VISHANDEL GERMAIN
ActiveVISHANDEL GERMAIN has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €166k and a net result of €10k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability64▲+20
Solvency88▲+14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 3.1 against 2.78 in 2022; short-term debt: 21.2% and cash: 39.1% of total assets), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2022
66 d late
2021
30 d late
2020
5 d late
2019
84 d late
2018
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€166k▲ 23.0%
2022 · €135k
2018: €51k
2019: €62k
2020: €94k
2021: €132k
2022: €135k
2018 → 2024
Total assets
€263k▼ 4.4%
2022 · €275k
2018: €225k
2019: €221k
2020: €234k
2021: €276k
2022: €275k
2018 → 2024
Net result
€10k▲ 117%
2022 · €5k
2018: €13k
2019: €13k
2020: €33k
2021: €40k
2022: €5k
2018 → 2024
Working capital
€117k▼ 5.3%
2022 · €123k
2018: €119k
2019: €128k
2020: €103k
2021: €115k
2022: €123k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€62k-€94k▲ 50.4%€132k▲ 40.6%€135k▲ 2.4%€166k▲ 23.0%
Operating result€26k-€51k▲ 96.5%€55k▲ 8.4%€18k▼ 66.9%€24k▲ 30.0%
Net result€13k-€33k▲ 158%€40k▲ 20.0%€5k▼ 88.0%€10k▲ 117%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €24k in 2024, compared with €18k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €263k
Fixed assets
€90k▲ 9.5%
Current assets
€172k▼ 10.4%
Equity and liabilities €263k
Equity
€166k▲ 23.0%
Debt
€97k▼ 30.8%
The debt ratio falls from 50.9% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2022 · €34k
Cash flow
€31k▲
2022 · €20k
Solvency
63.1%▲
2022 · 49.1%
Current ratio
3.10▲
2022 · 2.78
Quick ratio
2.82▲
2022 · 2.51
Debt / equity
0.58▼
2022 · 1.04
ROE
6.2%▲
2022 · 3.5%
ROA
3.9%▲
2022 · 1.7%
Interest coverage
4.81▲
2022 · 2.72
Debt
€97k▼
2022 · €140k
Debt ≤ 1 year
€56k▼
2022 · €69k
Debt > 1 year
€41k▼
2022 · €69k
Income taxes
€4k▲
2022 · €2k
Staff costs
€13k▼
2022 · €51k
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 2022
Balance sheet
Code20222024
Assets
Total assets20/58€275k€263k▼
Fixed assets21/28€83k€90k▲
Tangible fixed assets22/27€83k€90k▲
Land and buildings22€3k€34k▲
Plant, machinery and equipment23€60k€50k▼
Furniture and vehicles24€20k€6k▼
Financial fixed assets28-€71
Current assets29/58€192k€172k▼
Amounts receivable after more than one year29-€10k
Other amounts receivable291-€10k
Stocks and contracts in progress3€19k€15k▼
Stocks30/36€19k€15k▼
Amounts receivable within one year40/41€39k€38k▼
Trade receivables40€35k€35k▲
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€131k€103k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€275k€263k▼
Equity10/15€135k€166k▲
Contributions10/11€19k€19k=
Reserves13€116k€147k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€0▼
Other1319-€2k
Distributable reserves133€114k€145k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€140k€97k▼
Amounts payable after more than one year17€69k€41k▼
Financial debts170/4€69k€41k▼
Amounts payable within one year42/48€69k€56k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€34k€19k▼
Suppliers440/4€34k€19k▼
Taxes, remuneration and social security45€23k€21k▼
Taxes450/3€10k€15k▲
Remuneration and social security454/9€13k€6k▼
Other amounts payable47/48€35€2k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20222024
Non-recurring operating income76A€48-
Remuneration, social security and pensions62€51k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€21k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€88k€61k▼
Operating profit (loss)9901€18k€24k▲
Financial income75/76B€548€14▼
Recurring financial income75€548€14▼
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€6k€14k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€10k▲
Profit (loss) for the period to be appropriated9905€5k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€11k▲
Profit (loss) brought forward from the previous period14P-€1k
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€5k€11k▲
To other reserves6921€5k€11k▲
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 109 days late
2024
31-12
Financial
Equity above €150kEq €166k ▲23%
6 profitable years in a row build equity to €166k.
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Weakest financial yearnet €5k ▼88%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €40k ▲20%
Operating result €55k, net result €40k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲40.6%
4 profitable years in a row build equity to €132k.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
21-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beernem · 1 establishment unit since 1986
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wingene Steenweg 248730 BeernemGround area
669 m²
Building footprint
211 m²
Volume, LiDAR
1,047 m³
Parcel 31003G0061/00F008, Flanders · tallest building 10.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vishandel Anthony
since 19862.028.931.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0061/00F008 | Flanders | 669 m² | 1 · 210 m² | 10.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeernem2.028.931.677
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WAFADAR
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Bricaza
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EnB FOODS
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Of 1,428 companies in sector 46389 we hold annual accounts for 855. 592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-1986
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
47230Retail trade
51384
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.