VDWACC
ActiveSummary
VDWACC has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €204,519 and a net result of €39,229. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 3337 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80=
Solvency73▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.76 in 2024; short-term debt: 41.4% and cash: 17.8% of total assets), but 51.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
48.3%
Return on assets
9.3%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-05-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
15 d late
2023
14 d late
2022
24 d late
2021
16 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 16 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€204,519▲ 23.7%
2024 · €165,290
Total assets
€423,045▲ 7.7%
2024 · €392,875
Net result
€39,229▲ 13.9%
2024 · €34,451
Working capital
€181,811▲ 27.3%
2024 · €142,834
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,344▲ 120%€18,463▼ 24.2%€45,903▲ 149%€57,143▲ 24.5%€67,700▲ 18.5%
Net result€11,308below the sector's middle half▲ 241%€8,014below the sector's middle half▼ 29.1%€27,962below the sector's middle half▲ 249%€34,451within the sector's middle half▲ 23.2%€39,229within the sector's middle half▲ 13.9%
Equity€130,928within the sector's middle half▲ 9.5%€138,942within the sector's middle half▲ 6.1%€166,904within the sector's middle half▲ 20.1%€165,290within the sector's middle half▼ 1.0%€204,519within the sector's middle half▲ 23.7%
Total assets€364,354below the sector's middle half▼ 4.5%€367,778below the sector's middle half▲ 0.9%€375,469below the sector's middle half▲ 2.1%€392,875below the sector's middle half▲ 4.6%€423,045within the sector's middle half▲ 7.7%
Debt€233,427▼ 10.9%€228,836▼ 2.0%€208,565▼ 8.9%€227,584▲ 9.1%€188,002▼ 17.4%
Working capital€172,020within the sector's middle half▲ 5.4%€177,372within the sector's middle half▲ 3.1%€182,850within the sector's middle half▲ 3.1%€142,834within the sector's middle half▼ 21.9%€181,811within the sector's middle half▲ 27.3%
Solvency35.9%within the sector's middle half▲ 4.6pp37.8%within the sector's middle half▲ 1.8pp44.5%within the sector's middle half▲ 6.7pp42.1%within the sector's middle half▼ 2.4pp48.3%within the sector's middle half▲ 6.3pp
Current ratio2.70within the sector's middle half▲ 0.012.39within the sector's middle half▼ 0.302.31within the sector's middle half▼ 0.091.76within the sector's middle half▼ 0.552.04within the sector's middle half▲ 0.28
Return on assets (ROA)3.1%within the sector's middle half▲ 2.2pp2.2%below the sector's middle half▼ 0.9pp7.4%within the sector's middle half▲ 5.3pp8.8%within the sector's middle half▲ 1.3pp9.3%within the sector's middle half▲ 0.5pp
Staff (FTE)4.9within the sector's middle half4.9within the sector's middle half=4.9within the sector's middle half=4.9within the sector's middle half=4.7within the sector's middle half▼ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €423,045
Fixed assets
€66,291 ▲ 7.8%
Current assets
€356,754 ▲ 7.6%
Equity and liabilities €423,045
Equity
€204,519 ▲ 23.7%
Provisions
€30,524
Debt
€188,002 ▼ 17.4%
Debt's share of the balance-sheet total falls from 57.9% to 44.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79,194▼
2024 · €81,436
Cash flow
€50,724▼
2024 · €58,744
Debt to equity
0.92▼
2024 · 1.38
ROE
19.2%▼
2024 · 20.8%
Interest coverage
22.47▲
2024 · 12.65
Debt ≤ 1 year
€174,943▼
2024 · €188,569
Debt > 1 year
€13,058▼
2024 · €39,015
Income taxes
€28,645▲
2024 · €16,576
Staff costs
€353,584▲
2024 · €337,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,367 | €50,529 | - | - |
| Remuneration, social security and pensions62 | €214,781 | €259,195 | €267,324 | €337,970 | €353,584 | ▲ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,965 | €32,225 | €13,914 | €24,293 | €11,494 | ▼ 52.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €30,524 | - |
