Summary
VEXDO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €15,680 and a net result of €1,349. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 9872 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
5 d early
2022
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€15,680▲ 9.4%
2023 · €14,330
Net result
€1,349▲ 51.6%
2023 · €890
Total assets
€48,179▲ 46.7%
2023 · €32,836
Solvency
32.5%▼ 11.1pp
2023 · 43.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line202220232024
Operating result€18,304-€5,592▼ 69.5%€5,826▲ 4.2%
Net result€10,940within the sector's middle half-€890below the sector's middle half▼ 91.9%€1,349below the sector's middle half▲ 51.6%
Equity€13,440below the sector's middle half-€14,330below the sector's middle half▲ 6.6%€15,680below the sector's middle half▲ 9.4%
Total assets€29,270below the sector's middle half-€32,836below the sector's middle half▲ 12.2%€48,179below the sector's middle half▲ 46.7%
Debt€15,830-€18,506▲ 16.9%€32,500▲ 75.6%
Working capital€13,113within the sector's middle half-€13,160within the sector's middle half▲ 0.4%€16,400within the sector's middle half▲ 24.6%
Solvency45.9%within the sector's middle half-43.6%within the sector's middle half▼ 2.3pp32.5%within the sector's middle half▼ 11.1pp
Current ratio1.90within the sector's middle half-1.76within the sector's middle half▼ 0.141.54within the sector's middle half▼ 0.22
Return on assets (ROA)37.4%above the sector's middle half-2.7%within the sector's middle half▼ 34.7pp2.8%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 2024; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,179
Fixed assets
€1,309 ▼ 45.9%
Current assets
€46,871 ▲ 54.1%
Equity and liabilities €48,179
Equity
€15,680 ▲ 9.4%
Debt
€32,500 ▲ 75.6%
Debt's share of the balance-sheet total rises from 56.4% to 67.5%. Equity and debt are higher.
Key figures and ratios
ROE
8.6%▲
2023 · 6.2%
Debt ≤ 1 year
€30,470▲
2023 · €17,256
Debt > 1 year
€450
Income taxes
€1,456▼
2023 · €2,090
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €256 | €659 | €1,112 | ▲ 68.7% |
| Other operating charges640/8 | €2,031 | €1,279 | €1,360 | ▲ 6.3% |
| Gross operating margin9900 | €20,591 | €7,530 | €8,298 | ▲ 10.2% |
| Operating profit (loss)9901 | €18,304 | €5,592 | €5,826 | ▲ 4.2% |
| Financial income75/76B | €66 | €90 | €10 | ▼ 89.4% |
| Recurring financial income75 | €66 | €90 | €10 | ▼ 89.4% |
| Financial charges65/66B | €2,320 | €2,702 | €3,030 | ▲ 12.2% |
| Recurring financial charges65 | €2,320 | €2,702 | €3,030 | ▲ 12.2% |
| Profit (loss) for the period before taxes9903 | €16,050 | €2,980 | €2,805 | ▼ 5.9% |
| Income taxes67/77 | €5,110 | €2,090 | €1,456 | ▼ 30.3% |
| Profit (loss) for the period9904 | €10,940 | €890 | €1,349 | ▲ 51.6% |
| Profit (loss) for the period to be appropriated9905 | €10,940 | €890 | €1,349 | ▲ 51.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €29,270 | €32,836 | €48,179 | ▲ 46.7% |
| Fixed assets21/28 | €1,577 | €2,421 | €1,309 | ▼ 45.9% |
| Tangible fixed assets22/27 | €1,577 | €2,421 | €1,309 | ▼ 45.9% |
| Furniture and vehicles24 | €1,577 | €2,421 | €1,309 | ▼ 45.9% |
| Current assets29/58 | €27,693 | €30,416 | €46,871 | ▲ 54.1% |
| Amounts receivable within one year40/41 | €9,425 | €20,314 | €40,074 | ▲ 97.3% |
| Trade receivables40 | €7,522 | €18,804 | €39,834 | ▲ 112% |
| Other amounts receivable41 | €1,903 | €1,510 | €240 | ▼ 84.1% |
| Cash at bank and in hand54/58 | €17,771 | €8,748 | €6,712 | ▼ 23.3% |
| Deferred charges and accrued income490/1 | €497 | €1,353 | €85 | ▼ 93.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €29,270 | €32,836 | €48,179 | ▲ 46.7% |
| Equity10/15 | €13,440 | €14,330 | €15,680 | ▲ 9.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €10,940 | €11,830 | €13,180 | ▲ 11.4% |
| Distributable reserves133 | €10,940 | €11,830 | €13,180 | ▲ 11.4% |
| Amounts payable17/49 | €15,830 | €18,506 | €32,500 | ▲ 75.6% |
| Amounts payable after more than one year17 | - | - | €450 | - |
| Financial debts170/4 | - | - | €450 | - |
| Amounts payable within one year42/48 | €14,580 | €17,256 | €30,470 | ▲ 76.6% |
| Current portion of amounts payable after more than one year42 | - | - | €5,237 | - |
| Trade debts44 | €2,101 | €2,512 | €1,771 | ▼ 29.5% |
| Suppliers440/4 | €2,101 | €2,512 | €1,771 | ▼ 29.5% |
| Advances received on contracts in progress46 | - | - | €7,121 | - |
| Taxes, remuneration and social security45 | €12,479 | €14,744 | €15,131 | ▲ 2.6% |
| Taxes450/3 | €12,479 | €14,744 | €12,631 | ▼ 14.3% |
| Remuneration and social security454/9 | - | - | €2,500 | - |
| Other amounts payable47/48 | - | - | €1,209 | - |
| Accrued charges and deferred income492/3 | €1,250 | €1,250 | €1,580 | ▲ 26.4% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,940 | €890 | €1,349 | ▲ 51.6% |
| + Depreciation and write-downs630 | €256 | €659 | €1,112 | ▲ 68.7% |
| Operating cash flow (approximation) | €11,196 | €1,549 | €2,461 | ▲ 58.9% |
| Investment in fixed assets (approximation) | - | -€1,503 | €0 | ▲ 100% |
| Change in cash | - | -€9,023 | -€2,036 | ▲ 77.4% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €890 ▼91.9%
Net result drops to €890, the lowest in the series; recovery starts the following year.
03-07
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, Leopoldsburg · 1 establishment unit since 2022
Ground area
523 m²
Building footprint
95 m²
Volume, LiDAR
711 m³
Parcel 71034A1484/00A000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VEXDO
since 20222.330.042.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A1484/00A000 | Flanders | 523 m² | 1 · 94 m² | 9.8 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,197 EUR awarded · 1,197 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,197 EUR | 1,197 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 6,563 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66210Risk and damage evaluation
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784303990
Also
9925:BE0784303990
Registered
28-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.