VAS
ActiveSummary
The computed 12-month bankruptcy probability of VAS is 3.2% (moderate). The 2025 annual accounts show equity of €57,505 and a net result of €30,965. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 13484 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-25
Solvency31▼-18
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.06 in 2024; short-term debt: 8% and cash: 9.9% of total assets), and 94.1% of the assets are financed with debt.
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Signals
Five 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 →
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
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
5.9%
Return on assets
3.2%
Age of the figures
15 mo
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
2122232425
2021 to 2025 · latest year €57,505
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 19-12-2025, 43 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
43 d early
2024
54 d early
2023
65 d early
2022
5 d early
2021
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days before the deadline; 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€57,505▲ 117%
2024 · €26,540
Total assets
€977,762▲ 789%
2024 · €109,968
Net result
€30,965▲ 140%
2024 · €12,924
Working capital
€33,189▲ 1,058%
2024 · €2,867
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,986-€40,350▼ 27.9%-€67,372€15,781€64,931▲ 311%
Net result€51,679-€28,486▼ 44.9%-€69,550€12,924€30,965▲ 140%
Equity€54,679-€83,166▲ 52.1%€13,616▼ 83.6%€26,540▲ 94.9%€57,505▲ 117%
Total assets€142,456-€235,759▲ 65.5%€151,715▼ 35.6%€109,968▼ 27.5%€977,762▲ 789%
Debt€87,777-€152,593▲ 73.8%€138,099▼ 9.5%€83,428▼ 39.6%€920,257▲ 1,003%
Working capital€71,524-€21,986▼ 69.3%-€32,841€2,867€33,189▲ 1,058%
Staff (FTE)2.51.8▼ 28.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 311% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €977,762
Fixed assets
€866,265 ▲ 1,336%
Current assets
€111,497 ▲ 125%
Equity and liabilities €977,762
Equity
€57,505 ▲ 117%
Debt
€920,257 ▲ 1,003%
Debt's share of the balance-sheet total rises from 75.9% to 94.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€127,443▲
2024 · €44,297
Cash flow
€93,477▲
2024 · €41,440
Current ratio
1.42▲
2024 · 1.06
Quick ratio
1.24▲
2024 · 0.65
Debt to equity
16.00▲
2024 · 3.14
ROE
53.8%▲
2024 · 48.7%
ROA
3.2%▼
2024 · 11.8%
Interest coverage
4.29▼
2024 · 16.79
Debt ≤ 1 year
€78,308▲
2024 · €46,782
Debt > 1 year
€841,949▲
2024 · €36,646
Income taxes
€4,281▲
2024 · €218
Staff costs
€67,903▼
2024 · €76,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €96,433 | €135,990 | €76,146 | €67,903 | ▼ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,082 | €16,886 | €24,969 | €28,516 | €62,512 | ▲ 119% |
| Other operating charges640/8 | - | €7,047 | €1,991 | €1,789 | €18,437 | ▲ 931% |
| Non-recurring operating charges66A | - | - | €3,502 | - | - | - |
| Gross operating margin9900 | €144,608 | €160,715 | €99,080 | €122,232 | €213,783 | ▲ 74.9% |
| Operating profit (loss)9901 | €55,986 | €40,350 | -€67,372 | €15,781 | €64,931 | ▲ 311% |
| Financial income75/76B | - | €6 | €26 | - | - | - |
| Recurring financial income75 | €1 | €6 | €26 | - | - | - |
| Financial charges65/66B | - | €3,032 | €2,204 | €2,639 | €29,685 | ▲ 1,025% |
| Recurring financial charges65 | €2,539 | €3,032 | €2,204 | €2,639 | €29,685 | ▲ 1,025% |
| Profit (loss) for the period before taxes9903 | €53,448 | €37,323 | -€69,550 | €13,142 | €35,246 | ▲ 168% |
| Income taxes67/77 | €1,769 | €8,837 | €0 | €218 | €4,281 | ▲ 1,864% |
| Profit (loss) for the period9904 | €51,679 | €28,486 | -€69,550 | €12,924 | €30,965 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €51,679 | €28,486 | -€69,550 | €12,924 | €30,965 | ▲ 140% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142,456 | €235,759 | €151,715 | €109,968 | €977,762 | ▲ 789% |
| Fixed assets21/28 | €28,027 | €98,015 | €90,200 | €60,319 | €866,265 | ▲ 1,336% |
| Intangible fixed assets21 | - | - | €2,915 | €1,581 | - | - |
| Tangible fixed assets22/27 | €27,438 | €97,426 | €86,696 | €58,254 | €866,265 | ▲ 1,387% |
| Land and buildings22 | - | €1,781 | €13,006 | €10,316 | €764,777 | ▲ 7,314% |
| Plant, machinery and equipment23 | - | €30,346 | €24,615 | €14,039 | €74,579 | ▲ 431% |
