VDS POOLS
ActiveSummary
The computed 12-month bankruptcy probability of VDS POOLS is 1.6% (moderate). The 2025 annual accounts show equity of €791k and a net result of €226k. Equity is growing by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 8048 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+5
Solvency59▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.33 in 2024; short-term debt: 51.3% and cash: 30.4% of total assets), and 66.3% of the assets are financed with debt.
Credit check 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 · 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
33.7%
Return on assets
9.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 7 filingsDeviation from the deadline
2025
30 d late
2024
5 d late
2023
42 d late
2022
10 d late
2021
18 d late
2020
29 d early
2019
75 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€226k▲ 123%
2024 · €102k
2019: €38klowest in 7 years
2020: €108k▲ +186% vs 2019
2021: €195k▲ +80.5% vs 2020
2022: €86k▼ -55.6% vs 2021
2023: €76k▼ -12.3% vs 2022
2024: €102k▲ +34.0% vs 2023
2025: €226k▲ +123% vs 2024highest in 7 years
2019 → 2025
Working capital
€236k▼ 15.5%
2024 · €279k
2019: €54k
2020: €-40k▼ -175% vs 2019lowest in 7 years
2021: €82k▲ +302% vs 2020
2022: €-31k▼ -138% vs 2021
2023: €131k▲ +520% vs 2022
2024: €279k▲ +114% vs 2023highest in 7 years
2025: €236k▼ -15.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€346k-€433k▲ 25.0%€509k▲ 17.5%€610k▲ 20.0%€791k▲ 29.7%
2021: €346klowest in 5 years
2022: €433k▲ +25.0% vs 2021
2023: €509k▲ +17.5% vs 2022
2024: €610k▲ +20.0% vs 2023
2025: €791k▲ +29.7% vs 2024highest in 5 years
Operating result€284k-€126k▼ 55.8%€133k▲ 5.5%€151k▲ 14.2%€383k▲ 153%
2021: €284k
2022: €126k▼ -55.8% vs 2021lowest in 5 years
2023: €133k▲ +5.5% vs 2022
2024: €151k▲ +14.2% vs 2023
2025: €383k▲ +153% vs 2024highest in 5 years
Net result€195k-€86k▼ 55.6%€76k▼ 12.3%€102k▲ 34.0%€226k▲ 123%
2021: €195k
2022: €86k▼ -55.6% vs 2021
2023: €76k▼ -12.3% vs 2022lowest in 5 years
2024: €102k▲ +34.0% vs 2023
2025: €226k▲ +123% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 153% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.35M
Fixed assets
€909k ▲ 51.5%
Current assets
€1.44M ▲ 27.9%
Equity and liabilities €2.35M
Equity
€791k ▲ 29.7%
Debt
€1.56M ▲ 39.6%
Debt's share of the balance-sheet total rises from 64.7% to 66.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€484k▲
2024 · €248k
Cash flow
€327k▲
2024 · €198k
Current ratio
1.20▼
2024 · 1.33
Quick ratio
1.10▼
2024 · 1.10
Debt to equity
1.97▲
2024 · 1.83
ROE
28.6%▲
2024 · 16.6%
ROA
9.6%▲
2024 · 5.9%
Interest coverage
21.32▲
2024 · 13.67
Debt ≤ 1 year
€1.20M▲
2024 · €847k
Debt > 1 year
€339k▲
2024 · €265k
Income taxes
€134k▲
2024 · €39k
Staff costs
€166k▲
2024 · €115k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.73M€2.35M▲
Fixed assets21/28€600k€909k▲
Tangible fixed assets22/27€600k€909k▲
Land and buildings22€396k€378k▼
Plant, machinery and equipment23€22k€51k▲
Furniture and vehicles24€174k€351k▲
Leasing and similar rights25-€128k
Other tangible fixed assets26€7k-
Current assets29/58€1.13M€1.44M▲
Amounts receivable after more than one year29€248k€254k▲
Other amounts receivable291€248k€254k▲
Stocks and contracts in progress3€193k€120k▼
Stocks30/36€193k€120k▼
Amounts receivable within one year40/41€319k€353k▲
Trade receivables40€64k€80k▲
Other amounts receivable41€255k€273k▲
Cash at bank and in hand54/58€365k€714k▲
Equity and liabilities
Total equity and liabilities10/49€1.73M€2.35M▲
Equity10/15€610k€791k▲
Contributions10/11€6k€6k=
Reserves13€102k€252k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€100k€252k▲
