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QVDAAR

Active
Private limited companyfounded 2024active for 2 yearsStationsstraat 1, 1910 Kampenhout, BelgiumKBO/BCE: BE 1013.544.387

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-07-2026 at the NBB

Turnover
≈ €170,000
Estimated: probably between €130,000 and €220,000
Total assets
€571,537
Net result
-€12,871
Working capital
-€132,589

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €571,537
Fixed assets €557,496
Current assets €14,041
Equity and liabilities
Equity-€2,871
Debt€574,407
Equity is negative. Debt (€574,407) exceeds the balance-sheet total (€571,537).
Key figures and ratios
2025 value
EBITDA
€30,438
Cash flow
€8,605
Solvency
-0.5%
Current ratio
0.10
Quick ratio
0.07
ROA
-2.3%
Interest coverage
1.39
Debt
€574,407
Debt ≤ 1 year
€146,630
Debt > 1 year
€427,778
A ratio outside any meaningful range has been withheld (balance sheet total €571,537, equity -€2,871).

Comparable companies

These companies have the same main activity as QVDAAR: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €355,000 and €527,000, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
QVDAAR Kampenhout2024€571,537-€2,871€33,886--€12,871-2025
S.R.L JOSEPH Herve2024€527,483-€387,565€27,893--€156,3972.12025
VERHAEGHE-DELAVA Kuurne2024€413,469€43,357€44,586-€15,023-2025
PLEK Ukkel2024€397,235€30,840€45,608--€144,160-2025
LSCVAS - Ribote Restaurant Ham-sur-Heure-Nalinnes2024€478,216€98,223€55,573€138,412-€777-2025
S'amuse Poperinge2024€419,002-€54,165€21,205--€59,165-2025
VEZIR Herstal2024€354,823-€109,891€43,045--€101,664-2025

They were chosen from the 12,110 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 1,251 companies had the same profile as QVDAAR has now. Two years later, 1.0% had gone bankrupt and 96.6% were still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
1.0% went bankrupt
2.1% stopped otherwise
96.6% was still going

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of QVDAAR itself is higher: 2.3% within 12 months. It rests on far more data about QVDAAR than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,251 companies, not a prediction for QVDAAR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines

Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€571,537
Fixed assets21/28€557,496
Tangible fixed assets22/27€556,996
Land and buildings22€539,292
Plant, machinery and equipment23€8,675
Furniture and vehicles24€9,029
Financial fixed assets28€500
Current assets29/58€14,041
Stocks and contracts in progress3€3,968
Stocks30/36€3,968
Amounts receivable within one year40/41€4,695
Trade receivables40€1,206
Other amounts receivable41€3,489
Cash at bank and in hand54/58€5,378
Equity and liabilities
Total equity and liabilities10/49€571,537
Equity10/15-€2,871
Contributions10/11€10,000
Profit (loss) carried forward14-€12,871
Amounts payable17/49€574,407
Amounts payable after more than one year17€427,778
Financial debts170/4€427,778
Amounts payable within one year42/48€146,630
Current portion of amounts payable after more than one year42€33,333
Financial debts43€1,191
Credit institutions430/8€1,191
Other amounts payable47/48€112,106
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,476
Other operating charges640/8€3,449
Gross operating margin9900€33,886
Operating profit (loss)9901€8,962
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€21,833
Recurring financial charges65€21,833
Profit (loss) for the period before taxes9903-€12,871
Profit (loss) for the period9904-€12,871
Profit (loss) for the period to be appropriated9905-€12,871
Appropriation of the result
Profit (loss) to be appropriated9906-€12,871

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,476
Other operating charges640/8€3,449
Gross operating margin9900€33,886
Operating profit (loss)9901€8,962
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€21,833
Recurring financial charges65€21,833
Profit (loss) for the period before taxes9903-€12,871
Profit (loss) for the period9904-€12,871
Profit (loss) for the period to be appropriated9905-€12,871
Line2025
Assets
Total assets20/58€571,537
Fixed assets21/28€557,496
Tangible fixed assets22/27€556,996
Land and buildings22€539,292
Plant, machinery and equipment23€8,675
Furniture and vehicles24€9,029
Financial fixed assets28€500
Current assets29/58€14,041
Stocks and contracts in progress3€3,968
Stocks30/36€3,968
Amounts receivable within one year40/41€4,695
Trade receivables40€1,206
Other amounts receivable41€3,489
Cash at bank and in hand54/58€5,378
Equity and liabilities
Total equity and liabilities10/49€571,537
Equity10/15-€2,871
Contributions10/11€10,000
Profit (loss) carried forward14-€12,871
Amounts payable17/49€574,407
Amounts payable after more than one year17€427,778
Financial debts170/4€427,778
Amounts payable within one year42/48€146,630
Current portion of amounts payable after more than one year42€33,333
Financial debts43€1,191
Credit institutions430/8€1,191
Other amounts payable47/48€112,106
Line2025
Profit (loss) for the period9904-€12,871
+ Depreciation and write-downs630€21,476
Operating cash flow (approximation)€8,605

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-07-2026 2026-00353547 NBB

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