VADEVE
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-10-2025, 96 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
96 d early
2024
11 d late
2023
43 d early
2022
40 d early
2021
39 d early
2020
11 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€221,261▼ 23.9%
2024 · €290,574
Total assets
€640,089▲ 37.9%
2024 · €464,298
Net result
€164,493▲ 1,052%
2024 · €14,277
Working capital
€351,324▲ 820%
2024 · €38,204
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€14,652▲ 50.2%€3,436▼ 76.5%€9,992▲ 191%€11,926▲ 19.4%€195,432▲ 1,539%
Net result€41,371▲ 60.9%€31,743▼ 23.3%€23,891▼ 24.7%€14,277▼ 40.2%€164,493▲ 1,052%
Equity€208,263▲ 24.8%€240,006▲ 15.2%€263,897▲ 10.0%€290,574▲ 10.1%€221,261▼ 23.9%
Total assets€455,741▲ 14.1%€476,966▲ 4.7%€483,826▲ 1.4%€464,298▼ 4.0%€640,089▲ 37.9%
Debt€247,478▲ 6.4%€236,960▼ 4.3%€219,929▼ 7.2%€173,724▼ 21.0%€418,828▲ 141%
Working capital€2,488▼ 65.2%€32,366▲ 1,201%€34,308▲ 6.0%€38,204▲ 11.4%€351,324▲ 820%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,539% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €640,089
Fixed assets
€9,937 ▼ 97.5%
Current assets
€630,152 ▲ 812%
Equity and liabilities €640,089
Equity
€221,261 ▼ 23.9%
Debt
€418,828 ▲ 141%
Debt's share of the balance-sheet total rises from 37.4% to 65.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€208,701▲
2024 · €25,289
Cash flow
€177,762▲
2024 · €27,640
Current ratio
2.26▲
2024 · 2.24
Debt to equity
1.89▲
2024 · 0.60
ROE
74.3%▲
2024 · 4.9%
ROA
25.7%▲
2024 · 3.1%
Interest coverage
17.89▲
2024 · 2.46
Debt ≤ 1 year
€278,828▲
2024 · €30,925
Debt > 1 year
€140,000▼
2024 · €142,799
Income taxes
€19,272▲
2024 · €2,357
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €171,935 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,253 | €14,113 | €14,113 | €13,363 | €13,268 | ▼ 0.7% |
| Other operating charges640/8 | - | €469 | €645 | €762 | €531 | ▼ 30.3% |
| Gross operating margin9900 | €26,299 | €18,019 | €24,751 | €26,051 | €209,232 | ▲ 703% |
| Operating profit (loss)9901 | €14,652 | €3,436 | €9,992 | €11,926 | €195,432 | ▲ 1,539% |
| Financial income75/76B | - | €29,999 | €26,094 | €15,000 | €0 | ▼ 100% |
| Recurring financial income75 | €29,999 | €29,999 | €26,094 | €15,000 | €0 | ▼ 100% |
| Financial charges65/66B | - | €455 | €8,558 | €10,291 | €11,667 | ▲ 13.4% |
| Recurring financial charges65 | €495 | €455 | €8,558 | €10,291 | €11,667 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €44,155 | €32,981 | €27,529 | €16,634 | €183,765 | ▲ 1,005% |
| Income taxes67/77 | €2,784 | €1,238 | €3,638 | €2,357 | €19,272 | ▲ 718% |
| Profit (loss) for the period9904 | €41,371 | €31,743 | €23,891 | €14,277 | €164,493 | ▲ 1,052% |
| Profit (loss) for the period to be appropriated9905 | €41,371 | €31,743 | €23,891 | €14,277 | €164,493 | ▲ 1,052% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €455,741 | €476,966 | €483,826 | €464,298 | €640,089 | ▲ 37.9% |
| Fixed assets21/28 | €436,759 | €422,646 | €408,533 | €395,169 | €9,937 | ▼ 97.5% |
| Tangible fixed assets22/27 | €64,795 | €50,682 | €36,569 | €23,205 | €9,937 | ▼ 57.2% |
| Furniture and vehicles24 | - | €38,799 | €27,029 | €14,318 | €2,548 | ▼ 82.2% |
| Other tangible fixed assets26 | - | €11,882 | €9,540 | €8,887 | €7,389 | ▼ 16.9% |
| Financial fixed assets28 | €371,964 | €371,964 | €371,964 | €371,964 | €0 | ▼ 100% |
