The Vine
ActiveThe Vine has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €-5k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 28% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▼-12
Solvency36=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.09 in 2023; short-term debt: 48.9% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-1.3%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
31 d late
2022
30 d late
2021
8 d early
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k▼ 10.8%
2023 · €46k
2018: €27k
2019: €24k
2020: €18k
2021: €49k
2022: €42k
2023: €46k
2018 → 2024
Total assets
€384k▼ 8.5%
2023 · €420k
2018: €83k
2019: €206k
2020: €310k
2021: €415k
2022: €402k
2023: €420k
2018 → 2024
Net result
€-5k
2023 · €4k
2018: €7k
2019: €-2k
2020: €-7k
2021: €31k
2022: €-6k
2023: €4k
2018 → 2024
Working capital
€15k▼ 17.7%
2023 · €19k
2018: €26k
2019: €3k
2020: €26k
2021: €37k
2022: €17k
2023: €19k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18k-€49k▲ 174%€42k▼ 13.3%€46k▲ 9.6%€41k▼ 10.8%
Operating result€-2k-€42k€-1k€18k€7k▼ 58.4%
Net result€-7k-€31k€-6k€4k€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384k
Fixed assets
€181k▼ 4.7%
Current assets
€203k▼ 11.7%
Equity and liabilities €384k
Equity
€41k▼ 10.8%
Debt
€343k▼ 8.2%
The debt ratio rises from 89.0% to 89.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2023 · €31k
Cash flow
€9k▼
2023 · €18k
Solvency
10.7%▼
2023 · 11.0%
Current ratio
1.08▼
2023 · 1.09
Quick ratio
0.30▲
2023 · 0.30
Debt / equity
8.31▲
2023 · 8.08
ROE
-12.1%▼
2023 · 8.8%
ROA
-1.3%▼
2023 · 1.0%
Interest coverage
2.22▼
2023 · 3.38
Debt
€343k▼
2023 · €373k
Debt ≤ 1 year
€188k▼
2023 · €211k
Debt > 1 year
€155k▼
2023 · €162k
Income taxes
€3k▼
2023 · €5k
Staff costs
€25k▲
2023 · €140
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€420k€384k▼
Fixed assets21/28€190k€181k▼
Tangible fixed assets22/27€189k€180k▼
Land and buildings22€91k€85k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€928€554▼
Other tangible fixed assets26€90k€89k▼
Financial fixed assets28€630€630=
Current assets29/58€230k€203k▼
Amounts receivable after more than one year29€15k€15k=
Other amounts receivable291€15k€15k=
Stocks and contracts in progress3€166k€146k▼
Stocks30/36€166k€146k▼
Amounts receivable within one year40/41€39k€42k▲
Trade receivables40€37k€36k▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€2k-
Deferred charges and accrued income490/1€7k€558▼
Equity and liabilities
Total equity and liabilities10/49€420k€384k▼
Equity10/15€46k€41k▼
Contributions10/11€20k€20k=
Reserves13€17k€17k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€15k€17k▲
Profit (loss) carried forward14€9k€4k▼
Amounts payable17/49€373k€343k▼
Amounts payable after more than one year17€162k€155k▼
Financial debts170/4€162k€155k▼
Amounts payable within one year42/48€211k€188k▼
Current portion of amounts payable after more than one year42€9k€26k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€147k€121k▼
Suppliers440/4€147k€121k▼
Taxes, remuneration and social security45€54k€38k▼
Taxes450/3€54k€33k▼
Remuneration and social security454/9-€5k
Other amounts payable47/48-€252
Accrued charges and deferred income492/3€53€75▲
Income statement
Code20232024
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€140€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€10k€5k▼
Gross operating margin9900€41k€51k▲
Operating profit (loss)9901€18k€7k▼
Financial income75/76B€433€539▲
Recurring financial income75€433€539▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€9k€-2k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€4k€-5k▼
Profit (loss) for the period to be appropriated9905€4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€4k▼
Profit (loss) brought forward from the previous period14P€5k€9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herzele · 1 establishment unit since 2017
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.
Tolstraat 869550 HerzeleGround area
725 m²
Building footprint
283 m²
Volume, LiDAR
2,072 m³
Parcel 41067A0302/00A000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THE VINE
since 20172.269.023.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41067A0302/00A000 | Flanders | 725 m² | 1 · 283 m² | 10.9 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.
Similar companies · same sector, comparable size
ANTICHI SAPORI L'ENOTECA
BE 0831.600.103
Liège · Eq €42k
DEMA-DBS
BE 0564.951.754
Knokke-Heist · Eq €42k
NATIS GROUP
BE 0472.138.689
Mons · Eq €42k
VINI PER AMICI
BE 0757.644.432
Lennik · Eq €42k
HOUSE OF CLOVER
BE 0462.018.225
Kapellen · Eq €41k
Of 1,052 companies in sector 46341 we hold annual accounts for 535. 361 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2017
Fiscal year end31-12
Activities, NACEBEL
46341Wholesale of wines and spirits
11010Manufacture of beverages
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.