VDW PROJECTS
ActiveVDW PROJECTS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €798k and a net result of €289k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 95% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +36 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+56
Solvency100▲+33
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 18.67 against 0.12 in 2023), and 1.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98.8%
Return on assets
35.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
16 d early
2022
35 d early
2021
48 d early
2020
32 d early
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€798k▲ 56.6%
2023 · €509k
2018: €317k
2019: €313k
2020: €390k
2021: €426k
2022: €465k
2023: €509k
2018 → 2024
Total assets
€807k▲ 20.2%
2023 · €672k
2018: €581k
2019: €578k
2020: €654k
2021: €686k
2022: €730k
2023: €672k
2018 → 2024
Net result
€289k▲ 548%
2023 · €45k
2018: €90k
2019: €-4k
2020: €77k
2021: €35k
2022: €39k
2023: €45k
2018 → 2024
Working capital
€173k
2023 · €-143k
2018: €160k
2019: €157k
2020: €234k
2021: €269k
2022: €308k
2023: €-143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€390k-€426k▲ 9.0%€465k▲ 9.2%€509k▲ 9.6%€798k▲ 56.6%
Operating result€105k-€44k▼ 58.4%€55k▲ 25.7%€-31k€174k
Net result€77k-€35k▼ 54.6%€39k▲ 11.7%€45k▲ 13.9%€289k▲ 548%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €174k after a loss of €31k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €807k
Fixed assets
€625k▼ 4.2%
Current assets
€183k▲ 830%
Equity and liabilities €807k
Equity
€798k▲ 56.6%
Debt
€10k▼ 94.0%
The debt ratio falls from 24.2% to 1.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€194k▲
2023 · €46k
Cash flow
€310k▲
2023 · €122k
Solvency
98.8%▲
2023 · 75.8%
Current ratio
18.67▲
2023 · 0.12
Quick ratio
18.67▲
2023 · 0.12
Debt / equity
0.01▼
2023 · 0.32
ROE
36.3%▲
2023 · 8.8%
ROA
35.8%▲
2023 · 6.6%
Interest coverage
1377.09▲
2023 · 17.31
Debt
€10k▼
2023 · €162k
Debt ≤ 1 year
€10k▼
2023 · €162k
Income taxes
€36k▲
2023 · €4k
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€672k€807k▲
Fixed assets21/28€652k€625k▼
Tangible fixed assets22/27€495k€468k▼
Land and buildings22€495k€468k▼
Financial fixed assets28€157k€157k=
Current assets29/58€20k€183k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€0€32k▲
Other amounts receivable41€0€32k▲
Current investments50/53-€150k
Cash at bank and in hand54/58€20k€1k▼
Equity and liabilities
Total equity and liabilities10/49€672k€807k▲
Equity10/15€509k€798k▲
Contributions10/11€19k€19k=
Reserves13€491k€779k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€489k€777k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€162k€10k▼
Amounts payable within one year42/48€162k€10k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€251€1k▲
Suppliers440/4€251€1k▲
Taxes, remuneration and social security45€22k€0▼
Taxes450/3€22k€0▼
Other amounts payable47/48€140k€8k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A-€33
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€21k▼
Other operating charges640/8€499€2k▲
Gross operating margin9900€46k€197k▲
Operating profit (loss)9901€-31k€174k▲
Financial income75/76B€83k€152k▲
Recurring financial income75€83k€152k▲
Financial charges65/66B€3k€141▼
Recurring financial charges65€3k€141▼
Profit (loss) for the period before taxes9903€49k€325k▲
Income taxes67/77€4k€36k▲
Profit (loss) for the period9904€45k€289k▲
Profit (loss) for the period to be appropriated9905€45k€289k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€289k▲
Transfer to equity691/2€45k€288k▲
To other reserves6921€45k€288k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €289k ▲548%
Operating result €174k, net result €289k, both a record.
31-12
Financial
Liquidity times 154current ratio 18.67
Current ratio from 0.12 to 18.67; short-term debt falls from €162k to €10k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €509k ▲9.6%
4 profitable years in a row build equity to €509k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €77k
Net result €77k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-4k ▼104%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waregem · 1 establishment unit since 2001
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.
Hooistraat 748792 WaregemGround area
3,261 m²
Building footprint
357 m²
Volume, LiDAR
1,976 m³
Parcel 34010A0713/00B000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hooistraat 74, 8792 Waregem
since 20012.093.089.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0713/00B000 | Flanders | 3,261 m² | 1 · 357 m² | 9.4 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.
Similar companies · same sector, comparable size
JOE INVEST
BE 0803.719.729
Kampenhout · Eq €798k
IMMO GELU
BE 0449.999.727
Brecht · Eq €797k
MAMOVA
BE 0823.807.835
Anzegem · Eq €798k
IMMO CALECHE
BE 0804.486.722
Sint-Truiden · Eq €797k
ANDRENEL
BE 0414.218.407
Mont-de-l'Enclus · Eq €799k
Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 4,915 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2000
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.