ACTIVE

VADEC

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Financial year 2026 · closed on 31/01/2026

Net result

-68 k €

+10.6% YoY

Gross margin

16 k €

+3.1% YoY

Equity

-189,8 k €

-55.8% YoY

What does VADEC do?

VADEC is a Public limited company incorporated in 1986. Its main activity is: Retail sale of sporting equipment in specialised stores. Its registered office is in Halle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.940.532

Incorporation

30/05/1986

Legal form

Public limited company

Registered office

Basiliekstraat 66
1500 Halle · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/01/2026

Activities (NACE)

47640Retail sale of sporting equipment in specialised stores· main 47650Retail sale of games and toys in specialised stores 52489Warehousing and support activities for transportation

Joint committees (1)

Signals

Healthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	16 k €	+3.1%	15,6 k €	-29.4%	22 k €	-55.7%	49,7 k €	+16.5%	42,6 k €	-38.6%	69,4 k €	+173%	25,4 k €	-39.5%	42 k €	+22.2%	34,4 k €	-36.7%	54,4 k €	+9.8%	49,5 k €	+28.7%	38,5 k €	+0.3%	38,4 k €	+17.7%	32,6 k €	-3.3%	33,7 k €	+4.0%	32,4 k €	-7.0%	34,9 k €	-24.5%	46,2 k €	-17.5%	56 k €	+26.4%	44,3 k €
EBITDA	-69,8 k €	+2.2%	-71,4 k €	-61.1%	-44,3 k €	-143%	-18,2 k €	-193%	-6,2 k €	-143%	14,6 k €	+147%	-31 k €	-695%	5,2 k €	+124%	-21,8 k €	-3503%	-603,9 €	+87.5%	-4,8 k €	-2.7%	-4,7 k €	-135%	13,6 k €	+23.5%	11 k €	+7.3%	10,2 k €	+14.7%	8,9 k €	-27.5%	12,3 k €	-48.8%	24 k €	-29.9%	34,3 k €	+150%	13,7 k €
Operating result	-72,4 k €	+0.4%	-72,7 k €	-75.4%	-41,4 k €	-109%	-19,9 k €	-150%	-7,9 k €	-170%	11,3 k €	+133%	-34,3 k €	-2101%	1,7 k €	+106%	-26,7 k €	-408%	-5,3 k €	+42.5%	-9,1 k €	-27.5%	-7,2 k €	-169%	10,5 k €	+26.8%	8,3 k €	-52.0%	17,2 k €	+195%	5,8 k €	-43.4%	10,3 k €	-3.3%	10,6 k €	-56.1%	24,3 k €	+1014%	2,2 k €
Net result	-68 k €	+10.6%	-76,1 k €	-78.5%	-42,6 k €	-121%	-19,3 k €	-96.2%	-9,8 k €	-204%	9,4 k €	+126%	-35,7 k €	-7656%	-460,6 €	+98.4%	-29 k €	-291%	-7,4 k €	+39.1%	-12,2 k €	-25.8%	-9,7 k €	-256%	6,2 k €	+1.2%	6,1 k €	-35.7%	9,5 k €	+281%	2,5 k €	-58.7%	6,1 k €	-16.9%	7,3 k €	-64.5%	20,5 k €	+805%	-2,9 k €
Balance sheet
Equity	-189,8 k €	-55.8%	-121,8 k €	-166%	-45,8 k €	-1349%	-3,2 k €	-120%	16,1 k €	-37.9%	26 k €	+57.1%	16,5 k €	-68.4%	52,3 k €	-0.9%	52,7 k €	-35.5%	81,7 k €	-8.3%	89,1 k €	-12.0%	101,2 k €	-8.7%	110,9 k €	+0.2%	110,7 k €	+0.1%	110,6 k €	+2.3%	108,1 k €	-2.7%	111,1 k €	+0.1%	111 k €	+7.0%	103,7 k €	+24.6%	83,2 k €
Total assets	420,7 k €	-1.3%	426,1 k €	+1.9%	418,1 k €	+5.8%	395,1 k €	+0.9%	391,5 k €	-4.0%	407,9 k €	+8.2%	377 k €	+5.1%	358,7 k €	+9.8%	326,6 k €	+4.4%	312,7 k €	+15.8%	269,9 k €	+4.5%	258,3 k €	-6.0%	274,9 k €	-0.7%	276,8 k €	-3.0%	285,4 k €	-1.5%	289,8 k €	-2.0%	295,6 k €	-5.6%	313,1 k €	-2.9%	322,4 k €	+6.0%	304,1 k €
Cash	5,1 k €	+13.2%	4,5 k €	-42.5%	7,8 k €	+113%	3,7 k €	-83.1%	21,7 k €	-42.2%	37,5 k €	+1284%	2,7 k €	-77.3%	12 k €	+398%	2,4 k €	-60.7%	6,1 k €	-1.4%	6,2 k €	-76.7%	26,6 k €	-20.9%	33,7 k €	-10.9%	37,8 k €	+129%	16,5 k €	-7.3%	17,8 k €	-29.9%	25,4 k €	-4.3%	26,6 k €	+76.8%	15 k €	+183%	5,3 k €
Debts	610,4 k €	+11.4%	547,9 k €	+19.1%	460,1 k €	+16.6%	394,5 k €	+6.1%	371,7 k €	-1.2%	376,4 k €	+6.1%	354,7 k €	+17.8%	301,1 k €	+12.9%	266,7 k €	+20.8%	220,9 k €	+29.9%	170,1 k €	+13.2%	150,3 k €	-3.6%	155,9 k €	-2.3%	159,7 k €	-5.8%	169,6 k €	-2.6%	174,1 k €	-2.5%	178,5 k €	-9.6%	197,5 k €	-7.7%	214 k €	+20.2%	178 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,4 ETP	0.0%	1,4 ETP	0.0%	1,4 ETP	+27.3%	1,1 ETP	+83.3%	0,6 ETP	0.0%	0,6 ETP	-14.3%	0,7 ETP	-12.5%	0,8 ETP	+14.3%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	-30.0%	1,0 ETP

