VDS
Annual accounts 2024
micro format, filed on 04-10-2025, 65 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 13 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €610,000. Estimated: probably between €420,000 and €930,000.
Balance sheet
balance sheet total €198,911 on 31-12-2024in euro
in euro
Position in the sector
64.6%
Higher than 74% of 5,877 companies in 2024.
2.87
Higher than 76% of 5,727 companies in 2024.
14.7%
Higher than 70% of 5,761 companies in 2024.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
198,911 | 190,081 | 107,122 | 41,020 | 22,928 | |
21/28 |
42,562 | 45,616 | 27,746 | 15,849 | 5,090 | |
22/27 |
40,162 | 43,216 | 25,346 | 15,849 | 5,090 | |
23 |
12,855 | 8,336 | 7,726 | 7,772 | 1,463 | |
24 |
27,307 | 34,880 | 17,620 | 8,077 | 3,627 | |
28 |
2,400 | 2,400 | 2,400 | - | - | |
29/58 |
156,349 | 144,465 | 79,376 | 25,171 | 17,838 | |
40/41 |
154,561 | 122,659 | 36,326 | 16,693 | 10,326 | |
40 |
110,408 | 77,521 | 32,685 | 14,604 | 9,713 | |
41 |
44,153 | 45,138 | 3,641 | 2,089 | 613 | |
54/58 |
1,788 | 21,806 | 43,050 | 8,478 | 7,512 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
198,911 | 190,081 | 107,122 | 41,020 | 22,928 | |
10/15 |
128,520 | 99,334 | 54,434 | 21,950 | 16,359 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
13 |
121,929 | 92,743 | 47,843 | 15,359 | 15,359 | |
133 |
121,929 | 92,743 | 47,843 | 15,359 | 15,359 | |
14 |
5,591 | 5,591 | 5,591 | 5,591 | - | |
17/49 |
70,391 | 90,747 | 52,688 | 19,070 | 6,569 | |
17 |
16,003 | 21,076 | 4,490 | - | - | |
170/4 |
16,003 | 21,076 | 4,490 | - | - | |
42/48 |
54,388 | 66,034 | 31,651 | 19,070 | 6,569 | |
42 |
5,072 | 5,537 | 2,409 | - | - | |
44 |
18,353 | 21,542 | 52 | 4,236 | 885 | |
440/4 |
18,353 | 21,542 | 52 | 4,236 | 885 | |
45 |
30,963 | 38,955 | 24,682 | 11,234 | 5,684 | |
450/3 |
9,734 | 26,826 | 18,316 | 6,900 | 5,173 | |
454/9 |
21,229 | 12,129 | 6,366 | 4,334 | 511 | |
47/48 |
- | - | 4,508 | 3,600 | - | |
492/3 |
- | 3,637 | 16,547 | - | - | |
| Income statement | ||||||
9900 |
311,547 | 268,072 | 156,850 | 26,614 | 31,042 | |
62 |
228,958 | 177,704 | 103,707 | 14,954 | 9,995 | |
630 |
12,201 | 7,116 | 4,002 | 2,227 | 563 | |
631/4 |
- | 15,000 | - | - | - | |
640/8 |
36,917 | 9,605 | 6,249 | 1,848 | 685 | |
9901 |
33,471 | 58,647 | 42,892 | 7,585 | 19,799 | |
75/76B |
19 | 217 | 1,048 | 1 | 73 | |
75 |
19 | 217 | 1,048 | 1 | 73 | |
65/66B |
2,755 | 913 | 297 | 269 | 87 | |
65 |
2,755 | 913 | 297 | 269 | 87 | |
9903 |
30,735 | 57,951 | 43,643 | 7,317 | 19,785 | |
67/77 |
1,549 | 13,050 | 11,159 | 1,726 | 4,426 | |
9904 |
29,186 | 44,901 | 32,484 | 5,591 | 15,359 | |
9905 |
29,186 | 44,901 | 32,484 | 5,591 | 15,359 | |
| Appropriation of the result | ||||||
9906 |
34,777 | 50,492 | 38,075 | 5,591 | 15,359 | |
14P |
5,591 | 5,591 | 5,591 | - | - | |
691/2 |
29,186 | 44,901 | 32,484 | - | 15,359 | |
6921 |
29,186 | 44,901 | 32,484 | - | 15,359 | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 04-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 04-10-2025 | 2025-00529899 | |
| 31-12-2023 | micro format | 17-09-2024 | 2024-00465481 | |
| 31-12-2022 | micro format | 09-08-2023 | 2023-00324121 | |
| 31-12-2021 | micro format | 13-09-2022 | 2022-20432042 | |
| 31-12-2020 | micro format | 22-09-2021 | 2021-68000327 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| 45,672 | 65,763 | 46,894 | 9,812 | 20,362 | ||
| 41,387 | 52,017 | 36,486 | 7,818 | 15,922 | ||
| 9,147 | 24,986 | 15,899 | 12,986 | 5,653 | ||
| -20,018 | -21,244 | 34,572 | 966 | - | ||
| 101,961 | 78,431 | 47,725 | 6,101 | 11,269 | ||
| 64.6% | 52.3% | 50.8% | 53.5% | 71.3% | ||
| 2.87 | 2.19 | 2.51 | 1.32 | 2.72 | ||
| 0.55 | 0.91 | 0.97 | 0.87 | 0.40 | ||
| 22.7% | 45.2% | 59.7% | 25.5% | 93.9% | ||
| 14.7% | 23.6% | 30.3% | 13.6% | 67.0% | ||
| 16.58 | 72.03 | over 100 | 36.48 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €9,147 | €24,986 | €13,499 | €12,986 |
| Financial fixed assets | - | - | €2,400 | - |
| €12,201 | €7,116 | €4,002 | €2,227 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on VDS
The operating result for 2024 is 43% lower than in 2023 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 47.7% to 35.4%. Equity is higher and debt is lower.