Summary
VADE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €246,221 and a net result of €10,025. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 8074 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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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 31-03-2025 was due by 31-10-2025 and was filed on 16-10-2025, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
29 d early
2023
7 d early
2022
6 d early
2021
4 d early
2020
29 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€246,221▲ 4.2%
2024 · €236,195
Net result
€10,025▲ 854%
2024 · €1,050
Total assets
€1.0m▼ 3.6%
2024 · €1.1m
Solvency
23.6%▲ 1.8pp
2024 · 21.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,793▼ 13.9%-€24,058▼ 15.7%-€22,122▲ 8.0%€6,565€14,986▲ 128%
Net result-€28,083below the sector's middle half▼ 7.4%-€30,774below the sector's middle half▼ 9.6%-€28,277below the sector's middle half▲ 8.1%€1,050below the sector's middle half€10,025within the sector's middle half▲ 854%
Equity€294,196within the sector's middle half▼ 8.7%€263,421within the sector's middle half▼ 10.5%€235,145within the sector's middle half▼ 10.7%€236,195within the sector's middle half▲ 0.4%€246,221within the sector's middle half▲ 4.2%
Total assets€1.2mabove the sector's middle half▼ 9.1%€1.2mabove the sector's middle half▼ 3.6%€1.1mabove the sector's middle half▼ 5.5%€1.1mabove the sector's middle half▼ 2.5%€1.0mabove the sector's middle half▼ 3.6%
Debt€923,695▼ 9.2%€911,091▼ 1.4%€875,277▼ 3.9%€846,274▼ 3.3%€797,625▼ 5.7%
Working capital-€550,925▲ 0.2%-€542,064▲ 1.6%-€537,888▲ 0.8%-€512,094▲ 4.8%-€479,223▲ 6.4%
Solvency24.2%within the sector's middle half▲ 0.1pp22.4%below the sector's middle half▼ 1.7pp21.2%below the sector's middle half▼ 1.3pp21.8%below the sector's middle half▲ 0.6pp23.6%within the sector's middle half▲ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 128% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€955,216 ▼ 5.4%
Current assets
€88,630 ▲ 22.7%
Equity and liabilities €1.0m
Equity
€246,221 ▲ 4.2%
Debt
€797,625 ▼ 5.7%
Debt's share of the balance-sheet total falls from 78.2% to 76.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.1%▲
2024 · 0.4%
ROA
1.0%▲
2024 · 0.1%
Debt ≤ 1 year
€567,852▼
2024 · €584,352
Debt > 1 year
€222,222▼
2024 · €255,555
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 | €70,612 | €67,969 | €65,787 | €56,710 | €54,994 | ▼ 3.0% |
| Other operating charges640/8 | - | €5,658 | €5,839 | €7,756 | €6,602 | ▼ 14.9% |
| Gross operating margin9900 | €55,441 | €49,568 | €49,503 | €71,031 | €76,583 | ▲ 7.8% |
| Operating profit (loss)9901 | -€20,793 | -€24,058 | -€22,122 | €6,565 | €14,986 | ▲ 128% |
| Financial charges65/66B | - | €6,716 | €6,154 | €5,514 | €4,961 | ▼ 10.0% |
| Recurring financial charges65 | €7,290 | €6,716 | €6,154 | €5,514 | €4,961 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | -€28,083 | -€30,774 | -€28,277 | €1,050 | €10,025 | ▲ 854% |
| Profit (loss) for the period9904 | -€28,083 | -€30,774 | -€28,277 | €1,050 | €10,025 | ▲ 854% |
| Profit (loss) for the period to be appropriated9905 | -€28,083 | -€30,774 | -€28,277 | €1,050 | €10,025 | ▲ 854% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 3.6% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.1m | €1.0m | €955,216 | ▼ 5.4% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.1m | €1.0m | €955,216 | ▼ 5.4% |
