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VADIGRAN

Active
Public limited companyfounded 198739 yrs activeAlfred Algoetstraat 36, 1750 Lennik, BelgiumKBO/BCE: BE 0431.312.379
Summary

VADIGRAN has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of -€1.8m. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 18% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-37
Solvency41▲+6
Growth49▲+11
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 1.12 in 2024; short-term debt: 59.1% and cash: 5.2% of total assets), and 83.9% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
16.1%
Return on assets
-15.6%
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 18% of 5048 sector peers (2025).
NBB · sector comparison
Position among 5048 sector peers
Solvency
better than 18%
← 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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 d early
2024
4 d late
2023
12 d early
2022
10 d late
2021
5 d early
2020
16 d early
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VADIGRAN was incorporated on 2 June 1987.1 The board currently has 2 members; SAMUEL KOENRAAD VAN LATHEM has served longest, since 2026.2 Revenue grew from EUR 33 million in 2023 to EUR 46 million in 2025 and headcount from 38.6 full-time equivalents in 2019 to 23 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 08-05-2026
  3. 3National Bank, annual accounts 2019, 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€46.3m▲ 33.5%
2024 · €34.7m
EBIT margin
-9.4%▼ 11.8pp
2024 · 2.3%
Net result
-€1.8m
2024 · €22,677
Working capital
€1.3m▼ 15.2%
2024 · €1.6m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€33.1m€34.7m▲ 4.8%€46.3m▲ 33.5%
Operating result€454,905▲ 53.6%-€176,926€516,203€808,317▲ 56.6%-€4.4m
Net result€139,350within the sector's middle half▲ 3,156%-€407,976below the sector's middle half€136,967within the sector's middle half€22,677within the sector's middle half▼ 83.4%-€1.8mbelow the sector's middle half
EBIT margin1.6%2.3%▲ 0.8pp-9.4%▼ 11.8pp
Equity€2.1mabove the sector's middle half▲ 7.1%€1.7mabove the sector's middle half▼ 19.3%€1.8mwithin the sector's middle half▲ 8.0%€1.9mwithin the sector's middle half▲ 1.2%€1.9mwithin the sector's middle half=
Total assets€15.2mabove the sector's middle half▲ 15.9%€16.5mabove the sector's middle half▲ 9.2%€16.5mabove the sector's middle half▼ 0.2%€18.1mabove the sector's middle half▲ 9.5%€11.6mwithin the sector's middle half▼ 36.0%
Debt€13.0m▲ 17.5%€14.8m▲ 13.8%€14.7m▼ 1.1%€16.2m▲ 10.5%€9.7m▼ 40.2%
Working capital€2.8mabove the sector's middle half▲ 36.1%€1.5mabove the sector's middle half▼ 48.2%€3.4mwithin the sector's middle half▲ 135%€1.6mwithin the sector's middle half▼ 54.2%€1.3mwithin the sector's middle half▼ 15.2%
Solvency13.9%below the sector's middle half▼ 1.1pp10.3%below the sector's middle half▼ 3.6pp11.1%below the sector's middle half▲ 0.9pp10.3%below the sector's middle half▼ 0.8pp16.1%below the sector's middle half▲ 5.8pp
Current ratio1.26within the sector's middle half▲ 0.041.11below the sector's middle half▼ 0.161.31within the sector's middle half▲ 0.211.12below the sector's middle half▼ 0.191.19below the sector's middle half▲ 0.07
Return on assets (ROA)0.9%within the sector's middle half▲ 0.9pp-2.5%below the sector's middle half▼ 3.4pp0.8%within the sector's middle half▲ 3.3pp0.1%below the sector's middle half▼ 0.7pp-15.6%below the sector's middle half▼ 15.7pp
Staff (FTE)35above the sector's middle half▲ 4.2%40.3above the sector's middle half▲ 15.1%41.6above the sector's middle half▲ 3.2%33.2above the sector's middle half▼ 20.2%23within the sector's middle half▼ 30.7%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€6.0m-€4.0m-€2.0m€0Operating result 2021: €454,905€454,905Net result 2021: €139,350€139,350Operating result 2022: -€176,926-€176,926Net result 2022: -€407,976-€407,976Operating result 2023: €516,203€516,203Net result 2023: €136,967€136,967Operating result 2024: €808,317€808,317Net result 2024: €22,677€22,677Operating result 2025: -€4.4m-€4.4mNet result 2025: -€1.8m-€1.8m20212022202320242025-€6m-€4m-€2m€0Operating result 2023: €516,203€516,000Net result 2023: €136,967€137,000Operating result 2024: €808,317€808,000Net result 2024: €22,677€22,700Operating result 2025: -€4.4m-€4.4mNet result 2025: -€1.8m-€1.8m202320242025
The operating result turns negative in 2025: a loss of €4.4m after €808,317 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets €3.0m ▼ 19.1%
Current assets €8.2m ▼ 42.2%
Equity and liabilities €11.6m
Equity €1.9m =
Debt €9.7m ▼ 40.2%
Debt's share of the balance-sheet total falls from 89.7% to 83.9%. Debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2.7m▼
