VDEVF (Van de Velde NV) Altman Z-Score: 8.51 (As of Jul. 03, 2026) — Near Median


VDEVF Van de Velde NV VDEVF
82 GF Score
Price $35.66
GF Value $38.16
! 3 Warning Signs
View Full Analysis

What is Van de Velde NV Altman Z-Score?

Van de Velde NV VDEVF 82 Altman Z-Score is 8.51 as of Jul. 03, 2026, which is 9% below its 10-year median of 9.39. GuruFocus rates VDEVF with a GF Score™ of 82/100 and a GF Value™ of $38.16. The stock has 3 warning signs investors should review. Among 1,030 Manufacturing - Apparel & Accessories companies, Van de Velde NV ranks better than 92.52% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 8.68 is strong.

Van de Velde NV has a Altman Z-Score of 8.51, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Van de Velde NV's Altman Z-Score or its related term are showing as below:

VDEVF' s Altman Z-Score Range Over the Past 10 Years
Min: 7.27   Med: 9.39   Max: 17.3
Current: 8.68

During the past 13 years, Van de Velde NV's highest Altman Z-Score was 17.30. The lowest was 7.27. And the median was 9.39.


Van de Velde NV  (OTCPK:VDEVF) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Van de Velde NV Altman Z-Score Related Terms


Van de Velde NV Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Van de Velde NV's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Van de Velde NV Altman Z-Score Chart

Van de Velde NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.44 9.38 10.52 9.02 8.68

Van de Velde NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.52 0.00 9.02 0.00 8.68

VDEVF vs RL, LEVI, VFC: Altman Z-Score Comparison

For the Apparel Manufacturing subindustry, Van de Velde NV's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Van de Velde NV Altman Z-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Van de Velde NV's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Van de Velde NV's Altman Z-Score falls into.


VDEVF
82GF Score
Van de Velde NV VDEVF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Van de Velde NV Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Van de Velde NV's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.4614+1.4*0.8378+3.3*0.141+0.6*8.7292+1.0*1.084
=8.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was $218.6 Mil.
Total Current Assets was $139.1 Mil.
Total Current Liabilities was $38.3 Mil.
Retained Earnings was $183.1 Mil.
Pre-Tax Income was $29.9 Mil.
Interest Expense was $-0.9 Mil.
Revenue was $237.0 Mil.
Market Cap (Today) was $426.1 Mil.
Total Liabilities was $48.8 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(139.13 - 38.269)/218.587
=0.4614

X2=Retained Earnings/Total Assets
=183.135/218.587
=0.8378

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(29.904 - -0.908)/218.587
=0.141

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=426.080/48.811
=8.7292

X5=Revenue/Total Assets
=236.957/218.587
=1.084

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Van de Velde NV has a Altman Z-Score of 8.51 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 8.51 mean?
Van de Velde NV (VDEVF) has a Altman Z-Score of 8.51 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Van de Velde NV and its competitors. This is near median its historical median of 9.39. Over the past decade, Van de Velde NV's Altman Z-Score has ranged from 7.27 to 17.30. According to the industry distribution chart, Van de Velde NV ranks #77 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 7.5%.
Is Van de Velde NV's Altman Z-Score too high?
Van de Velde NV's current Altman Z-Score of 8.51 is near median its 10-year median of 9.39. Over the past 10 years, this metric has ranged from a low of 7.27 to a high of 17.30. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.50. Van de Velde NV's value of 8.51 is 241.1% above this industry median. Based on the distribution chart, Van de Velde NV ranks #77 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Van de Velde NV has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Van de Velde NV's Altman Z-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Van de Velde NV ranks #77 out of 1030 companies for Altman Z-Score. This places Van de Velde NV in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.50. Van de Velde NV's value of 8.51 is 241.1% above this benchmark. Historically, Van de Velde NV's own Altman Z-Score has ranged from 7.27 to 17.30 over the past decade. While the company's 10-year median is 9.39 vs. the industry median of 2.50, Van de Velde NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.50, based on 1,030 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Van de Velde NV's current Altman Z-Score of 8.51 is 241.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Van de Velde NV and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Van de Velde NV's current Altman Z-Score is 8.51, which is near median its own 10-year median of 9.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Van de Velde NV stock overvalued right now?
Van de Velde NV (VDEVF) has a current Altman Z-Score of 8.51. The stock's GF Value™ is $38.16, compared to a current price of $35.66 — trading 6.6% below its estimated fair value. The current Altman Z-Score is 8.51, which is near median its 10-year median of 9.39 and 241.1% above the Manufacturing - Apparel & Accessories industry median of 2.50. Van de Velde NV's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Van de Velde NV (VDEVF), the current Altman Z-Score is 8.51 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Van de Velde NV (VDEVF) Overvalued in 2026?

Based on GuruFocus' analysis, Van de Velde NV stock appears to be undervalued. The current stock price of $35.66 is trading 6.6% below its estimated GF Value™ of $38.16.

Key valuation signals for VDEVF:

  • Altman Z-Score: 8.51 (near median its 10-year median of 9.39)
  • GF Value™: $38.16 vs. price of $35.66 (6.6% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 241.1% above the Manufacturing - Apparel & Accessories median (#77 of 1030)

No single metric tells the full story. See the VDEVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Van de Velde NV Business Description

Address Lageweg 4, Schellebelle, BEL, 9260
Van de Velde NV designs and produces women's lingerie. Brands include Marie Jo, Primadonna, and Andres Sarda. The company distinguishes two operational segments based on the operating model: the B2B (business to business) and the D2C (direct to consumer) distribution channel. Van de Velde sells majority of its items through the wholesale channel to independent specialty retailers. The remaining sales are through retail stores the company owns or franchises. Van de Velde sells its products globally, and it has retail stores throughout continental Europe, the United Kingdom, the United States, Hong Kong, and Dubai.
82GF Score

Get the complete analysis for VDEVF

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$35.66
Price
$38.16
GF Value