VENDAX
ActiveVENDAX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency23=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 0.98 in 2024), and 86% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
14%
Return on assets
-9.8%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
44 d early
2023
61 d early
2022
49 d early
2021
27 d early
2020
31 d late
2019
31 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 41.2%
2024 · €5k
2018: €16k
2019: €16k
2020: €23k
2021: €18k
2022: €27k
2023: €29k
2024: €5k
2018 → 2025
Total assets
€20k▼ 24.7%
2024 · €26k
2018: €40k
2019: €20k
2020: €31k
2021: €21k
2022: €32k
2023: €35k
2024: €26k
2018 → 2025
Net result
€-2k
2024 · €1k
2018: €2k
2019: €324
2020: €9k
2021: €-5k
2022: €9k
2023: €2k
2024: €1k
2018 → 2025
Working capital
€2k
2024 · €-525
2018: €16k
2019: €11k
2020: €23k
2021: €18k
2022: €28k
2023: €29k
2024: €-525
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€27k▲ 50.9%€29k▲ 7.4%€5k▼ 83.7%€3k▼ 41.2%
Operating result€-5k-€10k€5k▼ 52.6%€4k▼ 24.3%€-656
Net result€-5k-€9k€2k▼ 78.1%€1k▼ 31.4%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €656 after €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20k
Fixed assets
€805▼ 84.7%
Current assets
€19k▼ 9.8%
Equity and liabilities €20k
Equity
€3k▼ 41.2%
Debt
€17k▼ 21.1%
The debt ratio rises from 82.1% to 86.0%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€4k▼
2024 · €7k
Cash flow
€3k▼
2024 · €5k
Solvency
14.0%▼
2024 · 17.9%
Current ratio
1.12▲
2024 · 0.98
Quick ratio
1.12▲
2024 · 0.98
Debt / equity
6.14▲
2024 · 4.58
ROE
-70.0%▼
2024 · 29.0%
ROA
-9.8%▼
2024 · 5.2%
Interest coverage
5.74▼
2024 · 11.39
Debt
€17k▼
2024 · €22k
Debt ≤ 1 year
€17k▼
2024 · €22k
Income taxes
€685▼
2024 · €2k
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€26k€20k▼
Fixed assets21/28€5k€805▼
Tangible fixed assets22/27€5k€805▼
Furniture and vehicles24€5k€805▼
Current assets29/58€21k€19k▼
Amounts receivable within one year40/41€7k€7k▲
Trade receivables40€6k€5k▼
Other amounts receivable41€440€2k▲
Cash at bank and in hand54/58€13k€11k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€26k€20k▼
Equity10/15€5k€3k▼
Contributions10/11€4k€4k=
Reserves13€742€0▼
Distributable reserves133€742€0▼
Profit (loss) carried forward14€0€-1k▼
Amounts payable17/49€22k€17k▼
Amounts payable within one year42/48€22k€17k▼
Trade debts44€2k€821▼
Suppliers440/4€2k€821▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€16k€14k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€413€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€9k€5k▼
Operating profit (loss)9901€4k€-656▼
Financial income75/76B€39€51▲
Recurring financial income75€39€51▲
Financial charges65/66B€631€663▲
Recurring financial charges65€631€663▲
Profit (loss) for the period before taxes9903€3k€-1k▼
Income taxes67/77€2k€685▼
Profit (loss) for the period9904€1k€-2k▼
Profit (loss) for the period to be appropriated9905€1k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€742€-2k▼
Profit (loss) brought forward from the previous period14P€-635€0▲
Transfer from equity791/2€0€742▲
Transfer to equity691/2€742€0▼
To other reserves6921€742€0▼
The notes to these accounts (5 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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k ▼158%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €9k ▲2818%
Operating result €10k, net result €9k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.50
Current ratio from 1.67 to 3.50; short-term debt falls from €24k to €4k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zutendaal · 1 establishment unit since 1997
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.
Kempenseweg 1013690 ZutendaalGround area
859 m²
Building footprint
177 m²
Volume, LiDAR
1,049 m³
Parcel 71067B0127/00M004, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kempenseweg 101, 3690 Zutendaal
since 19972.080.310.401
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067B0127/00M004 | Flanders | 859 m² | 1 · 177 m² | 9.6 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.
Similar companies · same sector, comparable size
VALDUC SHOE
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GEMI GROUP
BE 0716.838.215
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DUREZ & Co
BE 0469.465.845
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ADAM TEX
BE 0737.374.006
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Of 1,268 companies in sector 46160 we hold annual accounts for 682. 187 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-1997
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
51160
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.