2024 · €1.5m
Cash flow
-€135,465▼
2024 · €669,751
Quick ratio
0.47▼
2024 · 0.72
Debt to equity
5.21▼
2024 · 8.71
ROE
-96.6%▼
2024 · 1.2%
Interest coverage
-3.14▼
2024 · 2.24
Debt ≤ 1 year
€6.8m▼
2024 · €12.5m
Debt > 1 year
€1.9m▼
2024 · €3.4m
Income taxes
€4,191▲
2024 · €1,769
Staff costs
€3.6m▲
2024 · €2.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 307 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 89% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.9% went bankrupt
5.2% stopped otherwise
89% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 307 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 90 lines
Balance sheet Code20242025
Assets
Total assets20/58€18.1m€11.6m▼
Formation expenses20€238,262€383,336▲
Fixed assets21/28€3.7m€3.0m▼
Intangible fixed assets21€3.0m€2.0m▼
Tangible fixed assets22/27€250,773€451,644▲
Land and buildings22€10,374€6,662▼
Plant, machinery and equipment23€18,801€240,145▲
Furniture and vehicles24€221,599€60,999▼
Leasing and similar rights25-€143,838
Financial fixed assets28€510,000€546,042▲
Affiliated companies280/1€510,000€500,000▼
Participating interests280€510,000€500,000▼
Other financial fixed assets284/8-€46,042
Amounts receivable and cash guarantees285/8-€46,042
Current assets29/58€14.1m€8.2m▼
Amounts receivable after more than one year29€130,808€444,054▲
Trade receivables290€130,808-
Other amounts receivable291-€444,054
Stocks and contracts in progress3€5.1m€4.9m▼
Stocks30/36€5.1m€4.9m▼
Raw materials and consumables30/31€1,001-
Goods purchased for resale34€4.8m€4.8m▼
Advance payments36€233,074€138,213▼
Amounts receivable within one year40/41€7.1m€2.1m▼
Trade receivables40€6.6m€1.6m▼
Other amounts receivable41€480,131€544,244▲
Cash at bank and in hand54/58€502,801€595,875▲
Deferred charges and accrued income490/1€1.3m€59,542▼
Equity and liabilities
Total equity and liabilities10/49€18.1m€11.6m▼
Equity10/15€1.9m€1.9m=
Contributions10/11€115,000€1.9m▲
Capital10€115,000€1.9m▲
Issued capital100€115,000€1.9m▲
Reserves13€1.3m€1.3m=
Non-distributable reserves130/1€11,500€11,500=
Legal reserve130€11,500€11,500=
Distributable reserves133€1.2m€1.2m=
Profit (loss) carried forward14€490,766-€1.3m▼
Amounts payable17/49€16.2m€9.7m▼
Amounts payable after more than one year17€3.4m€1.9m▼
Financial debts170/4€3.4m€1.9m▼
Subordinated loans170€2.1m€734,620▼
Leasing and similar obligations172-€102,885
Other loans174€1.2m€1.1m▼
Amounts payable within one year42/48€12.5m€6.8m▼
Current portion of amounts payable after more than one year42€161,989€259,030▲
Financial debts43€5.1m€1.6m▼
Credit institutions430/8€5.1m€1.6m▼
Trade debts44€6.3m€3.6m▼
Suppliers440/4€6.3m€3.6m▼
Taxes, remuneration and social security45€735,522€283,093▼
Taxes450/3€189,326€75,021▼
Remuneration and social security454/9€546,197€208,072▼
Other amounts payable47/48€214,263€1.1m▲
Accrued charges and deferred income492/3€318,149€932,850▲
Income statement Code20242025
Operating income70/76A€36.6m€48.3m▲
Turnover70€34.7m€46.3m▲
Own construction capitalised72€1.1m€400,068▼
Other operating income74€910,052€1.5m▲
Non-recurring operating income76A€117€63,639▲
Operating charges60/66A€35.8m€52.7m▲
Goods for resale, raw materials and consumables60€24.7m€32.9m▲
Purchases600/8€22.2m€33.0m▲
Change in stocks: decrease (increase)609€2.4m-€78,562▼
Services and other goods61€7.5m€12.9m▲
Remuneration, social security and pensions62€2.9m€3.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€647,074€1.7m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1,190€94,916▲
Other operating charges640/8€91,169€380,987▲
Operating charges capitalised as restructuring costs649--€306,294
Non-recurring operating charges66A€66,120€1.4m▲
Operating profit (loss)9901€808,317-€4.4m▼
Financial income75/76B€179,269€3.8m▲
Recurring financial income75€179,269€330,552▲
Income from current assets751-€241,080
Other financial income752/9€179,269€89,472▼
Non-recurring financial income76B-€3.5m
Financial charges65/66B€963,139€1.3m▲
Recurring financial charges65€963,139€1.3m▲
Debt charges650€648,846€859,826▲
Other financial charges652/9€314,292€390,458▲
Profit (loss) for the period before taxes9903€24,447-€1.8m▼
Income taxes67/77€1,769€4,191▲
Taxes670/3€3,740€4,191▲
Tax adjustments and reversals of tax provisions77€1,971-
Profit (loss) for the period9904€22,677-€1.8m▼
Profit (loss) for the period to be appropriated9905€22,677-€1.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€490,766-€1.3m▼
Profit (loss) brought forward from the previous period14P€468,089€490,766▲
Social balance
Average headcount (FTE)908733.223.0▼

