VANADAE
ActiveVANADAE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286k and a net result of €445k. Equity is growing by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 3603 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
81
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency62▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.36 in 2024), and 66.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
33.6%
Return on assets
52.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
2024
211 d late
2023
14 d early
2022
41 d early
2021
18 d late
2020
39 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€286k▲ 32.1%
2024 · €217k
2018: €12k
2019: €22k
2020: €20k
2021: €58k
2022: €90k
2023: €130k
2024: €217k
2018 → 2025
Total assets
€853k▲ 22.1%
2024 · €699k
2018: €343k
2019: €384k
2020: €82k
2021: €223k
2022: €497k
2023: €524k
2024: €699k
2018 → 2025
Net result
€445k▼ 3.8%
2024 · €462k
2018: €186k
2019: €161k
2020: €-2k
2021: €162k
2022: €333k
2023: €339k
2024: €462k
2018 → 2025
Working capital
€247k▲ 40.8%
2024 · €176k
2018: €-6k
2019: €9k
2020: €-4k
2021: €36k
2022: €61k
2023: €94k
2024: €176k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€90k▲ 57.1%€130k▲ 43.3%€217k▲ 67.1%€286k▲ 32.1%
Operating result€164k-€346k▲ 111%€359k▲ 3.7%€486k▲ 35.3%€479k▼ 1.4%
Net result€162k-€333k▲ 105%€339k▲ 1.9%€462k▲ 36.2%€445k▼ 3.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853k
Fixed assets
€39k▼ 5.0%
Current assets
€814k▲ 23.8%
Equity and liabilities €853k
Equity
€286k▲ 32.1%
Debt
€567k▲ 17.6%
The debt ratio falls from 69.0% to 66.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€482k▼
2024 · €489k
Cash flow
€448k▼
2024 · €465k
Solvency
33.6%▲
2024 · 31.0%
Current ratio
1.44▲
2024 · 1.36
Quick ratio
1.43▲
2024 · 1.36
Debt / equity
1.98▼
2024 · 2.23
ROE
155.3%▼
2024 · 213.2%
ROA
52.1%▼
2024 · 66.1%
Interest coverage
25.31▼
2024 · 59.24
Debt
€567k▲
2024 · €482k
Debt ≤ 1 year
€567k▲
2024 · €482k
Income taxes
€28k▼
2024 · €35k
Staff costs
€51k▼
2024 · €59k
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€699k€853k▲
Fixed assets21/28€41k€39k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€37k€35k▼
Plant, machinery and equipment23€37k€35k▼
Financial fixed assets28€1k€2k▲
Current assets29/58€658k€814k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€627k€799k▲
Trade receivables40€16k€4k▼
Other amounts receivable41€611k€795k▲
Cash at bank and in hand54/58€29k€13k▼
Deferred charges and accrued income490/1€99€1k▲
Equity and liabilities
Total equity and liabilities10/49€699k€853k▲
Equity10/15€217k€286k▲
Contributions10/11€6k€6k=
Reserves13€210k€280k▲
Distributable reserves133€210k€280k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€482k€567k▲
Amounts payable within one year42/48€482k€567k▲
Trade debts44€20k€75k▲
Suppliers440/4€20k€75k▲
Taxes, remuneration and social security45€87k€117k▲
Taxes450/3€81k€108k▲
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€375k€375k=
Income statement
Code20242025
Remuneration, social security and pensions62€59k€51k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€557k€548k▼
Operating profit (loss)9901€486k€479k▼
Financial income75/76B€20k€12k▼
Recurring financial income75€20k€12k▼
Financial charges65/66B€8k€19k▲
Recurring financial charges65€8k€19k▲
Profit (loss) for the period before taxes9903€497k€472k▼
Income taxes67/77€35k€28k▼
Profit (loss) for the period9904€462k€445k▼
Profit (loss) for the period to be appropriated9905€462k€445k▼
Appropriation of the result
Profit (loss) to be appropriated9906€462k€445k▼
Transfer to equity691/2€87k€70k▼
To other reserves6921€87k€70k▼
Profit to be distributed694/7€375k€375k=
Directors or managers695€375k€375k=
Social balance
Average headcount (FTE)90871.51.1▼
The notes to these accounts (17 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 211 days late
2024
31-12
Financial
Highest result since 2018net €462k ▲36.2%
Operating result €486k, net result €462k, both a record.
31-12
Financial
Equity above €200kEq €217k ▲67.1%
4 profitable years in a row build equity to €217k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €130k ▲43.3%
3 profitable years in a row build equity to €130k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Back to profitnet €162k
Net result €162k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-2k ▼101%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
Julie Putman
CurrentDirector · since 24-05-2025
UNI-CHOC
CurrentDirector · since 25-02-2025 · Legal entity · perm. rep.: BREINE Sonny
24-05-2025
Julie Putman: Appointed as Director
25-02-2025
UNI-CHOC: Appointed as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2017
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.
Groentenmarkt 29000 GentGround area
67 m²
Building footprint
63 m²
Volume, LiDAR
798 m³
Parcel 44803C0355/00_000, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
VANADAE
since 20172.269.399.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0355/00_000 | Flanders | 67 m² | 1 · 63 m² | 18.8 m · 5 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).
Similar companies · same sector, comparable size
GANG NAM KOREA
BE 0649.887.033
Wavre · Eq €286k
Feng Che
BE 0698.680.112
Malle · Eq €286k
De Smid
BE 0472.096.624
Linter · Eq €286k
MANYAN
BE 0806.520.158
Antwerpen · Eq €287k
STAFKE 1771
BE 0554.844.651
Mouscron · Eq €286k
Of 21,636 companies in sector 56112 we hold annual accounts for 9,660. 5,804 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2017
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
46389Wholesale of other food products
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.