DE VIS FACTORIJ
ActiveSummary
The computed 12-month bankruptcy probability of DE VIS FACTORIJ is 1.9% (moderate). The 2025 annual accounts show negative equity (-€683,381) and a net result of €2,569. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10519 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+69
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.2 in 2024; short-term debt: 167% and cash: 7.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-72.5%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
19 d late
2024
22 d late
2023
26 d late
2022
31 d late
2021
352 d late
2020
290 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 119 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money Which other companies belong to the same group?MAXGI · 7 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€683,381▲ 0.4%
2024 · -€685,950
Total assets
€942,399▼ 18.4%
2024 · €1.2m
Net result
€2,569
2024 · -€376,865
Working capital
-€1.3m▲ 2.5%
2024 · -€1.4m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€29,905▼ 125%-€187,014▼ 525%-€298,052▼ 59.4%-€216,553▲ 27.3%€11,765
Net result-€43,434below the sector's middle half▼ 140%-€200,404below the sector's middle half▼ 361%-€310,065below the sector's middle half▼ 54.7%-€376,865below the sector's middle half▼ 21.5%€2,569within the sector's middle half
Equity€201,384within the sector's middle half▼ 17.7%€980below the sector's middle half▼ 99.5%-€309,085below the sector's middle half-€685,950below the sector's middle half▼ 122%-€683,381below the sector's middle half▲ 0.4%
Total assets€1.2mwithin the sector's middle half▲ 8.1%€1.6mwithin the sector's middle half▲ 33.7%€1.5mwithin the sector's middle half▼ 1.7%€1.2mwithin the sector's middle half▼ 25.3%€942,399within the sector's middle half▼ 18.4%
Debt€973,697▲ 15.6%€1.6m▲ 61.3%€1.9m▲ 18.0%€1.8m▼ 0.7%€1.6m▼ 11.7%
Working capital-€219,476below the sector's middle half▲ 16.0%-€723,356below the sector's middle half▼ 230%-€1.1mbelow the sector's middle half▼ 50.7%-€1.4mbelow the sector's middle half▼ 23.9%-€1.3mbelow the sector's middle half▲ 2.5%
Solvency17.1%within the sector's middle half▼ 5.4pp0.1%below the sector's middle half▼ 17.1pp-20.0%below the sector's middle half▼ 20.1pp-59.4%below the sector's middle half▼ 39.4pp-72.5%below the sector's middle half▼ 13.1pp
Current ratio0.60below the sector's middle half▲ 0.070.29below the sector's middle half▼ 0.310.28below the sector's middle half▼ 0.010.20below the sector's middle half▼ 0.080.16below the sector's middle half▼ 0.04
Return on assets (ROA)-3.7%below the sector's middle half▼ 2.0pp-12.8%below the sector's middle half▼ 9.1pp-20.1%below the sector's middle half▼ 7.3pp-32.6%below the sector's middle half▼ 12.6pp0.3%within the sector's middle half▲ 32.9pp
Staff (FTE)5.4within the sector's middle half▲ 440%6.9within the sector's middle half▲ 27.8%11.5above the sector's middle half▲ 66.7%6within the sector's middle half▼ 47.8%5.5within the sector's middle half▼ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,765 after a loss of €216,553 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €942,399
Fixed assets
€686,255 ▼ 15.2%
Current assets
€256,145 ▼ 25.9%
Key figures and ratios
EBITDA
€149,420▲
2024 · -€52,063
Cash flow
€140,223▲
2024 · -€212,376
Quick ratio
0.09▼
2024 · 0.11
Debt to equity
-2.38▲
2024 · -2.68
Interest coverage
14.13▲
2024 · -4.98
Debt ≤ 1 year
€1.6m▼
2024 · €1.7m
Debt > 1 year
€48,611▼
