VEDRAN
ActiveSummary
VEDRAN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5.9m) and a net result of -€201,727. Equity is shrinking by ~4.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Financials · fiscal year 2025, full schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €60,707 in 2025 against €58,724 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,472 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 6,621 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €83,176 | €73,024 | €72,702 | -€116 | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,909 | €1,119 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0 | €731 | €21,088 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€167,197 | -€135,559 | -€84,729 | -€76,347 | -€62,640 | -€55,372 | -€58,453 | -€60,307 | ▼ 3.2% |
| Operating profit (loss)9901 | -€433,539 | -€419,223 | -€276,407 | -€159,523 | -€136,395 | -€149,162 | -€58,724 | -€60,707 | ▼ 3.4% |
| Financial income75/76B | - | - | - | €403 | €0 | €5 | €0 | - | - |
| Recurring financial income75 | €4 | €4 | €11 | €4 | €0 | €5 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €400 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €50,736 | €102,559 | €134,496 | €144,243 | €141,020 | ▼ 2.2% |
| Recurring financial charges65 | €48,330 | €53,095 | €47,993 | €50,736 | €102,559 | €134,496 | €144,243 | €141,020 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | -€481,865 | -€472,314 | -€324,388 | -€209,856 | -€238,954 | -€283,653 | -€202,967 | -€201,727 | ▲ 0.6% |
| Income taxes67/77 | - | €1 | €1 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€481,865 | -€472,314 | -€324,389 | -€209,856 | -€238,954 | -€283,653 | -€202,967 | -€201,727 | ▲ 0.6% |
| Profit (loss) for the period to be appropriated9905 | -€481,865 | -€472,314 | -€324,389 | -€209,856 | -€238,954 | -€283,653 | -€202,967 | -€201,727 | ▲ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.07m | €0.1m | €0.1m | €0.07m | €0.02m | €0.03m | €0.01m | €0.007m | ▼ 38.5% |
| Fixed assets21/28 | €0.005m | €0.004m | €0.004m | €0 | - | - | - | - | - |
| Intangible fixed assets21 | €0.001m | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €109 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0 | - | - | - | - | - |
| Current assets29/58 | €0.06m | €0.1m | €0.1m | €0.07m | €0.02m | €0.03m | €0.01m | €0.007m | ▼ 38.5% |
| Amounts receivable within one year40/41 | €0.006m | €0.06m | €0.07m | €0.04m | €0.009m | €0.008m | €0.007m | €0.007m | ▼ 3.5% |
| Trade receivables40 | - | - | - | €0.03m | €0 | €144 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €0.02m | €0.009m | €0.008m | €0.007m | €0.007m | ▼ 3.5% |
| Current investments50/53 | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.004m | €0 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.05m | €0.01m | €0.02m | €0.001m | €0.01m | €432 | €350 | ▼ 19.0% |
| Deferred charges and accrued income490/1 | - | - | - | €63 | €0 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.07m | €0.1m | €0.1m | €0.07m | €0.02m | €0.03m | €0.01m | €0.007m | ▼ 38.5% |
| Equity10/15 | -€4.0m | -€4.5m | -€4.8m | -€5.0m | -€5.3m | -€5.5m | -€5.7m | -€5.9m | ▼ 3.5% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€4.1m | -€4.5m | -€4.9m | -€5.1m | -€5.3m | -€5.6m | -€5.8m | -€6.0m | ▼ 3.5% |
| Amounts payable17/49 | €4.1m | €4.6m | €4.9m | €5.1m | €5.3m | €5.6m | €5.8m | €5.9m | ▲ 3.4% |
| Amounts payable within one year42/48 | €4.1m | €4.6m | €4.9m | €5.1m | €5.3m | €5.6m | €5.8m | €5.9m | ▲ 3.4% |
| Financial debts43 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Credit institutions430/8 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | = |
| Trade debts44 | €0.01m | €0.03m | €0.09m | €0.09m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 17.4% |
| Suppliers440/4 | - | - | - | €0.09m | €0.03m | €0.03m | €0.01m | €0.02m | ▲ 17.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.009m | €0.02m | €0 | - | - |
| Taxes450/3 | - | - | - | €0 | - | €0.02m | €0 | - | - |
| Remuneration and social security454/9 | - | - | - | €0.009m | €0.009m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €5.0m | €5.2m | €5.5m | €5.7m | €5.9m | ▲ 3.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€481,865 | -€472,314 | -€324,389 | -€209,856 | -€238,954 | -€283,653 | -€202,967 | -€201,727 | ▲ 0.6% |
| + Depreciation and write-downs630 | €1,909 | €1,119 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€479,956 | -€471,196 | -€324,389 | -€209,856 | -€238,954 | -€283,653 | -€202,967 | -€201,727 | ▲ 0.6% |
| Investment in fixed assets (approximation) | - | -€4 | -€4 | €4,033 | - | - | - | - | - |
| Change in cash | - | €11,661 | -€39,479 | €4,804 | -€18,307 | €9,733 | -€10,205 | -€82 | ▲ 99.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.