Vadrilo
ActiveSummary
Vadrilo has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €387,248 and a net result of €9,725. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 3542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70=
Solvency79▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.72 in 2023; short-term debt: 11.2% and cash: 6.3% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€387,248▲ 2.6%
2023 · €377,522
Total assets
€723,467▼ 12.0%
2023 · €822,452
Net result
€9,725▼ 0.7%
2023 · €9,799
Working capital
-€29,672▲ 31.7%
2023 · -€43,470
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-€31,916€21,720€18,989▼ 12.6%€12,933▼ 31.9%€12,463▼ 3.6%
Net result-€36,080€17,894€15,523▼ 13.2%€9,799▼ 36.9%€9,725▼ 0.7%
Equity€330,850▼ 9.8%€345,286▲ 4.4%€367,723▲ 6.5%€377,522▲ 2.7%€387,248▲ 2.6%
Total assets€902,213▲ 128%€848,915▼ 5.9%€831,804▼ 2.0%€822,452▼ 1.1%€723,467▼ 12.0%
Debt€549,034▲ 12,706%€478,953▼ 12.8%€447,429▼ 6.6%€429,389▼ 4.0%€321,788▼ 25.1%
Working capital-€72,398-€76,669▼ 5.9%-€57,747▲ 24.7%-€43,470▲ 24.7%-€29,672▲ 31.7%
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 three years in a row; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €723,467
Fixed assets
€671,779 ▼ 5.3%
Current assets
€51,687 ▼ 54.2%
Equity and liabilities €723,467
Equity
€387,248 ▲ 2.6%
Provisions
€14,431 ▼ 7.1%
Debt
€321,788 ▼ 25.1%
Debt's share of the balance-sheet total falls from 52.2% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,365▼
2023 · €50,835
Cash flow
€47,628▼
2023 · €47,701
Current ratio
0.64▼
2023 · 0.72
Debt to equity
0.83▼
2023 · 1.14
ROE
2.5%▼
2023 · 2.6%
ROA
1.3%▲
2023 · 1.2%
Interest coverage
13.09▲
2023 · 11.98
Debt ≤ 1 year
€81,359▼
2023 · €156,241
Debt > 1 year
€237,828▼
2023 · €270,548
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,462 | €35,883 | €37,855 | €37,903 | €37,903 | = |
| Other operating charges640/8 | - | €6,689 | €8,850 | €10,872 | €15,748 | ▲ 44.8% |
| Gross operating margin9900 | -€1,240 | €64,293 | €65,694 | €61,708 | €66,114 | ▲ 7.1% |
| Operating profit (loss)9901 | -€31,916 | €21,720 | €18,989 | €12,933 | €12,463 | ▼ 3.6% |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Financial charges65/66B | - | €4,937 | €4,577 | €4,244 | €3,847 | ▼ 9.3% |
| Recurring financial charges65 | €5,483 | €4,937 | €4,577 | €4,244 | €3,847 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | -€37,393 | €16,783 | €14,413 | €8,689 | €8,615 | ▼ 0.8% |
| Transfer from deferred taxes780 | - | €1,110 | €1,110 | €1,110 | €1,110 | = |
| Profit (loss) for the period9904 | -€36,080 | €17,894 | €15,523 | €9,799 | €9,725 | ▼ 0.7% |
| Transfer from tax-exempt reserves789 | - | €3,330 | €3,330 | €3,330 | €3,330 | = |
| Profit (loss) for the period to be appropriated9905 | -€32,953 | €21,224 | €18,853 | €13,129 | €13,056 | ▼ 0.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €902,213 | €848,915 | €831,804 | €822,452 | €723,467 | ▼ 12.0% |
| Fixed assets21/28 | €791,882 | €784,008 | €747,585 | €709,682 | €671,779 | ▼ 5.3% |
| Tangible fixed assets22/27 | €791,882 | €784,008 | €747,585 | €709,682 | €671,779 | ▼ 5.3% |
| Land and buildings22 | - | €205,281 | €199,104 | €192,926 | €671,271 | ▲ 248% |
| Plant, machinery and equipment23 | - | €808 | €708 | €608 | €508 | ▼ 16.4% |
| Assets under construction and advance payments27 | - | €577,919 | €547,773 | €516,147 | - | - |
| Current assets29/58 | €110,331 | €64,907 | €84,220 | €112,770 | €51,687 | ▼ 54.2% |
| Amounts receivable within one year40/41 | €32,839 | €28,733 | €16,594 | €8,862 | €6,094 | ▼ 31.2% |
