VADACO
ActiveSummary
For VADACO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €340k and a net result of €16k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 10638 sector peers (fiscal year 2023). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability74▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
97.1%
Return on assets
4.4%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-08-2024, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
12 d late
2022
30 d late
2021
4 d early
2020
16 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€169k
EBIT margin
17.0%
Net result
€16k▼ 45.3%
2022 · €28k
2018: €23k
2019: €24k▲ +0.8% vs 2018
2020: €9k▼ -59.6% vs 2019lowest in 6 years
2021: €23k▲ +138% vs 2020
2022: €28k▲ +25.6% vs 2021highest in 6 years
2023: €16k▼ -45.3% vs 2022
2018 → 2023
Working capital
€284k▲ 13.2%
2022 · €251k
2018: €232klowest in 6 years
2019: €267k▲ +15.2% vs 2018
2020: €295k▲ +10.5% vs 2019highest in 6 years
2021: €288k▼ -2.5% vs 2020
2022: €251k▼ -12.8% vs 2021
2023: €284k▲ +13.2% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€169k-
Equity€288k-€298k▲ 3.3%€326k▲ 9.5%€324k▼ 0.5%€340k▲ 4.8%
2019: €288klowest in 5 years
2020: €298k▲ +3.3% vs 2019
2021: €326k▲ +9.5% vs 2020
2022: €324k▼ -0.5% vs 2021
2023: €340k▲ +4.8% vs 2022highest in 5 years
Operating result€29k-€8k▼ 71.4%€29k▲ 248%€37k▲ 29.0%€20k▼ 45.3%
2019: €29k
2020: €8k▼ -71.4% vs 2019lowest in 5 years
2021: €29k▲ +248% vs 2020
2022: €37k▲ +29.0% vs 2021highest in 5 years
2023: €20k▼ -45.3% vs 2022
Net result€24k-€9k▼ 59.6%€23k▲ 138%€28k▲ 25.6%€16k▼ 45.3%
2019: €24k
2020: €9k▼ -59.6% vs 2019lowest in 5 years
2021: €23k▲ +138% vs 2020
2022: €28k▲ +25.6% vs 2021highest in 5 years
2023: €16k▼ -45.3% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 45% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €350k
Fixed assets
€56k ▼ 23.9%
Current assets
€294k ▲ 11.7%
Equity and liabilities €350k
Equity
€340k ▲ 4.8%
Debt
€10k ▼ 18.5%
Debt's share of the balance-sheet total falls from 3.8% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2022 · €46k
Cash flow
€33k▼
2022 · €38k
Current ratio
28.56▲
2022 · 20.86
Quick ratio
26.57▲
2022 · 19.23
Debt to equity
0.03▼
2022 · 0.04
ROE
4.6%▼
2022 · 8.8%
ROA
4.4%▼
2022 · 8.4%
Interest coverage
908.84▲
2022 · 353.39
Debt ≤ 1 year
€10k▼
2022 · €13k
Income taxes
€7k▼
2022 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 47 lines
Balance sheet
Code20222023
Assets
Total assets20/58€337k€350k▲
Fixed assets21/28€73k€56k▼
Tangible fixed assets22/27€73k€56k▼
Plant, machinery and equipment23€1k€722▼
Furniture and vehicles24€72k€55k▼
Current assets29/58€263k€294k▲
Amounts receivable after more than one year29€13k€13k=
Other amounts receivable291€13k€13k=
Stocks and contracts in progress3€21k€21k=
Stocks30/36€21k€21k=
Amounts receivable within one year40/41€138k€188k▲
Trade receivables40€91k€137k▲
Other amounts receivable41€47k€50k▲
Cash at bank and in hand54/58€65k€52k▼
Deferred charges and accrued income490/1€27k€22k▼
Equity and liabilities
Total equity and liabilities10/49€337k€350k▲
Equity10/15€324k€340k▲
Contributions10/11€4k€4k=
Reserves13€321k€336k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€319k€334k▲
Amounts payable17/49€13k€10k▼
Amounts payable within one year42/48€13k€10k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€11k€8k▼
Remuneration and social security454/9€38-
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€18k▲
Other operating charges640/8€611€218▼
Gross operating margin9900€47k€38k▼
Operating profit (loss)9901€37k€20k▼
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€132€42▼
Recurring financial charges65€132€42▼
Profit (loss) for the period before taxes9903€41k€23k▼
Income taxes67/77€12k€7k▼
Profit (loss) for the period9904€28k€16k▼
Profit (loss) for the period to be appropriated9905€28k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€16k▼
Transfer from equity791/2€21k-
Transfer to equity691/2€28k€16k▼
To other reserves6921€28k€16k▼
Profit to be distributed694/7€21k-
Other beneficiaries697€21k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €169k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €10k | €5k | €10k | €18k | ▲ 83.8% |
