Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €10.0m falls due within a year.
In 2025, 38 people joined and 32 left. On top of that, 205.5 agency workers worked there on average.
VIAGE PRODUCTIONS pays its suppliers 35 days earlier than in 2024. Customers pay 4 days earlier.
Board changed. Latest change 03-04-2026 · 6 in office.
Lower solvency than 95% of companies in food and beverage service. Sector median 30.1% · 956 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.6% across 68 companies (NACE 56, medium-sized).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, medium-sized). It does better than 7% of them on solvency, 9% on liquidity, 85% on profitability and 46% on growth.
The bankruptcy probability was computed on 04-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 4,136 companies had the same profile as VIAGE PRODUCTIONS has now. Each dot stands for 11 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VIAGE PRODUCTIONS itself: 1.0% within 12 months.
The method was tested on the 497,446 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.
| 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 4,136 companies, not a prediction for VIAGE PRODUCTIONS. 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.
Liquidity is insufficient, with a current ratio of 0.09 (0.07 in 2024), below 1. Short-term debt is 867.1% and cash 15.3% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average 34 days after 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.
| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| VIAGE PRODUCTIONS Brussels | €9.3m | 5.9% | -777.0% | 67 |
| BUNZ Antwerp | €9.3m | -11.5% | -209.4% | 107.6 |
| Biscuiterie Dandoy Brussels | €12.8m | 2.6% | 24.1% | 85 |
| WIKI Ixelles | - | - | -46.4% | 69.3 |
| HUMA Wevelgem | - | - | 33.6% | 42.7 |
| YDCO Brussels | - | - | -22.9% | 41.2 |
| Hard Rock Café (Belgium) Brussels | - | - | -1329.3% | 42.4 |
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as VIAGE PRODUCTIONS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €803,000 and €3.6m, founded between 1989 and 2011.
VIAGE PRODUCTIONS has existed since 2001. In 2010 turnover rose from €2,500 to €6.4m.
Turnover has grown every year since 2021. Solvency rose in 2025 from -815.9% to -777.0% because of the retained profit.
In 2026, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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