VDVA
ActiveSummary
The computed 12-month bankruptcy probability of VDVA is 3.1% (moderate). For VDVA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €207,888 and a net result of €58,992. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 70% of 33676 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability91▲+7
Solvency88▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
62.8%
Return on assets
17.8%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
32 d late
2021
78 d late
2020
230 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 93 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€207,888▲ 39.6%
2022 · €148,895
Total assets
€330,893▲ 33.2%
2022 · €248,427
Net result
€58,992▲ 89.6%
2022 · €31,114
Working capital
€194,656▲ 55.0%
2022 · €125,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€137,450-€21,914▼ 84.1%€46,202▲ 111%€82,748▲ 79.1%
Net result€100,414above the sector's middle half-€17,267within the sector's middle half▼ 82.8%€31,114above the sector's middle half▲ 80.2%€58,992above the sector's middle half▲ 89.6%
Equity€100,514within the sector's middle half-€117,781within the sector's middle half▲ 17.2%€148,895above the sector's middle half▲ 26.4%€207,888above the sector's middle half▲ 39.6%
Total assets€199,470within the sector's middle half-€217,715within the sector's middle half▲ 9.1%€248,427within the sector's middle half▲ 14.1%€330,893above the sector's middle half▲ 33.2%
Debt€98,956-€99,934▲ 1.0%€99,532▼ 0.4%€123,006▲ 23.6%
Working capital€70,704within the sector's middle half-€88,468above the sector's middle half▲ 25.1%€125,557above the sector's middle half▲ 41.9%€194,656above the sector's middle half▲ 55.0%
Solvency50.4%within the sector's middle half-54.1%within the sector's middle half▲ 3.7pp59.9%within the sector's middle half▲ 5.8pp62.8%within the sector's middle half▲ 2.9pp
Current ratio1.71within the sector's middle half-2.11within the sector's middle half▲ 0.392.44within the sector's middle half▲ 0.332.64within the sector's middle half▲ 0.20
Return on assets (ROA)50.3%above the sector's middle half-7.9%within the sector's middle half▼ 42.4pp12.5%within the sector's middle half▲ 4.6pp17.8%above the sector's middle half▲ 5.3pp
Staff (FTE)1within the sector's middle half-1.7▲ 70.0%2.4▲ 41.2%2.3▼ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 79% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €330,893
Fixed assets
€17,774 ▼ 50.1%
Current assets
€313,119 ▲ 47.2%
Equity and liabilities €330,893
Equity
€207,888 ▲ 39.6%
Debt
€123,006 ▲ 23.6%
Debt's share of the balance-sheet total falls from 40.1% to 37.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100,617▲
2022 · €65,897
Cash flow
€76,861▲
2022 · €50,809
Debt to equity
0.59▼
2022 · 0.67
ROE
28.4%▲
2022 · 20.9%
Interest coverage
35.59▲
2022 · 24.67
Debt ≤ 1 year
€118,464▲
2022 · €87,227
Debt > 1 year
€4,542▼
2022 · €12,305
Income taxes
€26,796▲
2022 · €20,355
Staff costs
€48,981▲
2022 · €38,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €25,849 | €38,426 | €48,981 | ▲ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,367 | €15,280 | €19,695 | €17,869 | ▼ 9.3% |
| Other operating charges640/8 | - | €3,859 | €1,456 | €11,554 | ▲ 693% |
| Gross operating margin9900 | €143,936 | €66,902 | €105,780 | €161,152 | ▲ 52.3% |
| Operating profit (loss)9901 | €137,450 | €21,914 | €46,202 | €82,748 | ▲ 79.1% |
| Financial income75/76B | - | €6,225 | €7,938 | €5,867 | ▼ 26.1% |
| Recurring financial income75 | €5,934 | €6,225 | €7,938 | €5,867 | ▼ 26.1% |
| Financial charges65/66B | - | €1,536 | €2,671 | €2,827 | ▲ 5.8% |
| Recurring financial charges65 | €459 | €1,536 | €2,671 | €2,827 | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €142,925 | €26,603 | €51,469 | €85,788 | ▲ 66.7% |
| Income taxes67/77 | €42,511 | €9,336 | €20,355 | €26,796 | ▲ 31.6% |
| Profit (loss) for the period9904 | €100,414 | €17,267 | €31,114 | €58,992 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €100,414 | €17,267 | €31,114 | €58,992 | ▲ 89.6% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €199,470 | €217,715 | €248,427 | €330,893 | ▲ 33.2% |
