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VBDN

Active
Private limited companyfounded 20242 yrs activePareinpark(BEV) 43, 9120 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 1011.669.913
Summary

The computed 12-month bankruptcy probability of VBDN is 5.0% (elevated). The 2025 annual accounts show equity of €20,637 and a net result of -€8,292. Its solvency ranks better than 88% of 14676 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Financials · fiscal year 2025, micro schema

Equity
€20,637▼ 28.7%
2024 · €28,929
Total assets
€27,217▼ 12.8%
2024 · €31,208
Net result
-€8,292▼ 674%
2024 · -€1,071
Working capital
€2,381▼ 91.4%
2024 · €27,633
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€1,056--€8,346▼ 690%
Net result-€1,071within the sector's middle half--€8,292below the sector's middle half▼ 674%
Equity€28,929within the sector's middle half-€20,637within the sector's middle half▼ 28.7%
Total assets€31,208below the sector's middle half-€27,217below the sector's middle half▼ 12.8%
Debt€2,279-€6,580▲ 189%
Working capital€27,633within the sector's middle half-€2,381within the sector's middle half▼ 91.4%
Solvency92.7%above the sector's middle half-75.8%above the sector's middle half▼ 16.9pp
Current ratio13.13above the sector's middle half-1.36within the sector's middle half▼ 11.77
Return on assets (ROA)-3.4%within the sector's middle half--30.5%below the sector's middle half▼ 27.0pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2024: -€1,056-€1,056Net result 2024: -€1,071-€1,071Operating result 2025: -€8,346-€8,346Net result 2025: -€8,292-€8,29220242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2024: -€1,056-€1,060Net result 2024: -€1,071-€1,070Operating result 2025: -€8,346-€8,350Net result 2025: -€8,292-€8,29020242025
The operating result stays negative: a loss of €8,346 in 2025 against €1,056 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,217
Fixed assets €18,256
Current assets €8,961
Equity and liabilities €27,217
Equity €20,637 ▼ 28.7%
Debt €6,580 ▲ 189%
Debt's share of the balance-sheet total rises from 7.3% to 24.2%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€6,177▼
2024 · -€63
Cash flow
-€6,123▼
2024 · -€78
Quick ratio
0.59▼
2024 · 13.13
Debt to equity
0.32▲
2024 · 0.08
ROE
-40.2%▼
2024 · -3.7%
Interest coverage
-97.81▼
2024 · -4.21
Debt ≤ 1 year
€6,580▲
2024 · €2,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,226 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
88% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

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 3,226 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,208€27,217▼
Formation expenses20€1,296-
Fixed assets21/28-€18,256
Tangible fixed assets22/27-€11,601
Plant, machinery and equipment23-€2,841
Furniture and vehicles24-€8,760
Financial fixed assets28-€6,655
Current assets29/58€29,911€8,961▼
Stocks and contracts in progress3-€5,100
Stocks30/36-€5,100
Amounts receivable within one year40/41€27,024€3,013▼
Trade receivables40-€927
Other amounts receivable41€27,024€2,087▼
Cash at bank and in hand54/58€2,888€848▼
Equity and liabilities
Total equity and liabilities10/49€31,208€27,217▼
Equity10/15€28,929€20,637▼
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€1,071-€9,363▼
Amounts payable17/49€2,279€6,580▲
Amounts payable within one year42/48€2,279€6,580▲
Trade debts44€2,279-
Suppliers440/4€2,279-
Taxes, remuneration and social security45-€574
Taxes450/3-€574
Other amounts payable47/48-€6,006
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€63-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€993€2,169▲
Other operating charges640/8-€101
Gross operating margin9900-€63-€6,076▼
Operating profit (loss)9901-€1,056-€8,346▼
Financial income75/76B-€117
Recurring financial income75-€117
Financial charges65/66B€15€63▲
Recurring financial charges65€15€63▲
Profit (loss) for the period before taxes9903-€1,071-€8,292▼
Profit (loss) for the period9904-€1,071-€8,292▼
Profit (loss) for the period to be appropriated9905-€1,071-€8,292▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1,071-€9,363▼
Profit (loss) brought forward from the previous period14P--€1,071

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Goods, raw materials, services and sundry goods60/61€63--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€993€2,169▲ 118%
Other operating charges640/8-€101-
Gross operating margin9900-€63-€6,076▼ 9,529%
Operating profit (loss)9901-€1,056-€8,346▼ 690%
Financial income75/76B-€117-
Recurring financial income75-€117-
Financial charges65/66B€15€63▲ 321%
Recurring financial charges65€15€63▲ 321%
Profit (loss) for the period before taxes9903-€1,071-€8,292▼ 674%
Profit (loss) for the period9904-€1,071-€8,292▼ 674%
Profit (loss) for the period to be appropriated9905-€1,071-€8,292▼ 674%
Line20242025Change
Assets
Total assets20/58€31,208€27,217▼ 12.8%
Formation expenses20€1,296--
Fixed assets21/28-€18,256-
Tangible fixed assets22/27-€11,601-
Plant, machinery and equipment23-€2,841-
Furniture and vehicles24-€8,760-
Financial fixed assets28-€6,655-
Current assets29/58€29,911€8,961▼ 70.0%
Stocks and contracts in progress3-€5,100-
Stocks30/36-€5,100-
Amounts receivable within one year40/41€27,024€3,013▼ 88.8%
Trade receivables40-€927-
Other amounts receivable41€27,024€2,087▼ 92.3%
Cash at bank and in hand54/58€2,888€848▼ 70.6%
Equity and liabilities
Total equity and liabilities10/49€31,208€27,217▼ 12.8%
Equity10/15€28,929€20,637▼ 28.7%
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€1,071-€9,363▼ 774%
Amounts payable17/49€2,279€6,580▲ 189%
Amounts payable within one year42/48€2,279€6,580▲ 189%
Trade debts44€2,279--
Suppliers440/4€2,279--
Taxes, remuneration and social security45-€574-
Taxes450/3-€574-
Other amounts payable47/48-€6,006-
Line20242025Change
Profit (loss) for the period9904-€1,071-€8,292▼ 674%
+ Depreciation and write-downs630€993€2,169▲ 118%
Operating cash flow (approximation)-€78-€6,123▼ 7,740%
Change in cash--€2,040-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 21,864 companies in this sector we hold annual accounts for 9,849. 8,150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector