VEDAV
ActiveSummary
VEDAV has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,358 and a net result of -€2,675. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-16
Solvency54▲+1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.21 in 2024; short-term debt: 71.4% and cash: 0.3% of total assets), and 71.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.6%
Return on assets
-1.5%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
44 d early
2023
42 d late
2022
99 d late
2021
87 d late
2020
26 d late
2019
101 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 42 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 12 September (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€50,358▼ 5.0%
2024 · €53,033
Total assets
€176,196▼ 8.1%
2024 · €191,657
Net result
-€2,675
2024 · €22,325
Working capital
€34,832▲ 20.3%
2024 · €28,956
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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-€22,591▲ 49.9%€17,705€34,832▲ 96.7%€25,069▼ 28.0%-€2,232
Net result-€23,234below the sector's middle half▲ 55.8%€17,419within the sector's middle half€34,453within the sector's middle half▲ 97.8%€22,325within the sector's middle half▼ 35.2%-€2,675below the sector's middle half
Equity-€21,164below the sector's middle half-€3,745below the sector's middle half▲ 82.3%€30,708within the sector's middle half€53,033within the sector's middle half▲ 72.7%€50,358below the sector's middle half▼ 5.0%
Total assets€213,334within the sector's middle half▼ 14.9%€214,445within the sector's middle half▲ 0.5%€226,302within the sector's middle half▲ 5.5%€191,657within the sector's middle half▼ 15.3%€176,196below the sector's middle half▼ 8.1%
Debt€234,498▼ 5.7%€218,190▼ 7.0%€195,595▼ 10.4%€138,624▼ 29.1%€125,838▼ 9.2%
Working capital-€39,688below the sector's middle half▼ 819%-€16,774below the sector's middle half▲ 57.7%-€1,920below the sector's middle half▲ 88.6%€28,956within the sector's middle half€34,832within the sector's middle half▲ 20.3%
Solvency-9.9%below the sector's middle half▼ 10.7pp-1.7%below the sector's middle half▲ 8.2pp13.6%below the sector's middle half▲ 15.3pp27.7%within the sector's middle half▲ 14.1pp28.6%within the sector's middle half▲ 0.9pp
Current ratio0.83below the sector's middle half▼ 0.150.92below the sector's middle half▲ 0.090.99below the sector's middle half▲ 0.071.21within the sector's middle half▲ 0.221.28within the sector's middle half▲ 0.07
Return on assets (ROA)-10.9%below the sector's middle half▲ 10.1pp8.1%within the sector's middle half▲ 19.0pp15.2%within the sector's middle half▲ 7.1pp11.6%within the sector's middle half▼ 3.6pp-1.5%below the sector's middle half▼ 13.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 turns negative in 2025: a loss of €2,232 after €25,069 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,196
Fixed assets
€15,526 ▼ 35.5%
Current assets
€160,670 ▼ 4.1%
Equity and liabilities €176,196
Equity
€50,358 ▼ 5.0%
Debt
€125,838 ▼ 9.2%
Debt's share of the balance-sheet total falls from 72.3% to 71.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,318▼
2024 · €33,620
Cash flow
€5,876▼
2024 · €30,876
Debt to equity
2.50▼
2024 · 2.61
ROE
-5.3%▼
2024 · 42.1%
Interest coverage
38.43▼
2024 · 343.03
Debt ≤ 1 year
€125,838▼
2024 · €138,624
Income taxes
€320▼
2024 · €2,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
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 lower bankruptcy probability: 0.2% 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 497,340 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% | 1.8% |
| 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 2,165 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,393 | €5,495 | €6,627 | €8,551 | €8,551 | = |
| Other operating charges640/8 | €10,115 | €817 | €749 | €744 | €1,340 | ▲ 80.1% |
| Non-recurring operating charges66A | - | - | - | - | €66 | - |
| Gross operating margin9900 | -€8,083 | €24,017 | €42,207 | €34,365 | €7,724 | ▼ 77.5% |
| Operating profit (loss)9901 | -€22,591 | €17,705 | €34,832 | €25,069 | -€2,232 | ▼ 109% |
| Financial income75/76B | €1 | €0 | €18 | €149 | €42 | ▼ 71.8% |
| Recurring financial income75 | €1 | €0 | €18 | €149 | €42 | ▼ 71.8% |
| Financial charges65/66B | €526 | €286 | €266 | €98 | €164 | ▲ 67.8% |
| Recurring financial charges65 | €526 | €286 | €266 | €98 | €164 | ▲ 67.8% |
