VDW (0480.294.114): financials and annual accounts

VDW

Antwerp ·KBO/BCE: BE 0480.294.114

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	3.3m	4.1m	7.0m	2.9m	2.7m	3.9m	5.0m	4.9m	4.7m	4.4m	4.4m	4.4m	3.9m	4.0m	5.1m	2.9m	2.4m	1.1m	1.2m
Fixed assets`21/28`	2.7m	3.6m	3.8m	2.2m	2.3m	2.3m	2.2m	2.3m	2.4m	2.5m	2.5m	2.5m	2.5m	2.4m	2.6m	1.4m	1.4m	881,599	903,316
Tangible fixed assets`22/27`	2.6m	3.6m	3.8m	2.2m	2.2m	1.6m	1.5m	1.6m	1.6m	1.8m	1.8m	1.8m	1.8m	1.7m	1.9m	684,438	729,069	775,599	797,316
Land and buildings`22`	2.0m	3.0m	3.2m	1.5m	1.4m	1.6m	1.4m	1.5m	1.6m	1.7m	1.7m	1.8m	1.7m	1.7m	1.8m	661,149	717,520	764,084	784,995
Plant, machinery and equipment`23`	452,283	527,122	594,901	669,939	745,706	5,579	7,225	4,284	5,931	7,174	7,297	3,841	3,837	980	1,258	793	1,218	1,786	2,354
Furniture and vehicles`24`	202,363	45,585	31,882	23,904	31,779	40,477	51,981	63,752	77,506	85,398	58,193	53,579	39,396	39,749	46,684	22,496	10,331	9,729	9,966
Financial fixed assets`28`	25,000	25,000	25,000	25,000	25,000	699,999	705,999	721,000	721,000	721,000	721,000	721,000	721,000	721,000	721,000	696,000	696,000	106,000	106,000
Current assets`29/58`	658,670	487,412	3.2m	710,377	477,276	1.6m	2.8m	2.6m	2.3m	1.9m	1.9m	1.9m	1.4m	1.6m	2.5m	1.5m	1.0m	265,461	293,442
Amounts receivable after more than one year`29`	-	-	-	-	-	-	10,050	10,050	40,050	40,050	30,050	30,050	30,050	30,050	30,050	31,050	31,050	31,050	31,050
Other amounts receivable`291`	-	-	-	-	-	-	10,050	10,050	40,050	40,050	30,050	30,050	30,050	30,050	30,050	31,050	31,050	31,050	31,050
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209,318	232,000	-	-	-
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209,318	232,000	-	-	-
Amounts receivable within one year`40/41`	581,615	434,388	2.7m	614,421	392,955	1.5m	2.4m	2.5m	2.2m	1.7m	1.7m	1.8m	1.3m	1.5m	2.2m	1.1m	796,766	178,576	134,872
Trade receivables`40`	236,499	81,050	2.3m	269,429	47,964	18,496	170,017	170,290	150,517	150,517	116,517	177,232	151,723	150,517	448,170	177,845	61,675	71,076	113,096
Other amounts receivable`41`	345,115	353,338	391,158	344,992	344,992	1.5m	2.2m	2.3m	2.0m	1.6m	1.6m	1.6m	1.1m	1.3m	1.8m	878,419	735,091	107,500	21,776
Cash at bank and in hand`54/58`	73,987	51,209	513,938	92,565	76,138	16,044	347,920	67,565	84,205	95,402	151,185	78,170	107,062	96,168	39,044	226,506	184,273	55,835	127,520
Deferred charges and accrued income`490/1`	3,069	1,814	3,394	3,391	8,182	58,286	23,307	7,043	-	-	-	-	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.3m	4.1m	7.0m	2.9m	2.7m	3.9m	5.0m	4.9m	4.7m	4.4m	4.4m	4.4m	3.9m	4.0m	5.1m	2.9m	2.4m	1.1m	1.2m
Equity`10/15`	-453,822	231,026	561,840	556,033	366,694	1.5m	3.2m	2.8m	2.4m	2.3m	1.8m	2.0m	1.8m	1.7m	1.4m	765,254	-43,847	-63,912	-21,285
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	1.6m	1.6m	1.6m	1.6m	1.6m	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	18,600	18,600	1.6m	1.6m	1.6m	1.6m	1.6m	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	565,459	565,459	565,459	565,459	565,459	1.3m	1.3m	900,495	440,466	267,638	246,396	2.0m	1.7m	1.7m	1,860	1,860	-	-	-
Non-distributable reserves`130/1`	-	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	1,860	110,082	110,082	92,360	50,551	23,102	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-
Reserves not available under the articles`1311`	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	565,459	563,599	563,599	563,599	563,599	1.2m	1.2m	808,134	389,915	244,536	244,536	2.0m	1.7m	1.7m	-	-	-	-	-
Profit (loss) carried forward`14`	-1.0m	-353,033	-22,219	-28,025	-217,365	190,391	316,617	334,338	376,148	403,597	-20,401	9,566	5,464	711	1.4m	744,794	-62,447	-82,512	-39,885
