Equity
€673,709 ▲ 39.5%
VADECO has made a profit without a break since 2017.
VADECO
Lifetime
19 annual accounts with figures on one time axis, 31 filings since 1995peak €287,202 (2025)
€287,202▲ 75.3%
lowest -€94,523 (2009)
€190,885▲ 80.7%
peak €673,709 (2025)
€673,709▲ 39.5%
€27,506▼ 16.6%
peak 1 FTE (2007)
-not published
Board3 names since 2019
2 directorsDECROIX Anne and 1 other
Documentsfilings and deeds
19-03-202642 days before the deadline
2025micro format
Gross margin from €163,792 to €287,202Result from €105,654 to €190,885Reappointments: DECROIX Anne (managing director) and VANDERRO… 22-04Equity from €482,824 to €673,709Debts from €32,980 to €27,506Cash from €145,440 to €282,316
Key points
from the 2025 annual accountsResult
€190,885 ▲ 80.7%
The result rose in 2025 from €105,654 to €190,885.
Turnover
≈ €560,000 estimated
The micro format states no turnover.
Liquidity
17.48 was 6.82 in 2024
Short-term debts fell from €24,381 to €20,170.
Filings
31 annual accounts since 1995
The last five annual accounts were filed 3 to 42 days before the end of the period.
Position in the sector
96.1%
Higher solvency than 95% of companies in advertising and market research. Sector median 53.3% · 8,617 companies.
Checked score
98
Excellent
Financially stronger than 88% of micro companies in advertising and market research (NACE 73)
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: 0.2% across 11,231 companies (NACE 73, 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 03-2025highest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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%● unchanged 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%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
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 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 17.48, cash €282,316
Equity €673,709 (96.1% of total assets)
Founded in 1994
Size: total assets €701,215
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 73, micro). It does better than 87% of them on solvency, 97% on liquidity, 88% on profitability and 80% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 20,137 companies had the same profile as VADECO has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of VADECO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 20,137 companies, not a prediction for VADECO. 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 €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 17.48 (6.82 in 2024), above the usual 1.5. Short-term debt is 2.9% and cash 40.3% of total assets. 3.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 19-03-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
29 days early
2023
32 days early
2022
3 days early
2021
4 days early
2020
15 days early
2019
92 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 31 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 1 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 end11-11-2026 today30-04-2027 deadline
Board and ownership
Shares in 3 companies, including BLEUZE INTERFOOD and VULHOPP INDUSTRIE
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453604464
Reappointments: DECROIX Anne (managing director) and VANDERROOST Yves (managing director)
General meeting of 07-03-2025 · Gazette deed
Amendment of the articles
Gazette deed
2 directors appointed, 2 resignations, 1 reappointment
Resignations: DECROIX Anne and VEECKMANS William · Appointments: DECROIX Anne and VANDERROOST Yves (managing director) · Reappointment: DECROIX Anne (managing director) · General meeting of 01-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VADECO Knokke-Heist | €701,215 | €287,202 | 96.1% | - |
| M.J.H. Associates Ghent | €825,599 | €269,946 | 60.9% | - |
| PUBLI BELGIUM Ans | €741,202 | €262,723 | 17.3% | - |
| AXON Tielt | €645,113 | €439,086 | 24.9% | 7.5 |
| CONTRAPUNT Leuven | €834,348 | €250,923 | 54.7% | 4.1 |
| YVES DE CLERCQ Lasne | €707,939 | €231,497 | 64.5% | - |
| LEADERMAN Woluwe-Saint-Pierre | €846,511 | €353,054 | 50.3% | - |
These companies have the same main activity as VADECO: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €645,000 and €847,000, founded between 1991 and 1997.
Official details
Source: KBO- Status
- Active since 19-10-1994Normal situation
- Activity
- Market research and public opinion pollingNACE 73200
- Establishment unit
- 2.068.928.9358300 Knokke-Heist, since 09-11-1994
- Financial year end
- 30 September
- Peppol
- Reachable since 13-01-2026
Annual accounts to 30-09-2025
- €701,215▲ 35.9%
- Filing
- Filed on 19-03-2026, 42 days before the end of the filing period
Companies linked to VADECO
Subsidiaries and holdings
- INTERGROUP SERVICES33.33%
Insights on VADECO
VADECO files the micro format. That format states no turnover. The gross margin rose from €123,906 in 2007 to €287,202 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 VADECO
- What is the company number of VADECO?
- The company number of VADECO is 0453.604.464. The VAT number is the same number with BE in front: BE 0453.604.464.
- Where is VADECO based?
- The registered office is at Van Rysselberghestraat 1, 8300 Knokke-Heist.Company details
- What does VADECO do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of VADECO?
- VADECO is a public limited company (NV).
- When was VADECO founded?
- VADECO was founded on 19-10-1994.
- Is VADECO still active?
- Yes, VADECO is an active enterprise in the KBO register.
- What is the turnover of VADECO?
- The turnover in financial year 2025 is ≈ €560,000. This figure is estimated from the gross margin of €287,202 and 46 comparable companies (NACE 73). It probably lies between €390,000 and €720,000.Financials
- Is VADECO profitable?
- In financial year 2025, VADECO made a profit of €190,885.
- Where can I find the annual accounts of VADECO?
- VADECO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VADECO due?
- VADECO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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