Active BE 0806.732.865Private limited company

VLADI

Bist 106 ·2180 Antwerpen, Belgium· 17 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

VLADI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-9k
Net result	€-18k
Better than sector	8%
Active	17 yrs

Financial profile 5 of 5 axes measured · computed by Checked

56 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 39

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.3% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

86 2022

12 2023

81 2024

7 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.76 (< 1.0) -10

Quick ratio Quick ratio 0.52 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 206% (≥ 10%) +10

Interest coverage Interest coverage -40.9× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview17 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-26.9%	43.8%	better than 8% of 7039 sector peers
Net result	€-18k	€8k	better than 9% of 7033 sector peers
Equity	€-9k	€49k	better than 9% of 7044 sector peers
Gross operating margin	€-18k	€32k	better than 5% of 7029 sector peers
Total assets	€33k	€130k	better than 14% of 7039 sector peers

EBITDA

€-18k

- 22-25

Net profit

€-18k

- 22-25

Cash flow

€-18k

- 22-25

Total assets

€33k

+2.6% 22-25

Equity

€-9k

- 22-25

Working capital

€-10k

- 22-25

Income taxes

€121

- 22-25

Debt

€42k

+84.5% 22-25

Debt ≤ 1y

€42k

+84.5% 22-25

Current ratio

0.76

-43.5% 22-25

Quick ratio

0.52

-42.4% 22-25

Solvency

-26.9%

- 22-25

Debt / equity

-4.71

- 22-25

ROE

206.5%

+81.6% 22-25

ROA

-55.6%

- 22-25

Interest coverage

-40.91

- 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-
EBITDA	€-18k	€12k	€-27k	€10k
Net profit	€-18k	€11k	€-30k	€3k
Cash flow	€-18k	€12k	€-28k	€10k
Staff costs	-	-	-	-
Income taxes	-	€121	-	-
Dividends	-	-	-	-
Total assets	€33k	€32k	€39k	€44k
Equity	€-9k	€10k	€-1k	€29k
Debt	€42k	€23k	€41k	€15k
of which ≤ 1y	€42k	€23k	€41k	€15k
of which > 1y	-	-	-	-
Working capital	€-10k	€8k	€-4k	€27k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	0.76	1.34	0.90	2.88
Quick ratio	0.52	0.91	0.90	2.88
Working capital ratio	-30.9%	24.0%	-9.8%	62.6%
Solvency	-26.9%	29.4%	-3.3%	66.7%
Debt / equity	-4.71	2.40	-31.20	0.50
Long-term debt ratio	-	-	-	-
Interest coverage	-40.91	43.48	-154.60	32.42
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-55.6%	33.4%	-77.2%	5.8%
ROE	206.5%	113.7%	2330.3%	8.7%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1k · 3.9% Current assets €32k · 96.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€33k	€32k	€39k	€44k
Fixed assets	21/28	€1k	€2k	€3k	€2k
Formation expenses	20	€0	€0	€0	€0
Tangible fixed assets	22/27	€1k	€2k	€3k	€2k
Current assets	29/58	€32k	€31k	€37k	€42k
Stocks & contracts in progress	3	€10k	€10k	-	-
Amounts receivable within one year	40/41	€22k	€13k	€37k	€7k
Cash & bank	54/58	€240	€7k	€84	€34k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€33k	€32k	€39k	€44k
Equity	10/15	€-9k	€10k	€-1k	€29k
Contributions / capital	10/11	€12k	€12k	€12k	€12k
Reserves	13	€34k	€34k	€34k	€34k
Accumulated profits (losses)	14	€-55k	€-36k	€-47k	€-17k
Amounts payable	17/49	€42k	€23k	€41k	€15k
Amounts payable within one year	42/48	€42k	€23k	€41k	€15k
Trade debts payable within one year	44	€33k	€7k	€27k	€8k
Income statement
Gross operating margin	9900	€-18k	€13k	€-26k	€11k
Operating result	9901	€-18k	€11k	€-30k	€3k
Financial income	75	€410	€0	€0	€0
Financial charges	65	€440	€276	€177	€305
Result before taxes	9903	€-18k	€11k	€-30k	€3k
Income taxes	67/77	-	€121	-	-
Net result for the period	9904	€-18k	€11k	€-30k	€3k
Result to be appropriated	9905	€-18k	€11k	€-30k	€3k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	01-10-2008
Status	Active
Postal code	2180

Establishment units 1 location

VLADI

Guido Gezellelaan 136, 2640 MortselConstruction of utility projects for electricity and telecommunications

since 20092.190.480.427

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11364F0002/00D004	Flanders	368 m²	1 · 145 m²	10.3 m · 2 fl.
11029A0075/00V004	Flanders	162 m²	1 · 115 m²	10.1 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

08-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

06-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 310 days late

06-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 676 days late

2024

31-12

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

2023

31-12

Financial Weakest financial yearnet €-30k ▼1305%

Net result drops to €-30k, the lowest in the series; recovery starts the following year.

18-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 352 days late

2021

09-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 40 days late

2020

09-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 101 days late

2019

28-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001

Names & trade names

Legal nameNL

VLADI

Similar companies Comparable size · 15,472 of 29,664 companies in this sector with filed accounts

BATI BELGIUM GROUP BE 0804.166.523 · Brussel

CONCEPT ONE BE 0793.260.357 · Aalst

BOUW PRO TECH BE 1000.123.349 · Asse

C.C. GROUP CONSTRUCT BE 0773.518.382 · Lennik

DACO - ALGEMENE BOUWWERKEN BE 0454.363.836 · Ninove