VADEMOCO
Dissolution or liquidationSummary
The KBO register records for VADEMOCO the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €3.0m and a net result of -€3,904.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 9 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
33 d early
2022
32 d late
2021
32 d early
2020
158 d late
2019
136 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 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
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,904
2024 · €33,922
Working capital
€3.0m▲ 5.2%
2024 · €2.8m
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€297,592▼ 81.2%€3.1m▲ 926%€863,666▼ 71.7%€2,774▼ 99.7%-€3,766
Net result€193,708▼ 87.4%€2.0m▲ 922%€588,507▼ 70.3%€33,922▼ 94.2%-€3,904
Equity€2.1m▲ 10.4%€2.2m▲ 8.0%€2.8m▲ 26.5%€2.8m▲ 1.2%€3.0m▲ 4.7%
Total assets€2.7m▼ 45.4%€3.4m▲ 23.1%€3.9m▲ 16.4%€2.9m▼ 25.6%€3.0m▲ 3.2%
Debt€673,830▼ 78.5%€1.1m▲ 69.1%€1.1m▼ 3.4%€67,029▼ 93.9%€28,729▼ 57.1%
Working capital€1.4m€1.3m▼ 3.7%€2.8m▲ 112%€2.8m▲ 1.2%€3.0m▲ 5.2%
Why a figure moved sharply
- 2024 Net result -94% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
- 2023 Net result -70% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,766 after €2,774 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€21,071 ▼ 37.0%
Current assets
€3.0m ▲ 3.7%
Equity and liabilities €3.0m
Equity
€3.0m ▲ 4.7%
Debt
€28,729 ▼ 57.1%
Debt's share of the balance-sheet total falls from 2.3% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.01▼
2024 · 0.02
ROE
-0.1%▼
2024 · 1.2%
ROA
-0.1%▼
2024 · 1.2%
Debt ≤ 1 year
€28,729▼
2024 · €67,029
A ratio outside any meaningful range has been withheld (balance sheet total €3.0m, equity €3.0m).
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 | €70,275 | €70,275 | - | - | - | - |
| Other operating charges640/8 | €37,591 | €28,049 | €36,253 | €17,771 | - | - |
| Non-recurring operating charges66A | €63,467 | - | - | - | - | - |
| Gross operating margin9900 | €468,925 | €3.2m | €899,919 | €20,545 | -€3,766 | ▼ 118% |
| Operating profit (loss)9901 | €297,592 | €3.1m | €863,666 | €2,774 | -€3,766 | ▼ 236% |
| Financial income75/76B | - | - | - | €48,013 | - | - |
| Recurring financial income75 | - | - | - | €48,013 | - | - |
| Financial charges65/66B | €33,361 | €5,993 | €45 | €15 | €137 | ▲ 816% |
| Recurring financial charges65 | €33,361 | €5,993 | €45 | €15 | €137 | ▲ 816% |
| Profit (loss) for the period before taxes9903 | €264,231 | €3.0m | €863,621 | €50,772 | -€3,904 | ▼ 108% |
| Income taxes67/77 | €70,523 | €1.1m | €275,114 | €16,850 | - | - |
| Profit (loss) for the period9904 | €193,708 | €2.0m | €588,507 | €33,922 | -€3,904 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €193,708 | €2.0m | €588,507 | €33,922 | -€3,904 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €3.4m | €3.9m | €2.9m | €3.0m | ▲ 3.2% |
| Fixed assets21/28 | €1.1m | €909,411 | €33,466 | €33,466 | €21,071 | ▼ 37.0% |
| Tangible fixed assets22/27 | €1.1m | €909,411 | €33,466 | €33,466 | €21,071 | ▼ 37.0% |
| Land and buildings22 | €1.0m | €870,466 | €33,466 | €33,466 | €21,071 | ▼ 37.0% |
| Plant, machinery and equipment23 | €45,095 | €38,945 | - | - | - | - |
| Current assets29/58 | €1.7m | €2.4m | €3.9m | €2.9m | €3.0m | ▲ 3.7% |
| Amounts receivable after more than one year29 | €150,000 | €19,315 | €19,315 | €19,315 | - | - |
| Other amounts receivable291 | €150,000 | €19,315 | €19,315 | €19,315 | - | - |
| Amounts receivable within one year40/41 | €25,670 | - | €30,771 | €848 | €74,079 | ▲ 8,635% |
| Trade receivables40 | - | - | - | - | €53,916 | - |
| Other amounts receivable41 | €25,670 | - | €30,771 | €848 | €20,163 | ▲ 2,278% |
| Current investments50/53 | - | - | €2.5m | €2.5m | €2.6m | ▲ 2.7% |
| Cash at bank and in hand54/58 | €1.5m | €2.4m | €1.3m | €320,824 | €305,875 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | €1,413 | - | - | €522 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €3.4m | €3.9m | €2.9m | €3.0m | ▲ 3.2% |
