ACTIVE

Vadofin

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Financial year 2025 · closed on 30/06/2025

Net result

77,2 k €

+42.1% YoY

Gross margin

121,8 k €

+55.9% YoY

Equity

271,6 k €

-26.5% YoY

What does Vadofin do?

Vadofin is a Private limited company incorporated in 2004. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.759.957

Incorporation

02/03/2004

Legal form

Private limited company

Registered office

Mereldreef 31
9250 Waasmunster · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 51190Passenger air transport 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	121,8 k €	+55.9%	78,2 k €	+102%	38,7 k €	-47.0%	73 k €	-24.3%	96,4 k €	-4.0%	100,4 k €	+7.8%	93,1 k €	+47.9%	63 k €	-49.8%	125,3 k €	+4924%	-2,6 k €	-102%	109,1 k €	+2.8%	106,1 k €	+190%	36,5 k €	-23.7%	47,9 k €	-37.1%	76,1 k €	-1.8%	77,5 k €	+86.1%	41,6 k €	-50.4%	83,9 k €	-41.2%	142,5 k €
EBITDA	113,5 k €	+48.0%	76,7 k €	+105%	37,5 k €	-46.4%	70 k €	-26.1%	94,7 k €	+1.5%	93,3 k €	+2.6%	91 k €	+51.2%	60,2 k €	-50.4%	121,3 k €	+2233%	-5,7 k €	-106%	95,4 k €	-6.6%	102,1 k €	+267%	27,8 k €	-25.8%	37,5 k €	-45.5%	68,9 k €	-3.4%	71,4 k €	+85.9%	38,4 k €	-50.3%	77,2 k €	-44.9%	140 k €
Operating result	101,9 k €	+58.8%	64,1 k €	+158%	24,8 k €	-56.9%	57,7 k €	-31.6%	84,4 k €	-0.4%	84,7 k €	-0.6%	85,2 k €	+58.8%	53,7 k €	-50.4%	108,3 k €	+863%	-14,2 k €	-118%	78,2 k €	+3.4%	75,6 k €	+386%	-26,5 k €	-212%	23,6 k €	-60.6%	59,8 k €	-2.1%	61 k €	+122%	27,5 k €	-55.4%	61,7 k €	-51.8%	128 k €
Net result	77,2 k €	+42.1%	54,3 k €	+114%	25,3 k €	-43.8%	45,1 k €	-33.8%	68,1 k €	-0.5%	68,4 k €	+6.4%	64,3 k €	+137%	27,1 k €	-73.1%	100,9 k €	+782%	-14,8 k €	-137%	40,4 k €	-5.4%	42,8 k €	+241%	-30,4 k €	-215%	26,5 k €	-24.3%	35,1 k €	-14.6%	41 k €	+290%	10,5 k €	-46.0%	19,5 k €	-74.3%	75,9 k €
Balance sheet
Equity	271,6 k €	-26.5%	369,4 k €	+7.0%	345,1 k €	-17.8%	419,8 k €	+12.0%	374,7 k €	+22.2%	306,6 k €	+28.7%	238,1 k €	+37.0%	173,8 k €	+18.5%	146,7 k €	+220%	45,8 k €	-58.6%	110,6 k €	+57.6%	70,2 k €	-36.4%	110,4 k €	-21.6%	140,8 k €	+23.2%	114,3 k €	+44.2%	79,3 k €	+107%	38,2 k €	+38.0%	27,7 k €	+237%	8,2 k €
Total assets	753,8 k €	+5.7%	713,5 k €	-7.5%	771,3 k €	-1.8%	785,5 k €	+1.9%	771 k €	+12.1%	687,5 k €	+15.3%	596,3 k €	+32.4%	450,5 k €	+3.1%	437,1 k €	+20.9%	361,6 k €	+12.7%	320,9 k €	-6.3%	342,5 k €	-12.4%	390,8 k €	+41.6%	276 k €	+4.6%	264 k €	+21.4%	217,5 k €	+13.5%	191,5 k €	-22.1%	245,7 k €	-35.4%	380,5 k €
Cash	42,1 k €	+305%	10,4 k €	-23.2%	13,6 k €	-83.1%	80,1 k €	-25.7%	107,7 k €	-6.9%	115,7 k €	+38.1%	83,8 k €	+81.3%	46,2 k €	-49.1%	90,7 k €	+94.8%	46,6 k €	+72.4%	27 k €	-51.7%	55,9 k €	-0.4%	56,2 k €	-55.8%	127,1 k €	+81.4%	70,1 k €	+297%	17,6 k €	+30.1%	13,6 k €	-70.0%	45,2 k €	-72.9%	167 k €
Debts	476,4 k €	+40.8%	338,3 k €	-19.5%	420,2 k €	+16.9%	359,5 k €	-7.8%	389,9 k €	+4.2%	374,3 k €	+6.7%	350,9 k €	+27.1%	276 k €	-5.0%	290,4 k €	-7.9%	315,3 k €	+50.3%	209,8 k €	-22.2%	269,6 k €	-2.4%	276,3 k €	+109%	132,3 k €	-9.0%	145,4 k €	+8.5%	133,9 k €	-11.4%	151,2 k €	-29.9%	215,8 k €	-41.7%	370,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Gaëtane MATTHYS

