VDB TELECOMS
ActiveThe annual accounts of VDB TELECOMS for fiscal year 2025 show a net loss of 62% of total assets. The 2025 annual accounts show equity of €83k and a net result of €-76k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 27451 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-87
Solvency93▼-7
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.65 against 3.51 in 2024; short-term debt: 32.1% and cash: 11.1% of total assets), and 32.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.9%
Return on assets
-61.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
26 d late
2022
52 d late
2021
60 d late
2020
65 d late
2019
20 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€749k▲ 1.6%
2021 · €737k
2018: €26k
2019: €412k
2020: €700k
2021: €737k
2018 → 2023
EBIT margin
2.9%▼ 2.6pp
2021 · 5.5%
2018: 11.7%
2019: 6.5%
2020: 5.3%
2021: 5.5%
2018 → 2023
Net result
€-76k
2024 · €32k
2018: €4k
2019: €26k
2020: €19k
2021: €29k
2022: €11k
2023: €35k
2024: €32k
2018 → 2025
Working capital
€65k▼ 52.2%
2024 · €136k
2018: €5k
2019: €27k
2020: €46k
2021: €73k
2022: €84k
2023: €105k
2024: €136k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€737k-€749k
Equity€81k-€92k▲ 12.8%€127k▲ 38.4%€159k▲ 25.2%€83k▼ 47.6%
Operating result€40k-€44k▲ 9.3%€22k▼ 50.8%€44k▲ 104%€-75k
Net result€29k-€11k▼ 61.4%€35k▲ 217%€32k▼ 9.3%€-76k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €75k after €44k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€18k▼ 20.2%
Current assets
€104k▼ 45.1%
Equity and liabilities €123k
Equity
€83k▼ 47.6%
Debt
€39k▼ 27.3%
The debt ratio rises from 25.4% to 32.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-62k▼
2024 · €55k
Cash flow
€-62k▼
2024 · €43k
Solvency
67.9%▼
2024 · 74.6%
Current ratio
2.65▼
2024 · 3.51
Quick ratio
2.65▼
2024 · 3.51
Debt / equity
0.47▲
2024 · 0.34
ROE
-90.7%▼
2024 · 20.1%
ROA
-61.6%▼
2024 · 15.0%
Interest coverage
-529.81▼
2024 · 357.53
Debt
€39k▼
2024 · €54k
Debt ≤ 1 year
€39k▼
2024 · €54k
Income taxes
€1k▼
2024 · €12k
Staff costs
€227k▼
2024 · €317k
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€213k€123k▼
Fixed assets21/28€23k€18k▼
Tangible fixed assets22/27€23k€18k▼
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€17k€13k▼
Current assets29/58€190k€104k▼
Amounts receivable within one year40/41€97k€59k▼
Trade receivables40€86k€18k▼
Other amounts receivable41€11k€41k▲
Cash at bank and in hand54/58€85k€14k▼
Deferred charges and accrued income490/1€8k€32k▲
Equity and liabilities
Total equity and liabilities10/49€213k€123k▼
Equity10/15€159k€83k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€138k€63k▼
Amounts payable17/49€54k€39k▼
Amounts payable within one year42/48€54k€39k▼
Trade debts44€18k€17k▼
Suppliers440/4€18k€17k▼
Taxes, remuneration and social security45€36k€16k▼
Remuneration and social security454/9€36k€16k▼
Other amounts payable47/48-€6k
Income statement
Code20242025
Remuneration, social security and pensions62€317k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€1k€923▼
Non-recurring operating charges66A€250-
Gross operating margin9900€374k€167k▼
Operating profit (loss)9901€44k€-75k▼
Financial income75/76B-€510
Recurring financial income75-€16
Non-recurring financial income76B-€494
Financial charges65/66B€155€116▼
Recurring financial charges65€155€116▼
Profit (loss) for the period before taxes9903€44k€-74k▼
Income taxes67/77€12k€1k▼
Profit (loss) for the period9904€32k€-76k▼
Profit (loss) for the period to be appropriated9905€32k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€63k▼
Profit (loss) brought forward from the previous period14P€107k€138k▲
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-76k ▼337%
Net result drops to €-76k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €150kEq €159k ▲25.2%
7 profitable years in a row build equity to €159k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €35k ▲217%
Net result €35k, the highest in the series.
31-12
Financial
Equity above €100kEq €127k ▲38.4%
6 profitable years in a row build equity to €127k.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2026
Swaelens Jean: Resigned as Director
21-09-2017
Vander Beken Christophe: Resigned as Manager
21-09-2017
Vander Beken Patrick: Resigned as Manager
Location & real-estate footprint
Registered office, Courcelles · 1 establishment unit since 2013
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.
Rue des Claires Fontaines(CO) 966180 CourcellesGround area
1,103 m²
Building footprint
54 m²
Volume, LiDAR
451 m³
Parcel 52015B1621/00Z003, Wallonia · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VDB TELECOMS
since 20132.219.394.543
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52015B1621/00Z003 | Wallonia | 1,103 m² | 1 · 54 m² | 10.1 m · 3 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.
Similar companies · same sector, comparable size
SOLUÇÃO
BE 0804.068.038
Waregem · Eq €83k
ELEANIS
BE 0768.672.441
Grimbergen · Eq €83k
Glenn Dewulf
BE 1017.968.775
Torhout · Eq €83k
BOUCHÉ MATHIEU
BE 0827.568.168
Aalter · Eq €83k
CLIMA-TIMS
BE 0799.644.145
Bekkevoort · Eq €83k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
61200Telecommunications resale and intermediation services
61900Telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:vdb-telecoms@hotmail.com
Phone:0497/435865