VDS Groep
ActiveVDS Groep has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €200k and a net result of €73k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 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
Profitability83▼-11
Solvency49▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.79 against 0.74 in 2024; short-term debt: 46.5% and cash: 12.8% of total assets), and 75.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
24.1%
Return on assets
8.8%
Age of the figures
9 mo
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 05-06-2026, 56 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
56 d early
2024
37 d early
2023
27 d late
2022
16 d late
2021
33 d early
2020
33 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, abbreviated schema
Turnover
€1.29M▼ 1.4%
2024 · €1.31M
2020: €297k
2021: €677k
2022: €560k
2023: €1.00M
2024: €1.31M
2020 → 2025
EBIT margin
8.7%▼ 8.7pp
2024 · 17.4%
2020: 28.4%
2021: 18.7%
2022: -9.4%
2023: 22.5%
2024: 17.4%
2020 → 2025
Net result
€73k▼ 54.4%
2024 · €160k
2020: €73k
2021: €102k
2022: €-67k
2023: €177k
2024: €160k
2020 → 2025
Working capital
€-82k▲ 34.3%
2024 · €-124k
2020: €-24k
2021: €9k
2022: €-97k
2023: €-41k
2024: €-124k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€677k-€560k▼ 17.3%€1.00M▲ 79.3%€1.31M▲ 30.3%€1.29M▼ 1.4%
Equity€184k-€118k▼ 36.1%€185k▲ 57.1%€195k▲ 5.5%€200k▲ 2.6%
Operating result€127k-€-52k€226k€228k▲ 0.9%€112k▼ 50.8%
Net result€102k-€-67k€177k€160k▼ 9.6%€73k▼ 54.4%
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 falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €832k
Fixed assets
€527k▼ 4.5%
Current assets
€305k▼ 14.1%
Equity and liabilities €832k
Equity
€200k▲ 2.6%
Debt
€631k▼ 11.2%
The debt ratio falls from 78.5% to 75.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€226k▼
2024 · €316k
Cash flow
€187k▼
2024 · €248k
Solvency
24.1%▲
2024 · 21.5%
Current ratio
0.79▲
2024 · 0.74
Quick ratio
0.79▲
2024 · 0.74
Debt / equity
3.15▼
2024 · 3.64
ROE
36.5%▼
2024 · 82.1%
ROA
8.8%▼
2024 · 17.7%
Interest coverage
22.86▲
2024 · 20.74
Debt
€631k▼
2024 · €711k
Debt ≤ 1 year
€387k▼
2024 · €479k
Debt > 1 year
€243k▲
2024 · €232k
Income taxes
€30k▼
2024 · €53k
Staff costs
€484k▲
2024 · €448k
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€906k€832k▼
Fixed assets21/28€551k€527k▼
Tangible fixed assets22/27€551k€526k▼
Land and buildings22€302k€289k▼
Plant, machinery and equipment23€146k€127k▼
Furniture and vehicles24€71k€94k▲
Leasing and similar rights25€32k€17k▼
Financial fixed assets28€100€100=
Current assets29/58€355k€305k▼
Amounts receivable within one year40/41€188k€189k▲
Trade receivables40€104k€94k▼
Other amounts receivable41€84k€96k▲
Cash at bank and in hand54/58€163k€107k▼
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€906k€832k▼
Equity10/15€195k€200k▲
Contributions10/11€10k€10k=
Reserves13€174k€174k=
Distributable reserves133€174k€174k=
Profit (loss) carried forward14€11k€16k▲
Amounts payable17/49€711k€631k▼
Amounts payable after more than one year17€232k€243k▲
Financial debts170/4€232k€243k▲
Amounts payable within one year42/48€479k€387k▼
Current portion of amounts payable after more than one year42€64k€91k▲
Trade debts44€86k€13k▼
Suppliers440/4€86k€13k▼
Taxes, remuneration and social security45€118k€87k▼
Taxes450/3€85k€83k▼
Remuneration and social security454/9€33k€4k▼
Other amounts payable47/48€211k€196k▼
Accrued charges and deferred income492/3€268€1k▲
Income statement
Code20242025
Turnover70€1.31M€1.29M▼
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€546k€592k▲
Remuneration, social security and pensions62€448k€484k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€114k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€770k€714k▼
Operating profit (loss)9901€228k€112k▼
Financial income75/76B€215€703▲
Recurring financial income75€215€703▲
Financial charges65/66B€15k€10k▼
Recurring financial charges65€15k€10k▼
Profit (loss) for the period before taxes9903€213k€103k▼
Income taxes67/77€53k€30k▼
Profit (loss) for the period9904€160k€73k▼
Profit (loss) for the period to be appropriated9905€160k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€161k€84k▼
Profit (loss) brought forward from the previous period14P€674€11k▲
Profit to be distributed694/7€150k€68k▼
Return on contributions (dividend)694€150k€68k▼
Social balance
Average headcount (FTE)90876.76.9▲
The notes to these accounts (16 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €200k ▲2.6%
3 profitable years in a row build equity to €200k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Back to profitnet €177k
Net result €177k after one loss-making year.
31-12
Financial
Equity above €150kEq €185k ▲57.1%
Equity rises from €118k to €185k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €-67k ▼165%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €184k ▲123%
2 profitable years in a row build equity to €184k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Kortrijk · 1 establishment unit since 2019
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.
Meensesteenweg(Bis) 968501 KortrijkGround area
3,040 m²
Building footprint
1,148 m²
Volume, LiDAR
7,869 m³
Parcel 34007A0352/00X000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDS Groep
since 20192.295.871.818
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0352/00X000 | Flanders | 3,040 m² | 1 · 1,148 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,080 EUR awarded · 1,028 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 330 EUR | 278 EUR |
| 2024 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 806 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2019
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.