VEDORA
ActiveVEDORA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-339k) and a net result of €-166k. Equity is shrinking by ~50.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-3
Solvency5▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.9 in 2024; short-term debt: 1.2% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
-20.3%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-339k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
21 d early
2023
7 d early
2022
70 d late
2021
25 d late
2020
19 d late
2019
24 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-339k▼ 95.5%
2024 · €-173k
2018: €606k
2019: €472k
2020: €342k
2021: €173k
2022: €129k
2023: €-43k
2024: €-173k
2018 → 2025
Total assets
€1.67M▼ 4.9%
2024 · €1.76M
2018: €1.51M
2019: €1.50M
2020: €1.35M
2021: €1.46M
2022: €1.63M
2023: €1.68M
2024: €1.76M
2018 → 2025
Net result
€-166k▼ 27.3%
2024 · €-130k
2018: €-165k
2019: €-173k
2020: €-171k
2021: €-169k
2022: €-44k
2023: €-172k
2024: €-130k
2018 → 2025
Working capital
€-15k▼ 674%
2024 · €-2k
2018: €-462k
2019: €-606k
2020: €-709k
2021: €-1.02M
2022: €-1.36M
2023: €-22k
2024: €-2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€129k▼ 25.4%€-43k€-173k▼ 300%€-339k▼ 95.5%
Operating result€-171k-€-139k▲ 18.6%€-177k▼ 27.1%€-125k▲ 29.3%€-161k▼ 28.9%
Net result€-169k-€-44k▲ 73.9%€-172k▼ 292%€-130k▲ 24.6%€-166k▼ 27.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €161k in 2025 against €125k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€1.66M▼ 4.2%
Current assets
€6k▼ 68.5%
Key figures and ratios
EBITDA
€-47k▼
2024 · €-30k
Cash flow
€-52k▼
2024 · €-35k
Solvency
-20.3%▼
2024 · -9.9%
Current ratio
0.27▼
2024 · 0.90
Quick ratio
0.27▼
2024 · 0.90
Debt / equity
-5.62▲
2024 · -10.53
ROA
-9.9%▼
2024 · -7.4%
Interest coverage
-10.57▼
2024 · -5.91
Debt
€1.91M▲
2024 · €1.83M
Debt ≤ 1 year
€21k▲
2024 · €20k
Debt > 1 year
€1.84M▲
2024 · €1.77M
Staff costs
€35k▼
2024 · €36k
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€1.76M€1.67M▼
Fixed assets21/28€1.74M€1.66M▼
Tangible fixed assets22/27€1.74M€1.66M▼
Land and buildings22€1.17M€1.13M▼
Furniture and vehicles24€23k€18k▼
Other tangible fixed assets26€539k€512k▼
Current assets29/58€18k€6k▼
Cash at bank and in hand54/58€3k€790▼
Deferred charges and accrued income490/1€15k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.67M▼
Equity10/15€-173k€-339k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€332k€332k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€326k€326k=
Profit (loss) carried forward14€-568k€-733k▼
Provisions and deferred taxes16€103k€103k=
Deferred taxes168€103k€103k=
Amounts payable17/49€1.83M€1.91M▲
Amounts payable after more than one year17€1.77M€1.84M▲
Other amounts payable178/9€1.77M€1.84M▲
Amounts payable within one year42/48€20k€21k▲
Trade debts44€11k€10k▼
Suppliers440/4€11k€10k▼
Taxes, remuneration and social security45€9k€9k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€35k€40k▲
Income statement
Code20242025
Remuneration, social security and pensions62€36k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€114k▲
Other operating charges640/8€11k€24k▲
Gross operating margin9900€16k€12k▼
Operating profit (loss)9901€-125k€-161k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-130k€-166k▼
Profit (loss) for the period9904€-130k€-166k▼
Profit (loss) for the period to be appropriated9905€-130k€-166k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-568k€-733k▼
Profit (loss) brought forward from the previous period14P€-438k€-568k▼
The notes to these accounts (4 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-173k
Net result drops to €-173k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
11-05
State Gazette act
General meeting · Director resignation
Permanent representative
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
16-02
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2012
14-08
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Malle · 1 establishment unit since 1993
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.
Oude Baan 922390 MalleGround area
6,123 m²
Building footprint
331 m²
Volume, LiDAR
2,138 m³
Parcel 11049C0120/00Z008, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VEDORA
since 19932.060.900.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0120/00Z008 | Flanders | 6,123 m² | 1 · 331 m² | 10.6 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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Ownership & control
1 partyVEDORABE 0449.079.712
controls
Where this company holds controlthis company sits on their board1
12 locations
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,430 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-1992
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.