Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
VADEC from Halle, company number BE0428940532, closed financial year 2026 with a result of € -67,984 after tax. For that financial year VADEC recorded a gross margin of € 16,030 and equity of € -189,820. Compared with financial year 2025, the result moved from € -76,066 to € -67,984. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 12, 2026.
€ -189,820
▼ € 67,984 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -67,984
▲ 11 % less loss than in 2025
Profit after tax over the fiscal year.
€ 5,071
▲ 13% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -251,820.
People and assets in 2026
€ 83,963
▼ 2% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 302
▼ 55% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 89,242
Loans from banks and other lenders, long and short.
€ 19,020
▼ 16% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 13,012
▲ 13% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 49,682 | € 22,032 | € 15,553 | € 16,030 | ▲ 3% |
| Profit after taxes | € -19,301 | € -42,610 | € -76,066 | € -67,984 | ▲ € 8,081 |
| Equity | € -3,159 | € -45,770 | € -121,836 | € -189,820 | ▼ € 67,984 |
| Total debts | € 398,225 | € 463,889 | € 547,906 | € 610,498 | ▲ 11% |
| Cash | € 3,652 | € 7,791 | € 4,478 | € 5,071 | ▲ 13% |
| Retained profit | € -65,159 | € -107,770 | € -183,836 | € -251,820 | ▼ € 67,984 |
| Bank debt | € 89,242 | € 89,242 | € 89,242 | € 89,242 | |
| Balance sheet total | € 395,065 | € 418,119 | € 426,071 | € 420,678 | ▼ 1% |
Key figures of VADEC, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to VADEC?
What happened at VADEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Vandoren stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 67,984. Source: NBB ↗
- Paul Vandoren became a director. NBB
- New establishment in Halle. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,301 loss in 2023 to € 67,984 loss in 2026.
Management
Directors
According to the 2026 annual accounts
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Basiliekstraat 66
1500 Halle
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
LEASEWEB-NL-AMS-01 Netherlands, NL
Domain
Domain
vadecshop.com
Registered
2018-07-18
Registrar
Key-Systems GmbH
Expires
2026-07-18
Website info
Features
Security
Details
- Company number
- 0428.940.532
- VAT number
- BE 0428.940.532
- Registered office
- Basiliekstraat 66, 1500 Halle
- Names & denominations
- VADEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 1986
- Peppol
- Active · Active since 26 Dec 2025
- Contact
- vadecshop.com
- Activities · NACE
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