VDsoft
ActiveSummary
VDsoft has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504k and a net result of €148k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+5
Solvency71▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 3.94 in 2024; short-term debt: 39.7% and cash: 50.9% of total assets), but 54.2% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
45.8%
Return on assets
13.4%
Age of the figures
9 mo
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
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
13 d late
2023
26 d late
2022
16 d late
2021
9 d late
2020
12 d late
2019
24 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€504k▼ 13.8%
2024 · €585k
Total assets
€1.10M▲ 19.8%
2024 · €918k
Net result
€148k▲ 60.1%
2024 · €92k
Working capital
€468k▼ 16.4%
2024 · €560k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€145k▼ 18.7%€103k▼ 29.1%€80k▼ 22.4%€134k▲ 68.0%€214k▲ 59.2%
Net result€96k▼ 16.2%€69k▼ 28.1%€54k▼ 22.6%€92k▲ 72.6%€148k▲ 60.1%
Equity€453k▲ 13.3%€508k▲ 12.2%€534k▲ 5.1%€585k▲ 9.4%€504k▼ 13.8%
Total assets€833k▲ 3.6%€901k▲ 8.1%€873k▼ 3.1%€918k▲ 5.2%€1.10M▲ 19.8%
Debt€356k▼ 6.5%€368k▲ 3.4%€314k▼ 14.6%€309k▼ 1.5%€571k▲ 84.9%
Working capital€438k▲ 15.5%€454k▲ 3.7%€496k▲ 9.2%€560k▲ 12.9%€468k▼ 16.4%
Staff (FTE)1=1=0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€195k ▲ 16.0%
Current assets
€905k ▲ 20.6%
Equity and liabilities €1.10M
Equity
€504k ▼ 13.8%
Provisions
€25k =
Debt
€571k ▲ 84.9%
Debt's share of the balance-sheet total rises from 33.6% to 52.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€268k▲
2024 · €183k
Cash flow
€202k▲
2024 · €141k
Current ratio
2.07▼
2024 · 3.94
Quick ratio
1.74▼
2024 · 3.38
Debt to equity
1.13▲
2024 · 0.53
ROE
29.3%▲
2024 · 15.8%
ROA
13.4%▲
2024 · 10.1%
Interest coverage
36.81▲
2024 · 23.43
Debt ≤ 1 year
€437k▲
2024 · €191k
Debt > 1 year
€135k▲
2024 · €118k
Income taxes
€67k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32k | €16k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €52k | €56k | €49k | €54k | ▲ 10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €631 | €-420 | €611 | €2k | ▲ 246% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-2k | €-2k | - | - | - | - |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €2k | ▲ 4.2% |
| Non-recurring operating charges66A | - | €188 | €120 | - | - | - |
| Gross operating margin9900 | €228k | €171k | €137k | €186k | €272k | ▲ 46.5% |
| Operating profit (loss)9901 | €145k | €103k | €80k | €134k | €214k | ▲ 59.2% |
| Financial income75/76B | €2k | €813 | €3k | €8k | €8k | ▲ 6.9% |
| Recurring financial income75 | €2k | €813 | €3k | €8k | €8k | ▲ 6.9% |
| Financial charges65/66B | €8k | €8k | €9k | €8k | €7k | ▼ 6.9% |
| Recurring financial charges65 | €8k | €8k | €9k | €8k | €7k | ▼ 6.9% |
| Non-recurring financial charges66B | €58 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €139k | €96k | €74k | €134k | €215k | ▲ 60.0% |
| Income taxes67/77 | €43k | €26k | €21k | €42k | €67k | ▲ 59.8% |
| Profit (loss) for the period9904 | €96k | €69k | €54k | €92k | €148k | ▲ 60.1% |
| Profit (loss) for the period to be appropriated9905 | €96k | €69k | €54k | €92k | €148k | ▲ 60.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €833k | €901k | €873k | €918k | €1.10M | ▲ 19.8% |
| Fixed assets21/28 | €228k | €273k | €217k | €168k | €195k | ▲ 16.0% |
| Tangible fixed assets22/27 | €228k | €273k | €217k | €168k | €195k | ▲ 16.0% |
| Land and buildings22 | €147k | €127k | €105k | €88k | €74k | ▼ 15.4% |
| Plant, machinery and equipment23 | €18k | €49k | €43k | €39k | €36k | ▼ 9.0% |
| Furniture and vehicles24 | €64k | €97k | €69k | €42k | €86k | ▲ 105% |
| Current assets29/58 | €605k | €628k | €656k | €750k | €905k | ▲ 20.6% |
| Amounts receivable after more than one year29 | €4k | - | - | - | - | - |
