Financials
- Fiscal year
- 2024
- Total assets
- €5.8m
- Profit
- €873,448
- Solvency
- 85.8%
Total assets▲ 6.1%
Net result
20182024
VLADO
ActiveSummary
VLADO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.0m and a net result of €873,448. Equity is growing by ~20.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Joinery installation
NACE 43320NACE 45422
#7 company by equity in Aalter, Construction sector1 site
Size
€5.8mtotal assets 2024
- Staff
- 13.5 FTE
- Equity
- €5.0m
- Profit
- €873,448
Structure
Accounts on time2 of 9 deeds read
Why 99- Figures for FY 2024 (filed 01-07-2025)+ Liquidity: current ratio 6.02, cash €1.7m+ Founded in 1988+ Equity €5.0m (85.8% of total assets)Show the evidence
Checked score
Score 2024
99
/ 100
Excellent
Probability in this band: under 0.55%
Better than 88% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
100=
equity 85.8% of total assets
Liquidity
84+18
short-term debt 13.8% · cash 28.9%
Profitability
88+12
return on assets 15.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● 0.0% vs 11-2024lowest value
01-2025: < 0.1%● 0.0% vs 12-2024lowest value
02-2025: < 0.1%● 0.0% vs 01-2025lowest value
03-2025: < 0.1%▲ +2.9% vs 02-2025
04-2025: < 0.1%▲ +2.9% vs 03-2025
05-2025: < 0.1%● 0.0% vs 04-2025
06-2025: < 0.1%▲ +5.6% vs 05-2025
07-2025: < 0.1%▲ +26.3% vs 06-2025
08-2025: < 0.1%▼ -29.2% vs 07-2025lowest value
09-2025: < 0.1%● 0.0% vs 08-2025lowest value
10-2025: < 0.1%● 0.0% vs 09-2025lowest value
11-2025: < 0.1%● 0.0% vs 10-2025lowest value
12-2025: < 0.1%● 0.0% vs 11-2025lowest value
01-2026: < 0.1%● 0.0% vs 12-2025lowest value
02-2026: < 0.1%● 0.0% vs 01-2026lowest value
03-2026: < 0.1%● 0.0% vs 02-2026lowest value
04-2026: < 0.1%● 0.0% vs 03-2026lowest value
05-2026: < 0.1%▲ +2.9% vs 04-2026
06-2026: < 0.1%● 0.0% vs 05-2026
07-2026: < 0.1%▲ +5.7% vs 06-2026
08-2026: < 0.1%▲ +8.1% vs 07-2026
09-2026: 0.1%▲ +25.0% vs 08-2026
10-2026: 0.1%▲ +6.0% vs 09-2026highest value
- Liquidity: current ratio 6.02, cash €1.7m lowers the probability
- Founded in 1988 lowers the probability for this profile
- Figures for FY 2024 (filed 01-07-2025) raises the probability
- Equity €5.0m (85.8% of total assets) lowers the probability
Credit up to €490,000 at 30 days acceptable
Liquidity ample (current ratio 6.02 against 3.74 in 2023; short-term debt: 13.8% and cash: 28.9% of total assets), and 14.2% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 95%, liquidity 94%, profitability 86%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 30-06-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
4 d early
2022
on the day
2021
on the day
2020
20 d early
2019
23 d late
← 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 on the deadline day; 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 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today30-11-2026 close30-06-2027 deadline
- Capital & shares · Statutes amendment…Resignation: VAN DEN BERGHE Gerrit…
- Annual accounts filedfiscal year 2025 · full…
- RestructuringAppointment: VAN DEN BERGHE Gerrit…
Key points
- Positive: Result rose in 2024from €303,828 to €873,448 ▲ 187% View
- Positive: Company by equity in Aalter, Construction sectorin the Checked rankings #7 View
- Restructuring with VLADO BASErestructuring on 01-12-2025 2025 View
- Positive: 7 profitable years in a rowprofit 2024: €873,448 7 years View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- A director leftlatest change 13-07-2026 · 0 in office 1 left View
By topic
Network & group
- Connected companies
- 1
- Mergers and contributions
- 1
Timeline
- Events
- 14
- Since
- 2018
- Next accounts
- by 30-06-2027
- 13-07-2026Capital & shares · Statutes amendment ·…
- 30-06-2026Annual accounts filed
- 22-05-2026Restructuring
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 09-06-1988
- Year ends
- 30-11
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 26
- Annual meeting
- Last Friday of May at 08:00
- Purpose
- Alle aannemingen, vervaardigen en constructies van schrijnwerkerij in hout of aluminium of…
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