VALSIN
ActiveSummary
The computed 12-month bankruptcy probability of VALSIN is 4.4% (elevated). The 2024 annual accounts show equity of €92,589 and a net result of €19,412. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 18935 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 6.56 against 10.37 in 2023; short-term debt: 14.8% and cash: 90.9% of total assets), and 16% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
58 d late
2022
45 d early
2021
27 d late
2020
61 d late
2019
35 d early
← 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 16 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€92,589▲ 26.5%
2023 · €73,177
Total assets
€110,196▲ 29.2%
2023 · €85,309
Net result
€19,412▼ 5.9%
2023 · €20,623
Working capital
€90,530▲ 24.9%
2023 · €72,497
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
Operating result€2,787▼ 49.3%€33,868▲ 1,115%€4,605▼ 86.4%€20,983▲ 356%€26,557▲ 26.6%
Net result€2,335within the sector's middle half▼ 56.9%€33,742above the sector's middle half▲ 1,345%€1,831within the sector's middle half▼ 94.6%€20,623above the sector's middle half▲ 1,026%€19,412within the sector's middle half▼ 5.9%
Equity€16,981within the sector's middle half▲ 15.9%€50,723within the sector's middle half▲ 199%€52,554within the sector's middle half▲ 3.6%€73,177within the sector's middle half▲ 39.2%€92,589above the sector's middle half▲ 26.5%
Total assets€17,999below the sector's middle half▲ 15.8%€66,271within the sector's middle half▲ 268%€58,329within the sector's middle half▼ 12.0%€85,309within the sector's middle half▲ 46.3%€110,196within the sector's middle half▲ 29.2%
Debt€1,018▲ 14.1%€15,548▲ 1,427%€5,775▼ 62.9%€12,132▲ 110%€17,607▲ 45.1%
Working capital€15,511within the sector's middle half▲ 22.3%€61,353above the sector's middle half▲ 296%€47,453above the sector's middle half▼ 22.7%€72,497above the sector's middle half▲ 52.8%€90,530above the sector's middle half▲ 24.9%
Solvency94.3%above the sector's middle half▲ 0.1pp76.5%above the sector's middle half▼ 17.8pp90.1%above the sector's middle half▲ 13.6pp85.8%above the sector's middle half▼ 4.3pp84.0%above the sector's middle half▼ 1.8pp
Current ratio16.23above the sector's middle half▲ 1.0216.58above the sector's middle half▲ 0.3414.10above the sector's middle half▼ 2.4810.37above the sector's middle half▼ 3.736.56above the sector's middle half▼ 3.81
Return on assets (ROA)13.0%within the sector's middle half▼ 21.9pp50.9%above the sector's middle half▲ 37.9pp3.1%within the sector's middle half▼ 47.8pp24.2%above the sector's middle half▲ 21.0pp17.6%above the sector's middle half▼ 6.6pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €110,196
Fixed assets
€3,381 ▼ 33.3%
Current assets
€106,814 ▲ 33.1%
Equity and liabilities €110,196
Equity
€92,589 ▲ 26.5%
Debt
€17,607 ▲ 45.1%
Debt's share of the balance-sheet total rises from 14.2% to 16.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,247▲
2023 · €23,163
Cash flow
€21,103▼
2023 · €22,803
Quick ratio
6.49▼
2023 · 10.25
Debt to equity
0.19▲
2023 · 0.17
ROE
21.0%▼
2023 · 28.2%
Interest coverage
44.61▼
2023 · 64.37
Debt ≤ 1 year
€16,285▲
2023 · €7,740
Debt > 1 year
€1,322▼
2023 · €4,393
Income taxes
€6,512
Staff costs
€20,051▲
2023 · €13,804
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,414 | €8,545 | €13,804 | €20,051 | ▲ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €490 | €490 | €2,181 | €2,181 | €1,691 | ▼ 22.5% |
| Other operating charges640/8 | - | - | €5,640 | €3,575 | €6,444 | ▲ 80.2% |
| Gross operating margin9900 | €3,989 | €37,772 | €20,971 | €40,542 | €54,742 | ▲ 35.0% |
| Operating profit (loss)9901 | €2,787 | €33,868 | €4,605 | €20,983 | €26,557 | ▲ 26.6% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €125 | €956 | €360 | €633 | ▲ 75.9% |
| Recurring financial charges65 | €216 | €125 | €956 | €360 | €633 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | €2,572 | €33,742 | €3,649 | €20,623 | €25,924 | ▲ 25.7% |
| Income taxes67/77 | €237 | - | €1,818 | - | €6,512 | - |
| Profit (loss) for the period9904 | €2,335 | €33,742 | €1,831 | €20,623 | €19,412 | ▼ 5.9% |
