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VDW Projects

Active
Private limited companyfounded 20241 yr activeGommerijnstraat 19, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 1015.712.833
Summary

VDW Projects has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,339 and a net result of €33,339. Its solvency ranks better than 33% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes
Profitability100
Solvency57
Growth-
Track record67
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.83; short-term debt: 28.6% and cash: 47.2% of total assets), but 68.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
31.8%
Return on assets
29.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VDW Projects was incorporated on 29 October 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€36,339
Total assets
€114,376
Net result
€33,339
Working capital
€27,015

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €114,376
Fixed assets €54,651
Current assets €59,725
Equity and liabilities €114,376
Equity €36,339
Debt €78,037
Debt finances 68.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€60,259
Cash flow
€45,019
Current ratio
1.83
Debt to equity
2.15
ROE
91.7%
ROA
29.1%
Interest coverage
19.23
Debt ≤ 1 year
€32,711
Debt > 1 year
€45,327
Income taxes
€12,554

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,279 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€114,376
Fixed assets21/28€54,651
Tangible fixed assets22/27€54,651
Land and buildings22€25,284
Plant, machinery and equipment23€1,664
Furniture and vehicles24€22,757
Other tangible fixed assets26€4,947
Current assets29/58€59,725
Amounts receivable within one year40/41€4,506
Trade receivables40€4,227
Other amounts receivable41€279
Cash at bank and in hand54/58€53,975
Deferred charges and accrued income490/1€1,244
Equity and liabilities
Total equity and liabilities10/49€114,376
Equity10/15€36,339
Contributions10/11€3,000
Reserves13€33,339
Distributable reserves133€33,339
Amounts payable17/49€78,037
Amounts payable after more than one year17€45,327
Financial debts170/4€45,327
Amounts payable within one year42/48€32,711
Current portion of amounts payable after more than one year42€4,745
Trade debts44€2,270
Suppliers440/4€2,270
Taxes, remuneration and social security45€14,875
Taxes450/3€13,049
Remuneration and social security454/9€1,826
Other amounts payable47/48€10,821
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,679
Other operating charges640/8€1,191
Gross operating margin9900€61,449
Operating profit (loss)9901€48,579
Financial income75/76B€447
Recurring financial income75€447
Financial charges65/66B€3,134
Recurring financial charges65€3,134
Profit (loss) for the period before taxes9903€45,893
Income taxes67/77€12,554
Profit (loss) for the period9904€33,339
Profit (loss) for the period to be appropriated9905€33,339
Appropriation of the result
Profit (loss) to be appropriated9906€33,339
Transfer to equity691/2€33,339
To other reserves6921€33,339

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,679
Other operating charges640/8€1,191
Gross operating margin9900€61,449
Operating profit (loss)9901€48,579
Financial income75/76B€447
Recurring financial income75€447
Financial charges65/66B€3,134
Recurring financial charges65€3,134
Profit (loss) for the period before taxes9903€45,893
Income taxes67/77€12,554
Profit (loss) for the period9904€33,339
Profit (loss) for the period to be appropriated9905€33,339
Line2025
Assets
Total assets20/58€114,376
Fixed assets21/28€54,651
Tangible fixed assets22/27€54,651
Land and buildings22€25,284
Plant, machinery and equipment23€1,664
Furniture and vehicles24€22,757
Other tangible fixed assets26€4,947
Current assets29/58€59,725
Amounts receivable within one year40/41€4,506
Trade receivables40€4,227
Other amounts receivable41€279
Cash at bank and in hand54/58€53,975
Deferred charges and accrued income490/1€1,244
Equity and liabilities
Total equity and liabilities10/49€114,376
Equity10/15€36,339
Contributions10/11€3,000
Reserves13€33,339
Distributable reserves133€33,339
Amounts payable17/49€78,037
Amounts payable after more than one year17€45,327
Financial debts170/4€45,327
Amounts payable within one year42/48€32,711
Current portion of amounts payable after more than one year42€4,745
Trade debts44€2,270
Suppliers440/4€2,270
Taxes, remuneration and social security45€14,875
Taxes450/3€13,049
Remuneration and social security454/9€1,826
Other amounts payable47/48€10,821
Line2025
Profit (loss) for the period9904€33,339
+ Depreciation and write-downs630€11,679
Operating cash flow (approximation)€45,019

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Heist-op-den-Berg · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,726 m²
Building footprint
158 m²
Volume, LiDAR
540 m³
Parcel 12322H0718/00M000, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VDW Projects
Gommerijnstraat 19, 2220 Heist-op-den-BergSpecialised construction activities
since 20242.365.792.980
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12322H0718/00M000 Flanders 1,726 m² 1 · 158 m² 6.0 m · 1 fl.
Linked by address, not proof of ownership
Good to know
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

Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 5,848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded29-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail brent.van.den.wijngaert@hotmail.comHeist-op-den-Berg
Phone 0496/406299Heist-op-den-Berg
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015712833
Also 9925:BE1015712833
Registered 02-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.