| Fixed assets21/28 | €29,810 | €49,270 | €35,643 | €17,774 | ▼ 50.1% |
| Intangible fixed assets21 | - | - | €1,132 | €884 | ▼ 21.9% |
| Tangible fixed assets22/27 | €29,810 | €49,020 | €32,306 | €14,685 | ▼ 54.5% |
| Plant, machinery and equipment23 | - | €485 | €292 | €100 | ▼ 65.9% |
| Furniture and vehicles24 | - | €19,591 | €9,696 | €897 | ▼ 90.7% |
| Leasing and similar rights25 | - | €27,680 | €19,718 | €11,757 | ▼ 40.4% |
| Other tangible fixed assets26 | - | €1,264 | €2,599 | €1,931 | ▼ 25.7% |
| Financial fixed assets28 | - | €250 | €2,205 | €2,205 | = |
| Current assets29/58 | €169,659 | €168,445 | €212,784 | €313,119 | ▲ 47.2% |
| Amounts receivable after more than one year29 | - | - | €135,000 | €135,000 | = |
| Other amounts receivable291 | - | - | €135,000 | €135,000 | = |
| Amounts receivable within one year40/41 | €142,543 | €136,622 | €40,299 | €120,856 | ▲ 200% |
| Trade receivables40 | - | €27,912 | €24,007 | €55,414 | ▲ 131% |
| Other amounts receivable41 | - | €108,710 | €16,292 | €65,443 | ▲ 302% |
| Cash at bank and in hand54/58 | €25,630 | €31,253 | €34,486 | €52,283 | ▲ 51.6% |
| Deferred charges and accrued income490/1 | - | €570 | €2,999 | €4,980 | ▲ 66.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €199,470 | €217,715 | €248,427 | €330,893 | ▲ 33.2% |
| Equity10/15 | €100,514 | €117,781 | €148,895 | €207,888 | ▲ 39.6% |
| Contributions10/11 | - | €100 | €100 | €100 | = |
| Reserves13 | €50,000 | €50,000 | €81,114 | €137,114 | ▲ 69.0% |
| Distributable reserves133 | - | €50,000 | €81,114 | €137,114 | ▲ 69.0% |
| Profit (loss) carried forward14 | €50,414 | €67,681 | €67,681 | €70,674 | ▲ 4.4% |
| Amounts payable17/49 | €98,956 | €99,934 | €99,532 | €123,006 | ▲ 23.6% |
| Amounts payable after more than one year17 | - | €19,956 | €12,305 | €4,542 | ▼ 63.1% |
| Financial debts170/4 | - | €19,956 | €12,305 | €4,542 | ▼ 63.1% |
| Amounts payable within one year42/48 | €98,956 | €79,978 | €87,227 | €118,464 | ▲ 35.8% |
| Current portion of amounts payable after more than one year42 | - | €7,541 | €7,651 | €7,763 | ▲ 1.5% |
| Trade debts44 | €55,991 | €9,092 | €11,369 | €81,316 | ▲ 615% |
| Suppliers440/4 | - | €9,092 | €11,369 | €81,316 | ▲ 615% |
| Taxes, remuneration and social security45 | - | €63,345 | €68,207 | €29,384 | ▼ 56.9% |
| Taxes450/3 | - | €56,848 | €63,302 | €29,072 | ▼ 54.1% |
| Remuneration and social security454/9 | - | €6,497 | €4,904 | €312 | ▼ 93.6% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,414 | €17,267 | €31,114 | €58,992 | ▲ 89.6% |
| + Depreciation and write-downs630 | €2,367 | €15,280 | €19,695 | €17,869 | ▼ 9.3% |
| Operating cash flow (approximation) | €102,781 | €32,547 | €50,809 | €76,861 | ▲ 51.3% |
| Investment in fixed assets (approximation) | - | -€34,740 | -€6,068 | €0 | ▲ 100% |
| Change in cash | - | €5,623 | €3,233 | €17,797 | ▲ 450% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €200,000Eq €207,888 ▲39.6%
4 profitable years in a row build equity to €207,888.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 230 days late
2021
31-12
Financial
Weakest financial yearnet €17,267 ▼82.8%
Net result drops to €17,267, the lowest in the series; recovery starts the following year.
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, Jodoigne · 1 establishment unit since 2019
Ground area
491 m²
Building footprint
93 m²
Volume, LiDAR
658 m³
Parcel 25048F0214/00H000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDVA
since 20192.356.898.575
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25048F0214/00H000 | Wallonia | 491 m² | 1 · 93 m² | 8.9 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549002B7VNGGIYYSA18
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,792 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
Founded29-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736901377
Also
9925:BE0736901377
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.