VDP INDUSTRIES
ActiveSummary
VDP INDUSTRIES has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €33k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 127 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-17
Solvency44▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.21 in 2024; short-term debt: 67.7% and cash: 8% of total assets), and 81.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← 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
18.8%
Return on assets
1.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
25 d early
2022
9 d early
2021
2 d early
2020
7 d early
2019
28 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€511k▲ 6.9%
2024 · €478k
2018: €455k
2020: €240klowest value
2021: €244k▲ +1.4% vs 2020
2022: €280k▲ +14.8% vs 2021
2023: €345k▲ +23.1% vs 2022
2024: €478k▲ +38.6% vs 2023
2025: €511k▲ +6.9% vs 2024highest value
2018 → 2025
Total assets
€2.71M▲ 1.2%
2024 · €2.68M
2018: €3.06Mhighest value
2020: €1.82Mlowest value
2021: €1.90M▲ +4.7% vs 2020
2022: €2.52M▲ +32.4% vs 2021
2023: €2.66M▲ +5.6% vs 2022
2024: €2.68M▲ +0.8% vs 2023
2025: €2.71M▲ +1.2% vs 2024
2018 → 2025
Net result
€33k▼ 75.2%
2024 · €133k
2018: €128k
2020: €123k
2021: €3k▼ -97.2% vs 2020lowest value
2022: €36k▲ +955% vs 2021
2023: €65k▲ +79.1% vs 2022
2024: €133k▲ +105% vs 2023highest value
2025: €33k▼ -75.2% vs 2024
2018 → 2025
Working capital
€449k▲ 14.6%
2024 · €392k
2018: €94klowest value
2020: €289k
2021: €212k▼ -26.5% vs 2020
2022: €230k▲ +8.2% vs 2021
2023: €261k▲ +13.8% vs 2022
2024: €392k▲ +49.9% vs 2023
2025: €449k▲ +14.6% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€280k▲ 14.8%€345k▲ 23.1%€478k▲ 38.6%€511k▲ 6.9%
2021: €244klowest in 5 years
2022: €280k▲ +14.8% vs 2021
2023: €345k▲ +23.1% vs 2022
2024: €478k▲ +38.6% vs 2023
2025: €511k▲ +6.9% vs 2024highest in 5 years
Operating result€27k-€66k▲ 144%€137k▲ 107%€267k▲ 94.8%€126k▼ 52.9%
2021: €27klowest in 5 years
2022: €66k▲ +144% vs 2021
2023: €137k▲ +107% vs 2022
2024: €267k▲ +94.8% vs 2023highest in 5 years
2025: €126k▼ -52.9% vs 2024
Net result€3k-€36k▲ 955%€65k▲ 79.1%€133k▲ 105%€33k▼ 75.2%
2021: €3klowest in 5 years
2022: €36k▲ +955% vs 2021
2023: €65k▲ +79.1% vs 2022
2024: €133k▲ +105% vs 2023highest in 5 years
2025: €33k▼ -75.2% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.71M
Fixed assets
€427k ▼ 5.8%
Current assets
€2.28M ▲ 2.6%
Equity and liabilities €2.71M
Equity
€511k ▲ 6.9%
Debt
€2.20M ▼ 0.1%
Debt's share of the balance-sheet total falls from 82.2% to 81.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258k▼
2024 · €397k
Cash flow
€165k▼
2024 · €263k
Current ratio
1.24▲
2024 · 1.21
Quick ratio
0.98▲
2024 · 0.97
Debt to equity
4.31▼
2024 · 4.61
ROE
6.5%▼
2024 · 27.8%
ROA
1.2%▼
2024 · 5.0%
Interest coverage
3.83▼
2024 · 5.34
Debt ≤ 1 year
€1.83M=
2024 · €1.83M
Debt > 1 year
€362k▼
2024 · €365k
Income taxes
€25k▼
2024 · €60k
Staff costs
€2.14M▲
2024 · €1.97M
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.68M€2.71M▲
Fixed assets21/28€453k€427k▼
Intangible fixed assets21€8k€273▼
Tangible fixed assets22/27€445k€427k▼
Plant, machinery and equipment23€329k€300k▼
Furniture and vehicles24€38k€76k▲
Other tangible fixed assets26€78k€52k▼
Financial fixed assets28€0-
Current assets29/58€2.23M€2.28M▲
Stocks and contracts in progress3€442k€485k▲
Stocks30/36€240k€246k▲
Contracts in progress37€202k€239k▲
Amounts receivable within one year40/41€1.65M€1.57M▼
Trade receivables40€1.62M€1.57M▼
Other amounts receivable41€30k€399▼
Cash at bank and in hand54/58€120k€218k▲
Deferred charges and accrued income490/1€11k€14k▲
Equity and liabilities
Total equity and liabilities10/49€2.68M€2.71M▲
Equity10/15€478k€511k▲
Contributions10/11€62k€62k=
Reserves13€356k€356k=
Tax-exempt reserves132€37k€37k=
Distributable reserves133€319k€319k=
Profit (loss) carried forward14€60k€93k▲
Amounts payable17/49€2.20M€2.20M▼
Amounts payable after more than one year17€365k€362k▼
Financial debts170/4€365k€362k▼
Amounts payable within one year42/48€1.83M€1.83M=
Current portion of amounts payable after more than one year42€107k€90k▼
Financial debts43€801k€855k▲
Credit institutions430/8€801k€855k▲
Trade debts44€613k€512k▼
Suppliers440/4€613k€512k▼
Advances received on contracts in progress46€221€16k▲
