ACTIVE

VAD

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Financial year 2024 · closed on 31/12/2024

Net result

-4,9 k €

+33.3% YoY

Equity

1,4 M €

-0.3% YoY

What does VAD do?

VAD is a Private company with limited liability incorporated in 1993. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.856.889

Incorporation

01/09/1993

Legal form

Private company with limited liability

Registered office

Noorderlaan 133
2030 Antwerpen · FlandreSee on map

Contributed capital

258 727,00 €

Latest accounts

31/12/2024

Joint committees (2)

Signals

Good liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	–		–		-351 €	+88.7%	-3,1 k €	+89.4%	-29,5 k €	-238%	-8,7 k €	+57.4%	-20,5 k €	+80.2%	-103,6 k €	+61.9%	-271,8 k €	-84.1%	-147,6 k €	+24.3%	-194,9 k €	+30.3%	-279,6 k €	+20.8%	-352,8 k €	-300%	176,5 k €	+150%	-353,8 k €	-109%	4 M €	-3.1%	4,2 M €	+7.5%	3,9 M €
EBITDA	–		–		-351 €	+92.6%	-4,7 k €	+86.5%	-35,2 k €	+66.4%	-104,8 k €	-52.2%	-68,8 k €	+60.1%	-172,4 k €	+54.5%	-378,5 k €	-51.3%	-250,2 k €	+14.8%	-293,7 k €	+26.0%	-396,8 k €	+12.3%	-452,3 k €	-168%	667,2 k €	+239%	-481,4 k €	-117%	2,9 M €	+162%	1,1 M €	-24.2%	1,4 M €
Operating result	–		–		-351 €	+92.6%	-4,7 k €	+86.5%	-35,2 k €	+66.4%	-104,8 k €	-52.2%	-68,8 k €	+60.1%	-172,4 k €	+54.5%	-378,5 k €	-49.6%	-253 k €	+14.8%	-296,8 k €	+25.9%	-400,4 k €	+13.1%	-460,6 k €	-170%	658,4 k €	+233%	-493,8 k €	-120%	2,5 M €	+103%	1,2 M €	+24.4%	972,4 k €
Net result	-4,9 k €	+33.3%	-7,4 k €	-309%	-1,8 k €	+99.6%	-430,8 k €	-2470%	18,2 k €	+142%	-43,6 k €	-130%	-18,9 k €	+84.2%	-119,5 k €	+50.6%	-241,8 k €	-75.7%	-137,6 k €	-12.1%	-122,8 k €	-391%	42,2 k €	+113%	-332,3 k €	-599%	66,6 k €	-26.9%	91,2 k €	-90.7%	981,2 k €	+117%	452,2 k €	-22.5%	583,6 k €
Balance sheet
Equity	1,4 M €	-0.3%	1,4 M €	-0.5%	1,4 M €	-0.1%	1,4 M €	-23.0%	1,9 M €	+1.0%	1,9 M €	-2.3%	1,9 M €	-1.0%	1,9 M €	-5.9%	2 M €	-14.3%	2,4 M €	-5.5%	2,5 M €	-4.7%	2,6 M €	+1.6%	2,6 M €	-11.4%	2,9 M €	+2.3%	2,9 M €	+3.3%	2,8 M €	+55.0%	1,8 M €	+34.0%	1,3 M €
Total assets	6,2 M €	-0.0%	6,2 M €	+6.6%	5,8 M €	-0.3%	5,8 M €	+3.3%	5,7 M €	+1.8%	5,6 M €	+1.0%	5,5 M €	-1.6%	5,6 M €	-1.7%	5,7 M €	-5.2%	6 M €	-2.4%	6,2 M €	-1.9%	6,3 M €	-6.6%	6,7 M €	-2.6%	6,9 M €	-1.0%	7 M €	-16.0%	8,3 M €	-11.5%	9,4 M €	-3.6%	9,7 M €
Cash	325 k €	-0.8%	327,5 k €	-60.4%	827,3 k €	+0.2%	826 k €	-0.5%	830 k €	-0.0%	830,2 k €	-0.1%	831,4 k €	-3.3%	859,9 k €	-2.7%	883,9 k €	+336%	202,7 k €	-14.4%	236,7 k €	+91.4%	123,7 k €	-51.3%	253,9 k €	-16.3%	303,5 k €	+17.6%	258,1 k €	-55.8%	583,5 k €	-74.0%	2,2 M €	-20.0%	2,8 M €
Debts	2,3 M €	0.0%	2,3 M €	-47.7%	4,4 M €	-0.3%	4,4 M €	+16.3%	3,8 M €	+2.2%	3,7 M €	+2.7%	3,6 M €	-1.9%	3,7 M €	+0.6%	3,7 M €	+0.7%	3,6 M €	-0.3%	3,6 M €	+0.1%	3,6 M €	-11.7%	4,1 M €	+3.8%	4 M €	+13.3%	3,5 M €	-25.6%	4,7 M €	-37.8%	7,6 M €	-9.5%	8,4 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,2 ETP	0.0%	1,2 ETP	+9.1%	1,1 ETP	+10.0%	1,0 ETP	-28.6%	1,4 ETP	-6.7%	1,5 ETP	-92.3%	19,6 ETP	-65.6%	57,0 ETP	-7.0%	61,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