Director · since 03 mai 2012

Active

Giovani VAN DOORSSELAER

Director · since 02 mars 2004

Active

Ended mandates

Tiny De Waele

Manager · since 02 mai 2006 · until 28 décembre 2012

Ended

Giovani VAN DOORSSELAER

Director · since 24 février 2004

Ended

Gaëtane Matthys

Manager

Ended

Giovani Van Doorsselaer

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
TRIMAKO● Active	0831.063.930

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	27/02/2025	29/02/2024	29/12/2023	28/02/2022	31/03/2021
General meeting	26/12/2025	27/12/2024	28/02/2024	31/03/2023	31/12/2021	05/03/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	26/12/2025	02/02/2026	Dutch	PDF
Micro model	30/06/2024	27/12/2024	27/02/2025	Dutch	PDF
Micro model	30/06/2023	28/02/2024	29/02/2024	Dutch	PDF
Micro model	30/06/2022	31/03/2023	29/12/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	28/02/2022	Dutch	PDF
Micro model	30/06/2020	05/03/2021	31/03/2021	Dutch	PDF
Micro model	30/06/2019	16/03/2020	24/04/2020	Dutch	PDF
Micro model	30/06/2018	28/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	29/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	30/12/2016	24/02/2017	Dutch	PDF
Abridged model	30/06/2015	26/12/2015	26/01/2016	Dutch	PDF
Abridged model	30/06/2014	26/12/2014	30/01/2015	Dutch	PDF
Abridged model	30/06/2013	27/12/2013	13/02/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	01/02/2013	Dutch	PDF
Abridged modelCorrection	30/06/2011	30/12/2011	28/11/2012	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	24/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	28/12/2009	29/01/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	30/01/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	22/01/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	31/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Gaëtane MATTHYS

Director · since 03 mai 2012

Active

Giovani VAN DOORSSELAER

Director · since 02 mars 2004

Active

Ended mandates

Tiny De Waele

Manager · since 02 mai 2006 · until 28 décembre 2012

Ended

Giovani VAN DOORSSELAER

Director · since 24 février 2004

Ended

Gaëtane Matthys

Manager

Ended

Giovani Van Doorsselaer

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares07/01/2014
DOEL - KAPITAAL - AANDELEN
PDF
Mandates11/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/07/2006
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other09/03/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 202577,2 k €↑
2024
Annual accounts 202454,3 k €↑
2023
Annual accounts 202325,3 k €↓
2022
Annual accounts 202245,1 k €↓
2021
Annual accounts 202168,1 k €↓
2020
Annual accounts 202068,4 k €↑
2019
Annual accounts 201964,3 k €↑
2018
Annual accounts 201827,1 k €↓
2017
Annual accounts 2017100,9 k €↑
2016
Annual accounts 2016-14,8 k €↓
2015
Annual accounts 201540,4 k €↓
2014
Annual accounts 201442,8 k €↑
2013
Annual accounts 2013-30,4 k €↓
2012
Annual accounts 201226,5 k €↓
2011
Annual accounts 201135,1 k €↓
2010
Annual accounts 201041 k €↑
2009
Annual accounts 200910,5 k €↓
2008
Annual accounts 200819,5 k €↓
2007
Annual accounts 200775,9 k €
02/03/2004
IncorporationPrivate 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

Vadofin

Overview

What does Vadofin do?

Trend over 19 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