Glacier Vincent
ActiveSummary
Glacier Vincent has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-8k. Equity is shrinking by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 3674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 6.15 against 6.53 in 2024; short-term debt: 16.2% and cash: 25.9% of total assets), and 16.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
83.8%
Return on assets
-10.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
22 d early
2022
39 d early
2021
103 d early
2020
94 d early
2019
66 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€66k▼ 10.7%
2024 · €74k
2018: €180k
2019: €141k
2020: €128k
2021: €113k
2022: €97k
2023: €85k
2024: €74k
2018 → 2025
Total assets
€79k▼ 9.6%
2024 · €87k
2018: €253k
2019: €212k
2020: €146k
2021: €126k
2022: €111k
2023: €98k
2024: €87k
2018 → 2025
Net result
€-8k▲ 27.0%
2024 · €-11k
2018: €10k
2019: €-39k
2020: €-13k
2021: €-15k
2022: €-16k
2023: €-13k
2024: €-11k
2018 → 2025
Working capital
€66k▼ 9.6%
2024 · €73k
2018: €161k
2019: €128k
2020: €119k
2021: €105k
2022: €92k
2023: €83k
2024: €73k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€97k▼ 13.8%€85k▼ 13.1%€74k▼ 12.8%€66k▼ 10.7%
Operating result€-17k-€-17k▲ 1.9%€-13k▲ 23.8%€-11k▲ 15.6%€-11k▲ 0.6%
Net result€-15k-€-16k▼ 0.5%€-13k▲ 18.1%€-11k▲ 14.7%€-8k▲ 27.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€77 ▼ 92.2%
Current assets
€78k ▼ 8.6%
Equity and liabilities €79k
Equity
€66k ▼ 10.7%
Debt
€13k ▼ 3.1%
Debt's share of the balance-sheet total rises from 15.1% to 16.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-10k
Cash flow
€-7k▲
2024 · €-10k
Current ratio
6.15▼
2024 · 6.53
Quick ratio
6.06▼
2024 · 6.41
Debt to equity
0.19▲
2024 · 0.18
ROE
-12.0%▲
2024 · -14.7%
ROA
-10.1%▲
2024 · -12.5%
Interest coverage
-55.44▲
2024 · -63.85
Debt ≤ 1 year
€13k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€79k▼
Fixed assets21/28€994€77▼
Tangible fixed assets22/27€994€77▼
Plant, machinery and equipment23€994€77▼
Current assets29/58€86k€78k▼
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€426€1k▲
Other amounts receivable41€426€1k▲
Current investments50/53€56k€56k=
Cash at bank and in hand54/58€28k€20k▼
Equity and liabilities
Total equity and liabilities10/49€87k€79k▼
Equity10/15€74k€66k▼
Contributions10/11€19k€19k=
Reserves13€110k€110k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€107k€107k=
Profit (loss) carried forward14€-54k€-62k▼
Amounts payable17/49€13k€13k▼
Amounts payable within one year42/48€13k€13k▼
Other amounts payable47/48€13k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€917€917=
Other operating charges640/8€709€969▲
Gross operating margin9900€-9k€-9k▲
Operating profit (loss)9901€-11k€-11k▲
Financial income75/76B€308€3k▲
Recurring financial income75€308€3k▲
Financial charges65/66B€158€180▲
Recurring financial charges65€158€180▲
Profit (loss) for the period before taxes9903€-11k€-8k▲
Profit (loss) for the period9904€-11k€-8k▲
Profit (loss) for the period to be appropriated9905€-11k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-62k▼
Profit (loss) brought forward from the previous period14P€-44k€-54k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 7.89
Current ratio from 2.81 to 7.89; short-term debt falls from €71k to €17k.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-39k ▼475%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Blankenberge · 1 establishment unit since 1968
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zeedijk 1588370 BlankenbergeGround area
1,898 m²
Building footprint
1,842 m²
Volume, LiDAR
34,833 m³
Parcel 31602A0859/00Z021, Flanders · tallest building 37.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Zeedijk 158, 8370 Blankenberge
since 19682.002.134.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31602A0859/00Z021 | Flanders | 1,898 m² | 1 · 1,842 m² | 37.0 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBlankenberge2.002.134.834
Legal Entity Identifier
967600YR3BDFP6EKFM74
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KUMBO
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TAVERNE CHIARAMONTE
BE 0811.024.324
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DP Kortrijk
BE 0653.814.048
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.