Vadofin
Vadofin has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272k and a net result of €77k. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €272k |
| Net result | €77k |
| Better than sector | 45% |
| Active | 22 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 36.0% | 42.6% | |
| Net result | €77k | €6k | |
| Equity | €272k | €60k | |
| Gross operating margin | €122k | €29k | |
| Total assets | €754k | €175k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €114k | €77k | €38k | €70k |
| Net profit | €77k | €54k | €25k | €45k |
| Cash flow | €89k | €67k | €38k | €57k |
| Staff costs | - | - | - | - |
| Income taxes | €35k | €23k | €13k | €21k |
| Dividends | €175k | €30k | €100k | - |
| Total assets | €754k | €713k | €771k | €786k |
| Equity | €272k | €369k | €345k | €420k |
| Debt | €477k | €339k | €420k | €360k |
| of which ≤ 1y | €277k | €217k | €277k | €95k |
| of which > 1y | €199k | €122k | €143k | €264k |
| Working capital | €264k | €272k | €257k | €441k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.95 | 2.26 | 1.93 | 5.63 |
| Quick ratio | 1.95 | 2.26 | 1.93 | 5.63 |
| Working capital ratio | 35.0% | 38.1% | 33.3% | 56.2% |
| Solvency | 36.0% | 51.8% | 44.7% | 53.4% |
| Debt / equity | 1.76 | 0.92 | 1.22 | 0.86 |
| Long-term debt ratio | 0.73 | 0.33 | 0.41 | 0.63 |
| Interest coverage | 8.97 | 7.29 | 3.30 | 5.20 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 10.2% | 7.6% | 3.3% | 5.7% |
| ROE | 28.4% | 14.7% | 7.3% | 10.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €754k | €713k | €771k | €786k |
| Fixed assets | 21/28 | €213k | €225k | €237k | €249k |
| Tangible fixed assets | 22/27 | €213k | €225k | €237k | €249k |
| Current assets | 29/58 | €541k | €489k | €534k | €537k |
| Amounts receivable within one year | 40/41 | €428k | €408k | €444k | €378k |
| Investments | 50/53 | €67k | €67k | €74k | €74k |
| Cash & bank | 54/58 | €42k | €10k | €14k | €80k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €754k | €713k | €771k | €786k |
| Equity | 10/15 | €272k | €369k | €345k | €420k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €262k | €360k | €336k | €412k |
| Accumulated profits (losses) | 14 | €4k | €3k | €3k | €2k |
| Provisions & deferred taxes | 16 | €5k | €6k | €6k | €6k |
| Amounts payable | 17/49 | €477k | €339k | €420k | €360k |
| Amounts payable after one year | 17 | €199k | €122k | €143k | €264k |
| Amounts payable within one year | 42/48 | €277k | €217k | €277k | €95k |
| Trade debts payable within one year | 44 | €6k | €5k | €5k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €122k | €78k | €39k | €73k |
| Operating result | 9901 | €102k | €64k | €25k | €58k |
| Financial income | 75 | €23k | €24k | €25k | €22k |
| Financial charges | 65 | €13k | €11k | €11k | €13k |
| Result before taxes | 9903 | €112k | €78k | €38k | €66k |
| Income taxes | 67/77 | €35k | €23k | €13k | €21k |
| Net result for the period | 9904 | €77k | €54k | €25k | €45k |
| Result to be appropriated | 9905 | €78k | €55k | €26k | €46k |
-
Matthys GaëtaneNon-statutory directorState Gazette act 24347310 (30-01-2024)Current30-01-2024 → present
-
Van Doorsselaer GiovaniDirectorState Gazette act 24347310 (30-01-2024)Current30-01-2024 → present
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 02-03-2004 |
| Status | Active |
| Postal code | 9250 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1006/00H000 | Flanders | 1,374 m² | 1 · 198 m² | 22.3 m · 4 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
30-01-2024 2 directors appointed
- Van Doorsselaer Giovani, Bestuurder
- Matthys Gaëtane, Niet-statutair bestuurder
Technical details
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"events": [
{
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"role": "bestuurder",
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"name": "Van Doorsselaer Giovani",
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},
"reason": null,
"subkind": "renewal",
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"statutory": "statutair",
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"evidence_quote": "De algemene vergadering besluit het mandaat van de huidige statutaire zaakvoerder, hierna vermeld, te herbevestigen als statutair bestuurder voor een onbepaalde duur: \u2022 De heer Van Doorsselaer Giovani, voornoemd, hier niet aanwezig.",
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},
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},
{
"kind": "director_in",
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},
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"evidence_quote": "De algemene vergadering besluit het mandaat van de huidige zaakvoerder, hierna vermeld, te herbevestigen als niet-statutair bestuurder voor een onbepaalde duur: \u2022 Mevrouw Matthys Ga\u00EBtane, voornoemd, hier niet aanwezig.",
"decharge_status": null,
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},
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}
],
"notary": {
"name": "Niek Van der Straeten",
"firm_city": null,
"firm_name": null,
"office_city": "Destelbergen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-30",
"filing_date": "2024-01-26",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-01-22",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0863.759.957",
"name_full": "Vadofin",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Niek Van der Straeten",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"expeditie procesverbaal",
"co\u00F6rdinatie der statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | Vadofin |