ACTIVE

VADELS

Financial year 2026 · Closed on 31/03/2026

Net result2,7 k €-48,2 %over 1 year

Gross margin55,9 k €+22,0 %over 1 year

Equity662,4 k €+0,4 %over 1 year

Identity

Source · BCE/KBO

VADELS is a Private limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ganshoren.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0425.166.242
Incorporation: 29/12/1983
Legal form: Private limited company
Registered office: Place de la Reine Paola 11 box 6
1083 Ganshoren · BruxellesSee on map
Contributed capital: 483 938,27 €
Latest accounts: 31/03/2026

Activities (NACE)

68203Rental and operating of own or leased real estate· main

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	55,9 k €	+22.0%	45,8 k €	+17.0%	39,2 k €	-4.9%	41,2 k €	+7.3%	38,4 k €
EBITDA	47 k €	+26.4%	37,2 k €	+24.3%	29,9 k €	-13.9%	34,8 k €	+8.0%	32,2 k €
Operating result	30,1 k €	-4.7%	31,5 k €	+30.0%	24,3 k €	+126%	10,7 k €	-64.3%	30,1 k €
Net result	2,7 k €	-48.2%	5,2 k €	+364%	-2 k €	+87.4%	-15,7 k €	-702%	2,6 k €
Balance sheet
Equity	662,4 k €	+0.4%	659,7 k €	+0.8%	654,5 k €	-0.3%	656,5 k €	-2.3%	672,1 k €
Total assets	1,1 M €	+1.0%	1,1 M €	+1.4%	1,1 M €	-0.3%	1,1 M €	-2.1%	1,1 M €
Cash	76,6 k €	+34.6%	56,9 k €	-16.1%	67,9 k €	-3.8%	70,6 k €	-19.7%	87,9 k €
Debts	372,6 k €	+2.5%	363,4 k €	+2.9%	353 k €	+0.0%	352,9 k €	-1.7%	359 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eline Serruys	Directorsince 08/04/2023
Catherine Elpers	DirectorManager11/09/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Niki Serruys	Manager11/09/2015 → 2019 accounts
E. Bisenius	Director2013 accounts
N Serruys	Managing director2013 accounts

Other companies at this address

Place de la Reine Paola 11 1083 Ganshoren

Company	CBE no.
AMBELIN HOLDINGS● Active	0811.178.534
ELDECO● Active	0882.892.614
GOWAN BELGIUM● Active	0653.860.865
GREENSQUARE● Active	0677.939.136

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2026	29/10/2025	23/10/2024	23/10/2023	27/10/2022	17/11/2021
General meeting	11/09/2026	12/09/2025	06/09/2024	08/09/2023	09/09/2022	10/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	11/09/2026	27/10/2026	Dutch	PDF
Micro model	31/03/2025	12/09/2025	29/10/2025	Dutch	PDF
Micro model	31/03/2024	06/09/2024	23/10/2024	Dutch	PDF
Micro model	31/03/2023	08/09/2023	23/10/2023	Dutch	PDF
Micro model	31/03/2022	09/09/2022	27/10/2022	Dutch	PDF
Micro model	31/03/2021	10/09/2021	17/11/2021	Dutch	PDF
Micro model	31/03/2020	11/09/2020	19/11/2020	Dutch	PDF
Micro model	31/03/2019	13/09/2019	28/10/2019	Dutch	PDF
Micro model	31/03/2018	14/09/2018	29/10/2018	Dutch	PDF
Micro model	31/03/2017	08/09/2017	25/10/2017	Dutch	PDF
Abridged model	31/03/2016	09/09/2016	11/10/2016	Dutch	PDF
Abridged model	31/03/2015	11/09/2015	22/10/2015	Dutch	PDF
Abridged model	31/03/2014	12/09/2014	24/10/2014	Dutch	PDF
Abridged model	31/03/2013	13/09/2013	17/10/2013	Dutch	PDF
Abridged model	31/03/2012	14/09/2012	13/11/2012	Dutch	PDF
Abridged model	31/03/2011	09/09/2011	26/10/2011	Dutch	PDF
Abridged model	31/03/2010	10/09/2010	19/10/2010	Dutch	PDF
Abridged model	31/03/2009	02/10/2009	16/11/2009	Dutch	PDF
Abridged model	31/03/2008	16/09/2008	25/09/2008	Dutch	PDF
Abridged model	31/03/2007	27/09/2007	28/09/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Eline Serruys	Directorsince 08/04/2023
Catherine Elpers	DirectorManager11/09/2015 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Niki Serruys	Manager11/09/2015 → 2019 accounts
E. Bisenius	Director2013 accounts
N Serruys	Managing director2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2023
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Registered office01/03/2016
Verplaatsing maatschappelijke zetel
PDF
Mandates25/11/2015
Benoeming zaakvoerder
PDF
Other16/04/2014
Statutenwijziging
PDF
Mandates10/04/2009
HERBENOEMING BESTUURDERS
PDF
Mandates08/12/2006
BENOEMING EN ONTSLAG BESTUURDER
PDF
Mandates11/02/2005
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Catherine Elpers

Eline Serruys

Niki Serruys

N. SERRUYS

E. Bisenius

N Serruys

R. Wentein

R Wentein

Rainer Wentein

19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

VADELS

Place de la Reine Paola 11 bte 6, 1083 Ganshoren

DirectorManager

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Place de la Reine Paola 11 bte 6, 1083 GanshorenCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00569456

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VADELSCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00569456

Events

2026
Annual accounts 20262,7 k €↓
2025
Annual accounts 20255,2 k €↑
2024
Annual accounts 2024-2 k €↑
2023
Annual accounts 2023-15,7 k €↓
2022
Annual accounts 20222,6 k €↓
2021
Annual accounts 20219,4 k €↑
2020
Annual accounts 2020-13,6 k €↓
2019
Annual accounts 201988,4 k €↑
2018
Annual accounts 20183,4 k €↓
2017
Annual accounts 20179,2 k €↓
2016
Annual accounts 201611,2 k €↓
2015
Annual accounts 201519,2 k €↓
2014
Annual accounts 201421,4 k €↑
2013
Annual accounts 201320,9 k €↑
2012
Annual accounts 201220,5 k €↓
2011
Annual accounts 201123,4 k €↓
2010
Annual accounts 201027,7 k €↑
2009
Annual accounts 200925,5 k €↑
2008
Annual accounts 200824,1 k €↓
2007
Annual accounts 200725,8 k €
29/12/1983
IncorporationPrivate limited company

VADELS

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events