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VENCODI

Active Private limited companyfounded 2018active for 8 yearsBrusselbaan 42, 1600 Sint-Pieters-LeeuwKBO/BCE: BE 0692.576.832 #1 company by total assets in Sint-Pieters-Leeuw, Accommodation and food service sector
VENCODI
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €392,406 (2021)
€139,190▲ 602%
peak €265,162 (2021)
€124,766▲ 38×
peak €1.1m (2025)
€1.1m▲ 12.9%
€20,080▲ 161%
Board2 names since 2018
2 directorsCRANINX Christoff Marc Michele and 1 other
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €19,820 to €139,190Result from €3,261 to €124,766Equity from €964,584 to €1.1mDebts from €7,680 to €20,080Cash from €12,350 to €76,472

Key points

from the 2025 annual accounts

Equity

€1.1m ▲ 12.9%

VENCODI has made a profit in every financial year since 2019.

Result

€124,766 ▲ 38×
€3,2602024€125,0002025

The result rose in 2025: mostly from a one-off income of €175,000.

Position in the sector

98.2%

Higher solvency than 95% of companies in food and beverage service. Sector median 29.5% · 17,145 companies.

2025 accounts filed 28 days after the deadline

Checked score

91
Excellent
Financially stronger than 71% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.3 percentage points vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.5%▼ -0.1 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.4%▼ -0.1 percentage points vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.5 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Strong

100=equity 98.2% of total assets
59+7short-term debt 1.8% · cash 6.9%
83+14return on assets 11.2%

Score breakdown

raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Figures for financial year 2025 (filed on 30-08-2026)
Equity €1.1m (98.2% of total assets)
Size: total assets €1.1m
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 94% of them on solvency, 63% on liquidity, 69% on profitability and 59% on growth.

The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 6,782 companies had the same profile as VENCODI has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of VENCODI itself: 0.2% 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 6,782 companies, not a prediction for VENCODI. 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 €95,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 54.73, above the usual 1.5. Short-term debt is 1.8% and cash 6.9% of total assets. 1.8% 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

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Figures for financial year 2025 (filed on 30-08-2026)
NBB · annual accounts
lowers risk · Equity €1.1m (98.2% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filings
Deviation from the deadline
2025
28 days late
2024
41 days early
2023
34 days early
2022
37 days early
2021
22 days early
2020
4 days early
2019
41 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 22 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CC
CRANINX Christoff Marc Michele
Director, since 15-03-2018
LJ
LAUWERYNS Jasna Marianne
Director, since 15-03-2018

Shares in 1 company, VIJVERWOLF

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0692576832
Changes of role: CRANINX Christoff Marc Michele (director) and LAUWERYNS Jasna Marianne (director) General meeting of 14-12-2023 · Gazette deed
First establishment Brusselbaan 42, Sint-Pieters-Leeuw
Incorporation published on 19-03-2018 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
VENCODI Sint-Pieters-Leeuw €1.1m €139,190 98.2% -
LOIRA Beersel €0.9m €97,763 -1.2% 0.6
De Heppie Store Pajottegem €0.9m €89,007 5.6% -
BARZA PROJECTS Kortenaken €0.7m €132,853 47.7% 0.3
EVDGB Blankenberge €0.9m €170,794 25.9% -
House Arjo Ninove €1.1m €210,725 32.7% -
ARIBA Izegem €0.8m €148,986 17.7% -

These companies have the same main activity as VENCODI: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €748,000 and €1.1m, founded between 2016 and 2019.

Official details

Source: KBO
Status
Active since 15-03-2018Normal situation
Activity
Cafés and barsNACE 56301
Establishment unit
2.275.004.5441600 Sint-Pieters-Leeuw, since 03-04-2018
Financial year end
31 December
Peppol
Reachable since 10-03-2026
Company details

Annual accounts 2025

€139,190▲ 602%
≈ €370,000estimated
€124,766▲ 38×
€1.1m▲ 12.9%
€1.1m▲ 14.1%
Filing
Filed on 28-08-2026
Financials

Insights on VENCODI

VENCODI files the micro format. That format states no turnover. The gross margin fell from €318,111 in 2019 to €139,190 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 28-08-2026, 28 days late
€139,190
▲ 602%
€126,394
▲ 17×
€124,766
▲ 38×
€1.1m
▲ 14.5%
98.2%
▼ 1.0 percentage points
54.73

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 ≈ €370,000. Estimated: probably between €330,000 and €470,000.

In the rankings #1 company by total assets in Sint-Pieters-Leeuw, Accommodation and food service sector#1 company by equity in Sint-Pieters-Leeuw, Accommodation and food service sector

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

98.2%

Higher than 95% of 17,145 companies in 2025.

54.73

Higher than 95% of 16,571 companies in 2025.

11.2%

Higher than 66% of 16,654 companies in 2025.

