VAKA STYLE
Open bankruptcyA bankruptcy procedure is open for VAKA STYLE according to publications in the Belgian State Gazette; curator: JEAN-GREGOIRE SEPULCHRE. The 2025 annual accounts show equity of €682 and a net result of €-438.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-11-2025, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
13 d early
2023
17 d late
2022
2 d late
2021
33 d early
2020
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€682▼ 39.1%
2024 · €1k
2020: €2k
2021: €4k
2022: €14k
2023: €5k
2024: €1k
2020 → 2025
Total assets
€46k▼ 19.7%
2024 · €57k
2020: €83k
2021: €90k
2022: €89k
2023: €59k
2024: €57k
2020 → 2025
Net result
€-438▲ 89.7%
2024 · €-4k
2020: €-10k
2021: €2k
2022: €10k
2023: €-9k
2024: €-4k
2020 → 2025
Working capital
€-31k▲ 17.6%
2024 · €-38k
2020: €-6k
2021: €-14k
2022: €-14k
2023: €-33k
2024: €-38k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€14k▲ 216%€5k▼ 62.2%€1k▼ 79.1%€682▼ 39.1%
Operating result€4k-€12k▲ 227%€-8k€-872▲ 88.6%€3k
Net result€2k-€10k▲ 316%€-9k€-4k▲ 51.9%€-438▲ 89.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €872 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€32k▼ 18.3%
Current assets
€14k▼ 22.8%
Equity and liabilities €46k
Equity
€682▼ 39.1%
Debt
€45k▼ 19.3%
The debt ratio rises from 98.0% to 98.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▲
2024 · €6k
Cash flow
€7k▲
2024 · €3k
Solvency
1.5%▼
2024 · 2.0%
Current ratio
0.31▼
2024 · 0.33
Quick ratio
0.29▼
2024 · 0.32
ROA
-1.0%▲
2024 · -7.4%
Interest coverage
11.94▲
2024 · 4.64
Debt
€45k▼
2024 · €56k
Debt ≤ 1 year
€45k▼
2024 · €56k
Income taxes
€2k▲
2024 · €2k
Staff costs
€44k▼
2024 · €49k
Equity ratios withheld: equity of €682 is too small for a meaningful ratio.
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€57k€46k▼
Fixed assets21/28€39k€32k▼
Tangible fixed assets22/27€34k€27k▼
Plant, machinery and equipment23€379-
Furniture and vehicles24€396-
Other tangible fixed assets26€34k€27k▼
Financial fixed assets28€5k€5k=
Current assets29/58€18k€14k▼
Stocks and contracts in progress3€622€848▲
Stocks30/36€622€848▲
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€11k€7k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€57k€46k▼
Equity10/15€1k€682▼
Contributions10/11€13k€13k=
Capital10€13k€13k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€500€500=
Non-distributable reserves130/1€500€500=
Legal reserve130€500€500=
Profit (loss) carried forward14€-12k€-12k▼
Amounts payable17/49€56k€45k▼
Amounts payable within one year42/48€56k€45k▼
Current portion of amounts payable after more than one year42€7k-
Trade debts44€17k€12k▼
Suppliers440/4€17k€12k▼
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€25k€22k▼
Taxes450/3€7k€12k▲
Remuneration and social security454/9€17k€10k▼
Other amounts payable47/48€7k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€5k€668▼
Gross operating margin9900€60k€55k▼
Operating profit (loss)9901€-872€3k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1k€835▼
Recurring financial charges65€1k€835▼
Profit (loss) for the period before taxes9903€-2k€2k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-4k€-438▲
Profit (loss) for the period to be appropriated9905€-4k€-438▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-12k▼
Profit (loss) brought forward from the previous period14P€-8k€-12k▼
The notes to these accounts (4 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
10-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · VAKA STYLE SRL RUE DE BRUXELLES 24, 5000 NAMUR · event 02-04-2026
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2022
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
31-03
Financial
Highest result since 2020net €10k ▲316%
Operating result €12k, net result €10k, both a record.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-10-2025
KALKAN Nathalie: Resigned as Director
01-10-2019
ARAPOGLU Alex: Resigned as Manager
27-03-2019
Kalkan Vera: Resigned as Managing director
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2019
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.
Rue de Bruxelles 245000 NamurGround area
241 m²
Building footprint
85 m²
Volume, LiDAR
1,259 m³
Parcel 92094C0096/00A000, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
My Cham's
since 20192.295.952.782
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0096/00A000 | Wallonia | 241 m² | 1 · 85 m² | 17.6 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN-GREGOIRE SEPULCHRE PLACE DE
SEURRE 34B, 5570 BEAURAING |
02-04-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.295.952.782
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 1,152 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-03-2019
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0487919096