Active BE 0644.391.190Private limited company

VADITECH

Essensteenweg (Nm) 94 ·2920 Kalmthout, Belgium· 10 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

VADITECH is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €549k and a net result of €87k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 5394 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€549k
Net result	€87k
Better than sector	22%
Active	10 yrs

Financial profile 4 of 5 axes measured · computed by Checked

68 / 100

Strong profile, led by stability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 80

Solvency 15

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2015, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview10 NBB filings

Annual accounts filed on 18-02-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~12.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.7%	51.9%	better than 22% of 5394 sector peers
Net result	€87k	€53k	better than 60% of 5395 sector peers
Equity	€549k	€623k	better than 47% of 5395 sector peers
Gross operating margin	€138k	€87k	better than 63% of 5391 sector peers
Total assets	€2.65M	€1.55M	better than 65% of 5395 sector peers

Net profit

€87k

+18.1% 21-25

Total assets

€2.65M

+62.7% 21-25

Equity

€549k

+19.0% 21-25

Income taxes

€9k

+19.5% 21-25

Debt

€2.10M

+80.0% 21-25

Debt ≤ 1y

€330k

+61.3% 21-25

Debt > 1y

€1.77M

+84.0% 21-25

Solvency

20.7%

-26.9% 21-25

ROE

15.9%

-0.7% 21-25

ROA

3.3%

-27.4% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€87k	€74k	€67k	€69k	€49k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€9k	€8k	€7k	€7k	€5k
Dividends	-	-	-	-	-
Total assets	€2.65M	€1.63M	€1.63M	€1.67M	€1.72M
Equity	€549k	€461k	€387k	€320k	€251k
Debt	€2.10M	€1.17M	€1.24M	€1.35M	€1.47M
of which ≤ 1y	€330k	€205k	€201k	€205k	€200k
of which > 1y	€1.77M	€964k	€1.04M	€1.15M	€1.27M
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	20.7%	28.3%	23.8%	19.1%	14.6%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	3.3%	4.5%	4.1%	4.1%	2.8%
ROE	15.9%	16.1%	17.4%	21.6%	19.4%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €2.61M · 98.3% Current assets €46k · 1.7%

Equity & liabilities

Equity €549k · 20.7% Debt €2.10M · 79.3%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.65M	€1.63M	€1.63M	€1.67M	€1.72M
Fixed assets	21/28	€2.61M	€1.59M	€1.59M	€1.64M	€1.69M
Tangible fixed assets	22/27	€2.25M	€1.23M	€1.23M	€1.28M	€1.33M
Financial fixed assets	28	€357k	€357k	€357k	€357k	€357k
Current assets	29/58	€46k	€42k	€41k	€34k	€32k
Cash & bank	54/58	€41k	€42k	€41k	€34k	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.65M	€1.63M	€1.63M	€1.67M	€1.72M
Equity	10/15	€549k	€461k	€387k	€320k	€251k
Contributions / capital	10/11	€25k	€25k	€25k	€25k	-
Reserves	13	€524k	€436k	€362k	€295k	€226k
Amounts payable	17/49	€2.10M	€1.17M	€1.24M	€1.35M	€1.47M
Amounts payable after one year	17	€1.77M	€964k	€1.04M	€1.15M	€1.27M
Amounts payable within one year	42/48	€330k	€205k	€201k	€205k	€200k
Trade debts payable within one year	44	€23k	€521	€4k	€4k	€29k
Income statement
Gross operating margin	9900	€138k	€111k	€119k	€111k	€89k
Operating result	9901	€75k	€54k	€69k	€61k	€42k
Financial income	75	€82k	€82k	€32k	€35k	€35k
Financial charges	65	€61k	€55k	€30k	€20k	€24k
Result before taxes	9903	€97k	€82k	€74k	€76k	€54k
Income taxes	67/77	€9k	€8k	€7k	€7k	€5k
Net result for the period	9904	€87k	€74k	€67k	€69k	€49k
Result to be appropriated	9905	€87k	€74k	€67k	€69k	€49k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	10-12-2015
Status	Active
Postal code	2920

Establishment units 1 location

Vaditech

Essensteenweg (Nm) 94, 2920 KalmthoutHoldings

since 20162.250.975.466

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11662C0201/00K005	Flanders	5,213 m²	1 · 1,252 m²	6.6 m · 2 fl.

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.

Updates 10 events

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-02

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2021net €87k ▲18.1%

Operating result €75k, net result €87k, both a record.

31-12

Financial Equity above €500kEq €549k ▲19%

5 profitable years in a row build equity to €549k.

05-03

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

16-02

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

16-02

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

17-02

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

19-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

07-04

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

20-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

27-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 27 days late

2017

29-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL	VADITECH
Trade nameNL	VADITECH

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