VDB HOLDING · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

VDB HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.55M and a net result of €272k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 498 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity 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

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-02-2026, 155 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 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 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	26-02-2026	155 d early	2026-00044076
31-12-2024	31-07-2025	03-07-2025	28 d early	2025-00221464
31-12-2023	31-07-2024	11-07-2024	20 d early	2024-00233462
31-12-2022	31-07-2023	07-07-2023	24 d early	2023-00212721

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 2021, 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

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€1.55M+21.3%

Net result€272k+11.9%

Total assets€3.42M+1.8%

Solvency45.3%+7.3pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 26-02-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~23.2%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	45.3%	43.2%	better than 52% of 498 sector peers
Net result	€272k	€68k	better than 78% of 498 sector peers
Equity	€1.55M	€492k	better than 74% of 498 sector peers
Gross operating margin	€386k	€83k	better than 90% of 497 sector peers
Employees (FTE)	0.0	0.0	better than 35% of 150 sector peers

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

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P52

Stable position over 2022-2025 · n=498-1407

Net result P78

Stable position over 2022-2025 · n=498-1406

Equity P74

Stable position over 2022-2025 · n=498-1407

Gross operating margin P90

Stable position over 2022-2025 · n=497-1405

Describes the position versus peers, not a forecast.

Net profit

€272k

+11.9% 22-25

Total assets

€3.42M

+1.8% 22-25

Equity

€1.55M

+21.3% 22-25

Employees (FTE)

0

- 22-25

Income taxes

€81k

+12.4% 22-25

Debt

€1.87M

-10.2% 22-25

Debt ≤ 1y

€275k

-12.8% 22-25

Debt > 1y

€1.51M

-11.1% 22-25

Solvency

45.3%

+19.2% 22-25

ROE

17.6%

-7.8% 22-25

ROA

8.0%

+9.9% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	n/a
EBITDA	n/a
Net profit	€272k
Cash flow	n/a
Staff costs	-
Income taxes	€81k
Dividends	-
Total assets	€3.42M
Equity	€1.55M
Debt	€1.87M
of which ≤ 1y	€275k
of which > 1y	€1.51M
Working capital	n/a
Employees (FTE)	0.0

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	45.3%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	8.0%
ROE	17.6%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €3.20M · 93.7% Current assets €217k · 6.4%

Equity & liabilities

Equity €1.55M · 45.3% Debt €1.87M · 54.7%

Full annual accounts

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€3.42M
Fixed assets	21/28	€3.20M
Financial fixed assets	28	€3.20M
Current assets	29/58	€217k
Amounts receivable within one year	40/41	€89k
Cash & bank	54/58	€128k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3.42M
Equity	10/15	€1.55M
Contributions / capital	10/11	€400k
Reserves	13	€1.15M
Amounts payable	17/49	€1.87M
Amounts payable after one year	17	€1.51M
Amounts payable within one year	42/48	€275k
Trade debts payable within one year	44	€372
Income statement
Gross operating margin	9900	€386k
Operating result	9901	€385k
Financial charges	65	€31k
Result before taxes	9903	€354k
Income taxes	67/77	€81k
Net result for the period	9904	€272k
Result to be appropriated	9905	€272k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Directors

Directors & mandates

2 directors

Current directors & mandates

BV SALUSLegal entity
Director
State Gazette act 23053305 (19-04-2023)

Current
19-04-2023 → present

Former directors (1)

Debby Stappers
Director
State Gazette act 23053305 (19-04-2023)

Former
- → 19-04-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company(610)
Incorporation	18-05-2021
Status	Active
Postal code	2350

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

VDB Holding

Schoolstraat 3, 2350 VosselaarHoldings

since 20212.323.770.897

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

Parcels1

Ground area1,243 m²

Buildings1

Building footprint289 m²

Volume (LiDAR)1,550 m³

Tallest building10.7 m · ±2 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%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13046C0017/00C002	Flanders	1,243 m²	1 · 289 m²	10.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 3 years ago

2023

19-04-2023 1 director appointed, 1 resigning Director changes

BV SALUS, Bestuurder
Debby Stappers, Bestuurder

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

74 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 88

Solvency 63

Growth 52

Stability 94

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