VO TAN
ActiveSummary
VO TAN has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,094) and a net result of €10,339. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 13874 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
What they do
Limited-service restaurants, excluding mobile food services
NACE 56112NACE 55302Limited-service restaurants NACE 56102
1 site
How big
€28,792total assets 2025
- Equity
- -€8,094
- Profit
- €10,339
Turnover not published (abridged schema)
Who decides
Accounts filed 8 d late0 of 3 deeds read
Why 54- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sector+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth64=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.05 against 1.12 in 2024; short-term debt: 42.1% and cash: 2.9% of total assets), but equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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 2025Solvency, return and age of the figures
Solvency
-28.1%
Return on assets
35.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 13874 sector peers (2025).
NBB · sector comparisonPosition among 13874 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-05-2026, 8 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
8 d late
2024
22 d late
2023
36 d early
2022
2 d late
2021
38 d early
2020
28 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 2 May (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €28,792Profit €10,339Solvency -28.1%Liquidity 2.05
Turnover
€73,116▲ 229%
2019 - 2022
Net result
€10,339▼ 39.0%
2019 - 2025
Equity
-€8,094▲ 56.1%
2019 - 2025
Solvency
-28.1%▲ 37.8pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
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 56, Food and beverage service activities, 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
Line20212022202320242025
Turnover€22,253▼ 57.9%€73,116▲ 229%
Operating result-€14,217€6,971-€2,873€15,661€11,783▼ 24.8%
Net result-€14,545below the sector's middle half€6,432within the sector's middle half€83,774above the sector's middle half▲ 1,202%€16,937within the sector's middle half▼ 79.8%€10,339within the sector's middle half▼ 39.0%
EBIT margin-63.9%▼ 100.2pp9.5%▲ 73.4pp
Equity-€125,576below the sector's middle half▼ 13.1%-€119,145below the sector's middle half▲ 5.1%-€35,371below the sector's middle half▲ 70.3%-€18,434below the sector's middle half▲ 47.9%-€8,094below the sector's middle half▲ 56.1%
Total assets€12,270below the sector's middle half▼ 40.4%€20,724below the sector's middle half▲ 68.9%€7,537below the sector's middle half▼ 63.6%€27,965below the sector's middle half▲ 271%€28,792below the sector's middle half▲ 3.0%
Debt€137,847▲ 4.7%€139,868▲ 1.5%€42,907▼ 69.3%€46,399▲ 8.1%€36,886▼ 20.5%
Working capital-€4,452within the sector's middle half€11,310within the sector's middle half-€412within the sector's middle half€1,604within the sector's middle half€12,665within the sector's middle half▲ 690%
Solvency-574.9%below the sector's middle half-469.3%below the sector's middle half▲ 105.6pp-65.9%below the sector's middle half▲ 403.4pp-28.1%below the sector's middle half▲ 37.8pp
Current ratio0.49below the sector's middle half▼ 5.664.15above the sector's middle half▲ 3.660.90within the sector's middle half▼ 3.251.12within the sector's middle half▲ 0.232.05within the sector's middle half▲ 0.92
Return on assets (ROA)-118.5%below the sector's middle half▼ 210.3pp31.0%above the sector's middle half▲ 149.6pp60.6%above the sector's middle half35.9%above the sector's middle half▼ 24.7pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,792
Fixed assets
€4,016 ▼ 70.1%
Current assets
€24,776 ▲ 70.5%
Equity and liabilities
Equity-€8,094
Debt€36,886
Equity is negative: debt (€36,886) exceeds the balance-sheet total (€28,792).
Key figures and ratios
Key figures and ratios
EBITDA
€14,217▼
2024 · €18,049
Cash flow
€12,773▼
2024 · €19,324
Quick ratio
1.92▲
2024 · 1.01
Interest coverage
9.96▼
2024 · 21.30
Debt ≤ 1 year
€12,111▼
2024 · €12,925
Debt > 1 year
€24,709▼
2024 · €33,409
Income taxes
€201▲
2024 · €44
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €22,253 | €73,116 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €65,512 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,147 | €2,147 | €1,940 | €2,387 | €2,434 | ▲ 2.0% |
| Other operating charges640/8 | - | €486 | €773 | €1,504 | €5,110 | ▲ 240% |
| Gross operating margin9900 | -€11,864 | €9,604 | -€160 | €19,553 | €19,327 | ▼ 1.2% |
| Operating profit (loss)9901 | -€14,217 | €6,971 | -€2,873 | €15,661 | €11,783 | ▼ 24.8% |
| Financial income75/76B | - | €10 | €87,178 | €2,167 | €184 | ▼ 91.5% |
| Recurring financial income75 | €2 | €10 | €162 | €2,167 | €184 | ▼ 91.5% |
| Non-recurring financial income76B | - | - | €87,016 | - | - | - |
| Financial charges65/66B | - | €549 | €531 | €847 | €1,427 | ▲ 68.4% |
| Recurring financial charges65 | €329 | €549 | €531 | €847 | €1,427 | ▲ 68.4% |
| Profit (loss) for the period before taxes9903 | -€14,545 | €6,432 | €83,774 | €16,981 | €10,540 | ▼ 37.9% |
