VADS
Annual accounts 2026
micro format, filed on 30-10-2026, 31 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €130,000 and €280,000.
Balance sheet
balance sheet total €140,008 on 30-04-2026in euro
in euro
Position in the sector
33.5%
Higher than 40% of 35,119 companies in 2025.
1.50
Higher than 44% of 34,493 companies in 2025.
18.8%
Higher than 66% of 34,694 companies in 2025.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
140,008 | 54,707 | 30,909 | |
29/58 |
140,008 | 54,707 | 30,909 | |
40/41 |
79,338 | 17,135 | 26,558 | |
40 |
73,514 | 13,512 | 26,148 | |
41 |
5,823 | 3,624 | 410 | |
54/58 |
59,681 | 37,419 | 4,351 | |
490/1 |
989 | 152 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
140,008 | 54,707 | 30,909 | |
10/15 |
46,924 | 20,594 | 13,227 | |
10/11 |
1,750 | 1,750 | 1,750 | |
14 |
45,174 | 18,844 | 11,477 | |
17/49 |
93,084 | 34,113 | 17,682 | |
42/48 |
93,084 | 34,113 | 17,682 | |
44 |
85,930 | 31,568 | 14,811 | |
440/4 |
85,930 | 31,568 | 14,811 | |
45 |
7,154 | 2,545 | 2,871 | |
450/3 |
7,154 | 2,545 | 2,871 | |
| Income statement | ||||
9900 |
38,940 | 12,780 | 14,496 | |
640/8 |
2,413 | 1,060 | - | |
66A |
- | 28 | - | |
9901 |
36,527 | 11,692 | 14,496 | |
75/76B |
48 | 337 | - | |
75 |
48 | 337 | - | |
65/66B |
3,090 | 2,117 | 149 | |
65 |
3,090 | 2,117 | 149 | |
9903 |
33,484 | 9,912 | 14,348 | |
67/77 |
7,154 | 2,545 | 2,871 | |
9904 |
26,330 | 7,367 | 11,477 | |
9905 |
26,330 | 7,367 | 11,477 | |
| Appropriation of the result | ||||
9906 |
45,174 | 18,844 | 11,477 | |
14P |
18,844 | 11,477 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 30-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| 22,262 | 33,069 | - | ||
| 46,924 | 20,594 | 13,227 | ||
| 33.5% | 37.6% | 42.8% | ||
| 1.50 | 1.60 | 1.75 | ||
| 1.98 | 1.66 | 1.34 | ||
| 56.1% | 35.8% | 86.8% | ||
| 18.8% | 13.5% | 37.1% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on VADS
The operating result for 2026 is over 3.1 times that of 2025 and the highest since 2024. It is a recovery after the fall in 2025.
Debt's share of the balance-sheet total rises from 62.4% to 66.5%. Equity and debt are higher.