VDS PRODUCTS
ActiveSummary
VDS PRODUCTS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €1k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+7
Solvency97▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 3.53 in 2024; short-term debt: 21.3% and cash: 59.9% of total assets), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.4%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
17 d early
2023
43 d early
2022
61 d early
2021
17 d early
2020
40 d early
2019
16 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€59k▲ 2.3%
2024 · €58k
2018: €38k
2019: €29k
2020: €14k
2021: €27k
2022: €44k
2023: €61k
2024: €58k
2018 → 2025
Total assets
€81k▼ 15.5%
2024 · €96k
2018: €217k
2019: €182k
2020: €118k
2021: €84k
2022: €139k
2023: €125k
2024: €96k
2018 → 2025
Net result
€1k
2024 · €-4k
2018: €11k
2019: €-9k
2020: €-15k
2021: €13k
2022: €17k
2023: €17k
2024: €-4k
2018 → 2025
Working capital
€47k▲ 0.5%
2024 · €47k
2018: €8k
2019: €5k
2020: €-7k
2021: €23k
2022: €26k
2023: €49k
2024: €47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€44k▲ 65.2%€61k▲ 38.6%€58k▼ 6.3%€59k▲ 2.3%
Operating result€14k-€19k▲ 33.3%€22k▲ 17.2%€-4k€2k
Net result€13k-€17k▲ 36.4%€17k▼ 2.3%€-4k€1k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€17k ▼ 44.8%
Current assets
€64k ▼ 1.5%
Equity and liabilities €81k
Equity
€59k ▲ 2.3%
Debt
€22k ▼ 41.9%
Debt's share of the balance-sheet total falls from 40.2% to 27.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €10k
Cash flow
€15k▲
2024 · €10k
Current ratio
3.71▲
2024 · 3.53
Debt to equity
0.38▼
2024 · 0.67
ROE
2.2%▲
2024 · -6.7%
ROA
1.6%▲
2024 · -4.0%
Interest coverage
29.07▲
2024 · 12.55
Debt ≤ 1 year
€17k▼
2024 · €18k
Debt > 1 year
€5k▼
2024 · €19k
Income taxes
€1k▲
2024 · €228
Staff costs
€1k▼
2024 · €12k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€96k€81k▼
Fixed assets21/28€31k€17k▼
Tangible fixed assets22/27€31k€17k▼
Plant, machinery and equipment23€636€355▼
Leasing and similar rights25€30k€17k▼
Current assets29/58€65k€64k▼
Amounts receivable within one year40/41€14k€13k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€9k€10k▲
Cash at bank and in hand54/58€49k€49k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€96k€81k▼
Equity10/15€58k€59k▲
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-9k€-8k▲
Amounts payable17/49€39k€22k▼
Amounts payable after more than one year17€19k€5k▼
Financial debts170/4€19k€5k▼
Amounts payable within one year42/48€18k€17k▼
Current portion of amounts payable after more than one year42€14k€14k▲
Trade debts44€1k€969▼
Suppliers440/4€1k€969▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€445€0▼
Accrued charges and deferred income492/3€1k€458▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€12k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€890€1k▲
Gross operating margin9900€23k€19k▼
Operating profit (loss)9901€-4k€2k▲
Financial income75/76B€981€516▼
Recurring financial income75€981€516▼
Financial charges65/66B€802€561▼
Recurring financial charges65€802€561▼
Profit (loss) for the period before taxes9903€-4k€2k▲
Income taxes67/77€228€1k▲
Profit (loss) for the period9904€-4k€1k▲
Profit (loss) for the period to be appropriated9905€-4k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-8k▲
Profit (loss) brought forward from the previous period14P€-5k€-9k▼
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €17k ▲36.4%
Net result €17k, the highest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Heers · 1 establishment unit since 2003
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.
Sportstraat(H) 53870 HeersGround area
253 m²
Building footprint
78 m²
Volume, LiDAR
551 m³
Parcel 73022A0161/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VDS PRODUCTS
since 20032.133.011.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73022A0161/00G000 | Flanders | 253 m² | 1 · 78 m² | 8.6 m · 2 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
SCHILDERWERKEN DE SPIEGELEER
BE 0538.953.774
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Beylik
BE 0793.497.909
Beringen · Eq €58,579
PRO DESIGN SRL
BE 1002.082.947
Ans · Eq €59,177
BVA BOIS CONSTRUCT
BE 0732.505.297
Lens (Hainaut) · Eq €58,484
KLIMA HOUSE
BE 0873.024.051
Verviers · Eq €59,251
Of 7,293 companies in sector 43350 we hold annual accounts for 2,363. 2,004 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
Founded22-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
46649Wholesale of other machinery and equipment
55202Accommodation
55300Accommodation
56210Event catering
56220Contract catering and other food service activities
63920Other information service activities
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
77210Renting and leasing of sports and recreation goods
81220Other building cleaning and industrial cleaning
82990Other business support services
96101Personal service activities
96102Launderettes and laundries for private customers
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.