ACTIVE

VADO

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Financial year 2025 · closed on 31/12/2025
Net result
21,6 k €
-79.7% YoY
Gross margin
125,1 k €
+4.1% YoY
Equity
1,5 M €
+1.4% YoY
Workforce
0,0 ETP

What does VADO do?

VADO is a Private limited company incorporated in 1989. Its main activity is: Manufacture of furniture. Its registered office is in Essen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0439.428.014
Incorporation
01/11/1989
Legal form
Private limited company
Registered office
Spijker 34
2910 Essen · FlandreSee on map
Contributed capital
24 789,35 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
31004Manufacture of furniture· main31091Manufacture of other furniture36141Water collection, treatment and supply31002Manufacture of furniture31020Manufacture of kitchen furniture36130Water collection, treatment and supply+3
Joint committees (2)
  • 124
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin125,1 k €120,1 k €142,8 k €130,3 k €74,9 k €107,2 k €115,9 k €248,6 k €95,6 k €200,9 k €155,5 k €194,4 k €248,3 k €185 k €268,9 k €177,8 k €51,5 k €382,6 k €341,6 k €319 k €
EBITDA106,5 k €110,2 k €115,9 k €107,7 k €59,1 k €92,1 k €100,2 k €231,4 k €83,3 k €187,2 k €135,6 k €180,3 k €241,8 k €167,9 k €176,7 k €168,8 k €11 k €184,9 k €145,1 k €136,1 k €
Operating result23,5 k €27,5 k €39,2 k €22,1 k €-22,1 k €11,6 k €26,5 k €143,2 k €19,2 k €114,4 k €39,2 k €101,7 k €135,5 k €104,8 k €123,5 k €115,9 k €1,7 k €116,4 k €108,5 k €96,1 k €
Net result21,6 k €106,2 k €30,8 k €19 k €-18,8 k €8,2 k €25,5 k €119,7 k €14,7 k €76,6 k €15,6 k €70,8 k €99,6 k €79,8 k €91,6 k €92,3 k €-4,5 k €93,2 k €81,5 k €61,6 k €
Balance sheet
Equity1,5 M €1,5 M €1,4 M €1,4 M €1,4 M €1,4 M €1,4 M €1,4 M €1,4 M €1,3 M €1,3 M €1,2 M €1,2 M €1,1 M €997,2 k €905,6 k €813,3 k €817,7 k €724,5 k €643 k €
Total assets1,6 M €1,6 M €1,6 M €1,5 M €1,5 M €1,6 M €1,7 M €1,6 M €1,5 M €1,6 M €1,5 M €1,5 M €1,5 M €1,4 M €1,3 M €1,3 M €1,3 M €1,4 M €1,1 M €1 M €
Cash425,6 k €130,2 k €23,6 k €266,7 k €278,3 k €294,7 k €388 k €323,4 k €322,1 k €392,8 k €1,1 k €17,3 k €1,6 k €97,6 k €79,2 k €184,2 k €5 k €472,2 k €217 k €192,7 k €
Debts23,6 k €64,4 k €118,6 k €45,8 k €64 k €15,8 k €116,9 k €68,8 k €58,5 k €144,8 k €101,8 k €172,4 k €159,5 k €144,3 k €161,5 k €345,6 k €426,5 k €483,6 k €271,5 k €297,2 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP––––––––––––––4,5 ETP4,8 ETP4,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Anita De Groof

Director · since 31 décembre 2023

Active
George Vandoren

Director · since 31 décembre 2023

Active

Ended mandates

George VANDOREN

Director · since 11 janvier 1990

Ended
Anita DE GROOF

Manager

Ended
Anita DE GROOF ANITA

Director

Ended
Anita DE GROOF ANITA

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202618/08/202527/06/202431/08/202328/06/202220/07/2021
General meeting29/06/202630/06/202524/06/202426/06/202327/06/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/06/202614/07/2026DutchPDF
Abridged model31/12/202430/06/202518/08/2025DutchPDF
Abridged model31/12/202324/06/202427/06/2024DutchPDF
Micro model31/12/202226/06/202331/08/2023DutchPDF
Micro model31/12/202127/06/202228/06/2022DutchPDF
Micro model31/12/202028/06/202120/07/2021DutchPDF
Micro model31/12/201929/06/202021/09/2020DutchPDF
Micro model31/12/201824/06/201929/08/2019DutchPDF
Micro model31/12/201725/06/201802/07/2018DutchPDF
Micro model31/12/201626/06/201708/08/2017DutchPDF
Abridged model31/12/201527/06/201616/08/2016DutchPDF
Abridged model31/12/201429/06/201528/08/2015DutchPDF
Abridged model31/12/201330/06/201428/08/2014DutchPDF
Abridged model31/12/201224/06/201328/08/2013DutchPDF
Abridged model31/12/201125/06/201221/08/2012DutchPDF
Abridged model31/12/201027/06/201105/07/2011DutchPDF
Abridged model31/12/200926/07/201026/08/2010DutchPDF
Abridged model31/12/200827/07/200931/08/2009DutchPDF
Abridged model31/12/200731/07/200829/08/2008DutchPDF
Abridged modelCorrection31/12/200625/06/200731/08/2007DutchPDF
Abridged model31/12/200625/06/200723/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 31/12/2025 · 2 active · 6 ended

Active mandates

Anita De Groof

Director · since 31 décembre 2023

Active
George Vandoren

Director · since 31 décembre 2023

Active

Ended mandates

George VANDOREN

Director · since 11 janvier 1990

Ended
Anita DE GROOF

Manager

Ended
Anita DE GROOF ANITA

Director

Ended
Anita DE GROOF ANITA

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring06/08/2024
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring01/02/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office13/03/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares05/10/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 202521,6 k €↓
  2. 2024
    Annual accounts 2024106,2 k €↑
  3. 2023
    Annual accounts 202330,8 k €↑
  4. 2022
    Annual accounts 202219 k €↑
  5. 2021
    Annual accounts 2021-18,8 k €↓
  6. 2020
    Annual accounts 20208,2 k €↓
  7. 2019
    Annual accounts 201925,5 k €↓
  8. 2018
    Annual accounts 2018119,7 k €↑
  9. 2017
    Annual accounts 201714,7 k €↓
  10. 2016
    Annual accounts 201676,6 k €↑
  11. 2015
    Annual accounts 201515,6 k €↓
  12. 2014
    Annual accounts 201470,8 k €↓
  13. 2013
    Annual accounts 201399,6 k €↑
  14. 2012
    Annual accounts 201279,8 k €↓
  15. 2011
    Annual accounts 201191,6 k €↓
  16. 2010
    Annual accounts 201092,3 k €↑
  17. 2009
    Annual accounts 2009-4,5 k €↓
  18. 2008
    Annual accounts 200893,2 k €↑
  19. 2007
    Annual accounts 200781,5 k €↑
  20. 2006
    Annual accounts 200661,6 k €
  21. 01/11/1989
    IncorporationPrivate limited company