Vadem
ActiveVadem has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €31k. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+18
Solvency35▼-51
Growth58▲+6
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
9.7%
Return on assets
42.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 15%
← weakest
strongest →
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 20-03-2026, 133 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
133 d early
2024
91 d early
2023
85 d early
2022
40 d early
2021
26 d early
2020
3 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€7k▼ 79.4%
2024 · €34k
2020: €30k
2021: €42k
2022: €69k
2023: €29k
2024: €34k
2020 → 2025
Total assets
€73k▲ 30.3%
2024 · €56k
2020: €45k
2021: €61k
2022: €89k
2023: €85k
2024: €56k
2020 → 2025
Net result
€31k▲ 403%
2024 · €6k
2020: €25k
2021: €13k
2022: €28k
2023: €-512
2024: €6k
2020 → 2025
Working capital
€-5k
2024 · €13k
2020: €27k
2021: €40k
2022: €63k
2023: €20k
2024: €13k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€69k▲ 64.0%€29k▼ 58.3%€34k▲ 18.3%€7k▼ 79.4%
Operating result€17k-€36k▲ 108%€457▼ 98.7%€9k▲ 1,949%€39k▲ 315%
Net result€13k-€28k▲ 117%€-512€6k€31k▲ 403%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 315% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €73k
Fixed assets
€12k▼ 42.6%
Current assets
€61k▲ 75.6%
Equity and liabilities €73k
Equity
€7k▼ 79.4%
Debt
€66k▲ 203%
The debt ratio rises from 38.8% to 90.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €15k
Cash flow
€40k▲
2024 · €12k
Solvency
9.7%▼
2024 · 61.2%
Current ratio
0.92▼
2024 · 1.59
Quick ratio
0.90▼
2024 · 1.59
Debt / equity
9.34▲
2024 · 0.63
ROE
437.1%▲
2024 · 17.9%
ROA
42.3%▲
2024 · 10.9%
Interest coverage
852.12▲
2024 · 18.37
Debt
€66k▲
2024 · €22k
Debt ≤ 1 year
€66k▲
2024 · €22k
Income taxes
€8k▲
2024 · €2k
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€56k€73k▲
Fixed assets21/28€21k€12k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€19k€11k▼
Plant, machinery and equipment23€360-
Furniture and vehicles24€19k€11k▼
Current assets29/58€35k€61k▲
Stocks and contracts in progress3-€1k
Stocks30/36-€1k
Amounts receivable within one year40/41€14k€33k▲
Trade receivables40€10k€11k▲
Other amounts receivable41€4k€22k▲
Cash at bank and in hand54/58€14k€20k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€56k€73k▲
Equity10/15€34k€7k▼
Contributions10/11€7k€7k=
Reserves13€28k€548▼
Distributable reserves133€28k€548▼
Amounts payable17/49€22k€66k▲
Amounts payable within one year42/48€22k€66k▲
Financial debts43€2k€18▼
Credit institutions430/8€2k€18▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€14k€58k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€569€972▲
Gross operating margin9900€16k€49k▲
Operating profit (loss)9901€9k€39k▲
Financial income75/76B€57€508▲
Recurring financial income75€57€508▲
Financial charges65/66B€823€57▼
Recurring financial charges65€823€57▼
Profit (loss) for the period before taxes9903€9k€39k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€6k€31k▲
Profit (loss) for the period to be appropriated9905€6k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€31k▲
Transfer from equity791/2-€27k
Transfer to equity691/2€5k-
To other reserves6921€5k-
Profit to be distributed694/7€833€58k▲
Return on contributions (dividend)694€833€58k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €31k ▲403%
Operating result €39k, net result €31k, both a record.
01-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-512 ▼102%
Net result drops to €-512, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2019
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.
Walstraat 132070 Beveren-Kruibeke-ZwijndrechtGround area
1,036 m²
Building footprint
186 m²
Volume, LiDAR
849 m³
Parcel 11056B0344/00C000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vadem
since 20192.297.436.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056B0344/00C000 | Flanders | 1,036 m² | 1 · 186 m² | 7.3 m · 2 fl. |
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
2023 to 2024 · 2 entries · 255 EUR awarded · 255 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 255 EUR |
| 2023 | 1 | 255 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
LAYLINE
BE 0791.786.155
Watermaal-Bosvoorde · Eq €7k
AD+
BE 0817.493.333
Jemeppe-sur-Sambre · Eq €7k
VALDANNI
BE 0733.801.337
Ottignies-Louvain-la-Neuve · Eq €7k
STRUVELO
BE 1032.057.927
Pelt · Eq €7k
S.T.-E.P.
BE 0844.232.273
Welkenraedt · Eq €7k
Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 2,361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2019
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
32200Other manufacturing
47690Retail sale of other cultural and recreation goods
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.