VEDISAN
ActiveSummary
VEDISAN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €592,469 and a net result of €167,554. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 8061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83=
Solvency64▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.15 in 2024; short-term debt: 33.6% and cash: 50.9% of total assets), but 60.8% 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
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 · 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
39.2%
Return on assets
11.1%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
on the day
2023
51 d late
2022
on the day
2021
on the day
2020
2 d early
2019
4 d early
← 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 4 days after 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€592,469▲ 23.0%
2024 · €481,757
Total assets
€1.5m▲ 14.4%
2024 · €1.3m
Net result
€167,554▲ 9.8%
2024 · €152,659
Working capital
€614,579▲ 27.6%
2024 · €481,691
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,394▼ 8.7%€74,814▼ 19.9%€55,550▼ 25.7%€262,246▲ 372%€220,953▼ 15.7%
Net result€33,504within the sector's middle half▼ 41.1%€44,859within the sector's middle half▲ 33.9%€43,163within the sector's middle half▼ 3.8%€152,659above the sector's middle half▲ 254%€167,554above the sector's middle half▲ 9.8%
Equity€427,285within the sector's middle half▼ 16.0%€407,717within the sector's middle half▼ 4.6%€450,880within the sector's middle half▲ 10.6%€481,757within the sector's middle half▲ 6.8%€592,469within the sector's middle half▲ 23.0%
Total assets€1.2mwithin the sector's middle half▼ 2.6%€1.2mwithin the sector's middle half▲ 0.3%€1.3mwithin the sector's middle half▲ 3.3%€1.3mwithin the sector's middle half▲ 2.6%€1.5mabove the sector's middle half▲ 14.4%
Debt€814,355▲ 6.4%€838,064▲ 2.9%€835,757▼ 0.3%€838,249▲ 0.3%€917,870▲ 9.5%
Working capital€454,439within the sector's middle half▼ 12.0%€435,983within the sector's middle half▼ 4.1%€434,861within the sector's middle half▼ 0.3%€481,691within the sector's middle half▲ 10.8%€614,579above the sector's middle half▲ 27.6%
Solvency34.4%within the sector's middle half▼ 5.5pp32.7%within the sector's middle half▼ 1.7pp35.0%within the sector's middle half▲ 2.3pp36.5%within the sector's middle half▲ 1.5pp39.2%within the sector's middle half▲ 2.7pp
Current ratio2.37within the sector's middle half▼ 0.632.19within the sector's middle half▼ 0.182.06within the sector's middle half▼ 0.132.15within the sector's middle half▲ 0.092.21within the sector's middle half▲ 0.06
Return on assets (ROA)2.7%within the sector's middle half▼ 1.8pp3.6%within the sector's middle half▲ 0.9pp3.4%within the sector's middle half▼ 0.2pp11.6%within the sector's middle half▲ 8.2pp11.1%within the sector's middle half▼ 0.5pp
Staff (FTE)7.3within the sector's middle half▲ 4.3%8.7within the sector's middle half▲ 19.2%8.8within the sector's middle half▲ 1.1%7.9within the sector's middle half▼ 10.2%8.2within the sector's middle half▲ 3.8%
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.