Governance

Board of directors

Seen on filing of 31/01/2026 · 1 active · 15 ended

Active mandates

Paul Vandoren

Director · since 08 juin 2023 · until 08 juin 2029

Active

Ended mandates

Paul Vandoren

Director · since 08 juin 2023

Ended

Paul Vandoren

Managing director · since 30 juin 2022

Ended

Paul Vandoren

Managing director · since 10 mai 2022 · until 10 mai 2028

Ended

Paul Vandoren

Managing director · since 25 mars 2016 · until 10 mai 2022

Ended

Annual accounts

Full financial information

	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	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/08/2026	31/07/2025	25/07/2024	11/07/2023	13/07/2022	23/07/2021
General meeting	30/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/01/2026	30/06/2026	12/08/2026	Dutch	PDF
Micro model	31/01/2025	30/06/2025	31/07/2025	Dutch	PDF
Micro model	31/01/2024	29/06/2024	25/07/2024	Dutch	PDF
Micro model	31/01/2023	30/06/2023	11/07/2023	Dutch	PDF
Micro model	31/01/2022	30/06/2022	13/07/2022	Dutch	PDF
Micro model	31/01/2021	30/06/2021	23/07/2021	Dutch	PDF
Micro model	31/01/2020	30/06/2020	28/07/2020	Dutch	PDF
Micro model	31/01/2019	30/06/2019	15/07/2019	Dutch	PDF
Abridged model	31/01/2018	30/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/01/2017	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/01/2016	23/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/01/2015	12/05/2015	12/05/2015	Dutch	PDF
Abridged model	31/01/2014	13/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/01/2013	14/05/2013	03/06/2013	Dutch	PDF
Abridged model	31/01/2012	08/05/2012	25/05/2012	Dutch	PDF
Abridged model	31/01/2011	10/05/2011	08/06/2011	Dutch	PDF
Abridged model	31/01/2010	11/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/01/2009	12/05/2009	25/05/2009	Dutch	PDF
Abridged model	31/01/2008	13/05/2008	20/05/2008	Dutch	PDF
Abridged model	31/01/2007	08/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

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.

Governance

Board of directors

Seen on filing of 31/01/2026 · 1 active · 15 ended

Active mandates

Paul Vandoren

Director · since 08 juin 2023 · until 08 juin 2029

Active

Ended mandates

Paul Vandoren

Director · since 08 juin 2023

Ended

Paul Vandoren

Managing director · since 30 juin 2022

Ended

Paul Vandoren

Managing director · since 10 mai 2022 · until 10 mai 2028

Ended

Paul Vandoren

Managing director · since 25 mars 2016 · until 10 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2005
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2003
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2026
Annual accounts 2026-68 k €↑
2025
Annual accounts 2025-76,1 k €↓
2024
Annual accounts 2024-42,6 k €↓
2023
Annual accounts 2023-19,3 k €↓
2022
Annual accounts 2022-9,8 k €↓
2021
Annual accounts 20219,4 k €↑
2020
Annual accounts 2020-35,7 k €↓
2019
Annual accounts 2019-460,6 €↑
2018
Annual accounts 2018-29 k €↓
2017
Annual accounts 2017-7,4 k €↑
2016
Annual accounts 2016-12,2 k €↓
2015
Annual accounts 2015-9,7 k €↓
2014
Annual accounts 20146,2 k €↑
2013
Annual accounts 20136,1 k €↓
2012
Annual accounts 20129,5 k €↑
2011
Annual accounts 20112,5 k €↓
2010
Annual accounts 20106,1 k €↓
2009
Annual accounts 20097,3 k €↓
2008
Annual accounts 200820,5 k €↑
2007
Annual accounts 2007-2,9 k €
30/05/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

VADEC

Overview

What does VADEC do?

Trend over 20 financial years

Board of directors

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