VDV-Logistics
ActiveSummary
The computed 12-month bankruptcy probability of VDV-Logistics is 2.1% (moderate). The 2025 annual accounts show equity of €21k and a net result of €12k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 968 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+11
Solvency34▲+5
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.39 in 2024; short-term debt: 42.6% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
8.8%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 968 sector peers (2025).
NBB · sector comparisonPosition among 968 sector peers
Solvency
better than 21%
← weakest
strongest →
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 05-06-2026, 56 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
56 d early
2024
38 d early
2023
55 d early
2022
60 d early
← 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, micro schema
Equity
€21k▲ 129%
2024 · €9k
2022: €19k
2023: €6k▼ -65.4% vs 2022lowest in 4 years
2024: €9k▲ +42.6% vs 2023
2025: €21k▲ +129% vs 2024highest in 4 years
2022 → 2025
Total assets
€239k▼ 2.3%
2024 · €244k
2022: €113k
2023: €90k▼ -20.5% vs 2022lowest in 4 years
2024: €244k▲ +173% vs 2023highest in 4 years
2025: €239k▼ -2.3% vs 2024
2022 → 2025
Net result
€12k▲ 330%
2024 · €3k
2022: €16khighest in 4 years
2023: €-12k▼ -178% vs 2022lowest in 4 years
2024: €3k▲ +123% vs 2023
2025: €12k▲ +330% vs 2024
2022 → 2025
Working capital
€-21k▲ 60.4%
2024 · €-52k
2022: €-11khighest in 4 years
2023: €-17k▼ -59.9% vs 2022
2024: €-52k▼ -200% vs 2023lowest in 4 years
2025: €-21k▲ +60.4% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€19k-€6k▼ 65.4%€9k▲ 42.6%€21k▲ 129%
2022: €19k
2023: €6k▼ -65.4% vs 2022lowest in 4 years
2024: €9k▲ +42.6% vs 2023
2025: €21k▲ +129% vs 2024highest in 4 years
Operating result€18k-€-3k€18k€28k▲ 59.1%
2022: €18k
2023: €-3k▼ -114% vs 2022lowest in 4 years
2024: €18k▲ +793% vs 2023
2025: €28k▲ +59.1% vs 2024highest in 4 years
Net result€16k-€-12k€3k€12k▲ 330%
2022: €16khighest in 4 years
2023: €-12k▼ -178% vs 2022lowest in 4 years
2024: €3k▲ +123% vs 2023
2025: €12k▲ +330% vs 2024
Turnover and EBIT margin not published: the micro 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 €239k
Fixed assets
€158k ▼ 25.5%
Current assets
€81k ▲ 145%
Equity and liabilities €239k
Equity
€21k ▲ 129%
Debt
€218k ▼ 7.4%
Debt's share of the balance-sheet total falls from 96.3% to 91.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2024 · €54k
Cash flow
€65k▲
2024 · €39k
Current ratio
0.80▲
2024 · 0.39
Debt to equity
10.43▼
2024 · 25.74
ROE
56.2%▲
2024 · 29.9%
ROA
4.9%▲
2024 · 1.1%
Interest coverage
4.43▲
2024 · 3.65
Debt ≤ 1 year
€102k▲
2024 · €85k
Debt > 1 year
€116k▼
2024 · €150k
Income taxes
€504▲
2024 · €328
Staff costs
€66k▼
2024 · €69k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€244k€239k▼
Fixed assets21/28€211k€158k▼
Tangible fixed assets22/27€207k€155k▼
Plant, machinery and equipment23€949€749▼
Furniture and vehicles24€3k€4k▲
Leasing and similar rights25€203k€150k▼
Financial fixed assets28€4k€3k▼
Current assets29/58€33k€81k▲
Amounts receivable within one year40/41€29k€78k▲
Trade receivables40€17k€2k▼
Other amounts receivable41€12k€76k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€244k€239k▼
Equity10/15€9k€21k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€6k€18k▲
Amounts payable17/49€235k€218k▼
Amounts payable after more than one year17€150k€116k▼
Financial debts170/4€150k€116k▼
Amounts payable within one year42/48€85k€102k▲
Current portion of amounts payable after more than one year42€34k€34k▲
Financial debts43€4k€5k▲
Credit institutions430/8€4k€5k▲
Trade debts44€31k€19k▼
Suppliers440/4€31k€19k▼
Taxes, remuneration and social security45€16k€43k▲
Taxes450/3€10k€37k▲
Remuneration and social security454/9€6k€6k▼
Income statement
Code20242025
Remuneration, social security and pensions62€69k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€53k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€124k€149k▲
Operating profit (loss)9901€18k€28k▲
Financial income75/76B€47€2k▲
Recurring financial income75€47€2k▲
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Profit (loss) for the period before taxes9903€3k€12k▲
Income taxes67/77€328€504▲
Profit (loss) for the period9904€3k€12k▲
Profit (loss) for the period to be appropriated9905€3k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€18k▲
