Equity
VDS PHARMA has made a profit in every financial year since 2016.
VDS PHARMA has made a profit in every financial year since 2016.
The result rose in 2025 from €17,244 to €74,668.
The last five annual accounts were filed 1 to 37 days before the end of the period.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VDS PHARMA Sint-Pieters-Leeuw | €0.8m | €106,828 | 61.2% | 0 |
| Julie Decroos Glabbeek | €1.0m | €110,189 | 39.2% | 0 |
| EGGEVOLT MANAGEMENT Wommelgem | €0.7m | €106,827 | 16.1% | 0 |
| GDRCH Tournai | €0.9m | €122,903 | 54.7% | 0 |
| Grevant Ronse | €0.8m | €135,120 | 2.2% | 0 |
| PROPERTY CUBE Kortrijk | €0.7m | €84,660 | 67.7% | 0 |
| G & G Damme | €1.1m | €120,141 | 58.7% | 0 |
These companies have the same main activity as VDS PHARMA: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €728,000 and €1.1m, founded between 2013 and 2016.
VDS PHARMA files the abbreviated format. That format states no turnover. The gross margin rose from €59,025 in 2016 to €106,828 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Higher than 60% of 6,708 companies in 2025.
Higher than 67% of 6,673 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
821,719 | 833,761 | 890,532 | 852,931 | 666,748 | 619,009 | 621,018 | 612,309 | 611,751 | 600,385 | |
21/28 |
715,971 | 715,971 | 715,971 | 715,971 | 571,971 | 571,971 | 577,777 | 581,901 | 586,025 | 590,149 | |
22/27 |
- | - | - | - | - | 0 | 1,375 | 5,499 | 9,623 | 13,747 | |
28 |
715,971 | 715,971 | 715,971 | 715,971 | 571,971 | 571,971 | 576,402 | 576,402 | 576,402 | 576,402 | |
29/58 |
105,749 | 117,790 | 174,561 | 136,961 | 94,777 | 47,038 | 43,241 | 30,408 | 25,726 | 10,236 | |
40/41 |
81,871 | 109,809 | 162,957 | 125,962 | 83,388 | 37,065 | 25,708 | 98 | 12,557 | 48 | |
40 |
80,000 | 93,300 | 148,800 | 100,598 | 70,798 | 36,300 | 25,583 | - | 12,130 | - | |
41 |
1,871 | 16,509 | 14,157 | 25,363 | 12,590 | 765 | 125 | 98 | 427 | 48 | |
54/58 |
23,878 | 7,981 | 11,604 | 10,999 | 11,389 | 9,734 | 17,533 | 30,310 | 13,169 | 10,188 | |
490/1 |
- | - | - | - | 0 | 239 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
821,719 | 833,761 | 890,532 | 852,931 | 666,748 | 619,009 | 621,018 | 612,309 | 611,751 | 600,385 | |
10/15 |
502,844 | 449,351 | 447,107 | 373,328 | 283,242 | 210,428 | 157,471 | 112,279 | 33,840 | 32,360 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
484,244 | 430,751 | 428,507 | 354,728 | 277,042 | 204,228 | 151,271 | 106,079 | 27,640 | 26,160 | |
130/1 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,308 | |
1311 |
- | 0 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
133 |
484,244 | 430,751 | 426,647 | 352,868 | 275,182 | 202,368 | 149,411 | 104,219 | 25,780 | 24,852 | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |
17/49 |
318,876 | 384,409 | 443,424 | 479,603 | 383,505 | 408,581 | 463,547 | 500,030 | 577,911 | 568,025 | |
17 |
176,678 | 217,417 | 266,285 | 320,609 | 238,007 | 280,871 | 331,835 | 379,976 | 408,049 | 461,244 | |
170/4 |
176,678 | 217,417 | 266,285 | 320,609 | 238,007 | 280,871 | 331,835 | 379,976 | 408,049 | 461,244 | |
42/48 |
142,023 | 166,220 | 176,412 | 156,861 | 143,399 | 125,643 | 130,023 | 119,612 | 168,857 | 105,806 | |
42 |
51,731 | 51,021 | 77,274 | 88,076 | 58,031 | 66,082 | 50,722 | 61,645 | 35,697 | 35,164 | |
43 |
- | - | - | - | - | - | 0 | 13 | - | - | |
430/8 |
- | - | - | - | - | - | 0 | 13 | - | - | |
44 |
2,792 | 6,426 | 641 | 3,256 | 1,151 | 1,269 | 803 | 1,289 | 530 | 432 | |
440/4 |
2,792 | 6,426 | 641 | 3,256 | 1,151 | 1,269 | 803 | 1,289 | 530 | 432 | |
46 |
- | - | - | 0 | 17,200 | - | - | - | - | - | |
45 |
10,488 | 10,386 | 9,531 | 3,840 | 8,616 | 2,858 | 19,191 | 45,772 | 38,237 | 13,394 | |
450/3 |
10,488 | 10,386 | 4,728 | 3,840 | 8,616 | 2,858 | 19,191 | 45,772 | 38,237 | 13,394 | |
454/9 |
- | 0 | 4,803 | - | - | - | - | - | - | - | |
47/48 |
77,011 | 98,388 | 88,965 | 61,689 | 58,402 | 55,434 | 59,308 | 10,892 | 94,393 | 56,816 | |
492/3 |
175 | 772 | 728 | 2,133 | 2,099 | 2,067 | 1,689 | 443 | 1,004 | 975 | |
| Income statement | |||||||||||
76A |
0 | 1,136 | - | 0 | 6,310 | - | - | - | - | - | |
