Equity
-€5,966
Debts exceed assets in financial year 2025.
Vlinus
Lifetime
8 annual accounts with figures on one time axispeak €89,854 (2022)
€8,187▲ €19,276
lowest -€24,769 (2024)
-€10,879▲ €13,891
peak €43,791 (2022)
-€5,966▼ €10,879
€83,599▼ 19.4%
Board1 name since 2018
1 directorDE VLIEGHER Linus Hanne Jacoba
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Gross margin from -€11,089 to €8,187Loss of €10,879Equity from €4,913 to -€5,966Debts from €103,719 to €83,599Cash from €35,170 to €14,218
Key points
from the 2025 annual accountsLosses
-€35,648 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €92,000 estimated
The micro format states no turnover.
Debts
€83,599 108% of the balance sheet
Financial debts 38%Suppliers 2%Taxes and wages 3%Other 56%
Of this, €51,527 falls due within a year.
Filings
8 annual accounts 2 late
The 2019 accounts came latest: 42 days after the end of the period.
Position in the sector
-€10,879
Lower net result than 80% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
Checked score
49
Fair
Financially stronger than 21% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.2%▼ -0.2 percentage points vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025lowest value
03-2025: 1.2%● unchanged vs 02-2025lowest value
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.5%▲ +0.3 percentage points vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%▲ +0.2 percentage points vs 06-2025
08-2025: 3.3%▲ +1.7 percentage points vs 07-2025
09-2025: 3.3%● unchanged vs 08-2025
10-2025: 3.3%● unchanged vs 09-2025highest value
11-2025: 3.3%● unchanged vs 10-2025highest value
12-2025: 3.3%● unchanged vs 11-2025highest value
01-2026: 3.1%▼ -0.2 percentage points vs 12-2025
02-2026: 3.0%▼ -0.1 percentage points vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 3.2%▲ +0.2 percentage points vs 03-2026
05-2026: 2.1%▼ -1.1 percentage points vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.9%▲ +0.9 percentage points vs 07-2026
09-2026: 2.9%● unchanged vs 08-2026
10-2026: 2.9%● unchanged vs 09-2026
11-2026: 2.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Negative equity -€5,966
Loss of €10,879, the second in a row (financial year 2025)
lowers risk
Size: total assets €77,634
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 56, micro). It does better than 23% of them on solvency, 32% on liquidity, 26% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as Vlinus has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Vlinus itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,008 companies, not a prediction for Vlinus. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.55 (0.77 in 2024), below 1. Short-term debt is 66.4% and cash 18.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€5,966
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 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 days early
2024
on the day
2023
19 days early
2022
87 days early
2021
31 days early
2020
18 days early
2019
42 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before 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.
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 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0696594711
Registered-office move · Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
Resignation: DE VLIEGHER Linus Hanne Jacoba (director) · Appointment: DE VLIEGHER Linus Hanne Jacoba (director) · “Het verschaffen van logies voor kortstondig verblijf,al dan niet in combinatie met het verschaffen van…” (deed in Dutch) · General meeting of 22-04-2024 · Gazette deed
Incorporation
Founder: DE VLIEGHER Linus Hanne Jacoba · Founding capital of €18,600, 100 shares, €12,400 paid up · Appointment: DE VLIEGHER Linus Hanne Jacoba (manager) · published on 22-05-2018 · Gazette deed
First establishment
Smissebeekstraat 9, Jabbeke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Vlinus Jabbeke | €77,634 | €8,187 | -7.7% | - |
| M&Z TRANSPORT Brussels | €75,751 | €9,175 | 68.8% | - |
| AMIGOS Antwerp | €67,898 | €8,066 | 88.6% | - |
| SHAMS Dendermonde | €82,692 | €9,777 | 85.8% | - |
| SBF Eeklo | €67,885 | €6,969 | -19.1% | - |
| SSL BUSINESS Saint-Josse-ten-Noode | €85,026 | €9,072 | 100.0% | - |
| AMILCAR Ostend | €78,789 | €7,431 | 4.5% | - |
These companies have the same main activity as Vlinus: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €67,900 and €85,000, founded between 2017 and 2021.
Official details
Source: KBO- Status
- Active since 17-05-2018Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.275.980.9778490 Jabbeke, since 17-05-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2025
Annual accounts 2025
- €77,634▼ 28.5%
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on Vlinus
Vlinus files the micro format. That format states no turnover. The gross margin fell from €16,459 in 2018 to €8,187 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Vlinus
- What is the company number of Vlinus?
- The company number of Vlinus is 0696.594.711. The VAT number is the same number with BE in front: BE 0696.594.711.
- Where is Vlinus based?
- The registered office is at Smissebeekstraat 9, 8490 Jabbeke.Company details
- What does Vlinus do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of Vlinus?
- Vlinus is a private limited company (BV).
- When was Vlinus founded?
- Vlinus was founded on 17-05-2018.
- Is Vlinus still active?
- Yes, Vlinus is an active enterprise in the KBO register.
- What is the turnover of Vlinus?
- The turnover in financial year 2025 is ≈ €92,000. This figure is estimated from the gross margin of €8,187 and 133 comparable companies (NACE 56112). It probably lies between €57,000 and €160,000. It is a rough estimate.Financials
- Is Vlinus profitable?
- In financial year 2025, Vlinus made a loss of €10,879.
- Where can I find the annual accounts of Vlinus?
- Vlinus filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Vlinus due?
- Vlinus must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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