VADOYA
ActiveSummary
VADOYA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €610k and a net result of €79k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 78% of 2095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-5
Solvency92▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 3.43 in 2023; short-term debt: 20.7% and cash: 37.1% of total assets), and 33.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
66.5%
Return on assets
8.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
30 d late
2021
35 d early
2020
33 d early
2019
26 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, abbreviated schema
Equity
€610k▼ 8.4%
2023 · €666k
Total assets
€917k▼ 9.4%
2023 · €1.01M
Net result
€79k▼ 34.0%
2023 · €119k
Working capital
€336k▼ 26.0%
2023 · €454k
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
Line20202021202220232024
Operating result€233k▲ 10.7%€142k▼ 38.8%€243k▲ 70.4%€191k▼ 21.2%€125k▼ 34.8%
Net result€137k▲ 1.5%€86k▼ 37.7%€151k▲ 75.7%€119k▼ 20.7%€79k▼ 34.0%
Equity€586k▼ 5.0%€590k▲ 0.7%€657k▲ 11.3%€666k▲ 1.4%€610k▼ 8.4%
Total assets€1.13M▲ 2.2%€1.02M▼ 9.7%€1.03M▲ 1.3%€1.01M▼ 1.7%€917k▼ 9.4%
Debt€540k▲ 11.5%€426k▼ 21.0%€373k▼ 12.5%€346k▼ 7.3%€307k▼ 11.2%
Working capital€409k▼ 16.4%€409k▼ 0.1%€462k▲ 13.0%€454k▼ 1.7%€336k▼ 26.0%
Staff (FTE)0.3
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 35% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €917k
Fixed assets
€391k ▲ 5.4%
Current assets
€526k ▼ 17.9%
Equity and liabilities €917k
Equity
€610k ▼ 8.4%
Debt
€307k ▼ 11.2%
Debt's share of the balance-sheet total falls from 34.2% to 33.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€192k▼
2023 · €247k
Cash flow
€146k▼
2023 · €176k
Current ratio
2.77▼
2023 · 3.43
Quick ratio
2.45▼
2023 · 3.00
Debt to equity
0.50▼
2023 · 0.52
ROE
12.9%▼
2023 · 17.9%
ROA
8.6%▼
2023 · 11.8%
Interest coverage
10.21▼
2023 · 11.46
Debt ≤ 1 year
€190k▲
2023 · €187k
Debt > 1 year
€117k▼
2023 · €159k
Income taxes
€30k▼
2023 · €50k
Staff costs
€16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €16k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €57k | €55k | €56k | €68k | ▲ 20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €950 | - |
| Other operating charges640/8 | - | €5k | €5k | €6k | €6k | ▲ 10.4% |
| Gross operating margin9900 | €293k | €204k | €303k | €253k | €215k | ▼ 14.9% |
| Operating profit (loss)9901 | €233k | €142k | €243k | €191k | €125k | ▼ 34.8% |
| Financial income75/76B | - | €40 | €135 | €240 | €3k | ▲ 1,288% |
| Recurring financial income75 | €1k | €40 | €135 | €240 | €3k | ▲ 1,288% |
| Financial charges65/66B | - | €22k | €27k | €22k | €19k | ▼ 12.7% |
| Recurring financial charges65 | €25k | €22k | €27k | €22k | €19k | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | €211k | €121k | €216k | €170k | €109k | ▼ 35.7% |
| Income taxes67/77 | €74k | €35k | €65k | €50k | €30k | ▼ 39.7% |
| Profit (loss) for the period9904 | €137k | €86k | €151k | €119k | €79k | ▼ 34.0% |
| Profit (loss) for the period to be appropriated9905 | €144k | €86k | €151k | €119k | €79k | ▼ 34.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.13M | €1.02M | €1.03M | €1.01M | €917k | ▼ 9.4% |
| Fixed assets21/28 | €483k | €436k | €397k | €371k | €391k | ▲ 5.4% |
| Tangible fixed assets22/27 | €483k | €436k | €397k | €371k | €391k | ▲ 5.4% |
| Land and buildings22 | - | €288k | €271k | €253k | €245k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €11k | €21k | €43k | €39k | ▼ 7.7% |