| Furniture and vehicles24 | - | €65,299 | €49,076 | €33,899 | €26,909 | ▼ 20.6% |
| Financial fixed assets28 | €589 | €589 | €589 | €484 | - | - |
| Current assets29/58 | €114,430 | €137,744 | €61,514 | €49,649 | €111,497 | ▲ 125% |
| Stocks and contracts in progress3 | €16,000 | €21,372 | €24,118 | €19,118 | €14,335 | ▼ 25.0% |
| Stocks30/36 | - | €21,372 | €24,118 | €19,118 | €14,335 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €4,117 | €5,017 | €2,554 | - | - | - |
| Trade receivables40 | - | €0 | - | - | - | - |
| Other amounts receivable41 | - | €5,017 | €2,554 | - | - | - |
| Cash at bank and in hand54/58 | €94,313 | €111,355 | €34,842 | €30,531 | €97,162 | ▲ 218% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142,456 | €235,759 | €151,715 | €109,968 | €977,762 | ▲ 789% |
| Equity10/15 | €54,679 | €83,166 | €13,616 | €26,540 | €57,505 | ▲ 117% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,300 | €3,300 | = |
| Outside capital11 | - | - | - | €3,300 | €3,300 | = |
| Other1109/19 | - | - | - | €3,300 | €3,300 | = |
| Reserves13 | €51,300 | €51,300 | €51,300 | €51,000 | €54,205 | ▲ 6.3% |
| Non-distributable reserves130/1 | - | €300 | €300 | - | - | - |
| Reserves not available under the articles1311 | - | €300 | €300 | - | - | - |
| Distributable reserves133 | - | €51,000 | €51,000 | €51,000 | €54,205 | ▲ 6.3% |
| Profit (loss) carried forward14 | €379 | €28,866 | -€40,684 | -€27,760 | - | - |
| Amounts payable17/49 | €87,777 | €152,593 | €138,099 | €83,428 | €920,257 | ▲ 1,003% |
| Amounts payable after more than one year17 | €44,872 | €36,835 | €43,744 | €36,646 | €841,949 | ▲ 2,198% |
| Financial debts170/4 | - | €36,835 | €43,744 | €36,646 | €841,949 | ▲ 2,198% |
| Amounts payable within one year42/48 | €42,905 | €115,758 | €94,355 | €46,782 | €78,308 | ▲ 67.4% |
| Current portion of amounts payable after more than one year42 | - | €32,835 | €31,565 | €18,570 | €39,662 | ▲ 114% |
| Trade debts44 | €12,748 | €20,185 | €10,902 | €6,727 | €6,467 | ▼ 3.9% |
| Suppliers440/4 | - | €20,185 | €10,902 | €6,727 | €6,467 | ▼ 3.9% |
| Taxes, remuneration and social security45 | - | €43,208 | €51,207 | €16,179 | €23,770 | ▲ 46.9% |
| Taxes450/3 | - | €8,762 | €15,196 | €12,980 | €19,139 | ▲ 47.4% |
| Remuneration and social security454/9 | - | €34,446 | €36,012 | €3,199 | €4,631 | ▲ 44.8% |
| Other amounts payable47/48 | - | €19,530 | €680 | €5,306 | €8,409 | ▲ 58.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,679 | €28,486 | -€69,550 | €12,924 | €30,965 | ▲ 140% |
| + Depreciation and write-downs630 | €6,082 | €16,886 | €24,969 | €28,516 | €62,512 | ▲ 119% |
| Operating cash flow (approximation) | €57,761 | €45,372 | -€44,581 | €41,440 | €93,477 | ▲ 126% |
| Investment in fixed assets (approximation) | - | -€86,875 | -€17,154 | €1,365 | -€868,458 | ▼ 63,715% |
| Change in cash | - | €17,042 | -€76,513 | -€4,311 | €66,631 | ▲ 1,646% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €12,924
Net result €12,924 after one loss-making year.
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet -€69,550
Net result drops to -€69,550, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2019
Ground area
608 m²
Building footprint
213 m²
Volume, LiDAR
1,333 m³
Parcel 46503C1204/00F000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gentseweg(BEV) 536, 9120 Beveren-Kruibeke-Zwijndrecht
since 20192.297.489.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C1204/00F000 | Flanders | 608 m² | 1 · 213 m² | 8.7 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 28,607 EUR awarded · 28,158 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,038 EUR | 5,038 EUR |
| 2024 | 2 | 5,224 EUR | 8,344 EUR |
| 2023 | 2 | 8,989 EUR | 5,420 EUR |
| 2022 | 2 | 9,356 EUR | 9,356 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.297.489.936
Dual-learning approval
7 live approvals · 11 endedHulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Show 1 more
Restaurant en keuken duaal (so)
Show 11 ended approvals
Hulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (so)
Kelner (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 9,867 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
Founded18-12-2019
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.