Equity
€166,530 from €282,422 in 2016
Equity fell by 41% in 9 years.
VADATECH
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €168,937 (2009)
€28,761▼ 32.7%
lowest -€24,661 (2017)
€8,329▼ 49.7%
peak €282,422 (2016)
€166,530▲ 5.3%
€16,260▼ 64.3%
peak 3 FTE (2009)
-not published
Board2 names since 2021
1 directorVAN DAMME Paul Achiel
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €42,747 to €28,761Result from €16,554 to €8,329Debts from €45,568 to €16,260
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 68% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 10.91, cash €57,267
Equity €166,530 (91.1% of total assets)
Founded in 1994
Calculation
The band follows from the bankruptcy probability. 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). It does better than 90% of them on solvency, 86% on liquidity, 48% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as VADATECH has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VADATECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for VADATECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.91 (4.5 in 2024), above the usual 1.5. Short-term debt is 7.5% and cash 31.3% of total assets. 8.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €166,530
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
16 days late
2023
1 day early
2022
2 days early
2021
2 days early
2020
1 day early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0452475603
Change of role: VAN DAMME Paul Achiel, from statutory manager to director
Appointment: DE WILDE Marie-Christine (director) · Director discharge: VAN DAMME Paul Achiel · General meeting of 18-05-2022 · Gazette deed
First establishment
Nieuwstraat 57, Berlare
Incorporation
published on 03-05-1994 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VADATECH Berlare | €182,791 | €28,761 | 91.1% | - |
| KT SOLUTIONS Lievegem | €181,008 | €32,147 | 60.2% | - |
| DE JANS Nazareth-De Pinte | €179,023 | €24,402 | 91.0% | - |
| JC AUTOMATION Butgenbach | €188,281 | €27,958 | 88.1% | - |
| PATELEC Auderghem | €192,972 | €31,248 | 91.3% | - |
| ELCOM Bree | €211,612 | €27,368 | 47.9% | - |
| ELEKTRICITEITSWERKEN CEULEMANS TONY Brecht | €204,644 | €29,253 | 98.9% | - |
These companies have the same main activity as VADATECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €179,000 and €212,000, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 13-04-1994Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.066.839.3769290 Berlare, since 19-05-1994
- Financial year end
- 30 September
- Peppol
- Reachable since 14-01-2026
Annual accounts to 30-09-2025
- ≈ €130,000estimated
- €182,791▼ 10.3%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on VADATECH
VADATECH files the micro format. That format states no turnover. The gross margin fell from €107,888 in 2006 to €28,761 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VADATECH
- What is the company number of VADATECH?
- The company number of VADATECH is 0452.475.603. The VAT number is the same number with BE in front: BE 0452.475.603.
- Where is VADATECH based?
- The registered office is at Nieuwstraat 57, 9290 Berlare.Company details
- What does VADATECH do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of VADATECH?
- VADATECH is a private limited company (BV).
- When was VADATECH founded?
- VADATECH was founded on 13-04-1994.
- Is VADATECH still active?
- Yes, VADATECH is an active enterprise in the KBO register.
- What is the turnover of VADATECH?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €28,761 and 45 comparable companies (NACE 43211). It probably lies between €94,000 and €210,000.Financials
- Is VADATECH profitable?
- In financial year 2025, VADATECH made a profit of €8,329.
- Where can I find the annual accounts of VADATECH?
- VADATECH filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VADATECH due?
- VADATECH must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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