The notes to these accounts (99 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A--€34.8m€36.6m€48.3m▲ 31.8%
Turnover70--€33.1m€34.7m€46.3m▲ 33.5%
Own construction capitalised72--€902,791€1.1m€400,068▼ 62.2%
Other operating income74--€639,745€910,052€1.5m▲ 68.3%
Non-recurring operating income76A--€126,096€117€63,639▲ 54,292%
Operating charges60/66A--€34.2m€35.8m€52.7m▲ 46.9%
Goods for resale, raw materials and consumables60--€24.5m€24.7m€32.9m▲ 33.4%
Purchases600/8--€23.4m€22.2m€33.0m▲ 48.3%
Change in stocks: decrease (increase)609--€1.0m€2.4m-€78,562▼ 103%
Services and other goods61--€5.6m€7.5m€12.9m▲ 72.8%
Remuneration, social security and pensions62-€3.1m€3.3m€2.9m€3.6m▲ 23.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€669,055€698,053€626,647€647,074€1.7m▲ 157%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€1,190€94,916▲ 7,876%
Other operating charges640/8-€110,013€254,096€91,169€380,987▲ 318%
Operating charges capitalised as restructuring costs649-----€306,294-
Non-recurring operating charges66A---€66,120€1.4m▲ 2,092%
Gross operating margin9900€3.7m€3.7m----
Operating profit (loss)9901€454,905-€176,926€516,203€808,317-€4.4m▼ 640%
Financial income75/76B-€104,527€38,008€179,269€3.8m▲ 2,031%
Recurring financial income75€62,588€104,527€38,008€179,269€330,552▲ 84.4%
Income from current assets751----€241,080-
Other financial income752/9--€38,008€179,269€89,472▼ 50.1%
Non-recurring financial income76B----€3.5m-
Financial charges65/66B-€332,241€412,244€963,139€1.3m▲ 29.8%
Recurring financial charges65€305,483€332,241€412,244€963,139€1.3m▲ 29.8%
Debt charges650--€279,686€648,846€859,826▲ 32.5%
Other financial charges652/9--€132,558€314,292€390,458▲ 24.2%
Profit (loss) for the period before taxes9903€212,011-€404,640€141,967€24,447-€1.8m▼ 7,443%
Income taxes67/77€72,660€3,336€5,000€1,769€4,191▲ 137%
Taxes670/3--€5,000€3,740€4,191▲ 12.0%
Tax adjustments and reversals of tax provisions77---€1,971--
Profit (loss) for the period9904€139,350-€407,976€136,967€22,677-€1.8m▼ 8,035%
Transfer from tax-exempt reserves789--€37,500---
Profit (loss) for the period to be appropriated9905€139,350-€407,976€174,467€22,677-€1.8m▼ 8,035%
Line20212022202320242025Change
Assets
Total assets20/58€15.2m€16.5m€16.5m€18.1m€11.6m▼ 36.0%
Formation expenses20--€131,047€238,262€383,336▲ 60.9%
Fixed assets21/28€1.6m€1.3m€2.0m€3.7m€3.0m▼ 19.1%
Intangible fixed assets21€1.0m€751,470€1.6m€3.0m€2.0m▼ 32.0%
Tangible fixed assets22/27€494,671€436,249€304,811€250,773€451,644▲ 80.1%
Land and buildings22-€21,193€15,586€10,374€6,662▼ 35.8%
Plant, machinery and equipment23-€114,098€24,401€18,801€240,145▲ 1,177%
Furniture and vehicles24-€300,957€264,823€221,599€60,999▼ 72.5%
Leasing and similar rights25----€143,838-
Financial fixed assets28€100,000€100,000€110,000€510,000€546,042▲ 7.1%
Affiliated companies280/1--€110,000€510,000€500,000▼ 2.0%
Participating interests280--€110,000€510,000€500,000▼ 2.0%
Other financial fixed assets284/8----€46,042-
Amounts receivable and cash guarantees285/8----€46,042-
Current assets29/58€13.5m€15.3m€14.3m€14.1m€8.2m▼ 42.2%
Amounts receivable after more than one year29-€127,618€127,618€130,808€444,054▲ 239%
Trade receivables290-€127,618€127,618€130,808--
Other amounts receivable291----€444,054-
Stocks and contracts in progress3€8.2m€10.0m€7.2m€5.1m€4.9m▼ 2.4%
Stocks30/36-€10.0m€7.2m€5.1m€4.9m▼ 2.4%
Raw materials and consumables30/31--€1.4m€1,001--
Goods purchased for resale34--€5.9m€4.8m€4.8m▼ 0.5%
Advance payments36---€233,074€138,213▼ 40.7%
Amounts receivable within one year40/41€5.2m€4.9m€3.0m€7.1m€2.1m▼ 70.1%
Trade receivables40-€3.6m€864,367€6.6m€1.6m▼ 76.1%