Taxes, remuneration and social security45€313k€362k▲
Taxes450/3€70k€111k▲
Remuneration and social security454/9€243k€251k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€578€10k▲
Remuneration, social security and pensions62€1.97M€2.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€132k▲
Other operating charges640/8€21k€13k▼
Non-recurring operating charges66A€0€744▲
Gross operating margin9900€2.39M€2.41M▲
Operating profit (loss)9901€267k€126k▼
Financial income75/76B€96€25▼
Recurring financial income75€96€25▼
Financial charges65/66B€74k€68k▼
Recurring financial charges65€74k€68k▼
Profit (loss) for the period before taxes9903€193k€58k▼
Income taxes67/77€60k€25k▼
Profit (loss) for the period9904€133k€33k▼
Profit (loss) for the period to be appropriated9905€133k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€160k€93k▼
Profit (loss) brought forward from the previous period14P€27k€60k▲
Transfer to equity691/2€100k€0▼
To other reserves6921€100k€0▼
Social balance
Average headcount (FTE)908727.028.0▲
The notes to these accounts (27 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €50k | - | €578 | €10k | ▲ 1,674% |
| Remuneration, social security and pensions62 | €1.77M | €1.74M | €1.80M | €1.97M | €2.14M | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €130k | €113k | €152k | €130k | €132k | ▲ 2.1% |
| Other operating charges640/8 | €13k | €17k | €25k | €21k | €13k | ▼ 37.7% |
| Non-recurring operating charges66A | - | - | €26k | €0 | €744 | - |
| Gross operating margin9900 | €1.94M | €1.94M | €2.14M | €2.39M | €2.41M | ▲ 0.9% |
| Operating profit (loss)9901 | €27k | €66k | €137k | €267k | €126k | ▼ 52.9% |
| Financial income75/76B | €72 | €518 | €358 | €96 | €25 | ▼ 73.7% |
| Recurring financial income75 | €72 | €518 | €358 | €96 | €25 | ▼ 73.7% |
| Financial charges65/66B | €21k | €25k | €44k | €74k | €68k | ▼ 9.1% |
| Recurring financial charges65 | €21k | €25k | €44k | €74k | €68k | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €6k | €42k | €94k | €193k | €58k | ▼ 69.7% |
| Income taxes67/77 | €2k | €5k | €29k | €60k | €25k | ▼ 57.8% |
| Profit (loss) for the period9904 | €3k | €36k | €65k | €133k | €33k | ▼ 75.2% |
| Profit (loss) for the period to be appropriated9905 | €3k | €36k | €65k | €133k | €33k | ▼ 75.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.90M | €2.52M | €2.66M | €2.68M | €2.71M | ▲ 1.2% |
| Fixed assets21/28 | €375k | €529k | €518k | €453k | €427k | ▼ 5.8% |
| Intangible fixed assets21 | €13k | €27k | €19k | €8k | €273 | ▼ 96.8% |
| Tangible fixed assets22/27 | €362k | €501k | €498k | €445k | €427k | ▼ 4.1% |
| Plant, machinery and equipment23 | €200k | €293k | €340k | €329k | €300k | ▼ 8.9% |
| Furniture and vehicles24 | €161k | €116k | €54k | €38k | €76k | ▲ 97.9% |
| Other tangible fixed assets26 | - | €92k | €104k | €78k | €52k | ▼ 33.6% |
| Financial fixed assets28 | €675 | €675 | €635 | €0 | - | - |
| Current assets29/58 | €1.53M | €1.99M | €2.14M | €2.23M | €2.28M | ▲ 2.6% |
| Stocks and contracts in progress3 | €431k | €556k | €428k | €442k | €485k | ▲ 9.7% |
| Stocks30/36 | €129k | €172k | €186k | €240k | €246k | ▲ 2.5% |
| Contracts in progress37 | €302k | €384k | €242k | €202k | €239k | ▲ 18.2% |
| Amounts receivable within one year40/41 | €880k | €1.37M | €1.60M | €1.65M | €1.57M | ▼ 5.2% |
| Trade receivables40 | €862k | €1.27M | €1.60M | €1.62M | €1.57M | ▼ 3.5% |
| Other amounts receivable41 | €18k | €93k | €385 | €30k | €399 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €214k | €61k | €109k | €120k | €218k | ▲ 81.8% |
| Deferred charges and accrued income490/1 | €2k | €6k | €4k | €11k | €14k | ▲ 23.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.90M | €2.52M | €2.66M | €2.68M | €2.71M | ▲ 1.2% |
| Equity10/15 | €244k | €280k | €345k | €478k | €511k | ▲ 6.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €56k | €56k | €256k | €356k | €356k | = |
| Non-distributable reserves130/1 | €6k | €6k | - | - | - | - |
| Reserves not available under the articles1311 | €6k | €6k | - | - | - | - |
| Tax-exempt reserves132 | €37k | €37k | €37k | €37k | €37k | = |
| Distributable reserves133 | €12k | €12k | €219k | €319k | €319k | = |
| Profit (loss) carried forward14 | €126k | €163k | €27k | €60k | €93k | ▲ 54.9% |
