VADOS
ActiveVADOS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €695k and a net result of €48k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-3
Solvency77=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.7 in 2024; short-term debt: 47.8% and cash: 35.2% of total assets), and 47.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.2%
Return on assets
3.6%
Age of the figures
13 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 28-02-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
7 d early
2023
6 d early
2022
3 d early
2021
8 d early
2020
1 d early
2018
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close20-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€695k▲ 7.2%
2024 · €648k
2018: €509k
2020: €474k
2021: €513k
2022: €596k
2023: €600k
2024: €648k
2018 → 2025
Total assets
€1.33M▲ 6.6%
2024 · €1.25M
2018: €526k
2020: €1.03M
2021: €1.06M
2022: €1.15M
2023: €1.16M
2024: €1.25M
2018 → 2025
Net result
€48k▼ 2.6%
2024 · €50k
2018: €63k
2020: €-36k
2021: €41k
2022: €85k
2023: €6k
2024: €50k
2018 → 2025
Working capital
€-88k▲ 51.4%
2024 · €-182k
2018: €316k
2020: €-542k
2021: €-467k
2022: €-336k
2023: €-278k
2024: €-182k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€513k-€596k▲ 16.3%€600k▲ 0.7%€648k▲ 8.0%€695k▲ 7.2%
Operating result€42k-€102k▲ 141%€58k▼ 43.2%€83k▲ 42.6%€90k▲ 9.6%
Net result€41k-€85k▲ 108%€6k▼ 93.2%€50k▲ 762%€48k▼ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€783k▼ 5.6%
Current assets
€548k▲ 30.8%
Equity and liabilities €1.33M
Equity
€695k▲ 7.2%
Debt
€636k▲ 5.9%
The debt ratio falls from 48.1% to 47.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€139k▲
2024 · €130k
Cash flow
€96k▼
2024 · €97k
Solvency
52.2%▲
2024 · 51.9%
Current ratio
0.86▲
2024 · 0.70
Quick ratio
0.86▲
2024 · 0.70
Debt / equity
0.91▼
2024 · 0.93
ROE
6.9%▼
2024 · 7.6%
ROA
3.6%▼
2024 · 4.0%
Interest coverage
3.94▼
2024 · 4.26
Debt
€636k▲
2024 · €600k
Debt ≤ 1 year
€636k▲
2024 · €600k
Income taxes
€20k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.33M▲
Fixed assets21/28€830k€783k▼
Tangible fixed assets22/27€681k€635k▼
Land and buildings22€681k€633k▼
Plant, machinery and equipment23-€1k
Financial fixed assets28€149k€149k=
Current assets29/58€419k€548k▲
Amounts receivable within one year40/41€66k€79k▲
Trade receivables40€61k€79k▲
Other amounts receivable41€5k€149▼
Cash at bank and in hand54/58€353k€469k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.33M▲
Equity10/15€648k€695k▲
Contributions10/11€19k€19k=
Reserves13€630k€677k▲
Tax-exempt reserves132€9k€9k=
Distributable reserves133€621k€668k▲
Amounts payable17/49€600k€636k▲
Amounts payable within one year42/48€600k€636k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€10k€37k▲
Taxes450/3€10k€37k▲
Other amounts payable47/48€588k€599k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€134k€143k▲
Operating profit (loss)9901€83k€90k▲
Financial income75/76B€8k€13k▲
Recurring financial income75€8k€13k▲
Financial charges65/66B€31k€35k▲
Recurring financial charges65€31k€35k▲
Profit (loss) for the period before taxes9903€60k€69k▲
Income taxes67/77€11k€20k▲
Profit (loss) for the period9904€50k€48k▼
Profit (loss) for the period to be appropriated9905€50k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€48k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€48k€48k▲
To other reserves6921€48k€48k▲
Profit to be distributed694/7€1k€2k▲
Return on contributions (dividend)694€1k€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
Financial
Highest result since 2018net €85k ▲108%
Operating result €102k, net result €85k, both a record.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-08
Financial
Equity above €500kEq €513k ▲8.3%
Equity rises from €474k to €513k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Weakest financial yearnet €-36k ▼157%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pladutse 79700 OudenaardeGround area
4,938 m²
Building footprint
1,124 m²
Volume, LiDAR
8,631 m³
Parcel 45023B0370/00B000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VADOS BVBA
since 20002.097.261.546
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023B0370/00B000 | Flanders | 4,938 m² | 1 · 1,124 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 6,156 companies in sector 46190 we hold annual accounts for 2,571. 1,379 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-03-2000
Fiscal year end31-08
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.