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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VADECO from Maarkedal, company number BE0466460528, closed financial year 2025 with a result of € -88,101 after tax. For that financial year VADECO recorded a gross margin of € 10,693 and equity of € 304,041. Compared with financial year 2024, the result moved from € -678,059 to € -88,101. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 304,041
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -88,101
▲ 87 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,598
▲ € 5,982 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -695,959.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 28,295
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 178,267
▼ 8% vs 2024
€ 18,870 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 35,283
▲ 100% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,626
▲ 207% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,846 | € 65,907 | € 46,713 | € 10,693 | ▼ 77% |
| Profit after taxes | € 231 | € 15,278 | € -678,059 | € -88,101 | ▲ € 589,958 |
| Equity | € 54,920 | € 70,199 | € 392,142 | € 304,041 | ▼ 22% |
| Total debts | € 267,827 | € 867,120 | € 831,283 | € 842,174 | ▲ 1% |
| Cash | € 840 | € 2,821 | € 1,616 | € 7,598 | ▲ € 5,982 |
| Land & buildings | € 239,315 | € 203,034 | € 1,166,753 | € 1,089,551 | ▼ 7% |
| Retained profit | € 9,920 | € 25,199 | € -652,858 | € -695,959 | ▼ € 43,101 |
| Bank debt | € 169,230 | € 210,506 | € 193,941 | € 178,267 | ▼ 8% |
| Balance sheet total | € 322,747 | € 937,319 | € 1,223,425 | € 1,146,214 | ▼ 6% |
Key figures of VADECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to VADECO?
What happened at VADECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 88,101. Source: NBB ↗
- Philippe Vaeremans became a director. NBB
- Nathalie De Nil became a director. NBB
- New establishment in Maarkedal. KBO
- Start of the company according to the CBE. KBO
In short
From € 231 profit in 2022 to € 88,101 loss in 2025.
Paid € 4,088 in corporate taxes since 2022.
Best year ever: 2023, with € 15,278 profit.
Management
Behind VADECO are Philippe Vaeremans and Nathalie De Nil. It owns 100% of Maison Adeline BV itself.
Directors
According to the 2025 annual accounts
since 2016
since 2016
Establishments
Establishment units
Physical locations of this company
Spichtenberg 6
9681 Maarkedal
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.460.528
- VAT number
- BE 0466.460.528
- Registered office
- Spichtenberg 6, 9681 Maarkedal
- Names & denominations
- VADECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 1999
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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