VADENOT
ActiveVADENOT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €198k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 5% of 2934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-4
Solvency26=
Growth42▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.73 in 2023; short-term debt: 65% and cash: 29.7% of total assets), and 99% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2934 sector peers (2024).
NBB · sector comparisonPosition among 2934 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
33 d early
2022
14 d early
2021
31 d early
2020
33 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€21k=
2023 · €21k
2018: €21k
2019: €163k
2020: €21k
2021: €21k
2022: €21k
2023: €21k
2018 → 2024
Total assets
€2.12M▼ 22.7%
2023 · €2.74M
2018: €13.56M
2019: €13.47M
2020: €15.65M
2021: €30.23M
2022: €2.76M
2023: €2.74M
2018 → 2024
Net result
€198k▼ 40.1%
2023 · €330k
2018: €293k
2019: €620k
2020: €438k
2021: €560k
2022: €508k
2023: €330k
2018 → 2024
Working capital
€-494k▼ 10.9%
2023 · €-445k
2018: €-264k
2019: €-400k
2020: €-260k
2021: €-358k
2022: €-397k
2023: €-445k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€21k=€21k=€21k=€21k=
Operating result€530k-€766k▲ 44.4%€525k▼ 31.5%€346k▼ 34.1%€214k▼ 38.1%
Net result€438k-€560k▲ 27.7%€508k▼ 9.1%€330k▼ 35.1%€198k▼ 40.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.12M
Fixed assets
€1.24M▼ 19.8%
Current assets
€885k▼ 26.5%
Equity and liabilities €2.12M
Equity
€21k=
Debt
€2.10M▼ 22.9%
The debt ratio falls from 99.2% to 99.0%. Debt is lower.
Key figures and ratios
EBITDA
€519k▼
2023 · €662k
Cash flow
€503k▼
2023 · €647k
Solvency
1.0%▲
2023 · 0.8%
Current ratio
0.64▼
2023 · 0.73
Quick ratio
0.64▼
2023 · 0.73
Debt / equity
98.05
ROE
923.1%
ROA
9.3%▼
2023 · 12.0%
Interest coverage
63.11▼
2023 · 67.50
Debt
€2.10M▼
2023 · €2.72M
Debt ≤ 1 year
€1.38M▼
2023 · €1.65M
Debt > 1 year
€720k▼
2023 · €1.07M
Income taxes
€10k▲
2023 · €7k
Staff costs
€1.15M▲
2023 · €1.13M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.74M€2.12M▼
Fixed assets21/28€1.54M€1.24M▼
Intangible fixed assets21€744k€497k▼
Tangible fixed assets22/27€797k€739k▼
Land and buildings22€674k€633k▼
Plant, machinery and equipment23€83k€75k▼
Furniture and vehicles24€40k€31k▼
Current assets29/58€1.20M€885k▼
Amounts receivable within one year40/41€317k€247k▼
Trade receivables40€285k€245k▼
Other amounts receivable41€32k€2k▼
Cash at bank and in hand54/58€881k€630k▼
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€2.74M€2.12M▼
Equity10/15€21k€21k=
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€957€957=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.72M€2.10M▼
Amounts payable after more than one year17€1.07M€720k▼
Financial debts170/4€1.07M€720k▼
Amounts payable within one year42/48€1.65M€1.38M▼
Current portion of amounts payable after more than one year42€352k€353k▲
Trade debts44€138k€121k▼
Suppliers440/4€138k€121k▼
Taxes, remuneration and social security45€253k€190k▼
Taxes450/3€82k€53k▼
Remuneration and social security454/9€171k€138k▼
Other amounts payable47/48€907k€715k▼
Accrued charges and deferred income492/3€99€556▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.13M€1.15M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€317k€305k▼
Other operating charges640/8€69k€86k▲
Gross operating margin9900€1.86M€1.76M▼
Operating profit (loss)9901€346k€214k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€337k€208k▼
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€330k€198k▼
Profit (loss) for the period to be appropriated9905€330k€198k▼
Appropriation of the result
Profit (loss) to be appropriated9906€330k€198k▼
Profit (loss) brought forward from the previous period14P€0-
Profit to be distributed694/7€330k€198k▼
Directors or managers695€330k€198k▼
Social balance
Average headcount (FTE)908715.916.4▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €198k ▼40.1%
Net result drops to €198k, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €620k ▲111%
Net result €620k, the highest in the series.
31-12
Financial
Equity above €150kEq €163k ▲662%
2 profitable years in a row build equity to €163k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Jabbeke · 1 establishment unit since 2016
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.
Gistelsteenweg 2958490 JabbekeGround area
1,728 m²
Building footprint
215 m²
Volume, LiDAR
1,598 m³
Parcel 31012C0109/00C004, Flanders · tallest building 8.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VADENOT
since 20162.264.050.175
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012C0109/00C004 | Flanders | 1,728 m² | 1 · 215 m² | 8.4 m · 3 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
2022 to 2025 · 3 entries · 1,501 EUR awarded · 1,466 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 583 EUR | 548 EUR |
| 2023 | 1 | 54 EUR | 54 EUR |
| 2022 | 1 | 864 EUR | 864 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
254900Q5SPQV2GWM2P78
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NOTUR
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Of 2,258 companies in sector 69102 we hold annual accounts for 1,754. 793 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2016
Fiscal year end31-12
Activities, NACEBEL
69102Activities of notaries
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.