VANPEN
ActiveThe computed 12-month bankruptcy probability of VANPEN is 3.1% (moderate). The 2025 annual accounts show equity of €30k and a net result of €-7k. Equity is growing by ~40.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 13091 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-44
Solvency91▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.27 in 2024; short-term debt: 34.2% and cash: 42% of total assets), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.8%
Return on assets
-15.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
11 d early
2023
6 d early
2022
1 d early
2021
12 d early
2020
10 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 18.7%
2024 · €36k
2019: €-20k
2020: €-15k
2021: €-2k
2022: €22k
2023: €27k
2024: €36k
2019 → 2025
Total assets
€45k▼ 17.5%
2024 · €54k
2019: €9k
2020: €5k
2021: €16k
2022: €27k
2023: €32k
2024: €54k
2019 → 2025
Net result
€-7k
2024 · €9k
2019: €8k
2020: €5k
2021: €13k
2022: €25k
2023: €5k
2024: €9k
2019 → 2025
Working capital
€4k▼ 15.1%
2024 · €5k
2019: €-24k
2020: €-18k
2021: €-4k
2022: €21k
2023: €25k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€22k€27k▲ 21.1%€36k▲ 33.3%€30k▼ 18.7%
Operating result€12k-€24k▲ 96.4%€4k▼ 81.2%€9k▲ 101%€-7k
Net result€13k-€25k▲ 93.8%€5k▼ 80.8%€9k▲ 91.4%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€25k▼ 19.2%
Current assets
€19k▼ 15.1%
Equity and liabilities €45k
Equity
€30k▼ 18.7%
Debt
€15k▼ 15.1%
The debt ratio rises from 33.2% to 34.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€495▼
2024 · €11k
Cash flow
€230▼
2024 · €11k
Solvency
65.8%▼
2024 · 66.8%
Current ratio
1.27=
2024 · 1.27
Quick ratio
1.23▲
2024 · 1.22
Debt / equity
0.52▲
2024 · 0.50
ROE
-22.9%▼
2024 · 25.0%
ROA
-15.1%▼
2024 · 16.7%
Interest coverage
5.50▼
2024 · 106.30
Debt
€15k▼
2024 · €18k
Debt ≤ 1 year
€15k▼
2024 · €18k
Income taxes
€255▲
2024 · €30
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€54k€45k▼
Fixed assets21/28€31k€25k▼
Tangible fixed assets22/27€31k€25k▼
Plant, machinery and equipment23€906€636▼
Furniture and vehicles24€30k€25k▼
Financial fixed assets28€90€90=
Current assets29/58€23k€19k▼
Stocks and contracts in progress3€979€636▼
Stocks30/36€979€636▼
Amounts receivable within one year40/41€1k€24▼
Trade receivables40€63€24▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€20k€19k▼
Deferred charges and accrued income490/1€426-
Equity and liabilities
Total equity and liabilities10/49€54k€45k▼
Equity10/15€36k€30k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€18k€11k▼
Amounts payable17/49€18k€15k▼
Amounts payable within one year42/48€18k€15k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3-€355
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€14k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€7k▲
Other operating charges640/8€3k€857▼
Gross operating margin9900€13k€1k▼
Operating profit (loss)9901€9k€-7k▼
Financial income75/76B€211€80▼
Recurring financial income75€211€80▼
Financial charges65/66B€101€90▼
Recurring financial charges65€101€90▼
Profit (loss) for the period before taxes9903€9k€-7k▼
Income taxes67/77€30€255▲
Profit (loss) for the period9904€9k€-7k▼
Profit (loss) for the period to be appropriated9905€9k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€11k▼
Profit (loss) brought forward from the previous period14P€9k€18k▲
The notes to these accounts (6 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
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-7k ▼175%
Net result drops to €-7k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €25k ▲93.8%
Operating result €24k, net result €25k, both a record.
30-06
Financial
Liquidity times 7current ratio 5.83
Current ratio from 0.80 to 5.83; short-term debt falls from €18k to €4k.
19-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2009
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.
Handelsstraat 55-571000 BrusselGround area
113 m²
Parcel 21805E0379/00D000, Brussels. Linked by address, not a title deed.
1 establishment unit
KHUN MAY
since 20092.177.592.986
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0379/00D000 | Brussels | 113 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.177.592.986
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LES FILLES DE PAPA
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 8,380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-02-2009
Fiscal year end30-06
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.