VDR GROEP
ActiveVDR GROEP has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €18k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 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
Profitability75=
Solvency56▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.22 in 2024; short-term debt: 56.8% and cash: 63.6% of total assets), and 69.3% 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 →
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
30.7%
Return on assets
5.3%
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 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
13 d early
2023
15 d early
2022
2 d early
2021
31 d early
2020
37 d early
2019
31 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
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€103k▲ 21.1%
2024 · €85k
2018: €84k
2019: €66k
2020: €74k
2021: €45k
2022: €66k
2023: €70k
2024: €85k
2018 → 2025
Total assets
€336k▲ 6.0%
2024 · €317k
2018: €260k
2019: €244k
2020: €280k
2021: €258k
2022: €275k
2023: €294k
2024: €317k
2018 → 2025
Net result
€18k▲ 21.3%
2024 · €15k
2018: €16k
2019: €-17k
2020: €7k
2021: €-28k
2022: €21k
2023: €4k
2024: €15k
2018 → 2025
Working capital
€58k▲ 44.2%
2024 · €40k
2018: €64k
2019: €21k
2020: €26k
2021: €647
2022: €23k
2023: €27k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€66k▲ 46.2%€70k▲ 6.1%€85k▲ 21.0%€103k▲ 21.1%
Operating result€-25k-€24k€6k▼ 73.4%€18k▲ 171%€21k▲ 17.3%
Net result€-28k-€21k€4k▼ 80.8%€15k▲ 267%€18k▲ 21.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336k
Fixed assets
€87k▼ 9.5%
Current assets
€249k▲ 12.8%
Equity and liabilities €336k
Equity
€103k▲ 21.1%
Debt
€233k▲ 0.5%
The debt ratio falls from 73.1% to 69.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €28k
Cash flow
€27k▲
2024 · €25k
Solvency
30.7%▲
2024 · 26.9%
Current ratio
1.30▲
2024 · 1.22
Quick ratio
1.25▲
2024 · 1.15
Debt / equity
2.26▼
2024 · 2.72
ROE
17.4%▲
2024 · 17.4%
ROA
5.3%▲
2024 · 4.7%
Interest coverage
18.59▲
2024 · 14.74
Debt
€233k▲
2024 · €232k
Debt ≤ 1 year
€191k▲
2024 · €180k
Debt > 1 year
€42k▼
2024 · €52k
Income taxes
€4k▲
2024 · €2k
Staff costs
€10k▼
2024 · €16k
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€317k€336k▲
Fixed assets21/28€97k€87k▼
Tangible fixed assets22/27€97k€87k▼
Land and buildings22€94k€87k▼
Furniture and vehicles24€3k€0▼
Current assets29/58€220k€249k▲
Stocks and contracts in progress3€14k€11k▼
Stocks30/36€14k€11k▼
Amounts receivable within one year40/41€15k€24k▲
Trade receivables40€11k€23k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€192k€214k▲
Equity and liabilities
Total equity and liabilities10/49€317k€336k▲
Equity10/15€85k€103k▲
Contributions10/11€19k€19k=
Reserves13€67k€85k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€62k€80k▲
Profit (loss) carried forward14-€-103
Amounts payable17/49€232k€233k▲
Amounts payable after more than one year17€52k€42k▼
Financial debts170/4€52k€42k▼
Amounts payable within one year42/48€180k€191k▲
Current portion of amounts payable after more than one year42€12k€9k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€3k€447▼
Other amounts payable47/48€160k€176k▲
Accrued charges and deferred income492/3-€85
Income statement
Code20242025
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€16k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€46k€42k▼
Operating profit (loss)9901€18k€21k▲
Financial income75/76B€752€3k▲
Recurring financial income75€652€3k▲
Non-recurring financial income76B€100-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€16k€22k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€15k€18k▲
Profit (loss) for the period to be appropriated9905€15k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€18k▲
Transfer to equity691/2€15k€18k▲
To other reserves6921€15k€18k▲
The notes to these accounts (8 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €100kEq €103k ▲21.1%
4 profitable years in a row build equity to €103k.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-28k ▼490%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
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, Roeselare · 1 establishment unit since 2001
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.
Koningsstraat 108800 RoeselareGround area
1,438 m²
Building footprint
601 m²
Volume, LiDAR
1,640 m³
2 parcels, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PANLINE INTERNATIONAL
since 20012.013.892.026
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0074/00W006 | Flanders | 986 m² | 1 · 440 m² | 7.5 m |
| 36302B0075/00M002 | Flanders | 451 m² | 1 · 161 m² | 11.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 26,890 EUR awarded · 26,889 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,464 EUR | 6,463 EUR |
| 2024 | 1 | 6,264 EUR | 6,264 EUR |
| 2023 | 1 | 7,469 EUR | 7,469 EUR |
| 2022 | 1 | 6,693 EUR | 6,693 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
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Of 4,248 companies in sector 47789 we hold annual accounts for 1,021. 821 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-08-1977
Fiscal year end30-09
Activities, NACEBEL
46649Wholesale of other machinery and equipment
47789Other retail sale of new goods
52498
46499Wholesale of other household goods
46900Non-specialised wholesale trade
47540Retail sale of electrical household appliances
51478
51900
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.