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

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 1.1m972,264995,0371.1m896,968670,278607,382
21/28 10,34622,178409,051375,825375,000375,000391,764
22/27 10,34622,17834,051825--16,764
23 -247536825---
24 10,34621,93133,515---16,764
28 --375,000375,000375,000375,000375,000
29/58 1.1m950,086585,986695,907521,968295,278215,618
40/41 342,612257,736346,052402,324495,929253,234213,890
40 27,76516,094-400,400495,750248,830213,653
41 314,847241,642346,0521,9241794,404237
50/53 680,000680,000-----
54/58 76,47212,350239,934293,58326,03942,0441,728
Balance sheet: equity and liabilities
10/49 1.1m972,264995,0371.1m896,968670,278607,382
10/15 1.1m964,584961,323846,964586,869321,707191,140
10/11 6,2006,2006,2006,2006,2006,2006,200
100 ------18,600
101 ------12,400
13 1.1m958,384955,123840,677580,582315,420184,860
130/1 1,8601,8601,8601,8601,8601,860-
130 ------1,860
1311 1,8601,8601,8601,8601,8601,860-
133 1.1m956,524953,263838,817578,722313,560183,000
14 ---87878780
17/49 20,0807,68033,714224,768310,099348,571416,242
17 ----17,08284,787151,503
170/4 ----17,08284,787151,503
42/48 20,0807,68033,714224,768293,017263,785264,739
42 ---17,08267,70466,71772,221
44 1,4584,27912,8484,5494,2623,7922,658
440/4 1,4584,27912,8484,5494,2623,7922,658
45 17,08167411,820187,551205,423168,952107,520
450/3 17,08167411,820187,551205,423165,733104,300
454/9 -----3,2203,220
47/48 1,5412,7279,04615,58615,62824,32482,339
Income statement
76A 175,000----22,359-
9900 139,19019,820178,180360,678392,406206,981318,111
630 11,83111,8731,52742-11,12318,736
640/8 9653162,3767563244301,201
9901 126,3947,631174,278359,880392,082195,428298,174
75/76B 16,852--000-
75 16,852--000-
65/66B 3376823141,7102,6363,4298,934
65 3376823141,7102,6363,4298,934
9903 142,9096,949173,964358,171389,446192,000289,240
67/77 18,1443,68959,60598,076124,28361,433104,300
9904 124,7663,261114,359260,095265,162130,567184,940
9905 124,7663,261114,359260,095265,162130,567184,940
Appropriation of the result
9906 124,7663,261114,446260,182265,249130,647184,940
14P --878787--
691/2 124,7663,261114,446260,095265,162130,560184,860
6920 ------1,860
6921 124,7663,261114,446260,095265,162130,560183,000
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00453754.

Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00453754 PDF
31-12-2024 micro format 20-06-2025 2025-00157978 PDF
31-12-2023 micro format 27-06-2024 2024-00169361 PDF
31-12-2022 micro format 24-06-2023 2023-00154203 PDF
31-12-2021 micro format 09-07-2022 2022-20174024 PDF
31-12-2020 micro format 27-07-2021 2021-41000432 PDF
31-12-2019 micro format 20-06-2020 2020-19200386 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
138,22619,504175,805359,922-206,551316,910
136,59715,134115,886260,137-141,690203,676
0-375,00034,752867--5,641410,500
64,122-227,585-53,649267,544-16,00540,316-
1.1m942,406552,272471,139228,95131,493-49,121
98.2%99.2%96.6%79.0%65.4%48.0%31.5%
54.73-17.383.101.781.120.81
0.020.010.040.270.531.082.18
11.5%0.3%11.9%30.7%45.2%40.6%96.8%
11.2%0.3%11.5%24.3%29.6%19.5%30.4%
over 10028.61over 100over 100---

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€34,752€867-
€11,831€11,873€1,527€42-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on VENCODI

The operating result for 2025 is nearly 17 times that of 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 0.8% to 1.8%. Equity and debt are higher.

Large changes and their cause
  • 2025 Net result +3,726% on 2024. The 2025 profit included a one-off income of €175,000.

Board & ownership

Board

2 directors, last change in 2023
CRANINX Christoff Marc Michele
Director
since 15-03-2018 term without a fixed end
earlier manager, until 21-12-2023
listed in the 2025 annual accounts, filed on 28-08-2026
LAUWERYNS Jasna Marianne
Director
since 15-03-2018 term without a fixed end
earlier manager, until 21-12-2023
listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 21-12-2023

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
CRANINX Christoff Marc Michele
Director
LAUWERYNS Jasna Marianne
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • CRANINX Christoff Marc Michele
    • Director, from 15-03-2018 to date
    • Manager, until 21-12-2023
  • LAUWERYNS Jasna Marianne
    • Director, from 15-03-2018 to date
    • Manager, until 21-12-2023

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 21-12-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

Capital transactions

Capital over time
  1. 21-12-2023 Converted to unavailable equity
  2. 21-12-2023 Converted to uncalled contributions · €12,400

Network & group

Holdings

own 2023 accounts, the bar shows equity in euros
This companyVENCODI1 holding, 1 country 2023 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2023 accounts. Every holding stands with its own latest accounts.