| Other operating charges640/8 | - | - | €295 | €611 | €218 | ▼ 64.3% |
| Gross operating margin9900 | €44k | €18k | €34k | €47k | €38k | ▼ 19.4% |
| Operating profit (loss)9901 | €29k | €8k | €29k | €37k | €20k | ▼ 45.3% |
| Financial income75/76B | - | - | €3k | €4k | €2k | ▼ 36.1% |
| Recurring financial income75 | €4k | €5k | €3k | €4k | €2k | ▼ 36.1% |
| Financial charges65/66B | - | - | €90 | €132 | €42 | ▼ 68.4% |
| Recurring financial charges65 | €72 | €50 | €90 | €132 | €42 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €33k | €14k | €32k | €41k | €23k | ▼ 44.4% |
| Income taxes67/77 | €9k | €4k | €9k | €12k | €7k | ▼ 42.3% |
| Profit (loss) for the period9904 | €24k | €9k | €23k | €28k | €16k | ▼ 45.3% |
| Profit (loss) for the period to be appropriated9905 | €24k | €9k | €23k | €28k | €16k | ▼ 45.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €310k | €327k | €338k | €337k | €350k | ▲ 3.9% |
| Fixed assets21/28 | €21k | €2k | €38k | €73k | €56k | ▼ 23.9% |
| Tangible fixed assets22/27 | €21k | €2k | €38k | €73k | €56k | ▼ 23.9% |
| Plant, machinery and equipment23 | - | - | €2k | €1k | €722 | ▼ 42.1% |
| Furniture and vehicles24 | - | - | €36k | €72k | €55k | ▼ 23.6% |
| Current assets29/58 | €289k | €325k | €300k | €263k | €294k | ▲ 11.7% |
| Amounts receivable after more than one year29 | - | - | €14k | €13k | €13k | = |
| Other amounts receivable291 | - | - | €14k | €13k | €13k | = |
| Stocks and contracts in progress3 | €51k | €55k | €45k | €21k | €21k | = |
| Stocks30/36 | - | - | €45k | €21k | €21k | = |
| Amounts receivable within one year40/41 | €115k | €133k | €115k | €138k | €188k | ▲ 35.9% |
| Trade receivables40 | - | - | €62k | €91k | €137k | ▲ 51.4% |
| Other amounts receivable41 | - | - | €53k | €47k | €50k | ▲ 6.2% |
| Cash at bank and in hand54/58 | €76k | €83k | €94k | €65k | €52k | ▼ 20.2% |
| Deferred charges and accrued income490/1 | - | - | €33k | €27k | €22k | ▼ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €310k | €327k | €338k | €337k | €350k | ▲ 3.9% |
| Equity10/15 | €288k | €298k | €326k | €324k | €340k | ▲ 4.8% |
| Contributions10/11 | €7k | - | €13k | €4k | €4k | = |
| Reserves13 | €281k | €290k | €313k | €321k | €336k | ▲ 4.9% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €311k | €319k | €334k | ▲ 4.9% |
| Amounts payable17/49 | €22k | €29k | €13k | €13k | €10k | ▼ 18.5% |
| Amounts payable within one year42/48 | €22k | €29k | €13k | €13k | €10k | ▼ 18.5% |
| Trade debts44 | €9k | €15k | €4k | €2k | €2k | ▲ 39.7% |
| Suppliers440/4 | - | - | €4k | €2k | €2k | ▲ 39.7% |
| Taxes, remuneration and social security45 | - | - | €8k | €11k | €8k | ▼ 27.2% |
| Taxes450/3 | - | - | €6k | €11k | €8k | ▼ 26.9% |
| Remuneration and social security454/9 | - | - | €2k | €38 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €9k | €23k | €28k | €16k | ▼ 45.3% |
| + Depreciation and write-downs630 | €14k | €10k | €5k | €10k | €18k | ▲ 83.8% |
| Operating cash flow (approximation) | €37k | €19k | €27k | €38k | €33k | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | €9k | €-40k | €-45k | €0 | ▲ 100% |
| Change in cash | - | €7k | €11k | €-29k | €-13k | ▲ 54.4% |
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
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €28k ▲25.6%
Operating result €37k, net result €28k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 23.78
Current ratio from 11.01 to 23.78; short-term debt falls from €29k to €13k.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet €9k ▼59.6%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 151 days late
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 150 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Brecht · 1 establishment unit since 1994
Ground area
519 m²
Building footprint
120 m²
Volume, LiDAR
827 m³
Parcel 11043D0888/00N003, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VADACO
since 19942.065.979.046
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0888/00N003 | Flanders | 519 m² | 1 · 120 m² | 10.9 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.