| Land and buildings22 | - | €1.1m | €1.1m | €1.0m | €949,638 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €8,177 | €6,644 | €5,111 | €3,578 | ▼ 30.0% |
| Furniture and vehicles24 | - | €7,478 | €5,652 | €3,826 | €2,001 | ▼ 47.7% |
| Current assets29/58 | €17,214 | €41,804 | €43,500 | €72,258 | €88,630 | ▲ 22.7% |
| Amounts receivable within one year40/41 | €381 | €299 | €420 | €902 | €13,063 | ▲ 1,349% |
| Other amounts receivable41 | - | €299 | €420 | €902 | €13,063 | ▲ 1,349% |
| Cash at bank and in hand54/58 | €16,833 | €41,505 | €43,080 | €62,793 | €74,157 | ▲ 18.1% |
| Deferred charges and accrued income490/1 | - | - | - | €8,563 | €1,409 | ▼ 83.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 3.6% |
| Equity10/15 | €294,196 | €263,421 | €235,145 | €236,195 | €246,221 | ▲ 4.2% |
| Contributions10/11 | - | €68,500 | €68,500 | €68,500 | €68,500 | = |
| Reserves13 | €290,637 | €290,637 | €290,637 | €290,637 | €290,637 | = |
| Non-distributable reserves130/1 | - | €6,829 | €6,829 | - | - | - |
| Reserves not available under the articles1311 | - | €6,829 | €6,829 | - | - | - |
| Tax-exempt reserves132 | - | €15,653 | €15,653 | €15,653 | €15,653 | = |
| Distributable reserves133 | - | €268,155 | €268,155 | €274,984 | €274,984 | = |
| Profit (loss) carried forward14 | -€64,941 | -€95,715 | -€123,992 | -€122,942 | -€112,916 | ▲ 8.2% |
| Amounts payable17/49 | €923,695 | €911,091 | €875,277 | €846,274 | €797,625 | ▼ 5.7% |
| Amounts payable after more than one year17 | €355,555 | €322,222 | €288,889 | €255,555 | €222,222 | ▼ 13.0% |
| Financial debts170/4 | - | €322,222 | €288,889 | €255,555 | €222,222 | ▼ 13.0% |
| Amounts payable within one year42/48 | €568,139 | €583,869 | €581,388 | €584,352 | €567,852 | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | - | €33,333 | €33,333 | €33,333 | €33,333 | = |
| Trade debts44 | €20,287 | €19,872 | €21,264 | €20,219 | €20,000 | ▼ 1.1% |
| Suppliers440/4 | - | €19,872 | €21,264 | €20,219 | €20,000 | ▼ 1.1% |
| Other amounts payable47/48 | - | €530,663 | €526,790 | €530,800 | €514,519 | ▼ 3.1% |
| Accrued charges and deferred income492/3 | - | €5,000 | €5,000 | €6,366 | €7,551 | ▲ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,083 | -€30,774 | -€28,277 | €1,050 | €10,025 | ▲ 854% |
| + Depreciation and write-downs630 | €70,612 | €67,969 | €65,787 | €56,710 | €54,994 | ▼ 3.0% |
| Operating cash flow (approximation) | €42,529 | €37,194 | €37,510 | €57,761 | €65,020 | ▲ 12.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €24,672 | €1,574 | €19,713 | €11,364 | ▼ 42.4% |
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
Next filing, fiscal year 2026, expected by
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €10,025 ▲854%
Operating result €14,986, net result €10,025, both a record.
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €1,050
Net result €1,050 after 5 loss-making years.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Izegem · 1 establishment unit since 2017
Ground area
4,833 m²
Building footprint
2,334 m²
Parcel 36492A1575/00A000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vade
since 20172.265.293.161
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A1575/00A000 | Flanders | 4,833 m² | 1 · 2,334 m² | - |
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.
Similar companies · same sector, comparable size
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,639 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
Founded19-04-2017
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.