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VIDIWE

Active
Public limited companyfounded 200323 yrs activeBisschopsdreef 53, 8310 Brugge, BelgiumKBO/BCE: BE 0859.790.875
Summary

VIDIWE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €748,493 and a net result of €23,615. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 19.81 against 18.02 in 2023; short-term debt: 1.7% and cash: 24.4% of total assets), and 1.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
98.3%
Return on assets
3.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 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 filings
Deviation from the deadline
2025
not confirmed
2024
62 d late
2023
27 d late
2022
14 d early
2021
2 d early
2020
30 d late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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

On 28 July 2003, VIDIWE was incorporated.1 Total assets went from EUR 1.1 million in 2018 to EUR 761,651 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€748,493▲ 3.3%
2023 · €724,878
Total assets
€761,651▲ 3.3%
2023 · €737,133
Net result
€23,615▲ 22.1%
2023 · €19,346
Working capital
€240,288▲ 18.1%
2023 · €203,466
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€18,683-€11,314▲ 39.4%-€861▲ 92.4%€20,062€26,601▲ 32.6%
Net result-€23,163-€12,503▲ 46.0%-€1,519▲ 87.8%€19,346€23,615▲ 22.1%
Equity€719,555▼ 3.1%€707,052▼ 1.7%€705,532▼ 0.2%€724,878▲ 2.7%€748,493▲ 3.3%
Total assets€741,288▼ 54.5%€713,590▼ 3.7%€713,884=€737,133▲ 3.3%€761,651▲ 3.3%
Debt€21,733▼ 97.6%€6,538▼ 69.9%€8,351▲ 27.7%€12,255▲ 46.8%€13,159▲ 7.4%
Working capital€100,211▲ 11.2%€130,303▲ 30.0%€160,825▲ 23.4%€203,466▲ 26.5%€240,288▲ 18.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
  • 2020 Total assets -55% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2020: -€18,683-€18,683Net result 2020: -€23,163-€23,163Operating result 2021: -€11,314-€11,314Net result 2021: -€12,503-€12,503Operating result 2022: -€861-€861Net result 2022: -€1,519-€1,519Operating result 2023: €20,062€20,062Net result 2023: €19,346€19,346Operating result 2024: €26,601€26,601Net result 2024: €23,615€23,61520202021202220232024-€10,000€0€10,000€20,000€30,000Operating result 2022: -€861-€861Net result 2022: -€1,519-€1,520Operating result 2023: €20,062€20,100Net result 2023: €19,346€19,300Operating result 2024: €26,601€26,600Net result 2024: €23,615€23,600202220232024
The operating result has risen four years in a row; 2024 is 33% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €761,651
Fixed assets €508,592 ▼ 2.5%
Current assets €253,060 ▲ 17.5%
Equity and liabilities €761,651
Equity €748,493 ▲ 3.3%
Debt €13,159 ▲ 7.4%
Debt's share of the balance-sheet total rises from 1.7% to 1.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€46,883▼
2023 · €48,712
Cash flow
€43,897▼
2023 · €47,996
Current ratio
19.81▲
2023 · 18.02
Debt to equity
0.02▲
2023 · 0.02
ROE
3.2%▲
2023 · 2.7%
ROA
3.1%▲
2023 · 2.6%
Interest coverage
54.34▼
2023 · 62.39
Debt ≤ 1 year
€12,772▲
2023 · €11,958
Income taxes
€2,157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% 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 14,684 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 · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€737,133€761,651▲
Fixed assets21/28€521,710€508,592▼
Tangible fixed assets22/27€521,710€508,592▼
Land and buildings22€521,710€502,634▼
Plant, machinery and equipment23-€5,958
Current assets29/58€215,424€253,060▲
Amounts receivable within one year40/41€45,136€50,757▲
Trade receivables40€41,757€47,345▲
Other amounts receivable41€3,379€3,412▲
Cash at bank and in hand54/58€153,885€185,716▲
Deferred charges and accrued income490/1€16,402€16,586▲
Equity and liabilities
Total equity and liabilities10/49€737,133€761,651▲
Equity10/15€724,878€748,493▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€662,878€686,493▲
Non-distributable reserves130/1€6,972€6,972=
Legal reserve130€6,972€6,972=
Distributable reserves133€655,906€679,521▲
Amounts payable17/49€12,255€13,159▲
Amounts payable within one year42/48€11,958€12,772▲
Trade debts44€6,743€8,037▲
Suppliers440/4€6,743€8,037▲
Taxes, remuneration and social security45-€2,157
Taxes450/3-€2,157
Other amounts payable47/48€5,215€2,578▼
Accrued charges and deferred income492/3€297€387▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,650€20,282▼
Other operating charges640/8€37,160€38,660▲
Gross operating margin9900€85,872€85,543▼
Operating profit (loss)9901€20,062€26,601▲
Financial income75/76B€64€33▼
Recurring financial income75€64€33▼
Financial charges65/66B€781€863▲
Recurring financial charges65€781€863▲
Profit (loss) for the period before taxes9903€19,346€25,771▲
