Losses
-€5.3m in ten years
Every financial year from 2016 to 2025 closed with a loss. 2023 was the heaviest.
VANDEN MEERSSCHE
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1994peak €4.4m (2020)
€1.5m▼ 25.3%
lowest -€880,612 (2023)
-€117,946▲ €418,112
peak €2.6m (2020)
€2.1m▲ 22.5%
€217,415▲ 10.9%
peak 9.7 FTE (2021)
3.8 FTE▲ 11.8%
Board20 names since 2008all names
3 directorsGiosino CORNACCHIA and 2 others
Owners3 names in the annual accounts
100%CARREFOUR BELGIUM and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025financial year
Turnover from €1.9m to €1.5mLoss of €117,946Staff from 3.4 FTE to 3.8 FTEResignation: Sébastien CAYLA (director) 21-103 directors reappointed 07-08Equity from €1.7m to €2.1m
Key points
from the 2025 annual accountsInvestments
€437,907 12.8 × depreciation
Green is investment, beige is depreciation.
Staff
3.8 FTE from 9.7 in 2021
Between 2021 and 2025, 61% of the full-time equivalents disappeared.
Payment terms
42 days to suppliers
VANDEN MEERSSCHE pays its suppliers 15 days later than in 2024. Customers pay 57 days later.
Filings
32 annual accounts since 1994
The last five annual accounts were filed 23 to 37 days before the end of the period.
At the same address
24 companies
Checked score
85
Excellent
Financially stronger than 52% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,280 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.9%▲ +0.1 percentage points vs 04-2025
06-2025: 1.9%● unchanged vs 05-2025
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 1.1%▼ -1.0 percentage point vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 0.6%▼ -0.5 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026
10-2026: 0.4%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €117,946, the second in a row (financial year 2025)
Liquidity: current ratio 10.23, cash €2,345, halved
lowers risk
Founded in 1993
Equity €2.1m (90.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 92% of them on solvency, 54% on liquidity, 16% on profitability and 44% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as VANDEN MEERSSCHE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VANDEN MEERSSCHE itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for VANDEN MEERSSCHE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.23 (9.14 in 2024), above the usual 1.5. Short-term debt is 9.2% and cash 0.1% of total assets. 9.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.1m
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
23 days early
2023
37 days early
2022
27 days early
2021
37 days early
2020
18 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CARREFOUR BELGIUM 100%score 65equity €42.5m (2025) · annual accounts 2025
Recent changes
Capital increase · Amendment of the articles
105 new shares · General meeting of 03-12-2025 · Gazette deed
First establishment
EXPRESS, Waterloosesteenweg 1431, Uccle
Resignation: Sébastien CAYLA (director)
Appointment: Matthias LOCKER (director) · Director discharge: Sébastien CAYLA · General meeting of 24 09 2025 · Gazette deed
3 directors reappointed
Sébastien CAYLA, Giosino CORNACCHIA and Pascal BOON · General meeting of 18-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VANDEN MEERSSCHE Zaventem | €1.5m | -8.3% | 90.5% | 3.8 |
| MEJO Pelt | €1.8m | -13.5% | -73.2% | 3.6 |
| RETAIL SERVICES MANAGEMENT Tournai | €1.1m | 18.2% | 57.8% | 4 |
| ALIMENTATION H. BRASSEUR ET FILS Vresse-sur-Semois | €3.2m | 2.7% | 53.1% | 5.5 |
| A TABLE ! - MAISON FROMAGERE Hannut | €1.6m | 2.0% | 20.3% | 6 |
| BOUKRICHA Saint-Josse-ten-Noode | €1.0m | 4.9% | 85.9% | 3.4 |
| HOBOKEN MARKET Charleroi | €0.9m | 2.7% | 51.5% | 3.4 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VANDEN MEERSSCHE: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €433,000 and €7m, founded between 1981 and 2011.
Official details
Source: KBO- Status
- Active since 12-02-1993Normal situation
- Registered office
- 25 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.384.710.8511180 Uccle, since 05-01-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €2.3m▲ 21.3%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Companies linked to VANDEN MEERSSCHE
Parent and group
Insights on VANDEN MEERSSCHE
VANDEN MEERSSCHE has existed since 1993. In 2017 turnover rose from €1.0m to €2.6m and staff from 0.8 to 2.8 full-time equivalents.
CARREFOUR BELGIUM holds all the shares. In 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VANDEN MEERSSCHE
- What is the company number of VANDEN MEERSSCHE?
- The company number of VANDEN MEERSSCHE is 0449.401.691. The VAT number is the same number with BE in front: BE 0449.401.691.
- Where is VANDEN MEERSSCHE based?
- The registered office is at Da Vincilaan 3, 1930 Zaventem.Company details
- What does VANDEN MEERSSCHE do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of VANDEN MEERSSCHE?
- VANDEN MEERSSCHE is a public limited company (NV).
- When was VANDEN MEERSSCHE founded?
- VANDEN MEERSSCHE was founded on 12-02-1993.
- Is VANDEN MEERSSCHE still active?
- Yes, VANDEN MEERSSCHE is an active enterprise in the KBO register.
- How many employees does VANDEN MEERSSCHE have?
- VANDEN MEERSSCHE had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VANDEN MEERSSCHE fall under?
- In its 2025 annual accounts, VANDEN MEERSSCHE states joint committee 201 (Independent retail).
- What is the turnover of VANDEN MEERSSCHE?
- The turnover of VANDEN MEERSSCHE was €1.5m in financial year 2025, according to the filed annual accounts.
- Is VANDEN MEERSSCHE profitable?
- In financial year 2025, VANDEN MEERSSCHE made a loss of €117,946.
- Where can I find the annual accounts of VANDEN MEERSSCHE?
- VANDEN MEERSSCHE filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VANDEN MEERSSCHE due?
- VANDEN MEERSSCHE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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