Other amounts receivable41-€1.3m€2.1m€480,131€544,244▲ 13.4%
Cash at bank and in hand54/58€129,317€72,874€65,470€502,801€595,875▲ 18.5%
Deferred charges and accrued income490/1-€133,235€3.9m€1.3m€59,542▼ 95.5%
Equity and liabilities
Total equity and liabilities10/49€15.2m€16.5m€16.5m€18.1m€11.6m▼ 36.0%
Equity10/15€2.1m€1.7m€1.8m€1.9m€1.9m=
Contributions10/11€115,000€115,000€115,000€115,000€1.9m▲ 1,565%
Capital10-€115,000€115,000€115,000€1.9m▲ 1,565%
Issued capital100-€115,000€115,000€115,000€1.9m▲ 1,565%
Reserves13€1.3m€1.3m€1.3m€1.3m€1.3m=
Non-distributable reserves130/1-€11,500€11,500€11,500€11,500=
Legal reserve130-€11,500€11,500€11,500€11,500=
Tax-exempt reserves132-€37,500----
Distributable reserves133-€1.2m€1.2m€1.2m€1.2m=
Profit (loss) carried forward14€701,598€293,621€468,089€490,766-€1.3m▼ 367%
Amounts payable17/49€13.0m€14.8m€14.7m€16.2m€9.7m▼ 40.2%
Amounts payable after more than one year17€2.1m€1.0m€3.3m€3.4m€1.9m▼ 42.4%
Financial debts170/4-€618,470€3.3m€3.4m€1.9m▼ 42.4%
Subordinated loans170--€817,215€2.1m€734,620▼ 65.8%
Leasing and similar obligations172----€102,885-
Credit institutions173--€831,727---
Other loans174--€1.7m€1.2m€1.1m▼ 9.4%
Trade debts175-€401,929----
Amounts payable within one year42/48€10.7m€13.8m€10.9m€12.5m€6.8m▼ 45.5%
Current portion of amounts payable after more than one year42-€484,551€173,496€161,989€259,030▲ 59.9%
Financial debts43-€8.4m€5.7m€5.1m€1.6m▼ 69.3%
Credit institutions430/8-€8.4m€5.7m€5.1m€1.6m▼ 69.3%
Trade debts44€2.7m€4.4m€4.3m€6.3m€3.6m▼ 42.5%
Suppliers440/4-€4.4m€4.3m€6.3m€3.6m▼ 42.5%
Taxes, remuneration and social security45-€519,265€657,288€735,522€283,093▼ 61.5%
Taxes450/3--€221,616€189,326€75,021▼ 60.4%
Remuneration and social security454/9-€519,265€435,672€546,197€208,072▼ 61.9%
Other amounts payable47/48-€300€300€214,263€1.1m▲ 411%
Accrued charges and deferred income492/3-€17,566€410,277€318,149€932,850▲ 193%
Line20212022202320242025Change
Profit (loss) for the period9904€139,350-€407,976€136,967€22,677-€1.8m▼ 8,035%
+ Depreciation and write-downs630€669,055€698,053€626,647€647,074€1.7m▲ 157%
Operating cash flow (approximation)€808,406€290,077€763,614€669,751-€135,465▼ 120%
Investment in fixed assets (approximation)--€367,792-€1.4m-€2.3m-€949,484▲ 59.4%
Change in cash--€56,443-€7,404€437,332€93,074▼ 78.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
08-05
State Gazette act Resignations: MARLEEN ERICA VAN DIEST (non-statutory director) and ANTOON THEODOOR VAN LATHEM (non-statutory director)
Appointments: YANA ALEXANDRA VAN LATHEM (non-statutory director) and SAMUEL KOENRAAD VAN LATHEM (non-statutory director) · Permanent representative: Jeroen Vanderlinden6 facts ▸
  • General meeting, 31-03-2026
  • Director resignation, MARLEEN ERICA VAN DIEST (non-statutory director)
  • Director resignation, ANTOON THEODOOR VAN LATHEM (non-statutory director)
  • Director appointment, YANA ALEXANDRA VAN LATHEM (non-statutory director)
  • Director appointment, SAMUEL KOENRAAD VAN LATHEM (non-statutory director)
  • Permanent representative, Jeroen Vanderlinden (permanent representative)
2025
31-12
Financial Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series.
04-02
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
19-01
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial Back to profitnet €136,967
Net result €136,967 after one loss-making year.
10-02
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
26-01
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial Equity above €2mEq €2.1m ▲7.1%
3 profitable years in a row build equity to €2.1m.
15-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts

Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 directors, last change in 2026
SAMUEL KOENRAAD VAN LATHEM
Non-statutory director · since 08-05-2026
Current
YANA ALEXANDRA VAN LATHEM
Non-statutory director · since 08-05-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lennik · 3 establishment units since 1988
seat establishment All 3 establishment units on the map
Ground area
6,058 m²
Building footprint
3,769 m²
Volume, LiDAR
30,943 m³
3 parcels, Flanders, Wallonia · tallest building 30.2 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
3 establishment units
Alfred Algoetstraat 36, 1750 Lennik
Manufacture of leather and related products
since 19882.039.379.765
Chemin Preuscamp(M.E) 20 Bis, 7822 Ath
Air transport
since 20042.233.255.051
VADIGRAN
Vondelstraat 32, 1750 LennikWholesale of agricultural produce and animal feed, general range
since 20212.318.512.410
3 parcels
Flanders 2 (66.7%) Wallonia 1 (33.3%)
Parcel (capakey) Region Area Buildings Height / fl.
23072E0102/00F007 Flanders 2,629 m² 1 · 1,535 m² 19.5 m · 2 fl.
23072E0102/00B007 Flanders 2,595 m² 1 · 2,028 m² 30.1 m · 3 fl.
51042B0617/00L000 Wallonia 834 m² 1 · 206 m² -
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

