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VDW PROJECTS

Active
Private limited companyfounded 2000active for 25 yearsHooistraat 74, 8792 Waregem, BelgiumKBO/BCE: BE 0473.320.507

From the official registers: KBO 25 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

VDW PROJECTS has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €789,811 and a net result of -€6,967. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 95% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 22-11-2000 Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
Establishment unit
2.093.089.556 8792 Waregem, since 27-03-2001
Financial year end
31 December
Peppol
Reachable since 10-09-2025

Board and ownership

Board
  • Devos EthelDirector

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€13,632
▼ 93.1%
Turnover
≈ €37,000
estimated
Loss
€6,967
Equity
€789,811
▼ 1.0%
Total assets
€805,905
▼ 0.2%
Filed on 18-06-2026, 43 days before the deadline
Score breakdownraises riskLiquidity: current ratio 13.01, cash €18,468Loss of €6,967 (financial year 2025)lowers riskSize: total assets €805,905Equity €789,811 (98.0% of total assets)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 98.0% of total assets
Liquidity 53+3
short-term debt 1.9% · cash 2.3%
Profitability 68-32
return on assets -0.9%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.2%▼ -0.4 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.5%▲ +0.1 percentage points vs 08-2026 10-2026: 0.1%▼ -0.4 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 13.01 (18.67 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 2.3% of total assets. 2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 61% on liquidity, 54% on profitability and 41% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €805,905
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €789,811 (98.0% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 13.01, cash €18,468
NBB · annual accounts
raises risk · Loss of €6,967 (financial year 2025)
NBB · annual accounts
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
31 days early
2023
16 days early
2022
35 days early
2021
48 days early
2020
32 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €289,164 in 2024 -€6,967 View
  • Positive: Higher solvency than 95% of companies in real estatesector median 29.0% · 17,119 companies 98.0% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Comparable companies

These companies have the same main activity as VDW PROJECTS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €739,000 and €946,000, founded between 1992 and 2001.

CompanyTotal assetsGross margin
VDW PROJECTS Waregem€805,905€13,632
ZEVEN TOMMEN Zaventem€841,246€14,303
HERLITZ Brussel€818,338€11,718
BELIAN Mons€945,721€13,313
IMMO PAQUE-WARNIER Awans€827,826€17,867
Peter Wouters Wuustwezel€778,403€17,628
KAPELWIJK Knokke-Heist€739,129€13,934
Full comparison

Documents

Annual accounts at the NBB

All 25 annual accounts

Articles and registers

Key facts about VDW PROJECTS

What is the company number of VDW PROJECTS?
The company number of VDW PROJECTS is 0473.320.507. The VAT number is the same number with BE in front: BE 0473.320.507.
Where is VDW PROJECTS based?
The registered office is at Hooistraat 74, 8792 Waregem.Company details
What does VDW PROJECTS do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of VDW PROJECTS?
The legal form of VDW PROJECTS is Private limited company (BV).
When was VDW PROJECTS founded?
VDW PROJECTS was founded on 22-11-2000.
Is VDW PROJECTS still active?
Yes, VDW PROJECTS is an active enterprise in the KBO register.
What is the turnover of VDW PROJECTS?
The turnover in financial year 2025 is ≈ €37,000. This figure is estimated from the gross margin of €13,632 and 34 comparable companies (NACE 68201). It probably lies between €24,000 and €59,000. It is a rough estimate.Financials
Is VDW PROJECTS profitable?
In financial year 2025, VDW PROJECTS made a loss of €6,967.
Where can I find the annual accounts of VDW PROJECTS?
VDW PROJECTS filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of VDW PROJECTS due?
VDW PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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