Skip to content

VAS

Active Private limited companyfounded 2019active for 6 yearsGentseweg 536, 9120 Beveren-Kruibeke-ZwijndrechtKBO/BCE: BE 0739.738.232

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €213,783 (2025)
€213,783▲ 74.9%
lowest -€69,550 (2023)
€30,965▲ 140%
peak €83,166 (2022)
€57,505▲ 117%
€920,257▲ 11×
Board2 names since 2019
2 directorsBACCAERT Robby Roeland Caroline and 1 other
Documentsfilings and deeds
19-12-202543 days before the deadline
2025micro format
Gross margin from €122,232 to €213,783Result from €12,924 to €30,965Equity from €26,540 to €57,505Debts from €83,428 to €920,257Investments €868,458Cash from €30,531 to €97,162

Key points

from the 2025 annual accounts

Turnover

≈ €620,000 estimated

The micro format states no turnover.

Debts

€920,257 94% of the balance sheet
Financial debts 91%Suppliers 1%Taxes and wages 3%Other 5%

Of this, €78,308 falls due within a year.

Investments

€881,016 14.1 × depreciation
202220232025

Green is investment, beige is depreciation. Land and buildings stand 7313.5% higher than in 2024.

Checked score

53
Fair
Financially stronger than 57% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 5.7%highest value 01-2025: 2.6%▼ -3.1 percentage points vs 12-2024 02-2025: 2.5%▼ -0.1 percentage points vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.4%▼ -0.1 percentage points vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.4%● unchanged vs 05-2025 07-2025: 2.5%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▼ -0.2 percentage points vs 07-2025 09-2025: 2.3%● unchanged vs 08-2025 10-2025: 2.7%▲ +0.4 percentage points vs 09-2025 11-2025: 3.2%▲ +0.5 percentage points vs 10-2025 12-2025: 3.1%▼ -0.1 percentage points vs 11-2025 01-2026: 2.2%▼ -0.9 percentage points vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 1.7%▼ -0.5 percentage points vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026lowest value 08-2026: 1.7%● unchanged vs 07-2026 09-2026: 1.8%▲ +0.1 percentage points vs 08-2026 10-2026: 2.6%▲ +0.8 percentage points vs 09-2026 11-2026: 2.5%▼ -0.1 percentage points vs 10-2026

Financial strength
Average

31-18equity 5.9% of total assets
62-2short-term debt 8.0% · cash 9.9%
58-25return on assets 3.2%

Score breakdown

raises risk
Sector: Food and beverage service activities (NACE 56)
1 change of registered office in 24 months
Equity €57,505 (5.9% of total assets)
Founded in 2019
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 56, micro). It does better than 30% of them on solvency, 67% on liquidity, 40% on profitability and 91% on growth.

The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 1,251 companies had the same profile as VAS has now. Each dot stands for 4 companies, two years later.

94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of VAS itself: 2.5% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,251 companies, not a prediction for VAS. 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 €3,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.42 (1.06 in 2024), below the usual 1.5. Short-term debt is 8% and cash 9.9% of total assets. 94.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Equity €57,505 (5.9% of total assets)
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
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 2025
Equity 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 filings
Deviation from the deadline
2025
43 days early
2024
54 days early
2023
65 days early
2022
5 days early
2021
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 33 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 December (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • BACCAERT Robby Roeland Caroline 15 sharesdeed of 20-12-2019
  • VAN PUYVELDE Jolien Lucien Vera 15 sharesdeed of 20-12-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0739738232
Registered office moved within Beveren New registered office: Gentseweg 536, 9120 Beveren · Previous registered office: Kloosterstraat 13, 9120 Beveren · Board meeting of 02-10-2024 · Gazette deed
Incorporation Founders: BACCAERT Robby Roeland Caroline and VAN PUYVELDE Jolien Lucien Vera · 30 shares · Appointments: BACCAERT Robby Roeland Caroline (director) and VAN PUYVELDE Jolien Lucien Vera (director) · published on 20-12-2019 · Gazette deed
First establishment Gentseweg 536, Beveren-Kruibeke-Zwijndrecht
All 11 events

