VDWpro
ActiveSummary
The computed 12-month bankruptcy probability of VDWpro is 1.7% (moderate). The 2025 annual accounts show equity of €24,587 and a net result of €1,751. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 28% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-23
Solvency33▼-67
Growth52=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 6.22 in 2024; short-term debt: 60.3% and cash: 0.3% of total assets), and 92.4% 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 · 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
7.6%
Return on assets
0.5%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
58 d early
2024
30 d early
2023
29 d early
2022
13 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€24,587▼ 36.5%
2024 · €38,719
Total assets
€323,103▲ 600%
2024 · €46,134
Net result
€1,751▼ 20.2%
2024 · €2,195
Working capital
-€10,711
2024 · €38,719
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2022202320242025
Operating result€10,061-€35,150▲ 249%€5,267▼ 85.0%€7,546▲ 43.3%
Net result€5,932within the sector's middle half-€25,592above the sector's middle half▲ 331%€2,195within the sector's middle half▼ 91.4%€1,751within the sector's middle half▼ 20.2%
Equity€10,932within the sector's middle half-€36,524within the sector's middle half▲ 234%€38,719within the sector's middle half▲ 6.0%€24,587within the sector's middle half▼ 36.5%
Total assets€22,102below the sector's middle half-€52,253below the sector's middle half▲ 136%€46,134below the sector's middle half▼ 11.7%€323,103within the sector's middle half▲ 600%
Debt€11,170-€15,729▲ 40.8%€7,415▼ 52.9%€298,516▲ 3,926%
Working capital€10,249within the sector's middle half-€36,191within the sector's middle half▲ 253%€38,719within the sector's middle half▲ 7.0%-€10,711below the sector's middle half
Solvency49.5%within the sector's middle half-69.9%above the sector's middle half▲ 20.4pp83.9%above the sector's middle half▲ 14.0pp7.6%within the sector's middle half▼ 76.3pp
Current ratio1.92within the sector's middle half-3.30above the sector's middle half▲ 1.386.22above the sector's middle half▲ 2.920.95within the sector's middle half▼ 5.28
Return on assets (ROA)26.8%above the sector's middle half-49.0%above the sector's middle half▲ 22.1pp4.8%within the sector's middle half▼ 44.2pp0.5%within the sector's middle half▼ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €323,103
Fixed assets
€138,933
Current assets
€184,169
Equity and liabilities €323,103
Equity
€24,587 ▼ 36.5%
Debt
€298,516 ▲ 3,926%
Debt's share of the balance-sheet total rises from 16.1% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,215▲
2024 · €5,600
Cash flow
€5,420▲
2024 · €2,527
Debt to equity
12.14▲
2024 · 0.19
ROE
7.1%▲
2024 · 5.7%
Interest coverage
3.51▼
2024 · 5.63
Debt ≤ 1 year
€194,881▲
2024 · €7,415
Debt > 1 year
€103,635
Income taxes
€2,602▲
2024 · €2,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.0%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,136 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €369 | €351 | €333 | €3,669 | ▲ 1,003% |
| Other operating charges640/8 | €355 | €272 | €958 | €4,769 | ▲ 398% |
| Gross operating margin9900 | €10,785 | €35,772 | €6,558 | €15,984 | ▲ 144% |
| Operating profit (loss)9901 | €10,061 | €35,150 | €5,267 | €7,546 | ▲ 43.3% |
| Financial income75/76B | €0 | €6 | €9 | €1 | ▼ 91.7% |
| Recurring financial income75 | €0 | €6 | €9 | €1 | ▼ 91.7% |
| Financial charges65/66B | €686 | €1,149 | €994 | €3,194 | ▲ 221% |
| Recurring financial charges65 | €686 | €1,149 | €994 | €3,194 | ▲ 221% |
| Profit (loss) for the period before taxes9903 | €9,376 | €34,006 | €4,282 | €4,353 | ▲ 1.7% |
| Income taxes67/77 | €3,444 | €8,414 | €2,087 | €2,602 | ▲ 24.7% |
