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VADJERU

Active
Private limited companyfounded 20232 yrs activeHermelijnlaan 45, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 1002.157.973
Summary

The computed 12-month bankruptcy probability of VADJERU is 3.8% (moderate). The 2025 annual accounts show equity of €175,372 and a net result of €98,065. Equity is growing by ~111.8% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record82
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Liquidity ample (current ratio 16.85 against 6.81 in 2024; short-term debt: 5.4% and cash: 35.9% of total assets), and 5.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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
94.6%
Return on assets
52.9%
Age of the figures
9 mo
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 05-07-2026, 26 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
26 d early
2024
66 d early
2023
119 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 70 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 May (3 of the last 3 filed years within 52 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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

VADJERU was incorporated on 10 November 2023 as a Private limited company.1 Total assets rose from EUR 8,346 in 2023 to EUR 185,433 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€175,372▲ 127%
2024 · €77,306
Total assets
€185,433▲ 108%
2024 · €89,101
Net result
€98,065▲ 31.1%
2024 · €74,776
Working capital
€159,446▲ 133%
2024 · €68,574
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
Line202320242025
Operating result€3,179-€94,805▲ 2,882%€123,959▲ 30.8%
Net result€2,529-€74,776▲ 2,857%€98,065▲ 31.1%
Equity€2,530-€77,306▲ 2,955%€175,372▲ 127%
Total assets€8,346-€89,101▲ 968%€185,433▲ 108%
Debt€5,816-€11,795▲ 103%€10,061▼ 14.7%
Working capital-€142-€68,574€159,446▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2023: €3,179€3,179Net result 2023: €2,529€2,529Operating result 2024: €94,805€94,805Net result 2024: €74,776€74,776Operating result 2025: €123,959€123,959Net result 2025: €98,065€98,065202320242025€0€50,000€100,000Operating result 2023: €3,179€3,180Net result 2023: €2,529€2,530Operating result 2024: €94,805€94,800Net result 2024: €74,776€74,800Operating result 2025: €123,959€124,000Net result 2025: €98,065€98,100202320242025
The operating result has risen two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,433
Fixed assets €15,926 ▲ 82.4%
Current assets €169,507 ▲ 111%
Equity and liabilities €185,433
Equity €175,372 ▲ 127%
Debt €10,061 ▼ 14.7%
Debt's share of the balance-sheet total falls from 13.2% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€127,934▲
2024 · €98,138
Cash flow
€102,041▲
2024 · €78,109
Current ratio
16.85▲
2024 · 6.81
Debt to equity
0.06▼
2024 · 0.15
ROE
55.9%▼
2024 · 96.7%
ROA
52.9%▼
2024 · 83.9%
Interest coverage
1705.79▲
2024 · 683.03
Debt ≤ 1 year
€10,061▼
2024 · €11,795
Income taxes
€27,200▲
2024 · €20,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 39,278 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 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€89,101€185,433▲
Fixed assets21/28€8,732€15,926▲
Tangible fixed assets22/27€8,732€15,926▲
Plant, machinery and equipment23€5,848€14,156▲
Furniture and vehicles24€2,884€1,769▼
Current assets29/58€80,369€169,507▲
Amounts receivable after more than one year29€30,000€72,500▲
Other amounts receivable291€30,000€72,500▲
Amounts receivable within one year40/41€7,425€7,772▲
Trade receivables40€7,425€7,772▲
Cash at bank and in hand54/58€22,091€66,515▲
Deferred charges and accrued income490/1€20,853€22,720▲
Equity and liabilities
Total equity and liabilities10/49€89,101€185,433▲
Equity10/15€77,306€175,372▲
Contributions10/11€1€1=
Profit (loss) carried forward14€77,305€175,371▲
Amounts payable17/49€11,795€10,061▼
Amounts payable within one year42/48€11,795€10,061▼
Trade debts44€3,551€4,190▲
Suppliers440/4€3,551€4,190▲
Taxes, remuneration and social security45-€1,200
Taxes450/3-€1,200