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 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€388,758 ▼ 7.7%
Current assets
€1.1m ▲ 24.8%
Equity and liabilities €1.5m
Equity
€592,469 ▲ 23.0%
Debt
€917,870 ▲ 9.5%
Debt's share of the balance-sheet total falls from 63.5% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€259,302▼
2024 · €299,065
Cash flow
€205,903▲
2024 · €189,478
Quick ratio
2.15▼
2024 · 2.15
Debt to equity
1.55▼
2024 · 1.74
ROE
28.3%▼
2024 · 31.7%
Interest coverage
10.16▼
2024 · 14.79
Debt ≤ 1 year
€507,002▲
2024 · €417,107
Debt > 1 year
€387,368▼
2024 · €421,143
Income taxes
€73,405▼
2024 · €94,593
Staff costs
€573,552▲
2024 · €543,442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,341 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 34,696 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 | - | €3,594 | - | €426 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €489,293 | €595,108 | €543,442 | €573,552 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,819 | €45,056 | €34,013 | €36,819 | €38,349 | ▲ 4.2% |
| Other operating charges640/8 | - | €3,442 | €3,079 | €4,033 | €3,885 | ▼ 3.6% |
| Gross operating margin9900 | €567,029 | €612,604 | €687,751 | €846,540 | €836,739 | ▼ 1.2% |
| Operating profit (loss)9901 | €93,394 | €74,814 | €55,550 | €262,246 | €220,953 | ▼ 15.7% |
| Financial income75/76B | - | €18,541 | €33,776 | €8,465 | €45,523 | ▲ 438% |
| Recurring financial income75 | €19,228 | €18,541 | €33,776 | €8,465 | €20,333 | ▲ 140% |
| Non-recurring financial income76B | - | - | - | - | €25,190 | - |
| Financial charges65/66B | - | €24,091 | €19,492 | €23,460 | €25,516 | ▲ 8.8% |
| Recurring financial charges65 | €21,942 | €22,807 | €19,492 | €20,220 | €25,516 | ▲ 26.2% |
| Non-recurring financial charges66B | - | €1,284 | - | €3,239 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €90,680 | €69,264 | €69,834 | €247,251 | €240,960 | ▼ 2.5% |
| Income taxes67/77 | €57,175 | €24,405 | €26,670 | €94,593 | €73,405 | ▼ 22.4% |
| Profit (loss) for the period9904 | €33,504 | €44,859 | €43,163 | €152,659 | €167,554 | ▲ 9.8% |
| Profit (loss) for the period to be appropriated9905 | €33,504 | €44,859 | €43,163 | €152,659 | €167,554 | ▲ 9.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 14.4% |
| Fixed assets21/28 | €455,401 | €443,103 | €442,888 | €421,209 | €388,758 | ▼ 7.7% |
| Tangible fixed assets22/27 | €455,401 | €443,103 | €442,888 | €421,209 | €388,758 | ▼ 7.7% |
| Land and buildings22 | - | €9,326 | €7,461 | €5,639 | €3,818 | ▼ 32.3% |
| Plant, machinery and equipment23 | - | €3,259 | €7,684 | €10,249 | €7,933 | ▼ 22.6% |
| Furniture and vehicles24 | - | €17,263 | €37,257 | €36,860 | €30,999 | ▼ 15.9% |
| Leasing and similar rights25 | - | €382,183 | €364,056 | €345,929 | €327,802 | ▼ 5.2% |
| Other tangible fixed assets26 | - | €31,071 | €26,431 | €22,532 | €18,207 | ▼ 19.2% |
| Current assets29/58 | €786,239 | €802,677 | €843,749 | €898,798 | €1.1m | ▲ 24.8% |
| Stocks and contracts in progress3 | - | - | - | - | €30,375 | - |
| Stocks30/36 | - | - | - | - | €30,375 | - |
| Amounts receivable within one year40/41 | €238,194 | €230,764 | €269,304 | €225,380 | €246,226 | ▲ 9.2% |
| Trade receivables40 | - | €191,430 | €217,928 | €153,948 | €192,715 | ▲ 25.2% |
| Other amounts receivable41 | - | €39,334 | €51,377 | €71,432 | €53,511 | ▼ 25.1% |
| Current investments50/53 | - | €10,000 | €22,000 | €33,000 | €45,000 | ▲ 36.4% |
| Cash at bank and in hand54/58 | €533,749 | €550,791 | €517,122 | €620,049 | €768,754 | ▲ 24.0% |
| Deferred charges and accrued income490/1 | - | €11,123 | €35,323 | €20,369 | €31,226 | ▲ 53.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.3m | €1.3m | €1.5m | ▲ 14.4% |
| Equity10/15 | €427,285 | €407,717 | €450,880 | €481,757 | €592,469 | ▲ 23.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €408,685 | €389,117 | €432,280 | €463,157 | €573,869 | ▲ 23.9% |
