VKVB
ActiveSummary
VKVB has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155,848 and a net result of €36,844. Equity has been growing by about 40% per year since 2021. Its solvency ranks better than 52% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-12-2020 Normal situation
- Activity
- Retail trade NACE 47271and 3 others
- Joint committees
- 119 Paritair Comité voor de handel in voedingswaren
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2024
- Establishment unit
- 2.310.948.289 9140 Temse, since 17-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 25-07-2025
Board and ownership
Board
- Van Broeck MathiasDirector · since 16-12-2020
- Van Kerckhove NathalieDirector · since 16-12-2020
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €164,287
- ▲ 19.4%
- Turnover
- ≈ €820,000
- estimated
- Profit
- €36,844
- ▼ 6.4%
- Equity
- €155,848
- ▲ 31.0%
- Total assets
- €432,220
- ▼ 4.5%
- Employees on 31-12-2025
- 5
- ▲ 25.0%
Score breakdownraises riskFounded in 2020lowers riskLiquidity: current ratio 1.30, cash €205,804Size: total assets €432,220Figures for financial year 2025 (filed on 15-07-2026)Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 71% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency
61+10
equity 36.1% of total assets
Liquidity
77+4
short-term debt 46.4% · cash 47.6%
Profitability
79-1
return on assets 8.5%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025highest value
08-2025: 0.3%▼ -0.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.3 (1.17 in 2024), below the usual 1.5. Short-term debt is 46.4% and cash 47.6% of total assets. 63.9% of the assets are financed with debt and provisions.
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 47, micro). It does better than 51% of them on solvency, 82% on liquidity, 70% on profitability and 80% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 days early
2024
9 days early
2023
15 days early
2022
12 days early
2021
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 13 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 19 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 5 filings
Turnover
≈ €820,000
Estimated: probably between €530,000 and €1.3m
Total assets
€432,220▼ 4.5%
2024 · €452,430
Net result
€36,844▼ 6.4%
2024 · €39,345
Working capital
€59,207▲ 43.7%
2024 · €41,194
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€58,726
▼ 5.5%
2025
20212025
Net result
€36,844
▼ 6.4%
2025
highest quarter of the sector
20212025
Equity
€155,848
▲ 31.0%
2025
highest quarter of the sector
20212025
Total assets
€432,220
▼ 4.5%
2025
highest quarter of the sector
20212025
Debt
€276,372
▼ 17.1%
2025
20212025
Working capital
€59,207
▲ 43.7%
2025
middle half of the sector
20212025
Solvency
36.1%
▲ 9.8pp
2025
middle half of the sector
20212025
Current ratio
1.30
▲ 0.12
2025
middle half of the sector
20212025
Return on assets (ROA)
8.5%
▼ 0.2pp
2025
middle half of the sector
20212025
Staff (FTE)
1.9
▲ 18.8%
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,899-€17,734▼ 55.6%€35,412▲ 99.7%€62,129▲ 75.4%€58,726▼ 5.5%
Net result€35,782above the sector's middle half-€14,958within the sector's middle half▼ 58.2%€22,720above the sector's middle half▲ 51.9%€39,345above the sector's middle half▲ 73.2%€36,844above the sector's middle half▼ 6.4%
Equity€41,982within the sector's middle half-€56,939within the sector's middle half▲ 35.6%€79,659within the sector's middle half▲ 39.9%€119,005within the sector's middle half▲ 49.4%€155,848above the sector's middle half▲ 31.0%