| Current assets29/58 | €18,982 | €54,320 | €75,293 | €69,129 | €630,152 | ▲ 812% |
| Amounts receivable within one year40/41 | €2,216 | €1,762 | €0 | €1,643 | €443 | ▼ 73.0% |
| Trade receivables40 | - | - | - | - | €443 | - |
| Other amounts receivable41 | - | €1,762 | €0 | €1,643 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €16,328 | €52,054 | €74,759 | €66,928 | €84,897 | ▲ 26.8% |
| Deferred charges and accrued income490/1 | - | €504 | €534 | €558 | €544,812 | ▲ 97,565% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €455,741 | €476,966 | €483,826 | €464,298 | €640,089 | ▲ 37.9% |
| Equity10/15 | €208,263 | €240,006 | €263,897 | €290,574 | €221,261 | ▼ 23.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €257,697 | €271,974 | €202,661 | ▼ 25.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | €255,837 | €271,974 | €202,661 | ▼ 25.5% |
| Profit (loss) carried forward14 | €200,203 | €231,946 | €0 | - | €0 | - |
| Amounts payable17/49 | €247,478 | €236,960 | €219,929 | €173,724 | €418,828 | ▲ 141% |
| Amounts payable after more than one year17 | €230,984 | €215,005 | €178,944 | €142,799 | €140,000 | ▼ 2.0% |
| Financial debts170/4 | - | €215,005 | €178,944 | €142,799 | €140,000 | ▼ 2.0% |
| Amounts payable within one year42/48 | €16,494 | €21,955 | €40,985 | €30,925 | €278,828 | ▲ 802% |
| Current portion of amounts payable after more than one year42 | - | €12,473 | €11,061 | €11,145 | €2,799 | ▼ 74.9% |
| Financial debts43 | - | - | €1,510 | €2,000 | €2,518 | ▲ 25.9% |
| Credit institutions430/8 | - | - | €1,510 | €2,000 | €2,518 | ▲ 25.9% |
| Trade debts44 | €1,363 | €2,588 | €14,845 | €1,334 | €1,580 | ▲ 18.4% |
| Suppliers440/4 | - | €2,588 | €14,845 | €1,334 | €1,580 | ▲ 18.4% |
| Taxes, remuneration and social security45 | - | €3,279 | €3,093 | €5,106 | €17,701 | ▲ 247% |
| Taxes450/3 | - | - | €3,093 | €3,013 | €17,701 | ▲ 487% |
| Remuneration and social security454/9 | - | €3,279 | €0 | €2,093 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €3,614 | €10,476 | €11,340 | €254,230 | ▲ 2,142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,371 | €31,743 | €23,891 | €14,277 | €164,493 | ▲ 1,052% |
| + Depreciation and write-downs630 | €11,253 | €14,113 | €14,113 | €13,363 | €13,268 | ▼ 0.7% |
| Operating cash flow (approximation) | €52,624 | €45,856 | €38,004 | €27,640 | €177,762 | ▲ 543% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €371,964 | - |
| Change in cash | - | €35,726 | €22,705 | -€7,831 | €17,968 | ▲ 329% |
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €164,493 ▲1,052%
Operating result €195,432, net result €164,493, both a record.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial
Weakest financial yearnet €14,277 ▼40.2%
Net result drops to €14,277, the lowest in the series.
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 2.47
Current ratio from 1.15 to 2.47.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €200,000Eq €208,263 ▲24.8%
3 profitable years in a row build equity to €208,263.
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €150,000Eq €166,892 ▲16.9%
2 profitable years in a row build equity to €166,892.
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2024 list no shareholders, and no other source names one.
Holdings 1
-
33.33%
According to the annual accounts to 30-06-2024 of VADEVE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 360 EUR | 360 EUR |