VDS Nivellering
ActiveVDS Nivellering has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €-7k. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-12
Solvency49▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.55 in 2024; short-term debt: 31.3% and cash: 19% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
24.1%
Return on assets
-2.1%
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
70 d early
2023
63 d early
2022
97 d early
2021
32 d early
2020
54 d early
2019
37 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, micro schema
Equity
€76k▼ 8.0%
2024 · €83k
2018: €-8k
2019: €39
2020: €14k
2021: €33k
2022: €51k
2023: €65k
2024: €83k
2018 → 2025
Total assets
€316k▲ 24.9%
2024 · €253k
2018: €7k
2019: €51k
2020: €53k
2021: €259k
2022: €225k
2023: €278k
2024: €253k
2018 → 2025
Net result
€-7k
2024 · €18k
2018: €11k
2019: €8k
2020: €14k
2021: €19k
2022: €17k
2023: €21k
2024: €18k
2018 → 2025
Working capital
€15k▼ 65.0%
2024 · €42k
2018: €-9k
2019: €-3k
2020: €14k
2021: €-25k
2022: €24k
2023: €22k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€51k▲ 52.0%€65k▲ 28.0%€83k▲ 27.4%€76k▼ 8.0%
Operating result€22k-€25k▲ 16.6%€28k▲ 11.0%€32k▲ 13.7%€4k▼ 88.8%
Net result€19k-€17k▼ 9.3%€21k▲ 19.3%€18k▼ 14.2%€-7k
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 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316k
Fixed assets
€203k▲ 50.8%
Current assets
€114k▼ 4.3%
Equity and liabilities €316k
Equity
€76k▼ 8.0%
Debt
€240k▲ 40.9%
The debt ratio rises from 67.3% to 75.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76k▼
2024 · €86k
Cash flow
€66k▼
2024 · €72k
Solvency
24.1%▼
2024 · 32.7%
Current ratio
1.15▼
2024 · 1.55
Quick ratio
1.15▼
2024 · 1.55
Debt / equity
3.16▲
2024 · 2.06
ROE
-8.7%▼
2024 · 21.5%
ROA
-2.1%▼
2024 · 7.0%
Interest coverage
7.42▼
2024 · 12.13
Debt
€240k▲
2024 · €170k
Debt ≤ 1 year
€99k▲
2024 · €77k
Debt > 1 year
€141k▲
2024 · €94k
Staff costs
€96k▲
2024 · €48k
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€253k€316k▲
Fixed assets21/28€134k€203k▲
Tangible fixed assets22/27€134k€203k▲
Plant, machinery and equipment23€28k€22k▼
Furniture and vehicles24€107k€180k▲
Current assets29/58€119k€114k▼
Amounts receivable within one year40/41€82k€53k▼
Trade receivables40€82k€50k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€37k€60k▲
Equity and liabilities
Total equity and liabilities10/49€253k€316k▲
Equity10/15€83k€76k▼
Reserves13€83k€83k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€78k€78k=
Profit (loss) carried forward14-€-7k
Amounts payable17/49€170k€240k▲
Amounts payable after more than one year17€94k€141k▲
Financial debts170/4€94k€141k▲
Amounts payable within one year42/48€77k€99k▲
Current portion of amounts payable after more than one year42€34k€31k▼
Financial debts43€18k€38k▲
Credit institutions430/8€18k€38k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€8k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€48k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€72k▲
Other operating charges640/8-€116
Gross operating margin9900€134k€172k▲
Operating profit (loss)9901€32k€4k▼
Financial income75/76B€20€40▲
Recurring financial income75€20€40▲
Financial charges65/66B€7k€10k▲
Recurring financial charges65€7k€10k▲
Profit (loss) for the period before taxes9903€25k€-7k▼
Income taxes67/77€7k-
Profit (loss) for the period9904€18k€-7k▼
Profit (loss) for the period to be appropriated9905€18k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-7k▼
Transfer to equity691/2€18k-
To other reserves6921€18k-
The notes to these accounts (7 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-7k ▼137%
Net result drops to €-7k, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €21k ▲19.3%
Net result €21k, the highest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.49
Current ratio from 0.71 to 1.49; short-term debt falls from €86k to €49k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.83 to 1.81; short-term debt falls from €20k to €18k.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
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, Tielt-Winge · 1 establishment unit since 2010
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.
Kerkstraat 333391 Tielt-WingeGround area
545 m²
Building footprint
246 m²
Volume, LiDAR
1,107 m³
Parcel 24067B0173/00R000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VDS Dakherstelling
since 20102.207.436.126
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067B0173/00R000 | Flanders | 545 m² | 1 · 246 m² | 8.8 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.
Similar companies · same sector, comparable size
Typeface
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GRAPHIES
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IBW
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INTERSET
BE 0436.174.257
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Of 629 companies in sector 22240 we hold annual accounts for 360. 254 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2010
Fiscal year end31-12
Activities, NACEBEL
22240Manufacture of rubber and plastic products
43120Site preparation
25110Manufacture of metal structures and parts of structures
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43350Other building finishing work
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.