2024 · €144,445
Staff costs
€238,037▲
2024 · €199,883
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 907 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.0%
went bankrupt
3.7%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 907 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €7,405 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €243,070 | €242,653 | €285,918 | €199,883 | €238,037 | ▲ 19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,593 | €134,128 | €164,358 | €164,490 | €137,654 | ▼ 16.3% |
| Other operating charges640/8 | €1,888 | €1,690 | €10,060 | €148,725 | €4,046 | ▼ 97.3% |
| Gross operating margin9900 | €330,646 | €191,458 | €162,285 | €296,545 | €391,503 | ▲ 32.0% |
| Operating profit (loss)9901 | -€29,905 | -€187,014 | -€298,052 | -€216,553 | €11,765 | ▲ 105% |
| Financial income75/76B | €42 | €2,934 | €445 | €146 | €1,376 | ▲ 839% |
| Recurring financial income75 | €42 | €2,934 | €445 | €146 | €1,376 | ▲ 839% |
| Financial charges65/66B | €13,570 | €15,774 | €12,458 | €160,459 | €10,572 | ▼ 93.4% |
| Recurring financial charges65 | €13,570 | €15,774 | €12,458 | €10,459 | €10,572 | ▲ 1.1% |
| Non-recurring financial charges66B | - | - | - | €150,000 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€43,434 | -€199,854 | -€310,065 | -€376,865 | €2,569 | ▲ 101% |
| Income taxes67/77 | €0 | €550 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€43,434 | -€200,404 | -€310,065 | -€376,865 | €2,569 | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | -€43,434 | -€200,404 | -€310,065 | -€376,865 | €2,569 | ▲ 101% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.6m | €1.5m | €1.2m | €942,399 | ▼ 18.4% |
| Fixed assets21/28 | €843,918 | €1.3m | €1.1m | €808,886 | €686,255 | ▼ 15.2% |
| Intangible fixed assets21 | €67,850 | €85,368 | €66,379 | €47,390 | €28,544 | ▼ 39.8% |
| Tangible fixed assets22/27 | €626,068 | €1.0m | €906,996 | €761,496 | €657,711 | ▼ 13.6% |
| Land and buildings22 | €331,656 | €590,610 | €563,962 | €530,732 | €497,502 | ▼ 6.3% |
| Plant, machinery and equipment23 | €268,907 | €408,795 | €301,949 | €195,104 | €123,159 | ▼ 36.9% |
| Furniture and vehicles24 | - | - | - | - | €6,815 | - |
| Other tangible fixed assets26 | €25,505 | €46,511 | €41,086 | €35,660 | €30,234 | ▼ 15.2% |
| Financial fixed assets28 | €150,000 | €150,000 | €150,000 | €0 | - | - |
| Current assets29/58 | €331,163 | €290,373 | €421,558 | €345,690 | €256,145 | ▼ 25.9% |
| Stocks and contracts in progress3 | €14,057 | €42,683 | €123,432 | €151,489 | €114,752 | ▼ 24.3% |
| Stocks30/36 | €14,057 | €42,683 | €123,432 | €151,489 | €114,752 | ▼ 24.3% |
| Amounts receivable within one year40/41 | €231,616 | €110,077 | €200,254 | €75,038 | €67,534 | ▼ 10.0% |
| Trade receivables40 | €203,368 | €72,320 | €157,363 | €53,057 | €54,275 | ▲ 2.3% |
| Other amounts receivable41 | €28,248 | €37,757 | €42,890 | €21,981 | €13,259 | ▼ 39.7% |
| Cash at bank and in hand54/58 | €84,301 | €133,163 | €91,767 | €115,321 | €72,057 | ▼ 37.5% |
| Deferred charges and accrued income490/1 | €1,189 | €4,450 | €6,105 | €3,843 | €1,802 | ▼ 53.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €1.5m | €1.2m | €942,399 | ▼ 18.4% |
| Equity10/15 | €201,384 | €980 | -€309,085 | -€685,950 | -€683,381 | ▲ 0.4% |
| Contributions10/11 | €440,000 | €440,000 | €440,000 | €440,000 | €440,000 | = |
| Profit (loss) carried forward14 | -€238,616 | -€439,020 | -€749,085 | -€1.1m | -€1.1m | ▲ 0.2% |
