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VanVin

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Private limited company (pre-2019)founded 2010Rondplein 11, 1860 Meise, BelgiumKBO/BCE: BE 0822.394.110
VanVinOpen bankruptcy

Financials · financial year 2024, micro format

2024 annual accounts filed 104 days after the deadline Filed on 12 November 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00567232.

Annual accounts 2024 filed on 12-11-2025 PDF all 15 filings

Equity
€4,629▼ 90.4%
2023 · €48,004
Total assets
€60,882▼ 31.7%
2023 · €89,182
Net result
-€43,375▼ 49.9%
2023 · -€28,928
Working capital
-€13,041
2023 · €23,488
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result for 2024 is a loss of €38,004, larger than the loss of €20,686 in 2023. It is the lowest result since 2020.

Operating result-€38,004 2024 Net result-€43,375 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Operating result-€34,647-€49,861-€15,030€15,143-€17,086-€20,686▼ 21.1%-€38,004▼ 83.7%
Net result-€34,991-€41,055-€16,150below the sector's middle half€13,737within the sector's middle half-€22,176below the sector's middle half-€28,928below the sector's middle half▼ 30.4%-€43,375below the sector's middle half▼ 49.9%
Equity€60,465-€101,520▲ 67.9%€85,371above the sector's middle half▼ 15.9%€99,107above the sector's middle half▲ 16.1%€76,932within the sector's middle half▼ 22.4%€48,004within the sector's middle half▼ 37.6%€4,629within the sector's middle half▼ 90.4%
Total assets€144,451-€141,766▼ 1.9%€112,219within the sector's middle half▼ 20.8%€133,505within the sector's middle half▲ 19.0%€125,291within the sector's middle half▼ 6.2%€89,182within the sector's middle half▼ 28.8%€60,882within the sector's middle half▼ 31.7%
Debt€83,986-€40,245▼ 52.1%€26,849▼ 33.3%€34,398▲ 28.1%€48,359▲ 40.6%€41,178▼ 14.8%€56,253▲ 36.6%
Working capital€21,439-€68,628▲ 220%€55,298above the sector's middle half▼ 19.4%€65,608above the sector's middle half▲ 18.6%€47,865above the sector's middle half▼ 27.0%€23,488within the sector's middle half▼ 50.9%-€13,041within the sector's middle half
Solvency41.9%-71.6%▲ 29.8pp76.1%above the sector's middle half▲ 4.5pp74.2%above the sector's middle half▼ 1.8pp61.4%above the sector's middle half▼ 12.8pp53.8%within the sector's middle half▼ 7.6pp7.6%within the sector's middle half▼ 46.2pp
Current ratio1.26-2.79▲ 1.533.10above the sector's middle half▲ 0.312.91above the sector's middle half▼ 0.191.99within the sector's middle half▼ 0.921.57within the sector's middle half▼ 0.420.77within the sector's middle half▼ 0.80
Return on assets (ROA)-24.2%-29.0%▲ 53.2pp-14.4%below the sector's middle half▼ 43.4pp10.3%within the sector's middle half▲ 24.7pp-17.7%below the sector's middle half▼ 28.0pp-32.4%below the sector's middle half▼ 14.7pp-71.2%below the sector's middle half▼ 38.8pp
Staff (FTE)7.6-5.9▼ 22.4%4.5above the sector's middle half▼ 23.7%3.6▼ 20.0%3.1▼ 13.9%
above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60,882
Fixed assets €17,670 ▼ 27.9%
Current assets €43,211 ▼ 33.2%
Equity and liabilities €60,882
Equity €4,629 ▼ 90.4%
Debt €56,253 ▲ 36.6%
Debt's share of the balance-sheet total rises from 46.2% to 92.4%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€31,159▼
2023 · -€12,789
Cash flow
-€36,530▼
2023 · -€21,031
Quick ratio
0.58▼
2023 · 1.26
Debt to equity
12.15▲
2023 · 0.86
ROE
-937.0%▼
2023 · -60.3%
Interest coverage
-5.75▼
2023 · -1.52
Debt ≤ 1 year
€56,253▲
2023 · €41,178
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-2022
Employees at the balance-sheet date1-
full-time1-
in full-time equivalents1-
Average over the year, in full-time equivalents3.63.1
On a permanent contract1-
Joined98
Left89

