VDT Projects

Active

Private limited companyfounded 201313 yrs activeKrevelstraat 11, 8581 Avelgem, BelgiumKBO/BCE: BE 0524.842.254

VDT Projects has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-37k) and a net result of €65k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

36 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability31▲+17

Solvency24▲+3

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.67 against 0.39 in 2023; short-term debt: 101.2% and cash: 1.2% of total assets), and equity is negative.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-1.4%

Return on assets

2.5%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 9%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

57 d late

2022

24 d late

2021

25 d late

2020

33 d early

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-37k▲ 63.6%

2023 · €-103k

2018: €28k 2019: €52k 2020: €64k 2021: €34k 2022: €12k 2023: €-103k

2018 → 2024

Total assets

€2.58M▼ 9.8%

2023 · €2.86M

2018: €51k 2019: €550k 2020: €2.06M 2021: €2.59M 2022: €3.41M 2023: €2.86M

2018 → 2024

Net result

€65k

2023 · €-114k

2018: €-11k 2019: €41k 2020: €23k 2021: €-19k 2022: €-22k 2023: €-114k

2018 → 2024

Working capital

€-870k▲ 52.1%

2023 · €-1.81M

2018: €18k 2019: €-391k 2020: €-1.71M 2021: €-1.97M 2022: €-2.83M 2023: €-1.81M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€64k-€34k▼ 47.5%€12k▼ 65.6%€-103k€-37k▲ 63.6%

Operating result€44k-€30k▼ 31.1%€26k▼ 15.1%€-48k€104k

Net result€23k-€-19k€-22k▼ 13.2%€-114k▼ 420%€65k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €104k after a loss of €48k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.58M

32.4%

67.6%

Fixed assets €837k▼ 51.5%

Current assets €1.75M▲ 53.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€105k▲

2023 · €-47k

Cash flow

€66k▲

2023 · €-114k

Solvency

-1.4%▲

2023 · -3.6%

Current ratio

0.67▲

2023 · 0.39

Quick ratio

0.67▲

2023 · 0.39

Debt / equity

-70.14▼

2023 · -28.87

ROA

2.5%▲

2023 · -4.0%

Interest coverage

1.14▲

2023 · -0.46

Debt

€2.62M▼

2023 · €2.97M

Debt ≤ 1 year

€2.62M▼

2023 · €2.95M

Debt > 1 year

€5k▼

2023 · €14k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.86M€2.58M▼

Fixed assets21/28€1.72M€837k▼

Intangible fixed assets21€820€168▼

Tangible fixed assets22/27€1.72M€833k▼

Land and buildings22€1.72M€833k▼

Plant, machinery and equipment23€0-

Furniture and vehicles24€0-

Financial fixed assets28€4k€4k=

Current assets29/58€1.14M€1.75M▲

Amounts receivable within one year40/41€1.13M€1.71M▲

Trade receivables40€120k€0▼

Other amounts receivable41€1.01M€1.71M▲

Cash at bank and in hand54/58€12k€32k▲

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€2.86M€2.58M▼

Equity10/15€-103k€-37k▲

Contributions10/11€20k€20k=

Reserves13€33k€33k=

Distributable reserves133€33k€33k=

Profit (loss) carried forward14€-156k€-90k▲

Amounts payable17/49€2.97M€2.62M▼

Amounts payable after more than one year17€14k€5k▼

Financial debts170/4€14k€5k▼

Amounts payable within one year42/48€2.95M€2.62M▼

Current portion of amounts payable after more than one year42€9k€9k▲

Financial debts43€527k€342k▼

Credit institutions430/8€527k€342k▼

Trade debts44€90k€511▼

Suppliers440/4€90k€511▼

Taxes, remuneration and social security45€19k€13k▼

Taxes450/3€19k€13k▼

Other amounts payable47/48€2.31M€2.25M▼

Income statement Code20232024

Non-recurring operating income76A€11k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€652€652=

Other operating charges640/8€619€1k▲

Gross operating margin9900€-47k€106k▲

Operating profit (loss)9901€-48k€104k▲

Financial income75/76B€36k€53k▲

Recurring financial income75€36k€53k▲

Financial charges65/66B€102k€92k▼

Recurring financial charges65€102k€92k▼

Profit (loss) for the period before taxes9903€-114k€65k▲

Profit (loss) for the period9904€-114k€65k▲

Profit (loss) for the period to be appropriated9905€-114k€65k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-156k€-90k▲

Profit (loss) brought forward from the previous period14P€-41k€-156k▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Back to profitnet €65k

Net result €65k after 3 loss-making years.

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Weakest financial yearnet €-114k

Net result drops to €-114k, the lowest in the series; recovery starts the following year.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 25 days late

2021

28-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Back to profitnet €41k

Net result €41k after one loss-making year.

25-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

18-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 18 days late

2016

29-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Avelgem · 1 establishment unit since 2013

establishment The establishment unit on the map

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.

Krevelstraat 118581 Avelgem

Ground area

1,691 m²

Building footprint

549 m²

Volume, LiDAR

2,883 m³

Parcel 34020A0352/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

VDT Projects

Krevelstraat 11, 8581 AvelgemConstruction of residential and non-residential buildings

since 20132.217.919.351

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34020A0352/00K000	Flanders	1,691 m²	1 · 549 m²	8.7 m · 2 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

AC Masters

BE 0734.961.575

Balen · Eq €12k

BOUWHEER DEVELOPMENT GROUP

Of 4,010 companies in sector 43310 we hold annual accounts for 1,745. 1,114 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-03-2013

Fiscal year end31-12

Activities, NACEBEL

43310Plastering work

Sources

Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.