| Amounts payable17/49 | €973,697 | €1.6m | €1.9m | €1.8m | €1.6m | ▼ 11.7% |
| Amounts payable after more than one year17 | €423,058 | €556,948 | €342,615 | €144,445 | €48,611 | ▼ 66.3% |
| Financial debts170/4 | €423,058 | €556,948 | €342,615 | €144,445 | €48,611 | ▼ 66.3% |
| Amounts payable within one year42/48 | €550,639 | €1.0m | €1.5m | €1.7m | €1.6m | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | €212,612 | €213,471 | €214,333 | €198,171 | €95,833 | ▼ 51.6% |
| Financial debts43 | - | €2,102 | €314 | €0 | €1,267 | - |
| Credit institutions430/8 | - | €2,102 | €314 | €0 | €1,267 | - |
| Trade debts44 | €296,326 | €736,274 | €1.2m | €1.5m | €1.4m | ▼ 0.8% |
| Suppliers440/4 | €296,326 | €736,274 | €1.2m | €1.5m | €1.4m | ▼ 0.8% |
| Taxes, remuneration and social security45 | €38,456 | €30,654 | €35,548 | €40,410 | €27,779 | ▼ 31.3% |
| Taxes450/3 | €4,289 | €1,358 | €1,169 | €6,316 | €6,200 | ▼ 1.8% |
| Remuneration and social security454/9 | €34,166 | €29,295 | €34,379 | €34,095 | €21,579 | ▼ 36.7% |
| Other amounts payable47/48 | €3,245 | €31,229 | €41,034 | €344 | €3,160 | ▲ 819% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,805 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,434 | -€200,404 | -€310,065 | -€376,865 | €2,569 | ▲ 101% |
| + Depreciation and write-downs630 | €115,593 | €134,128 | €164,358 | €164,490 | €137,654 | ▼ 16.3% |
| Operating cash flow (approximation) | €72,159 | -€66,275 | -€145,706 | -€212,376 | €140,223 | ▲ 166% |
| Investment in fixed assets (approximation) | - | -€571,495 | -€6,450 | €150,000 | -€15,023 | ▼ 110% |
| Change in cash | - | €48,862 | -€41,395 | €23,553 | -€43,264 | ▼ 284% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Back to profitnet €2,569
Net result €2,569 after 6 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€376,865
Net result drops to -€376,865, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 352 days late
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 290 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
575 m²
Volume, LiDAR
3,638 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
De Vis Factorij
since 20202.304.652.890
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73066A0837/00E000 | Flanders | 7,731 m² | 1 · 297 m² | 9.2 m · 2 fl. |
| 73092A0401/00C000 | Flanders | 3,286 m² | 1 · 278 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
MAXGI
7 companies
Group, risk and exposure
Owners and holdings
3 owners · 1 holdingChain of control
- MAXGI
- DE VIS FACTORIJ
Highest known parent: MAXGI. The sources do not say who stands above it.
Owners 3
- MAXGIparentSourceaccounts MAXGI 2025100%
-
10%
-
10%
Holdings 1
-
33.33%
According to the 2023 annual accounts of DE VIS FACTORIJ and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 7,657 EUR awarded · 7,656 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,638 EUR | 1,638 EUR |
| 2024 | 2 | -2,800 EUR | 511 EUR |
| 2023 | 1 | 0 EUR | 216 EUR |
| 2022 | 1 | 8,819 EUR | 5,291 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRiemst2.304.652.890
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Of 466 companies in sector 47230 we hold annual accounts for 269. 34 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47230Retail trade
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0708924302
Also
9925:BE0708924302
Registered
10-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.