Total assets€332,492above the sector's middle half-€380,258above the sector's middle half▲ 14.4%€327,827above the sector's middle half▼ 13.8%€452,430above the sector's middle half▲ 38.0%€432,220above the sector's middle half▼ 4.5%
Debt€290,510-€323,319▲ 11.3%€248,168▼ 23.2%€333,425▲ 34.4%€276,372▼ 17.1%
Working capital-€71,008below the sector's middle half--€46,530below the sector's middle half▲ 34.5%-€5,728within the sector's middle half▲ 87.7%€41,194within the sector's middle half€59,207within the sector's middle half▲ 43.7%
Solvency12.6%within the sector's middle half-15.0%within the sector's middle half▲ 2.3pp24.3%within the sector's middle half▲ 9.3pp26.3%within the sector's middle half▲ 2.0pp36.1%within the sector's middle half▲ 9.8pp
Current ratio0.54below the sector's middle half-0.77below the sector's middle half▲ 0.230.96within the sector's middle half▲ 0.191.17within the sector's middle half▲ 0.211.30within the sector's middle half▲ 0.12
Return on assets (ROA)10.8%within the sector's middle half-3.9%within the sector's middle half▼ 6.8pp6.9%within the sector's middle half▲ 3.0pp8.7%within the sector's middle half▲ 1.8pp8.5%within the sector's middle half▼ 0.2pp
Staff (FTE)1-1.5▲ 50.0%2.1▲ 40.0%1.6▼ 23.8%1.9▲ 18.8%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432,220
Fixed assets
€172,543 ▲ 1.6%
Current assets
€259,677 ▼ 8.1%
Equity and liabilities €432,220
Equity
€155,848 ▲ 31.0%
Debt
€276,372 ▼ 17.1%
Debt's share of the balance-sheet total falls from 73.7% to 63.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112,795▲
2024 · €98,561
Cash flow
€90,913▲
2024 · €75,777
Quick ratio
1.16▲
2024 · 1.04
Debt to equity
1.77▼
2024 · 2.80
ROE
23.6%▼
2024 · 33.1%
Interest coverage
50.39▲
2024 · 45.66
Debt ≤ 1 year
€200,470▼
2024 · €241,443
Debt > 1 year
€75,902▼
2024 · €91,982
Income taxes
€20,401▼
2024 · €21,078
Staff costs
€50,529▲
2024 · €38,783
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 2 | 7 | 4 | 5 |
| full-time | 2 | - | 4 | 2 | 2 |
| part-time | 2 | 2 | 3 | 2 | 3 |
| in full-time equivalents | 2.9 | 1.3 | 5.1 | 3.4 | 3.8 |
| Average over the year, in full-time equivalents | 0.8 | 0.9 | 1.7 | 1.2 | 1.5 |
| On a permanent contract | 1 | 2 | 1 | 2 | 1 |
| Joined | 13 | 4 | 31 | 18 | 18 |
| Left | 9 | 6 | 26 | 21 | 17 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €275,398 | €8,024 | €4,405 | €8,069 | €55,140 |
| Intangible fixed assets | - | - | - | €4,500 | - |
| Financial fixed assets | €213 | €394 | €877 | €482 | €1,679 |
| Depreciation and write-downs of the year | €26,045 | €34,007 | €36,085 | €36,432 | €54,069 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €19,227 | €33,111 | €50,513 | €38,783 | €50,529 | ▲ 30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,045 | €34,007 | €36,085 | €36,432 | €54,069 | ▲ 48.4% |
| Other operating charges640/8 | €1,167 | €1,373 | €791 | €204 | €962 | ▲ 373% |
| Gross operating margin9900 | €86,338 | €86,225 | €122,801 | €137,547 | €164,287 | ▲ 19.4% |
| Operating profit (loss)9901 | €39,899 | €17,734 | €35,412 | €62,129 | €58,726 | ▼ 5.5% |
| Financial income75/76B | €359 | €551 | €444 | €452 | €757 | ▲ 67.4% |
| Recurring financial income75 | €359 | €551 | €444 | €452 | €757 | ▲ 67.4% |
| Financial charges65/66B | €898 | €1,832 | €3,056 | €2,158 | €2,238 | ▲ 3.7% |
| Recurring financial charges65 | €898 | €1,832 | €3,056 | €2,158 | €2,238 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €39,360 | €16,453 | €32,800 | €60,423 | €57,245 | ▼ 5.3% |