4 people since 2026, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
SAMUEL KOENRAAD VAN LATHEM
  • Non-statutory director, from 08-05-2026 to date
YANA ALEXANDRA VAN LATHEM
  • Non-statutory director, from 08-05-2026 to date
ANTOON THEODOOR VAN LATHEM
  • Non-statutory director, until 08-05-2026
MARLEEN ERICA VAN DIEST
  • Non-statutory director, until 08-05-2026
See the board, name and seat on a given date →

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. VALADIS 100%
  2. VADIGRAN

Highest known parent: VALADIS. The sources do not say who stands above it.

Owners 1

Holdings 1

  • Vadigran FranceFRsubsidiary
    Equity -€523,279Result €33,084
    100%

According to the 2025 annual accounts of VADIGRAN 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

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 8 entries · 52,247 EUR awarded · 52,148 EUR paid
Year Entries awardedpaid
2025 2 4,919 EUR4,919 EUR
2024 1 5,000 EUR5,000 EUR
2023 3 20,021 EUR19,922 EUR
2022 2 22,307 EUR22,307 EUR
Schemes
2 entries · 34,229 EUR · 34,229 EUR paid · Departement Werk en Sociale Economie
2 entries · 10,000 EUR · 10,000 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen
1 entry · 4,767 EUR · 4,767 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
1 entry · 3,000 EUR · 3,000 EUR paid · Departement Mobiliteit en Openbare Werken
2 entries · 251 EUR · 152 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Ath2.233.255.051
2 permissions
Toelating · Groothandelaar mengvoeders · since 04-12-2017
Groothandelaar grondstoffen · since 01-06-2017

Legal Entity Identifier

549300QLEXV8BID52X24
live in the LEI register

Similar companies · same sector, comparable size

Of 689 companies in sector 46216 we hold annual accounts for 476. 366 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded02-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46382Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID 0208:0431312379
Registered 14-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.