| Other operating charges640/8 | €4,680 | €3,181 | €3,605 | €3,524 | €2,870 | ▼ 18.6% |
| Gross operating margin9900 | €277,770 | €313,064 | €330,746 | €422,930 | €466,173 | ▲ 10.2% |
| Operating profit (loss)9901 | €24,344 | €18,463 | €45,903 | €57,143 | €67,700 | ▲ 18.5% |
| Financial income75/76B | €757 | €124 | €27 | €321 | €3,699 | ▲ 1,051% |
| Recurring financial income75 | €757 | €124 | €27 | €321 | €3,699 | ▲ 1,051% |
| Financial charges65/66B | €6,334 | €3,876 | €2,633 | €6,438 | €3,525 | ▼ 45.2% |
| Recurring financial charges65 | €6,334 | €3,876 | €2,633 | €6,438 | €3,525 | ▼ 45.2% |
| Profit (loss) for the period before taxes9903 | €18,767 | €14,710 | €43,297 | €51,027 | €67,874 | ▲ 33.0% |
| Income taxes67/77 | €7,459 | €6,696 | €15,335 | €16,576 | €28,645 | ▲ 72.8% |
| Profit (loss) for the period9904 | €11,308 | €8,014 | €27,962 | €34,451 | €39,229 | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €11,308 | €8,014 | €27,962 | €34,451 | €39,229 | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,354 | €367,778 | €375,469 | €392,875 | €423,045 | ▲ 7.7% |
| Fixed assets21/28 | €90,879 | €63,004 | €52,589 | €61,471 | €66,291 | ▲ 7.8% |
| Intangible fixed assets21 | €7,526 | - | - | - | - | - |
| Tangible fixed assets22/27 | €82,827 | €62,478 | €52,063 | €60,976 | €65,796 | ▲ 7.9% |
| Land and buildings22 | €26,029 | €26,029 | €26,029 | €26,029 | €26,029 | = |
| Plant, machinery and equipment23 | €5,982 | €6,050 | €2,900 | €13,094 | €16,902 | ▲ 29.1% |
| Furniture and vehicles24 | €3,527 | €2,122 | €379 | €1,923 | €4,915 | ▲ 156% |
| Leasing and similar rights25 | €4,665 | - | - | - | - | - |
| Other tangible fixed assets26 | €42,623 | €28,278 | €22,756 | €19,930 | €17,950 | ▼ 9.9% |
| Financial fixed assets28 | €526 | €526 | €526 | €496 | €496 | = |
| Current assets29/58 | €273,475 | €304,774 | €322,880 | €331,403 | €356,754 | ▲ 7.6% |
| Amounts receivable after more than one year29 | €52,459 | €26,520 | €990 | - | €50,000 | - |
| Trade receivables290 | €52,459 | €26,520 | €990 | - | €50,000 | - |
| Amounts receivable within one year40/41 | €203,392 | €257,023 | €290,554 | €255,935 | €221,674 | ▼ 13.4% |
| Trade receivables40 | €203,290 | €256,187 | €286,535 | €244,111 | €208,730 | ▼ 14.5% |
| Other amounts receivable41 | €102 | €835 | €4,019 | €11,824 | €12,944 | ▲ 9.5% |
| Cash at bank and in hand54/58 | €1,301 | €3,421 | €16,255 | €65,070 | €75,315 | ▲ 15.7% |
| Deferred charges and accrued income490/1 | €16,324 | €17,811 | €15,080 | €10,399 | €9,764 | ▼ 6.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,354 | €367,778 | €375,469 | €392,875 | €423,045 | ▲ 7.7% |
| Equity10/15 | €130,928 | €138,942 | €166,904 | €165,290 | €204,519 | ▲ 23.7% |
| Contributions10/11 | €8,684 | €8,684 | €8,684 | €8,684 | €8,684 | = |
| Outside capital11 | €8,684 | €8,684 | - | - | - | - |
| Other1109/19 | €8,684 | €8,684 | - | - | - | - |
| Reserves13 | €86,120 | €94,134 | €122,096 | €120,483 | €159,712 | ▲ 32.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €34,649 | €34,649 | €34,649 | €34,649 | €34,649 | = |
| Distributable reserves133 | €49,611 | €57,625 | €87,447 | €85,833 | €125,062 | ▲ 45.7% |
| Profit (loss) carried forward14 | €36,123 | €36,123 | €36,123 | €36,123 | €36,123 | = |
| Provisions and deferred taxes16 | - | - | - | - | €30,524 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €30,524 | - |
| Other liabilities and charges164/5 | - | - | - | - | €30,524 | - |
| Amounts payable17/49 | €233,427 | €228,836 | €208,565 | €227,584 | €188,002 | ▼ 17.4% |
| Amounts payable after more than one year17 | €131,971 | €101,434 | €68,536 | €39,015 | €13,058 | ▼ 66.5% |
| Financial debts170/4 | €126,426 | €101,434 | €68,536 | €39,015 | €13,058 | ▼ 66.5% |
| Trade debts175 | €5,545 | - | - | - | - | - |