Source: social balance sheet in the 2021 to 2022 annual accounts

Investments

fixed assets acquired
Item2021202220232024
Tangible fixed assets€13,163€2,587€3,496-
Depreciation and write-downs of the year€10,239€7,019€7,897€6,846

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€89,182€60,882▼
Fixed assets21/28€24,516€17,670▼
Tangible fixed assets22/27€19,048€12,203▼
Plant, machinery and equipment23€9,820€5,544▼
Furniture and vehicles24€351€0▼
Other tangible fixed assets26€8,877€6,658▼
Financial fixed assets28€5,468€5,468=
Current assets29/58€64,666€43,211▼
Stocks and contracts in progress3€12,837€10,330▼
Stocks30/36€12,837€10,330▼
Amounts receivable within one year40/41€28,112€17,387▼
Trade receivables40€19,935€8,482▼
Other amounts receivable41€8,177€8,905▲
Cash at bank and in hand54/58€23,344€15,495▼
Deferred charges and accrued income490/1€374€0▼
Equity and liabilities
Total equity and liabilities10/49€89,182€60,882▼
Equity10/15€48,004€4,629▼
Contributions10/11€6,200€6,200=
Reserves13€92,907€92,907=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€91,047€91,047=
Profit (loss) carried forward14-€51,103-€94,479▼
Amounts payable17/49€41,178€56,253▲
Amounts payable within one year42/48€41,178€56,253▲
Trade debts44€35,617€33,087▼
Suppliers440/4€35,617€33,087▼
Advances received on contracts in progress46-€10,264
Taxes, remuneration and social security45€4,634€12,348▲
Taxes450/3€4,634€12,348▲
Remuneration and social security454/9€0-
Other amounts payable47/48€927€554▼
Income statement Code20232024
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,897€6,846▼
Other operating charges640/8€51€163▲
Gross operating margin9900-€12,738-€30,996▼
Operating profit (loss)9901-€20,686-€38,004▼
Financial income75/76B€178€46▼
Recurring financial income75€178€46▼
Financial charges65/66B€8,420€5,417▼
Recurring financial charges65€8,420€5,417▼
Profit (loss) for the period before taxes9903-€28,928-€43,375▼
Income taxes67/77€0-
Profit (loss) for the period9904-€28,928-€43,375▼
Profit (loss) for the period to be appropriated9905-€28,928-€43,375▼
Appropriation of the result
Profit (loss) to be appropriated9906-€51,103-€94,479▼
Profit (loss) brought forward from the previous period14P-€22,176-€51,103▼

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 12-11-2025.

