Summary
VDS 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 €29.13M and a net result of €1.58M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 5527 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
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. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €29.13M
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 27-05-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
38 d early
2023
27 d early
2022
on the day
2021
8 d late
2019
31 d early
2018
64 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€29.13M▲ 4.6%
2024 · €27.85M
2018: €2.84M
2019: €2.93M
2021: €3.15M
2022: €4.28M
2023: €4.45M
2024: €27.85M
2018 → 2025
Net result
€1.58M▼ 44.8%
2024 · €2.86M
2018: €99k
2019: €90k
2021: €224k
2022: €1.13M
2023: €379k
2024: €2.86M
2018 → 2025
Total assets
€31.81M▲ 2.0%
2024 · €31.20M
2018: €2.96M
2019: €3.05M
2021: €3.48M
2022: €4.43M
2023: €5.39M
2024: €31.20M
2018 → 2025
Solvency
91.6%▲ 2.3pp
2024 · 89.3%
2018: 95.8%
2019: 96.0%
2021: 90.7%
2022: 96.7%
2023: 82.4%
2024: 89.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.15M-€4.28M▲ 35.8%€4.45M▲ 3.8%€27.85M▲ 526%€29.13M▲ 4.6%
Operating result€317k-€241k▼ 24.0%€473k▲ 96.6%€2.55M▲ 439%€2.09M▼ 18.1%
Net result€224k-€1.13M▲ 403%€379k▼ 66.4%€2.86M▲ 655%€1.58M▼ 44.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.81M
Fixed assets
€27.98M ▲ 1.8%
Current assets
€3.83M ▲ 3.4%
Equity and liabilities €31.81M
Equity
€29.13M ▲ 4.6%
Provisions
€45k =
Debt
€2.64M ▼ 20.1%
Debt's share of the balance-sheet total falls from 10.6% to 8.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.4%▼
2024 · 10.3%
ROA
5.0%▼
2024 · 9.2%
Debt ≤ 1 year
€1.76M▼
2024 · €2.21M
Debt > 1 year
€875k▼
2024 · €1.09M
Income taxes
€529k▼
2024 · €622k
Staff costs
€132k▼
2024 · €160k
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 · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31.20M€31.81M▲
Fixed assets21/28€27.49M€27.98M▲
Tangible fixed assets22/27€14k€3k▼
Plant, machinery and equipment23€164€0▼
Furniture and vehicles24€14k€3k▼
Financial fixed assets28€27.48M€27.98M▲
Current assets29/58€3.70M€3.83M▲
Stocks and contracts in progress3€48k€48k=
Stocks30/36€48k€48k=
Amounts receivable within one year40/41€3.22M€3.51M▲
Trade receivables40€9k€12k▲
Other amounts receivable41€3.21M€3.50M▲
Cash at bank and in hand54/58€433k€266k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€31.20M€31.81M▲
Equity10/15€27.85M€29.13M▲
Contributions10/11€2.60M€2.60M=
Revaluation surpluses12€21.14M€21.14M=
Reserves13€4.11M€5.39M▲
Distributable reserves133€4.11M€5.39M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€45k€45k=
Provisions for liabilities and charges160/5€45k€45k=
Other liabilities and charges164/5€45k€45k=
Amounts payable17/49€3.31M€2.64M▼
Amounts payable after more than one year17€1.09M€875k▼
Financial debts170/4€1.09M€875k▼
Amounts payable within one year42/48€2.21M€1.76M▼
Current portion of amounts payable after more than one year42€238k€214k▼
Financial debts43€990k€0▼
Credit institutions430/8€990k€0▼
Trade debts44€23k€33k▲
Suppliers440/4€23k€33k▲
Taxes, remuneration and social security45€62k€106k▲
Taxes450/3€32k€90k▲
Remuneration and social security454/9€30k€16k▼
Other amounts payable47/48€900k€1.41M▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€160k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€11k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€2.73M€2.23M▼
Operating profit (loss)9901€2.55M€2.09M▼
Financial income75/76B€3.08M€115k▼
Recurring financial income75€3.08M€115k▼
Financial charges65/66B€2.15M€93k▼
Recurring financial charges65€146k€93k▼
Non-recurring financial charges66B€2.00M€0▼
Profit (loss) for the period before taxes9903€3.48M€2.11M▼
Income taxes67/77€622k€529k▼
Profit (loss) for the period9904€2.86M€1.58M▼
Profit (loss) for the period to be appropriated9905€2.86M€1.58M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.86M€1.58M▼
Transfer to equity691/2€2.26M€1.28M▼
To other reserves6921€2.26M€1.28M▼
Profit to be distributed694/7€600k€300k▼
Return on contributions (dividend)694€600k€300k▼
Social balance
Average headcount (FTE)90872.72.8▲
The notes to these accounts (21 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-11
Financial
Highest result since 2018net €2.86M ▲655%
Operating result €2.55M, net result €2.86M, both a record.
30-11
Financial
Equity above €25MEq €27.85M ▲526%
6 profitable years in a row build equity to €27.85M.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-11
Financial
Liquidity times 7current ratio 16.36
Current ratio from 2.23 to 16.36; short-term debt falls from €280k to €101k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €90k ▼9.2%
Net result drops to €90k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Aarschot · 1 establishment unit since 1994
Ground area
474 m²
Building footprint
474 m²
Volume, LiDAR
6,084 m³
Parcel 24029A0453/00B000, Flanders · tallest building 21.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Begijnendijksesteenweg 221, 3200 Aarschot
since 19942.065.608.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24029A0453/00B000 | Flanders | 473 m² | 1 · 473 m² | 21.5 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,317 EUR awarded · 4,317 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,130 EUR | 2,130 EUR |
| 2024 | 1 | 173 EUR | 173 EUR |
| 2023 | 1 | 140 EUR | 140 EUR |
| 2022 | 1 | 1,874 EUR | 1,874 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 3,545 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
Founded10-01-1994
Fiscal year end30-11
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.