VEDORA
ActiveVEDORA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-339k) and a net result of €-166k. Equity is shrinking by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency33▼-9
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.9 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
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
-20.3%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€339k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
21 d early
2023
7 d early
2022
70 d late
2021
25 d late
2020
19 d late
2019
24 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-339k▼ 95.5%
2024 · €-173k
2018: €606k
2019: €472k
2020: €342k
2021: €173k
2022: €129k
2023: €-43k
2024: €-173k
2018 → 2025
Total assets
€1.67M▼ 4.9%
2024 · €1.76M
2018: €1.51M
2019: €1.50M
2020: €1.35M
2021: €1.46M
2022: €1.63M
2023: €1.68M
2024: €1.76M
2018 → 2025
Net result
€-166k▼ 27.3%
2024 · €-130k
2018: €-165k
2019: €-173k
2020: €-171k
2021: €-169k
2022: €-44k
2023: €-172k
2024: €-130k
2018 → 2025
Working capital
€-15k▼ 674%
2024 · €-2k
2018: €-462k
2019: €-606k
2020: €-709k
2021: €-1.02M
2022: €-1.36M
2023: €-22k
2024: €-2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€129k▼ 25.4%€-43k€-173k▼ 300%€-339k▼ 95.5%
Operating result€-171k-€-139k▲ 18.6%€-177k▼ 27.1%€-125k▲ 29.3%€-161k▼ 28.9%
Net result€-169k-€-44k▲ 73.9%€-172k▼ 292%€-130k▲ 24.6%€-166k▼ 27.3%
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 stays negative: a loss of €161k in 2025 against €125k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€1.66M▼ 4.2%
Current assets
€6k▼ 68.5%
Key figures and ratios
EBITDA
€-47k▼
2024 · €-30k
Cash flow
€-52k▼
2024 · €-35k
Solvency
-20.3%▼
2024 · -9.9%
Current ratio
0.27▼
2024 · 0.90
Quick ratio
0.27▼
2024 · 0.90
Debt / equity
-5.62▲
2024 · -10.53
ROE
48.8%▼
2024 · 75.0%
ROA
-9.9%▼
2024 · -7.4%
Interest coverage
-10.57▼
2024 · -5.91
Debt
€1.91M▲
2024 · €1.83M
Debt ≤ 1 year
€21k▲
2024 · €20k
Debt > 1 year
€1.84M▲
2024 · €1.77M
Staff costs
€35k▼
2024 · €36k
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€1.76M€1.67M▼
Fixed assets21/28€1.74M€1.66M▼
Tangible fixed assets22/27€1.74M€1.66M▼
Land and buildings22€1.17M€1.13M▼
Furniture and vehicles24€23k€18k▼
Other tangible fixed assets26€539k€512k▼
Current assets29/58€18k€6k▼
Cash at bank and in hand54/58€3k€790▼
Deferred charges and accrued income490/1€15k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.67M▼
Equity10/15€-173k€-339k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€332k€332k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€326k€326k=
Profit (loss) carried forward14€-568k€-733k▼
Provisions and deferred taxes16€103k€103k=
Deferred taxes168€103k€103k=
Amounts payable17/49€1.83M€1.91M▲
Amounts payable after more than one year17€1.77M€1.84M▲
Other amounts payable178/9€1.77M€1.84M▲
Amounts payable within one year42/48€20k€21k▲
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€35k€40k▲
Income statement
Code20242025
Remuneration, social security and pensions62€36k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€114k▲
Other operating charges640/8€11k€24k▲
Gross operating margin9900€16k€12k▼
Operating profit (loss)9901€-125k€-161k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-130k€-166k▼
Profit (loss) for the period9904€-130k€-166k▼
Profit (loss) for the period to be appropriated9905€-130k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-568k€-733k▼
Profit (loss) brought forward from the previous period14P€-438k€-568k▼
The notes to these accounts (4 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-173k
Net result drops to €-173k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
11-05
State Gazette act
General meeting · Director resignation
Permanent representative
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
16-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2012
14-08
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Malle · 1 establishment unit since 1993
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.
Oude Baan 922390 MalleGround area
6,123 m²
Building footprint
331 m²
Volume, LiDAR
2,138 m³
Parcel 11049C0120/00Z008, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEDORA
since 19932.060.900.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0120/00Z008 | Flanders | 6,123 m² | 1 · 331 m² | 10.6 m · 2 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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Ownership & control
1 partyVEDORABE 0449.079.712
controls
Where this company holds controlthis company sits on their board1
12 locations
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Of 9,095 companies in sector 68201 we hold annual accounts for 6,729. 4,405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1992
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.