| Trade receivables40 | - | €5,733 | - | €3,146 | €6,094 | ▲ 93.7% |
| Other amounts receivable41 | - | €23,000 | €16,594 | €5,716 | - | - |
| Cash at bank and in hand54/58 | €77,492 | €36,174 | €64,633 | €100,916 | €45,594 | ▼ 54.8% |
| Deferred charges and accrued income490/1 | - | - | €2,992 | €2,992 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €902,213 | €848,915 | €831,804 | €822,452 | €723,467 | ▼ 12.0% |
| Equity10/15 | €330,850 | €345,286 | €367,723 | €377,522 | €387,248 | ▲ 2.6% |
| Contributions10/11 | - | €20,452 | €20,452 | €20,452 | €20,452 | = |
| Reserves13 | €310,398 | €324,834 | €347,272 | €357,070 | €366,796 | ▲ 2.7% |
| Non-distributable reserves130/1 | - | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Reserves not available under the articles1311 | - | €6,817 | €6,817 | €6,817 | €6,817 | = |
| Tax-exempt reserves132 | - | €46,370 | €49,954 | €46,624 | €43,294 | ▼ 7.1% |
| Distributable reserves133 | - | €271,647 | €290,500 | €303,629 | €316,685 | ▲ 4.3% |
| Provisions and deferred taxes16 | €22,329 | €24,676 | €16,651 | €15,541 | €14,431 | ▼ 7.1% |
| Deferred taxes168 | - | €24,676 | €16,651 | €15,541 | €14,431 | ▼ 7.1% |
| Amounts payable17/49 | €549,034 | €478,953 | €447,429 | €429,389 | €321,788 | ▼ 25.1% |
| Amounts payable after more than one year17 | €366,295 | €334,776 | €302,862 | €270,548 | €237,828 | ▼ 12.1% |
| Financial debts170/4 | - | €334,776 | €302,862 | €270,548 | €237,828 | ▼ 12.1% |
| Amounts payable within one year42/48 | €182,729 | €141,576 | €141,967 | €156,241 | €81,359 | ▼ 47.9% |
| Current portion of amounts payable after more than one year42 | - | €31,519 | €31,914 | €32,314 | €32,720 | ▲ 1.3% |
| Trade debts44 | €39,620 | €57 | €53 | €1,659 | - | - |
| Suppliers440/4 | - | €57 | €53 | €1,659 | - | - |
| Other amounts payable47/48 | - | €110,000 | €110,000 | €122,267 | €48,640 | ▼ 60.2% |
| Accrued charges and deferred income492/3 | - | €2,600 | €2,600 | €2,600 | €2,600 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,080 | €17,894 | €15,523 | €9,799 | €9,725 | ▼ 0.7% |
| + Depreciation and write-downs630 | €23,462 | €35,883 | €37,855 | €37,903 | €37,903 | = |
| Operating cash flow (approximation) | -€12,618 | €53,777 | €53,377 | €47,701 | €47,628 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€28,009 | -€1,432 | €0 | €0 | - |
| Change in cash | - | -€41,317 | €28,459 | €36,283 | -€55,322 | ▼ 252% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €17,894
Net result €17,894 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€36,080
Net result drops to -€36,080, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Highest result since 2018net €19,251 ▲266%
Net result €19,251, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 41.92
Current ratio from 5.78 to 41.92; short-term debt falls from €28,022 to €4,287.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Zele · 1 establishment unit since 1990
Ground area
3,348 m²
Building footprint
2,332 m²
Volume, LiDAR
10,331 m³
Parcel 42028B0793/00B003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VADRILO
since 19902.050.796.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028B0793/00B003 | Flanders | 3,348 m² | 1 · 2,332 m² | 9.0 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.
Similar companies · same sector, comparable size
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GARAGE COENE TONY
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,961. 2,177 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
Founded27-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.