VADAS
ActiveSummary
VADAS has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,620 and a net result of €1,377. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 87% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €33,620
- Profit
- €1,377
Why 87raises riskSize: total assets €40,797lowers riskLiquidity: current ratio 3.61, cash €12,070Equity €33,620 (82.4% of total assets)Figures for financial year 2025 (filed 26-03-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 80% on liquidity, 44% on profitability and 45% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 37 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €1,377 ▼65%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result has fallen four years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | €70,050 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €55,217 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €18,978 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,923 | €4,916 | €4,916 | €4,916 | €6,450 | ▲ 31.2% |
| Other operating charges640/8 | - | €53 | €107 | €261 | €293 | €80 | ▼ 72.6% |
| Non-recurring operating charges66A | - | €589 | - | - | €535 | - | - |
| Gross operating margin9900 | €13,364 | €14,983 | €16,258 | €11,727 | €11,810 | €27,897 | ▲ 136% |
| Operating profit (loss)9901 | €13,311 | €11,418 | €11,235 | €6,550 | €6,066 | €2,389 | ▼ 60.6% |
| Financial income75/76B | - | €1 | - | €2 | €8 | €2 | ▼ 80.8% |
| Recurring financial income75 | - | €1 | - | €2 | €8 | €2 | ▼ 80.8% |
| Financial charges65/66B | - | €336 | €687 | €135 | €392 | €259 | ▼ 34.0% |
| Recurring financial charges65 | €132 | €336 | €687 | €135 | €392 | €259 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €13,179 | €11,083 | €10,548 | €6,417 | €5,682 | €2,132 | ▼ 62.5% |
| Income taxes67/77 | - | €4,665 | €2,182 | €1,426 | €1,744 | €755 | ▼ 56.7% |
| Profit (loss) for the period9904 | €13,179 | €6,417 | €8,366 | €4,991 | €3,938 | €1,377 | ▼ 65.0% |
| Profit (loss) for the period to be appropriated9905 | €13,179 | €6,417 | €8,366 | €4,991 | €3,938 | €1,377 | ▼ 65.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €34,421 | €52,572 | €57,272 | €52,645 | €40,878 | €40,797 | ▼ 0.2% |
| Fixed assets21/28 | €1,547 | €22,115 | €17,199 | €12,283 | €7,367 | €14,917 | ▲ 102% |
| Tangible fixed assets22/27 | €1,547 | €22,115 | €17,199 | €12,283 | €7,367 | €14,917 | ▲ 102% |
| Furniture and vehicles24 | - | €22,115 | €17,199 | €12,283 | €7,367 | €14,917 | ▲ 102% |
| Current assets29/58 | €32,874 | €30,456 | €40,073 | €40,362 | €33,511 | €25,880 | ▼ 22.8% |
| Amounts receivable within one year40/41 | €4,045 | €10,555 | €19,224 | €29,231 | €22,204 | €13,134 | ▼ 40.8% |
| Trade receivables40 | - | €10,000 | €18,800 | €28,210 | €20,907 | €13,134 | ▼ 37.2% |
| Other amounts receivable41 | - | €555 | €424 | €1,021 | €1,297 | - | - |
| Cash at bank and in hand54/58 | €28,829 | €18,354 | €20,849 | €10,944 | €11,274 | €12,070 | ▲ 7.1% |
| Deferred charges and accrued income490/1 | - | €1,547 | - | €187 | €33 | €676 | ▲ 20× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €34,421 | €52,572 | €57,272 | €52,645 | €40,878 | €40,797 | ▼ 0.2% |
| Equity10/15 | €19,379 | €25,796 | €34,162 | €39,153 | €32,244 | €33,620 | ▲ 4.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | - | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - | - |
| Uncalled capital101 | - | €12,400 | - | - | - | - | - |
| Revaluation surpluses12 | - | - | - | €6,200 | - | - | - |
| Reserves13 | €659 | €659 | €659 | €659 | €659 | €659 | = |
| Non-distributable reserves130/1 | - | €659 | €659 | €659 | €659 | €659 | = |
| Legal reserve130 | - | €659 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €659 | €659 | €659 | €659 | = |
| Profit (loss) carried forward14 | €12,520 | €18,937 | €27,303 | €32,294 | €25,385 | €26,761 | ▲ 5.4% |
| Amounts payable17/49 | €15,042 | €26,775 | €23,110 | €13,492 | €8,634 | €7,176 | ▼ 16.9% |
| Amounts payable after more than one year17 | - | €18,884 | €10,416 | €6,192 | €1,843 | - | - |
| Financial debts170/4 | - | €18,884 | €10,416 | €6,192 | €1,843 | - | - |
| Amounts payable within one year42/48 | €13,495 | €6,344 | €12,694 | €7,300 | €6,791 | €7,176 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | €4,482 | €4,224 | €4,349 | €1,843 | ▼ 57.6% |
| Trade debts44 | - | €1,618 | €1,030 | €1,650 | €1,307 | €1,726 | ▲ 32.1% |
| Suppliers440/4 | - | €1,618 | €1,030 | €1,650 | €1,307 | €1,726 | ▲ 32.1% |
| Taxes, remuneration and social security45 | - | €4,726 | €7,182 | €1,426 | €1,135 | €625 | ▼ 44.9% |
| Taxes450/3 | - | €1,726 | €2,182 | €1,426 | €1,135 | €625 | ▼ 44.9% |
| Remuneration and social security454/9 | - | €3,000 | €5,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €2,982 | - |
| Accrued charges and deferred income492/3 | - | €1,547 | - | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,179 | €6,417 | €8,366 | €4,991 | €3,938 | €1,377 | ▼ 65.0% |
