VODA
ActiveThe computed 12-month bankruptcy probability of VODA is 1.7% (moderate). The 2025 annual accounts show equity of €21k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 13240 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+11
Solvency49▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.6 in 2024; short-term debt: 72.6% and cash: 16.1% of total assets), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.6%
Return on assets
12.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 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 · 8 filingsDeviation from the deadline
2025
4 d late
2024
6 d late
2023
35 d early
2022
2 d early
2021
1 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€21k▲ 115%
2024 · €10k
2018: €9k
2019: €-1k
2020: €-8k
2021: €-3k
2022: €-6k
2023: €-6k
2024: €10k
2018 → 2025
Total assets
€89k▼ 12.6%
2024 · €101k
2018: €41k
2019: €24k
2020: €22k
2021: €22k
2022: €22k
2023: €26k
2024: €101k
2018 → 2025
Net result
€11k▲ 218%
2024 · €4k
2018: €2k
2019: €-10k
2020: €-7k
2021: €5k
2022: €-4k
2023: €395
2024: €4k
2018 → 2025
Working capital
€-27k▲ 26.7%
2024 · €-37k
2018: €354
2019: €-10k
2020: €-16k
2021: €-9k
2022: €-7k
2023: €-7k
2024: €-37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€-6k▼ 139%€-6k▲ 6.2%€10k€21k▲ 115%
Operating result€6k-€-3k€757€4k▲ 366%€11k▲ 210%
Net result€5k-€-4k€395€4k▲ 790%€11k▲ 218%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 210% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€51k▲ 9.3%
Current assets
€38k▼ 31.2%
Equity and liabilities €89k
Equity
€21k▲ 115%
Debt
€68k▼ 26.1%
The debt ratio falls from 90.4% to 76.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2024 · €8k
Cash flow
€21k▲
2024 · €8k
Solvency
23.6%▲
2024 · 9.6%
Current ratio
0.58▼
2024 · 0.60
Quick ratio
0.26▼
2024 · 0.40
Debt / equity
3.24▼
2024 · 9.42
ROE
53.4%▲
2024 · 36.1%
ROA
12.6%▲
2024 · 3.5%
Interest coverage
26.67▼
2024 · 50.53
Debt
€68k▼
2024 · €92k
Debt ≤ 1 year
€64k▼
2024 · €91k
Income taxes
€230
Staff costs
€30k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€101k€89k▼
Fixed assets21/28€47k€51k▲
Tangible fixed assets22/27€47k€51k▲
Plant, machinery and equipment23€27k€25k▼
Furniture and vehicles24€9k€13k▲
Other tangible fixed assets26€10k€13k▲
Current assets29/58€55k€38k▼
Stocks and contracts in progress3€19k€21k▲
Stocks30/36€19k€21k▲
Amounts receivable within one year40/41€28k€2k▼
Trade receivables40€26k-
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€8k€14k▲
Deferred charges and accrued income490/1€374€1k▲
Equity and liabilities
Total equity and liabilities10/49€101k€89k▼
Equity10/15€10k€21k▲
Contributions10/11€19k€19k=
Reserves13-€2k
Distributable reserves133-€2k
Profit (loss) carried forward14€-9k-
Amounts payable17/49€92k€68k▼
Amounts payable within one year42/48€91k€64k▼
Financial debts43€454€221▼
Credit institutions430/8€454€221▼
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€1k€11k▲
Taxes450/3-€8k
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€85k€43k▼
Accrued charges and deferred income492/3€421€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€13k€30k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-660-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€21k€53k▲
Operating profit (loss)9901€4k€11k▲
Financial income75/76B€136€1k▲
Recurring financial income75€136€1k▲
Financial charges65/66B€149€793▲
Recurring financial charges65€149€793▲
Profit (loss) for the period before taxes9903€4k€11k▲
Income taxes67/77-€230
Profit (loss) for the period9904€4k€11k▲
Profit (loss) for the period to be appropriated9905€4k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€2k▲
Profit (loss) brought forward from the previous period14P€-15k€-9k▲
Transfer from equity791/2€2k-
Transfer to equity691/2-€2k
To other reserves6921-€2k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
30-09
Financial
Highest result since 2018net €11k ▲218%
Operating result €11k, net result €11k, both a record.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €395
Net result €395 after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-10k ▼516%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wichelen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heide 209260 WichelenGround area
1,450 m²
Building footprint
423 m²
Volume, LiDAR
1,900 m³
2 parcels, Flanders · tallest building 22.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VODA
since 20172.271.702.584
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42018A1329/00C000 | Flanders | 874 m² | 1 · 248 m² | 22.1 m · 1 fl. |
| 42026B1570/00V000 | Flanders | 576 m² | 1 · 175 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 siteWichelen2.271.702.584
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,884 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2017
Fiscal year end30-09
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
77399Renting and leasing of other machinery, equipment and tangible goods
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
68110Buying and selling of own real estate
82100Office administrative and support services
82110Office administrative, office support and other business support activities
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.