Provisions and deferred taxes`16`	47,225	47,225	47,225	47,225	47,225	47,225	47,225	62,225	62,225	62,225	62,225	47,225	47,225	47,225	119,225	89,225	71,225	6,000	3,000
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	15,000	15,000	15,000	15,000	-	-	-	72,000	42,000	71,225	6,000	3,000
Major repairs and maintenance`162`	-	-	-	-	-	-	-	15,000	15,000	-	-	-	-	-	-	-	-	-	-
Deferred taxes`168`	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	47,225	-	-	-
Amounts payable`17/49`	3.7m	3.8m	6.4m	2.3m	2.3m	2.3m	1.7m	2.0m	2.2m	2.0m	2.5m	2.4m	2.1m	2.3m	3.6m	2.1m	2.4m	1.2m	1.2m
Amounts payable after more than one year`17`	1.2m	2.7m	2.9m	1.4m	1.2m	1.3m	1.3m	1.5m	1.7m	1.6m	1.8m	1.9m	1.6m	1.7m	1.7m	955,035	967,824	988,778	1.0m
Financial debts`170/4`	147,962	165,797	175,963	1.4m	-	-	-	-	-	-	-	-	-	-	-	685,735	689,207	692,933	1.0m
Trade debts`175`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,143	120,786	126,307	-
Advances received on contracts in progress`176`	804,213	2.3m	2.5m	-	981,724	1.0m	833,807	890,197	948,603	1.0m	1.4m	1.5m	1.6m	1.7m	1.7m	153,156	157,831	169,538	-
Other amounts payable`178/9`	256,219	187,216	214,096	-	266,156	293,499	434,460	617,745	796,378	627,921	328,657	396,694	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	2.5m	1.2m	3.5m	946,857	1.1m	1.0m	455,917	472,705	444,788	395,528	737,388	463,727	467,846	668,724	1.9m	1.1m	1.4m	216,194	210,920
Current portion of amounts payable after more than one year`42`	376,327	262,105	193,727	102,154	144,328	208,639	249,478	237,039	230,030	195,523	260,857	324,378	64,374	61,639	213,013	158,153	151,677	136,043	127,022
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	177,959	165,543	780,792	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	780,792	-	-	-	-
Other loans`439`	-	-	-	-	-	-	-	-	-	-	-	-	177,959	165,543	-	-	-	-	-
Trade debts`44`	371,162	146,910	2.7m	247,703	70,763	64,192	55,170	67,163	65,029	99,709	153,614	-	12,582	58,930	683,454	471,206	18,636	6,712	76,232
Suppliers`440/4`	371,162	146,910	2.7m	247,703	70,763	64,192	55,170	67,163	65,029	99,709	153,614	-	12,582	58,930	683,454	471,206	18,636	6,712	76,232
Taxes, remuneration and social security`45`	3,886	-	255	14,210	8,267	3,975	26,885	49,730	14,538	6,214	4,040	2,530	2,968	35,309	35,248	32,203	12,158	8,228	7,666
Taxes`450/3`	3,886	-	255	14,210	8,267	3,975	26,885	49,730	14,538	6,214	4,040	2,530	2,968	35,309	35,248	32,203	10,600	8,228	7,666
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,558	-	-
Other amounts payable`47/48`	1.8m	751,227	666,989	582,790	843,506	763,285	124,384	118,773	135,191	94,082	318,877	136,819	209,963	347,302	163,441	455,183	1.3m	65,211	-
Accrued charges and deferred income`492/3`	-	-	649	-	-	-	-	22,500	-	-	-	-	-	-	-	-	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	634,110	-	-	-	-	-
Non-recurring operating income`76A`	-	12,430	-	3,709	-	-	-	-	-	-	-	1,086	-	72,000	-	3,839	-	2,400	-
Gross operating margin`9900`	203,715	24,216	288,040	439,707	222,104	32,312	47,491	176,815	104,187	140,331	203,967	215,519	230,831	231,499	386,536	124,310	196,836	97,284	145,541
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	431,553	-	-	-	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,522	10,142	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	264,923	261,229	247,951	225,515	176,949	172,731	143,806	140,426	137,346	136,233	127,456	121,357	112,001	102,286	302,263	66,193	86,497	82,268	76,069
Other operating charges`640/8`	8,850	8,078	5,610	5,776	8,608	5,016	5,014	14,415	2,362	6,754	5,709	9,410	21,174	6,724	8,320	8,695	8,848	17,834	11,777
Non-recurring operating charges`66A`	407,053	-	-	3,882	1.1m	6,000	-	-	15,100	-	15,012	-	244,126	255,322	30,000	18,000	18,000	3,000	3,000
Operating profit (loss)`9901`	-477,111	-245,091	34,479	204,534	36,547	-145,435	-101,330	21,974	-50,621	-2,656	70,803	84,751	97,656	122,489	75,953	37,900	91,348	-2,819	57,695
