Equity
€61.9m ▲ 6.1%
GADA has made a profit in every financial year since 2007.
GADA
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1992peak €61.9m (2025)
€61.9m▲ 6.1%
peak €14.0m (2016)
€3.6m▲ 35.9%
peak €61.9m (2025)
€61.9m▲ 6.1%
€68,720▲ 22.7%
Board6 names since 2016
5 directorsAngelique Vanderschelden and 4 others
Owners
Documentsfilings and deeds
11-12-202551 days before the deadline
2025financial year
Result from €2.6m to €3.6mReappointment: Figurad Bedrijfsrevisoren (statutory auditor) 12-02Debts from €55,996 to €68,720
Key points
from the 2025 annual accountsResult
€3.6m ▲ 35.9%
The result rose in 2025 from €2.6m to €3.6m.
Growth
9 years
9 years of growth in a row. Turnover 2025: €662,796.
Payment terms
30 days to suppliers
GADA pays its suppliers 10 days later than in 2024.
Filings
34 annual accounts since 1992
The last five annual accounts were filed 29 to 58 days before the end of the period.
Position in the sector
99.9%
Higher solvency than 95% of companies in head offices and management consultancy. Sector median 53.3% · 3,873 companies.
Checked score
96
Excellent
Financially stronger than 70% of large companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 204 companies (NACE 70, large).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 848.67, cash €2.3m
lowers risk
Equity €61.9m (99.9% of total assets)
Sector: Activities of head offices; management consultancy activities (NACE 70)
Legal form: public limited company
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 70, large). It does better than 75% of them on solvency, 87% on liquidity, 67% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 321 companies had the same profile as GADA has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of GADA itself: < 0.1% 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 321 companies, not a prediction for GADA. 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
Credit of up to €65,000 on 30-day terms is acceptable
Short-term debt is 0.1% and cash 3.6% of total assets. 0.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-12-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
53 days early
2023
29 days early
2022
53 days early
2021
58 days early
2020
46 days early
2019
54 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 49 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 9 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Permanent representatives: Antoon Vanderschelden and Gratia Vanderschelden
Board meeting of 01-12-2025 · Gazette deed
Reappointment: Figurad Bedrijfsrevisoren (statutory auditor)
General meeting of 06-12-2024 · Gazette deed
Amendment of the articles
General meeting of 29-12-2023 · Gazette deed
5 directors appointed
AVA nv, Gratia Vanderschelden, Angelique Vanderschelden, Anthony Vanderschelden and David Vanderschelden · General meeting of 02-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GADA Gavere | €0.7m | 33.2% | 99.9% | - |
| SOPAR Roeselare | €0.7m | 6.8% | 83.2% | 2.3 |
| MIERIC Temse | €1.7m | 47.3% | 95.3% | 1.8 |
| BWW INVEST Heusden-Zolder | €1.3m | 59.7% | 88.1% | 1.9 |
| DEN HOED Kalmthout | €1.7m | -59.1% | 65.7% | 3 |
| greif services belgium Brecht | €1.3m | - | 12.7% | 11.4 |
| WEBPLICATIONS Antwerp | €0.5m | - | -37.2% | 2 |
Grey: the largest companies of the sector (head offices and management consultancy (NACE 70)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GADA: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €31m and €148m, founded between 1987 and 2007.
Official details
Source: KBO- Status
- Active since 29-11-1991Normal situation
- Activity
- Activities of head officesNACE 70100and 1 other
- Establishment unit
- 2.055.976.9609890 Gavere, since 28-01-1992
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €61.9m▲ 6.1%
- Filing
- Filed on 11-12-2025, 51 days before the end of the filing period
Insights on GADA
GADA has existed since 1991. The balance sheet total grew from €7.2m in 2007 to €61.9m in 2025.
The balance sheet total has grown every year since 2007.
AVA holds 92% of the shares.
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 GADA
- What is the company number of GADA?
- The company number of GADA is 0445.836.150. The VAT number is the same number with BE in front: BE 0445.836.150.
- Where is GADA based?
- The registered office is at Baaigemstraat 199, 9890 Gavere.Company details
- What does GADA do?
- According to the KBO register, the main activity is activities of head offices (NACE 70100).
- What is the legal form of GADA?
- GADA is a public limited company (NV).
- When was GADA founded?
- GADA was founded on 29-11-1991.
- Is GADA still active?
- Yes, GADA is an active enterprise in the KBO register.
- What is the turnover of GADA?
- The turnover of GADA was €662,796 in financial year 2025, according to the filed annual accounts.Financials
- Is GADA profitable?
- In financial year 2025, GADA made a profit of €3.6m.
- Where can I find the annual accounts of GADA?
- GADA filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GADA due?
- GADA must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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