.2 percentage points vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.4%▲ +0.1 percentage points vs 07-2026
09-2026: 1.5%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.0%▼ -0.5 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2019
Sector: Retail trade (NACE 47)
Equity €221,745 (22.3% of total assets)
lowers risk
Figures for financial year 2025 (filed on 25-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 38% of them on solvency, 34% on liquidity, 26% on profitability and 48% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as VDR Bikes has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDR Bikes itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,274 companies, not a prediction for VDR Bikes. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.46 (2.6 in 2024), above the usual 1.5. Short-term debt is 39.4% and cash 3.8% of total assets. However, 77.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 25-06-2026, 36 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
36 days early
2024
30 days early
2023
34 days early
2022
28 days early
2021
53 days early
2020
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 36 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 28 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director resigning, 1 reappointment
Resignation: VANDENREYT Andy Louis Henri · Reappointment: VANDENREYT Andy Louis Henri (director) · Permanent representative: VANDENREYT Andy Louis Henri · General meeting of 25-10-2023 · Gazette deed
Incorporation
published on 03-05-2019 · Gazette deed
First establishment
Fonteinstraat 15, Halen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VDR Bikes Halen | €1.5m | 0.9% | 22.3% | 3.8 |
| CYCLES HENRARD Thimister-Clermont | - | - | 40.8% | 3.7 |
| PERVELO Ghent | - | - | 10.3% | 4.1 |
| myBike.be Bruges | - | - | 10.1% | 4.1 |
| JIMMY CYCLES Bastogne | - | - | 38.3% | 3.3 |
| RIJWIELEN FIDES Bever | - | - | 1.2% | 3.2 |
| BFZcycles Eghezée | €2.4m | 3.5% | 37.0% | 3 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VDR Bikes: retail sale of bicycles (NACE 47632). They are comparable in size and age: total assets between €974,000 and €1.3m, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 30-04-2019Normal situation
- Activity
- Retail sale of bicyclesNACE 47632and 5 others
- Joint committee
- 149.04Metal trade · annual accounts 2025
- Establishment unit
- 2.288.618.3943545 Halen, since 30-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €992,206▼ 5.1%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on VDR Bikes
VDR Bikes files the abbreviated format. That format states no turnover. The gross margin rose from €57,382 in 2020 to €211,392 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VDR Bikes
- What is the company number of VDR Bikes?
- The company number of VDR Bikes is 0725.881.781. The VAT number is the same number with BE in front: BE 0725.881.781.
- Where is VDR Bikes based?
- The registered office is at Fonteinstraat 15, 3545 Halen.Company details
- What does VDR Bikes do?
- According to the KBO register, the main activity is retail sale of bicycles (NACE 47632).
- What is the legal form of VDR Bikes?
- VDR Bikes is a private limited company (BV).
- When was VDR Bikes founded?
- VDR Bikes was founded on 30-04-2019.
- Is VDR Bikes still active?
- Yes, VDR Bikes is an active enterprise in the KBO register.
- How many employees does VDR Bikes have?
- VDR Bikes had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VDR Bikes fall under?
- In its 2025 annual accounts, VDR Bikes states joint committee 149.04 (Metal trade).
- What is the turnover of VDR Bikes?
- The turnover of VDR Bikes was €1.5m in financial year 2025, according to the filed annual accounts.
- Is VDR Bikes profitable?
- In financial year 2025, VDR Bikes made a profit of €5,867.
- Where can I find the annual accounts of VDR Bikes?
- VDR Bikes filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VDR Bikes due?
- VDR Bikes must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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