Equity
-€141,759
Debts exceed assets in financial year 2025.
VDSD INVEST
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005Gross marginpeak €31,864 (2022)
€8,154▼ 38.9%
Resultlowest -€28,746 (2008)
-€6,219▼ €5,482
Equitypeak €16,018 (2007)
-€141,759▼ €6,219
Debts
€182,399▼ 5.7%
Board3 names since 2022
2 directorsDemuynck Ann and 1 other
Documentsfilings and deeds
29-11-202563 days before the deadline
2025micro format
Gross margin from €13,356 to €8,154Loss of €6,219Cash from €8,484 to €3,140
Key points
from the 2025 annual accountsLosses
-€8,026 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €80,000 estimated
The micro format states no turnover.
Debts
€182,399 449% of the balance sheet
Filings
21 annual accounts since 2005
The last five annual accounts were filed 63 to 110 days before the end of the period.
Position in the sector
-348.8%
Lower solvency than 95% of companies in wholesale trade. Sector median 40.5% · 13,779 companies.
Checked score
54
Fair
Financially stronger than 22% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,900 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.5%▼ -0.1 percentage points vs 10-2025lowest value
12-2025: 1.2%▲ +0.7 percentage points vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €6,219, the second in a row (financial year 2025)
Negative equity -€141,759
lowers risk
Size: total assets €40,640
Founded in 2004
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 11% on liquidity, 39% on profitability and 32% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as VDSD INVEST has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VDSD INVEST itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for VDSD INVEST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.04 in 2024), below 1. Short-term debt is 448.8% and cash 7.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€141,759
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-11-2025, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 days early
2024
81 days early
2023
97 days early
2022
68 days early
2021
110 days early
2020
118 days early
2019
99 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 91 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 11 November (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end06-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0864938508
2 directors appointed, 2 resignations, 1 manager resigning
Resignations: Van den Storme Frank, Demuynck Ann and Quintens Yvonne (manager) · Appointments: Van den Storme Frank (director) and Demuynck Ann (director) · Director discharge: Van den Storme Frank · General meeting of 22-11-2023 · Gazette deed
Incorporation
published on 06-05-2004 · Gazette deed
First establishment
Piers de Raveschootlaan 141, Knokke-Heist
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| VDSD INVEST Knokke-Heist | €40,640 | €8,154 | -348.8% | - |
| SAT - BEN Molenbeek-Saint-Jean | €38,788 | €12,092 | 25.5% | - |
| Licht aan Zee De Haan | €87,824 | €8,731 | 54.3% | - |
| Multifoon Edegem | €31,655 | €7,113 | -123.3% | - |
| KOALYS Koekelberg | €39,273 | €13,238 | -239.7% | - |
| Distrimark Belgium Thimister-Clermont | €80,754 | €16,763 | 45.9% | - |
| JOVERO Lommel | €106,841 | €10,831 | 13.1% | - |
These companies have the same main activity as VDSD INVEST: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €31,700 and €107,000, founded between 1998 and 2009.
Official details
Source: KBO- Status
- Active since 26-04-2004Normal situation
- Activity
- Wholesale of electrical household appliances and audio-video equipmentNACE 46431and 1 other
- Establishment unit
- 2.295.691.8728300 Knokke-Heist, since 26-04-2004
- Financial year end
- 30 June
- Peppol
- Reachable since 05-05-2026
Annual accounts to 30-06-2025
- Total assets
- €40,640▼ 29.8%
- Filing
- Filed on 29-11-2025, 63 days before the end of the filing period
Insights on VDSD INVEST
VDSD INVEST files the micro format. That format states no turnover. The gross margin rose from -€592 in 2007 to €8,154 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VDSD INVEST
- What is the company number of VDSD INVEST?
- The company number of VDSD INVEST is 0864.938.508. The VAT number is the same number with BE in front: BE 0864.938.508.
- Where is VDSD INVEST based?
- The registered office is at Piers de Raveschootlaan 141, 8300 Knokke-Heist.Company details
- What does VDSD INVEST do?
- According to the KBO register, the main activity is wholesale of electrical household appliances and audio-video equipment (NACE 46431).
- What is the legal form of VDSD INVEST?
- VDSD INVEST is a private limited company (BV).
- When was VDSD INVEST founded?
- VDSD INVEST was founded on 26-04-2004.
- Is VDSD INVEST still active?
- Yes, VDSD INVEST is an active enterprise in the KBO register.
- What is the turnover of VDSD INVEST?
- The turnover in financial year 2025 is ≈ €80,000. This figure is estimated from the gross margin of €8,154 and 41 comparable companies (NACE 464). It probably lies between €41,000 and €330,000. It is a rough estimate.Financials
- Is VDSD INVEST profitable?
- In financial year 2025, VDSD INVEST made a loss of €6,219.
- Where can I find the annual accounts of VDSD INVEST?
- VDSD INVEST filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VDSD INVEST due?
- VDSD INVEST must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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