Financials
- Financial year
- 2024
- Total assets
- €117,223
- Loss
- -€19,868
- Solvency
- -8.3%
Total assets▲ 35.0%
Net result
20202024
Het Vijfde Wiel
ActiveSummary
The computed 12-month bankruptcy probability of Het Vijfde Wiel is 12.3% (high). The 2024 annual accounts show negative equity (-€9,724) and a net result of -€19,868. Equity is shrinking by about 70% per year across the filed financial years. Its solvency ranks better than 24% of 18,739 sector peers (NACE 56, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Cafés and bars
NACE 56301Full-service restaurants NACE 56111
3 sites
Size
€117,223total assets 2024
- Staff
- 0.3 FTE
- Equity
- -€9,724
- Loss
- -€19,868
Turnover not published (micro format)
Structure
2025 accounts not filed, 87 days past the deadline2 deeds in the Belgian Official Gazette
Why 28raises risk1 financial year not filed after the legal deadline; last filed accounts filed 445 days late; 2 of the last 3 lateSector: Food and beverage service activities (NACE 56)Figures for financial year 2024 (filed 19-10-2026)Loss of €19,868, the second in a row (financial year 2024)Show the evidence
Checked score
Score 2024
28
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 15% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
17-20
equity -8.3% of total assets
Liquidity
16+2
short-term debt 98.3% · cash 13.1%
Profitability
5-50
return on assets -16.9%
Bankruptcy probability, 12 months
12.3%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.3%
12-2024: 6.3%● unchanged vs 11-2024
01-2025: 6.3%● unchanged vs 12-2024
02-2025: 6.3%● unchanged vs 01-2025
03-2025: 6.2%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 6.3%▲ +0.1 percentage points vs 03-2025
05-2025: 6.3%● unchanged vs 04-2025
06-2025: 6.3%● unchanged vs 05-2025
07-2025: 6.5%▲ +0.2 percentage points vs 06-2025
08-2025: 7.1%▲ +0.6 percentage points vs 07-2025
09-2025: 6.4%▼ -0.7 percentage points vs 08-2025
10-2025: 7.6%▲ +1.2 percentage points vs 09-2025
11-2025: 7.7%▲ +0.1 percentage points vs 10-2025
12-2025: 8.5%▲ +0.8 percentage points vs 11-2025
01-2026: 11.1%▲ +2.6 percentage points vs 12-2025
02-2026: 11.0%▼ -0.1 percentage points vs 01-2026
03-2026: 11.2%▲ +0.2 percentage points vs 02-2026
04-2026: 10.3%▼ -0.9 percentage points vs 03-2026
05-2026: 10.3%● unchanged vs 04-2026
06-2026: 10.1%▼ -0.2 percentage points vs 05-2026
07-2026: 10.1%● unchanged vs 06-2026
08-2026: 12.1%▲ +2.0 percentage points vs 07-2026
09-2026: 12.1%● unchanged vs 08-2026
10-2026: 12.3%▲ +0.2 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.14, compared with 0.15 in 2023, below 1; short-term debt: 98.3% and cash: 13.1% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 22% on solvency, 14% on liquidity, 19% on profitability and 4% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€9,724
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.
NBB · 5 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline26-10-2026 today
raises risk · 2024 accounts filed 445 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-10-2026, 445 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
445 days late
2023
36 days late
2022
17 days early
2021
4 days late
2020
9 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 95 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Founder · Legal form clauseName clause · Registered office…
- Weakest financial yearnet -€19,868
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€9,724 View
- Risk: 4 loss-making years in a rowloss financial year 2024 -€19,868 View
- Caution: Among the weakest 12% on net resultsector median €5,432 · 18,725 companies -€19,868 View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 87 days past the deadline View
By topic
Timeline
- Events
- 7
- Since
- 2021
- 05-09-2024Annual accounts filed
- 14-07-2023Annual accounts filed
- 04-08-2022Annual accounts filed
Company details
- Sites
- 3
- Legal form
- Private limited company
- Activity
- Cafés and barsNACE 56301
- Founded
- 26-06-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about Het Vijfde Wiel
- What is the company number of Het Vijfde Wiel?
- 0728.924.217. In Belgium the VAT number is the company number with BE in front: BE 0728.924.217.
- Where is Het Vijfde Wiel based?
- The registered office is at Kerkstraat 1, 1755 Pajottegem.Company details
- What does Het Vijfde Wiel do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of Het Vijfde Wiel?
- Private limited company (BV).
- When was Het Vijfde Wiel founded?
- On 26-06-2019.
- Is Het Vijfde Wiel still active?
- Yes, Het Vijfde Wiel is an active enterprise in the KBO register.
- How many employees does Het Vijfde Wiel have?
- On average 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Het Vijfde Wiel?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Het Vijfde Wiel profitable?
- In financial year 2024, Het Vijfde Wiel made a loss of €19,868.
- Where can I find the annual accounts of Het Vijfde Wiel?
- Het Vijfde Wiel filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Companies related to Het Vijfde Wiel
Comparable companies
- CN & CMPajottegem
- De Heppie StorePajottegem
- Den HaasPajottegem
- FERMENTPajottegem
- HEBRAPajottegem
Go further with this company
How much credit can you give this customer, and on what payment terms?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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.