Vandererfven
ActiveSummary
The computed 12-month bankruptcy probability of Vandererfven is 1.6% (moderate). The 2025 annual accounts show equity of €159,562 and a net result of €115,557. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 3762 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+2
Solvency45▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.57 in 2024; short-term debt: 39.6% and cash: 11.7% of total assets), and 80.1% of the assets are financed with debt.
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Signals
Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19.9%
Return on assets
14.4%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 23-04-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
5 d early
2022
2 d early
2021
3 d early
2020
9 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€159,562▲ 53.4%
2024 · €104,008
Total assets
€803,406▼ 15.0%
2024 · €945,115
Net result
€115,557▼ 8.3%
2024 · €125,986
Working capital
-€176,939▼ 2.1%
2024 · -€173,354
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
Line20212022202320242025
Operating result€74,834▲ 391%€114,437▲ 52.9%€138,360▲ 20.9%€169,997▲ 22.9%€167,805▼ 1.3%
Net result€52,372above the sector's middle half▲ 1,022%€79,415above the sector's middle half▲ 51.6%€105,768above the sector's middle half▲ 33.2%€125,986above the sector's middle half▲ 19.1%€115,557above the sector's middle half▼ 8.3%
Equity€102,040above the sector's middle half▲ 105%€102,454above the sector's middle half▲ 0.4%€103,022above the sector's middle half▲ 0.6%€104,008within the sector's middle half▲ 1.0%€159,562within the sector's middle half▲ 53.4%
Total assets€838,631above the sector's middle half▲ 5.6%€871,216above the sector's middle half▲ 3.9%€891,112above the sector's middle half▲ 2.3%€945,115within the sector's middle half▲ 6.1%€803,406within the sector's middle half▼ 15.0%
Debt€736,591▼ 1.0%€768,761▲ 4.4%€788,089▲ 2.5%€841,107▲ 6.7%€643,844▼ 23.5%
Working capital-€37,779below the sector's middle half▲ 41.3%-€71,993below the sector's middle half▼ 90.6%-€101,043below the sector's middle half▼ 40.4%-€173,354below the sector's middle half▼ 71.6%-€176,939below the sector's middle half▼ 2.1%
Solvency12.2%within the sector's middle half▲ 5.9pp11.8%within the sector's middle half▼ 0.4pp11.6%within the sector's middle half▼ 0.2pp11.0%within the sector's middle half▼ 0.6pp19.9%within the sector's middle half▲ 8.9pp
Current ratio0.80within the sector's middle half▲ 0.280.73within the sector's middle half▼ 0.070.66within the sector's middle half▼ 0.060.57below the sector's middle half▼ 0.090.44below the sector's middle half▼ 0.13
Return on assets (ROA)6.2%within the sector's middle half▲ 5.7pp9.1%within the sector's middle half▲ 2.9pp11.9%within the sector's middle half▲ 2.8pp13.3%within the sector's middle half▲ 1.5pp14.4%above the sector's middle half▲ 1.1pp
Staff (FTE)1.5▼ 21.1%3.5▲ 133%2.4▼ 31.4%3.9within the sector's middle half▲ 62.5%3.8within the sector's middle half▼ 2.6%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €803,406
Fixed assets
€661,939 ▼ 7.2%
Current assets
€141,467 ▼ 39.0%
Equity and liabilities €803,406
Equity
€159,562 ▲ 53.4%
Debt
€643,844 ▼ 23.5%
Debt's share of the balance-sheet total falls from 89.0% to 80.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233,267▲
2024 · €230,399
Cash flow
€181,019▼
2024 · €186,387
Quick ratio
0.42▼
2024 · 0.55
Debt to equity
4.04▼
2024 · 8.09
ROE
72.4%▼
2024 · 121.1%
Interest coverage
22.27▲
2024 · 17.61
Debt ≤ 1 year
€318,407▼
2024 · €405,208
Debt > 1 year
€317,046▼
2024 · €435,899
Income taxes
€43,361▲
2024 · €30,931
Staff costs
€224,715▲
2024 · €202,325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €750 | €0 | €10,741 | €0 | - | - |
| Remuneration, social security and pensions62 | €77,889 | €153,701 | €158,967 | €202,325 | €224,715 | ▲ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,200 | €51,499 | €49,159 | €60,402 | €65,461 | ▲ 8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,500 | €0 | - | - | - |
| Other operating charges640/8 | €3,862 | €4,729 | €5,644 | €4,325 | €4,778 | ▲ 10.5% |
| Gross operating margin9900 | €205,784 | €326,865 | €352,129 | €437,049 | €462,760 | ▲ 5.9% |
| Operating profit (loss)9901 | €74,834 | €114,437 | €138,360 | €169,997 | €167,805 | ▼ 1.3% |
| Financial income75/76B | €35 | €14 | €363 | €1 | €1,587 | ▲ 283,350% |
| Recurring financial income75 | €35 | €14 | €363 | €1 | €1,587 | ▲ 283,350% |
| Financial charges65/66B | €9,720 | €9,616 | €9,364 | €13,081 | €10,475 | ▼ 19.9% |
| Recurring financial charges65 | €9,720 | €9,616 | €9,364 | €13,081 | €10,475 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €65,149 | €104,835 | €129,359 | €156,916 | €158,918 | ▲ 1.3% |
| Income taxes67/77 | €12,777 | €25,420 | €23,591 | €30,931 | €43,361 | ▲ 40.2% |
