VDR Bikes
ActiveThe computed 12-month bankruptcy probability of VDR Bikes is 2.1% (moderate). The 2024 annual accounts show equity of €216k and a net result of €-44k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 9623 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▼-49
Solvency46=
Growth57▼-25
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 2.6 against 2.08 in 2023; short-term debt: 36.9% and cash: 5.4% of total assets), but 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.6%
Return on assets
-4.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
34 d early
2022
28 d early
2021
53 d early
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.51M▼ 2.8%
2023 · €1.55M
2021: €1.14M
2022: €1.46M
2023: €1.55M
2021 → 2024
EBIT margin
-2.1%▼ 6.9pp
2023 · 4.7%
2021: 9.7%
2022: 12.4%
2023: 4.7%
2021 → 2024
Net result
€-44k
2023 · €49k
2020: €-30k
2021: €89k
2022: €133k
2023: €49k
2020 → 2024
Working capital
€619k▼ 1.8%
2023 · €630k
2020: €73k
2021: €348k
2022: €537k
2023: €630k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.14M€1.46M▲ 28.8%€1.55M▲ 6.1%€1.51M▼ 2.8%
Equity€-12k-€77k€211k▲ 172%€259k▲ 23.2%€216k▼ 16.8%
Operating result€-28k-€110k€181k▲ 63.8%€74k▼ 59.3%€-32k
Net result€-30k-€89k€133k▲ 49.1%€49k▼ 63.3%€-44k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32k after €74k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.05M
Fixed assets
€41k▼ 18.8%
Current assets
€1.01M▼ 17.0%
Equity and liabilities €1.05M
Equity
€216k▼ 16.8%
Debt
€830k▼ 17.2%
The debt ratio falls from 79.4% to 79.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2023 · €84k
Cash flow
€-32k▼
2023 · €59k
Solvency
20.6%▲
2023 · 20.6%
Current ratio
2.60▲
2023 · 2.08
Quick ratio
0.34▲
2023 · 0.19
Debt / equity
3.84▼
2023 · 3.86
ROE
-20.2%▼
2023 · 18.8%
ROA
-4.2%▼
2023 · 3.9%
Interest coverage
-1.25▼
2023 · 6.90
Debt
€830k▼
2023 · €1.00M
Debt ≤ 1 year
€386k▼
2023 · €581k
Debt > 1 year
€444k▲
2023 · €421k
Income taxes
€0▼
2023 · €18k
Staff costs
€171k▼
2023 · €197k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.26M€1.05M▼
Fixed assets21/28€50k€41k▼
Tangible fixed assets22/27€50k€41k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€396€166▼
Leasing and similar rights25€25k€19k▼
Other tangible fixed assets26€7k€8k▲
Financial fixed assets28€30€30=
Current assets29/58€1.21M€1.01M▼
Stocks and contracts in progress3€1.10M€873k▼
Stocks30/36€1.10M€873k▼
Amounts receivable within one year40/41€92k€74k▼
Trade receivables40€30k€16k▼
Other amounts receivable41€62k€59k▼
Cash at bank and in hand54/58€16k€56k▲
Deferred charges and accrued income490/1€809€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.05M▼
Equity10/15€259k€216k▼
Contributions10/11€19k€19k=
Reserves13€241k€197k▼
Distributable reserves133€241k€197k▼
Amounts payable17/49€1.00M€830k▼
Amounts payable after more than one year17€421k€444k▲
Financial debts170/4€421k€444k▲
Amounts payable within one year42/48€581k€386k▼
Current portion of amounts payable after more than one year42€71k€77k▲
Financial debts43€129k€173k▲
Credit institutions430/8€129k€173k▲
Trade debts44€312k€80k▼
Suppliers440/4€312k€80k▼
Advances received on contracts in progress46€5k€10k▲
Taxes, remuneration and social security45€65k€46k▼
Taxes450/3€23k€14k▼
Remuneration and social security454/9€42k€31k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Turnover70€1.55M€1.51M▼
Goods, raw materials, services and sundry goods60/61€1.29M€1.37M▲
Remuneration, social security and pensions62€197k€171k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€283k€152k▼
Operating profit (loss)9901€74k€-32k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€4k€5k▲
Non-recurring financial income76B€1k€0▼
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€67k€-44k▼
Income taxes67/77€18k€0▼
Profit (loss) for the period9904€49k€-44k▼
Profit (loss) for the period to be appropriated9905€49k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€-44k▼
Transfer from equity791/2-€44k
Transfer to equity691/2€49k€0▼
To other reserves6921€49k€0▼
Social balance
Average headcount (FTE)90874.03.3▼
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-44k ▼189%
Net result drops to €-44k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €133k ▲49.1%
Operating result €181k, net result €133k, both a record.
31-12
Financial
Equity above €200kEq €211k ▲172%
2 profitable years in a row build equity to €211k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Halen · 1 establishment unit since 2019
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.
Fonteinstraat 153545 HalenGround area
1,622 m²
Building footprint
579 m²
Parcel 71020B0248/00G004, Flanders. Linked by address, not a title deed.
1 establishment unit
VDR Bikes
since 20192.288.618.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020B0248/00G004 | Flanders | 1,622 m² | 1 · 578 m² | - |
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.
Similar companies · same sector, comparable size
Star Bike
BE 0669.752.039
Tintigny · Eq €216k
S&C Consulting
BE 0631.801.184
Bornem · Eq €214k
ThaSiLu
BE 0777.974.345
Wavre · Eq €218k
GARAGE PASSION
BE 0895.497.466
Lasne · Eq €213k
Het Fietslab
BE 0695.389.040
Leuven · Eq €213k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 638 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2019
Fiscal year end31-12
Activities, NACEBEL
47632Retail sale of bicycles
47785Retail trade
45402
47639Retail sale of other sporting goods
47640Retail trade
47711Retail sale of women's outerwear
47712Retail trade
47830Retail sale of motorcycles and motorcycle parts and accessories
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.