| Income taxes67/77 | €3,578 | €1,496 | €10,079 | €21,078 | €20,401 | ▼ 3.2% |
| Profit (loss) for the period9904 | €35,782 | €14,958 | €22,720 | €39,345 | €36,844 | ▼ 6.4% |
| Profit (loss) for the period to be appropriated9905 | €35,782 | €14,958 | €22,720 | €39,345 | €36,844 | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332,492 | €380,258 | €327,827 | €452,430 | €432,220 | ▼ 4.5% |
| Fixed assets21/28 | €249,566 | €223,977 | €193,174 | €169,793 | €172,543 | ▲ 1.6% |
| Intangible fixed assets21 | - | - | - | €4,050 | €3,150 | ▼ 22.2% |
| Tangible fixed assets22/27 | €249,353 | €223,370 | €191,690 | €163,777 | €165,748 | ▲ 1.2% |
| Plant, machinery and equipment23 | €26,212 | €27,672 | €23,435 | €22,966 | €19,230 | ▼ 16.3% |
| Furniture and vehicles24 | €207,648 | €182,551 | €157,455 | €132,358 | €140,411 | ▲ 6.1% |
| Other tangible fixed assets26 | €15,493 | €13,147 | €10,800 | €8,454 | €6,108 | ▼ 27.8% |
| Financial fixed assets28 | €213 | €607 | €1,484 | €1,966 | €3,645 | ▲ 85.4% |
| Current assets29/58 | €82,926 | €156,282 | €134,654 | €282,637 | €259,677 | ▼ 8.1% |
| Stocks and contracts in progress3 | €14,550 | €35,005 | €34,024 | €30,557 | €27,487 | ▼ 10.0% |
| Stocks30/36 | €14,550 | €35,005 | €34,024 | €30,557 | €27,487 | ▼ 10.0% |
| Amounts receivable within one year40/41 | €12,256 | €19,078 | €19,124 | €44,390 | €26,386 | ▼ 40.6% |
| Trade receivables40 | €3,851 | €13,643 | €19,057 | €43,850 | €24,323 | ▼ 44.5% |
| Other amounts receivable41 | €8,405 | €5,435 | €67 | €540 | €2,063 | ▲ 282% |
| Cash at bank and in hand54/58 | €56,120 | €95,188 | €76,923 | €204,635 | €205,804 | ▲ 0.6% |
| Deferred charges and accrued income490/1 | - | €7,011 | €4,583 | €3,055 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332,492 | €380,258 | €327,827 | €452,430 | €432,220 | ▼ 4.5% |
| Equity10/15 | €41,982 | €56,939 | €79,659 | €119,005 | €155,848 | ▲ 31.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €35,782 | €50,739 | €73,459 | €112,805 | €149,648 | ▲ 32.7% |
| Distributable reserves133 | €35,782 | €50,739 | €73,459 | €112,805 | €149,648 | ▲ 32.7% |
| Amounts payable17/49 | €290,510 | €323,319 | €248,168 | €333,425 | €276,372 | ▼ 17.1% |
| Amounts payable after more than one year17 | €136,576 | €120,508 | €107,787 | €91,982 | €75,902 | ▼ 17.5% |
| Financial debts170/4 | €136,576 | €120,508 | €107,787 | €91,982 | €75,902 | ▼ 17.5% |
| Amounts payable within one year42/48 | €153,934 | €202,811 | €140,381 | €241,443 | €200,470 | ▼ 17.0% |
| Current portion of amounts payable after more than one year42 | €16,068 | €16,068 | €15,534 | €15,805 | €16,080 | ▲ 1.7% |
| Trade debts44 | €65,510 | €121,628 | €92,365 | €169,399 | €139,864 | ▼ 17.4% |
| Suppliers440/4 | €65,510 | €121,628 | €92,365 | €169,399 | €139,864 | ▼ 17.4% |
| Advances received on contracts in progress46 | - | €17,276 | €7,276 | €7,276 | - | - |
| Taxes, remuneration and social security45 | €7,407 | €15,935 | €14,387 | €36,952 | €38,652 | ▲ 4.6% |
| Taxes450/3 | €3,893 | €1,758 | €10,387 | €24,085 | €26,574 | ▲ 10.3% |
| Remuneration and social security454/9 | €3,514 | €14,176 | €4,001 | €12,867 | €12,078 | ▼ 6.1% |
| Other amounts payable47/48 | €64,949 | €31,905 | €10,819 | €12,011 | €5,874 | ▼ 51.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,782 | €14,958 | €22,720 | €39,345 | €36,844 | ▼ 6.4% |
| + Depreciation and write-downs630 | €26,045 | €34,007 | €36,085 | €36,432 | €54,069 | ▲ 48.4% |
