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VIDAR

Active
Private limited companyfounded 200818 yrs activeRue Haute-Sauvenière 11, 4000 Liège, BelgiumKBO/BCE: BE 0899.024.902
Summary

VIDAR has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,966 and a net result of €13,131. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency64▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.1 in 2024; short-term debt: 51.9% and cash: 6.9% of total assets), and 61.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 18 years 0 20 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
38.7%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
14 d early
2023
9 d early
2022
43 d late
2021
34 d early
2020
61 d early
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 17 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VIDAR was incorporated on 3 July 2008.1 Total assets fell from EUR 750,087 in 2018 to EUR 674,535 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€163,448
EBIT margin
62.2%
Net result
€13,131▲ 125%
2024 · €5,830
Working capital
-€293,431▲ 29.9%
2024 · -€418,338
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€24,541▼ 74.8%-€19,029€8,875€24,898▲ 181%€26,545▲ 6.6%
Net result€13,806▼ 77.4%-€23,651-€9,143▲ 61.3%€5,830€13,131▲ 125%
EBIT margin
Equity€274,798▼ 11.1%€251,147▼ 8.6%€242,005▼ 3.6%€247,835▲ 2.4%€260,966▲ 5.3%
Total assets€385,800▼ 8.6%€615,677▲ 59.6%€941,987▲ 53.0%€767,434▼ 18.5%€674,535▼ 12.1%
Debt€111,002▼ 1.9%€364,530▲ 228%€699,982▲ 92.0%€519,599▼ 25.8%€413,570▼ 20.4%
Working capital€76,864▼ 21.7%-€205,192-€554,595▼ 170%-€418,338▲ 24.6%-€293,431▲ 29.9%
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: €24,541€24,541Net result 2021: €13,806€13,806Operating result 2022: -€19,029-€19,029Net result 2022: -€23,651-€23,651Operating result 2023: €8,875€8,875Net result 2023: -€9,143-€9,143Operating result 2024: €24,898€24,898Net result 2024: €5,830€5,830Operating result 2025: €26,545€26,545Net result 2025: €13,131€13,13120212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €8,875€8,880Net result 2023: -€9,143-€9,140Operating result 2024: €24,898€24,900Net result 2024: €5,830€5,830Operating result 2025: €26,545€26,500Net result 2025: €13,131€13,100202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €674,535
Fixed assets €617,966 ▼ 14.1%
Current assets €56,569 ▲ 17.4%
Equity and liabilities €674,535
Equity €260,966 ▲ 5.3%
Debt €413,570 ▼ 20.4%
Debt's share of the balance-sheet total falls from 67.7% to 61.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€127,828▲
2024 · €126,181
Cash flow
€114,414▲
2024 · €107,113
Current ratio
0.16▲
2024 · 0.10
Debt to equity
1.58▼
2024 · 2.10
ROE
5.0%▲
2024 · 2.4%
ROA
1.9%▲
2024 · 0.8%
Interest coverage
9.53▲
2024 · 6.62
Debt ≤ 1 year
€350,000▼
2024 · €466,523
Income taxes
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.3% went bankrupt
3.6% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,045 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€767,434€674,535▼
Formation expenses20€0€0=
Fixed assets21/28€719,249€617,966▼
Tangible fixed assets22/27€719,249€617,966▼
Land and buildings22€719,249€617,966▼
Plant, machinery and equipment23€0€0=
Current assets29/58€48,185€56,569▲
Amounts receivable within one year40/41€20,918€10,000▼
Trade receivables40€7,318€0▼
Other amounts receivable41€13,600€10,000▼
Cash at bank and in hand54/58€27,267€46,569▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€767,434€674,535▼
Equity10/15€247,835€260,966▲
Contributions10/11€22,000€22,000=
Reserves13€252,798€252,798=
Distributable reserves133€252,798€252,798=
Profit (loss) carried forward14-€26,963-€13,833▲
Amounts payable17/49€519,599€413,570▼
Amounts payable within one year42/48€466,523€350,000▼
Trade debts44€16,523€0▼
Suppliers440/4€16,523€0▼
Other amounts payable47/48€450,000€350,000▼
Accrued charges and deferred income492/3€53,077€63,570▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€13,218€11,571▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101,283€101,283=
Other operating charges640/8€11,209€11,552▲
Gross operating margin9900€137,390€139,380▲
Operating profit (loss)9901€24,898€26,545▲
Financial charges65/66B€19,068€13,414▼
Recurring financial charges65€19,068€13,414▼
Profit (loss) for the period before taxes9903€5,830€13,131▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€5,830€13,131▲
Profit (loss) for the period to be appropriated9905€5,830€13,131▲
Appropriation of the result
Profit (loss) to be appropriated9906-€26,963-€13,833▲