At the same address

Brusselbaan 42, 1600 Sint-Pieters-Leeuw · 1 other company
Innovascom
establishment since 16-07-2018 · founded in 2018
 total assets €212,079 (2025)
0699.950.713

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • VIJVERWOLFsubsidiary
    Equity €151,850 Profit of €106,477 in 2025 (profit of €28,484 in 2024) Checked score 98
    Sourceown accounts 2023
    100%
Holdings through the years 2019 to 2023
Holdings through the years
Name20192020202120222023
VIJVERWOLF 100%

Source: list of holdings in its own accounts

Connections & network

2 current directors
Depth

The network starts from the directors of VENCODI. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 28 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0692576832
2025
Equity above €1m equity €1.1m ▲12.9% With a profit in every financial year since 2019, equity grows to €1.1m.
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
2024
Weakest financial year net €3,261 ▼97.1% The net result drops to €3,261, the lowest from 2019 to 2025. It recovers the following year.
Liquidity more than 7 times current ratio 123.71 The current ratio rises from 17.38 to 123.71. Short-term debt falls from €33,714 to €7,680.
Annual accounts 2023 filed PDFmicro format · 34 days before the deadline
2023
Liquidity more than 5 times current ratio 17.38 The current ratio rises from 3.10 to 17.38. Short-term debt falls from €224,768 to €33,714.
Changes of role: CRANINX Christoff Marc Michele (director) and LAUWERYNS Jasna Marianne (director)General meeting of 14-12-20237 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 37 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 22 days before the deadline
2021
Highest result from 2019 to 2025 net €265,162 ▲103% The operating result of €392,082 and the net result of €265,162 are both a record.
Equity above €500,000 equity €586,869 ▲82.4% With a profit in every financial year since 2019, equity grows to €586,869.
Annual accounts 2020 filed PDFmicro format · 4 days before the deadline
2020
Equity above €200,000 equity €321,707 ▲68.3% With a profit in every financial year since 2019, equity grows to €321,707.
Annual accounts 2019 filed PDFmicro format · 41 days before the deadline
2018
First establishment Brusselbaan 42, Sint-Pieters-Leeuw
Incorporation PDFpublished on 19-03-2018

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 15 March 2018, VENCODI was incorporated.1 Total assets went from €607,382 in 2019 to €1.1m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0692.576.832
VAT number
BE 0692.576.832
Peppol ID
0208:0692576832
Other Peppol ID
9925:BE0692576832
Legal form
Private limited company
Status
Active, normal situation
Founded
15-03-2018
Financial year
ends on 31 December
Peppol
Reachable since 10-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
VENCODI in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 21-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 21-12-2023 (in Dutch)

Activities

NACEBEL 2025
56301 Cafés and bars main activity
Codes under NACEBEL 2008
56301 Cafés and bars main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitbaten van een bar,café,eetcafé of restaurant met levering van dranken en spijzen en dit onder dienstlevering naar zowel particulieren…”
6 activities
  1. Het uitbaten van een bar,café,eetcafé of restaurant met levering van dranken en spijzen en dit onder dienstlevering naar zowel particulieren als bedrijven.
  2. Het verrichten van alle activiteiten in de horeca sector,zowel in België als in het buitenland.
  3. Alle burgerlijke,industriële,handels,roerende of onroerende verrichtingen te doen,in rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband met één of andere afdeling van haar voorwerp,of die van aard zouden zijn de verwezenlijking ervan uit te breiden of te vergemakkelijken.
  4. Het op alle wijzen deelnemen in alle vennootschappen of ondernemingen met een gelijk of aanverwant voorwerp,zelfs onrechtstreeks,die van aard zou zijn de verwezenlijking van het hare te vergemakkelijken.
  5. Het afsluiten van alle overeenkomsten van samenwerking,rationalisatie,vereniging of andere met dergelijke vennootschap of onderneming.
  6. Zich borg stellen of personele of zakelijke zekerheden stellen ten bate van om het even welke,al dan niet verbonden,natuurlijke of rechtspersoon.Het uitoefenen van de functie van bestuurder,zaakvoerder en vereffenaar.
deed of 21-12-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brusselbaan 42 registered office 1600 Sint-Pieters-Leeuw 03-04-2018 2.275.004.544

Buildings and parcels at the address

Ground area
227 m²
Buildings
104 m²
Volume, LiDAR
1,046 m³
Tallest building
12.8 m
Buildings to scale, each on its own parcel
104 m², 12.8 m 104 m², 12.8 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
23077A0039/00E003227 m² 1 · 104 m² 12.8 m · 3

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