Financial income`75/76B`	7,087	-	102,400	4,021	66	88,579	573,795	533,719	300,282	542,492	14,845	269,602	334,623	448,308	694,339	862,997	52,693	27,906	11,361
Recurring financial income`75`	7,087	-	102,400	4,021	66	88,579	573,795	533,719	300,282	542,492	14,845	269,602	334,623	448,308	694,339	862,997	52,693	27,906	11,361
Financial charges`65/66B`	214,734	85,536	130,857	18,946	1.2m	69,368	82,594	87,379	89,855	90,335	96,571	101,460	90,768	96,959	90,824	55,595	94,977	67,118	56,763
Recurring financial charges`65`	214,734	85,536	130,857	18,946	58,538	63,368	82,594	87,379	89,855	90,335	96,571	101,460	90,768	96,959	90,824	55,595	94,977	67,118	56,763
Non-recurring financial charges`66B`	-	-	-	-	1.1m	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-684,758	-330,627	6,021	189,609	-1.2m	-126,224	389,871	468,315	159,806	449,501	-25,935	253,979	97,385	290,515	649,468	831,140	31,064	-42,631	9,293
Income taxes`67/77`	90	187	214	270	173	2	-	50,095	14,426	4,262	4,031	-123	2,632	127	33,938	22,040	10,998	-4	8,998
Profit (loss) for the period`9904`	-684,848	-330,815	5,807	189,339	-1.2m	-126,226	389,871	418,219	145,379	445,239	-29,966	254,101	94,753	290,388	615,530	809,100	20,066	-42,627	295
Profit (loss) for the period to be appropriated`9905`	-684,848	-330,815	5,807	189,339	-1.2m	-126,226	389,871	418,219	145,379	445,239	-29,966	254,101	94,753	290,388	615,530	809,100	20,066	-42,627	295
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.0m	-353,033	-22,219	-28,025	-959,993	190,391	724,209	794,367	548,976	424,838	-20,401	259,566	95,464	1.7m	1.4m	746,654	-62,447	-82,512	-39,885
Profit (loss) brought forward from the previous period`14P`	-353,033	-22,219	-28,025	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	742,628	-	-	-	-	-	1.7m	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	407,592	460,029	172,828	21,242	-	250,000	90,000	1.7m	-	1,860	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	17,721	41,809	27,449	21,242	-	-	-	-	-	1,860	-	-	-
To other reserves`6921`	-	-	-	-	-	-	389,871	418,219	145,379	-	-	250,000	90,000	1.7m	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	1.7m	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	1.7m	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.3	0.4	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	476	760	-	-
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Financial year	Type	Filed	Reference	Document
30-09-2024	abbreviated format	11-08-2025	2025-00380720	PDF
30-09-2023	abbreviated format	29-04-2024	2024-00071795	PDF
30-09-2022	abbreviated format	28-04-2023	2023-00076242	PDF
30-09-2021	abbreviated format	08-12-2021	2021-79700066	PDF
30-09-2020	abbreviated format	29-04-2021	2021-11900118	PDF
30-09-2019	abbreviated format	30-04-2020	2020-10700596	PDF
30-09-2018	abbreviated format	20-05-2019	2019-13700217	PDF
30-09-2017	abbreviated format	08-05-2018	2018-12400387	PDF
30-09-2016	abbreviated format	29-05-2017	2017-13700375	PDF
30-09-2015	abbreviated format	31-05-2016	2016-14500202	PDF
30-09-2014	abbreviated format	26-05-2015	2015-13200443	PDF
30-09-2013	abbreviated format	30-04-2014	2014-10900533	PDF
30-09-2012	abbreviated format	30-05-2013	2013-14000393	PDF
30-09-2011	abbreviated format	28-06-2012	2012-23500106	PDF
30-09-2010	abbreviated format	27-02-2012	2012-04900015	PDF
30-09-2009	abbreviated format	16-05-2010	2010-12100232	PDF
31-12-2008	abbreviated format	30-09-2009	2009-79200296	PDF
31-12-2007	abbreviated format	25-08-2008	2008-62400065	PDF
31-12-2006	abbreviated format	29-08-2007	2007-63800031	PDF
31-12-2005	abbreviated format	02-08-2006	2006-60100496	PDF
31-12-2004	abbreviated format	28-09-2005	2005-73500168	PDF

