VEDABO
ActiveSummary
VEDABO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €517,816 and a net result of €2,996. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-14
Solvency64▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.94 in 2024; short-term debt: 48.1% and cash: 1.9% of total assets), but 61.1% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
38.9%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
6 d early
2022
21 d early
2021
26 d early
2020
30 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,996▼ 79.1%
2024 · €14,349
Working capital
€649,713▼ 7.7%
2024 · €703,822
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€41,612▲ 11.9%€40,206▼ 3.4%€47,325▲ 17.7%€45,838▼ 3.1%€14,476▼ 68.4%
Net result€21,368within the sector's middle half▼ 14.5%€15,565within the sector's middle half▼ 27.2%€12,413within the sector's middle half▼ 20.3%€14,349within the sector's middle half▲ 15.6%€2,996within the sector's middle half▼ 79.1%
Equity€472,493within the sector's middle half▲ 4.7%€488,058within the sector's middle half▲ 3.3%€500,471within the sector's middle half▲ 2.5%€514,820within the sector's middle half▲ 2.9%€517,816within the sector's middle half▲ 0.6%
Total assets€1.4mwithin the sector's middle half▲ 41.1%€1.3mwithin the sector's middle half▼ 9.0%€2.0mabove the sector's middle half▲ 61.7%€1.5mwithin the sector's middle half▼ 25.5%€1.3mwithin the sector's middle half▼ 12.8%
Debt€916,520▲ 71.8%€776,493▼ 15.3%€1.5m▲ 98.9%€1.0m▼ 34.6%€812,203▼ 19.6%
Working capital€455,606▲ 26.0%€490,290▲ 7.6%€666,966▲ 36.0%€703,822▲ 5.5%€649,713▼ 7.7%
Solvency34.0%within the sector's middle half▼ 11.8pp38.6%within the sector's middle half▲ 4.6pp24.5%within the sector's middle half▼ 14.1pp33.8%within the sector's middle half▲ 9.3pp38.9%within the sector's middle half▲ 5.2pp
Staff (FTE)5within the sector's middle half=4.9within the sector's middle half▼ 2.0%3within the sector's middle half▼ 38.8%2.4within the sector's middle half▼ 20.0%2below the sector's middle half▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€41,103 ▼ 41.1%
Current assets
€1.3m ▼ 11.4%
Equity and liabilities €1.3m
Equity
€517,816 ▲ 0.6%
Debt
€812,203 ▼ 19.6%
Debt's share of the balance-sheet total falls from 66.2% to 61.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,271▼
2024 · €101,776
Cash flow
€33,791▼
2024 · €70,287
Current ratio
2.02▲
2024 · 1.94
Quick ratio
1.44▲
2024 · 0.50
Debt to equity
1.57▼
2024 · 1.96
ROE
0.6%▼
2024 · 2.8%
ROA
0.2%▼
2024 · 0.9%
Interest coverage
1.84▼
2024 · 3.31
Debt ≤ 1 year
€639,203▼
2024 · €750,887
Debt > 1 year
€173,000▼
2024 · €258,750
Income taxes
-€77▼
2024 · €5,700
Staff costs
€90,266▼
2024 · €108,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €500 | - | - | - |
| Remuneration, social security and pensions62 | €203,294 | €163,686 | €96,332 | €108,475 | €90,266 | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,683 | €63,102 | €58,315 | €55,938 | €30,795 | ▼ 44.9% |
| Other operating charges640/8 | €4,188 | €33,686 | €4,206 | €2,215 | €11,004 | ▲ 397% |
| Non-recurring operating charges66A | - | - | - | - | €7,735 | - |
| Gross operating margin9900 | €321,776 | €300,680 | €206,177 | €212,466 | €154,277 | ▼ 27.4% |
| Operating profit (loss)9901 | €41,612 | €40,206 | €47,325 | €45,838 | €14,476 | ▼ 68.4% |
| Financial income75/76B | €659 | €397 | €395 | €4,916 | €13,035 | ▲ 165% |
| Recurring financial income75 | €659 | €397 | €395 | €4,916 | €13,035 | ▲ 165% |
| Financial charges65/66B | €15,228 | €19,026 | €31,420 | €30,704 | €24,592 | ▼ 19.9% |
| Recurring financial charges65 | €15,228 | €19,026 | €31,420 | €30,704 | €24,592 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €27,043 | €21,577 | €16,299 | €20,049 | €2,919 | ▼ 85.4% |
| Income taxes67/77 | €5,675 | €6,012 | €3,886 | €5,700 | -€77 | ▼ 101% |
| Profit (loss) for the period9904 | €21,368 | €15,565 | €12,413 | €14,349 | €2,996 | ▼ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €21,368 | €15,565 | €12,413 | €14,349 | €2,996 | ▼ 79.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €2.0m | €1.5m | €1.3m | ▼ 12.8% |
| Fixed assets21/28 | €198,614 | €140,952 | €116,679 | €69,748 | €41,103 | ▼ 41.1% |
| Tangible fixed assets22/27 | €196,994 | €139,332 | €115,059 | €68,128 | €39,483 | ▼ 42.0% |
| Land and buildings22 | €3,126 | €2,776 | €21,102 | €24,912 | €22,008 | ▼ 11.7% |
| Plant, machinery and equipment23 | €17,815 | €18,353 | €25,356 | €21,149 | €16,701 | ▼ 21.0% |
| Furniture and vehicles24 | €176,052 | €118,202 | €68,601 | €22,067 | €774 | ▼ 96.5% |
| Financial fixed assets28 | €1,620 | €1,620 | €1,620 | €1,620 | €1,620 | = |
