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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VDS-Projects from Kortrijk, company number BE0789884460, closed financial year 2025 with a result of € 175,189 after tax. For that financial year VDS-Projects recorded a gross margin of € 329,103 and equity of € 151,892. Compared with financial year 2024, the result moved from € -9,996 to € 175,189. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 15, 2026.
€ 151,892
▲ € 133,189 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 175,189
▲ still € 9,996 loss in 2024
Profit after tax over the fiscal year.
€ 89,749
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 42,000 paid out
24 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 1.8 million
▼ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 83,128
▲ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,647
▲ € 25,938 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,074 | € 6,441 | € 18,075 | € 329,103 | ▲ € 311,028 |
| Profit after taxes | € -9,275 | € -4,026 | € -9,996 | € 175,189 | ▲ € 185,185 |
| Equity | € 32,725 | € 28,699 | € 18,703 | € 151,892 | ▲ € 133,189 |
| Total debts | € 770,342 | € 1,576,293 | € 2,318,599 | € 2,025,424 | ▼ 13% |
| Cash | € 93,243 | € 20,394 | € 53,154 | € 89,749 | ▲ 69% |
| Retained profit | € -9,275 | € -13,301 | € -23,297 | € 109,892 | ▲ € 133,189 |
| Dividend | € 0 | € 0 | € 0 | € 42,000 | |
| Bank debt | € 755,053 | € 1,504,151 | € 2,209,590 | € 1,824,915 | ▼ 17% |
| Balance sheet total | € 803,067 | € 1,604,992 | € 2,337,302 | € 2,177,316 | ▼ 7% |
Key figures of VDS-Projects, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VDS-Projects?
What happened at VDS-Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 175,189. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,275 loss in 2022 to € 175,189 profit in 2025.
Paid € 44,753 in corporate taxes since 2022.
Best year ever: 2025, with € 175,189 profit.
Paid out € 42,000 in dividends to the owners in total.
Management
Behind VDS-Projects are Stijn Vanassche and VDS Groep BV.
Directors
According to the 2025 annual accounts
Stijn Vanassche
Director
Director · represented by Pauwels Frank
Establishments
Establishment units
Physical locations of this company
Meensesteenweg(Bis) 96
8501 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0789.884.460
- VAT number
- BE 0789.884.460
- Registered office
- Meensesteenweg(Bis) 96, 8501 Kortrijk
- Names & denominations
- VDS-Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 2022
- Peppol
- Active · Active since 20 Aug 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Overige zakelijke dienstverlening, neg