Turnover
≈ €310,000 estimated
The micro format states no turnover.
VADETH
Lifetime
13 annual accounts with figures on one time axispeak €122,072 (2024)
€59,722▼ 51.1%
lowest -€8,681 (2013)
€37,941▼ 56.8%
peak €173,807 (2025)
€173,807▲ 27.9%
€103,108▼ 32.1%
Board1 name since 2021
1 directorVAN EETVELDE Frank Maria Erik Sigrid
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Gross margin from €122,072 to €59,722Result from €87,846 to €37,941Equity from €135,866 to €173,807Debts from €151,944 to €103,108Cash from €43,609 to €88,124
Key points
from the 2025 annual accountsFilings
13 annual accounts since 2013
Eight of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Position in the sector
€173,807
More equity than 84% of companies in construction of buildings. Sector median €45,544 · 9,459 companies.
Checked score
92
Excellent
Financially stronger than 72% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -1.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 2.38, cash €88,124
Founded in 2012
Equity €173,807 (62.8% of total assets)
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 41, micro). It does better than 72% of them on solvency, 77% on liquidity, 70% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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, 34,693 companies had the same profile as VADETH has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of VADETH itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for VADETH. 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 €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.38 (1.65 in 2024), above the usual 1.5. Short-term debt is 37.2% and cash 31.8% of total assets. 37.2% 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
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €173,807
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
6 days early
2023
13 days late
2022
28 days late
2021
23 days late
2020
31 days late
2019
31 days late
← 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 12 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VE
VAN EETVELDE Frank Maria Erik Sigrid
Director
- enige aandeelhouder all the sharesdeed of 21-11-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0849893511
Amendment of the articles · Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · enige aandeelhouder holds all the shares · Director in office: VAN EETVELDE Frank Maria Erik Sigrid · General meeting of 22-12-2023 · Gazette deed
Incorporation
published on 07-11-2012 · Gazette deed
First establishment
Boekhoutstraat 36, Gingelom
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VADETH Gingelom | €276,914 | €59,722 | 62.8% | - |
| ALPHI GROUP Genk | €252,533 | €61,462 | 20.3% | - |
| L&B BOUWONDERNEMING Zutendaal | €241,784 | €61,942 | 44.0% | - |
| ARCHICON ARCHITECTEN Heers | €297,368 | €61,292 | 34.1% | - |
| ALGEMENE BOUWWERKEN LKS Beringen | €268,826 | €49,137 | 24.9% | - |
| VIAENE BERT Bruges | €273,034 | €55,878 | 48.4% | - |
| VM CONSTRUCTION Zele | €274,952 | €62,040 | 34.2% | - |
These companies have the same main activity as VADETH: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €242,000 and €297,000, founded between 2010 and 2014.
Official details
Source: KBO- Status
- Active since 22-10-2012Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.214.894.7333890 Gingelom, since 22-10-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €276,914▼ 3.8%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on VADETH
VADETH files the micro format. That format states no turnover. The gross margin rose from -€6,347 in 2013 to €59,722 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 VADETH
- What is the company number of VADETH?
- The company number of VADETH is 0849.893.511. The VAT number is the same number with BE in front: BE 0849.893.511.
- Where is VADETH based?
- The registered office is at Boekhoutstraat 36, 3890 Gingelom.Company details
- What does VADETH do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of VADETH?
- VADETH is a private limited company (BV).
- When was VADETH founded?
- VADETH was founded on 22-10-2012.
- Is VADETH still active?
- Yes, VADETH is an active enterprise in the KBO register.
- What is the turnover of VADETH?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €59,722 and 111 comparable companies (NACE 41001). It probably lies between €230,000 and €520,000.Financials
- Is VADETH profitable?
- In financial year 2025, VADETH made a profit of €37,941.
- Where can I find the annual accounts of VADETH?
- VADETH filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VADETH due?
- VADETH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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