VVD SRL
ActiveSummary
VVD SRL has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €75k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-17
Solvency28▼-12
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.12 against 1.1 in 2024; short-term debt: 44.5% and cash: 4.2% of total assets), and 97.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
2.6%
Return on assets
7.8%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 10407 sector peers (2025).
NBB · sector comparisonPosition among 10407 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
28 d early
2023
30 d early
2022
32 d early
2021
18 d early
2020
30 d early
2019
56 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75k▲ 97.7%
2024 · €38k
2018: €36k
2019: €40k▲ +11.5% vs 2018
2020: €22k▼ -45.2% vs 2019
2021: €664▼ -97.0% vs 2020lowest in 8 years
2022: €7k▲ +885% vs 2021
2023: €42k▲ +548% vs 2022
2024: €38k▼ -10.8% vs 2023
2025: €75k▲ +97.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€-375k
2024 · €13k
2018: €42k
2019: €83k▲ +95.1% vs 2018
2020: €105k▲ +26.7% vs 2019highest in 8 years
2021: €58k▼ -44.9% vs 2020
2022: €24k▼ -58.0% vs 2021
2023: €11k▼ -56.0% vs 2022
2024: €13k▲ +21.6% vs 2023
2025: €-375k▼ -2998% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€24k▼ 58.0%€25k▲ 1.5%€25k▲ 3.2%€25k▼ 1.1%
2021: €58khighest in 5 years
2022: €24k▼ -58.0% vs 2021lowest in 5 years
2023: €25k▲ +1.5% vs 2022
2024: €25k▲ +3.2% vs 2023
2025: €25k▼ -1.1% vs 2024
Operating result€994-€9k▲ 835%€59k▲ 530%€53k▼ 9.2%€115k▲ 117%
2021: €994lowest in 5 years
2022: €9k▲ +835% vs 2021
2023: €59k▲ +530% vs 2022
2024: €53k▼ -9.2% vs 2023
2025: €115k▲ +117% vs 2024highest in 5 years
Net result€664-€7k▲ 885%€42k▲ 548%€38k▼ 10.8%€75k▲ 97.7%
2021: €664lowest in 5 years
2022: €7k▲ +885% vs 2021
2023: €42k▲ +548% vs 2022
2024: €38k▼ -10.8% vs 2023
2025: €75k▲ +97.7% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 117% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957k
Fixed assets
€906k ▲ 3,054%
Current assets
€50k ▼ 64.5%
Equity and liabilities €957k
Equity
€25k ▼ 1.1%
Debt
€932k ▲ 542%
Debt's share of the balance-sheet total rises from 85.1% to 97.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€123k▲
2024 · €61k
Cash flow
€83k▲
2024 · €46k
Current ratio
0.12▼
2024 · 1.10
Debt to equity
37.12▲
2024 · 5.72
ROE
297.8%▲
2024 · 149.0%
ROA
7.8%▼
2024 · 22.2%
Interest coverage
8.31▼
2024 · 27.78
Debt ≤ 1 year
€426k▲
2024 · €129k
Debt > 1 year
€505k▲
2024 · €16k
Income taxes
€26k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€171k€957k▲
Fixed assets21/28€29k€906k▲
Tangible fixed assets22/27€29k€21k▼
Furniture and vehicles24€29k€21k▼
Financial fixed assets28-€886k
Current assets29/58€142k€50k▼
Amounts receivable within one year40/41€9k€9k=
Other amounts receivable41€9k€9k=
Cash at bank and in hand54/58€131k€40k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€171k€957k▲
Equity10/15€25k€25k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€5k€5k▼
Amounts payable17/49€145k€932k▲
Amounts payable after more than one year17€16k€505k▲
Financial debts170/4€16k€480k▲
Other amounts payable178/9-€25k
Amounts payable within one year42/48€129k€426k▲
Current portion of amounts payable after more than one year42€6k€59k▲
Trade debts44€487€531▲
Suppliers440/4€487€531▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€115k€357k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€16-
Gross operating margin9900€61k€123k▲
Operating profit (loss)9901€53k€115k▲
Financial charges65/66B€2k€15k▲
Recurring financial charges65€2k€15k▲
Profit (loss) for the period before taxes9903€51k€101k▲
Income taxes67/77€13k€26k▲
Profit (loss) for the period9904€38k€75k▲
Profit (loss) for the period to be appropriated9905€38k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€80k▲
Profit (loss) brought forward from the previous period14P€4k€5k▲
Profit to be distributed694/7€37k€75k▲
Return on contributions (dividend)694€37k€75k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3k | €8k | €8k | ▲ 0.3% |