| Amounts payable within one year42/48 | €101,455 | €127,402 | €140,029 | €188,569 | €174,943 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | €44,959 | €58,589 | €43,726 | €51,825 | €51,177 | ▼ 1.2% |
| Financial debts43 | €21,484 | - | - | - | - | - |
| Credit institutions430/8 | €21,484 | - | - | - | - | - |
| Trade debts44 | €32,554 | €40,928 | €61,464 | €68,597 | €57,572 | ▼ 16.1% |
| Suppliers440/4 | €32,554 | €40,928 | €61,464 | €68,597 | €57,572 | ▼ 16.1% |
| Taxes, remuneration and social security45 | €2,459 | €27,885 | €18,839 | €49,168 | €66,193 | ▲ 34.6% |
| Taxes450/3 | €2,459 | €21,518 | €7,832 | €6,639 | €16,658 | ▲ 151% |
| Remuneration and social security454/9 | - | €6,367 | €11,007 | €42,529 | €49,535 | ▲ 16.5% |
| Other amounts payable47/48 | - | - | €16,000 | €18,980 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,308 | €8,014 | €27,962 | €34,451 | €39,229 | ▲ 13.9% |
| + Depreciation and write-downs630 | €33,965 | €32,225 | €13,914 | €24,293 | €11,494 | ▼ 52.7% |
| Operating cash flow (approximation) | €45,273 | €40,239 | €41,876 | €58,744 | €50,724 | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | -€4,350 | -€3,499 | -€33,175 | -€16,314 | ▲ 50.8% |
| Change in cash | - | €2,120 | €12,834 | €48,814 | €10,246 | ▼ 79.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
State Gazette act
General meeting · Legal form clause
Capital conversion · Reserve release
03-09
State Gazette act
Incorporation · Registered office clause
Duration · Founding capital
21-08
State Gazette act
General meeting · Other statement
Approval · Director resignation
18-08
State Gazette act
Other statement · Board composition
Board rule · Representation rule
18-08
State Gazette act
General meeting · Registered-office move
Power of attorney · Other statement
13-08
State Gazette act
General meeting · Other statement
Auditor report · Dissolution
20-07
State Gazette act
Incorporation · Founder
Partner · Founding capital
07-07
State Gazette act
General meeting · Other statement
Approval · Director resignation
19-06
State Gazette act
General meeting · Other statement
Dissolution · Director resignation
19-06
State Gazette act
General meeting · Other statement
Dissolution · Director resignation
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
19-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
Show earlier events
2025
30-09
Financial
Highest result since 2018net €39,229 ▲13.9%
Operating result €67,700, net result €39,229, both a record.
30-09
Financial
Equity above €200,000Eq €204,519 ▲23.7%
6 profitable years in a row build equity to €204,519.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 15 days late
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
30-09
Financial
Equity above €150,000Eq €166,904 ▲20.1%
4 profitable years in a row build equity to €166,904.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-09
Financial
Back to profitnet €3,316
Net result €3,316 after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
30-09
Financial
Weakest financial yearnet -€8,494
Net result drops to -€8,494, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brakel · 2 establishment units since 2004
Ground area
3,767 m²
Building footprint
421 m²
Volume, LiDAR
2,537 m³
2 parcels, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
VDWACC
since 20042.227.251.939
VDWACC
since 20042.227.252.038
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028B0984/00Y000 | Flanders | 3,179 m² | 1 · 216 m² | 6.6 m · 1 fl. |
| 41362B0604/00D000 | Flanders | 587 m² | 1 · 205 m² | 16.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500PRF56ECB001F60
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,389 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
Founded14-01-1983
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423534563
Also
9925:BE0423534563
Registered
14-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.