V ET V DIFFUSION
ActiveThe file of V ET V DIFFUSION contains 5 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 24.6% (high). The 2024 annual accounts show negative equity (-€187,715) and a net result of €170,411. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 18% of 18930 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+22
Solvency0=
Growth75=
Track record60
Bankruptcy probability, 12 months
24.6%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.22 against 0.91 in 2023; short-term debt: 74.1% and cash: 1.6% of total assets), and equity is negative.
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Signals
Nine 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-29.3%
Return on assets
26.6%
Age of the figures
24 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 18930 sector peers (2024).
NBB · sector comparisonPosition among 18930 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 150 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 30-05-2025, 30 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
30 d late
2023
on the day
2022
15 d late
2021
16 d late
2020
3 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€575,603▲ 175%
2021 · €209,666
EBIT margin
13.3%▲ 13.9pp
2021 · -0.6%
Net result
€170,411▲ 227%
2023 · €52,187
Working capital
€104,396
2023 · -€66,512
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€430,984▼ 23.7%€209,666▼ 51.4%€575,603▲ 175%
Operating result€16,790▼ 64.2%-€1,327€76,381€61,551▼ 19.4%€181,219▲ 194%
Net result€5,430within the sector's middle half▼ 80.4%-€9,792below the sector's middle half€60,822above the sector's middle half€52,187above the sector's middle half▼ 14.2%€170,411above the sector's middle half▲ 227%
EBIT margin3.9%▼ 4.4pp-0.6%▼ 4.5pp13.3%▲ 13.9pp
Equity-€461,343below the sector's middle half▲ 1.2%-€471,135below the sector's middle half▼ 2.1%-€410,313below the sector's middle half▲ 12.9%-€358,126below the sector's middle half▲ 12.7%-€187,715below the sector's middle half▲ 47.6%
Total assets€733,584above the sector's middle half▼ 4.6%€685,214above the sector's middle half▼ 6.6%€672,179within the sector's middle half▼ 1.9%€696,277within the sector's middle half▲ 3.6%€640,152above the sector's middle half▼ 8.1%
Debt€1.2m▼ 3.3%€1.2m▼ 3.2%€1.1m▼ 6.4%€1.1m▼ 2.6%€827,867▼ 21.5%
Working capital-€296,639▲ 14.8%-€266,496▲ 10.2%-€164,743▲ 38.2%-€66,512▲ 59.6%€104,396
Solvency-62.9%below the sector's middle half▼ 2.2pp-68.8%below the sector's middle half▼ 5.9pp-61.0%below the sector's middle half▲ 7.7pp-51.4%below the sector's middle half▲ 9.6pp-29.3%below the sector's middle half▲ 22.1pp
Staff (FTE)6within the sector's middle half▼ 50.0%5.3within the sector's middle half▼ 11.7%5.7within the sector's middle half▲ 7.5%3below the sector's middle half▼ 47.4%10.8▲ 260%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +227%, Staff (FTE) +260% on 2023. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 194% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €640,152
Fixed assets
€61,088 ▲ 4.6%
Current assets
€579,064 ▼ 9.2%
Key figures and ratios
EBITDA
€186,384▲
2023 · €96,249
Cash flow
€175,577▲
2023 · €86,886
Current ratio
1.22▲
2023 · 0.91
Quick ratio
0.43▲
2023 · 0.37
Debt to equity
-4.41▼
2023 · -2.94
ROA
26.6%▲
2023 · 7.5%
Interest coverage
17.24▲
2023 · 10.28
Debt ≤ 1 year
€474,668▼
2023 · €704,403
Debt > 1 year
€353,199▲
2023 · €350,000
Staff costs
€155,857▲
2023 · €108,757
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 24.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 317 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €430,984 | €209,666 | €575,603 | - | - | - |
| Non-recurring operating income76A | - | - | - | €1,270 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €153,782 | €384,425 | - | - | - |
| Remuneration, social security and pensions62 | - | €15,607 | €73,818 | €108,757 | €155,857 | ▲ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,248 | €40,985 | €40,930 | €34,699 | €5,165 | ▼ 85.1% |
| Other operating charges640/8 | - | €619 | €50 | - | €1,467 | - |
| Gross operating margin9900 | €131,082 | €55,884 | €191,179 | €205,006 | €343,708 | ▲ 67.7% |
| Operating profit (loss)9901 | €16,790 | -€1,327 | €76,381 | €61,551 | €181,219 | ▲ 194% |
| Financial income75/76B | - | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | - | €3 | - |
| Financial charges65/66B | - | €8,465 | €15,558 | €9,364 | €10,810 | ▲ 15.4% |
| Recurring financial charges65 | €11,360 | €8,465 | €15,558 | €9,364 | €10,810 | ▲ 15.4% |
| Profit (loss) for the period before taxes9903 | €5,430 | -€9,792 | €60,822 | €52,187 | €170,411 | ▲ 227% |
| Profit (loss) for the period9904 | €5,430 | -€9,792 | €60,822 | €52,187 | €170,411 | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €5,430 | -€9,792 | €60,822 | €52,187 | €170,411 | ▲ 227% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €733,584 | €685,214 | €672,179 | €696,277 | €640,152 | ▼ 8.1% |
