VDS-M
ActiveVDS-M has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €33k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-18
Solvency96▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 26.9 against 6.55 in 2024; short-term debt: 2.4% and cash: 26.9% of total assets), and 29.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
70.7%
Return on assets
10%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
27 d late
2024
22 d late
2023
2 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€235k▲ 9.8%
2024 · €214k
2023: €149k
2024: €214k
2023 → 2025
Total assets
€332k▲ 0.1%
2024 · €332k
2023: €301k
2024: €332k
2023 → 2025
Net result
€33k▼ 58.4%
2024 · €80k
2023: €16k
2024: €80k
2023 → 2025
Working capital
€203k▲ 29.0%
2024 · €158k
2023: €73k
2024: €158k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€149k-€214k▲ 44.0%€235k▲ 9.8%
Operating result€46k-€115k▲ 149%€48k▼ 58.3%
Net result€16k-€80k▲ 409%€33k▼ 58.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332k
Fixed assets
€121k▼ 17.0%
Current assets
€211k▲ 13.5%
Equity and liabilities €332k
Equity
€235k▲ 9.8%
Debt
€97k▼ 17.5%
The debt ratio falls from 35.5% to 29.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▼
2024 · €161k
Cash flow
€79k▼
2024 · €126k
Solvency
70.7%▲
2024 · 64.5%
Current ratio
26.90▲
2024 · 6.55
Quick ratio
25.65▲
2024 · 6.12
Debt / equity
0.41▼
2024 · 0.55
ROE
14.1%▼
2024 · 37.2%
ROA
10.0%▼
2024 · 24.0%
Interest coverage
932.08▲
2024 · 130.02
Debt
€97k▼
2024 · €118k
Debt ≤ 1 year
€8k▼
2024 · €28k
Debt > 1 year
€89k=
2024 · €89k
Income taxes
€15k▼
2024 · €34k
Staff costs
€177k▼
2024 · €204k
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€332k€332k▲
Fixed assets21/28€146k€121k▼
Tangible fixed assets22/27€146k€121k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€21k€33k▲
Leasing and similar rights25€82k€50k▼
Other tangible fixed assets26€34k€30k▼
Current assets29/58€186k€211k▲
Amounts receivable after more than one year29€15k€16k▲
Other amounts receivable291€15k€16k▲
Stocks and contracts in progress3€12k€10k▼
Stocks30/36€12k€10k▼
Amounts receivable within one year40/41€36k€78k▲
Trade receivables40€20k€13k▼
Other amounts receivable41€16k€65k▲
Cash at bank and in hand54/58€119k€89k▼
Deferred charges and accrued income490/1€4k€18k▲
Equity and liabilities
Total equity and liabilities10/49€332k€332k▲
Equity10/15€214k€235k▲
Contributions10/11€1k€1k=
Reserves13€213k€234k▲
Distributable reserves133€213k€234k▲
Amounts payable17/49€118k€97k▼
Amounts payable after more than one year17€89k€89k=
Financial debts170/4€89k€89k=
Amounts payable within one year42/48€28k€8k▼
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€21k€2k▼
Suppliers440/4€21k€2k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€3k-
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48-€47
Income statement
Code20242025
Non-recurring operating income76A-€22k
Remuneration, social security and pensions62€204k€177k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€46k▼
Other operating charges640/8€1k€5k▲
Gross operating margin9900€367k€276k▼
Operating profit (loss)9901€115k€48k▼
Financial income75/76B€33-
Recurring financial income75€33-
Financial charges65/66B€1k€101▼
Recurring financial charges65€1k€101▼
Profit (loss) for the period before taxes9903€113k€48k▼
Income taxes67/77€34k€15k▼
Profit (loss) for the period9904€80k€33k▼
Profit (loss) for the period to be appropriated9905€80k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€33k▼
Transfer from equity791/2€14k€12k▼
Transfer to equity691/2€80k€33k▼
To other reserves6921€80k€33k▼
Profit to be distributed694/7€14k€12k▼
Return on contributions (dividend)694€14k€12k▼
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 26.90
Current ratio from 6.55 to 26.90; short-term debt falls from €28k to €8k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2023net €80k ▲409%
Operating result €115k, net result €80k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.55
Current ratio from 2.31 to 6.55; short-term debt falls from €56k to €28k.
31-12
Financial
Equity above €200kEq €214k ▲44%
2 profitable years in a row build equity to €214k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herent · 1 establishment unit since 2015
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.
Haachtstraat 1623020 HerentGround area
1,240 m²
Building footprint
121 m²
Volume, LiDAR
459 m³
Parcel 24111C0196/00S000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VDS-M Dak- en Klusjeswerken
since 20152.242.932.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24111C0196/00S000 | Flanders | 1,240 m² | 1 · 120 m² | 7.2 m · 1 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 · 5 entries · 1,984 EUR awarded · 1,984 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 168 EUR | 324 EUR |
| 2024 | 2 | 1,156 EUR | 1,000 EUR |
| 2023 | 1 | 304 EUR | 304 EUR |
| 2022 | 1 | 356 EUR | 356 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalDaktimmerman duaal (so)
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Of 8,564 companies in sector 43410 we hold annual accounts for 4,354. 3,512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2015
Fiscal year end31-12
Trade name NL
VDS-M Dak en klusjeswerken
Activities, NACEBEL
43410Roofing work
43320Joinery installation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.