| Other amounts receivable291 | €4k | - | - | - | - | - |
| Stocks and contracts in progress3 | €97k | €103k | €95k | €107k | €147k | ▲ 37.7% |
| Stocks30/36 | €97k | €103k | €95k | €107k | €147k | ▲ 37.7% |
| Amounts receivable within one year40/41 | €89k | €99k | €120k | €68k | €110k | ▲ 61.5% |
| Trade receivables40 | €36k | €55k | €84k | €40k | €66k | ▲ 63.2% |
| Other amounts receivable41 | €54k | €44k | €37k | €28k | €44k | ▲ 59.1% |
| Current investments50/53 | - | €4k | €172k | €43k | €82k | ▲ 89.5% |
| Cash at bank and in hand54/58 | €410k | €416k | €262k | €526k | €560k | ▲ 6.5% |
| Deferred charges and accrued income490/1 | €5k | €6k | €6k | €6k | €6k | ▼ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €833k | €901k | €873k | €918k | €1.10M | ▲ 19.8% |
| Equity10/15 | €453k | €508k | €534k | €585k | €504k | ▼ 13.8% |
| Contributions10/11 | €6k | €6k | €8k | €8k | €8k | = |
| Capital10 | €6k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €410k | €465k | €489k | €540k | €459k | ▼ 15.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | €408k | €463k | €489k | €540k | €459k | ▼ 15.0% |
| Profit (loss) carried forward14 | €37k | €37k | €37k | €37k | €37k | = |
| Provisions and deferred taxes16 | €25k | €25k | €25k | €25k | €25k | = |
| Provisions for liabilities and charges160/5 | €25k | €25k | €25k | €25k | €25k | = |
| Pensions and similar obligations160 | €25k | €25k | €25k | €25k | €25k | = |
| Amounts payable17/49 | €356k | €368k | €314k | €309k | €571k | ▲ 84.9% |
| Amounts payable after more than one year17 | €188k | €194k | €154k | €118k | €135k | ▲ 13.7% |
| Financial debts170/4 | €188k | €194k | €154k | €118k | €135k | ▲ 13.7% |
| Amounts payable within one year42/48 | €168k | €174k | €160k | €191k | €437k | ▲ 129% |
| Current portion of amounts payable after more than one year42 | €48k | €44k | €40k | €35k | €42k | ▲ 17.3% |
| Trade debts44 | €74k | €95k | €94k | €94k | €154k | ▲ 65.0% |
| Suppliers440/4 | €74k | €95k | €94k | €94k | €154k | ▲ 65.0% |
| Taxes, remuneration and social security45 | €4k | €22k | - | €20k | €25k | ▲ 29.4% |
| Taxes450/3 | €2k | €22k | - | €20k | €25k | ▲ 29.4% |
| Remuneration and social security454/9 | €2k | - | - | - | - | - |
| Other amounts payable47/48 | €41k | €13k | €26k | €42k | €215k | ▲ 416% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €69k | €54k | €92k | €148k | ▲ 60.1% |
| + Depreciation and write-downs630 | €52k | €52k | €56k | €49k | €54k | ▲ 10.6% |
| Operating cash flow (approximation) | €148k | €121k | €109k | €141k | €202k | ▲ 43.0% |
| Investment in fixed assets (approximation) | - | €-97k | €0 | €0 | €-81k | - |
| Change in cash | - | €7k | €-154k | €264k | €34k | ▼ 87.0% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €148k ▲60.1%
Operating result €214k, net result €148k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 13 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
31-12
Financial
Equity above €500kEq €508k ▲12.2%
5 profitable years in a row build equity to €508k.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Assenede · 1 establishment unit since 2007
Ground area
334 m²
Building footprint
236 m²
Volume, LiDAR
1,255 m³
Parcel 43012C0013/00G000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDsoft
since 20072.165.757.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43012C0013/00G000 | Flanders | 334 m² | 1 · 236 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
1 endedPc-technicus (so)
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Of 3,222 companies in sector 47400 we hold annual accounts for 1,806. 1,107 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
Founded08-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
26700Manufacture of computer, electronic and optical products
58290Other software publishing
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.