| Income taxes67/77 | - | - | - | €44 | €201 | ▲ 355% |
| Profit (loss) for the period9904 | -€14,545 | €6,432 | €83,774 | €16,937 | €10,339 | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€14,545 | €6,432 | €83,774 | €16,937 | €10,339 | ▼ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12,270 | €20,724 | €7,537 | €27,965 | €28,792 | ▲ 3.0% |
| Fixed assets21/28 | €7,966 | €5,819 | €3,880 | €13,437 | €4,016 | ▼ 70.1% |
| Tangible fixed assets22/27 | €7,966 | €5,819 | €3,880 | €13,437 | €4,016 | ▼ 70.1% |
| Plant, machinery and equipment23 | - | €3,073 | €2,049 | €2,029 | €754 | ▼ 62.9% |
| Furniture and vehicles24 | - | - | - | €10,035 | €2,347 | ▼ 76.6% |
| Other tangible fixed assets26 | - | €2,746 | €1,831 | €1,373 | €915 | ▼ 33.3% |
| Current assets29/58 | €4,304 | €14,904 | €3,657 | €14,528 | €24,776 | ▲ 70.5% |
| Stocks and contracts in progress3 | - | - | - | €1,500 | €1,500 | = |
| Stocks30/36 | - | - | - | €1,500 | €1,500 | = |
| Amounts receivable within one year40/41 | €2,679 | €14,693 | €3,138 | €4,398 | €10,290 | ▲ 134% |
| Trade receivables40 | - | €668 | €668 | €4,134 | - | - |
| Other amounts receivable41 | - | €14,025 | €2,470 | €264 | €10,290 | ▲ 3,803% |
| Cash at bank and in hand54/58 | €1,625 | €211 | €519 | €429 | €828 | ▲ 93.0% |
| Deferred charges and accrued income490/1 | - | - | - | €8,202 | €12,158 | ▲ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12,270 | €20,724 | €7,537 | €27,965 | €28,792 | ▲ 3.0% |
| Equity10/15 | -€125,576 | -€119,145 | -€35,371 | -€18,434 | -€8,094 | ▲ 56.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€144,176 | -€137,745 | -€53,971 | -€37,034 | -€26,694 | ▲ 27.9% |
| Amounts payable17/49 | €137,847 | €139,868 | €42,907 | €46,399 | €36,886 | ▼ 20.5% |
| Amounts payable after more than one year17 | €129,091 | €136,274 | €38,839 | €33,409 | €24,709 | ▼ 26.0% |
| Financial debts170/4 | - | €136,274 | €38,839 | €33,409 | €24,709 | ▼ 26.0% |
| Amounts payable within one year42/48 | €8,756 | €3,594 | €4,069 | €12,925 | €12,111 | ▼ 6.3% |
| Financial debts43 | - | €1,512 | €2,385 | - | €2,263 | - |
| Credit institutions430/8 | - | €1,512 | €2,385 | - | €2,263 | - |
| Trade debts44 | €5,337 | €799 | €404 | €6,864 | €3,431 | ▼ 50.0% |
| Suppliers440/4 | - | €799 | €404 | €6,864 | €3,431 | ▼ 50.0% |
| Taxes, remuneration and social security45 | - | €214 | €1,049 | €1,457 | €1,562 | ▲ 7.3% |
| Taxes450/3 | - | €214 | €1,049 | €1,457 | €1,562 | ▲ 7.3% |
| Other amounts payable47/48 | - | €1,070 | €230 | €4,604 | €4,854 | ▲ 5.4% |
| Accrued charges and deferred income492/3 | - | - | - | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,545 | €6,432 | €83,774 | €16,937 | €10,339 | ▼ 39.0% |
| + Depreciation and write-downs630 | €2,147 | €2,147 | €1,940 | €2,387 | €2,434 | ▲ 2.0% |
| Operating cash flow (approximation) | -€12,398 | €8,579 | €85,714 | €19,324 | €12,773 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,945 | €6,987 | ▲ 158% |
| Change in cash | - | -€1,414 | €308 | -€90 | €399 | ▲ 544% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,786. See the whole sector
Timeline
15 eventsLatest 08-05-2026Next filing 30-04-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2019net €83,774 ▲1,202%
Net result €83,774, the highest in the series.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €6,432
Net result €6,432 after one loss-making year.
30-09
Financial
Liquidity times 8current ratio 4.15
Current ratio from 0.49 to 4.15; short-term debt falls from €8,756 to €3,594.
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€14,545
Net result drops to -€14,545, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity times 12current ratio 6.15
Current ratio from 0.51 to 6.15; short-term debt falls from €4,850 to €3,285.
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
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 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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Support & recognitions
1 funding sourceFlanders €2,0001 register with a recognitionFASFC 1 site
Flemish government
€2,000
awarded · 2022
FASFC
1
authorised site
Subsidies and aid
Flemish government
2022 · 1 entry · €2,000 awarded · €2,000 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €2,000 | €2,000 |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGentunit no. 2.073.604.929
Company details
Private limited company · founded 14-09-1995Year ends 30-09Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded14-09-1995
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456002641
Also
9925:BE0456002641
Registered
17-11-2025
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.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1995
Ground area
17 m²
Parcel 44805E0601/02M005, Flanders. Linked by address, not a title deed.
1 establishment unit
Het Wokske
since 1995unit no. 2.073.604.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0601/02M005 | Flanders | 17 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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