| Current assets29/58 | €1.2m | €1.1m | €1.9m | €1.5m | €1.3m | ▼ 11.4% |
| Amounts receivable after more than one year29 | €278,171 | €254,409 | €254,409 | €184,871 | €195,169 | ▲ 5.6% |
| Other amounts receivable291 | €278,171 | €254,409 | €254,409 | €184,871 | €195,169 | ▲ 5.6% |
| Stocks and contracts in progress3 | €592,015 | €701,199 | €858,513 | €1.1m | €371,360 | ▼ 65.6% |
| Stocks30/36 | €592,015 | €701,199 | €858,513 | €1.1m | €266,360 | ▼ 74.7% |
| Contracts in progress37 | - | - | - | €30,000 | €105,000 | ▲ 250% |
| Amounts receivable within one year40/41 | €282,333 | €102,016 | €570,129 | €151,479 | €690,478 | ▲ 356% |
| Trade receivables40 | €200,778 | €64,269 | €520,352 | €111,977 | €469,887 | ▲ 320% |
| Other amounts receivable41 | €81,555 | €37,747 | €49,777 | €39,502 | €220,592 | ▲ 458% |
| Cash at bank and in hand54/58 | €11,423 | €34,859 | €219,886 | €17,300 | €25,682 | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €26,458 | €31,116 | €25,485 | €20,055 | €6,226 | ▼ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €2.0m | €1.5m | €1.3m | ▼ 12.8% |
| Equity10/15 | €472,493 | €488,058 | €500,471 | €514,820 | €517,816 | ▲ 0.6% |
| Contributions10/11 | €30,987 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €30,987 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €30,987 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €440,849 | €426,558 | €438,971 | €453,320 | €456,316 | ▲ 0.7% |
| Non-distributable reserves130/1 | €3,099 | €3,910 | €5,151 | €5,869 | €6,150 | ▲ 4.8% |
| Legal reserve130 | €3,099 | €3,910 | €5,151 | €5,869 | €6,150 | ▲ 4.8% |
| Tax-exempt reserves132 | €23,750 | €23,750 | €23,750 | €23,750 | €23,750 | = |
| Distributable reserves133 | €414,000 | €398,898 | €410,070 | €423,702 | €426,416 | ▲ 0.6% |
| Profit (loss) carried forward14 | €657 | - | - | - | - | - |
| Amounts payable17/49 | €916,520 | €776,493 | €1.5m | €1.0m | €812,203 | ▼ 19.6% |
| Amounts payable after more than one year17 | €181,727 | €143,183 | €283,174 | €258,750 | €173,000 | ▼ 33.1% |
| Financial debts170/4 | €181,727 | €143,183 | €283,174 | €258,750 | €173,000 | ▼ 33.1% |
| Amounts payable within one year42/48 | €734,793 | €633,310 | €1.3m | €750,887 | €639,203 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €504,265 | €512,948 | €43,759 | €24,373 | - | - |
| Financial debts43 | - | - | €461,274 | €461,274 | €75,000 | ▼ 83.7% |
| Credit institutions430/8 | - | - | €461,274 | €461,274 | €75,000 | ▼ 83.7% |
| Trade debts44 | €206,903 | €67,681 | €165,763 | €108,091 | €61,039 | ▼ 43.5% |
| Suppliers440/4 | €206,903 | €67,681 | €165,763 | €108,091 | €61,039 | ▼ 43.5% |
| Advances received on contracts in progress46 | - | - | €429,639 | - | €337,614 | - |
| Taxes, remuneration and social security45 | €23,625 | €7,356 | €11,329 | €8,982 | €5,636 | ▼ 37.3% |
| Taxes450/3 | €13,254 | €5,618 | €9,504 | €5,711 | €5,636 | ▼ 1.3% |
| Remuneration and social security454/9 | €10,371 | €1,738 | €1,825 | €3,271 | - | - |
| Other amounts payable47/48 | - | €45,326 | €149,692 | €148,169 | €159,914 | ▲ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,368 | €15,565 | €12,413 | €14,349 | €2,996 | ▼ 79.1% |
| + Depreciation and write-downs630 | €72,683 | €63,102 | €58,315 | €55,938 | €30,795 | ▼ 44.9% |
| Operating cash flow (approximation) | €94,051 | €78,667 | €70,728 | €70,287 | €33,791 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | -€5,440 | -€34,042 | -€9,008 | -€2,150 | ▲ 76.1% |
| Change in cash | - | €23,436 | €185,028 | -€202,586 | €8,382 | ▲ 104% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €2,996 ▼79.1%
Net result drops to €2,996, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €500,471 ▲2.5%
6 profitable years in a row build equity to €500,471.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €24,984 ▲48.4%
Net result €24,984, the highest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Heist-op-den-Berg · 1 establishment unit since 1989
Ground area
174 m²
Building footprint
406 m²
Volume, LiDAR
2,239 m³
Parcel 12017D0091/00M000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NV VEDABO
since 19892.043.962.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017D0091/00M000 | Flanders | 174 m² | 1 · 406 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,103 EUR awarded · 1,103 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 1,103 EUR |
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,367. 2,822 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-05-1989
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437387153
Also
9925:BE0437387153
Registered
12-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.