VHD
ActiveVHD has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+5
Solvency69▲+25
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.08 in 2024; short-term debt: 34.2% and cash: 43.6% of total assets), but 55.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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
44.2%
Return on assets
30.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €33k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
58 d late
2022
29 d late
2021
11 d late
2020
31 d late
2019
1 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 171%
2024 · €12k
2018: €19k
2019: €15k
2020: €10k
2021: €-386
2022: €1k
2023: €497
2024: €12k
2018 → 2025
Total assets
€76k▲ 16.0%
2024 · €65k
2018: €48k
2019: €47k
2020: €18k
2021: €19k
2022: €30k
2023: €65k
2024: €65k
2018 → 2025
Net result
€23k▲ 68.9%
2024 · €13k
2018: €6k
2019: €6k
2020: €-5k
2021: €-11k
2022: €2k
2023: €-972
2024: €13k
2018 → 2025
Working capital
€24k▲ 974%
2024 · €2k
2018: €18k
2019: €14k
2020: €10k
2021: €-629
2022: €1k
2023: €-11k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-386-€1k€497▼ 66.2%€12k▲ 2,382%€33k▲ 171%
Operating result€-9k-€6k€2k▼ 72.7%€21k▲ 1,196%€32k▲ 53.2%
Net result€-11k-€2k€-972€13k€23k▲ 68.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€26k▼ 25.6%
Current assets
€50k▲ 62.5%
Equity and liabilities €76k
Equity
€33k▲ 171%
Debt
€42k▼ 20.2%
The debt ratio falls from 81.1% to 55.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €31k
Cash flow
€32k▲
2024 · €24k
Solvency
44.2%▲
2024 · 18.9%
Current ratio
1.93▲
2024 · 1.08
Quick ratio
1.93▲
2024 · 1.08
Debt / equity
1.26▼
2024 · 4.29
ROE
68.1%▼
2024 · 109.5%
ROA
30.1%▲
2024 · 20.7%
Interest coverage
23.39▲
2024 · 15.38
Debt
€42k▼
2024 · €53k
Debt ≤ 1 year
€26k▼
2024 · €29k
Debt > 1 year
€16k▼
2024 · €24k
Income taxes
€7k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€65k€76k▲
Fixed assets21/28€34k€26k▼
Tangible fixed assets22/27€34k€26k▼
Plant, machinery and equipment23€716€463▼
Furniture and vehicles24€62€0▼
Leasing and similar rights25€34k€25k▼
Current assets29/58€31k€50k▲
Amounts receivable within one year40/41€12k€7k▼
Trade receivables40€5k€5k▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€18k€33k▲
Deferred charges and accrued income490/1€715€10k▲
Equity and liabilities
Total equity and liabilities10/49€65k€76k▲
Equity10/15€12k€33k▲
Contributions10/11€8k€8k=
Reserves13-€10k
Distributable reserves133-€10k
Profit (loss) carried forward14€4k€15k▲
Amounts payable17/49€53k€42k▼
Amounts payable after more than one year17€24k€16k▼
Financial debts170/4€24k€16k▼
Amounts payable within one year42/48€29k€26k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€7k€12k▲
Other amounts payable47/48€8k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€946€1k▲
Gross operating margin9900€32k€42k▲
Operating profit (loss)9901€21k€32k▲
Financial income75/76B€7€0▼
Recurring financial income75€7€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€19k€30k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€13k€23k▲
Profit (loss) for the period to be appropriated9905€13k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€27k▲
Profit (loss) brought forward from the previous period14P€-8k€4k▲
Transfer to equity691/2-€10k
To other reserves6921-€10k
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €23k ▲68.9%
Operating result €32k, net result €23k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Orp-Jauche · 1 establishment unit since 2011
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.
Rue de la Batte(J) 221350 Orp-JaucheGround area
615 m²
Building footprint
85 m²
Volume, LiDAR
602 m³
Parcel 25046B0527/00G000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VHD
since 20112.199.218.642
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25046B0527/00G000 | Wallonia | 615 m² | 1 · 85 m² | 8.4 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.
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2011
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.