Profit (loss) brought forward from the previous period14P-€32,793-€26,963▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61€9,499€21,000€15,873€13,218€11,571▼ 12.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49,856€55,268€91,401€101,283€101,283=
Other operating charges640/8€9,826€9,835€10,757€11,209€11,552▲ 3.1%
Gross operating margin9900€84,223€46,074€111,034€137,390€139,380▲ 1.4%
Operating profit (loss)9901€24,541-€19,029€8,875€24,898€26,545▲ 6.6%
Financial charges65/66B€4,677€4,656€18,018€19,068€13,414▼ 29.7%
Recurring financial charges65€4,677€4,656€18,018€19,068€13,414▼ 29.7%
Profit (loss) for the period before taxes9903€19,863-€23,685-€9,143€5,830€13,131▲ 125%
Income taxes67/77€6,057-€34€0€0€0-
Profit (loss) for the period9904€13,806-€23,651-€9,143€5,830€13,131▲ 125%
Profit (loss) for the period to be appropriated9905€13,806-€23,651-€9,143€5,830€13,131▲ 125%
Line20212022202320242025Change
Assets
Total assets20/58€385,800€615,677€941,987€767,434€674,535▼ 12.1%
Formation expenses20€0€0€0€0€0-
Fixed assets21/28€222,600€458,582€827,850€719,249€617,966▼ 14.1%
Tangible fixed assets22/27€222,600€458,582€827,850€719,249€617,966▼ 14.1%
Land and buildings22€222,600€458,582€827,850€719,249€617,966▼ 14.1%
Plant, machinery and equipment23--€0€0€0-
Current assets29/58€163,200€157,095€114,136€48,185€56,569▲ 17.4%
Amounts receivable within one year40/41€1,000€6,000€10,000€20,918€10,000▼ 52.2%
Trade receivables40---€7,318€0▼ 100%
Other amounts receivable41€1,000€6,000€10,000€13,600€10,000▼ 26.5%
Cash at bank and in hand54/58€152,335€148,121€93,600€27,267€46,569▲ 70.8%
Deferred charges and accrued income490/1€9,865€2,974€10,537€0--
Equity and liabilities
Total equity and liabilities10/49€385,800€615,677€941,987€767,434€674,535▼ 12.1%
Equity10/15€274,798€251,147€242,005€247,835€260,966▲ 5.3%
Contributions10/11€20,000€20,000€22,000€22,000€22,000=
Reserves13€254,798€254,798€252,798€252,798€252,798=
Non-distributable reserves130/1€2,000€2,000€0---
Reserves not available under the articles1311€2,000€2,000€0---
Distributable reserves133€252,798€252,798€252,798€252,798€252,798=
Profit (loss) carried forward14--€23,651-€32,793-€26,963-€13,833▲ 48.7%
Amounts payable17/49€111,002€364,530€699,982€519,599€413,570▼ 20.4%
Amounts payable after more than one year17€24,666€0----
Financial debts170/4€24,666€0----
Amounts payable within one year42/48€86,336€362,288€668,732€466,523€350,000▼ 25.0%
Current portion of amounts payable after more than one year42€37,000€24,666€0---
Trade debts44€0€37,622€18,732€16,523€0▼ 100%
Suppliers440/4€0€37,622€18,732€16,523€0▼ 100%
Taxes, remuneration and social security45€1,381€0----
Taxes450/3€1,381€0----
Other amounts payable47/48€47,956€300,000€650,000€450,000€350,000▼ 22.2%
Accrued charges and deferred income492/3-€2,242€31,250€53,077€63,570▲ 19.8%
Line20212022202320242025Change
Profit (loss) for the period9904€13,806-€23,651-€9,143€5,830€13,131▲ 125%
+ Depreciation and write-downs630€49,856€55,268€91,401€101,283€101,283=
Operating cash flow (approximation)€63,662€31,618€82,259€107,113€114,414▲ 6.8%
Investment in fixed assets (approximation)--€291,250-€460,670€7,318€0▼ 100%
Change in cash--€4,214-€54,521-€66,332€19,302▲ 129%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Back to profitnet €5,830
Net result €5,830 after 2 loss-making years.
22-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
12-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 43 days late
2022
31-12
Financial Weakest financial yearnet -€23,651
Net result drops to -€23,651, the lowest in the series; recovery starts the following year.
27-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Highest result since 2018net €61,133 ▲2.9%
Net result €61,133, the highest in the series.
31-12
Financial Liquidity triplescurrent ratio 2.91
Current ratio from 1.06 to 2.91; short-term debt falls from €428,192 to €51,515.
07-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Equity above €200,000Eq €247,815 ▲31.5%
2 profitable years in a row build equity to €247,815.
Show earlier events
19-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
03-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Liège
exact location from the address register On OpenStreetMap
Ground area
163 m²
Building footprint
36 m²
Parcel 62813F0051/00A000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62813F0051/00A000
ProtectedSite or landscape
Wallonia 163 m² 1 · 36 m² -
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-07-2008
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.