| Provisions and deferred taxes16 | €50k | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €50k | - | - | - | - | - |
| Other liabilities and charges164/5 | €50k | - | - | - | - | - |
| Amounts payable17/49 | €1.61M | €2.24M | €2.31M | €2.20M | €2.20M | ▼ 0.1% |
| Amounts payable after more than one year17 | €292k | €476k | €431k | €365k | €362k | ▼ 0.7% |
| Financial debts170/4 | €292k | €476k | €431k | €365k | €362k | ▼ 0.7% |
| Amounts payable within one year42/48 | €1.31M | €1.76M | €1.88M | €1.83M | €1.83M | = |
| Current portion of amounts payable after more than one year42 | €93k | €131k | €114k | €107k | €90k | ▼ 16.1% |
| Financial debts43 | €265k | €576k | €767k | €801k | €855k | ▲ 6.7% |
| Credit institutions430/8 | €265k | €576k | €767k | €801k | €855k | ▲ 6.7% |
| Trade debts44 | €621k | €736k | €626k | €613k | €512k | ▼ 16.4% |
| Suppliers440/4 | €621k | €736k | €626k | €613k | €512k | ▼ 16.4% |
| Advances received on contracts in progress46 | €82k | €45k | €55k | €221 | €16k | ▲ 7,075% |
| Taxes, remuneration and social security45 | €253k | €271k | €317k | €313k | €362k | ▲ 15.6% |
| Taxes450/3 | €20k | €47k | €88k | €70k | €111k | ▲ 59.4% |
| Remuneration and social security454/9 | €233k | €224k | €229k | €243k | €251k | ▲ 3.1% |
| Accrued charges and deferred income492/3 | €2k | €3k | €4k | €3k | €4k | ▲ 19.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €36k | €65k | €133k | €33k | ▼ 75.2% |
| + Depreciation and write-downs630 | €130k | €113k | €152k | €130k | €132k | ▲ 2.1% |
| Operating cash flow (approximation) | €134k | €149k | €216k | €263k | €165k | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | €-266k | €-141k | €-65k | €-106k | ▼ 62.3% |
| Change in cash | - | €-154k | €49k | €11k | €98k | ▲ 812% |
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
19-08
State Gazette act
Resignations: Dirk Van Doren (director) and Gunnar Pille (director)Appointments: PK72 BV (director) and SEQUENT BV (director) · Permanent representatives: Dirk Van Doren and Gunnar Pille7 facts ▸
State Gazette act
Resignations: Dirk Van Doren (director) and Gunnar Pille (director)
Appointments: PK72 BV (director) and SEQUENT BV (director) · Permanent representatives: Dirk Van Doren and Gunnar Pille7 facts ▸
- General meeting, 07-04-2026
- Director resignation, Dirk Van Doren (director)
- Director resignation, Gunnar Pille (director)
- Director appointment, PK72 BV (director)
- Permanent representative, Dirk Van Doren
- Director appointment, SEQUENT BV (director)
- Permanent representative, Gunnar Pille
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €500kEq €511k ▲6.9%
7 profitable years in a row build equity to €511k.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €133k ▲105%
Operating result €267k, net result €133k, both a record.
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €3k ▼97.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
SEQUENT
CurrentDirector · since 01-04-2026 · Private limited company · perm. rep.: Gunnar Pille
PK72
CurrentDirector · since 13-10-2025 · Private limited company · perm. rep.: Dirk Van Doren
07-04-2026
Dirk Van Doren: Resigned as Director
07-04-2026
Gunnar Pille: Resigned as Director
01-04-2026
SEQUENT: Appointed as Director
13-10-2025
PK72: Appointed as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1981
Ground area
7,155 m²
Building footprint
3,736 m²
Volume, LiDAR
17,325 m³
Parcel 44048A0132/00Z005, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VDP Industries bvba
since 19812.018.254.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048A0132/00Z005 | Flanders | 7,155 m² | 1 · 3,736 m² | 12.2 m · 3 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.
Structure & network
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 6,680 EUR awarded · 8,073 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,823 EUR | 1,264 EUR |
| 2024 | 1 | 1,835 EUR | 2,992 EUR |
| 2023 | 2 | 1,090 EUR | 3,817 EUR |
| 2022 | 1 | 1,932 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-1980
Fiscal year end30-09
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
25110Manufacture of metal structures and parts of structures
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.