Profit (loss) carried forward14€502k€533k▲
Amounts payable17/49€1.12M€1.56M▲
Amounts payable after more than one year17€265k€339k▲
Financial debts170/4€265k€339k▲
Amounts payable within one year42/48€847k€1.20M▲
Current portion of amounts payable after more than one year42€22k€44k▲
Trade debts44€469k€725k▲
Suppliers440/4€469k€725k▲
Advances received on contracts in progress46€199k€220k▲
Taxes, remuneration and social security45€138k€211k▲
Taxes450/3€125k€186k▲
Remuneration and social security454/9€13k€26k▲
Other amounts payable47/48€19k€4k▼
Accrued charges and deferred income492/3€4k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€115k€166k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€101k▲
Other operating charges640/8€45k€46k▲
Gross operating margin9900€407k€696k▲
Operating profit (loss)9901€151k€383k▲
Financial income75/76B€7k€109▼
Recurring financial income75€7k€109▼
Financial charges65/66B€18k€23k▲
Recurring financial charges65€18k€23k▲
Profit (loss) for the period before taxes9903€141k€360k▲
Income taxes67/77€39k€134k▲
Profit (loss) for the period9904€102k€226k▲
Profit (loss) for the period to be appropriated9905€102k€226k▲
Appropriation of the result
Profit (loss) to be appropriated9906€502k€728k▲
Profit (loss) brought forward from the previous period14P€400k€502k▲
Transfer to equity691/2-€150k
To other reserves6921-€150k
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
Social balance
Average headcount (FTE)90872.43.3▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €145k | €117k | €117k | €115k | €166k | ▲ 44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €90k | €99k | €96k | €101k | ▲ 4.9% |
| Other operating charges640/8 | €77k | €33k | €47k | €45k | €46k | ▲ 3.1% |
| Non-recurring operating charges66A | €18k | - | - | - | - | - |
| Gross operating margin9900 | €594k | €365k | €396k | €407k | €696k | ▲ 71.1% |
| Operating profit (loss)9901 | €284k | €126k | €133k | €151k | €383k | ▲ 153% |
| Financial income75/76B | €655 | €5k | €7k | €7k | €109 | ▼ 98.5% |
| Recurring financial income75 | €655 | €5k | €7k | €7k | €109 | ▼ 98.5% |
| Financial charges65/66B | €7k | €9k | €16k | €18k | €23k | ▲ 25.3% |
| Recurring financial charges65 | €7k | €9k | €16k | €18k | €23k | ▲ 25.3% |
| Profit (loss) for the period before taxes9903 | €278k | €122k | €124k | €141k | €360k | ▲ 156% |
| Income taxes67/77 | €83k | €36k | €48k | €39k | €134k | ▲ 244% |
| Profit (loss) for the period9904 | €195k | €86k | €76k | €102k | €226k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €195k | €86k | €76k | €102k | €226k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.64M | €1.88M | €1.75M | €1.73M | €2.35M | ▲ 36.1% |
| Fixed assets21/28 | €756k | €802k | €671k | €600k | €909k | ▲ 51.5% |
| Tangible fixed assets22/27 | €756k | €802k | €671k | €600k | €909k | ▲ 51.5% |
| Land and buildings22 | €416k | €434k | €414k | €396k | €378k | ▼ 4.8% |
| Plant, machinery and equipment23 | €15k | €21k | €17k | €22k | €51k | ▲ 129% |
| Furniture and vehicles24 | €271k | €299k | €232k | €174k | €351k | ▲ 102% |
| Leasing and similar rights25 | €54k | €48k | - | - | €128k | - |
| Other tangible fixed assets26 | - | - | €7k | €7k | - | - |
| Current assets29/58 | €887k | €1.08M | €1.08M | €1.13M | €1.44M | ▲ 27.9% |
| Amounts receivable after more than one year29 | €200k | €238k | €243k | €248k | €254k | ▲ 2.2% |
| Other amounts receivable291 | €200k | €238k | €243k | €248k | €254k | ▲ 2.2% |
| Stocks and contracts in progress3 | €322k | €312k | €297k | €193k | €120k | ▼ 37.9% |
| Stocks30/36 | €322k | €312k | €297k | €193k | €120k | ▼ 37.9% |
