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VIVACE

Active
Private limited companyfounded 20233 yrs activeLouizalaan 65, 1050 Brussel, BelgiumKBO/BCE: BE 0800.840.611
Summary

The computed 12-month bankruptcy probability of VIVACE is 15.0% (high). The 2024 annual accounts show negative equity (-€24,368) and a net result of -€27,180. Its solvency ranks better than 14% of 18940 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-1
Solvency0▼-27
Growth32
Track record94
Bankruptcy probability, 12 months
15.0% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.41 in 2023; short-term debt: 144% and cash: 2.6% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · 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
-55.7%
Return on assets
-62.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2324
2023 to 2024 · latest year -€24,368
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 29-12-2025, 151 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
151 d late
2023
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 90 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 17 April 2023, VIVACE was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€24,368
2023 · €2,811
Total assets
€43,713▼ 63.7%
2023 · €120,406
Net result
-€27,180▼ 58.1%
2023 · -€17,189
Working capital
-€19,476▲ 59.2%
2023 · -€47,696
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€17,139--€26,960▼ 57.3%
Net result-€17,189below the sector's middle half--€27,180below the sector's middle half▼ 58.1%
Equity€2,811within the sector's middle half--€24,368below the sector's middle half
Total assets€120,406within the sector's middle half-€43,713below the sector's middle half▼ 63.7%
Debt€117,595-€68,081▼ 42.1%
Working capital-€47,696below the sector's middle half--€19,476within the sector's middle half▲ 59.2%
Solvency2.3%within the sector's middle half--55.7%below the sector's middle half▼ 58.1pp
Current ratio0.41below the sector's middle half-0.69within the sector's middle half▲ 0.28
Return on assets (ROA)-14.3%below the sector's middle half--62.2%below the sector's middle half▼ 47.9pp
Staff (FTE)0.8-
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
-€30,000-€20,000-€10,000€0Operating result 2023: -€17,139-€17,139Net result 2023: -€17,189-€17,189Operating result 2024: -€26,960-€26,960Net result 2024: -€27,180-€27,18020232024-€30,000-€20,000-€10,000€0Operating result 2023: -€17,139-€17,100Net result 2023: -€17,189-€17,200Operating result 2024: -€26,960-€27,000Net result 2024: -€27,180-€27,20020232024
The operating result stays negative: a loss of €26,960 in 2024 against €17,139 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,713
Fixed assets €238 ▼ 99.7%
Current assets €43,475 ▲ 32.0%
Key figures and ratios
2024 value · change against 2023
EBITDA
-€26,960▼
2023 · -€7,241
Cash flow
-€27,180▼
2023 · -€7,291
Debt to equity
-2.79▼
2023 · 41.83
Interest coverage
-122.39▼
2023 · -61.62
Debt ≤ 1 year
€62,951▼
2023 · €80,621
Staff costs
€1,393▼
2023 · €32,001
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 15.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 7,657 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 · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€120,406€43,713▼
Fixed assets21/28€87,482€238▼
Tangible fixed assets22/27€87,283€0▼
Plant, machinery and equipment23€45,816€0▼
Furniture and vehicles24€7,682€0▼
Other tangible fixed assets26€33,785€0▼
Financial fixed assets28€198€238▲
Current assets29/58€32,925€43,475▲
Amounts receivable within one year40/41€22,011€41,705▲
Trade receivables40€22,011€0▼
Other amounts receivable41-€41,705
Cash at bank and in hand54/58€10,274€1,132▼
Deferred charges and accrued income490/1€639€637▼
Equity and liabilities
Total equity and liabilities10/49€120,406€43,713▼
Equity10/15€2,811-€24,368▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€17,189-€44,368▼
Amounts payable17/49€117,595€68,081▼
Amounts payable within one year42/48€80,621€62,951▼
Trade debts44€8,886€18,778▲
Suppliers440/4€8,886€18,778▲
Advances received on contracts in progress46-€11
Taxes, remuneration and social security45€13,328€6,542▼
Taxes450/3€6,234€4,475▼
Remuneration and social security454/9€7,094€2,068▼
Other amounts payable47/48€58,408€37,620▼
Accrued charges and deferred income492/3€36,974€5,130▼
Income statement Code20232024
Remuneration, social security and pensions62€32,001€1,393▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,898€0▼
Other operating charges640/8€1,048€810▼
Non-recurring operating charges66A-€17,283
Gross operating margin9900€25,808-€7,474▼
Operating profit (loss)9901-€17,139-€26,960▼
Financial income75/76B€68€0▼
Recurring financial income75€68€0▼
Financial charges65/66B€118€220▲
Recurring financial charges65€118€220▲
Profit (loss) for the period before taxes9903-€17,189-€27,180▼
Profit (loss) for the period9904-€17,189-€27,180▼
Profit (loss) for the period to be appropriated9905-€17,189-€27,180▼
Appropriation of the result
Profit (loss) to be appropriated9906-€17,189-€44,368▼
Profit (loss) brought forward from the previous period14P--€17,189