| Profit (loss) for the period9904 | €5,932 | €25,592 | €2,195 | €1,751 | ▼ 20.2% |
| Profit (loss) for the period to be appropriated9905 | €5,932 | €25,592 | €2,195 | €1,751 | ▼ 20.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €22,102 | €52,253 | €46,134 | €323,103 | ▲ 600% |
| Fixed assets21/28 | €684 | €333 | €0 | €138,933 | - |
| Tangible fixed assets22/27 | €684 | €333 | €0 | €138,933 | - |
| Land and buildings22 | - | - | - | €130,356 | - |
| Furniture and vehicles24 | €684 | €333 | €0 | €8,578 | - |
| Current assets29/58 | €21,419 | €51,921 | €46,134 | €184,169 | ▲ 299% |
| Amounts receivable within one year40/41 | €20,919 | €50,935 | €26,206 | €182,815 | ▲ 598% |
| Trade receivables40 | €20,425 | €48,670 | €21,712 | €172,103 | ▲ 693% |
| Other amounts receivable41 | €494 | €2,265 | €4,495 | €10,712 | ▲ 138% |
| Cash at bank and in hand54/58 | €499 | €985 | €19,697 | €918 | ▼ 95.3% |
| Deferred charges and accrued income490/1 | - | - | €230 | €436 | ▲ 89.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €22,102 | €52,253 | €46,134 | €323,103 | ▲ 600% |
| Equity10/15 | €10,932 | €36,524 | €38,719 | €24,587 | ▼ 36.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €5,932 | €5,932 | €31,524 | €19,587 | ▼ 37.9% |
| Distributable reserves133 | €5,932 | €5,932 | €31,524 | €19,587 | ▼ 37.9% |
| Profit (loss) carried forward14 | - | €25,592 | €2,195 | €0 | ▼ 100% |
| Amounts payable17/49 | €11,170 | €15,729 | €7,415 | €298,516 | ▲ 3,926% |
| Amounts payable after more than one year17 | - | - | - | €103,635 | - |
| Financial debts170/4 | - | - | - | €103,635 | - |
| Amounts payable within one year42/48 | €11,170 | €15,729 | €7,415 | €194,881 | ▲ 2,528% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,578 | - |
| Trade debts44 | €11,151 | €1,478 | €226 | €145,437 | ▲ 64,335% |
| Suppliers440/4 | €123 | €1,478 | €226 | €145,437 | ▲ 64,335% |
| Bills of exchange payable441 | €11,028 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €14,252 | €7,189 | €9,865 | ▲ 37.2% |
| Taxes450/3 | - | €11,773 | €7,189 | €7,347 | ▲ 2.2% |
| Remuneration and social security454/9 | - | €2,478 | €0 | €2,518 | - |
| Other amounts payable47/48 | €19 | - | - | €30,000 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,932 | €25,592 | €2,195 | €1,751 | ▼ 20.2% |
| + Depreciation and write-downs630 | €369 | €351 | €333 | €3,669 | ▲ 1,003% |
| Operating cash flow (approximation) | €6,301 | €25,943 | €2,527 | €5,420 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€142,602 | - |
| Change in cash | - | €486 | €18,712 | -€18,779 | ▼ 200% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €1,751 ▼20.2%
Net result drops to €1,751, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €25,592 ▲331%
Operating result €35,150, net result €25,592, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB 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, Sint-Katelijne-Waver · 1 establishment unit since 2021
Ground area
718 m²
Building footprint
111 m²
Parcel 12027A0339/00K000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Bosstraat 57 A, 2861 Sint-Katelijne-Waver
since 20212.325.224.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027A0339/00K000 | Flanders | 718 m² | 1 · 111 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 720 EUR awarded · 720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 720 EUR | 720 EUR |
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Of 380 companies in sector 47529 we hold annual accounts for 271. 162 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
Founded30-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47529Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777888629
Also
9925:BE0777888629
Registered
20-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.