Comparable companies

same main activity, similar in size and age
Company
VAS Beveren-Kruibeke-Zwijndrecht €1.0m €213,783 5.9% -
FOODSENSE Waasmunster €0.9m €236,015 2.2% 4.3
House Arjo Ninove €1.1m €210,725 32.7% -
SIL Lokeren €0.9m €220,716 44.5% -
Frituur De Gouden Saté Ninove €0.9m €185,593 55.3% -
JEANNOT Lievegem €0.9m €244,689 0.1% -
Bistro André Geraardsbergen €0.8m €222,227 2.3% -

These companies have the same main activity as VAS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €814,000 and €1.1m, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 18-12-2019Normal situation
Activity
Full-service restaurantsNACE 56111
Joint committee
302Hotels and catering · annual accounts 30-06-2025
Establishment unit
2.297.489.9369120 Beveren-Kruibeke-Zwijndrecht, since 18-12-2019
Financial year end
30 June
Peppol
Reachable since 06-01-2026
Company details

Annual accounts to 30-06-2025

€213,783▲ 74.9%
€30,965▲ 140%
€57,505▲ 117%
€977,762▲ 789%
Employeeson 30-06-2025
2=
Filing
Filed on 19-12-2025, 43 days before the end of the filing period
Financials

Insights on VAS

VAS files the micro format. That format states no turnover. The gross margin rose from €144,608 in 2021 to €213,783 in 2025.

The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 19-12-2025, 43 days before the deadline
€213,783
▲ 74.9%
€64,931
▲ 311%
€30,965
▲ 140%
€33,189
▲ 12×
5.9%
▼ 18.3 percentage points
1.42
▲ 0.36

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €620,000. Estimated: probably between €520,000 and €750,000.

Balance sheet

balance sheet total €977,762 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

5.9%

Higher than 30% of 17,158 companies in 2025.

1.42

Higher than 61% of 16,582 companies in 2025.

3.2%

Higher than 46% of 16,665 companies in 2025.

VAS Middle half of the sector 80% of the sector Micro accounts in food and beverage service (NACE 56)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half

Staff

€37,724

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 5 people joined and 5 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 977,762109,968151,715235,759142,456
21/28 866,26560,31990,20098,01528,027
21 -1,5812,915--
22/27 866,26558,25486,69697,42627,438
22 764,77710,31613,0061,7811,998
23 74,57914,03924,61530,34620,960
24 26,90933,89949,07665,2994,480
28 -484589589589
29/58 111,49749,64961,514137,744114,430
3 14,33519,11824,11821,37216,000
30/36 14,33519,11824,11821,37216,000
40/41 --2,5545,0174,117
40 ---01,464
41 --2,5545,0172,652
54/58 97,16230,53134,842111,35594,313
Balance sheet: equity and liabilities
10/49 977,762109,968151,715235,759142,456
10/15 57,50526,54013,61683,16654,679
10/11 3,3003,3003,0003,0003,000
11 3,3003,300---
1109/19 3,3003,300---
13 54,20551,00051,30051,30051,300
130/1 --300300300
1311 --300300300
133 54,20551,00051,00051,00051,000
14 --27,760-40,68428,866379
17/49 920,25783,428138,099152,59387,777
17 841,94936,64643,74436,83544,872
170/4 841,94936,64643,74436,83544,872
42/48 78,30846,78294,355115,75842,905
42 39,66218,57031,56532,8353,906
44 6,4676,72710,90220,18512,748
440/4 6,4676,72710,90220,18512,748
45 23,77016,17951,20743,20826,132
450/3 19,13912,98015,1968,7621,780
454/9 4,6313,19936,01234,44624,352
47/48 8,4095,30668019,530118
Income statement
76A ---02,399
9900 213,783122,23299,080160,715144,608
62 67,90376,146135,99096,43378,894
630 62,51228,51624,96916,8866,082
640/8 18,4371,7891,9917,0473,646
66A --3,502--
9901 64,93115,781-67,37240,35055,986
75/76B --2661
75 --2661
65/66B 29,6852,6392,2043,0322,539
65 29,6852,6392,2043,0322,539
9903 35,24613,142-69,55037,32353,448
67/77 4,28121808,8371,769
9904 30,96512,924-69,55028,48651,679
9905 30,96512,924-69,55028,48651,679
Appropriation of the result
9906 3,205-27,760-40,68428,86651,679
14P -27,760-40,68428,866379-
691/2 3,205--051,300
6920 ---0300
6921 3,205--051,000
Social balance sheet
9087 1.82.5---
Hours worked1013 2,5221,221---
Document PDFPDFPDFPDFPDF

