Equity
-€121,112
Debts exceed assets in financial year 2025.
VADAK
Lifetime
10 annual accounts with figures on one time axispeak €91,923 (2016)
€74,658▲ €129,223
lowest -€101,571 (2022)
€63,177▲ €134,578
peak €13,668 (2020)
-€121,112▲ €63,177
€148,528▼ 27.8%
peak 1.1 FTE (2016)
-not published
Board2 names since 2018
1 directorVAN DESSEL Iwan
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Gross margin from -€54,565 to €74,658Back to profit: €63,177Equity from -€184,289 to -€121,112Debts from €205,705 to €148,528Investments €15,785Cash from €2,655 to €1,654
Key points
from the 2025 annual accountsResult
€63,177 €63,177
Back in profit in 2025, after a loss of €71,401 in 2024.
Debts
€148,528 542% of the balance sheet
Investments
€15,785 2.3 × depreciation
Green is investment, beige is depreciation.
Filings
10 annual accounts 11 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
-441.8%
Lower solvency than 95% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
55
Fair
Financially stronger than 44% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%highest value
01-2025: 2.1%▼ -0.1 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 1.9%▼ -0.1 percentage points vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%▼ -1.0 percentage point vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 0.7%▼ -0.2 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 1.1%▲ +0.4 percentage points vs 09-2026
11-2026: 1.2%▲ +0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Figures for financial year 2025 (filed on 31-10-2025)
Negative equity -€121,112
lowers risk
Size: total assets €27,416
Founded in 2014
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 3% of them on solvency, 5% on liquidity, 92% on profitability and 77% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as VADAK has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VADAK itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for VADAK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.04 in 2024), below 1. Short-term debt is 541.8% and cash 6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
27 days late
2023
30 days late
2022
14 days late
2021
6 days early
2020
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 5 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Company renamed from AMANI to VADAK
Change of role: VAN DESSEL Iwan, from director and manager to director · “De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of…” (deed in Dutch) · General meeting of 25-08-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0555918480
Registered office moved from Landen to Tienen
New registered office: Gallicstraat 15, 3300 Tienen · Previous registered office: Brabantlaan 13, 3400 Landen · Van Dessel Iwan holds 100 shares · General meeting of 21-01-2022 · Gazette deed
New manager
Iwan Van Dessel appointed, Rimma Ablyaeva resigned · General meeting of 01-01-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VADAK Tienen | €27,416 | €74,658 | -441.8% | - |
| JOVI SCREEN Londerzeel | €35,639 | €63,474 | 74.2% | - |
| SABLON PROJECTS Aalst | €31,514 | €62,639 | -166.6% | - |
| ALEXA Management Enghien | €21,261 | €82,176 | -40.6% | - |
| Côtémaison Manage | €43,535 | €80,841 | 69.0% | - |
| R. VERSCHUEREN Holsbeek | €27,863 | €53,557 | 13.0% | 1.2 |
| David De Vits Hoeilaart | €31,340 | €41,312 | -217.4% | - |
These companies have the same main activity as VADAK: joinery installation (NACE 43320). They are comparable in size and age: total assets between €21,300 and €43,500, founded between 2008 and 2016.
Official details
Source: KBO- Status
- Active since 09-07-2014Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Establishment unit
- 2.233.532.8863300 Tienen, since 11-07-2014
- Financial year end
- 31 March
- Peppol
- Reachable since 13-10-2025
Annual accounts to 31-03-2025
- ≈ €300,000estimated
- €27,416▲ 28.0%
- Filing
- Filed on 31-10-2025
Insights on VADAK
VADAK files the micro format. That format states no turnover. The gross margin fell from €91,923 in 2016 to €74,658 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VADAK
- What is the company number of VADAK?
- The company number of VADAK is 0555.918.480. The VAT number is the same number with BE in front: BE 0555.918.480.
- Where is VADAK based?
- The registered office is at Gallicstraat 15, 3300 Tienen.Company details
- What does VADAK do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VADAK?
- VADAK is a private limited company (BV).
- When was VADAK founded?
- VADAK was founded on 09-07-2014.
- Is VADAK still active?
- Yes, VADAK is an active enterprise in the KBO register.
- How many employees does VADAK have?
- VADAK had an average of 0.1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of VADAK?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €74,658 and 39 comparable companies (NACE 43320). It probably lies between €220,000 and €460,000.
- Is VADAK profitable?
- In financial year 2025, VADAK made a profit of €63,177.
- Where can I find the annual accounts of VADAK?
- VADAK filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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