VASPI
ActiveSummary
The computed 12-month bankruptcy probability of VASPI is 1.6% (moderate). The 2025 annual accounts show negative equity (-€6,751) and a net result of -€29,082. Equity is shrinking by ~63.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 3770 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+18
Solvency23▲+23
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.43 in 2024; short-term debt: 91.5% and cash: 12.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 →
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
-2.1%
Return on assets
-9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€6,751
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
59 d early
2023
50 d early
2022
34 d early
2021
37 d early
2020
17 d late
2019
36 d early
← 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 28 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€6,751▲ 93.4%
2024 · -€102,668
Total assets
€324,303▼ 2.1%
2024 · €331,387
Net result
-€29,082▲ 49.1%
2024 · -€57,171
Working capital
-€118,472▲ 45.6%
2024 · -€217,593
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-€83,627▼ 266%-€110,824▼ 32.5%€5,864-€51,835-€21,372▲ 58.8%
Net result-€85,990below the sector's middle half▼ 263%-€115,240below the sector's middle half▼ 34.0%€367within the sector's middle half-€57,171below the sector's middle half-€29,082below the sector's middle half▲ 49.1%
Equity€69,376within the sector's middle half▼ 55.3%-€45,865below the sector's middle half-€45,498below the sector's middle half▲ 0.8%-€102,668below the sector's middle half▼ 126%-€6,751below the sector's middle half▲ 93.4%
Total assets€365,556within the sector's middle half▲ 68.9%€369,597within the sector's middle half▲ 1.1%€332,741within the sector's middle half▼ 10.0%€331,387within the sector's middle half▼ 0.4%€324,303within the sector's middle half▼ 2.1%
Debt€296,180▲ 385%€415,462▲ 40.3%€378,238▼ 9.0%€434,055▲ 14.8%€331,053▼ 23.7%
Working capital-€27,621within the sector's middle half-€144,289below the sector's middle half▼ 422%-€145,047below the sector's middle half▼ 0.5%-€217,593below the sector's middle half▼ 50.0%-€118,472below the sector's middle half▲ 45.6%
Solvency19.0%within the sector's middle half▼ 52.8pp-12.4%below the sector's middle half▼ 31.4pp-13.7%below the sector's middle half▼ 1.3pp-31.0%below the sector's middle half▼ 17.3pp-2.1%below the sector's middle half▲ 28.9pp
Current ratio0.85within the sector's middle half▼ 2.150.53below the sector's middle half▼ 0.320.51below the sector's middle half▼ 0.020.43below the sector's middle half▼ 0.070.60within the sector's middle half▲ 0.17
Return on assets (ROA)-23.5%below the sector's middle half▼ 12.6pp-31.2%below the sector's middle half▼ 7.7pp0.1%within the sector's middle half▲ 31.3pp-17.3%below the sector's middle half▼ 17.4pp-9.0%below the sector's middle half▲ 8.3pp
Staff (FTE)9.3within the sector's middle half▼ 7.9%9.8within the sector's middle half▲ 5.4%8within the sector's middle half▼ 18.4%8.6within the sector's middle half▲ 7.5%8.8within the sector's middle half▲ 2.3%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21,372 in 2025 against €51,835 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324,303
Fixed assets
€145,973 ▼ 11.8%
Current assets
€178,330 ▲ 7.5%
Key figures and ratios
EBITDA
€9,179▲
2024 · -€20,223
Cash flow
€1,469▲
2024 · -€25,559
Quick ratio
0.30▲
2024 · 0.18
Debt to equity
-49.04▼
2024 · -4.23
Interest coverage
1.21▲
2024 · -3.56
Debt ≤ 1 year
€296,802▼
2024 · €383,470
Debt > 1 year
€25,000▼
2024 · €50,585
Income taxes
€257
Staff costs
€496,150▲
2024 · €466,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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 | - | - | - | - | €800 | - |
| Remuneration, social security and pensions62 | €217,344 | €444,537 | €407,445 | €466,957 | €496,150 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,962 | €30,785 | €31,199 | €31,611 | €30,552 | ▼ 3.4% |
| Other operating charges640/8 | €1,404 | €2,501 | €5,942 | €2,585 | €5,851 | ▲ 126% |
| Non-recurring operating charges66A | €21,322 | €0 | - | €26,469 | €0 | ▼ 100% |
| Gross operating margin9900 | €178,405 | €367,000 | €450,449 | €475,788 | €511,180 | ▲ 7.4% |
| Operating profit (loss)9901 | -€83,627 | -€110,824 | €5,864 | -€51,835 | -€21,372 | ▲ 58.8% |
| Financial income75/76B | €208 | €380 | €1,606 | €339 | €147 | ▼ 56.6% |
| Recurring financial income75 | €208 | €380 | €1,606 | €339 | €147 | ▼ 56.6% |
| Financial charges65/66B | €2,571 | €4,796 | €7,103 | €5,675 | €7,599 | ▲ 33.9% |
| Recurring financial charges65 | €2,571 | €4,796 | €7,103 | €5,675 | €7,599 | ▲ 33.9% |
| Profit (loss) for the period before taxes9903 | -€85,990 | -€115,240 | €367 | -€57,171 | -€28,825 | ▲ 49.6% |
| Income taxes67/77 | - | - | - | - | €257 | - |
| Profit (loss) for the period9904 | -€85,990 | -€115,240 | €367 | -€57,171 | -€29,082 | ▲ 49.1% |
| Profit (loss) for the period to be appropriated9905 | -€85,990 | -€115,240 | €367 | -€57,171 | -€29,082 | ▲ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,556 | €369,597 | €332,741 | €331,387 | €324,303 | ▼ 2.1% |
| Fixed assets21/28 | €212,740 | €209,449 | €184,700 | €165,509 | €145,973 | ▼ 11.8% |
| Tangible fixed assets22/27 | €212,590 | €209,299 | €184,550 | €165,359 | €145,823 | ▼ 11.8% |
| Plant, machinery and equipment23 | €24,519 | €40,093 | €38,543 | €31,160 | €24,701 | ▼ 20.7% |
| Furniture and vehicles24 | €0 | - | - | - | €5,061 | - |
| Other tangible fixed assets26 | €188,071 | €169,206 | €146,007 | €134,200 | €116,061 | ▼ 13.5% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €152,815 | €160,148 | €148,041 | €165,878 | €178,330 | ▲ 7.5% |
| Stocks and contracts in progress3 | €103,741 | €89,355 | €94,589 | €96,907 | €89,867 | ▼ 7.3% |
| Stocks30/36 | €103,741 | €89,355 | €94,589 | €96,907 | €89,867 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €17,074 | €5,140 | €2,850 | €2,566 | €25,063 | ▲ 877% |
| Trade receivables40 | €11,976 | €1,365 | €20 | €0 | €2,289 | - |
| Other amounts receivable41 | €5,098 | €3,775 | €2,830 | €2,566 | €22,774 | ▲ 788% |
| Cash at bank and in hand54/58 | €29,769 | €55,097 | €36,891 | €57,024 | €41,716 | ▼ 26.8% |
| Deferred charges and accrued income490/1 | €2,232 | €10,555 | €13,711 | €9,381 | €21,684 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,556 | €369,597 | €332,741 | €331,387 | €324,303 | ▼ 2.1% |
| Equity10/15 | €69,376 | -€45,865 | -€45,498 | -€102,668 | -€6,751 | ▲ 93.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €131,200 | ▲ 2,016% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Profit (loss) carried forward14 | €61,316 | -€53,925 | -€53,558 | -€108,868 | -€137,951 | ▼ 26.7% |
| Amounts payable17/49 | €296,180 | €415,462 | €378,238 | €434,055 | €331,053 | ▼ 23.7% |
| Amounts payable after more than one year17 | €115,744 | €111,025 | €80,974 | €50,585 | €25,000 | ▼ 50.6% |
| Financial debts170/4 | €115,744 | €111,025 | €80,974 | €50,585 | €25,000 | ▼ 50.6% |
| Amounts payable within one year42/48 | €180,436 | €304,437 | €293,087 | €383,470 | €296,802 | ▼ 22.6% |
| Current portion of amounts payable after more than one year42 | €29,390 | €29,720 | €30,050 | €30,390 | €34,720 | ▲ 14.3% |
| Financial debts43 | €9,045 | €9,052 | €9,171 | €9,170 | €48,520 | ▲ 429% |
| Credit institutions430/8 | €9,045 | €9,052 | €9,171 | €9,170 | €0 | ▼ 100% |
| Other loans439 | - | - | - | - | €48,520 | - |
| Trade debts44 | €93,538 | €113,960 | €96,865 | €120,630 | €123,852 | ▲ 2.7% |
| Suppliers440/4 | €93,538 | €113,960 | €96,865 | €120,630 | €123,852 | ▲ 2.7% |
| Advances received on contracts in progress46 | €1,138 | €4,778 | €6,735 | €10,450 | €7,980 | ▼ 23.6% |
| Taxes, remuneration and social security45 | €16,672 | €51,537 | €53,241 | €52,941 | €67,990 | ▲ 28.4% |
| Taxes450/3 | €2,640 | €8,998 | €9,343 | €7,932 | €17,153 | ▲ 116% |
| Remuneration and social security454/9 | €14,032 | €42,540 | €43,897 | €45,009 | €50,838 | ▲ 13.0% |
| Other amounts payable47/48 | €30,652 | €95,390 | €97,025 | €159,890 | €13,739 | ▼ 91.4% |
| Accrued charges and deferred income492/3 | - | - | €4,177 | €0 | €9,252 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€85,990 | -€115,240 | €367 | -€57,171 | -€29,082 | ▲ 49.1% |
| + Depreciation and write-downs630 | €21,962 | €30,785 | €31,199 | €31,611 | €30,552 | ▼ 3.4% |
| Operating cash flow (approximation) | -€64,028 | -€84,455 | €31,566 | -€25,559 | €1,469 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€27,494 | -€6,450 | -€12,421 | -€11,016 | ▲ 11.3% |
| Change in cash | - | €25,329 | -€18,207 | €20,133 | -€15,307 | ▼ 176% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €367
Net result €367 after 4 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€115,240
Net result drops to -€115,240, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Schoten · 1 establishment unit since 1999
Ground area
554 m²
Building footprint
313 m²
Volume, LiDAR
1,683 m³
Parcel 11443E0041/00L003, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
VILLA DORIA
since 19992.092.930.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443E0041/00L003 | Flanders | 554 m² | 1 · 313 m² | 11.6 m · 1 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.
Structure & network
Owners and holdings
1 ownerChain of control
- STEAK TARTARE
- VASPI
Highest known parent: STEAK TARTARE. The sources do not say who stands above it.
Owners 1
- STEAK TARTAREparent94.62%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchoten2.092.930.495
Similar companies · same sector, comparable size
OOSTHOF
BE 0898.908.601
Jabbeke · Eq €69,344
The Noodle Bar
BE 0677.923.595
Brussel · Eq €69,409
In den Rozenkrans
BE 0656.838.072
Leuven · Eq €69,317
KLEIN ASSENEDE
BE 0714.938.203
Assenede · Eq €69,440
JETT
BE 0898.715.985
Knokke-Heist · Eq €69,298
Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 9,845 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
Founded27-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467164866
Also
9925:BE0467164866
Registered
19-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.