In De Vrede
ActiveThe computed 12-month bankruptcy probability of In De Vrede is 3.0% (moderate). The 2024 annual accounts show equity of €897k and a net result of €395k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 2935 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+11
Solvency98▲+26
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.38 in 2023; short-term debt: 26.8% and cash: 37.5% of total assets), and 27.2% 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
72.8%
Return on assets
32%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
111 d late
2022
9 d late
2021
16 d early
2020
31 d late
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€897k▲ 78.5%
2023 · €503k
2019: €380k
2020: €419k
2021: €931k
2022: €631k
2023: €503k
2019 → 2024
Total assets
€1.23M▲ 16.3%
2023 · €1.06M
2019: €1.28M
2020: €1.02M
2021: €1.74M
2022: €1.49M
2023: €1.06M
2019 → 2024
Net result
€395k▲ 130%
2023 · €172k
2019: €362k
2020: €38k
2021: €513k
2022: €150k
2023: €172k
2019 → 2024
Working capital
€247k▲ 25.0%
2023 · €198k
2019: €8k
2020: €67k
2021: €585k
2022: €301k
2023: €198k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€419k-€931k▲ 122%€631k▼ 32.3%€503k▼ 20.3%€897k▲ 78.5%
Operating result€47k-€645k▲ 1,281%€218k▼ 66.1%€253k▲ 15.9%€520k▲ 106%
Net result€38k-€513k▲ 1,241%€150k▼ 70.8%€172k▲ 15.0%€395k▲ 130%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 106% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.23M
Fixed assets
€655k▲ 92.6%
Current assets
€577k▼ 19.8%
Equity and liabilities €1.23M
Equity
€897k▲ 78.5%
Debt
€334k▼ 39.9%
The debt ratio falls from 52.5% to 27.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€600k▲
2023 · €324k
Cash flow
€475k▲
2023 · €243k
Solvency
72.8%▲
2023 · 47.5%
Current ratio
1.75▲
2023 · 1.38
Quick ratio
1.63▲
2023 · 1.25
Debt / equity
0.37▼
2023 · 1.11
ROE
44.0%▲
2023 · 34.2%
ROA
32.0%▲
2023 · 16.2%
Interest coverage
20.85▲
2023 · 13.89
Debt
€334k▼
2023 · €556k
Debt ≤ 1 year
€330k▼
2023 · €521k
Debt > 1 year
€4k▼
2023 · €31k
Income taxes
€122k▲
2023 · €58k
Staff costs
€836k▲
2023 · €791k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.06M€1.23M▲
Fixed assets21/28€340k€655k▲
Tangible fixed assets22/27€340k€655k▲
Land and buildings22-€12k
Plant, machinery and equipment23€337k€639k▲
Furniture and vehicles24€3k€4k▲
Current assets29/58€719k€577k▼
Stocks and contracts in progress3€68k€39k▼
Stocks30/36€68k€39k▼
Amounts receivable within one year40/41€50k€62k▲
Trade receivables40€30€2k▲
Other amounts receivable41€50k€60k▲
Cash at bank and in hand54/58€589k€462k▼
Deferred charges and accrued income490/1€13k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.23M▲
Equity10/15€503k€897k▲
Contributions10/11€19k€19k=
Reserves13€484k€879k▲
Distributable reserves133€484k€879k▲
Amounts payable17/49€556k€334k▼
Amounts payable after more than one year17€31k€4k▼
Financial debts170/4€31k€4k▼
Amounts payable within one year42/48€521k€330k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Financial debts43€34k€34k▲
Credit institutions430/8€34k€34k▲
Trade debts44€176k€69k▼
Suppliers440/4€176k€69k▼
Taxes, remuneration and social security45€84k€92k▲
Taxes450/3€13k€19k▲
Remuneration and social security454/9€71k€73k▲
Other amounts payable47/48€201k€109k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20232024
Remuneration, social security and pensions62€791k€836k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€80k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€1.12M€1.44M▲
Operating profit (loss)9901€253k€520k▲
Financial income75/76B€1€25k▲
Recurring financial income75€1€25k▲
Financial charges65/66B€23k€29k▲
Recurring financial charges65€23k€29k▲
Profit (loss) for the period before taxes9903€230k€517k▲
Income taxes67/77€58k€122k▲
Profit (loss) for the period9904€172k€395k▲
Profit (loss) for the period to be appropriated9905€172k€395k▲
Appropriation of the result
Profit (loss) to be appropriated9906€172k€395k▲
Transfer from equity791/2€300k-
Transfer to equity691/2€172k€395k▲
To other reserves6921€172k€395k▲
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
Social balance
Average headcount (FTE)908715.517.6▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 111 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €513k ▲1241%
Operating result €645k, net result €513k, both a record.
31-12
Financial
Equity above €500kEq €931k ▲122%
3 profitable years in a row build equity to €931k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €38k ▼89.4%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vleteren · 1 establishment unit since 2018
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.
Donkerstraat(West) 138640 VleterenGround area
9,388 m²
Building footprint
918 m²
Volume, LiDAR
5,012 m³
Parcel 33031D0624/00Z000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
In De Vrede
since 20182.282.857.287
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33031D0624/00Z000 | Flanders | 9,388 m² | 1 · 918 m² | 8.1 m · 2 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 siteVleteren2.282.857.287
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RESTAURANT CÉCILE
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AL PICCOLO
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MIA MENSA
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Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 4,562 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.