| Fixed assets21/28 | €185,296 | €145,361 | €104,430 | €58,386 | €61,088 | ▲ 4.6% |
| Intangible fixed assets21 | €84,172 | €54,184 | €24,251 | - | - | - |
| Tangible fixed assets22/27 | €71,294 | €60,297 | €49,299 | €39,572 | €42,274 | ▲ 6.8% |
| Plant, machinery and equipment23 | - | €44,725 | €41,881 | €39,038 | €37,260 | ▼ 4.6% |
| Furniture and vehicles24 | - | €15,572 | €7,418 | €535 | €5,014 | ▲ 837% |
| Financial fixed assets28 | €29,830 | €30,880 | €30,880 | €18,813 | €18,813 | = |
| Current assets29/58 | €548,288 | €539,853 | €567,748 | €637,891 | €579,064 | ▼ 9.2% |
| Stocks and contracts in progress3 | €378,015 | €377,328 | €379,447 | €380,307 | €374,210 | ▼ 1.6% |
| Stocks30/36 | - | €377,328 | €379,447 | €380,307 | €374,210 | ▼ 1.6% |
| Amounts receivable within one year40/41 | €159,030 | €151,437 | €174,726 | €188,109 | €194,569 | ▲ 3.4% |
| Trade receivables40 | - | €113 | €23,402 | €111,557 | €114,058 | ▲ 2.2% |
| Other amounts receivable41 | - | €151,325 | €151,325 | €76,552 | €80,511 | ▲ 5.2% |
| Cash at bank and in hand54/58 | €11,244 | €11,088 | €13,575 | €69,475 | €10,285 | ▼ 85.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €733,584 | €685,214 | €672,179 | €696,277 | €640,152 | ▼ 8.1% |
| Equity10/15 | -€461,343 | -€471,135 | -€410,313 | -€358,126 | -€187,715 | ▲ 47.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | -€481,803 | -€491,595 | -€430,773 | -€378,586 | -€208,175 | ▲ 45.0% |
| Amounts payable17/49 | €1.2m | €1.2m | €1.1m | €1.1m | €827,867 | ▼ 21.5% |
| Amounts payable after more than one year17 | €350,000 | €350,000 | €350,000 | €350,000 | €353,199 | ▲ 0.9% |
| Financial debts170/4 | - | - | - | - | €18,199 | - |
| Other amounts payable178/9 | - | €350,000 | €350,000 | €350,000 | €335,000 | ▼ 4.3% |
| Amounts payable within one year42/48 | €844,927 | €806,349 | €732,491 | €704,403 | €474,668 | ▼ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €216,561 | €220,447 | €187,072 | €129,307 | ▼ 30.9% |
| Financial debts43 | - | €40,925 | €32,317 | €32,317 | - | - |
| Credit institutions430/8 | - | €40,925 | €32,317 | €32,317 | - | - |
| Trade debts44 | €86,107 | €55,764 | €9,696 | €67,657 | €12,913 | ▼ 80.9% |
| Suppliers440/4 | - | €55,764 | €9,696 | €67,657 | €12,913 | ▼ 80.9% |
| Taxes, remuneration and social security45 | - | €152,464 | €153,079 | €136,630 | €110,095 | ▼ 19.4% |
| Taxes450/3 | - | €54,161 | €59,185 | €63,701 | €56,524 | ▼ 11.3% |
| Remuneration and social security454/9 | - | €98,303 | €93,894 | €72,928 | €53,571 | ▼ 26.5% |
| Other amounts payable47/48 | - | €340,635 | €316,951 | €280,727 | €222,354 | ▼ 20.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,430 | -€9,792 | €60,822 | €52,187 | €170,411 | ▲ 227% |
| + Depreciation and write-downs630 | €46,248 | €40,985 | €40,930 | €34,699 | €5,165 | ▼ 85.1% |
| Operating cash flow (approximation) | €51,678 | €31,193 | €101,753 | €86,886 | €175,577 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€1,050 | €0 | €11,346 | -€7,867 | ▼ 169% |
| Change in cash | - | -€155 | €2,486 | €55,900 | -€59,189 | ▼ 206% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-09
Financial
Highest result since 2018net €170,411 ▲227%
Operating result €181,219, net result €170,411, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 15 days late
26-01
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 16-01-2023
2022
30-09
Financial
Back to profitnet €60,822
Net result €60,822 after one loss-making year.
11-07
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 05-07-2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
26-01
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 17-01-2022
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
25-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 18-11-2019
Show earlier events
30-09
Financial
Back to profitnet €27,670
Net result €27,670 after one loss-making year.
03-06
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 27-05-2019
26-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 150 days late
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Soignies · 2 establishment units since 2003
Ground area
7.1 ha
Building footprint
4.4 ha
Volume, LiDAR
360,044 m³
2 parcels, Wallonia · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
LE SOLSTICE
since 20032.135.679.088
LED-TECH
since 20122.210.116.789
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0191/00H015 | Wallonia | 7.0 ha | 1 · 4.4 ha | 14.3 m · 3 fl. |
| 55028C0244/00H000 | Wallonia | 614 m² | 1 · 166 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteMons2.135.679.088
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Quiévrain
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-2003
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
E-mail
info@led-tech.beSoignies
Phone
067/77.11.37Soignies
Fax
067/444333Soignies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860040897
Also
9925:BE0860040897
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.