VADA
ActiveSummary
For the legal form of VADA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €360,467 and a net result of -€5,463. Equity remains stable across the filed fiscal years (±0.6% per year). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-3
Solvency100=
Growth52=
Track record100
Credit verdict
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 12.98 against 15.89 in 2024; short-term debt: 3.9% and cash: 14.3% of total assets), and 8.3% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
40 d early
2022
32 d early
2021
41 d early
2020
38 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 December (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€360,467▼ 1.5%
2024 · €365,930
Total assets
€392,974▼ 1.8%
2024 · €400,106
Net result
-€5,463
2024 · €3,646
Working capital
€182,168▲ 15.1%
2024 · €158,229
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€16,139€10,248€12,731▲ 24.2%€4,337▼ 65.9%-€4,180
Net result-€17,597€9,595€12,604▲ 31.4%€3,646▼ 71.1%-€5,463
Equity€340,085▼ 4.9%€349,680▲ 2.8%€362,284▲ 3.6%€365,930▲ 1.0%€360,467▼ 1.5%
Total assets€367,356▼ 8.8%€350,329▼ 4.6%€362,851▲ 3.6%€400,106▲ 10.3%€392,974▼ 1.8%
Debt€27,271▼ 39.7%€649▼ 97.6%€567▼ 12.7%€34,176▲ 5,930%€32,507▼ 4.9%
Working capital€82,631▲ 9.8%€117,179▲ 41.8%€154,736▲ 32.1%€158,229▲ 2.3%€182,168▲ 15.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,180 after €4,337 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392,974
Fixed assets
€195,597 ▼ 15.4%
Current assets
€197,377 ▲ 16.9%
Equity and liabilities €392,974
Equity
€360,467 ▼ 1.5%
Debt
€32,507 ▼ 4.9%
Debt's share of the balance-sheet total falls from 8.5% to 8.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31,471▼
2024 · €34,129
Cash flow
€30,188▼
2024 · €33,438
Current ratio
12.98▼
2024 · 15.89
Debt to equity
0.09▼
2024 · 0.09
ROE
-1.5%▼
2024 · 1.0%
ROA
-1.4%▼
2024 · 0.9%
Interest coverage
20.54▼
2024 · 42.02
Debt ≤ 1 year
€15,209▲
2024 · €10,629
Debt > 1 year
€17,298▼
2024 · €23,547
Income taxes
€159▲
2024 · €79
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,953 | €24,953 | €24,953 | €29,792 | €35,651 | ▲ 19.7% |
| Other operating charges640/8 | - | €5,232 | €5,516 | €6,280 | €6,329 | ▲ 0.8% |
| Gross operating margin9900 | €14,112 | €40,433 | €43,200 | €40,409 | €37,800 | ▼ 6.5% |
| Operating profit (loss)9901 | -€16,139 | €10,248 | €12,731 | €4,337 | -€4,180 | ▼ 196% |
| Financial income75/76B | - | - | €0 | €200 | €408 | ▲ 104% |
| Recurring financial income75 | - | - | €0 | €200 | €408 | ▲ 104% |
| Financial charges65/66B | - | €652 | €127 | €812 | €1,532 | ▲ 88.6% |
| Recurring financial charges65 | €1,459 | €652 | €127 | €812 | €1,532 | ▲ 88.6% |
| Profit (loss) for the period before taxes9903 | -€17,597 | €9,595 | €12,604 | €3,725 | -€5,304 | ▼ 242% |
| Income taxes67/77 | - | - | €0 | €79 | €159 | ▲ 102% |
| Profit (loss) for the period9904 | -€17,597 | €9,595 | €12,604 | €3,646 | -€5,463 | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | -€17,597 | €9,595 | €12,604 | €3,646 | -€5,463 | ▼ 250% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367,356 | €350,329 | €362,851 | €400,106 | €392,974 | ▼ 1.8% |
| Fixed assets21/28 | €257,454 | €232,502 | €207,549 | €231,248 | €195,597 | ▼ 15.4% |
| Tangible fixed assets22/27 | €257,454 | €232,502 | €207,549 | €231,248 | €195,597 | ▼ 15.4% |
| Land and buildings22 | - | €232,502 | €207,549 | €182,596 | €157,643 | ▼ 13.7% |
