VDR SERVICES
ActiveVDR SERVICES has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €254k and a net result of €-41k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency96▲+6
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.32 against 2.11 in 2024), and 47.3% 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.
−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 43
Relative position
BE, all sectors
reference
Sector 43
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
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 22-04-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
4 d early
2022
2 d late
2021
1 d early
2020
71 d early
2019
37 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
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€254k▼ 14.0%
2024 · €295k
2018: €146k
2019: €157k
2020: €164k
2021: €167k
2022: €188k
2023: €250k
2024: €295k
2018 → 2025
Total assets
€481k▼ 26.5%
2024 · €655k
2018: €349k
2019: €705k
2020: €620k
2021: €662k
2022: €613k
2023: €593k
2024: €655k
2018 → 2025
Net result
€-41k
2024 · €46k
2018: €20k
2019: €11k
2020: €7k
2021: €3k
2022: €21k
2023: €61k
2024: €46k
2018 → 2025
Working capital
€126k▼ 23.5%
2024 · €165k
2018: €79k
2019: €101k
2020: €68k
2021: €64k
2022: €85k
2023: €144k
2024: €165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€167k-€188k▲ 12.4%€250k▲ 32.6%€295k▲ 18.3%€254k▼ 14.0%
Operating result€11k-€37k▲ 233%€92k▲ 148%€70k▼ 24.6%€-37k
Net result€3k-€21k▲ 535%€61k▲ 194%€46k▼ 25.4%€-41k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37k after €70k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€318k▼ 7.2%
Current assets
€164k▼ 47.7%
Equity and liabilities €481k
Equity
€254k▼ 14.0%
Debt
€228k▼ 36.8%
The debt ratio falls from 54.9% to 47.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-7k▼
2024 · €93k
Cash flow
€-11k▼
2024 · €69k
Solvency
52.7%▲
2024 · 45.1%
Current ratio
4.32▲
2024 · 2.11
Quick ratio
4.24▲
2024 · 2.04
Debt / equity
0.90▼
2024 · 1.22
ROE
-16.3%▼
2024 · 15.5%
ROA
-8.6%▼
2024 · 7.0%
Interest coverage
-1.63▼
2024 · 20.28
Debt
€228k▼
2024 · €360k
Debt ≤ 1 year
€38k▼
2024 · €148k
Debt > 1 year
€188k▼
2024 · €210k
Income taxes
€187▼
2024 · €20k
Staff costs
€137k▼
2024 · €211k
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€655k€481k▼
Fixed assets21/28€342k€318k▼
Tangible fixed assets22/27€341k€316k▼
Land and buildings22€237k€227k▼
Plant, machinery and equipment23€72k€65k▼
Furniture and vehicles24€31k€19k▼
Other tangible fixed assets26€907€6k▲
Financial fixed assets28€1k€1k=
Current assets29/58€313k€164k▼
Stocks and contracts in progress3€10k€3k▼
Stocks30/36€10k€3k▼
Amounts receivable within one year40/41€255k€37k▼
Trade receivables40€235k€32k▼
Other amounts receivable41€20k€5k▼
Cash at bank and in hand54/58€41k€117k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€655k€481k▼
Equity10/15€295k€254k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€130k€130k=
Distributable reserves133€130k€130k=
Profit (loss) carried forward14€159k€118k▼
Amounts payable17/49€360k€228k▼
Amounts payable after more than one year17€210k€188k▼
Financial debts170/4€210k€188k▼
Amounts payable within one year42/48€148k€38k▼
Current portion of amounts payable after more than one year42€21k€21k=
Trade debts44€103k€12k▼
Suppliers440/4€103k€12k▼
Taxes, remuneration and social security45€20k€153▼
Taxes450/3€20k€129▼
Remuneration and social security454/9€978€23▼
Other amounts payable47/48€4k€4k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€211k€137k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€30k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€309k€132k▼
Operating profit (loss)9901€70k€-37k▼
Financial income75/76B€104€191▲
Recurring financial income75€104€191▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€65k€-41k▼
Income taxes67/77€20k€187▼
Profit (loss) for the period9904€46k€-41k▼
Profit (loss) for the period to be appropriated9905€46k€-41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€118k▼
Profit (loss) brought forward from the previous period14P€159k€159k=
Transfer to equity691/2€46k-
To the legal reserve6920€46k-
Social balance
Average headcount (FTE)9087195,989.0-
The notes to these accounts (7 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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-41k ▼190%
Net result drops to €-41k, the lowest in the series.
30-09
Financial
Liquidity doublescurrent ratio 4.32
Current ratio from 2.11 to 4.32; short-term debt falls from €148k to €38k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €61k ▲194%
Operating result €92k, net result €61k, both a record.
30-09
Financial
Equity above €200kEq €250k ▲32.6%
6 profitable years in a row build equity to €250k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €150kEq €157k ▲7.4%
2 profitable years in a row build equity to €157k.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Pepingen · 1 establishment unit since 2009
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.
Eikstraat(BR) 41673 PepingenGround area
710 m²
Building footprint
170 m²
Volume, LiDAR
765 m³
Parcel 23004A0282/00P000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDR SERVICES
since 20092.183.505.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23004A0282/00P000 | Flanders | 710 m² | 1 · 170 m² | 7.1 m · 2 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.
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
SAELS TECHNICS
BE 0788.897.634
Herk-de-Stad · Eq €254k
Waasland Security
BE 0894.725.525
Sint-Niklaas · Eq €254k
RV ELECTRICITEITSWERKEN
BE 0478.642.441
Olen · Eq €254k
BenK Strauven
BE 0865.981.059
Sint-Truiden · Eq €254k
ALL-TECH GENK
BE 0669.769.261
Genk · Eq €254k
Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 7,843 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2009
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/361.80.15