VNB CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of VNB CONCEPT is 6.3% (elevated). For VNB CONCEPT, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €3,425 and a net result of -€549. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 37% of 1849 sector peers (fiscal year 2022). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability24▲+24
Solvency40▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
15%
Return on assets
-2.4%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
67 d late
2021
66 d late
2020
68 d late
2019
102 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€178,063
EBIT margin
1.6%
Net result
-€549▲ 96.8%
2021 · -€17,289
Working capital
€3,836▼ 58.4%
2021 · €9,223
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Turnover€178,063-
Operating result€2,812-€16,707▲ 494%-€15,921-€853▲ 94.6%
Net result€2,627-€16,636within the sector's middle half▲ 533%-€17,289below the sector's middle half-€549within the sector's middle half▲ 96.8%
EBIT margin1.6%-
Equity€4,627-€21,263within the sector's middle half▲ 360%€3,974below the sector's middle half▼ 81.3%€3,425within the sector's middle half▼ 13.8%
Total assets€27,980-€38,777below the sector's middle half▲ 38.6%€30,843below the sector's middle half▼ 20.5%€22,899below the sector's middle half▼ 25.8%
Debt€23,352-€17,514▼ 25.0%€26,869▲ 53.4%€19,474▼ 27.5%
Working capital-€3,737-€15,264within the sector's middle half€9,223within the sector's middle half▼ 39.6%€3,836within the sector's middle half▼ 58.4%
Solvency16.5%-54.8%above the sector's middle half▲ 38.3pp12.9%within the sector's middle half▼ 41.9pp15.0%within the sector's middle half▲ 2.1pp
Current ratio0.84-1.87within the sector's middle half▲ 1.031.55within the sector's middle half▼ 0.321.31within the sector's middle half▼ 0.24
Return on assets (ROA)9.4%-42.9%above the sector's middle half▲ 33.5pp-56.1%below the sector's middle half▼ 99.0pp-2.4%within the sector's middle half▲ 53.7pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
The operating result stays negative: a loss of €853 in 2022 against €15,921 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €22,899
Fixed assets
€6,859 ▲ 37.5%
Current assets
€16,041 ▼ 38.0%
Equity and liabilities €22,899
Equity
€3,425 ▼ 13.8%
Debt
€19,474 ▼ 27.5%
Debt's share of the balance-sheet total falls from 87.1% to 85.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,775▲
2021 · -€13,293
Cash flow
€2,079▲
2021 · -€14,661
Quick ratio
1.19▲
2021 · 0.98
Debt to equity
5.69▼
2021 · 6.76
ROE
-16.0%▲
2021 · -435.1%
Interest coverage
0.94▲
2021 · -9.71
Debt ≤ 1 year
€12,205▼
2021 · €16,634
Debt > 1 year
€7,270▼
2021 · €10,235
Income taxes
€162
Staff costs
€338▼
2021 · €3,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Turnover70 | €178,063 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €3,270 | €338 | ▼ 89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,461 | €2,365 | €2,628 | €2,628 | = |
| Other operating charges640/8 | - | - | €1,347 | - | - |
| Gross operating margin9900 | €8,118 | €19,816 | -€8,676 | €2,113 | ▲ 124% |
| Operating profit (loss)9901 | €2,812 | €16,707 | -€15,921 | -€853 | ▲ 94.6% |
| Financial income75/76B | - | - | - | €2,350 | - |
| Recurring financial income75 | €21 | €14 | - | €2,350 | - |
| Financial charges65/66B | - | - | €1,369 | €1,884 | ▲ 37.7% |
| Recurring financial charges65 | €206 | €85 | €1,369 | €1,884 | ▲ 37.7% |
| Profit (loss) for the period before taxes9903 | €2,627 | €16,636 | -€17,289 | -€388 | ▲ 97.8% |
| Income taxes67/77 | - | - | - | €162 | - |
| Profit (loss) for the period9904 | €2,627 | €16,636 | -€17,289 | -€549 | ▲ 96.8% |