| Other operating charges640/8 | €2 | - | - | €16 | - | - |
| Gross operating margin9900 | €996 | €9k | €61k | €61k | €123k | ▲ 102% |
| Operating profit (loss)9901 | €994 | €9k | €59k | €53k | €115k | ▲ 117% |
| Financial charges65/66B | €154 | €1k | €1k | €2k | €15k | ▲ 575% |
| Recurring financial charges65 | €154 | €1k | €1k | €2k | €15k | ▲ 575% |
| Profit (loss) for the period before taxes9903 | €840 | €8k | €57k | €51k | €101k | ▲ 97.4% |
| Income taxes67/77 | €176 | €2k | €15k | €13k | €26k | ▲ 96.3% |
| Profit (loss) for the period9904 | €664 | €7k | €42k | €38k | €75k | ▲ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €664 | €7k | €42k | €38k | €75k | ▲ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €112k | €172k | €171k | €957k | ▲ 461% |
| Fixed assets21/28 | - | - | €36k | €29k | €906k | ▲ 3,054% |
| Tangible fixed assets22/27 | - | - | €36k | €29k | €21k | ▼ 27.7% |
| Furniture and vehicles24 | - | - | €36k | €29k | €21k | ▼ 27.7% |
| Financial fixed assets28 | - | - | - | - | €886k | - |
| Current assets29/58 | €119k | €112k | €136k | €142k | €50k | ▼ 64.5% |
| Amounts receivable within one year40/41 | €42k | €85k | €123k | €9k | €9k | = |
| Other amounts receivable41 | €42k | €85k | €123k | €9k | €9k | = |
| Cash at bank and in hand54/58 | €77k | €27k | €12k | €131k | €40k | ▼ 69.7% |
| Deferred charges and accrued income490/1 | - | - | €704 | €1k | €1k | ▲ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €112k | €172k | €171k | €957k | ▲ 461% |
| Equity10/15 | €58k | €24k | €25k | €25k | €25k | ▼ 1.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €37k | €4k | €4k | €5k | €5k | ▼ 5.5% |
| Amounts payable17/49 | €61k | €88k | €147k | €145k | €932k | ▲ 542% |
| Amounts payable after more than one year17 | - | - | €22k | €16k | €505k | ▲ 2,993% |
| Financial debts170/4 | - | - | €22k | €16k | €480k | ▲ 2,840% |
| Other amounts payable178/9 | - | - | - | - | €25k | - |
| Amounts payable within one year42/48 | €61k | €88k | €125k | €129k | €426k | ▲ 230% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €6k | €59k | ▲ 939% |
| Trade debts44 | €590 | €510 | €1k | €487 | €531 | ▲ 9.0% |
| Suppliers440/4 | €590 | €510 | €1k | €487 | €531 | ▲ 9.0% |
| Taxes, remuneration and social security45 | €4 | €2k | €21k | €8k | €9k | ▲ 13.3% |
| Taxes450/3 | €4 | €2k | €21k | €8k | €9k | ▲ 13.3% |
| Other amounts payable47/48 | €60k | €85k | €98k | €115k | €357k | ▲ 211% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €664 | €7k | €42k | €38k | €75k | ▲ 97.7% |
| + Depreciation and write-downs630 | - | - | €3k | €8k | €8k | ▲ 0.3% |
| Operating cash flow (approximation) | €664 | €7k | €45k | €46k | €83k | ▲ 80.8% |
| Investment in fixed assets (approximation) | - | - | - | €-784 | €-886k | ▼ 112,819% |
| Change in cash | - | €-50k | €-14k | €119k | €-92k | ▼ 177% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €75k ▲97.7%
Operating result €115k, net result €75k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €664 ▼97%
Net result drops to €664, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 41.09
Current ratio from 11.85 to 41.09; short-term debt falls from €8k to €3k.
31-12
Financial
Equity above €100kEq €105k ▲26.7%
3 profitable years in a row build equity to €105k.
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 11.85
Current ratio from 2.64 to 11.85; short-term debt falls from €26k to €8k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2018
Ground area
207 m²
Building footprint
92 m²
Volume, LiDAR
1,054 m³
Parcel 21442A0009/00Y006, Brussels · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
VVD SPRL
since 20182.278.448.539
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0009/00Y006 | Brussels | 207 m² | 1 · 92 m² | 18.1 m · 4 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.
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Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 1,765 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
Founded05-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.