Line	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-212,188	16,138	282,430	430,049	213,496	27,296	42,477	162,400	86,725	133,577	198,259	206,108	209,657	224,775	378,216	104,093	177,846	79,449	133,764
Cash flow	-419,925	-69,586	253,758	414,854	-973,435	46,505	533,677	558,645	282,726	581,472	97,490	375,459	206,755	392,674	917,793	875,294	106,563	39,641	76,364
Investment in fixed assets	214,279	117,916	1.9m	233,735	788,723	303,660	49,193	92,436	38,508	114,714	95,842	185,593	141,628	415,618	1.5m	21,563	729,967	60,551	200,310
Change in cash	22,777	-462,729	421,373	16,427	60,094	-331,875	280,355	-16,640	-11,197	-55,783	73,015	-28,892	10,894	57,123	-187,462	42,233	128,438	-71,685	-
Working capital	-1.9m	-672,830	-320,058	-236,480	-589,589	546,605	2.3m	2.1m	1.9m	1.5m	1.1m	1.4m	924,205	923,452	631,147	429,075	-429,866	49,267	82,522
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	19.3%	-	-	-	-	-
Solvency	-13.7%	5.6%	8.0%	19.0%	13.4%	38.8%	64.5%	57.8%	51.7%	52.0%	41.3%	45.4%	45.7%	41.4%	27.1%	26.2%	-1.8%	-5.6%	-1.8%
Current ratio	0.26	0.42	0.91	0.75	0.45	1.53	6.10	5.45	5.17	4.71	2.56	4.11	2.98	2.38	1.34	1.38	0.70	1.23	1.39
Quick ratio	0.26	0.42	0.91	0.75	0.45	1.53	6.10	5.45	5.17	4.71	2.56	4.11	2.98	2.38	1.22	1.18	0.70	1.23	1.39
Debt to equity	-	16.66	11.41	4.18	6.31	1.55	0.54	0.71	0.91	0.90	1.39	1.18	1.16	1.39	2.60	2.71	-	-	-
ROE	-	-143.2%	1.0%	34.1%	-313.7%	-8.3%	12.1%	14.8%	6.0%	19.7%	-1.7%	12.6%	5.4%	17.4%	44.6%	105.7%	-	-	-
ROA	-20.6%	-8.0%	0.1%	6.5%	-42.2%	-3.2%	7.8%	8.6%	3.1%	10.2%	-0.7%	5.7%	2.5%	7.2%	12.1%	27.6%	0.8%	-3.7%	0.0%
Interest coverage	-0.99	0.19	2.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	87 days	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	50 days	-	-	-	-	-

Item	30-09-2024	30-09-2023	30-09-2022
Tangible fixed assets	€214,279	€117,916	€1.9m
Depreciation and write-downs of the year	€264,923	€261,229	€247,951

VDW

Annual accounts 2024

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-13.7%

Current ratio0.26

Return on assets-20.6%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on VDW

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