| Non-distributable reserves130/1 | - | €1,875 | €1,875 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,875 | €1,875 | €0 | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €368,492 | €411,655 | €444,407 | €555,119 | ▲ 24.9% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €814,355 | €838,064 | €835,757 | €838,249 | €917,870 | ▲ 9.5% |
| Amounts payable after more than one year17 | €480,110 | €471,369 | €426,869 | €421,143 | €387,368 | ▼ 8.0% |
| Financial debts170/4 | - | €471,369 | €426,869 | €421,143 | €387,368 | ▼ 8.0% |
| Amounts payable within one year42/48 | €331,799 | €366,695 | €408,888 | €417,107 | €507,002 | ▲ 21.6% |
| Current portion of amounts payable after more than one year42 | - | €55,577 | €30,696 | €54,956 | €33,774 | ▼ 38.5% |
| Financial debts43 | - | - | €25,000 | €0 | €20,891 | - |
| Credit institutions430/8 | - | - | €25,000 | €0 | €20,891 | - |
| Trade debts44 | €141,748 | €62,263 | €208,682 | €224,902 | €358,196 | ▲ 59.3% |
| Suppliers440/4 | - | €62,263 | €208,682 | €224,902 | €358,196 | ▲ 59.3% |
| Advances received on contracts in progress46 | - | €43,727 | €43,727 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €38,124 | €8,968 | €54,946 | €36,646 | ▼ 33.3% |
| Taxes450/3 | - | €6,330 | €4,334 | €9,497 | €1,735 | ▼ 81.7% |
| Remuneration and social security454/9 | - | €31,795 | €4,634 | €45,449 | €34,911 | ▼ 23.2% |
| Other amounts payable47/48 | - | €167,004 | €91,815 | €82,304 | €57,495 | ▼ 30.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €23,500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,504 | €44,859 | €43,163 | €152,659 | €167,554 | ▲ 9.8% |
| + Depreciation and write-downs630 | €44,819 | €45,056 | €34,013 | €36,819 | €38,349 | ▲ 4.2% |
| Operating cash flow (approximation) | €78,323 | €89,915 | €77,176 | €189,478 | €205,903 | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | -€32,759 | -€33,798 | -€15,139 | -€5,898 | ▲ 61.0% |
| Change in cash | - | €17,041 | -€33,669 | €102,927 | €148,706 | ▲ 44.5% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €167,554 ▲9.8%
Net result €167,554, the highest in the series.
30-06
Financial
Equity above €500,000Eq €592,469 ▲23%
7 profitable years in a row build equity to €592,469.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet €33,504 ▼41.1%
Net result drops to €33,504, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €500,000Eq €508,781 ▲12.6%
2 profitable years in a row build equity to €508,781.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 100 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 211 days late
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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2013
Ground area
1,559 m²
Building footprint
129 m²
Volume, LiDAR
706 m³
Parcel 11015B0332/00D000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vedisan
since 20132.222.306.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11015B0332/00D000 | Flanders | 1,559 m² | 1 · 129 m² | 8.4 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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,699 EUR awarded · 1,699 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 108 EUR | 108 EUR |
| 2024 | 1 | 1,118 EUR | 1,118 EUR |
| 2023 | 1 | 107 EUR | 107 EUR |
| 2022 | 1 | 366 EUR | 366 EUR |
Recognitions · licences · registrations
Recognised contractor
3 categoriesVEDISAN BV38038
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Of 7,038 companies in this sector we hold annual accounts for 3,481. 2,194 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded02-09-2013
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
46831Wholesale of construction materials, general range
47527Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537837185
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.