| Equity10/15 | €2.1m | €2.2m | €2.8m | €2.8m | €3.0m | ▲ 4.7% |
| Contributions10/11 | €1.9m | €61,563 | €61,563 | €61,563 | €61,563 | = |
| Capital10 | €1.9m | €61,563 | €61,563 | €61,563 | €61,563 | = |
| Issued capital100 | €1.9m | €61,563 | €61,563 | €61,563 | €61,563 | = |
| Reserves13 | €11,500 | €2.2m | €2.7m | €2.8m | €2.9m | ▲ 4.9% |
| Non-distributable reserves130/1 | €1,500 | €2.1m | €1,500 | €1,500 | €1,500 | = |
| Legal reserve130 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves not available under the articles1311 | - | €2.1m | - | - | - | - |
| Distributable reserves133 | €10,000 | €10,000 | €2.7m | €2.8m | €2.9m | ▲ 4.9% |
| Profit (loss) carried forward14 | €182,979 | €3,549 | €14,056 | €14,979 | €12,712 | ▼ 15.1% |
| Amounts payable17/49 | €673,830 | €1.1m | €1.1m | €67,029 | €28,729 | ▼ 57.1% |
| Amounts payable after more than one year17 | €357,103 | - | - | - | - | - |
| Financial debts170/4 | €357,103 | - | - | - | - | - |
| Amounts payable within one year42/48 | €316,727 | €1.1m | €1.1m | €67,029 | €28,729 | ▼ 57.1% |
| Current portion of amounts payable after more than one year42 | €44,888 | - | - | - | - | - |
| Trade debts44 | €84,983 | €5,181 | €1,722 | €33,690 | €4,196 | ▼ 87.5% |
| Suppliers440/4 | €84,983 | €5,181 | €1,722 | €33,690 | €4,196 | ▼ 87.5% |
| Taxes, remuneration and social security45 | €70,523 | €1.1m | €1.1m | €3,300 | €16,800 | ▲ 409% |
| Taxes450/3 | €70,523 | €1.1m | €1.1m | €3,300 | €16,800 | ▲ 409% |
| Other amounts payable47/48 | €116,332 | €36,331 | €30,040 | €30,040 | €7,733 | ▼ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €193,708 | €2.0m | €588,507 | €33,922 | -€3,904 | ▼ 112% |
| + Depreciation and write-downs630 | €70,275 | €70,275 | - | - | - | - |
| Operating cash flow (approximation) | €263,982 | €2.0m | €588,507 | €33,922 | -€3,904 | ▼ 112% |
| Investment in fixed assets (approximation) | - | €72,806 | €875,945 | €0 | €12,395 | - |
| Change in cash | - | €930,677 | -€1.1m | -€1.0m | -€14,949 | ▲ 98.5% |
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 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 103.80
Current ratio from 42.89 to 103.80; short-term debt falls from €67,029 to €28,729.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 12current ratio 42.89
Current ratio from 3.52 to 42.89; short-term debt falls from €1.1m to €67,029.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €2.0m ▲922%
Operating result €3.1m, net result €2.0m, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 158 days late
2021
31-12
Financial
Liquidity times 5current ratio 5.29
Current ratio from 1.00 to 5.29; short-term debt falls from €932,597 to €316,727.
31-12
Financial
Equity above €2mEq €2.1m ▲10.4%
2 profitable years in a row build equity to €2.1m.
Show earlier events
2020
31-12
Financial
Back to profitnet €1.5m
Net result €1.5m after one loss-making year.
31-12
Financial
Equity above €1mEq €1.9m ▲466%
Equity rises from €328,600 to €1.9m.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 136 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 308 days late
2019
31-12
Financial
Weakest financial yearnet -€562,926
Net result drops to -€562,926, the lowest in the series.
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Middelkerke · 1 establishment unit since 1994
Ground area
354 m²
Building footprint
413 m²
Volume, LiDAR
5,581 m³
2 parcels, Flanders · tallest building 21.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VADEMOCO
since 19942.066.399.314
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0117/00B000 | Flanders | 346 m² | 1 · 406 m² | 21.9 m · 5 fl. |
| 35022A0001/72_000 | Flanders | 7 m² | 1 · 7 m² | 5.8 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded21-06-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.