VADECAS & PARTNERS
ActiveVADECAS & PARTNERS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €822k. Equity is shrinking by ~24.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 5% of 3257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency12▼-8
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.11 in 2024), and 99.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
46.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3257 sector peers (2025).
NBB · sector comparisonPosition among 3257 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
4 d early
2022
4 d early
2021
12 d late
2020
51 d late
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€7k▼ 93.8%
2024 · €109k
2019: €497k
2020: €683k
2021: €340k
2022: €340k
2023: €340k
2024: €109k
2019 → 2025
Total assets
€1.76M▲ 42.1%
2024 · €1.24M
2019: €808k
2020: €970k
2021: €1.07M
2022: €1.09M
2023: €1.11M
2024: €1.24M
2019 → 2025
Net result
€822k▲ 45.5%
2024 · €565k
2019: €288k
2020: €200k
2021: €426k
2022: €542k
2023: €593k
2024: €565k
2019 → 2025
Working capital
€52k▼ 55.6%
2024 · €117k
2019: €543k
2020: €738k
2021: €394k
2022: €404k
2023: €363k
2024: €117k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€340k-€340k=€340k=€109k▼ 68.0%€7k▼ 93.8%
Operating result€574k-€732k▲ 27.6%€800k▲ 9.2%€869k▲ 8.5%€1.10M▲ 26.1%
Net result€426k-€542k▲ 27.4%€593k▲ 9.3%€565k▼ 4.8%€822k▲ 45.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€232k▲ 324%
Current assets
€1.53M▲ 29.1%
Equity and liabilities €1.76M
Equity
€7k▼ 93.8%
Debt
€1.75M▲ 55.2%
The debt ratio rises from 91.2% to 99.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1.14M▲
2024 · €889k
Cash flow
€864k▲
2024 · €585k
Solvency
0.4%▼
2024 · 8.8%
Current ratio
1.04▼
2024 · 1.11
Quick ratio
1.04▼
2024 · 1.11
ROA
46.7%▲
2024 · 45.6%
Interest coverage
51.61▲
2024 · 10.28
Debt
€1.75M▲
2024 · €1.13M
Debt ≤ 1 year
€1.48M▲
2024 · €1.07M
Debt > 1 year
€186k▲
2024 · €63k
Income taxes
€278k▲
2024 · €220k
Staff costs
€418k▲
2024 · €271k
A ratio outside any meaningful range has been withheld (balance sheet total €1.76M, equity €7k).
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€1.24M€1.76M▲
Fixed assets21/28€55k€232k▲
Tangible fixed assets22/27€55k€231k▲
Plant, machinery and equipment23€29k€26k▼
Furniture and vehicles24€25k€21k▼
Other tangible fixed assets26€0€185k▲
Financial fixed assets28-€46
Current assets29/58€1.18M€1.53M▲
Amounts receivable within one year40/41€342k€558k▲
Trade receivables40€341k€388k▲
Other amounts receivable41€1k€170k▲
Current investments50/53€550k-
Cash at bank and in hand54/58€272k€941k▲
Deferred charges and accrued income490/1€19k€28k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.76M▲
Equity10/15€109k€7k▼
Contributions10/11€7k€7k=
Reserves13€102k-
Distributable reserves133€102k-
Amounts payable17/49€1.13M€1.75M▲
Amounts payable after more than one year17€63k€186k▲
Financial debts170/4€63k€186k▲
Amounts payable within one year42/48€1.07M€1.48M▲
Current portion of amounts payable after more than one year42€24k€42k▲
Financial debts43-€45k
Credit institutions430/8-€45k
Trade debts44€73k€95k▲
Suppliers440/4€73k€95k▲
Taxes, remuneration and social security45€78k€153k▲
Taxes450/3€44k€113k▲
Remuneration and social security454/9€34k€40k▲
Other amounts payable47/48€891k€1.14M▲
Accrued charges and deferred income492/3-€91k
Income statement
Code20242025
Non-recurring operating income76A€14k€2k▼
Remuneration, social security and pensions62€271k€418k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€42k▲
Other operating charges640/8€2k€898▼
Non-recurring operating charges66A€3€842▲
Gross operating margin9900€1.16M€1.56M▲
Operating profit (loss)9901€869k€1.10M▲
Financial income75/76B€2k€27k▲
Recurring financial income75€2k€27k▲
Financial charges65/66B€86k€22k▼
Recurring financial charges65€86k€22k▼
Profit (loss) for the period before taxes9903€784k€1.10M▲
Income taxes67/77€220k€278k▲
Profit (loss) for the period9904€565k€822k▲
Transfer from tax-exempt reserves789€231k-
Profit (loss) for the period to be appropriated9905€796k€822k▲
Appropriation of the result
Profit (loss) to be appropriated9906€796k€822k▲
Transfer from equity791/2-€102k
Profit to be distributed694/7€796k€924k▲
Return on contributions (dividend)694€778k€885k▲
Employees696€18k€38k▲
Social balance
Average headcount (FTE)90875.57.3▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · First fiscal year
08-09
State Gazette act
Incorporation · Founding capital
Corporate purpose · Director appointment
26-08
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
05-08
State Gazette act
General meeting · Registered-office move
Power of attorney
31-07
State Gazette act
General meeting · Director resignation
Director reappointment · Mandate compensation
07-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
27-03
State Gazette act
Board meeting · Registered-office move
Power of attorney
26-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
24-03
State Gazette act
Incorporation · Founder
Corporate purpose · Founding capital
23-03
State Gazette act
General meeting · Board meeting
Director appointment · Mandate compensation
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €822k ▲45.5%
Operating result €1.10M, net result €822k, both a record.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 51 days late
31-03
Financial
Weakest financial yearnet €200k ▼30.5%
Net result drops to €200k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €500kEq €683k ▲37.5%
2 profitable years in a row build equity to €683k.
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lochristi · 1 establishment unit since 2009
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.
Antwerpse Steenweg 114D9080 LochristiGround area
9,169 m²
Building footprint
3,025 m²
Parcel 44034D0856/00T003, Flanders. Linked by address, not a title deed.
1 establishment unit
VADECAS & PARTNERS
since 20092.180.944.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034D0856/00T003 | Flanders | 9,169 m² | 1 · 3,025 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 12,801 EUR awarded · 12,741 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 548 EUR | 488 EUR |
| 2024 | 2 | 7,740 EUR | 7,794 EUR |
| 2023 | 1 | 1,740 EUR | 1,686 EUR |
| 2022 | 2 | 2,773 EUR | 2,773 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500QBU16VQGDC8W14
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Of 12,122 companies in sector 69201 we hold annual accounts for 7,601. 2,423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-05-2009
Fiscal year end30-06
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.