Egbert VAN AERT

Mandate

Active

Ended mandates

Johannes Van Aert

Manager · since 01 septembre 1993

Ended

JOHAN VAN AERT

Mandate

Ended

JOHAN VAN AERT

Manager

Ended

Johannes Van Aert

Manager

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	18/09/2024	30/10/2023	02/05/2023	16/11/2021	19/05/2021
General meeting	14/06/2025	08/06/2024	10/06/2023	03/06/2022	04/06/2021	05/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	14/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	08/06/2024	18/09/2024	Dutch	PDF
Micro model	31/12/2022	10/06/2023	30/10/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	02/05/2023	Dutch	PDF
Micro model	31/12/2020	04/06/2021	16/11/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	19/05/2021	Dutch	PDF
Micro model	31/12/2018	07/06/2019	18/05/2021	Dutch	PDF
Micro model	31/12/2017	01/06/2018	14/03/2019	Dutch	PDF
Micro model	31/12/2016	01/06/2017	16/02/2018	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	08/08/2017	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	16/02/2016	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	26/03/2015	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	30/01/2014	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	31/07/2013	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	14/11/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/11/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	18/11/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	31/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 5 ended

Active mandates

Egbert VAN AERT

Mandate

Active

Ended mandates

Johannes Van Aert

Manager · since 01 septembre 1993

Ended

JOHAN VAN AERT

Mandate

Ended

JOHAN VAN AERT

Manager

Ended

Johannes Van Aert

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/05/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/03/2009
BENAMING - KAPITAAL - AANDELEN
PDF
Registered office02/02/2007
MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 2024-4,9 k €↑
2023
Annual accounts 2023-7,4 k €↓
2022
Annual accounts 2022-1,8 k €↑
2021
Annual accounts 2021-430,8 k €↓
2020
Annual accounts 202018,2 k €↑
2019
Annual accounts 2019-43,6 k €↓
2018
Annual accounts 2018-18,9 k €↑
2017
Annual accounts 2017-119,5 k €↑
2016
Annual accounts 2016-241,8 k €↓
2014
Annual accounts 2014-137,6 k €↓
2013
Annual accounts 2013-122,8 k €↓
2012
Annual accounts 201242,2 k €↑
2011
Annual accounts 2011-332,3 k €↓
2010
Annual accounts 201066,6 k €↓
2009
Annual accounts 200991,2 k €↓
2008
Annual accounts 2008981,2 k €↑
2007
Annual accounts 2007452,2 k €↓
2006
Annual accounts 2006583,6 k €
01/09/1993
IncorporationPrivate company with limited liability

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

VAD

Overview

What does VAD do?

Trend over 18 financial years

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