| Operating cash flow (approximation) | €61,826 | €48,964 | €58,805 | €75,777 | €90,913 | ▲ 20.0% |
| Investment in fixed assets (approximation) | - | -€8,417 | -€5,282 | -€13,051 | -€56,819 | ▼ 335% |
| Change in cash | - | €39,068 | -€18,264 | €127,711 | €1,169 | ▼ 99.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as VKVB has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VKVB itself is lower: 0.2% within 12 months. It rests on far more data about VKVB than the profile alone.
Test of the method
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 26,972 companies, not a prediction for VKVB. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00294846 | |
| 31-12-2024 | micro format | 22-07-2025 | 2025-00291971 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00247720 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00248350 | |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20204007 |
Board & ownership
Directors
Directors
2 directors
Van Broeck Mathias
Current
Van Kerckhove Nathalie
Current
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Van Broeck Mathias |
|
| Van Kerckhove Nathalie |
|
Network & group
VKVB shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of VKVB. 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
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
15-07
micro format · 16 days before the deadline
2025
31-12
Financial
Equity above €150,000equity €155,848 ▲31%
With a profit in every financial year since 2021, equity grows to €155,848.
22-07
micro format · 9 days before the deadline
2024
31-12
Financial
Highest result from 2021 to 2025net €39,345 ▲73.2%
The operating result of €62,129 and the net result of €39,345 are both a record.
31-12
Financial
Equity above €100,000equity €119,005 ▲49.4%
With a profit in every financial year since 2021, equity grows to €119,005.
16-07
micro format · 15 days before the deadline
2023
19-07
micro format · 12 days before the deadline
2022
31-12
Financial
Weakest financial yearnet €14,958 ▼58.2%
The net result drops to €14,958, the lowest from 2021 to 2025. It recovers the following year.
20-07
micro format · 11 days before the deadline
2020
21-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
VKVB in Dutch
Enterprise number
0759.921.853
Legal form
Private limited company
Status
Active, normale toestand
Founded
17-12-2020
Entity type
Legal entity
Registered office and establishments
Registered office
Hogenakkerstraat 194, 9140 Temse, Belgium
Establishment unit
Kaas & Zuivel Nathalie, Hogenakkerstraat 194, 9140 Temse since 17-12-2020 · unit number 2.310.948.289
Activities
NACEBEL 2025VAT activities
47271
Retail trade main activity
49410
Freight transport by road
81300
Landscape service activities
Social security (RSZ) activities
47210
Retail sale of fruit and vegetables main activity
Codes under NACEBEL 2008
VAT activities
47291
Retail trade main activity
49410
Road freight transport
81300
Landscape service activities
Social security (RSZ) activities
47810
Retail trade main activity
Joint committees
119 Paritair Comité voor de handel in voedingswaren
201 Paritair Comité voor de zelfstandige kleinhandel annual accounts 2024
Invoicing and payment
VAT number
BE 0759.921.853
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteTemseunit number 2.310.948.289
Sites & property
Location
Buildings and parcels at the address
Ground area
147 m²
Building footprint
102 m²
Building volume
527 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46026B0594/00N000 | Flanders | 147 m² | 1 · 102 m² | 9.2 m · 2 |