VDW Bikes
ActiveVDW Bikes has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348k and a net result of €833. Equity is shrinking by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▲+1
Solvency24▼-10
Growth32=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.89 in 2024), and 91.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
8.2%
Return on assets
0%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7921 sector peers (2025).
NBB · sector comparisonPosition among 7921 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
45 d early
2024
46 d early
2023
41 d early
2022
40 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€348k▲ 0.2%
2024 · €347k
2022: €1.00M
2023: €395k
2024: €347k
2022 → 2025
Total assets
€4.27M▼ 38.9%
2024 · €6.98M
2022: €5.14M
2023: €5.19M
2024: €6.98M
2022 → 2025
Net result
€833
2024 · €-48k
2022: €3k
2023: €-608k
2024: €-48k
2022 → 2025
Working capital
€1.08M▼ 66.6%
2024 · €3.24M
2022: €883k
2023: €1.58M
2024: €3.24M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1.00M-€395k▼ 60.6%€347k▼ 12.2%€348k▲ 0.2%
Operating result€59k-€-476k€-579k▼ 21.7%€-1.36M▼ 135%
Net result€3k-€-608k€-48k▲ 92.1%€833
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.36M in 2025 against €579k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.27M
Fixed assets
€28k▼ 77.6%
Current assets
€4.24M▼ 38.2%
Equity and liabilities €4.27M
Equity
€348k▲ 0.2%
Debt
€3.92M▼ 40.9%
The debt ratio falls from 95.0% to 91.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€-1.25M▼
2024 · €-467k
Cash flow
€108k▲
2024 · €63k
Solvency
8.2%▲
2024 · 5.0%
Current ratio
1.34▼
2024 · 1.89
Quick ratio
0.35▲
2024 · 0.34
Debt / equity
11.27▼
2024 · 19.12
ROE
0.2%▲
2024 · -13.9%
ROA
0.0%▲
2024 · -0.7%
Interest coverage
-4.27▼
2024 · -1.73
Debt
€3.92M▼
2024 · €6.64M
Debt ≤ 1 year
€3.16M▼
2024 · €3.62M
Debt > 1 year
€750k▼
2024 · €3.02M
Income taxes
€296▼
2024 · €355
Staff costs
€507k▼
2024 · €579k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6.98M€4.27M▼
Fixed assets21/28€126k€28k▼
Intangible fixed assets21€117k€17k▼
Tangible fixed assets22/27€10k€12k▲
Plant, machinery and equipment23€8k€11k▲
Furniture and vehicles24€1k€774▼
Current assets29/58€6.86M€4.24M▼
Stocks and contracts in progress3€5.61M€3.12M▼
Stocks30/36€5.61M€3.12M▼
Amounts receivable within one year40/41€976k€829k▼
Trade receivables40€973k€828k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€264k€281k▲
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€6.98M€4.27M▼
Equity10/15€347k€348k▲
Contributions10/11€1.00M€1.00M=
Profit (loss) carried forward14€-653k€-652k▲
Amounts payable17/49€6.64M€3.92M▼
Amounts payable after more than one year17€3.02M€750k▼
Financial debts170/4€17k-
Other amounts payable178/9€3.00M€750k▼
Amounts payable within one year42/48€3.62M€3.16M▼
Current portion of amounts payable after more than one year42€108k€17k▼
Financial debts43€2.75M€2.75M=
Credit institutions430/8€2.75M€2.75M=
Trade debts44€579k€285k▼
Suppliers440/4€579k€285k▼
Taxes, remuneration and social security45€182k€109k▼
Taxes450/3€68k€64k▼
Remuneration and social security454/9€114k€45k▼
Accrued charges and deferred income492/3-€10k
Income statement
Code20242025
Remuneration, social security and pensions62€579k€507k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€107k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€58k€390k▲
Other operating charges640/8€43k€22k▼
Gross operating margin9900€213k€-334k▼
Operating profit (loss)9901€-579k€-1.36M▼
Financial income75/76B€802k€1.65M▲
Recurring financial income75€2k€4k▲
Non-recurring financial income76B€800k€1.65M▲
Financial charges65/66B€271k€294k▲
Recurring financial charges65€271k€294k▲
Profit (loss) for the period before taxes9903€-48k€1k▲
Income taxes67/77€355€296▼
Profit (loss) for the period9904€-48k€833▲
Profit (loss) for the period to be appropriated9905€-48k€833▲
Appropriation of the result
Profit (loss) to be appropriated9906€-653k€-652k▲
Profit (loss) brought forward from the previous period14P€-605k€-653k▼
Social balance
Average headcount (FTE)90877.77.0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Back to profitnet €833
Net result €833 after 2 loss-making years.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-608k ▼19926%
Net result drops to €-608k, the lowest in the series; recovery starts the following year.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-02-2024
Resigned as Daily management
Location & real-estate footprint
Registered office, Wijnegem · 1 establishment unit since 2020
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.
's Gravenwezelsteenweg 592110 WijnegemGround area
1.1 ha
Building footprint
1,041 m²
Volume, LiDAR
7,640 m³
2 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDW Bikes
since 20202.306.019.404
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0686/00F000 | Flanders | 8,706 m² | 1 · 524 m² | 12.9 m · 2 fl. |
| 11372A0333/00E000 | Flanders | 2,196 m² | 1 · 517 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 201 companies in sector 46495 we hold annual accounts for 105. 82 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2020
Fiscal year end30-06
Activities, NACEBEL
46495Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.