VDH Transport Group
ActiveSummary
The computed 12-month bankruptcy probability of VDH Transport Group is 4.9% (elevated). The 2024 annual accounts show equity of €5k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 727 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+77
Solvency26▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.67 against 0.93 in 2023; short-term debt: 58.7% and cash: 2.9% of total assets), and 98.6% 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.
+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 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
1.4%
Return on assets
6.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 727 sector peers (2024).
NBB · sector comparisonPosition among 727 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
28 d late
2022
38 d late
2021
24 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k
2023 · €-2k
2020: €15k
2021: €-2k
2022: €20k
2023: €-2k
2020 → 2024
Total assets
€376k▲ 385%
2023 · €78k
2020: €34k
2021: €45k
2022: €48k
2023: €78k
2020 → 2024
Net result
€25k
2023 · €-22k
2020: €12k
2021: €-17k
2022: €22k
2023: €-22k
2020 → 2024
Working capital
€-73k▼ 1,672%
2023 · €-4k
2020: €15k
2021: €-2k
2022: €20k
2023: €-4k
2020 → 2024
Multi-year overview
Available amounts per fiscal year
Line20202021202220232024Trend
Equity€15k-€-2k€20k€-2k€5k
Operating result€12k-€-15k€30k€-19k€45k
Net result€12k-€-17k€22k€-22k€25k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €45k after a loss of €19k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €376k
Fixed assets
€229k ▲ 990%
Current assets
€147k ▲ 160%
Equity and liabilities €376k
Equity
€5k
Debt
€371k
Debt finances 98.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€94k▲
2023 · €-19k
Cash flow
€74k▲
2023 · €-22k
Current ratio
0.67▼
2023 · 0.93
Debt to equity
69.85▲
2023 · -37.44
ROE
478.9%
ROA
6.8%▲
2023 · -28.9%
Interest coverage
6.28▲
2023 · -6.11
Debt ≤ 1 year
€221k▲
2023 · €61k
Debt > 1 year
€150k▲
2023 · €19k
Income taxes
€5k▲
2023 · €378
Staff costs
€440k▲
2023 · €156k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€78k€376k▲
Fixed assets21/28€21k€229k▲
Tangible fixed assets22/27€21k€229k▲
Plant, machinery and equipment23€19k€15k▼
Furniture and vehicles24€2k€5k▲
Leasing and similar rights25-€209k
Current assets29/58€57k€147k▲
Amounts receivable within one year40/41€49k€132k▲
Trade receivables40€46k€132k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€6k€11k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€78k€376k▲
Equity10/15€-2k€5k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-5k€3k▲
Amounts payable17/49€80k€371k▲
Amounts payable after more than one year17€19k€150k▲
Financial debts170/4€19k€150k▲
Amounts payable within one year42/48€61k€221k▲
Current portion of amounts payable after more than one year42€14k€66k▲
Trade debts44€14k€24k▲
Suppliers440/4€14k€24k▲
Taxes, remuneration and social security45€33k€115k▲
Taxes450/3€4k€19k▲
Remuneration and social security454/9€29k€96k▲
Other amounts payable47/48€645€15k▲
Income statement
Code20232024
Remuneration, social security and pensions62€156k€440k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€479€48k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€142k€537k▲
Operating profit (loss)9901€-19k€45k▲
Financial income75/76B€149-
Recurring financial income75€149-
Financial charges65/66B€3k€15k▲
Recurring financial charges65€3k€15k▲
Profit (loss) for the period before taxes9903€-22k€30k▲
Income taxes67/77€378€5k▲
Profit (loss) for the period9904€-22k€25k▲
Profit (loss) for the period to be appropriated9905€-22k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€21k▲
Profit (loss) brought forward from the previous period14P€18k€-5k▼
Profit to be distributed694/7-€18k
Return on contributions (dividend)694-€18k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-22k ▼201%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2020
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.
Liersesteenweg 4222800 MechelenGround area
7,287 m²
Building footprint
4,025 m²
Volume, LiDAR
27,763 m³
2 parcels, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDH Transport Group
since 20202.305.478.083
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0095/02B000 | Flanders | 7,030 m² | 1 · 3,911 m² | 8.2 m · 2 fl. |
| 12402D0652/00K000 | Flanders | 257 m² | 1 · 114 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.305.478.083
Parcel delivery
Notified to the BIPT
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GEPOST
BE 0651.806.247
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BTIM TRANS
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Of 4,915 companies in sector 53200 we hold annual accounts for 1,329. 707 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.