Vedafor
ActiveSummary
Vedafor has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,277 and a net result of €78,876. Equity is shrinking by ~8.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+66
Solvency86▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
short-term debt: 0.5% and cash: 21.8% of total assets, and 38.5% 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
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
61.5%
Return on assets
9.7%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
31 d early
2023
27 d early
2022
31 d early
2021
26 d early
2020
51 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 5 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€499,277▲ 18.8%
2024 · €420,400
Total assets
€812,077▲ 1.4%
2024 · €800,485
Net result
€78,876
2024 · -€37,152
Working capital
€644,744▲ 31.2%
2024 · €491,411
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
Line20212022202320242025
Operating result€37,647▲ 9.9%-€23,156€229,067-€62,465€66,961
Net result€30,489▼ 8.0%-€5,511€162,952-€37,152€78,876
Equity€693,293▼ 11.4%€503,526▼ 27.4%€666,478▲ 32.4%€420,400▼ 36.9%€499,277▲ 18.8%
Total assets€1.1m=€828,420▼ 22.2%€985,760▲ 19.0%€800,485▼ 18.8%€812,077▲ 1.4%
Debt€274,706▲ 48.3%€228,267▼ 16.9%€222,654▼ 2.5%€283,458▲ 27.3%€216,174▼ 23.7%
Working capital€605,799▲ 9.3%€363,057▼ 40.1%€646,615▲ 78.1%€491,411▼ 24.0%€644,744▲ 31.2%
Staff (FTE)3.1=3.5▲ 12.9%0▼ 100%
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 returns to profit in 2025: €66,961 after a loss of €62,465 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812,077
Fixed assets
€163,441 ▼ 37.3%
Current assets
€648,637 ▲ 20.2%
Equity and liabilities €812,077
Equity
€499,277 ▲ 18.8%
Provisions
€96,627 =
Debt
€216,174 ▼ 23.7%
Debt's share of the balance-sheet total falls from 35.4% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93,781▲
2024 · €358
Cash flow
€105,696▲
2024 · €25,672
Debt to equity
0.43▼
2024 · 0.67
ROE
15.8%▲
2024 · -8.8%
ROA
9.7%▲
2024 · -4.6%
Interest coverage
71.86▲
2024 · 0.26
Debt ≤ 1 year
€3,893▼
2024 · €48,431
Income taxes
€27,946▲
2024 · €5,546
A ratio outside any meaningful range has been withheld (balance sheet total €812,077, equity €499,277).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | - | €18,500 | €362,116 | €0 | €88,363 | - |
| Remuneration, social security and pensions62 | €138,698 | €150,081 | €2,435 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,208 | €86,495 | €65,487 | €62,824 | €26,819 | ▼ 57.3% |
| Other operating charges640/8 | €15,699 | €7,804 | €6,123 | €5,693 | €6,234 | ▲ 9.5% |
| Non-recurring operating charges66A | - | - | €1,018 | €0 | - | - |
| Gross operating margin9900 | €290,252 | €221,224 | €304,129 | €6,051 | €100,014 | ▲ 1,553% |
| Operating profit (loss)9901 | €37,647 | -€23,156 | €229,067 | -€62,465 | €66,961 | ▲ 207% |
| Financial income75/76B | €6,827 | €19,608 | €1,465 | €32,218 | €41,166 | ▲ 27.8% |
| Recurring financial income75 | €6,827 | €19,608 | €1,465 | €32,218 | €41,166 | ▲ 27.8% |
| Financial charges65/66B | €532 | €942 | €272 | €1,359 | €1,305 | ▼ 4.0% |
| Recurring financial charges65 | €532 | €942 | €272 | €1,359 | €1,305 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €43,942 | -€4,490 | €230,260 | -€31,606 | €106,822 | ▲ 438% |
| Income taxes67/77 | €13,453 | €1,021 | €67,308 | €5,546 | €27,946 | ▲ 404% |
| Profit (loss) for the period9904 | €30,489 | -€5,511 | €162,952 | -€37,152 | €78,876 | ▲ 312% |
| Transfer from tax-exempt reserves789 | €18,750 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,239 | -€5,511 | €162,952 | -€37,152 | €78,876 | ▲ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €828,420 | €985,760 | €800,485 | €812,077 | ▲ 1.4% |
| Fixed assets21/28 | €394,156 | €376,201 | €310,141 | €260,644 | €163,441 | ▼ 37.3% |
| Tangible fixed assets22/27 | €390,039 | €372,085 | €306,024 | €260,544 | €163,341 | ▼ 37.3% |
| Land and buildings22 | €245,678 | €222,431 | €228,450 | €218,242 | €136,014 | ▼ 37.7% |
| Plant, machinery and equipment23 | €78,447 | €43,244 | €2,004 | €982 | €0 | ▼ 100% |
| Furniture and vehicles24 | €65,914 | €106,409 | €71,071 | €36,820 | €22,826 | ▼ 38.0% |
| Other tangible fixed assets26 | - | - | €4,500 | €4,500 | €4,500 | = |
