Equity
€36,251 ▲ 255%
VMDS has made a profit without a break since 2022.
VMDS
Lifetime
5 annual accounts with figures on one time axispeak €84,876 (2024)
€69,302▼ 18.3%
lowest -€70,115 (2021)
€26,045▼ 48.4%
peak €36,251 (2025)
€36,251▲ 255%
€569,949▼ 5.4%
Board1 name since 2020
1 directorVan Mulders Alfons
Documentsfilings and deeds
09-01-202622 days before the deadline
2025micro format
Gross margin from €84,876 to €69,302Result from €50,515 to €26,045Equity from €10,206 to €36,251Cash from €3,832 to €9,439
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%highest value
01-2025: 0.2%▼ -0.3 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.2%▼ -0.2 percentage points vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €36,251 (6.0% of total assets)
Liquidity: current ratio 0.09, cash €9,439
lowers risk
Size: total assets €606,200
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 27% of them on solvency, 18% on liquidity, 68% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,603 companies had the same profile as VMDS has now. Each dot stands for 5 companies, two years later.
96.0%
were still trading
1.8%
stopped another way
1.9%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VMDS itself is lower: 0.3% within 12 months. It rests on far more data about VMDS than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,603 companies, not a prediction for VMDS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.11 in 2024), below 1. Short-term debt is 57.6% and cash 1.6% of total assets. 94% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-01-2026, 22 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
22 days early
2024
32 days early
2023
34 days early
2022
12 days early
2021
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 20 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 9 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Board and ownership
- De Smet Ghislaine founderdeed of 04-08-2020
- Van Mulders Alfons founderdeed of 04-08-2020
- Van Mulders Jochen founderdeed of 04-08-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0751687741
Environmental permit granted
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Nieuwbouw of aanleggen, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Buggenhout
Incorporation
Founding capital of €5,000, 500 shares · Founders: De Smet Ghislaine, Van Mulders Alfons, Van Mulders Jochen and 2 others · Appointment: Van Mulders Alfons (director) · published on 04-08-2020 · Gazette deed
First establishment
Beukenstraat 119, Buggenhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VMDS Buggenhout | €606,200 | €69,302 | 6.0% | - |
| HAJO SERVICES Aalst | €655,545 | €71,493 | 100.0% | - |
| Xolutions House Oosterzele | €539,198 | €78,211 | 25.9% | - |
| CLAMANO Wavre | €571,406 | €68,172 | 14.4% | - |
| PRO ALLIANCE IMMO Liège | €595,333 | €64,498 | -19.9% | - |
| Cabinet Vétérinaire des Deux Ourthes – IMMO Houffalize | €641,108 | €63,449 | 16.8% | - |
| TF:RE Londerzeel | €661,736 | €68,369 | 31.8% | - |
These companies have the same main activity as VMDS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €539,000 and €662,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 31-07-2020Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.309.107.7649255 Buggenhout, since 31-07-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 27-07-2026
Annual accounts to 30-06-2025
- €606,200▼ 1.0%
- Filing
- Filed on 09-01-2026, 22 days before the end of the filing period
Insights on VMDS
VMDS files the micro format. That format states no turnover. The gross margin rose from €19,250 in 2021 to €69,302 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VMDS
- What is the company number of VMDS?
- The company number of VMDS is 0751.687.741. The VAT number is the same number with BE in front: BE 0751.687.741.
- Where is VMDS based?
- The registered office is at Beukenstraat 119, 9255 Buggenhout.Company details
- What does VMDS do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of VMDS?
- VMDS is a private limited company (BV).
- When was VMDS founded?
- VMDS was founded on 31-07-2020.
- Is VMDS still active?
- Yes, VMDS is an active enterprise in the KBO register.
- What is the turnover of VMDS?
- The turnover in financial year 2025 is ≈ €90,000. This figure is estimated from the gross margin of €69,302 and 45 comparable companies (NACE 682). It probably lies between €77,000 and €110,000.Financials
- Is VMDS profitable?
- In financial year 2025, VMDS made a profit of €26,045.
- Where can I find the annual accounts of VMDS?
- VMDS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VMDS due?
- VMDS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.