Profit (loss) brought forward from the previous period14P€3k€6k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €978 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €3k | €69k | €66k | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €18k | €36k | €53k | ▲ 47.2% |
| Other operating charges640/8 | €155 | €193 | €2k | €1k | ▼ 33.5% |
| Gross operating margin9900 | €22k | €19k | €124k | €149k | ▲ 19.6% |
| Operating profit (loss)9901 | €18k | €-3k | €18k | €28k | ▲ 59.1% |
| Financial income75/76B | €5 | €5 | €47 | €2k | ▲ 4,924% |
| Recurring financial income75 | €5 | €5 | €47 | €2k | ▲ 4,924% |
| Financial charges65/66B | €2k | €9k | €15k | €18k | ▲ 24.4% |
| Recurring financial charges65 | €2k | €9k | €15k | €18k | ▲ 24.4% |
| Profit (loss) for the period before taxes9903 | €16k | €-12k | €3k | €12k | ▲ 301% |
| Income taxes67/77 | €25 | €529 | €328 | €504 | ▲ 53.8% |
| Profit (loss) for the period9904 | €16k | €-12k | €3k | €12k | ▲ 330% |
| Profit (loss) for the period to be appropriated9905 | €16k | €-12k | €3k | €12k | ▲ 330% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €113k | €90k | €244k | €239k | ▼ 2.3% |
| Fixed assets21/28 | €92k | €72k | €211k | €158k | ▼ 25.5% |
| Tangible fixed assets22/27 | €87k | €68k | €207k | €155k | ▼ 25.5% |
| Plant, machinery and equipment23 | - | - | €949 | €749 | ▼ 21.1% |
| Furniture and vehicles24 | €2k | €785 | €3k | €4k | ▲ 23.1% |
| Leasing and similar rights25 | €85k | €67k | €203k | €150k | ▼ 26.3% |
| Financial fixed assets28 | €5k | €3k | €4k | €3k | ▼ 25.0% |
| Current assets29/58 | €21k | €18k | €33k | €81k | ▲ 145% |
| Amounts receivable within one year40/41 | €19k | €4k | €29k | €78k | ▲ 170% |
| Trade receivables40 | €15k | €4k | €17k | €2k | ▼ 86.8% |
| Other amounts receivable41 | €4k | - | €12k | €76k | ▲ 543% |
| Cash at bank and in hand54/58 | €1k | €11k | - | - | - |
| Deferred charges and accrued income490/1 | €441 | €3k | €4k | €3k | ▼ 21.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €113k | €90k | €244k | €239k | ▼ 2.3% |
| Equity10/15 | €19k | €6k | €9k | €21k | ▲ 129% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €16k | €3k | €6k | €18k | ▲ 191% |
| Amounts payable17/49 | €94k | €83k | €235k | €218k | ▼ 7.4% |
| Amounts payable after more than one year17 | €62k | €48k | €150k | €116k | ▼ 22.7% |
| Financial debts170/4 | €62k | €48k | €150k | €116k | ▼ 22.7% |
| Amounts payable within one year42/48 | €32k | €35k | €85k | €102k | ▲ 19.7% |
| Current portion of amounts payable after more than one year42 | €13k | €15k | €34k | €34k | ▲ 0.8% |
| Financial debts43 | - | - | €4k | €5k | ▲ 25.0% |
| Credit institutions430/8 | - | - | €4k | €5k | ▲ 25.0% |
| Trade debts44 | €18k | €9k | €31k | €19k | ▼ 38.3% |
| Suppliers440/4 | €18k | €9k | €31k | €19k | ▼ 38.3% |
| Taxes, remuneration and social security45 | €880 | €8k | €16k | €43k | ▲ 170% |
| Taxes450/3 | €880 | €6k | €10k | €37k | ▲ 285% |
| Remuneration and social security454/9 | - | €1k | €6k | €6k | ▼ 2.4% |
| Other amounts payable47/48 | €143 | €4k | - | - | - |
| Accrued charges and deferred income492/3 | - | €300 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €-12k | €3k | €12k | ▲ 330% |
| + Depreciation and write-downs630 | €4k | €18k | €36k | €53k | ▲ 47.2% |
| Operating cash flow (approximation) | €19k | €6k | €39k | €65k | ▲ 67.1% |
| Investment in fixed assets (approximation) | - | €2k | €-176k | €877 | ▲ 100% |
| Change in cash | - | €9k | - | - | - |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Dendermonde · 1 establishment unit since 2021
Ground area
2,471 m²
Building footprint
187 m²
Volume, LiDAR
1,522 m³
2 parcels, Flanders · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDV-Logistics
since 20212.323.482.273
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B0371/00Z000 | Flanders | 2,265 m² | 1 · 123 m² | 13.5 m · 3 fl. |
| 42021A0369/00K003 | Flanders | 206 m² | 1 · 64 m² | 10.0 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 460 EUR awarded · 460 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 460 EUR | 460 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,725 companies in sector 52210 we hold annual accounts for 770. 430 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
Founded25-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52210Service activities incidental to land transportation
95319Other maintenance and repair of motor vehicles
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.