VAN GOGH
ActiveThe computed 12-month bankruptcy probability of VAN GOGH is 1.6% (moderate). The 2025 annual accounts show equity of €126k and a net result of €-375. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 69% of 13061 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-48
Solvency84▼-4
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.58 in 2024), and 47.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
34 d early
2023
28 d early
2022
26 d early
2021
25 d early
2020
25 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▼ 25.5%
2024 · €170k
2018: €20k
2019: €33k
2020: €81k
2021: €136k
2022: €116k
2023: €153k
2024: €170k
2018 → 2025
Total assets
€243k▼ 17.6%
2024 · €295k
2018: €108k
2019: €142k
2020: €193k
2021: €246k
2022: €242k
2023: €312k
2024: €295k
2018 → 2025
Net result
€-375
2024 · €16k
2018: €16k
2019: €13k
2020: €48k
2021: €55k
2022: €28k
2023: €37k
2024: €16k
2018 → 2025
Working capital
€55k▼ 22.2%
2024 · €71k
2018: €-17k
2019: €3k
2020: €52k
2021: €74k
2022: €58k
2023: €44k
2024: €71k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€116k▼ 14.5%€153k▲ 32.0%€170k▲ 10.7%€126k▼ 25.5%
Operating result€76k-€40k▼ 47.3%€48k▲ 20.4%€26k▼ 46.0%€2k▼ 93.3%
Net result€55k-€28k▼ 48.7%€37k▲ 32.5%€16k▼ 55.9%€-375
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 93% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243k
Fixed assets
€72k▼ 27.6%
Current assets
€170k▼ 12.5%
Equity and liabilities €243k
Equity
€126k▼ 25.5%
Debt
€116k▼ 7.0%
The debt ratio rises from 42.4% to 47.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€35k▼
2024 · €60k
Cash flow
€33k▼
2024 · €50k
Solvency
52.1%▼
2024 · 57.6%
Current ratio
1.48▼
2024 · 1.58
Quick ratio
1.38▼
2024 · 1.47
Debt / equity
0.92▲
2024 · 0.74
ROE
-0.3%▼
2024 · 9.7%
ROA
-0.2%▼
2024 · 5.6%
Interest coverage
15.08▲
2024 · 13.87
Debt
€116k▼
2024 · €125k
Debt ≤ 1 year
€115k▼
2024 · €123k
Debt > 1 year
€0▼
2024 · €852
Income taxes
€2k▼
2024 · €7k
Staff costs
€296k▲
2024 · €296k
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€295k€243k▼
Fixed assets21/28€100k€72k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€98k€71k▼
Plant, machinery and equipment23€29k€19k▼
Furniture and vehicles24€68k€47k▼
Other tangible fixed assets26€2k€5k▲
Current assets29/58€194k€170k▼
Stocks and contracts in progress3€13k€11k▼
Stocks30/36€13k€11k▼
Amounts receivable within one year40/41€91k€78k▼
Trade receivables40€62k€33k▼
Other amounts receivable41€29k€45k▲
Cash at bank and in hand54/58€59k€62k▲
Deferred charges and accrued income490/1€32k€19k▼
Equity and liabilities
Total equity and liabilities10/49€295k€243k▼
Equity10/15€170k€126k▼
Contributions10/11€19k€19k=
Reserves13€151k€108k▼
Distributable reserves133€151k€108k▼
Profit (loss) carried forward14-€-375
Amounts payable17/49€125k€116k▼
Amounts payable after more than one year17€852€0▼
Financial debts170/4€852€0▼
Amounts payable within one year42/48€123k€115k▼
Current portion of amounts payable after more than one year42€10k€852▼
Financial debts43€6k€0▼
Credit institutions430/8€6k€0▼
Trade debts44€68k€31k▼
Suppliers440/4€68k€31k▼
Taxes, remuneration and social security45€40k€41k▲
Taxes450/3€9k€5k▼
Remuneration and social security454/9€30k€35k▲
Other amounts payable47/48-€43k
Accrued charges and deferred income492/3€750€1k▲
Income statement
Code20242025
Non-recurring operating income76A€165€0▼
Remuneration, social security and pensions62€296k€296k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10k
Other operating charges640/8€6k€5k▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€364k€346k▼
Operating profit (loss)9901€26k€2k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Non-recurring financial income76B€0-
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€24k€1k▼
Income taxes67/77€7k€2k▼
Profit (loss) for the period9904€16k€-375▼
Profit (loss) for the period to be appropriated9905€16k€-375▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-375▼
Transfer from equity791/2-€43k
Transfer to equity691/2€16k€0▼
To other reserves6921€16k€0▼
Profit to be distributed694/7-€43k
Return on contributions (dividend)694-€43k
The notes to these accounts (13 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-375 ▼102%
Net result drops to €-375, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €153k ▲32%
6 profitable years in a row build equity to €153k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €55k ▲14.1%
Operating result €76k, net result €55k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲67.5%
4 profitable years in a row build equity to €136k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Middelkerke · 2 establishment units since 1996
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.
Vaartdijk-Noord 208432 MiddelkerkeGround area
979 m²
Building footprint
420 m²
Volume, LiDAR
2,119 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VAN GOGH
since 19962.077.105.243
VAN GOGH
since 20182.273.722.461
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020A0169/00Z000 | Flanders | 640 m² | 1 · 311 m² | 10.0 m · 2 fl. |
| 35008B0478/00S002 | Flanders | 339 m² | 1 · 109 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.077.105.243
Dual-learning approval
4 live approvals · 10 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Similar companies · same sector, comparable size
TEX MEX
BE 0461.547.378
Oostende · Eq €126k
LA CIVIERE D'OR
BE 0426.507.911
Brugge · Eq €126k
Leroe
BE 0536.993.879
Vosselaar · Eq €126k
BAVAC
BE 0863.927.926
Gent · Eq €126k
TABLES LIER
BE 0898.846.738
Ranst · Eq €126k
Of 20,231 companies in sector 56111 we hold annual accounts for 11,311. 9,194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-1996
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.