VAV

Active

Private limited company (pre-2019)founded 201511 yrs activeArgonnestraat 31, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0599.954.205

The computed 12-month bankruptcy probability of VAV is 5.5% (elevated). The 2024 annual accounts show equity of €31k and a net result of €-4k. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 51% of 5650 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair▲ +8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency47▼-5

Growth32=

Stability100

Bankruptcy probability, 12 months

5.5% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 57.71 against 59.44 in 2023), but 80.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

19.9%

Return on assets

-2.6%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year -€4k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

28 d late

2022

88 d late

2021

30 d late

2020

60 d late

2019

25 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€31k▼ 11.6%

2023 · €35k

2022: €39k 2023: €35k

2022 → 2024

Total assets

€153k▼ 2.5%

2023 · €157k

2022: €166k 2023: €157k

2022 → 2024

Net result

€-4k▲ 6.3%

2023 · €-4k

2022: €37k 2023: €-4k

2022 → 2024

Working capital

€150k▼ 2.6%

2023 · €155k

2022: €159k 2023: €155k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€39k-€35k▼ 11.0%€31k▼ 11.6%

Operating result€37k-€-4k€-4k▲ 6.3%

Net result€37k-€-4k€-4k▲ 6.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €4k in 2024 against €4k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €153k

100.0%

Fixed assets €40

Current assets €153k

Equity and liabilities €153k

19.9%

80.1%

Equity €31k▼ 11.6%

Debt €123k=

The debt ratio rises from 78.0% to 80.1%: equity shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

19.9%▼

2023 · 22.0%

Current ratio

57.71▼

2023 · 59.44

Quick ratio

57.71▼

2023 · 59.44

Debt / equity

4.02▲

2023 · 3.55

ROE

-13.1%▼

2023 · -12.4%

ROA

-2.6%▲

2023 · -2.7%

Debt

€123k=

2023 · €123k

Debt ≤ 1 year

€3k▲

2023 · €3k

Debt > 1 year

€120k=

2023 · €120k

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 · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€157k€153k▼

Fixed assets 21/28-€40

Financial fixed assets 28-€40

Current assets 29/58€157k€153k▼

Amounts receivable within one year 40/41€21k€22k▲

Cash & bank 54/58€13k€8k▼

Total equity & liabilities 10/49€157k€153k▼

Equity 10/15€35k€31k▼

Contributions / capital 10/11€19k€19k=

Reserves 13€660€660=

Accumulated profits (losses) 14€15k€11k▼

Amounts payable 17/49€123k€123k=

Amounts payable after one year 17€120k€120k=

Amounts payable within one year 42/48€3k€3k▲

Trade debts payable within one year 44€3k€3k▲

Income statement Code20232024

Gross operating margin 9900€-4k€-4k▲

Operating result 9901€-4k€-4k▲

Financial income 75€0-

Financial charges 65€0€0▼

Result before taxes 9903€-4k€-4k▲

Net result for the period 9904€-4k€-4k▲

Result to be appropriated 9905€-4k€-4k▲

Timeline · acts, filings and financial milestones

All 16Financial 2Gazette 4Filings 10

2026

29-01

State Gazette act Director changes

v3.2

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

21-05

State Gazette act Director changes

v3.2

2023

31-12

Financial Weakest financial yearnet €-4k ▼112%

Net result drops to €-4k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 59.44

Current ratio from 23.56 to 59.44; short-term debt falls from €7k to €3k.

27-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 88 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 30 days late

2021

29-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 60 days late

2020

25-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 25 days late

2019

24-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 24 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

18-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

28-02

State Gazette act Registered-office change

v3.2

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 30 days late

2015

09-03

State Gazette act Incorporation

oprichting

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

4 of 4 acts read

Directors · office · real estate

Directors

3 directors, no change since 2025

Adrian Jan VËRSHEVCI

Director · since 31-12-2025

Current

31-12-2025 Adrian Jan VËRSHEVCI: Appointed as Director

31-12-2025 Paskal MATIA: Resigned as Director

01-04-2024 Paskal MATIA: Appointed as Director

01-04-2024 Valdet VERSHEVCI: Resigned as Director

Location & real-estate footprint

Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 2024

exact location from the address register On OpenStreetMap

Ground area

241 m²

Building footprint

203 m²

Volume, LiDAR

2,726 m³

2 parcels, Brussels · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.

2 establishment units

Café Argonne

Argonnestraat 31, 1060 Sint-Gillis (bij-Brussel)Cafés and bars

since 20242.357.594.502

Café du midi

Argonnestraat 20, 1060 Sint-Gillis (bij-Brussel)Cafés and bars

since 20242.357.594.601

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21562A0393/00V009	Brussels	154 m²	1 · 126 m²	20.3 m · 6 fl.
21562A0393/00G011	Brussels	87 m²	1 · 77 m²	20.5 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Comparable companies · same sector, comparable size

Similar companies · same sector, comparable size

Sint-Genesius-Rode · Eq €31k

VEROSTEP

BE 0828.692.180

Nazareth-De Pinte · Eq €30k

Of 13,924 companies in sector 56301 we hold annual accounts for 4,320. 3,649 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded05-03-2015

Fiscal year end31-12

Activities, NACEBEL

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 4 actsNational Bank · 10 filingsAddress and cadastre registers

Data from official sources, last processed on 18-07-2026. Scores and ratios are computed by Checked and are not a credit decision.