VADALUX
Open bankruptcyA bankruptcy procedure is open for VADALUX according to publications in the Belgian State Gazette; curator: Peter SUSTRONCK. The 2025 annual accounts show negative equity (€-201k) and a net result of €-237k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-201k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
141 d early
2022
41 d early
2021
4 d early
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€339k▲ 66.7%
2024 · €203k
2018: €133k
2019: €150k
2020: €174k
2021: €194k
2022: €197k
2023: €105k
2024: €203k
2018 → 2025
Net result
€-237k▼ 1,030%
2024 · €-21k
2018: €26k
2019: €20k
2020: €23k
2021: €30k
2022: €14k
2023: €31k
2024: €-21k
2018 → 2025
Working capital
€-229k
2024 · €2k
2018: €85k
2019: €85k
2020: €114k
2021: €144k
2022: €152k
2023: €53k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€166k▲ 9.1%€57k▼ 65.6%€36k▼ 36.7%€-201k
Operating result€36k-€17k▼ 52.1%€30k▲ 72.9%€-16k€-230k▼ 1,307%
Net result€30k-€14k▼ 53.2%€31k▲ 121%€-21k€-237k▼ 1,030%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €230k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€76k▼ 23.2%
Current assets
€262k▲ 153%
Key figures and ratios
EBITDA
€-207k▼
2024 · €-6k
Cash flow
€-214k▼
2024 · €-11k
Solvency
-59.4%▼
2024 · 17.9%
Current ratio
0.53▼
2024 · 1.02
Quick ratio
0.53▼
2024 · 1.01
Debt / equity
-2.68▼
2024 · 4.60
ROA
-70.1%▼
2024 · -10.3%
Interest coverage
-12.10▼
2024 · -1.11
Debt
€540k▲
2024 · €167k
Debt ≤ 1 year
€491k▲
2024 · €102k
Debt > 1 year
€49k▼
2024 · €65k
Staff costs
€1.05M▲
2024 · €203k
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€203k€339k▲
Fixed assets21/28€99k€76k▼
Intangible fixed assets21€15k€12k▼
Tangible fixed assets22/27€82k€63k▼
Plant, machinery and equipment23€79k€62k▼
Furniture and vehicles24€3k€507▼
Financial fixed assets28€2k€2k=
Current assets29/58€104k€262k▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€100k€256k▲
Trade receivables40€62k€210k▲
Other amounts receivable41€37k€46k▲
Cash at bank and in hand54/58€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€203k€339k▲
Equity10/15€36k€-201k▼
Contributions10/11€19k€19k=
Reserves13€39k€39k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-21k€-258k▼
Amounts payable17/49€167k€540k▲
Amounts payable after more than one year17€65k€49k▼
Financial debts170/4€65k€49k▼
Amounts payable within one year42/48€102k€491k▲
Current portion of amounts payable after more than one year42€20k€16k▼
Financial debts43€8k€9k▲
Credit institutions430/8€8k€9k▲
Trade debts44€70k€378k▲
Suppliers440/4€70k€378k▲
Taxes, remuneration and social security45€5k€88k▲
Taxes450/3-€319
Remuneration and social security454/9€5k€88k▲
Income statement
Code20242025
Non-recurring operating income76A€974-
Remuneration, social security and pensions62€203k€1.05M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€23k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€198k€843k▲
Operating profit (loss)9901€-16k€-230k▼
Financial income75/76B€838€9k▲
Recurring financial income75€838€9k▲
Financial charges65/66B€6k€17k▲
Recurring financial charges65€6k€17k▲
Profit (loss) for the period before taxes9903€-21k€-237k▼
Profit (loss) for the period9904€-21k€-237k▼
Profit (loss) for the period to be appropriated9905€-21k€-237k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-258k▼
Profit (loss) brought forward from the previous period14P-€-21k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · VADALUX BV DRIESHOEK 24, 8531 HARELBEKE · event 16-06-2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-237k
Net result drops to €-237k, the lowest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Highest result since 2018net €31k ▲121%
Net result €31k, the highest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150kEq €152k ▲21.1%
4 profitable years in a row build equity to €152k.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100kEq €103k ▲6.7%
2 profitable years in a row build equity to €103k.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Harelbeke · 1 establishment unit since 1992
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.
Drieshoek 248531 HarelbekeGround area
949 m²
Building footprint
142 m²
Volume, LiDAR
791 m³
Parcel 34004B0301/00G008, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VADALUX
since 19922.059.286.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004B0301/00G008 | Flanders | 949 m² | 1 · 142 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Peter SUSTRONCK BURGEMEESTER NOLFSTRAAT 10,
8500 KORTRIJK |
16-06-2026 → present |
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Of 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,963 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-10-1992
Fiscal year end30-09
Activities, NACEBEL
74700
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.