| Profit (loss) for the period9904 | €52,372 | €79,415 | €105,768 | €125,986 | €115,557 | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €52,372 | €79,415 | €105,768 | €125,986 | €115,557 | ▼ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €838,631 | €871,216 | €891,112 | €945,115 | €803,406 | ▼ 15.0% |
| Fixed assets21/28 | €691,644 | €681,295 | €693,457 | €713,261 | €661,939 | ▼ 7.2% |
| Tangible fixed assets22/27 | €691,644 | €681,295 | €693,457 | €713,261 | €661,939 | ▼ 7.2% |
| Land and buildings22 | €621,998 | €601,032 | €580,339 | €560,461 | €541,341 | ▼ 3.4% |
| Plant, machinery and equipment23 | €20,270 | €12,639 | €9,591 | €26,858 | €27,147 | ▲ 1.1% |
| Furniture and vehicles24 | €49,376 | €67,625 | €103,527 | €125,942 | €93,451 | ▼ 25.8% |
| Current assets29/58 | €146,987 | €189,921 | €197,655 | €231,854 | €141,467 | ▼ 39.0% |
| Stocks and contracts in progress3 | €10,000 | €7,500 | €7,000 | €7,000 | €6,500 | ▼ 7.1% |
| Stocks30/36 | €10,000 | €7,500 | €7,000 | €7,000 | €6,500 | ▼ 7.1% |
| Amounts receivable within one year40/41 | €99,247 | €69,529 | €31,292 | €59,768 | €39,380 | ▼ 34.1% |
| Trade receivables40 | €98,836 | €69,117 | €30,881 | €59,357 | €39,380 | ▼ 33.7% |
| Other amounts receivable41 | €411 | €411 | €411 | €411 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €34,616 | €109,922 | €158,235 | €163,901 | €94,342 | ▼ 42.4% |
| Deferred charges and accrued income490/1 | €3,125 | €2,970 | €1,127 | €1,185 | €1,245 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €838,631 | €871,216 | €891,112 | €945,115 | €803,406 | ▼ 15.0% |
| Equity10/15 | €102,040 | €102,454 | €103,022 | €104,008 | €159,562 | ▲ 53.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,440 | €83,854 | €84,422 | €85,408 | €140,962 | ▲ 65.0% |
| Non-distributable reserves130/1 | €1,320 | €1,320 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,320 | - | - | - | - | - |
| Other1319 | - | €1,320 | €0 | - | - | - |
| Distributable reserves133 | €82,120 | €82,534 | €84,422 | €85,408 | €140,962 | ▲ 65.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €736,591 | €768,761 | €788,089 | €841,107 | €643,844 | ▼ 23.5% |
| Amounts payable after more than one year17 | €551,145 | €506,847 | €489,392 | €435,899 | €317,046 | ▼ 27.3% |
| Financial debts170/4 | €551,145 | €506,847 | €489,392 | €435,899 | €317,046 | ▼ 27.3% |
| Amounts payable within one year42/48 | €184,766 | €261,914 | €298,698 | €405,208 | €318,407 | ▼ 21.4% |
| Current portion of amounts payable after more than one year42 | €63,808 | €67,380 | €63,509 | €95,712 | €88,516 | ▼ 7.5% |
| Trade debts44 | €89,459 | €72,786 | €57,765 | €58,769 | €84,638 | ▲ 44.0% |
| Suppliers440/4 | €89,459 | €72,786 | €57,765 | €58,769 | €84,638 | ▲ 44.0% |
| Taxes, remuneration and social security45 | €30,938 | €39,411 | €37,440 | €51,868 | €45,077 | ▼ 13.1% |
| Taxes450/3 | €7,978 | €23,612 | €18,955 | €30,605 | €24,454 | ▼ 20.1% |
| Remuneration and social security454/9 | €22,960 | €15,800 | €18,485 | €21,262 | €20,623 | ▼ 3.0% |
| Other amounts payable47/48 | €561 | €82,336 | €139,983 | €198,859 | €100,175 | ▼ 49.6% |
| Accrued charges and deferred income492/3 | €681 | €0 | - | - | €8,392 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,372 | €79,415 | €105,768 | €125,986 | €115,557 | ▼ 8.3% |
| + Depreciation and write-downs630 | €49,200 | €51,499 | €49,159 | €60,402 | €65,461 | ▲ 8.4% |
| Operating cash flow (approximation) | €101,571 | €130,914 | €154,927 | €186,387 | €181,019 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | -€41,150 | -€61,321 | -€80,206 | -€14,140 | ▲ 82.4% |
| Change in cash | - | €75,306 | €48,313 | €5,665 | -€69,559 | ▼ 1,328% |
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
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €150,000Eq €159,562 ▲53.4%
7 profitable years in a row build equity to €159,562.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2019net €125,986 ▲19.1%
Operating result €169,997, net result €125,986, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100,000Eq €102,040 ▲105%
3 profitable years in a row build equity to €102,040.
21-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €4,668 ▼82.3%
Net result drops to €4,668, the lowest in the series; recovery starts the following year.
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Anzegem · 1 establishment unit since 2018
Ground area
1,015 m²
Building footprint
354 m²
Volume, LiDAR
2 m³
Parcel 34038A0122/00C002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Traiteur Vincent
since 20182.277.893.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038A0122/00C002 | Flanders | 1,015 m² | 1 · 354 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 siteAnzegem2.277.893.758
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,842 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
Founded02-07-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699494516
Also
9925:BE0699494516
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.