Line2018201920202021202220232024Change
Remuneration, social security and pensions62---€35,323€45,902€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,136€8,728€7,854€10,239€7,019€7,897€6,846▼ 13.3%
Other operating charges640/8---€183€101€51€163▲ 219%
Gross operating margin9900€21,344€91,539€18,934€60,888€35,936-€12,738-€30,996▼ 143%
Operating profit (loss)9901-€34,647€49,861-€15,030€15,143-€17,086-€20,686-€38,004▼ 83.7%
Financial income75/76B---€675€894€178€46▼ 74.4%
Recurring financial income75€1,535€806€137€675€894€178€46▼ 74.4%
Financial charges65/66B---€953€5,984€8,420€5,417▼ 35.7%
Recurring financial charges65€1,879€1,049€1,257€953€5,984€8,420€5,417▼ 35.7%
Profit (loss) for the period before taxes9903-€34,991€49,618-€16,150€14,865-€22,175-€28,928-€43,375▼ 49.9%
Income taxes67/77-€0€8,562-€1,128€0€0--
Profit (loss) for the period9904-€34,991€41,055-€16,150€13,737-€22,176-€28,928-€43,375▼ 49.9%
Profit (loss) for the period to be appropriated9905-€34,991€41,055-€16,150€13,737-€22,176-€28,928-€43,375▼ 49.9%
Line2018201920202021202220232024Change
Assets
Total assets20/58€144,451€141,766€112,219€133,505€125,291€89,182€60,882▼ 31.7%
Fixed assets21/28€40,849€34,715€30,575€33,500€29,067€24,516€17,670▼ 27.9%
Tangible fixed assets22/27€35,231€29,097€24,957€27,882€23,449€19,048€12,203▼ 35.9%
Plant, machinery and equipment23---€12,358€11,073€9,820€5,544▼ 43.5%
Furniture and vehicles24---€2,208€1,279€351€0▼ 100%
Other tangible fixed assets26---€13,316€11,097€8,877€6,658▼ 25.0%
Financial fixed assets28€5,618€5,618€5,618€5,618€5,618€5,468€5,468=
Current assets29/58€103,602€107,051€81,644€100,005€96,224€64,666€43,211▼ 33.2%
Stocks and contracts in progress3€13,577€14,497€13,116€14,517€11,775€12,837€10,330▼ 19.5%
Stocks30/36---€14,517€11,775€12,837€10,330▼ 19.5%
Amounts receivable within one year40/41€28,561€16,044€6,267€10,809€33,769€28,112€17,387▼ 38.2%
Trade receivables40---€1,073€27,268€19,935€8,482▼ 57.5%
Other amounts receivable41---€9,736€6,501€8,177€8,905▲ 8.9%
Cash at bank and in hand54/58€60,144€74,432€61,382€74,004€50,485€23,344€15,495▼ 33.6%
Deferred charges and accrued income490/1---€675€194€374€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€144,451€141,766€112,219€133,505€125,291€89,182€60,882▼ 31.7%
Equity10/15€60,465€101,520€85,371€99,107€76,932€48,004€4,629▼ 90.4%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200=
Reserves13€40,573€81,628€81,628€92,907€92,907€92,907€92,907=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Distributable reserves133---€91,047€91,047€91,047€91,047=
Profit (loss) carried forward14€13,692€13,692-€2,457--€22,176-€51,103-€94,479▼ 84.9%
Amounts payable17/49€83,986€40,245€26,849€34,398€48,359€41,178€56,253▲ 36.6%
Amounts payable within one year42/48€82,163€38,423€26,346€34,398€48,359€41,178€56,253▲ 36.6%
Trade debts44€31,514€2,564€10,049€17,594€25,240€35,617€33,087▼ 7.1%
Suppliers440/4---€17,594€25,240€35,617€33,087▼ 7.1%
Advances received on contracts in progress46------€10,264-
Taxes, remuneration and social security45---€15,823€17,724€4,634€12,348▲ 166%
Taxes450/3---€10,338€15,823€4,634€12,348▲ 166%
Remuneration and social security454/9---€5,484€1,901€0--
Other amounts payable47/48---€981€5,394€927€554▼ 40.2%
Line2018201920202021202220232024Change
Profit (loss) for the period9904-€34,991€41,055-€16,150€13,737-€22,176-€28,928-€43,375▼ 49.9%
+ Depreciation and write-downs630€9,136€8,728€7,854€10,239€7,019€7,897€6,846▼ 13.3%
Operating cash flow (approximation)-€25,854€49,783-€8,295€23,976-€15,156-€21,031-€36,530▼ 73.7%
Investment in fixed assets (approximation)--€2,594-€3,714-€13,163-€2,587-€3,346€0-
Change in cash-€14,288-€13,050€12,623-€23,519-€27,141-€7,849▲ 71.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 micro format 12-11-2025 2025-00567232 PDF
31-12-2023 micro format 12-11-2025 2025-00567233 PDF
31-12-2022 micro format 16-02-2024 2024-00030873 PDF
31-12-2021 micro format 03-08-2022 2022-20272825 PDF
31-12-2020 micro format 14-06-2021 2021-19600200 PDF
31-12-2019 micro format 07-07-2020 2020-27100156 PDF
31-12-2018 micro format 17-07-2019 2019-33800396 PDF
31-12-2017 micro format 20-06-2018 2018-20400097 PDF
31-12-2016 micro format 24-07-2017 2017-34500376 PDF
31-12-2015 abbreviated format 11-07-2016 2016-29700483 PDF

Show all 15 filings