| Profit (loss) for the period to be appropriated9905 | €2,335 | €33,742 | €1,831 | €20,623 | €19,412 | ▼ 5.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,999 | €66,271 | €58,329 | €85,309 | €110,196 | ▲ 29.2% |
| Fixed assets21/28 | €1,470 | €980 | €7,253 | €5,072 | €3,381 | ▼ 33.3% |
| Tangible fixed assets22/27 | €1,470 | €980 | €7,253 | €5,072 | €3,381 | ▼ 33.3% |
| Furniture and vehicles24 | - | €980 | €7,253 | €5,072 | €3,381 | ▼ 33.3% |
| Current assets29/58 | €16,529 | €65,291 | €51,076 | €80,237 | €106,814 | ▲ 33.1% |
| Stocks and contracts in progress3 | €259 | €217 | €875 | €882 | €1,205 | ▲ 36.6% |
| Stocks30/36 | - | €217 | €875 | €882 | €1,205 | ▲ 36.6% |
| Amounts receivable within one year40/41 | €2,508 | €2,411 | €1,804 | - | €2,447 | - |
| Trade receivables40 | - | - | - | - | €2,000 | - |
| Other amounts receivable41 | - | €2,411 | €1,804 | - | €447 | - |
| Cash at bank and in hand54/58 | €12,968 | €61,846 | €46,598 | €79,355 | €100,136 | ▲ 26.2% |
| Deferred charges and accrued income490/1 | - | €818 | €1,800 | - | €3,026 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,999 | €66,271 | €58,329 | €85,309 | €110,196 | ▲ 29.2% |
| Equity10/15 | €16,981 | €50,723 | €52,554 | €73,177 | €92,589 | ▲ 26.5% |
| Contributions10/11 | - | €13,575 | €13,575 | €13,575 | €13,575 | = |
| Outside capital11 | - | €13,575 | €13,575 | - | - | - |
| Other1109/19 | - | €13,575 | €13,575 | - | - | - |
| Profit (loss) carried forward14 | €3,406 | €37,148 | €38,979 | €59,602 | €79,014 | ▲ 32.6% |
| Amounts payable17/49 | €1,018 | €15,548 | €5,775 | €12,132 | €17,607 | ▲ 45.1% |
| Amounts payable after more than one year17 | - | - | €2,152 | €4,393 | €1,322 | ▼ 69.9% |
| Financial debts170/4 | - | - | €2,152 | €4,393 | €1,322 | ▼ 69.9% |
| Amounts payable within one year42/48 | €1,018 | €3,938 | €3,623 | €7,740 | €16,285 | ▲ 110% |
| Current portion of amounts payable after more than one year42 | - | - | €1,312 | €3,615 | €3,071 | ▼ 15.1% |
| Trade debts44 | €818 | €930 | €1,532 | €1,821 | €6,939 | ▲ 281% |
| Suppliers440/4 | - | €930 | €1,532 | €1,821 | €6,939 | ▲ 281% |
| Taxes, remuneration and social security45 | - | €201 | - | €1,385 | €997 | ▼ 28.0% |
| Taxes450/3 | - | - | - | €580 | €51 | ▼ 91.3% |
| Remuneration and social security454/9 | - | €201 | - | €805 | €947 | ▲ 17.5% |
| Other amounts payable47/48 | - | €2,807 | €779 | €919 | €5,278 | ▲ 475% |
| Accrued charges and deferred income492/3 | - | €11,610 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,335 | €33,742 | €1,831 | €20,623 | €19,412 | ▼ 5.9% |
| + Depreciation and write-downs630 | €490 | €490 | €2,181 | €2,181 | €1,691 | ▼ 22.5% |
| Operating cash flow (approximation) | €2,825 | €34,232 | €4,011 | €22,803 | €21,103 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | €0 | -€8,453 | €0 | €0 | - |
| Change in cash | - | €48,879 | -€15,249 | €32,757 | €20,781 | ▼ 36.6% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Highest result since 2018net €33,742 ▲1,345%
Operating result €33,868, net result €33,742, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Schaarbeek · 2 establishment units since 2017
Ground area
259 m²
Building footprint
257 m²
Volume, LiDAR
2,935 m³
2 parcels, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
VALSIN
since 20172.266.884.654
VALSIN
since 20252.370.133.236
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0235/00P002 | Brussels | 152 m² | 1 · 152 m² | 18.5 m · 5 fl. |
| 21903B0203/00R002 | Brussels | 107 m² | 1 · 105 m² | 15.3 m · 4 fl. |
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 siteSchaarbeek2.370.133.236
Similar companies · same sector, comparable size
DITRITAN BRUSSELS
BE 0525.894.903
Anderlecht · Eq €92,745
Bolonys
BE 0782.631.137
Leuven · Eq €92,755
Café De Beurs
BE 0788.339.784
Turnhout · Eq €92,762
SWAF
BE 0873.767.090
Dilbeek · Eq €92,367
UNIDU
BE 1009.121.781
Liège · Eq €92,339
Of 14,001 companies in sector 56301 we hold annual accounts for 4,899. 3,758 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676969235
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.