VLIBRA
ActiveSummary
VLIBRA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €9k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 67% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+6
Solvency75▲+19
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 0.84 in 2024; short-term debt: 43.1% and cash: 32.6% of total assets), and 49.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-11-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
37 d early
2023
1 d early
2022
3 d late
2021
2 d late
2020
1 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 15.6%
2024 · €60k
Total assets
€138k▼ 27.7%
2024 · €191k
Net result
€9k▲ 125%
2024 · €4k
Working capital
€20k
2024 · €-16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14k€23k▲ 60.6%€19k▼ 17.9%€5k▼ 72.3%€19k▲ 268%
Net result€11k€19k▲ 71.5%€13k▼ 35.6%€4k▼ 66.5%€9k▲ 125%
Equity€24k▲ 88.9%€43k▲ 80.7%€56k▲ 28.8%€60k▲ 7.5%€70k▲ 15.6%
Total assets€42k▲ 76.9%€101k▲ 143%€124k▲ 22.7%€191k▲ 54.0%€138k▼ 27.7%
Debt€18k▲ 62.8%€58k▲ 227%€68k▲ 18.1%€131k▲ 92.2%€69k▼ 47.7%
Working capital€14k€-29k€-5k▲ 84.1%€-16k▼ 243%€20k
Staff (FTE)0.30.6▲ 100%1.5▲ 150%1▼ 33.3%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 268% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€59k ▼ 44.5%
Current assets
€79k ▼ 6.9%
Equity and liabilities €138k
Equity
€70k ▲ 15.6%
Debt
€69k ▼ 47.7%
Debt's share of the balance-sheet total falls from 68.5% to 49.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▲
2024 · €33k
Cash flow
€36k▲
2024 · €32k
Current ratio
1.33▲
2024 · 0.84
Quick ratio
1.10▲
2024 · 0.71
Debt to equity
0.98▼
2024 · 2.18
ROE
13.5%▲
2024 · 7.0%
ROA
6.8%▲
2024 · 2.2%
Interest coverage
6.56▼
2024 · 13.19
Debt ≤ 1 year
€60k▼
2024 · €101k
Debt > 1 year
€0▼
2024 · €30k
Income taxes
€3k▲
2024 · €969
Staff costs
€6k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13k | €19k | €8k | €6k | ▼ 32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €15k | €21k | €28k | €27k | ▼ 3.1% |
| Other operating charges640/8 | - | €523 | €761 | €3k | €1k | ▼ 62.1% |
| Non-recurring operating charges66A | - | - | - | - | €8k | - |
| Gross operating margin9900 | €38k | €51k | €59k | €44k | €60k | ▲ 36.1% |
| Operating profit (loss)9901 | €14k | €23k | €19k | €5k | €19k | ▲ 268% |
| Financial income75/76B | - | €1 | €0 | €2k | €31 | ▼ 98.8% |
| Recurring financial income75 | - | €1 | €0 | €2k | €31 | ▼ 98.8% |
| Financial charges65/66B | - | €2k | €3k | €2k | €7k | ▲ 181% |
| Recurring financial charges65 | €696 | €2k | €3k | €2k | €7k | ▲ 181% |
| Profit (loss) for the period before taxes9903 | €13k | €21k | €16k | €5k | €12k | ▲ 134% |
| Income taxes67/77 | €2k | €1k | €3k | €969 | €3k | ▲ 173% |
| Profit (loss) for the period9904 | €11k | €19k | €13k | €4k | €9k | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €11k | €19k | €13k | €4k | €9k | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42k | €101k | €124k | €191k | €138k | ▼ 27.7% |
| Fixed assets21/28 | €10k | €72k | €88k | €106k | €59k | ▼ 44.5% |
| Tangible fixed assets22/27 | €8k | €71k | €86k | €104k | €57k | ▼ 45.2% |
| Land and buildings22 | - | €421 | €321 | €222 | €122 | ▼ 44.9% |
| Plant, machinery and equipment23 | - | €70k | €53k | €50k | €33k | ▼ 33.5% |
| Furniture and vehicles24 | - | - | €559 | €29k | €24k | ▼ 18.0% |
| Leasing and similar rights25 | - | - | €32k | €25k | €0 | ▼ 100% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €32k | €29k | €36k | €85k | €79k | ▼ 6.9% |
| Stocks and contracts in progress3 | €6k | €6k | €9k | €14k | €14k | ▲ 0.7% |
| Stocks30/36 | - | €6k | €9k | €14k | €14k | ▲ 0.7% |
| Amounts receivable within one year40/41 | €5k | €13k | €11k | €51k | €20k | ▼ 60.0% |
| Trade receivables40 | - | €9k | €10k | €36k | €20k | ▼ 44.5% |
| Other amounts receivable41 | - | €4k | €497 | €15k | €353 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €20k | €10k | €16k | €20k | €45k | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42k | €101k | €124k | €191k | €138k | ▼ 27.7% |
| Equity10/15 | €24k | €43k | €56k | €60k | €70k | ▲ 15.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €54k | €54k | €67k | €67k | €67k | = |
| Non-distributable reserves130/1 | - | €335 | €335 | €335 | €335 | = |
| Reserves not available under the articles1311 | - | €335 | €335 | €335 | €335 | = |
| Distributable reserves133 | - | €54k | €67k | €67k | €67k | = |
| Profit (loss) carried forward14 | €-49k | €-30k | €-30k | €-25k | €-16k | ▲ 37.1% |
| Amounts payable17/49 | €18k | €58k | €68k | €131k | €69k | ▼ 47.7% |
| Amounts payable after more than one year17 | - | - | €27k | €30k | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €27k | €30k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €18k | €58k | €41k | €101k | €60k | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7k | €7k | ▲ 4.9% |
| Trade debts44 | €4k | €18k | €19k | €8k | €3k | ▼ 66.4% |
| Suppliers440/4 | - | €18k | €19k | €8k | €3k | ▼ 66.4% |
| Taxes, remuneration and social security45 | - | €2k | €4k | €1k | €6k | ▲ 332% |
| Taxes450/3 | - | €1k | €4k | €1k | €6k | ▲ 332% |
| Remuneration and social security454/9 | - | €225 | €0 | - | - | - |
| Other amounts payable47/48 | - | €38k | €18k | €85k | €44k | ▼ 48.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €19k | €13k | €4k | €9k | ▲ 125% |
| + Depreciation and write-downs630 | €13k | €15k | €21k | €28k | €27k | ▼ 3.1% |
| Operating cash flow (approximation) | €24k | €34k | €34k | €32k | €36k | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | €-77k | €-36k | €-46k | €20k | ▲ 144% |
| Change in cash | - | €-10k | €6k | €4k | €25k | ▲ 525% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
31-03
Financial
Highest result since 2019net €19k ▲71.5%
Operating result €23k, net result €19k, both a record.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 1.81
Current ratio from 0.72 to 1.81.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zulte · 1 establishment unit since 1998
Ground area
1,730 m²
Building footprint
200 m²
Volume, LiDAR
922 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
't Frituurke
since 19982.085.330.150
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037B0841/00F000 | Flanders | 1,675 m² | 1 · 146 m² | 8.3 m · 2 fl. |
| 44049B0122/00N000 | Flanders | 54 m² | 1 · 54 m² | 3.4 m · 1 fl. |
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 siteDeinze2.085.330.150
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,167 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 (pre-2019)
Founded21-01-1998
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.