| + Depreciation and write-downs630 | - | €2,923 | €4,916 | €4,916 | €4,916 | €6,450 | ▲ 31.2% |
| Operating cash flow (approximation) | €13,179 | €9,340 | €13,282 | €9,907 | €8,854 | €7,827 | ▼ 11.6% |
| Investment in fixed assets (approximation) | - | -€23,491 | €0 | €0 | €0 | -€14,000 | - |
| Change in cash | - | -€10,475 | €2,495 | -€9,905 | €330 | €796 | ▲ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 26-03-2026 | 2026-00062997 |
| 30-09-2024 | micro format | 06-03-2025 | 2025-00044554 |
| 30-09-2023 | micro format | 30-03-2024 | 2024-00054416 |
| 30-09-2022 | micro format | 24-03-2023 | 2023-00044866 |
| 30-09-2021 | micro format | 21-04-2022 | 2022-20006860 |
| 30-09-2020 | micro format | 05-03-2021 | 2021-07100456 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SAUCA Vasile |
|
Owners and capital
Capital and shareholders
- 21-02-2024 Converted to unavailable equity
- 21-02-2024 Converted to uncalled contributions
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-02
Gazette deed
Appointment: SAUCA Vasile (director)Legal-form conversion · Capital conversion · Reserve release10 facts ▸
- General meeting, 14-12-2023
- Legal-form conversion, “Société à Responsabilité Limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres “apports non appelés”” (deed in French)
- Reserve release, “supprimer le compte de capitaux propres statutairement indisponible, rendre ces fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Director appointment, SAUCA Vasile (director)
- Capital (2 times)
- Board meeting, “grant all powers to board to execute preceding resolutions, confirm current manager as director” (deed in French)
- Power of attorney, J. JORDENS
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0721.986.341
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21001A0406/00E002 | Brussels | 741 m² | 1 · 311 m² | 15.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Au bâtiment et à la finition du bâtiment dans le sens le plus large, pour lesquelles la société peut obtenir l'autorisation et entre autres…” (deed in French)
42 activities (deed in French)
- Au bâtiment et à la finition du bâtiment dans le sens le plus large, pour lesquelles la société peut obtenir l'autorisation et entre autres : carreleur, étanchéité de construction, couvertures non métalliques, peinture, vitrage, zinguerie et couvertures métalliques, menuiserie et charpente, chauffage, électricité, sanitaire et plomberie, poseur de revêtements de murs et sol, plafonnage, isolation, entretien, ravalement et nettoyage de façades, rejointoiement, charpenterie, menuiserie bois et métallique
- L’exécution de tous terrassements, de nivellement et tous actes s'y rapportant
- Service et nettoyage de chantiers, y compris le nettoyage à la vapeur, le sablage et activités analogues
- Le tri sélectionné de déchets et l'exploitation de décharges
- Le recyclage, la récupération et la transformation de tous matériaux
- Le traitement des déchets, notamment de l’industrie nucléaire
- Le ramassage, déversement et traitement des déchets industriels et des débris de construction ou de démolition
- Tous travaux de démolition
- Tous travaux de découpe toutes catégories
- Toutes entreprises de maçonnerie et de béton
- Tous travaux de montage et de démontage dans le sens le plus large
- Le transport pour propre compte et pour compte de tiers de produits et personnes
- Le transport de produits réglementés (ADR)
- Le déménagement pour compte de tiers
- La location de conteneurs
- La location de camions avec conducteur
- La location d'outils, de machines pour la construction
- L'achat et la vente de tous matériaux de construction et de récupération
- Le commerce de détail de biens d'occasion
- Le contrôle de tous travaux de construction
- L'activité d'intermédiaire en matériaux de construction
- L'activité de grossiste en machines et équipements pour l'industrie
- Toutes activités de marchand ambulant au sens large
- L'entreprise de désamiantage
- L'achat et la vente de biens mobiliers et immobiliers
- L'achat et la vente de toutes marchandises ou produits en Belgique ou à l'étranger
- L'établissement de plans
- La gestion et la coordination générale de chantier au sans large du terme
- L’exploitation garage avec atelier de réparation et négociant de véhicules à moteurs neuf et occasions, carrosserie
- Service et nettoyage de chantiers, y compris le nettoyage à la vapeur, le sablage et activités analogues
- Le nettoyage et l’entretien d’immeubles, le nettoyage de vitres et de bureaux, de petits travaux de bureau, services intérimaires, sous-traitance