| Profit (loss) for the period before taxes9903 | -€23,117 | €17,419 | €34,584 | €25,121 | -€2,355 | ▼ 109% |
| Income taxes67/77 | €117 | - | €132 | €2,795 | €320 | ▼ 88.6% |
| Profit (loss) for the period9904 | -€23,234 | €17,419 | €34,453 | €22,325 | -€2,675 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | -€23,234 | €17,419 | €34,453 | €22,325 | -€2,675 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,334 | €214,445 | €226,302 | €191,657 | €176,196 | ▼ 8.1% |
| Fixed assets21/28 | €18,524 | €13,029 | €32,627 | €24,076 | €15,526 | ▼ 35.5% |
| Tangible fixed assets22/27 | €18,524 | €13,029 | €32,627 | €24,076 | €15,526 | ▼ 35.5% |
| Furniture and vehicles24 | €18,524 | €13,029 | €32,627 | €24,076 | €15,526 | ▼ 35.5% |
| Current assets29/58 | €194,810 | €201,416 | €193,675 | €167,580 | €160,670 | ▼ 4.1% |
| Amounts receivable within one year40/41 | €178,753 | €183,850 | €182,527 | €157,361 | €153,090 | ▼ 2.7% |
| Trade receivables40 | €11,925 | €17,022 | €6,542 | €9,533 | €5,237 | ▼ 45.1% |
| Other amounts receivable41 | €166,828 | €166,828 | €175,986 | €147,828 | €147,853 | = |
| Current investments50/53 | - | - | - | - | €6,868 | - |
| Cash at bank and in hand54/58 | €16,057 | €17,566 | €11,148 | €10,219 | €582 | ▼ 94.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €130 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,334 | €214,445 | €226,302 | €191,657 | €176,196 | ▼ 8.1% |
| Equity10/15 | -€21,164 | -€3,745 | €30,708 | €53,033 | €50,358 | ▼ 5.0% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €2,454 | €2,454 | €2,454 | €2,454 | €2,454 | = |
| Non-distributable reserves130/1 | €2,368 | €2,368 | €2,368 | €2,368 | €2,368 | = |
| Legal reserve130 | €2,368 | €2,368 | €2,368 | €2,368 | €2,368 | = |
| Distributable reserves133 | €86 | €86 | €86 | €86 | €86 | = |
| Profit (loss) carried forward14 | -€86,118 | -€68,699 | -€34,247 | -€11,921 | -€14,596 | ▼ 22.4% |
| Amounts payable17/49 | €234,498 | €218,190 | €195,595 | €138,624 | €125,838 | ▼ 9.2% |
| Amounts payable within one year42/48 | €234,498 | €218,190 | €195,595 | €138,624 | €125,838 | ▼ 9.2% |
| Financial debts43 | - | - | - | - | €1,271 | - |
| Credit institutions430/8 | - | - | - | - | €1,271 | - |
| Trade debts44 | €27,020 | €36,279 | €29,093 | €842 | €1,567 | ▲ 86.1% |
| Suppliers440/4 | €27,020 | €36,279 | €29,093 | €842 | €1,567 | ▲ 86.1% |
| Taxes, remuneration and social security45 | €27,177 | €12,934 | €167 | €3,929 | €4,389 | ▲ 11.7% |
| Taxes450/3 | €3,177 | €799 | €167 | €3,929 | €1,595 | ▼ 59.4% |
| Remuneration and social security454/9 | €24,000 | €12,135 | - | - | €2,794 | - |
| Other amounts payable47/48 | €180,301 | €168,978 | €166,335 | €133,853 | €118,610 | ▼ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,234 | €17,419 | €34,453 | €22,325 | -€2,675 | ▼ 112% |
| + Depreciation and write-downs630 | €4,393 | €5,495 | €6,627 | €8,551 | €8,551 | = |
| Operating cash flow (approximation) | -€18,840 | €22,914 | €41,079 | €30,876 | €5,876 | ▼ 81.0% |
| Investment in fixed assets (approximation) | - | €0 | -€26,225 | €0 | €0 | - |
| Change in cash | - | €1,509 | -€6,418 | -€929 | -€9,636 | ▼ 937% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
31-12
Financial
Highest result since 2018net €34,453 ▲97.8%
Operating result €34,832, net result €34,453, both a record.
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 99 days late
2022
31-12
Financial
Back to profitnet €17,419
Net result €17,419 after 4 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€52,589
Net result drops to -€52,589, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Knokke-Heist · 1 establishment unit since 2015
Ground area
594 m²
Building footprint
256 m²
Volume, LiDAR
2,786 m³
Parcel 31332E0220/00C000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VEDAV
since 20152.241.565.080
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0220/00C000 | Flanders | 594 m² | 1 · 256 m² | 14.6 m · 4 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 38,112 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 (pre-2019)
Founded24-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
68110Buying and selling of own real estate
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0607936513
Also
9925:BE0607936513
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.