VADELE
ActiveSummary
VADELE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€184,252) and a net result of €987. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+7
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 151.4% of total assets, and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-61.2%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
61 d late
2022
60 d late
2021
33 d early
2020
1 d early
2019
137 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€184,252▲ 0.5%
2024 · -€185,240
Total assets
€301,197▼ 4.6%
2024 · €315,616
Net result
€987▼ 86.7%
2024 · €7,438
Working capital
-€413,167▼ 4.9%
2022 · -€394,002
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,370€13,316▲ 148%€28,546▲ 114%€19,319▼ 32.3%€6,260▼ 67.6%
Net result-€1,888▲ 87.5%€7,009€10,547▲ 50.5%€7,438▼ 29.5%€987▼ 86.7%
Equity-€210,233▼ 0.9%-€203,224▲ 3.3%-€192,678▲ 5.2%-€185,240▲ 3.9%-€184,252▲ 0.5%
Total assets€371,321▼ 3.6%€356,223▼ 4.1%€327,293▼ 8.1%€315,616▼ 3.6%€301,197▼ 4.6%
Debt€581,555▼ 2.0%€559,447▼ 3.8%€519,970▼ 7.1%€500,856▼ 3.7%€485,449▼ 3.1%
Working capital-€359,543▼ 13.3%-€394,002▼ 9.6%-€413,167▼ 4.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024.
Key figures and ratios
EBITDA
€20,679▼
2024 · €33,672
Cash flow
€15,406▼
2024 · €21,790
Solvency
-61.2%▼
2024 · -58.7%
Debt to equity
-2.63▲
2024 · -2.70
ROA
0.3%▼
2024 · 2.4%
Interest coverage
3.92▲
2024 · 2.83
Debt ≤ 1 year
€455,896▲
2024 · €447,833
Debt > 1 year
€29,554▼
2024 · €53,023
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,381 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,980 | €13,980 | €13,680 | €14,352 | €14,419 | ▲ 0.5% |
| Other operating charges640/8 | €5,739 | €4,122 | €4,810 | €4,689 | €4,827 | ▲ 3.0% |
| Gross operating margin9900 | €25,088 | €31,418 | €47,035 | €38,360 | €25,506 | ▼ 33.5% |
| Operating profit (loss)9901 | €5,370 | €13,316 | €28,546 | €19,319 | €6,260 | ▼ 67.6% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | - | - | - |
| Financial charges65/66B | €7,258 | €6,307 | €17,999 | €11,881 | €5,273 | ▼ 55.6% |
| Recurring financial charges65 | €7,258 | €6,307 | €17,999 | €11,881 | €5,273 | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | -€1,888 | €7,009 | €10,547 | €7,438 | €987 | ▼ 86.7% |
| Profit (loss) for the period9904 | -€1,888 | €7,009 | €10,547 | €7,438 | €987 | ▼ 86.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,888 | €7,009 | €10,547 | €7,438 | €987 | ▼ 86.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €371,321 | €356,223 | €327,293 | €315,616 | €301,197 | ▼ 4.6% |
| Fixed assets21/28 | €369,284 | €355,304 | €326,274 | €315,616 | €301,197 | ▼ 4.6% |
| Tangible fixed assets22/27 | €369,284 | €355,304 | €326,274 | €315,616 | €301,197 | ▼ 4.6% |
| Land and buildings22 | €369,284 | €355,304 | €326,274 | €312,594 | €298,914 | ▼ 4.4% |
| Other tangible fixed assets26 | - | - | - | €3,022 | €2,283 | ▼ 24.4% |
| Current assets29/58 | €2,038 | €919 | €1,019 | - | - | - |
| Amounts receivable within one year40/41 | €2,038 | - | - | - | - | - |
| Other amounts receivable41 | €2,038 | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €919 | €1,019 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €371,321 | €356,223 | €327,293 | €315,616 | €301,197 | ▼ 4.6% |
| Equity10/15 | -€210,233 | -€203,224 | -€192,678 | -€185,240 | -€184,252 | ▲ 0.5% |
| Contributions10/11 | €48,000 | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Reserves13 | €4,800 | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Non-distributable reserves130/1 | €4,800 | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Reserves not available under the articles1311 | €4,800 | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Profit (loss) carried forward14 | -€263,033 | -€256,024 | -€245,478 | -€238,040 | -€237,052 | ▲ 0.4% |
| Amounts payable17/49 | €581,555 | €559,447 | €519,970 | €500,856 | €485,449 | ▼ 3.1% |
| Amounts payable after more than one year17 | €219,974 | €164,526 | €105,785 | €53,023 | €29,554 | ▼ 44.3% |
| Financial debts170/4 | €219,974 | €164,526 | €105,785 | €53,023 | €29,554 | ▼ 44.3% |
| Amounts payable within one year42/48 | €361,581 | €394,921 | €414,186 | €447,833 | €455,896 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | €63,306 | €73,259 | €58,741 | €52,762 | €23,469 | ▼ 55.5% |
| Financial debts43 | €146 | €149 | €149 | €153 | €154 | ▲ 1.2% |
| Credit institutions430/8 | €146 | €149 | €149 | €153 | €154 | ▲ 1.2% |
| Trade debts44 | €4,336 | €9,488 | €1,505 | €239 | €10,459 | ▲ 4,272% |
| Suppliers440/4 | €4,336 | €9,488 | €1,505 | €239 | €10,459 | ▲ 4,272% |
| Other amounts payable47/48 | €293,794 | €312,025 | €353,791 | €394,679 | €421,813 | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,888 | €7,009 | €10,547 | €7,438 | €987 | ▼ 86.7% |
| + Depreciation and write-downs630 | €13,980 | €13,980 | €13,680 | €14,352 | €14,419 | ▲ 0.5% |
| Operating cash flow (approximation) | €12,092 | €20,989 | €24,227 | €21,790 | €15,406 | ▼ 29.3% |
| Investment in fixed assets (approximation) | - | €0 | €15,350 | -€3,695 | €0 | ▲ 100% |
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2018net €10,547 ▲50.5%
Net result €10,547, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €7,009
Net result €7,009 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 137 days late
2019
31-12
Financial
Back to profitnet €6,568
Net result €6,568 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2007
Ground area
864 m²
Building footprint
381 m²
Volume, LiDAR
3,658 m³
2 parcels, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Vadele
since 20072.165.946.949
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0493/00B002 | Flanders | 763 m² | 1 · 271 m² | 15.2 m · 4 fl. |
| 12007B0582/00F000 | Flanders | 101 m² | 1 · 110 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-06-2007
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889975790
Also
9925:BE0889975790
Registered
03-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.