- La mise à disposition des ménages et entreprises du personnels pour les travaux relatif au nettoyage du domicile, la lessive et le repassage, les petits travaux occasionnels de couture, la préparation de repas, les courses ménagères, jardinage et autres travaux tel que le transport accompagné de personnes à mobilité réduite et toutes autres activités dans le cadre des titres services au domicile et hors domicile de l’utilisateur des titres services
- Le commerce en gros et en détail, l'import-export de tous produits alimentaire, textile, fruits, légumes, boissons, article pour fumeur, librairie, jeux, vêtement, article cadeaux et décoration, appareil électrique, électronique et électroménager, maroquinerie, de tous produits industriel et machine industrielle, outillages, tous produits de construction, électricité, sanitaire, commercialisation et fabrication de châssis, de meuble, mobiliers et tous articles en bois, pvc, aluminium
- Le commerce de tous matériaux de bureaux et informatique, hardware et software, de pièces et accessoires mécanique pour automobile et autres véhicules, exploitation de parking-dépôt
- L'exploitation de toutes activités se rapportant au secteur Horeca, librairie, salon de dégustation, snack, restaurants, cabines téléphoniques, carwash, vidéothèque, taxis colis, boulangerie pâtisserie, tavernes, night club, discothèque, salon de coiffure, salles d'organisation de banquet et service traiteur, cyber café, boucherie, charcuterie
- La commercialisation de télécommunication en général
- Le conseil et le soutien en management dans le domaine des entreprises ou toutes autres entités au sens le plus large, notamment les politiques générales, la communication interne, l'informatisation, la politique sociale, les problèmes reliés à l’entreprise
- La société pourra effectuer des tâches administratives, consultance en management, traduction, conseil en communication, planification, organisation, information, gestion, représentation
- Elle peut accomplir toutes opérations civiles, industrielles ou commerciales, immobilières ou mobilières se rapportant directement ou indirectement, en tout ou en partie, à l'une ou l'autre branche de son objet ou qui seraient de nature à en développer ou à en faciliter la réalisation
- Elle peut s'intéresser par toutes voies à toute société ou entreprise ayant un objet similaire ou connexe au sien ou dont l'objet serait de nature à faciliter, même indirectement, la réalisation de son sien
- Elle peut de même conclure toutes conventions de collaboration, de rationalisation, d'association ou autres avec de telles sociétés ou entreprises
- Elle peut se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société, liée ou non
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert au sein de la Région par simple décision de l'organe d'administration; transfert vers autre Région…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16.- Représentation - Actes et actions judiciaires. La société est représentée dans les actes, y compris ceux où interviennent un…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Non-statutaires, revocation” (deed in French)7 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 2 provisions in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of March
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- “Les décisions régulièrement prises par l'assemblée générales des actionnaires sont obligatoires pour tous les actionnaires, même pour les…” (deed in French)“Extraordinaire, en Belgique à l'endroit indiqué dans les convocations” (deed in French)
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Lettres recommandées, lettres, fax, courrier électronique ou tout autre moyen repris au Code Civil, quinze jours avant l'assemblée” (deed in French)“Les convocations ne sont pas nécessaires lorsque tous les actionnaires, porteurs d'obligations, titulaires de certificats émis avec la…” (deed in French)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Tout actionnaire est admis à l'assemblée générale pourvu qu'il soit inscrit dans le registre des actionnaires” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “L'administrateur le plus âgé, si le nombre de personnes présentes le permet le président choisit un secrétaire” (deed in French)“Il ne peut y avoir qu'une seule prorogation, l'assemblée générale annuelle appelée à se prononcer sur l'approbation des comptes annuels…” (deed in French)
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Procuration écrite, une procuration octroyée reste valable pour chaque assemblée générale suivante dans la mesure où il y est traité des…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Sous réserve des dispositions légales régissant les actions sans droit de vote, chaque action donne droit à une voix” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois (3) ans, contrôle de la situation financière, des comptes annuels et de la régularité des opérations à constater dans les comptes…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed