VDG IMMO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VDG IMMO is 0.8% (low). The 2024 annual accounts show equity of €17k and a net result of €8k. Equity is growing by ~72.4% per year across the filed fiscal years. Its solvency ranks better than 48% of 4951 sector peers (fiscal year 2024). The company has been active since 2020 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 (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. 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

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	08-07-2025	23 d early	2025-00246578
31-12-2023	31-07-2024	17-06-2024	44 d early	2024-00133274
31-12-2022	31-07-2023	25-07-2023	6 d early	2023-00267101
31-12-2021	31-07-2022	23-06-2022	38 d early	2022-20091227

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 2020, 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

0.8% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€3k

EBIT margin-33.2%

Net result€8k+57.3%

Working capital€-52k+20.6%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 08-07-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~72.4%/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 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	14.5%	16.7%	better than 48% of 4951 sector peers
Net result	€8k	€2k	better than 60% of 4943 sector peers
Equity	€17k	€27k	better than 43% of 4954 sector peers
Gross operating margin	€17k	€27k	better than 42% of 4937 sector peers
Total assets	€115k	€302k	better than 30% of 4953 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 P48

Weakening position over 2021-2024 · n=1749-4951

Net result P60

Improving position over 2021-2024 · n=1750-4943

Equity P43

Improving position over 2021-2024 · n=1750-4954

Gross operating margin P42

Improving position over 2021-2024 · n=1740-4937

Describes the position versus peers, not a forecast.

Revenue

€3k

- 21-24

EBITDA

€17k

+104.0% 21-24

Net profit

€8k

+57.3% 21-24

Cash flow

€13k

+83.9% 21-24

Total assets

€115k

+28.1% 21-24

Equity

€17k

+99.0% 21-24

Working capital

€-52k

+20.6% 21-24

Income taxes

€3k

+296.1% 21-24

Debt

€98k

+20.8% 21-24

Debt ≤ 1y

€98k

+20.8% 21-24

Current ratio

0.47

+141.1% 21-24

Quick ratio

0.47

+141.1% 21-24

Solvency

14.5%

+55.4% 21-24

Debt / equity

5.91

-39.3% 21-24

ROE

49.7%

-21.0% 21-24

ROA

7.2%

+22.8% 21-24

Net margin

-34.5%

- 21-24

EBITDA margin

-23.6%

- 21-24

Interest coverage

425.03

+78.9% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€17k
Net profit	€8k
Cash flow	€13k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€115k
Equity	€17k
Debt	€98k
of which ≤ 1y	€98k
of which > 1y	-
Working capital	€-52k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.47
Quick ratio	0.47
Working capital ratio	-45.2%
Solvency	14.5%
Debt / equity	5.91
Long-term debt ratio	-
Interest coverage	425.03
Gross margin	-
Net margin	-
ROA	7.2%
ROE	49.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €68k · 59.7% Current assets €46k · 40.4%

Equity & liabilities

Equity €17k · 14.5% Debt €98k · 85.5%

Full annual accounts

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

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€115k
Fixed assets	21/28	€68k
Formation expenses	20	€141
Intangible fixed assets	21	€18k
Financial fixed assets	28	€50k
Current assets	29/58	€46k
Amounts receivable within one year	40/41	€38k
Cash & bank	54/58	€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€115k
Equity	10/15	€17k
Contributions / capital	10/11	€6k
Reserves	13	€11k
Amounts payable	17/49	€98k
Amounts payable within one year	42/48	€98k
Trade debts payable within one year	44	€0
Income statement
Gross operating margin	9900	€17k
Operating result	9901	€11k
Financial charges	65	€39
Result before taxes	9903	€11k
Income taxes	67/77	€3k
Net result for the period	9904	€8k
Result to be appropriated	9905	€8k

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 2024 · computed

51 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

Amper en Sand BVLegal entity
Director
State Gazette act 22133766 (14-11-2022)

Current
03-10-2022 → present
Degemat BVLegal entity
Director
State Gazette act 22133766 (14-11-2022)

Current
03-10-2022 → present

Former directors (1)

Jens Dierckx
Director
State Gazette act 22133766 (14-11-2022)

Former
- → 03-10-2022

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 syndici van onroerend goed(68321)
Legal form	Private limited company(610)
Incorporation	24-09-2020
Status	Active
Postal code	2800

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Koning Albertstraat(WAL) 532800 Mechelen

Establishment units

1 location

VDG IMMO

Koning Albertstraat(WAL) 53, 2800 MechelenHandel in eigen onroerend goed

since 20202.308.665.821

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

Parcels1

Ground area328 m²

Buildings1

Building footprint326 m²

Volume (LiDAR)3,083 m³

Tallest building14.4 m · ±3 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.
12037B0098/00C004	Flanders	327 m²	1 · 326 m²	14.4 m · 3 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

Capital history · 1

14-11-2022

Capital change

All acts · 1 updated 3 years ago

2022

14-11-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

67 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 10

Growth 78

Stability 94

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