Equity
€119,943 ▲ 16.6%
VLS has made a profit without a break since 2021.
VLS
Lifetime
10 annual accounts with figures on one time axispeak €130,938 (2021)
€109,834▼ 4.8%
lowest -€8,636 (2019)
€17,066▼ 44.6%
peak €119,943 (2025)
€119,943▲ 16.6%
€359,452▲ 79.3%
peak 3.6 FTE (2019)
-not published
Board2 names since 2014
1 directorVan Landeghem Sandy Albert Elza
Owners
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Result from €30,817 to €17,066Equity from €102,877 to €119,943Debts from €200,460 to €359,452Investments €137,253Cash from €26,183 to €53,910
Key points
from the 2025 annual accountsTurnover
≈ €340,000 estimated
The micro format states no turnover.
Debts
€359,452 ▲ 79.3%
Debts rose by €158,992 in 2025.
Investments
€137,252 3.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 150.1% higher than in 2024.
Liquidity
1.15 was 0.64 in 2024
Short-term debts rose from €48,164 to €94,488.
Filings
10 annual accounts 11 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Checked score
69
Healthy
Financially stronger than 56% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.6%▼ -0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025
11-2025: 1.2%▲ +0.5 percentage points vs 10-2025highest value
12-2025: 0.3%▼ -0.9 percentage points 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: 0.3%● unchanged vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.7%▲ +0.3 percentage points vs 09-2026
11-2026: 0.8%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Figures for financial year 2025 (filed on 02-11-2025)
lowers risk
Size: total assets €479,395
Founded in 2014
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 46% of them on solvency, 62% on liquidity, 55% on profitability and 63% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 4,107 companies had the same profile as VLS has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VLS itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 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 4,107 companies, not a prediction for VLS. 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
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (0.64 in 2024), below the usual 1.5. Short-term debt is 19.7% and cash 11.2% of total assets. 75% of the assets are financed with debt and provisions.
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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 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
25 days late
2023
4 days early
2022
3 days early
2021
5 days early
2020
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 2 days after 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0550987219
Amendment of the articles · Legal-form change · Resignations & appointments
Change of role: Van Landeghem Sandy Albert Elza, from manager to director · General meeting of 26-12-2023 · Gazette deed
Resignation: Arthur Van Landeghem (director)
General meeting of 28-10-2020 · Gazette deed
Incorporation
published on 02-05-2014 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VLS Sint-Gillis-Waas | €479,395 | €109,834 | 25.0% | - |
| FLAME FLAVOUR Lommel | €467,112 | €105,107 | 10.6% | - |
| SUSKA SNACKS Heusden-Zolder | €481,225 | €95,678 | 69.2% | - |
| KYTPartners Lier | €526,110 | €112,609 | 66.4% | - |
| DOBH Zaventem | €475,925 | €127,182 | 36.6% | - |
| J&M COMPANY Riemst | €406,575 | €109,657 | 53.2% | - |
| BOWLING HELIOS Balen | €443,323 | €116,236 | 46.0% | - |
These companies have the same main activity as VLS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €407,000 and €526,000, founded between 2012 and 2015.
Official details
Source: KBO- Status
- Active since 29-04-2014Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 31-03-2023
- Establishment unit
- 2.229.923.2019170 Sint-Gillis-Waas, since 29-04-2014
- Financial year end
- 31 March
- Peppol
- Reachable since 26-07-2024
Insights on VLS
VLS files the micro format. That format states no turnover. The gross margin rose from €71,042 in 2016 to €109,834 in 2025.
The balance sheet grew most from 2021 to 2022 through fixed assets, financed with long-term debt.
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 VLS
- What is the company number of VLS?
- The company number of VLS is 0550.987.219. The VAT number is the same number with BE in front: BE 0550.987.219.
- Where is VLS based?
- The registered office is at Hogenakkerstraat 86, 9170 Sint-Gillis-Waas.Company details
- What does VLS 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 VLS?
- VLS is a private limited company (BV).
- When was VLS founded?
- VLS was founded on 29-04-2014.
- Is VLS still active?
- Yes, VLS is an active enterprise in the KBO register.
- How many employees does VLS have?
- VLS had an average of 6.8 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does VLS fall under?
- In its 31-03-2023 annual accounts, VLS states joint committee 302 (Hotels and catering).
- What is the turnover of VLS?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €109,834 and 79 comparable companies (NACE 56112). It probably lies between €250,000 and €420,000. In financial year 2019 turnover was €263,270.
- Is VLS profitable?
- In financial year 2025, VLS made a profit of €17,066.
- Where can I find the annual accounts of VLS?
- VLS filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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