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€32,001€1,393▼ 95.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,898€0▼ 100%
Other operating charges640/8€1,048€810▼ 22.8%
Non-recurring operating charges66A-€17,283-
Gross operating margin9900€25,808-€7,474▼ 129%
Operating profit (loss)9901-€17,139-€26,960▼ 57.3%
Financial income75/76B€68€0▼ 100%
Recurring financial income75€68€0▼ 100%
Financial charges65/66B€118€220▲ 87.4%
Recurring financial charges65€118€220▲ 87.4%
Profit (loss) for the period before taxes9903-€17,189-€27,180▼ 58.1%
Profit (loss) for the period9904-€17,189-€27,180▼ 58.1%
Profit (loss) for the period to be appropriated9905-€17,189-€27,180▼ 58.1%
Line20232024Change
Assets
Total assets20/58€120,406€43,713▼ 63.7%
Fixed assets21/28€87,482€238▼ 99.7%
Tangible fixed assets22/27€87,283€0▼ 100%
Plant, machinery and equipment23€45,816€0▼ 100%
Furniture and vehicles24€7,682€0▼ 100%
Other tangible fixed assets26€33,785€0▼ 100%
Financial fixed assets28€198€238▲ 19.8%
Current assets29/58€32,925€43,475▲ 32.0%
Amounts receivable within one year40/41€22,011€41,705▲ 89.5%
Trade receivables40€22,011€0▼ 100%
Other amounts receivable41-€41,705-
Cash at bank and in hand54/58€10,274€1,132▼ 89.0%
Deferred charges and accrued income490/1€639€637▼ 0.3%
Equity and liabilities
Total equity and liabilities10/49€120,406€43,713▼ 63.7%
Equity10/15€2,811-€24,368▼ 967%
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€17,189-€44,368▼ 158%
Amounts payable17/49€117,595€68,081▼ 42.1%
Amounts payable within one year42/48€80,621€62,951▼ 21.9%
Trade debts44€8,886€18,778▲ 111%
Suppliers440/4€8,886€18,778▲ 111%
Advances received on contracts in progress46-€11-
Taxes, remuneration and social security45€13,328€6,542▼ 50.9%
Taxes450/3€6,234€4,475▼ 28.2%
Remuneration and social security454/9€7,094€2,068▼ 70.9%
Other amounts payable47/48€58,408€37,620▼ 35.6%
Accrued charges and deferred income492/3€36,974€5,130▼ 86.1%
Line20232024Change
Profit (loss) for the period9904-€17,189-€27,180▼ 58.1%
+ Depreciation and write-downs630€9,898€0▼ 100%
Operating cash flow (approximation)-€7,291-€27,180▼ 273%
Investment in fixed assets (approximation)-€87,244-
Change in cash--€9,142-

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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Timeline · acts, filings and financial milestones

2025
29-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 151 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
4 acts for this company are 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, Brussel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,244 m²
Building footprint
2,504 m²
Volume, LiDAR
61,492 m³
2 parcels, Brussels, Flanders · tallest building 35.6 m, ±9 floors. Linked by address, not a title deed.
462 companies at this address See who is registered here
1 establishment unit
Vivace
Kapellestraat 24, 9940 EvergemFull-service restaurants
since 20232.345.466.631
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0007/00R000 Brussels 1,683 m² 1 · 2,433 m² 35.6 m · 9 fl.
44302D1713/00B000 Flanders 561 m² 1 · 71 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 site
Evergem2.345.466.631
1 permission
Toelating · Eetgelegenheid · since 22-06-2023

Similar companies · same sector, comparable size

Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 3,535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.