VDW FR
ActiveThe computed 12-month bankruptcy probability of VDW FR is 3.2% (moderate). The 2024 annual accounts show equity of €60k and a net result of €5k. Its solvency ranks better than 37% of 36376 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-25
Solvency60▲+4
Growth52
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.78 in 2023; short-term debt: 40.3% and cash: 4.4% of total assets), and 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 8.8%
2023 · €55k
2023: €55k
2023 → 2024
Total assets
€170k▼ 5.0%
2023 · €179k
2023: €179k
2023 → 2024
Net result
€5k▼ 87.9%
2023 · €40k
2023: €40k
2023 → 2024
Working capital
€2k
2023 · €-15k
2023: €-15k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€55k-€60k▲ 8.8%
Operating result€52k-€11k▼ 78.4%
Net result€40k-€5k▼ 87.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169k
Fixed assets
€99k▼ 20.9%
Current assets
€70k▲ 32.5%
Equity and liabilities €170k
Equity
€60k▲ 8.8%
Debt
€109k▼ 11.2%
The debt ratio falls from 69.0% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2023 · €62k
Cash flow
€33k▼
2023 · €50k
Solvency
35.5%▲
2023 · 31.0%
Current ratio
1.03▲
2023 · 0.78
Quick ratio
1.03▲
2023 · 0.78
Debt / equity
1.82▼
2023 · 2.23
ROE
8.1%▼
2023 · 72.9%
ROA
2.9%▼
2023 · 22.6%
Interest coverage
8.20▼
2023 · 35.16
Debt
€109k▼
2023 · €123k
Debt ≤ 1 year
€68k▲
2023 · €68k
Debt > 1 year
€41k▼
2023 · €55k
Income taxes
€2k▼
2023 · €10k
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€179k€170k▼
Formation expenses20€1k€773▼
Fixed assets21/28€124k€99k▼
Tangible fixed assets22/27€124k€99k▼
Plant, machinery and equipment23€16k€13k▼
Furniture and vehicles24€2k€1k▼
Leasing and similar rights25€107k€85k▼
Current assets29/58€53k€70k▲
Amounts receivable within one year40/41€30k€62k▲
Trade receivables40€26k€59k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€23k€7k▼
Deferred charges and accrued income490/1€547€625▲
Equity and liabilities
Total equity and liabilities10/49€179k€170k▼
Equity10/15€55k€60k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€40k€45k▲
Amounts payable17/49€123k€109k▼
Amounts payable after more than one year17€55k€41k▼
Financial debts170/4€55k€41k▼
Amounts payable within one year42/48€68k€68k▲
Current portion of amounts payable after more than one year42€22k€14k▼
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Taxes, remuneration and social security45€22k€25k▲
Taxes450/3€22k€19k▼
Remuneration and social security454/9-€6k
Other amounts payable47/48€23k€23k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€28k▲
Other operating charges640/8€75€190▲
Gross operating margin9900€62k€40k▼
Operating profit (loss)9901€52k€11k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€51k€7k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€40k€5k▼
Profit (loss) for the period to be appropriated9905€40k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€45k▲
Profit (loss) brought forward from the previous period14P-€40k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Lierneux · 1 establishment unit since 2023
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.
Jevigné 444990 LierneuxGround area
965 m²
Building footprint
125 m²
Volume, LiDAR
1,328 m³
Parcel 63045G2735/00A000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDW FR
since 20232.342.521.888
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63045G2735/00A000 | Wallonia | 965 m² | 1 · 125 m² | 8.2 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.
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BE 0475.036.219
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TERRA JOMA
BE 0771.408.732
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RenovISConcept
BE 0752.541.737
Gingelom · Eq €60k
BAT&CLEAN
BE 0564.826.050
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,561 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2023
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:frans5882@gmail.com
Phone:+32493935381