The notes to these accounts have 11 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 2025 (PDF), filed on 19-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 19-12-2025 2025-00585713 PDF
30-06-2024 micro format 08-12-2024 2024-00611744 PDF
30-06-2023 micro format 27-11-2023 2023-00521174 PDF
30-06-2022 micro format 26-01-2023 2023-00021724 PDF
30-06-2021 micro format 03-02-2022 2022-04700466 PDF

Subsidies and aid

Flemish government 2022 to 2025, 7 entries, €28,607 awarded, €28,158 paid

Year Entries AwardedPaid
2025 1 €5,038€5,038
2024 2 €5,224€8,344
2023 2 €8,989€5,420
2022 2 €9,356€9,356

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
127,44344,297-42,40357,23662,068
93,47741,440-44,58145,37257,761
881,016-1,36522,35686,87534,108
66,631-4,311-76,51317,042-
33,1892,867-32,84121,98671,524
5.9%24.1%9.0%35.3%38.4%
1.421.060.651.192.67
1.240.650.401.012.29
16.003.1410.141.831.61
53.8%48.7%-510.8%34.3%94.5%
3.2%11.8%-45.8%12.1%36.3%
4.2916.79-19.2418.88-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-202530-06-2024
Employees at the balance-sheet date22
part-time22
in full-time equivalents1.41.4
1.51.9
On a permanent contract22
Joined5-
Left5-

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€881,016-€18,356€86,875
Intangible fixed assets--€4,000-
€62,512€28,516€24,969€16,886

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on VAS

The operating result for 2025 is 4.1 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 75.9% to 94.1%. Equity and debt are higher.

Board & ownership

Board

2 directors, since incorporation
Director (not named in the articles)
appointed by deed of 20-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 19-12-2025
Director (not named in the articles)
appointed by deed of 20-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 19-12-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…”
deed of 20-12-2019

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BACCAERT Robby Roeland Caroline
Director (not named in the articles)
VAN PUYVELDE Jolien Lucien Vera
Director (not named in the articles)
Board
Mandates as a list
  • BACCAERT Robby Roeland Caroline
    • Director (not named in the articles), from 10-12-2019 to date
  • VAN PUYVELDE Jolien Lucien Vera
    • Director (not named in the articles), from 10-12-2019 to date

See the board, name and registered office on a given date →

Control

This company
VAS
Equity €57,505
Profit €30,965 in 2025

Capital

Contribution
€3,300
Shares
30
Contribution per share
€110
Equity per share
€1,917 in 2025
Source
2025 annual accounts

Articles of association

deed of 20-12-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of December at 18:00

Shareholders

At incorporation deed of 20-12-2019 ↗

Network & group

No group

VAS has no parent and no holdings in its annual accounts. VAS shares no director with another company.

Timeline

Timeline

11 events since 2019

Deadline for the 2026 accounts: 31-01-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0739738232
2025
Annual accounts 2025 filed PDFmicro format · 43 days before the deadline
2024
Annual accounts 2024 filed PDFmicro format · 54 days before the deadline
Registered office moved within BeverenNew registered office: Gentseweg 536, 9120 Beveren · Previous registered office: Kloosterstraat 13, 9120 Beveren · Board meeting of 02-10-20242 points ▸
  • Board meeting, 02-10-2024
  • Registered-office move, Gentseweg 536, 9120 Beveren

Open the deed in the Belgian Official Gazette

Back to profit net €12,924 The net result is €12,924, after one loss-making year.
2023
Annual accounts 2023 filed PDFmicro format · 65 days before the deadline
Weakest financial year net -€69,550 The net result drops to -€69,550, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 5 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 3 days late
2019
IncorporationFounders: BACCAERT Robby Roeland Caroline and VAN PUYVELDE Jolien Lucien Vera · 30 shares · Appointments: BACCAERT Robby Roeland Caroline (director) and VAN PUYVELDE Jolien Lucien Vera (director) · published on 20-12-20196 points ▸

Open the deed in the Belgian Official Gazette

First establishment Gentseweg 536, Beveren-Kruibeke-Zwijndrecht

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 18 December 2019, VAS was incorporated as a private limited company by two natural persons.12 In 2024 the registered office moved to Beveren.3 Today the board has 2 members.4 Total assets went from €142,456 in 2021 to €977,762 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-12-2019
  3. 3Belgian Official Gazette, 21-11-2024
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0739.738.232
VAT number
BE 0739.738.232
Peppol ID
0208:0739738232
Other Peppol ID
9925:BE0739738232
Legal form
Private limited company
Status
Active, normal situation
Founded
18-12-2019
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of December at 18:00
deed of 20-12-2019 (in Dutch)
Peppol
Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VAS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-12-2019 (in Dutch)

Activities

NACEBEL 2025
VAT activities
56111 Full-service restaurants main activity
Social security (RSZ) activities
56111 Full-service restaurants main activity
Joint committees annual accounts 30-06-2025
JC 302 Hotels and catering
Codes under NACEBEL 2008
VAT activities
56101 Full-service restaurants main activity
Social security (RSZ) activities
56101 Full-service restaurants main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Uitbaten restaurant;aankoop-verkoop produkten in kader van restaurantuitbating; Uitbaten bar/loungebar;catering,traiteur,; Management…”
4 activities
  1. Uitbaten restaurant;aankoop-verkoop produkten in kader van restaurantuitbating
  2. Uitbaten bar/loungebar;catering,traiteur,
  3. Management;
  4. Consultancy;
deed of 20-12-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Gentseweg 536 registered office 9120 Beveren-Kruibeke-Zwijndrecht 18-12-2019 2.297.489.936 Restaurant

Buildings and parcels at the address

Ground area
608 m²
Buildings
213 m²
Volume, LiDAR
1,333 m³
Tallest building
8.7 m
Buildings to scale, each on its own parcel
213 m², 8.7 m 213 m², 8.7 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
46503C1204/00F000608 m² 1 · 213 m² 8.7 m · 2

Recognitions

Food safety, FASFC

1 site
Beveren-Kruibeke-Zwijndrechtunit number 2.297.489.936
1 permission
Authorisation · Restaurant · since 01-09-2024

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Dual-learning approval

7 live approvals · 11 ended
Hulpkelner (vwo)
approved · 2025 to 2030
Hulpkelner duaal (so)
approved · 2025 to 2030
Keukenmedewerker (vwo)
approved · 2025 to 2030
Keukenmedewerker duaal (so)
approved · 2025 to 2030
Kok (vwo)
approved · 2025 to 2030
Kok duaal (so)
approved · 2025 to 2030
Show 1 more
Restaurant en keuken duaal (so)
approved · 2025 to 2030
Show 11 ended approvals
Hulpkelner (so)
discontinued · 2020 to 2025
Hulpkelner (vwo)
ended · 2020 to 2025
Hulpkelner duaal (so)
ended · 2020 to 2025
Hulpkok (so)
discontinued · 2020 to 2025
Kelner (so)
discontinued · 2020 to 2025
Keukenmedewerker (so)
discontinued · 2020 to 2025
Keukenmedewerker (vwo)
ended · 2020 to 2025
Keukenmedewerker duaal (so)
ended · 2020 to 2025
Kok (vwo)
ended · 2020 to 2025
Kok duaal (so)
ended · 2020 to 2025
Restaurant en keuken duaal (so)
ended · 2020 to 2025