| Financial fixed assets28 | €4,116 | €4,116 | €4,116 | €100 | €100 | = |
| Current assets29/58 | €670,470 | €452,219 | €675,619 | €539,842 | €648,637 | ▲ 20.2% |
| Amounts receivable within one year40/41 | €122,587 | €20,901 | €78,080 | €0 | €22,008 | - |
| Trade receivables40 | - | - | - | - | €267 | - |
| Other amounts receivable41 | €122,587 | €20,901 | €78,080 | €0 | €21,741 | - |
| Current investments50/53 | €451,114 | €416,993 | €527,514 | €518,365 | €448,362 | ▼ 13.5% |
| Cash at bank and in hand54/58 | €45,669 | €6,361 | €63,493 | €18,107 | €176,919 | ▲ 877% |
| Deferred charges and accrued income490/1 | €51,100 | €7,964 | €6,531 | €3,370 | €1,348 | ▼ 60.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €828,420 | €985,760 | €800,485 | €812,077 | ▲ 1.4% |
| Equity10/15 | €693,293 | €503,526 | €666,478 | €420,400 | €499,277 | ▲ 18.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €674,673 | €450,084 | €613,036 | €401,800 | €480,677 | ▲ 19.6% |
| Non-distributable reserves130/1 | €31,914 | €31,914 | €0 | - | - | - |
| Reserves not available under the articles1311 | €31,914 | €31,914 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €642,759 | €418,170 | €613,036 | €401,800 | €480,677 | ▲ 19.6% |
| Profit (loss) carried forward14 | €21 | €34,842 | €34,842 | €0 | €0 | - |
| Provisions and deferred taxes16 | €96,627 | €96,627 | €96,627 | €96,627 | €96,627 | = |
| Provisions for liabilities and charges160/5 | €96,627 | €96,627 | €96,627 | €96,627 | €96,627 | = |
| Pensions and similar obligations160 | €96,627 | €96,627 | €96,627 | €96,627 | €96,627 | = |
| Amounts payable17/49 | €274,706 | €228,267 | €222,654 | €283,458 | €216,174 | ▼ 23.7% |
| Amounts payable after more than one year17 | €47,426 | €8,025 | €0 | - | - | - |
| Financial debts170/4 | €47,426 | €8,025 | €0 | - | - | - |
| Amounts payable within one year42/48 | €64,671 | €89,162 | €29,003 | €48,431 | €3,893 | ▼ 92.0% |
| Current portion of amounts payable after more than one year42 | €39,256 | €39,400 | €8,025 | €0 | - | - |
| Trade debts44 | €7,646 | €11,080 | €3,670 | €557 | €401 | ▼ 27.9% |
| Suppliers440/4 | €7,646 | €11,080 | €3,670 | €557 | €401 | ▼ 27.9% |
| Taxes, remuneration and social security45 | €17,769 | €17,551 | €17,308 | €22,854 | €3,492 | ▼ 84.7% |
| Taxes450/3 | €777 | €0 | €17,308 | €22,854 | €3,492 | ▼ 84.7% |
| Remuneration and social security454/9 | €16,992 | €17,551 | €0 | - | - | - |
| Other amounts payable47/48 | - | €21,131 | €0 | €25,021 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €162,609 | €131,079 | €193,650 | €235,027 | €212,281 | ▼ 9.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,489 | -€5,511 | €162,952 | -€37,152 | €78,876 | ▲ 312% |
| + Depreciation and write-downs630 | €98,208 | €86,495 | €65,487 | €62,824 | €26,819 | ▼ 57.3% |
| Operating cash flow (approximation) | €128,697 | €80,984 | €228,439 | €25,672 | €105,696 | ▲ 312% |
| Investment in fixed assets (approximation) | - | -€68,540 | €573 | -€13,326 | €70,383 | ▲ 628% |
| Change in cash | - | -€39,308 | €57,132 | -€45,386 | €158,812 | ▲ 450% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €78,876
Net result €78,876 after one loss-making year.
31-12
Financial
Liquidity times 15current ratio 166.61
Current ratio from 11.15 to 166.61; short-term debt falls from €48,431 to €3,893.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€37,152
Net result drops to -€37,152, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €162,952
Net result €162,952 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 23.29
Current ratio from 5.07 to 23.29; short-term debt falls from €89,162 to €29,003.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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, Leuven · 1 establishment unit since 1998
Ground area
1,383 m²
Building footprint
236 m²
Volume, LiDAR
1,323 m³
Parcel 24434F0208/00M002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jachtlaan 4, 3001 Leuven
since 19982.187.003.174
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24434F0208/00M002 | Flanders | 1,383 m² | 1 · 236 m² | 9.4 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-05-1998
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.