| Profit (loss) for the period to be appropriated9905 | €2,627 | €16,636 | -€17,289 | -€549 | ▲ 96.8% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27,980 | €38,777 | €30,843 | €22,899 | ▼ 25.8% |
| Fixed assets21/28 | €8,364 | €5,999 | €4,986 | €6,859 | ▲ 37.5% |
| Tangible fixed assets22/27 | €8,364 | €5,999 | €4,686 | €2,059 | ▼ 56.1% |
| Plant, machinery and equipment23 | - | - | €4,686 | €2,059 | ▼ 56.1% |
| Financial fixed assets28 | - | - | €300 | €4,800 | ▲ 1,500% |
| Current assets29/58 | €19,615 | €32,778 | €25,857 | €16,041 | ▼ 38.0% |
| Stocks and contracts in progress3 | €3,356 | €860 | €9,624 | €1,489 | ▼ 84.5% |
| Stocks30/36 | - | - | €9,624 | €1,489 | ▼ 84.5% |
| Amounts receivable within one year40/41 | €11,255 | €7,652 | €6,474 | €5,804 | ▼ 10.3% |
| Trade receivables40 | - | - | - | €3,567 | - |
| Other amounts receivable41 | - | - | €6,474 | €2,237 | ▼ 65.4% |
| Cash at bank and in hand54/58 | €5,004 | €24,266 | €9,758 | €8,748 | ▼ 10.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27,980 | €38,777 | €30,843 | €22,899 | ▼ 25.8% |
| Equity10/15 | €4,627 | €21,263 | €3,974 | €3,425 | ▼ 13.8% |
| Contributions10/11 | €2,000 | - | €2,000 | €2,000 | = |
| Outside capital11 | - | - | €2,000 | - | - |
| Other1109/19 | - | - | €2,000 | - | - |
| Profit (loss) carried forward14 | €2,627 | €19,263 | €1,974 | €1,425 | ▼ 27.8% |
| Amounts payable17/49 | €23,352 | €17,514 | €26,869 | €19,474 | ▼ 27.5% |
| Amounts payable after more than one year17 | - | - | €10,235 | €7,270 | ▼ 29.0% |
| Financial debts170/4 | - | - | €10,235 | €7,270 | ▼ 29.0% |
| Amounts payable within one year42/48 | €23,352 | €17,514 | €16,634 | €12,205 | ▼ 26.6% |
| Current portion of amounts payable after more than one year42 | - | - | €2,782 | €2,728 | ▼ 1.9% |
| Trade debts44 | €8,085 | €12,193 | €13,852 | €9,477 | ▼ 31.6% |
| Suppliers440/4 | - | - | €13,852 | €9,477 | ▼ 31.6% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,627 | €16,636 | -€17,289 | -€549 | ▲ 96.8% |
| + Depreciation and write-downs630 | €3,461 | €2,365 | €2,628 | €2,628 | = |
| Operating cash flow (approximation) | €6,088 | €19,001 | -€14,661 | €2,079 | ▲ 114% |
| Investment in fixed assets (approximation) | - | €0 | -€1,615 | -€4,500 | ▼ 179% |
| Change in cash | - | €19,262 | -€14,508 | -€1,011 | ▲ 93.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Weakest financial yearnet -€17,289
Net result drops to -€17,289, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-12
Financial
Highest result since 2019net €16,636 ▲533%
Operating result €16,707, net result €16,636, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.87
Current ratio from 0.84 to 1.87; short-term debt falls from €23,352 to €17,514.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 2 establishment units since 2018
Ground area
274 m²
Building footprint
266 m²
Volume, LiDAR
2,456 m³
2 parcels, Brussels · tallest building 16.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Doce Tentação
since 20182.273.825.401
Doce Tentação
since 20212.322.989.157
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0409/00P000 | Brussels | 138 m² | 1 · 132 m² | 15.1 m · 3 fl. |
| 21013B0409/00N000 | Brussels | 136 m² | 1 · 133 m² | 16.0 m · 3 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 siteSint-Gillis2.322.989.157
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Of 4,226 companies in this sector we hold annual accounts for 1,878. 504 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692539418
Also
9925:BE0692539418
Registered
21-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.