VDS
ActiveVDS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.36M and a net result of €1.36M. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency94▲+2
Growth68▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.69 in 2024; short-term debt: 27.1% and cash: 6.7% of total assets), and 30.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
69.3%
Return on assets
8.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
19 d early
2022
33 d early
2021
13 d early
2020
11 d early
2019
9 d early
← 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, full schema
Turnover
€31.10M▲ 9.8%
2024 · €28.33M
2018: €22.31M
2019: €22.18M
2020: €23.59M
2021: €24.63M
2022: €34.52M
2023: €27.80M
2024: €28.33M
2018 → 2025
EBIT margin
5.5%▼ 0.1pp
2024 · 5.7%
2018: 5.1%
2019: 3.9%
2020: 5.1%
2021: 7.2%
2022: 7.7%
2023: 4.9%
2024: 5.7%
2018 → 2025
Net result
€1.36M▲ 4.6%
2024 · €1.30M
2018: €869k
2019: €676k
2020: €930k
2021: €1.35M
2022: €2.13M
2023: €1.06M
2024: €1.30M
2018 → 2025
Working capital
€8.14M▲ 11.7%
2024 · €7.29M
2018: €3.94M
2019: €3.30M
2020: €3.98M
2021: €5.01M
2022: €6.67M
2023: €7.11M
2024: €7.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24.63M-€34.52M▲ 40.1%€27.80M▼ 19.4%€28.33M▲ 1.9%€31.10M▲ 9.8%
Equity€7.61M-€9.14M▲ 20.1%€9.60M▲ 5.1%€10.45M▲ 8.9%€11.36M▲ 8.7%
Operating result€1.76M-€2.67M▲ 51.0%€1.37M▼ 48.5%€1.61M▲ 17.4%€1.72M▲ 6.9%
Net result€1.35M-€2.13M▲ 57.7%€1.06M▼ 50.3%€1.30M▲ 22.9%€1.36M▲ 4.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.40M
Fixed assets
€3.81M▼ 4.9%
Current assets
€12.59M▲ 8.5%
Equity and liabilities €16.40M
Equity
€11.36M▲ 8.7%
Provisions
€1k▼ 47.1%
Debt
€5.03M▼ 2.3%
The debt ratio falls from 33.0% to 30.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.17M▲
2024 · €2.01M
Cash flow
€1.81M▲
2024 · €1.70M
Solvency
69.3%▲
2024 · 67.0%
Current ratio
2.83▲
2024 · 2.69
Quick ratio
2.31▲
2024 · 2.03
Debt / equity
0.44▼
2024 · 0.49
ROE
12.0%▼
2024 · 12.5%
ROA
8.3%▼
2024 · 8.3%
Interest coverage
98.85▲
2024 · 71.39
Debt
€5.03M▼
2024 · €5.16M
Debt ≤ 1 year
€4.45M▲
2024 · €4.31M
Debt > 1 year
€584k▼
2024 · €830k
Income taxes
€429k▲
2024 · €393k
Staff costs
€1.90M▲
2024 · €1.86M
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€15.61M€16.40M▲
Fixed assets21/28€4.00M€3.81M▼
Intangible fixed assets21€30k€22k▼
Tangible fixed assets22/27€3.76M€3.57M▼
Land and buildings22€2.80M€2.54M▼
Plant, machinery and equipment23€907k€842k▼
Furniture and vehicles24€57k€186k▲
Financial fixed assets28€216k€216k=
Affiliated companies280/1€63k€63k=
Participating interests280€63k€63k=
Companies linked by participating interests282/3€153k€153k=
Participating interests282€153k€153k=
Other financial fixed assets284/8€55€0▼
Amounts receivable and cash guarantees285/8€55€0▼
Current assets29/58€11.60M€12.59M▲
Stocks and contracts in progress3€2.84M€2.31M▼
Stocks30/36€2.84M€2.31M▼
Raw materials and consumables30/31€2.53M€1.99M▼
Finished goods33€313k€264k▼
Goods purchased for resale34-€54k
Amounts receivable within one year40/41€5.43M€5.62M▲
Trade receivables40€5.13M€5.46M▲
Other amounts receivable41€301k€158k▼
Current investments50/53€1.91M€3.51M▲
Other investments51/53€1.91M€3.51M▲
Cash at bank and in hand54/58€1.35M€1.10M▼
Deferred charges and accrued income490/1€75k€56k▼
Equity and liabilities
Total equity and liabilities10/49€15.61M€16.40M▲
Equity10/15€10.45M€11.36M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10.38M€11.27M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€224k€9k▼
Distributable reserves133€10.15M€11.25M▲
Profit (loss) carried forward14€9k€35k▲
Provisions and deferred taxes16€3k€1k▼
Deferred taxes168€3k€1k▼
Amounts payable17/49€5.16M€5.03M▼
Amounts payable after more than one year17€830k€584k▼
Financial debts170/4€830k€584k▼
Credit institutions173€830k€584k▼
Amounts payable within one year42/48€4.31M€4.45M▲
Current portion of amounts payable after more than one year42€267k€246k▼
Trade debts44€3.34M€3.49M▲