| Furniture and vehicles24 | - | €134k | €104k | €75k | €107k | ▲ 42.8% |
| Other tangible fixed assets26 | - | €2k | €176 | - | - | - |
| Current assets29/58 | €643k | €581k | €633k | €641k | €526k | ▼ 17.9% |
| Stocks and contracts in progress3 | €19k | €54k | €65k | €80k | €60k | ▼ 24.5% |
| Stocks30/36 | - | €12k | €49k | €40k | €36k | ▼ 8.8% |
| Contracts in progress37 | - | €42k | €16k | €40k | €24k | ▼ 40.0% |
| Amounts receivable within one year40/41 | €93k | €98k | €32k | €54k | €112k | ▲ 107% |
| Trade receivables40 | - | €52k | - | €3k | €61k | ▲ 1,687% |
| Other amounts receivable41 | - | €46k | €32k | €51k | €51k | ▲ 0.4% |
| Cash at bank and in hand54/58 | €527k | €429k | €527k | €507k | €340k | ▼ 32.9% |
| Deferred charges and accrued income490/1 | - | €150 | €9k | €630 | €14k | ▲ 2,067% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.13M | €1.02M | €1.03M | €1.01M | €917k | ▼ 9.4% |
| Equity10/15 | €586k | €590k | €657k | €666k | €610k | ▼ 8.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €556k | €560k | €625k | €634k | €577k | ▼ 8.9% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €559k | €625k | €634k | €577k | ▼ 8.9% |
| Profit (loss) carried forward14 | €24k | €24k | €26k | €26k | €27k | ▲ 1.1% |
| Amounts payable17/49 | €540k | €426k | €373k | €346k | €307k | ▼ 11.2% |
| Amounts payable after more than one year17 | €306k | €254k | €202k | €159k | €117k | ▼ 26.5% |
| Financial debts170/4 | - | €254k | €202k | €159k | €117k | ▼ 26.5% |
| Amounts payable within one year42/48 | €234k | €172k | €171k | €187k | €190k | ▲ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €51k | €52k | €43k | €42k | ▼ 3.1% |
| Trade debts44 | €11k | €38k | €35k | €33k | €11k | ▼ 67.4% |
| Suppliers440/4 | - | €38k | €35k | €33k | €11k | ▼ 67.4% |
| Taxes, remuneration and social security45 | - | €189 | €249 | €79 | €923 | ▲ 1,063% |
| Taxes450/3 | - | €189 | €249 | €79 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €923 | - |
| Other amounts payable47/48 | - | €83k | €84k | €110k | €137k | ▲ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137k | €86k | €151k | €119k | €79k | ▼ 34.0% |
| + Depreciation and write-downs630 | €55k | €57k | €55k | €56k | €68k | ▲ 20.4% |
| Operating cash flow (approximation) | €192k | €142k | €205k | €176k | €146k | ▼ 16.6% |
| Investment in fixed assets (approximation) | - | €-10k | €-16k | €-30k | €-88k | ▼ 190% |
| Change in cash | - | €-98k | €97k | €-20k | €-167k | ▼ 721% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €79k ▼34%
Net result drops to €79k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €151k ▲75.7%
Operating result €243k, net result €151k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
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.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are 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, Wingene · 1 establishment unit since 1999
Ground area
898 m²
Building footprint
107 m²
Volume, LiDAR
529 m³
Parcel 37018B0573/00E000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lavoordestraat 14, 8750 Wingene
since 19992.091.086.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018B0573/00E000 | Flanders | 898 m² | 1 · 107 m² | 7.2 m · 2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 8,426 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.