VDB-C HORSES
ActiveVDB-C HORSES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €4k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-10
Solvency45▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.42 in 2024; short-term debt: 30% and cash: 4.6% of total assets), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
20%
Return on assets
0.7%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
14 d early
2023
21 d early
2022
34 d early
2021
45 d early
2020
22 d early
2019
37 d early
← before the deadline
after the deadline →
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
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k▲ 3.7%
2024 · €120k
2018: €59k
2019: €48k
2020: €69k
2021: €69k
2022: €80k
2023: €61k
2024: €120k
2018 → 2025
Total assets
€622k▼ 4.5%
2024 · €651k
2018: €313k
2019: €336k
2020: €345k
2021: €339k
2022: €478k
2023: €591k
2024: €651k
2018 → 2025
Net result
€4k▼ 92.5%
2024 · €59k
2018: €27k
2019: €-9k
2020: €21k
2021: €180
2022: €13k
2023: €-19k
2024: €59k
2018 → 2025
Working capital
€-86k▲ 31.8%
2024 · €-126k
2018: €-25k
2019: €-57k
2020: €16k
2021: €13k
2022: €-119k
2023: €-164k
2024: €-126k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€80k▲ 15.8%€61k▼ 23.7%€120k▲ 95.5%€124k▲ 3.7%
Operating result€6k-€18k▲ 191%€-16k€74k€8k▼ 88.6%
Net result€180-€13k▲ 6,915%€-19k€59k€4k▼ 92.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 89% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €622k
Fixed assets
€521k▼ 6.8%
Current assets
€101k▲ 9.6%
Equity and liabilities €622k
Equity
€124k▲ 3.7%
Debt
€498k▼ 6.3%
The debt ratio falls from 81.6% to 80.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69k▼
2024 · €129k
Cash flow
€65k▼
2024 · €113k
Solvency
20.0%▲
2024 · 18.4%
Current ratio
0.54▲
2024 · 0.42
Quick ratio
0.24▼
2024 · 0.24
Debt / equity
4.00▼
2024 · 4.43
ROE
3.5%▼
2024 · 48.8%
ROA
0.7%▼
2024 · 9.0%
Interest coverage
21.41▲
2024 · 18.84
Debt
€498k▼
2024 · €531k
Debt ≤ 1 year
€186k▼
2024 · €217k
Debt > 1 year
€311k▲
2024 · €305k
Income taxes
€1k▼
2024 · €9k
Staff costs
€304▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€651k€622k▼
Fixed assets21/28€559k€521k▼
Tangible fixed assets22/27€559k€521k▼
Land and buildings22€415k€377k▼
Plant, machinery and equipment23€8k€8k▼
Furniture and vehicles24€136k€137k▲
Financial fixed assets28€353€353=
Current assets29/58€92k€101k▲
Stocks and contracts in progress3€39k€56k▲
Stocks30/36€39k€56k▲
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€12k€7k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€36k€29k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€651k€622k▼
Equity10/15€120k€124k▲
Contributions10/11€50k€50k=
Reserves13€70k€74k▲
Distributable reserves133€70k€74k▲
Amounts payable17/49€531k€498k▼
Amounts payable after more than one year17€305k€311k▲
Financial debts170/4€255k€211k▼
Other amounts payable178/9€50k€100k▲
Amounts payable within one year42/48€217k€186k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€47k€36k▼
Suppliers440/4€47k€36k▼
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€736€9k▲
Remuneration and social security454/9€9k€4k▼
Other amounts payable47/48€147k€124k▼
Accrued charges and deferred income492/3€9k€417▼
Income statement
Code20242025
Remuneration, social security and pensions62€1k€304▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€61k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€134k€74k▼
Operating profit (loss)9901€74k€8k▼
Financial income75/76B€479€427▼
Recurring financial income75€479€427▼
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€68k€6k▼
Income taxes67/77€9k€1k▼
Profit (loss) for the period9904€59k€4k▼
Profit (loss) for the period to be appropriated9905€59k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€4k▼
Transfer from equity791/2€0-
Transfer to equity691/2€59k€4k▼
To other reserves6921€59k€4k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
30-09
Financial
Equity above €100kEq €120k ▲95.5%
Equity rises from €61k to €120k.
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-19k ▼251%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.38 to 1.34; short-term debt falls from €93k to €49k.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houthulst · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schrevelstraat 168650 HouthulstGround area
230 m²
Building footprint
394 m²
Volume, LiDAR
1,636 m³
Parcel 32306B2018/00A000, Flanders · tallest building 8.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schrevelstraat 16, 8650 Houthulst
since 20152.243.280.891
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32306B2018/00A000 | Flanders | 230 m² | 1 · 394 m² | 8.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 37 EUR awarded · 37 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 37 EUR |
| 2022 | 1 | 37 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouthulst2.243.280.891
Dual-learning approval
2 live approvals · 2 endedHippisch assistent duaal (so)
Paardenhouderij duaal (so)
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Of 1,958 companies in sector 01430 we hold annual accounts for 743. 559 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2015
Fiscal year end30-09
Activities, NACEBEL
01430Raising of horses and other equines
93110Operation of sports facilities
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.