VDS LOGISTICS
ActiveVDS LOGISTICS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €1k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 37% of 434 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 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
Profitability69▼-2
Solvency54▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.51 in 2024; short-term debt: 18.3% and cash: 7% of total assets), and 71.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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
28.5%
Return on assets
0%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
72 d early
2023
62 d early
2022
41 d early
2021
22 d early
2020
17 d early
2019
17 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1k▼ 98.7%
2024 · €93k
2018: €20k
2019: €51k
2020: €12k
2021: €70k
2022: €41k
2023: €58k
2024: €93k
2018 → 2025
Working capital
€-383k▲ 37.0%
2024 · €-609k
2018: €-2.40M
2019: €-307k
2020: €-356k
2021: €-1.22M
2022: €503k
2023: €-8k
2024: €-609k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.15M-€1.19M▲ 3.6%€1.25M▲ 4.9%€1.35M▲ 7.4%€1.35M▲ 0.1%
Operating result€112k-€96k▼ 14.6%€132k▲ 37.5%€170k▲ 29.0%€57k▼ 66.7%
Net result€70k-€41k▼ 41.6%€58k▲ 42.5%€93k▲ 59.0%€1k▼ 98.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.72M
Fixed assets
€4.24M▲ 10.2%
Current assets
€481k▼ 24.7%
Equity and liabilities €4.72M
Equity
€1.35M▲ 0.1%
Debt
€3.37M▲ 7.5%
The debt ratio rises from 70.0% to 71.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.03M▲
2024 · €1.01M
Cash flow
€971k▲
2024 · €936k
Solvency
28.5%▼
2024 · 30.0%
Current ratio
0.56▲
2024 · 0.51
Quick ratio
0.56▲
2024 · 0.51
Debt / equity
2.50▲
2024 · 2.33
ROE
0.1%▼
2024 · 6.9%
ROA
0.0%▼
2024 · 2.1%
Interest coverage
17.61▼
2024 · 21.14
Debt
€3.37M▲
2024 · €3.14M
Debt ≤ 1 year
€864k▼
2024 · €1.25M
Debt > 1 year
€2.51M▲
2024 · €1.89M
Income taxes
€402▼
2024 · €31k
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€4.48M€4.72M▲
Fixed assets21/28€3.85M€4.24M▲
Tangible fixed assets22/27€3.85M€4.24M▲
Land and buildings22€627k€610k▼
Plant, machinery and equipment23€3.22M€3.63M▲
Current assets29/58€638k€481k▼
Amounts receivable within one year40/41€175k€150k▼
Trade receivables40€56k€2k▼
Other amounts receivable41€119k€148k▲
Cash at bank and in hand54/58€463k€331k▼
Equity and liabilities
Total equity and liabilities10/49€4.48M€4.72M▲
Equity10/15€1.35M€1.35M▲
Contributions10/11€908k€908k=
Capital10€908k€908k=
Issued capital100€948k€948k=
Uncalled capital101€40k€40k=
Reserves13€438k€439k▲
Non-distributable reserves130/1€40k€40k=
Legal reserve130€40k€40k=
Distributable reserves133€398k€400k▲
Amounts payable17/49€3.14M€3.37M▲
Amounts payable after more than one year17€1.89M€2.51M▲
Financial debts170/4€1.89M€2.51M▲
Amounts payable within one year42/48€1.25M€864k▼
Current portion of amounts payable after more than one year42€587k€761k▲
Trade debts44€650k€97k▼
Suppliers440/4€650k€97k▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€69€618▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€843k€970k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€131-
Gross operating margin9900€1.01M€1.03M▲
Operating profit (loss)9901€170k€57k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€48k€58k▲
Recurring financial charges65€48k€58k▲
Profit (loss) for the period before taxes9903€124k€2k▼
Income taxes67/77€31k€402▼
Profit (loss) for the period9904€93k€1k▼
Profit (loss) for the period to be appropriated9905€93k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€1k▼
Transfer to equity691/2€93k€1k▼
To the legal reserve6920€5k-
To other reserves6921€88k€1k▼
The notes to these accounts (14 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
31-12
Financial
Weakest financial yearnet €1k ▼98.7%
Net result drops to €1k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €93k ▲59%
Operating result €170k, net result €93k, both a record.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 9current ratio 1.87
Current ratio from 0.20 to 1.87; short-term debt falls from €1.53M to €576k.
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
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
13 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, Lummen · 1 establishment unit since 1988
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.
Europaweg 113560 LummenGround area
3.3 ha
Building footprint
4,115 m²
Volume, LiDAR
24,632 m³
Parcel 71037A0424/00L000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDS LOGISTICS
since 19882.040.130.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A0424/00L000 | Flanders | 3.3 ha | 1 · 4,115 m² | 7.9 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
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BE 0877.469.027
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LIMA PROJECTS
BE 0419.823.918
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BKPS
BE 0535.865.711
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BPI Service
BE 0460.032.101
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BONNEUX MACHINERY
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Of 667 companies in sector 77320 we hold annual accounts for 492. 332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-07-1988
Fiscal year end31-12
Activities, NACEBEL
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.