Other amounts payable47/48€8,244€4,671▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,333€3,976▲
Other operating charges640/8€423€252▼
Gross operating margin9900€98,561€128,186▲
Operating profit (loss)9901€94,805€123,959▲
Financial income75/76B€128€1,382▲
Recurring financial income75€128€1,382▲
Financial charges65/66B€144€75▼
Recurring financial charges65€144€75▼
Profit (loss) for the period before taxes9903€94,789€125,265▲
Income taxes67/77€20,013€27,200▲
Profit (loss) for the period9904€74,776€98,065▲
Profit (loss) for the period to be appropriated9905€74,776€98,065▲
Appropriation of the result
Profit (loss) to be appropriated9906€77,305€175,371▲
Profit (loss) brought forward from the previous period14P€2,529€77,305▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€353€3,333€3,976▲ 19.3%
Other operating charges640/8€101€423€252▼ 40.4%
Gross operating margin9900€3,633€98,561€128,186▲ 30.1%
Operating profit (loss)9901€3,179€94,805€123,959▲ 30.8%
Financial income75/76B-€128€1,382▲ 979%
Recurring financial income75-€128€1,382▲ 979%
Financial charges65/66B-€144€75▼ 47.8%
Recurring financial charges65-€144€75▼ 47.8%
Profit (loss) for the period before taxes9903€3,179€94,789€125,265▲ 32.2%
Income taxes67/77€650€20,013€27,200▲ 35.9%
Profit (loss) for the period9904€2,529€74,776€98,065▲ 31.1%
Profit (loss) for the period to be appropriated9905€2,529€74,776€98,065▲ 31.1%
Line202320242025Change
Assets
Total assets20/58€8,346€89,101€185,433▲ 108%
Formation expenses20€2,672---
Fixed assets21/28-€8,732€15,926▲ 82.4%
Tangible fixed assets22/27-€8,732€15,926▲ 82.4%
Plant, machinery and equipment23-€5,848€14,156▲ 142%
Furniture and vehicles24-€2,884€1,769▼ 38.6%
Current assets29/58€5,674€80,369€169,507▲ 111%
Amounts receivable after more than one year29-€30,000€72,500▲ 142%
Other amounts receivable291-€30,000€72,500▲ 142%
Amounts receivable within one year40/41-€7,425€7,772▲ 4.7%
Trade receivables40-€7,425€7,772▲ 4.7%
Cash at bank and in hand54/58-€22,091€66,515▲ 201%
Deferred charges and accrued income490/1€5,674€20,853€22,720▲ 9.0%
Equity and liabilities
Total equity and liabilities10/49€8,346€89,101€185,433▲ 108%
Equity10/15€2,530€77,306€175,372▲ 127%
Contributions10/11€1€1€1=
Profit (loss) carried forward14€2,529€77,305€175,371▲ 127%
Amounts payable17/49€5,816€11,795€10,061▼ 14.7%
Amounts payable within one year42/48€5,816€11,795€10,061▼ 14.7%
Trade debts44-€3,551€4,190▲ 18.0%
Suppliers440/4-€3,551€4,190▲ 18.0%
Taxes, remuneration and social security45€650-€1,200-
Taxes450/3€650-€1,200-
Other amounts payable47/48€5,166€8,244€4,671▼ 43.3%
Line202320242025Change
Profit (loss) for the period9904€2,529€74,776€98,065▲ 31.1%
+ Depreciation and write-downs630€353€3,333€3,976▲ 19.3%
Operating cash flow (approximation)€2,882€78,109€102,041▲ 30.6%
Investment in fixed assets (approximation)---€11,169-
Change in cash--€44,424-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €98,065 ▲31.1%
Operating result €123,959, net result €98,065, both a record.
31-12
Financial Liquidity doublescurrent ratio 16.85
Current ratio from 6.81 to 16.85; short-term debt falls from €11,795 to €10,061.
31-12
Financial Equity above €150,000Eq €175,372 ▲127%
3 profitable years in a row build equity to €175,372.
26-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity times 7current ratio 6.81
Current ratio from 0.98 to 6.81.
03-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
193 m²
Building footprint
78 m²
Volume, LiDAR
727 m³
Parcel 21652E0062/00P003, Brussels · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
VADJERU
Hermelijnlaan 45, 1170 Watermaal-BosvoordeSpecialist medical practice
since 20232.353.040.450
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0062/00P003 Brussels 193 m² 1 · 78 m² 13.0 m · 4 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-11-2023
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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Register as of 29 September 2026 · Peppol Directory

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