VMDA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VMDA is 0.9% (low). The 2024 annual accounts show equity of €86k and a net result of €47k. Its solvency ranks better than 85% of 429 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 85% of 429 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 23 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	31-07-2025	on the day	2025-00339472
31-12-2023	31-07-2024	23-07-2024	8 d early	2024-00274814

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€47k+61.2%

Working capital€80k+139.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 82 · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	74.9%	33.5%	better than 85% of 429 sector peers
Net result	€47k	€34k	better than 57% of 428 sector peers
Equity	€86k	€108k	better than 46% of 429 sector peers
Gross operating margin	€63k	€85k	better than 44% of 425 sector peers
Total assets	€115k	€610k	better than 21% of 429 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€47k

+61.2% 23-24

Total assets

€115k

+98.7% 23-24

Equity

€86k

+149.9% 23-24

Working capital

€80k

+139.4% 23-24

Income taxes

€13k

+55.7% 23-24

Debt

€29k

+23.3% 23-24

Debt ≤ 1y

€29k

+23.3% 23-24

Current ratio

3.78

+55.4% 23-24

Show 5 other metrics

Quick ratio

3.78

+55.4% 23-24

Solvency

74.9%

+25.8% 23-24

Debt / equity

0.33

-50.7% 23-24

ROE

55.1%

-35.5% 23-24

ROA

41.3%

-18.9% 23-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€47k
Cash flow	-
Staff costs	-
Income taxes	€13k
Dividends	-
Total assets	€115k
Equity	€86k
Debt	€29k
of which ≤ 1y	€29k
of which > 1y	-
Working capital	€80k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	3.78
Quick ratio	3.78
Working capital ratio	69.7%
Solvency	74.9%
Debt / equity	0.33
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	41.3%
ROE	55.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €6k · 5.2% Current assets €109k · 94.8%

Equity & liabilities

Equity €86k · 74.9% Debt €29k · 25.1%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€115k
Fixed assets	21/28	€6k
Financial fixed assets	28	€6k
Current assets	29/58	€109k
Amounts receivable within one year	40/41	€23k
Cash & bank	54/58	€83k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€115k
Equity	10/15	€86k
Contributions / capital	10/11	€5k
Accumulated profits (losses)	14	€81k
Amounts payable	17/49	€29k
Amounts payable within one year	42/48	€29k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€63k
Operating result	9901	€63k
Financial income	75	€21
Financial charges	65	€2k
Result before taxes	9903	€60k
Income taxes	67/77	€13k
Net result for the period	9904	€47k
Result to be appropriated	9905	€47k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

Boslaan 400, 1502 Halle

Activiteiten van hoofdkantoren

since 20232.345.979.543

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,218 m²

Buildings1

Building footprint188 m²

Volume (LiDAR)834 m³

Tallest building7.1 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)