Suppliers440/4€3.34M€3.49M▲
Taxes, remuneration and social security45€256k€259k▲
Taxes450/3€64k€50k▼
Remuneration and social security454/9€191k€209k▲
Other amounts payable47/48€450k€450k=
Accrued charges and deferred income492/3€10k€436▼
Income statement
Code20242025
Operating income70/76A€29.04M€31.24M▲
Turnover70€28.33M€31.10M▲
Change in stocks of work in progress, finished goods and contracts in progress71€150k€-48k▼
Other operating income74€166k€186k▲
Non-recurring operating income76A€395k€2k▼
Operating charges60/66A€27.43M€29.52M▲
Goods for resale, raw materials and consumables60€22.62M€25.18M▲
Purchases600/8€23.09M€24.70M▲
Change in stocks: decrease (increase)609€-471k€487k▲
Services and other goods61€2.03M€1.89M▼
Remuneration, social security and pensions62€1.86M€1.90M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€401k€453k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€51k
Other operating charges640/8€42k€40k▼
Non-recurring operating charges66A€477k€453▼
Operating profit (loss)9901€1.61M€1.72M▲
Financial income75/76B€130k€119k▼
Recurring financial income75€130k€119k▼
Income from financial fixed assets750€50k€50k=
Income from current assets751€73k€59k▼
Other financial income752/9€7k€10k▲
Financial charges65/66B€47k€51k▲
Recurring financial charges65€47k€51k▲
Debt charges650€28k€22k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-2k€-2k▼
Other financial charges652/9€21k€31k▲
Profit (loss) for the period before taxes9903€1.69M€1.79M▲
Transfer from deferred taxes780€1k€1k▼
Income taxes67/77€393k€429k▲
Taxes670/3€393k€429k▲
Profit (loss) for the period9904€1.30M€1.36M▲
Transfer from tax-exempt reserves789€4k€214k▲
Profit (loss) for the period to be appropriated9905€1.31M€1.58M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.36M€1.58M▲
Profit (loss) brought forward from the previous period14P€52k€9k▼
Transfer to equity691/2€900k€1.10M▲
To other reserves6921€900k€1.10M▲
Profit to be distributed694/7€450k€450k=
Return on contributions (dividend)694€450k€450k=
Social balance
Average headcount (FTE)908722.422.3▼
The notes to these accounts (105 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €10.45M ▲8.9%
7 profitable years in a row build equity to €10.45M.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €2.13M ▲57.7%
Operating result €2.67M, net result €2.13M, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €676k ▼22.1%
Net result drops to €676k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Deerlijk · 1 establishment unit since 1991
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.
Paanderstraat 408540 DeerlijkGround area
9,169 m²
Building footprint
4,005 m²
Volume, LiDAR
45,906 m³
Parcel 34009A0340/00S003, Flanders · tallest building 20.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VDS NV
since 19912.052.398.254
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009A0340/00S003 | Flanders | 9,169 m² | 1 · 4,005 m² | 20.2 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 18,476 EUR awarded · 17,447 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,412 EUR | 7,303 EUR |
| 2024 | 2 | 2,780 EUR | 2,794 EUR |
| 2023 | 2 | 4,970 EUR | 6,999 EUR |
| 2022 | 2 | 3,314 EUR | 351 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeerlijk2.052.398.254
Legal Entity Identifier
875500NQC4T7BOB1A312
Similar companies · same sector, comparable size
LAROY GROUP
BE 0423.800.819
Gent · Eq €11.42M
MIDILUC
BE 0456.768.248
Brugge · Eq €10.72M
La Malterie du Château
BE 0455.013.439
Beloeil · Eq €10.20M
POMUNI TRADE NV
BE 0439.338.734
Ranst · Eq €9.99M
WYNGRA
BE 0435.499.415
Staden · Eq €13.41M
Of 689 companies in sector 46216 we hold annual accounts for 476. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-03-1991
Fiscal year end31-12
Activities, NACEBEL
10910Manufacture of food products
46216Wholesale of agricultural produce and animal feed, general range
51210
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.