Income taxes67/77-€2,157
Profit (loss) for the period9904€19,346€23,615▲
Profit (loss) for the period to be appropriated9905€19,346€23,615▲
Appropriation of the result
Profit (loss) to be appropriated9906€19,346€23,615▲
Transfer from equity791/2€0-
Transfer to equity691/2€19,346€23,615▲
To other reserves6921€19,346€23,615▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48,476€46,169€44,113€28,650€20,282▼ 29.2%
Other operating charges640/8-€33,636€33,913€37,160€38,660▲ 4.0%
Gross operating margin9900€63,286€68,491€77,165€85,872€85,543▼ 0.4%
Operating profit (loss)9901-€18,683-€11,314-€861€20,062€26,601▲ 32.6%
Financial income75/76B-€42€67€64€33▼ 48.5%
Recurring financial income75€100€42€67€64€33▼ 48.5%
Financial charges65/66B-€1,231€725€781€863▲ 10.5%
Recurring financial charges65€4,598€1,231€725€781€863▲ 10.5%
Profit (loss) for the period before taxes9903-€23,180-€12,503-€1,519€19,346€25,771▲ 33.2%
Income taxes67/77-€18€0--€2,157-
Profit (loss) for the period9904-€23,163-€12,503-€1,519€19,346€23,615▲ 22.1%
Profit (loss) for the period to be appropriated9905-€23,163-€12,503-€1,519€19,346€23,615▲ 22.1%
Line20202021202220232024Change
Assets
Total assets20/58€741,288€713,590€713,884€737,133€761,651▲ 3.3%
Fixed assets21/28€623,488€577,318€546,320€521,710€508,592▼ 2.5%
Tangible fixed assets22/27€623,488€577,318€546,320€521,710€508,592▼ 2.5%
Land and buildings22-€577,318€546,320€521,710€502,634▼ 3.7%
Plant, machinery and equipment23----€5,958-
Current assets29/58€117,800€136,271€167,564€215,424€253,060▲ 17.5%
Amounts receivable within one year40/41€40,932€40,141€40,174€45,136€50,757▲ 12.5%
Trade receivables40-€36,828€36,828€41,757€47,345▲ 13.4%
Other amounts receivable41-€3,313€3,346€3,379€3,412▲ 1.0%
Cash at bank and in hand54/58€60,137€84,053€106,980€153,885€185,716▲ 20.7%
Deferred charges and accrued income490/1-€12,077€20,410€16,402€16,586▲ 1.1%
Equity and liabilities
Total equity and liabilities10/49€741,288€713,590€713,884€737,133€761,651▲ 3.3%
Equity10/15€719,555€707,052€705,532€724,878€748,493▲ 3.3%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€657,555€645,052€643,532€662,878€686,493▲ 3.6%
Non-distributable reserves130/1-€6,972€6,972€6,972€6,972=
Legal reserve130-€6,972€6,972€6,972€6,972=
Distributable reserves133-€638,080€636,560€655,906€679,521▲ 3.6%
Amounts payable17/49€21,733€6,538€8,351€12,255€13,159▲ 7.4%
Amounts payable within one year42/48€17,589€5,968€6,739€11,958€12,772▲ 6.8%
Trade debts44€907€753€1,524€6,743€8,037▲ 19.2%
Suppliers440/4-€753€1,524€6,743€8,037▲ 19.2%
Taxes, remuneration and social security45----€2,157-
Taxes450/3----€2,157-
Other amounts payable47/48-€5,215€5,215€5,215€2,578▼ 50.6%
Accrued charges and deferred income492/3-€570€1,612€297€387▲ 30.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€23,163-€12,503-€1,519€19,346€23,615▲ 22.1%
+ Depreciation and write-downs630€48,476€46,169€44,113€28,650€20,282▼ 29.2%
Operating cash flow (approximation)€25,313€33,666€42,593€47,996€43,897▼ 8.5%
Investment in fixed assets (approximation)-€0-€13,114-€4,040-€7,164▼ 77.3%
Change in cash-€23,916€22,926€46,906€31,830▼ 32.1%

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

2025
01-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 62 days late
2024
27-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial Back to profitnet €19,346
Net result €19,346 after 3 loss-making years.
17-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity triplescurrent ratio 22.83
Current ratio from 6.70 to 22.83; short-term debt falls from €17,589 to €5,968.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial Weakest financial yearnet -€23,163
Net result drops to -€23,163, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 6current ratio 6.70
Current ratio from 1.10 to 6.70; short-term debt falls from €872,017 to €17,589.
31-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Highest result since 2018net €661,977 ▲5,285%
Operating result €955,868, net result €661,977, both a record.
10-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Brugge · 1 establishment unit since 2003
seat establishment The establishment unit on the map
Ground area
5,596 m²
Building footprint
333 m²
Volume, LiDAR
2,016 m³
Parcel 31029C0197/00F000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Bisschopsdreef 53, 8310 Brugge
NACE 7012001
since 20032.132.698.319
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31029C0197/00F000 Flanders 5,596 m² 1 · 333 m² 9.8 m · 2 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.

Identification & contact

Identification
Legal formPublic limited company
Founded28-07-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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