Financials
- Financial year
- 2025
- Total assets
- €27,416
- Profit
- €63,177
- Solvency
- -441.8%
Total assets▲ 28.0%
Net result
20192025
VADAK
ActiveSummary
VADAK has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€121,112) and a net result of €63,177. Equity is shrinking by about 29% per year across the filed financial years. Its solvency ranks better than 5% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Joinery installation
NACE 43320
1 site
Size
€27,416total assets 2025
- Equity
- -€121,112
- Profit
- €63,177
Turnover not published (micro format)
Why 55raises riskCapped at 59: negative equityFigures for financial year 2025 (filed 31-10-2025)Negative equity -€121,112lowers riskSize: total assets €27,416Founded in 2014Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 44% of its sector peers (NACE 43, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -441.8% of total assets
Liquidity
8-7
short-term debt 541.8% · cash 6.0%
Profitability
100+100
return on assets 230.4%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.9%
12-2024: 2.2%▲ +0.3 percentage points vs 11-2024highest value
01-2025: 2.1%▼ -0.1 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 2.0%▼ -0.1 percentage points vs 05-2025
07-2025: 2.0%● unchanged vs 06-2025
08-2025: 1.9%▼ -0.1 percentage points vs 07-2025
09-2025: 1.9%● unchanged vs 08-2025
10-2025: 2.0%▲ +0.1 percentage points vs 09-2025
11-2025: 1.0%▼ -1.0 percentage point vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 0.9%▼ -0.1 percentage points vs 02-2026
04-2026: 0.7%▼ -0.2 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 1.1%▲ +0.4 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.04, compared with 0.04 in 2024, below 1; short-term debt: 541.8% and cash: 6% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 3% on solvency, 5% on liquidity, 92% on profitability and 77% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 34718 sector peers (2025).
NBB · sector comparisonPosition among 34718 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 days late
2023
30 days late
2022
14 days late
2021
6 days early
2020
36 days early
2019
2 days early
← 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 4 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 14 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end27-10-2026 today31-10-2026 deadline
- Resignation: VAN DESSEL Iwan (director and…Appointment: VAN DESSEL Iwan (director)…
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €63,177
Key points
By topic
Board & ownership
- Board
- 1 member
- VAN DESSEL IwanDirector
Timeline
- Events
- 13
- Since
- 2016
- Next accounts
- by 31-10-2026
- 27-11-2024Annual accounts filed
- 30-11-2023Annual accounts filed
- 14-11-2022Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Joinery installationNACE 43320
- Founded
- 09-07-2014
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 30
- Who signs
- Each director alone
- Annual meeting
- First Thursday of September at 20:00
- Purpose
- “De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende…” (deed in Dutch)
Key facts about VADAK
- What is the company number of VADAK?
- 0555.918.480. In Belgium the VAT number is the company number with BE in front: BE 0555.918.480.
- Where is VADAK based?
- The registered office is at Gallicstraat 15, 3300 Tienen.Company details
- What does VADAK do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of VADAK?
- Private limited company (BV).
- When was VADAK founded?
- On 09-07-2014.
- Is VADAK still active?
- Yes, VADAK is an active enterprise in the KBO register.
- How many employees does VADAK have?
- On average 0.1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of VADAK?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is VADAK profitable?
- In financial year 2025, VADAK made a profit of €63,177.
- Where can I find the annual accounts of VADAK?
- VADAK filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VADAK due?
- By 31-10-2026, for financial year 2026.Timeline
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