Groep VADE

Active

Private limited companyfounded 20233 yrs activeGistelse Steenweg 204, 8200 Brugge, BelgiumKBO/BCE: BE 0800.041.350

The computed 12-month bankruptcy probability of Groep VADE is 3.4% (moderate). The 2025 annual accounts show equity of €257k and a net result of €106k. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 10252 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

52 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability79▼-2

Solvency45▲+2

Growth78=

Track record94

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 0.31 in 2024; short-term debt: 23.9% and cash: 2.6% of total assets), and 80.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

19.7%

Return on assets

8.2%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

130 d early

2024

111 d early

2023

on the day

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

17-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€257k▲ 50.5%

2024 · €171k

2023: €79k 2024: €171k

2023 → 2025

Total assets

€1.30M▲ 39.8%

2024 · €932k

2023: €699k 2024: €932k

2023 → 2025

Net result

€106k▲ 13.4%

2024 · €94k

2023: €77k 2024: €94k

2023 → 2025

Working capital

€99k

2024 · €-248k

2023: €-262k 2024: €-248k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€79k-€171k▲ 117%€257k▲ 50.5%

Operating result€109k-€134k▲ 23.7%€156k▲ 15.9%

Net result€77k-€94k▲ 21.4%€106k▲ 13.4%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2025 is 16% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.30M

68.6%

31.4%

Fixed assets €894k▲ 8.9%

Current assets €410k▲ 267%

Equity and liabilities €1.30M

19.7%

80.3%

Equity €257k▲ 50.5%

Debt €1.05M▲ 37.5%

The debt ratio falls from 81.7% to 80.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€250k▼

2024 · €266k

Cash flow

€201k▼

2024 · €225k

Solvency

19.7%▲

2024 · 18.3%

Current ratio

1.32▲

2024 · 0.31

Quick ratio

1.20▲

2024 · 0.22

Debt / equity

4.07▼

2024 · 4.46

ROE

41.3%▼

2024 · 54.9%

ROA

8.2%▼

2024 · 10.1%

Interest coverage

12.57▼

2024 · 18.57

Debt

€1.05M▲

2024 · €761k

Debt ≤ 1 year

€311k▼

2024 · €360k

Debt > 1 year

€732k▲

2024 · €399k

Income taxes

€30k▲

2024 · €27k

Staff costs

€198k▲

2024 · €176k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€932k€1.30M▲

Fixed assets21/28€821k€894k▲

Intangible fixed assets21€10k€9k▼

Tangible fixed assets22/27€810k€884k▲

Land and buildings22€612k€686k▲

Plant, machinery and equipment23€120k€105k▼

Furniture and vehicles24€68k€49k▼

Other tangible fixed assets26€10k€44k▲

Financial fixed assets28€682€784▲

Current assets29/58€112k€410k▲

Amounts receivable after more than one year29€6k€10k▲

Other amounts receivable291€6k€10k▲

Stocks and contracts in progress3€33k€37k▲

Stocks30/36€33k€37k▲

Amounts receivable within one year40/41€25k€325k▲

Trade receivables40€10k€13k▲

Other amounts receivable41€15k€312k▲

Cash at bank and in hand54/58€39k€33k▼

Deferred charges and accrued income490/1€8k€4k▼

Equity and liabilities

Total equity and liabilities10/49€932k€1.30M▲

Equity10/15€171k€257k▲

Contributions10/11€2k€2k=

Reserves13€169k€255k▲

Distributable reserves133€169k€255k▲

Amounts payable17/49€761k€1.05M▲

Amounts payable after more than one year17€399k€732k▲

Financial debts170/4€399k€732k▲

Amounts payable within one year42/48€360k€311k▼

Current portion of amounts payable after more than one year42€91k€101k▲

Financial debts43€117k€85k▼

Credit institutions430/8€117k€85k▼

Trade debts44€104k€91k▼

Suppliers440/4€104k€91k▼

Taxes, remuneration and social security45€46k€34k▼

Taxes450/3€15k€13k▼

Remuneration and social security454/9€32k€21k▼

Other amounts payable47/48€2k-

Accrued charges and deferred income492/3€3k€3k▲

Income statement Code20242025

Remuneration, social security and pensions62€176k€198k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€95k▼

Other operating charges640/8€6k€8k▲

Gross operating margin9900€448k€456k▲

Operating profit (loss)9901€134k€156k▲

Financial income75/76B€387€875▲

Recurring financial income75€387€875▲

Financial charges65/66B€14k€20k▲

Recurring financial charges65€14k€20k▲

Profit (loss) for the period before taxes9903€120k€137k▲

Income taxes67/77€27k€30k▲

Profit (loss) for the period9904€94k€106k▲

Profit (loss) for the period to be appropriated9905€94k€106k▲

Appropriation of the result

Profit (loss) to be appropriated9906€94k€106k▲

Transfer from equity791/2-€20k

Transfer to equity691/2€92k€106k▲

To other reserves6921€92k€106k▲

Profit to be distributed694/7€2k€20k▲

Return on contributions (dividend)694€2k€20k▲

Social balance

Average headcount (FTE)90875.45.2▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 4Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2023net €106k ▲13.4%

Operating result €156k, net result €106k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 1.32

Current ratio from 0.31 to 1.32; short-term debt falls from €360k to €311k.

31-12

Financial Equity above €200kEq €257k ▲50.5%

3 profitable years in a row build equity to €257k.

11-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Equity above €150kEq €171k ▲117%

2 profitable years in a row build equity to €171k.

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Brugge · 4 establishment units since 2023

establishment All 4 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gistelse Steenweg 2048200 Brugge

Ground area

3,525 m²

Building footprint

601 m²

Volume, LiDAR

3,524 m³

3 parcels, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.

4 establishment units

Groep VADE

Gistelse Steenweg 204, 8200 BruggeRetail trade

since 20232.344.794.064

Slagerij Van den Berghe

Gistelse Steenweg 208, 8200 BruggeFood and beverage service activities

since 20232.352.191.008

Groep VADE

Buntelarestraat 37, 9880 AalterWarehousing and storage

since 20242.366.628.863

Groep VADE

Buntelarestraat 35, 9880 AalterRenting and operating of own or leased residential real estate, excluding social housing

since 20242.366.628.962

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44001A0029/00F000	Flanders	2,926 m²	1 · 198 m²	9.0 m · 2 fl.
31425C0288/00K002	Flanders	507 m²	2 · 337 m²	12.3 m · 2 fl.
44001A0028/00D000	Flanders	92 m²	1 · 66 m²	6.5 m · 2 fl.