VABEN
ActiveVABEN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51k and a net result of €16k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 13090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.63 in 2024), and 23.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.2%
Return on assets
23.9%
Age of the figures
12 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €51k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
on the day
2023
on the day
2022
19 d early
2021
13 d late
2020
28 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€51k▲ 45.7%
2024 · €35k
2018: €68k
2019: €60k
2020: €60k
2021: €21k
2022: €23k
2023: €25k
2024: €35k
2018 → 2025
Total assets
€66k▲ 38.7%
2024 · €48k
2018: €156k
2019: €105k
2020: €99k
2021: €66k
2022: €53k
2023: €50k
2024: €48k
2018 → 2025
Net result
€16k▲ 69.5%
2024 · €9k
2018: €-7k
2019: €-8k
2020: €109
2021: €-38k
2022: €1k
2023: €2k
2024: €9k
2018 → 2025
Working capital
€19k▼ 12.1%
2024 · €21k
2018: €-15k
2019: €6k
2020: €3k
2021: €-11k
2022: €-4k
2023: €6k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€23k▲ 6.8%€25k▲ 10.6%€35k▲ 36.9%€51k▲ 45.7%
Operating result€-36k-€4k€6k▲ 67.9%€14k▲ 127%€22k▲ 58.2%
Net result€-38k-€1k€2k▲ 64.9%€9k▲ 286%€16k▲ 69.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 58% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€32k▲ 139%
Current assets
€35k▲ 0.1%
Equity and liabilities €66k
Equity
€51k▲ 45.7%
Debt
€16k▲ 20.0%
The debt ratio falls from 27.4% to 23.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€31k▲
2024 · €21k
Cash flow
€25k▲
2024 · €16k
Solvency
76.2%▲
2024 · 72.6%
Current ratio
2.20▼
2024 · 2.63
Quick ratio
1.05▼
2024 · 1.79
Debt / equity
0.31▼
2024 · 0.38
ROE
31.4%▲
2024 · 27.0%
ROA
23.9%▲
2024 · 19.6%
Interest coverage
7.18▲
2024 · 5.87
Debt
€16k▲
2024 · €13k
Debt ≤ 1 year
€16k▲
2024 · €13k
Income taxes
€2k▲
2024 · €995
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€48k€66k▲
Fixed assets21/28€13k€32k▲
Tangible fixed assets22/27€13k€32k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€10k€30k▲
Current assets29/58€35k€35k▲
Stocks and contracts in progress3€11k€18k▲
Stocks30/36€11k€18k▲
Amounts receivable within one year40/41-€2k
Trade receivables40-€2k
Cash at bank and in hand54/58€22k€13k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€48k€66k▲
Equity10/15€35k€51k▲
Contributions10/11€25k€25k=
Reserves13€10k€26k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€7k€23k▲
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€13k€16k▲
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Advances received on contracts in progress46-€110
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€942€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€24k€36k▲
Operating profit (loss)9901€14k€22k▲
Financial income75/76B€53€0▼
Recurring financial income75€53€0▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€10k€18k▲
Income taxes67/77€995€2k▲
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€16k▲
Profit (loss) brought forward from the previous period14P€-2k€0▲
Transfer to equity691/2€7k€16k▲
To other reserves6921€7k€16k▲
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
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €16k ▲69.5%
Operating result €22k, net result €16k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 2.63
Current ratio from 1.25 to 2.63; short-term debt falls from €24k to €13k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
30-09
Financial
Weakest financial yearnet €-38k ▼35172%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €109
Net result €109 after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Menen · 1 establishment unit since 2005
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.
Lentedreef 458930 MenenGround area
1,011 m²
Building footprint
247 m²
Volume, LiDAR
1,247 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PITTA LA PALMERAIE
since 20052.232.473.014
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34032B0043/00Y000 | Flanders | 741 m² | 1 · 112 m² | 7.5 m · 2 fl. |
| 34027D0121/00L002 | Flanders | 270 m² | 1 · 136 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 siteMenen2.232.473.014
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Of 21,627 companies in sector 56112 we hold annual accounts for 9,656. 8,279 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-10-2005
Fiscal year end30-09
Activities, NACEBEL
55301
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.