9900 |
106,828 | 36,307 | 127,415 | 128,782 | 101,428 | 79,170 | 74,569 | 139,425 | 84,943 | 59,025 | |
630 |
- | - | - | - | 0 | 1,375 | 4,124 | 4,124 | 4,124 | 6,873 | |
640/8 |
1,219 | 891 | 576 | 558 | 1,039 | 336 | 0 | 567 | 215 | 672 | |
66A |
532 | 1,546 | 204 | 62 | 53 | 256 | 150 | 45 | 53 | - | |
9901 |
105,078 | 33,870 | 126,634 | 128,162 | 100,336 | 77,204 | 70,295 | 134,690 | 80,551 | 51,480 | |
75/76B |
- | 0 | 1,752 | 0 | 0 | - | - | - | 0 | 1 | |
75 |
- | 0 | 1,752 | 0 | 0 | - | - | - | 0 | 1 | |
65/66B |
10,321 | 10,070 | 10,864 | 9,029 | 8,192 | 8,286 | 11,779 | 10,600 | 12,116 | 14,109 | |
65 |
10,321 | 10,070 | 10,864 | 9,029 | 8,192 | 8,286 | 11,779 | 10,600 | 12,116 | 14,109 | |
9903 |
94,756 | 23,800 | 117,522 | 119,133 | 92,144 | 68,917 | 58,516 | 124,090 | 68,436 | 37,372 | |
67/77 |
20,088 | 6,556 | 26,093 | 21,447 | 19,329 | 14,460 | 13,324 | 42,651 | 20,956 | 11,212 | |
9904 |
74,668 | 17,244 | 91,429 | 97,686 | 72,815 | 54,457 | 45,192 | 81,439 | 47,480 | 26,160 | |
9905 |
74,668 | 17,244 | 91,429 | 97,686 | 72,815 | 54,457 | 45,192 | 81,439 | 47,480 | 26,160 | |
| Appropriation of the result | |||||||||||
9906 |
74,668 | 17,244 | 91,429 | 97,686 | 72,815 | 54,457 | 45,192 | 81,439 | 47,480 | 26,160 | |
791/2 |
- | - | 0 | 20,000 | - | - | - | - | - | - | |
691/2 |
53,492 | 2,244 | 73,779 | 97,686 | 72,815 | 52,957 | 45,192 | 78,439 | 1,480 | 26,160 | |
6920 |
- | - | - | - | - | - | - | - | 552 | 1,308 | |
6921 |
53,492 | 2,244 | 73,779 | 97,686 | 72,815 | 52,957 | 45,192 | 78,439 | 928 | 24,852 | |
694/7 |
21,176 | 15,000 | 17,650 | 20,000 | 0 | 1,500 | 0 | 3,000 | 46,000 | - | |
694 |
21,176 | 15,000 | 17,650 | 20,000 | - | - | - | - | 46,000 | - | |
695 |
- | - | - | - | 0 | 1,500 | 0 | 3,000 | - | - | |
| Social balance sheet | |||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 14-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 14-04-2026 | 2026-00078765 | |
| 30-09-2024 | abbreviated format | 11-04-2025 | 2025-00067910 | |
| 30-09-2023 | abbreviated format | 25-04-2024 | 2024-00069604 | |
| 30-09-2022 | abbreviated format | 24-03-2023 | 2023-00045293 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20013146 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12000591 | |
| 30-09-2019 | abbreviated format | 10-04-2020 | 2020-08900462 | |
| 30-09-2018 | abbreviated format | 02-04-2019 | 2019-08600017 | |
| 30-09-2017 | abbreviated format | 03-04-2018 | 2018-08100417 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-07600592 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | 144,000 | 0 | -4,432 | 0 | 0 | -0 | 597,022 | ||
| 15,897 | -3,623 | 605 | -390 | 1,655 | -7,799 | -12,777 | 17,140 | 2,981 | - | ||
| 61.2% | 53.9% | 50.2% | 43.8% | 42.5% | 34.0% | 25.4% | 18.3% | 5.5% | 5.4% | ||
| 14.8% | 3.8% | 20.4% | 26.2% | 25.7% | 25.9% | 28.7% | 72.5% | 140.3% | 80.8% | ||
| 9.1% | 2.1% | 10.3% | 11.5% | 10.9% | 8.8% | 7.3% | 13.3% | 7.8% | 4.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €219,607 | €259,687 | €343,559 | €240,089 | €283,534 |
| Carrying value of the mortgaged assets | - | - | - | €0 | - |
| Carrying value of the other pledged assets | €715,971 | €715,971 | €715,971 | €715,971 | €571,971 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | €144,000 | - |
| - | - | - | - | €0 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3.1 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 46.1% to 38.8%. Equity is higher and debt is lower.
Source: list of holdings in its own 30-09-2024 accounts. Every holding stands with its own latest accounts.
| BTWE Groep Vandersteen
registered office since 01-12-2019 |
founded in 2019 0737.520.989 |
| Name | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|
| APOTHEEK VANDERSTEEN | 80% | 100% | |||||||
Source: list of holdings in its own accounts
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zuundallaan 22 registered office 1600 Sint-Pieters-Leeuw | 06-02-2015 | 2.239.917.763 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23077C0033/00D000 | 785 m² | 1 · 181 m² | 7.0 m · 2 |
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