Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 31 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
V.D.S.-FOOD from Vorst, company number BE0417282122, closed financial year 2025 with a result of € 3.4 million after tax. For that financial year V.D.S.-FOOD recorded revenue of € 54.4 million and equity of € 6.5 million. Compared with financial year 2024, the result moved from € 2.4 million to € 3.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 26, 2025.
€ 6.5 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.4 million
▲ 42% vs 2024
Profit after tax over the fiscal year.
€ 1.6 million
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.5 million paid out
73 % of the profit went to the shareholders, mostly to ABIM (100 % of the shares). That is where the money ends up.
People and assets in 2025
84.5
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.1 million
▲ 30% vs 2024
€ 48,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.2 million
▲ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 162,505
▼ 74% vs 2024
€ 90,518 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4.3 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 552,267
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,698,962 | € 53,627,709 | € 41,784,799 | € 54,424,069 | ▲ 30% |
| Profit after taxes | € 1,987,181 | € 3,029,290 | € 2,426,714 | € 3,436,857 | ▲ 42% |
| Equity | € 3,110,946 | € 3,213,797 | € 5,605,235 | € 6,498,732 | ▲ 16% |
| Total debts | € 6,531,160 | € 6,539,071 | € 5,022,277 | € 7,547,736 | ▲ 50% |
| Cash | € 852,855 | € 1,725,666 | € 1,517,430 | € 1,615,701 | ▲ 6% |
| Land & buildings | € 436,682 | € 392,264 | € 342,687 | € 291,726 | ▼ 15% |
| Retained profit | € 2,826,774 | € 2,983,563 | € 5,410,278 | € 6,347,486 | ▲ 17% |
| Dividend | € 2,240,550 | € 2,872,500 | € 0 | € 2,500,000 | |
| Bank debt | € 1,429,780 | € 966,545 | € 616,808 | € 162,505 | ▼ 74% |
| Balance sheet total | € 9,756,805 | € 9,822,616 | € 10,663,548 | € 14,046,778 | ▲ 32% |
| Employees (FTE) | 70.9 | 79.5 | 88 | 84.5 | ▼ 3.5 |
Key figures of V.D.S.-FOOD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to V.D.S.-FOOD?
What happened at V.D.S.-FOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- C.C.S.V. Management stepped down as director. NBB
- Thierry Legat stepped down as director. NBB
- Stephen Bender stepped down as director. NBB
- VADELI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.4 million (▲ 42% vs 2024). Source: NBB ↗
- C.C.S.V. Management became a director. NBB
- Laurent Lioulas stepped down as director. NBB
- Laurent Lioulas became a director. NBB
In short
From € 2 million profit in 2022 to € 3.4 million profit in 2025.
Paid € 3.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.4 million profit.
Paid out € 7.6 million in dividends to the owners in total.
A new publication or filing at V.D.S.-FOOD? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ABIM, Bidfood Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
V.D.S.-FOODThe shares are held by ABIM (100%) and Bidfood Belgium (100%).
Directors
According to the 2025 annual accounts
Laurent Lioulas
Director
Also active at: Bidfood, BIDFOOD DE CLERCQ, BIDFOOD MAKADY, Bidfood Horeca Service, Bidfood Belgium, FOOD TRANS, IVOMATEC, FICOTAX +2 more
since 2024 · until 2025
Director · represented by Sébastien Claude Veldeman
Also active at: DECUYP, Bidfood, FOSTER FAST FOOD, BIDFOOD DE CLERCQ, BIDFOOD MAKADY, Bidfood Horeca Service, Bidfood Belgium, FOOD TRANS +3 more
since 2025 · until 2029
since 2024 · until 2026
Thierry Legat
Managing director
Also active at: Bidfood, BIDFOOD MAKADY, Bidfood Belgium, FOOD TRANS, IVOMATEC, VDS-FOOD BXL, BIDFOOD FLANDERS
since 2024 · until 2029
since 2024 · until 2029
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Van Volxemlaan 461
1190 Vorst
Rue Prés-Champs 4
4671 Blégny
Active since 14 March 2006
Avenue Léonard de Vinci 6
1300 Wavre
Active since 1 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.282.122
- VAT number
- BE 0417.282.122
- Registered office
- Van Volxemlaan 461, 1190 Vorst
- Names & denominations
- V.D.S.-FOOD · VDS-FOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1977
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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