| Plant, machinery and equipment23 | - | - | - | €2,066 | €1,602 | ▼ 22.5% |
| Furniture and vehicles24 | - | - | - | €46,586 | €36,352 | ▼ 22.0% |
| Current assets29/58 | €109,901 | €117,828 | €155,302 | €168,858 | €197,377 | ▲ 16.9% |
| Amounts receivable within one year40/41 | €15,000 | €35,326 | €69,224 | €104,144 | €141,240 | ▲ 35.6% |
| Other amounts receivable41 | - | €35,326 | €69,224 | €104,144 | €141,240 | ▲ 35.6% |
| Cash at bank and in hand54/58 | €94,901 | €82,502 | €84,329 | €64,715 | €56,137 | ▼ 13.3% |
| Deferred charges and accrued income490/1 | - | - | €1,750 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367,356 | €350,329 | €362,851 | €400,106 | €392,974 | ▼ 1.8% |
| Equity10/15 | €340,085 | €349,680 | €362,284 | €365,930 | €360,467 | ▼ 1.5% |
| Contributions10/11 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Capital10 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Issued capital100 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Reserves13 | €7,682 | €7,682 | €12,284 | €15,930 | €10,467 | ▼ 34.3% |
| Non-distributable reserves130/1 | - | €2,128 | €2,128 | €2,310 | €2,310 | = |
| Legal reserve130 | - | €2,128 | €2,128 | €2,310 | €2,310 | = |
| Distributable reserves133 | - | €5,555 | €10,157 | €13,620 | €8,157 | ▼ 40.1% |
| Profit (loss) carried forward14 | -€17,597 | -€8,002 | - | - | - | - |
| Amounts payable17/49 | €27,271 | €649 | €567 | €34,176 | €32,507 | ▼ 4.9% |
| Amounts payable after more than one year17 | - | - | - | €23,547 | €17,298 | ▼ 26.5% |
| Financial debts170/4 | - | - | - | €23,547 | €17,298 | ▼ 26.5% |
| Amounts payable within one year42/48 | €27,271 | €649 | €567 | €10,629 | €15,209 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,014 | €6,249 | ▲ 3.9% |
| Trade debts44 | €496 | €511 | €567 | €1,846 | €821 | ▼ 55.5% |
| Suppliers440/4 | - | €511 | €567 | €1,846 | €821 | ▼ 55.5% |
| Taxes, remuneration and social security45 | - | €139 | - | €19 | €41 | ▲ 116% |
| Taxes450/3 | - | €139 | - | €19 | €41 | ▲ 116% |
| Other amounts payable47/48 | - | - | - | €2,750 | €8,098 | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,597 | €9,595 | €12,604 | €3,646 | -€5,463 | ▼ 250% |
| + Depreciation and write-downs630 | €24,953 | €24,953 | €24,953 | €29,792 | €35,651 | ▲ 19.7% |
| Operating cash flow (approximation) | €7,355 | €34,548 | €37,557 | €33,438 | €30,188 | ▼ 9.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€53,491 | €0 | ▲ 100% |
| Change in cash | - | -€12,399 | €1,827 | -€19,614 | -€8,578 | ▲ 56.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €9,595
Net result €9,595 after one loss-making year.
30-06
Financial
Liquidity times 45current ratio 181.51
Current ratio from 4.03 to 181.51; short-term debt falls from €27,271 to €649.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet -€17,597
Net result drops to -€17,597, the lowest in the series; recovery starts the following year.
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Geel · 1 establishment unit since 2001
Ground area
830 m²
Building footprint
120 m²
Volume, LiDAR
712 m³
Parcel 13008H1465/00S000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Waterstraat 22, 2440 Geel
since 20012.352.938.205
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H1465/00S000 | Flanders | 830 m² | 1 · 120 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded04-12-2001
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.