VDS AVIATION
ActiveVDS AVIATION has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-703. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 71% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (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
Profitability66▼-34
Solvency95▲+38
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.99 against 1.27 in 2024; short-term debt: 30% and cash: 26.6% of total assets), and 30% 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
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 2025Solvency, return and age of the figures
Solvency
70%
Return on assets
-2.5%
Age of the figures
12 mo
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 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
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 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
163 d early
2023
43 d early
2022
38 d early
2021
149 d early
2020
37 d early
2019
147 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
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 3.4%
2024 · €20k
2018: €161k
2019: €20k
2020: €20k
2021: €20k
2022: €20k
2023: €20k
2024: €20k
2018 → 2025
Total assets
€28k▼ 56.2%
2024 · €65k
2018: €257k
2019: €259k
2020: €99k
2021: €85k
2022: €61k
2023: €41k
2024: €65k
2018 → 2025
Net result
€-703
2024 · €52k
2018: €54k
2019: €33k
2020: €26k
2021: €27k
2022: €25k
2023: €62k
2024: €52k
2018 → 2025
Working capital
€17k▲ 43.9%
2024 · €12k
2018: €102k
2019: €-32k
2020: €-23k
2021: €-17k
2022: €864
2023: €8k
2024: €12k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€20k=€20k=€20k=€20k▼ 3.4%
Operating result€35k-€33k▼ 6.4%€79k▲ 138%€65k▼ 17.6%€106▼ 99.8%
Net result€27k-€25k▼ 6.9%€62k▲ 146%€52k▼ 17.4%€-703
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 100% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€3k▼ 66.7%
Current assets
€25k▼ 54.6%
Equity and liabilities €28k
Equity
€20k▼ 3.4%
Debt
€8k▼ 80.7%
The debt ratio falls from 68.3% to 30.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €71k
Cash flow
€5k▼
2024 · €58k
Solvency
70.0%▲
2024 · 31.7%
Current ratio
2.99▲
2024 · 1.27
Quick ratio
2.99▲
2024 · 1.27
Debt / equity
0.43▼
2024 · 2.15
ROE
-3.6%▼
2024 · 252.0%
ROA
-2.5%▼
2024 · 79.9%
Interest coverage
54.12▼
2024 · 885.85
Debt
€8k▼
2024 · €44k
Debt ≤ 1 year
€8k▼
2024 · €44k
Income taxes
€699▼
2024 · €14k
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€65k€28k▼
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€9k€3k▼
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€1k€731▼
Current assets29/58€56k€25k▼
Amounts receivable within one year40/41€7k€16k▲
Trade receivables40€6k€15k▲
Other amounts receivable41€1k€561▼
Cash at bank and in hand54/58€47k€8k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€65k€28k▼
Equity10/15€20k€20k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14-€-703
Amounts payable17/49€44k€8k▼
Amounts payable within one year42/48€44k€8k▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Other amounts payable47/48€37k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€118€120▲
Gross operating margin9900€72k€6k▼
Operating profit (loss)9901€65k€106▼
Financial charges65/66B€81€110▲
Recurring financial charges65€81€110▲
Profit (loss) for the period before taxes9903€65k€-4▼
Income taxes67/77€14k€699▼
Profit (loss) for the period9904€52k€-703▼
Profit (loss) for the period to be appropriated9905€52k€-703▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€-703▼
Profit to be distributed694/7€52k-
Return on contributions (dividend)694€52k-
The notes to these accounts (6 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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-703 ▼101%
Net result drops to €-703, the lowest in the series.
30-09
Financial
Liquidity doublescurrent ratio 2.99
Current ratio from 1.27 to 2.99; short-term debt falls from €44k to €8k.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €62k ▲146%
Operating result €79k, net result €62k, both a record.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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
2 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, Bornem · 1 establishment unit since 2013
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.
Brandheide(BOR) 732880 BornemGround area
1,523 m²
Building footprint
168 m²
Volume, LiDAR
959 m³
Parcel 12362G0178/00E000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDS Aviation
since 20132.222.459.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12362G0178/00E000 | Flanders | 1,523 m² | 1 · 168 m² | 7.5 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.
Similar companies · same sector, comparable size
P.R.S.B. Services
BE 0873.538.151
Antwerpen · Eq €20k
Helix Pilots
BE 0739.909.763
Antwerpen · Eq €19k
RECOVER BALLOONING
BE 0645.579.243
Hamme (Vl.) · Eq €19k
UPCONSULTING
BE 0669.716.308
Beringen · Eq €18k
Vortex
BE 1016.474.381
Mont-de-l'Enclus · Eq €22k
Of 453 companies in sector 51100 we hold annual accounts for 170. 108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-09-2013
Fiscal year end30-09
Activities, NACEBEL
51100Air transport
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
85532Education
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.