| Amounts receivable within one year40/41 | €125k | €221k | €266k | €319k | €353k | ▲ 10.4% |
| Trade receivables40 | €80k | €126k | €71k | €64k | €80k | ▲ 24.6% |
| Other amounts receivable41 | €45k | €95k | €195k | €255k | €273k | ▲ 6.8% |
| Cash at bank and in hand54/58 | €239k | €307k | €274k | €365k | €714k | ▲ 95.4% |
| Deferred charges and accrued income490/1 | €955 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.64M | €1.88M | €1.75M | €1.73M | €2.35M | ▲ 36.1% |
| Equity10/15 | €346k | €433k | €509k | €610k | €791k | ▲ 29.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €102k | €102k | €102k | €102k | €252k | ▲ 147% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €100k | €100k | €100k | €100k | €252k | ▲ 152% |
| Profit (loss) carried forward14 | €238k | €325k | €400k | €502k | €533k | ▲ 6.2% |
| Amounts payable17/49 | €1.30M | €1.45M | €1.24M | €1.12M | €1.56M | ▲ 39.6% |
| Amounts payable after more than one year17 | €279k | €330k | €287k | €265k | €339k | ▲ 27.7% |
| Financial debts170/4 | €279k | €330k | €287k | €265k | €339k | ▲ 27.7% |
| Amounts payable within one year42/48 | €806k | €1.11M | €949k | €847k | €1.20M | ▲ 42.2% |
| Current portion of amounts payable after more than one year42 | €48k | €63k | €43k | €22k | €44k | ▲ 104% |
| Trade debts44 | €180k | €431k | €524k | €469k | €725k | ▲ 54.7% |
| Suppliers440/4 | €180k | €431k | €524k | €469k | €725k | ▲ 54.7% |
| Advances received on contracts in progress46 | €404k | €438k | €205k | €199k | €220k | ▲ 10.6% |
| Taxes, remuneration and social security45 | €173k | €165k | €144k | €138k | €211k | ▲ 52.5% |
| Taxes450/3 | €162k | €162k | €136k | €125k | €186k | ▲ 47.9% |
| Remuneration and social security454/9 | €11k | €3k | €8k | €13k | €26k | ▲ 97.1% |
| Other amounts payable47/48 | - | €13k | €33k | €19k | €4k | ▼ 80.9% |
| Accrued charges and deferred income492/3 | €213k | €8k | €6k | €4k | €15k | ▲ 274% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195k | €86k | €76k | €102k | €226k | ▲ 123% |
| + Depreciation and write-downs630 | €70k | €90k | €99k | €96k | €101k | ▲ 4.9% |
| Operating cash flow (approximation) | €264k | €176k | €175k | €198k | €327k | ▲ 65.3% |
| Investment in fixed assets (approximation) | - | €-136k | €32k | €-25k | €-410k | ▼ 1,531% |
| Change in cash | - | €68k | €-33k | €91k | €348k | ▲ 282% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Highest result since 2019net €226k ▲123%
Operating result €383k, net result €226k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 42 days late
2023
31-12
Financial
Equity above €500kEq €509k ▲17.5%
5 profitable years in a row build equity to €509k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
31-12
Financial
Equity above €200kEq €346k ▲128%
3 profitable years in a row build equity to €346k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €150kEq €152k ▲246%
2 profitable years in a row build equity to €152k.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Genappe · 2 establishment units since 2018
Ground area
4,181 m²
Building footprint
427 m²
2 parcels, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
VDS POOLS
since 20182.281.054.176
VDS POOLS
since 20202.312.740.217
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25003M0220/00B000 | Wallonia | 3,467 m² | 1 · 253 m² | - |
| 52022C0167/00D002 | Wallonia | 714 m² | 1 · 174 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 472 companies in sector 46442 we hold annual accounts for 334. 221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
46442Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.