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VOGE

Active
Private limited companyfounded 201411 yrs activeRue Ernest Laurent 163, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0506.949.615
Summary

The computed 12-month bankruptcy probability of VOGE is 1.6% (moderate). The 2025 annual accounts show equity of €107,601 and a net result of €15,012. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 13604 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability80▼-2
Solvency90▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.26 against 4.13 in 2024; short-term debt: 21.7% and cash: 0% of total assets), and 34.8% of the assets are financed with debt.
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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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
65.2%
Return on assets
9.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
56 d late
2023
55 d late
2022
81 d late
2021
61 d late
2018
10 d early
2017
14 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 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

VOGE was incorporated on 18 December 2014.1 Total assets rose from EUR 9,728 in 2018 to EUR 164,958 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
€101,778
EBIT margin
10.3%
Net result
€15,012▼ 18.3%
2024 · €18,382
Working capital
€116,511▲ 26.0%
2024 · €92,498
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€18,795-€45,115▲ 140%€39,171▼ 13.2%€25,668▼ 34.5%€18,440▼ 28.2%
Net result€18,911within the sector's middle half-€41,549above the sector's middle half▲ 120%€29,989above the sector's middle half▼ 27.8%€18,382within the sector's middle half▼ 38.7%€15,012within the sector's middle half▼ 18.3%
EBIT margin
Equity€2,669within the sector's middle half-€44,218within the sector's middle half▲ 1,557%€74,207within the sector's middle half▲ 67.8%€92,588above the sector's middle half▲ 24.8%€107,601above the sector's middle half▲ 16.2%
Total assets€27,594below the sector's middle half-€67,008within the sector's middle half▲ 143%€101,523within the sector's middle half▲ 51.5%€122,178within the sector's middle half▲ 20.3%€164,958within the sector's middle half▲ 35.0%
Debt€24,925-€22,790▼ 8.6%€27,316▲ 19.9%€29,590▲ 8.3%€57,358▲ 93.8%
Working capital-€967within the sector's middle half-€42,958above the sector's middle half€74,117above the sector's middle half▲ 72.5%€92,498above the sector's middle half▲ 24.8%€116,511above the sector's middle half▲ 26.0%
Solvency9.7%within the sector's middle half-66.0%above the sector's middle half▲ 56.3pp73.1%above the sector's middle half▲ 7.1pp75.8%above the sector's middle half▲ 2.7pp65.2%above the sector's middle half▼ 10.6pp
Current ratio0.96within the sector's middle half-2.88above the sector's middle half▲ 1.923.71above the sector's middle half▲ 0.834.13above the sector's middle half▲ 0.414.26above the sector's middle half▲ 0.14
Return on assets (ROA)68.5%above the sector's middle half-62.0%above the sector's middle half▼ 6.5pp29.5%above the sector's middle half▼ 32.5pp15.0%within the sector's middle half▼ 14.5pp9.1%within the sector's middle half▼ 5.9pp
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 per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2021: €18,795€18,795Net result 2021: €18,911€18,911Operating result 2022: €45,115€45,115Net result 2022: €41,549€41,549Operating result 2023: €39,171€39,171Net result 2023: €29,989€29,989Operating result 2024: €25,668€25,668Net result 2024: €18,382€18,382Operating result 2025: €18,440€18,440Net result 2025: €15,012€15,01220212022202320242025€0€10,000€20,000€30,000€40,000Operating result 2023: €39,171€39,200Net result 2023: €29,989€30,000Operating result 2024: €25,668€25,700Net result 2024: €18,382€18,400Operating result 2025: €18,440€18,400Net result 2025: €15,012€15,000202320242025
The operating result has fallen three years in a row; 2025 is 28% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,958
Fixed assets €12,727 ▲ 14,041%
Current assets €152,231 ▲ 24.7%
Equity and liabilities €164,958
Equity €107,601 ▲ 16.2%
Debt €57,358 ▲ 93.8%
Debt's share of the balance-sheet total rises from 24.2% to 34.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€21,505▼
2024 · €25,668
Cash flow
€18,078▼
2024 · €18,382
Debt to equity
0.53▲
2024 · 0.32
ROE
14.0%▼
2024 · 19.9%
Interest coverage
6.13▲
2024 · 5.36
Debt ≤ 1 year
€35,720▲
2024 · €29,590
Debt > 1 year
€21,638
Income taxes
€6,339▼
2024 · €7,610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€122,178€164,958▲
Fixed assets21/28€90€12,727▲
Tangible fixed assets22/27€0€12,637▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€12,637▲
Financial fixed assets28€90€90=
Current assets29/58€122,088€152,231▲
Amounts receivable within one year40/41€122,068€152,211▲
Trade receivables40€13,645€23,658▲
Other amounts receivable41€108,423€128,553▲
Cash at bank and in hand54/58€20€20=
Equity and liabilities
Total equity and liabilities10/49€122,178€164,958▲
Equity10/15€92,588€107,601▲
Contributions10/11€18,600€18,600=
Reserves13€18,380€33,380▲
Distributable reserves133€18,380€33,380▲
Profit (loss) carried forward14€55,608€55,621=
Amounts payable17/49€29,590€57,358▲
Amounts payable after more than one year17-€21,638
Financial debts170/4-€21,638
Amounts payable within one year42/48€29,590€35,720▲
Current portion of amounts payable after more than one year42€0€9,098▲
Financial debts43€4,895€7,999▲
Credit institutions430/8€4,895€7,999▲
Trade debts44€4,017€240▼
Suppliers440/4€4,017€240▼
Taxes, remuneration and social security45€20,677€18,382▼
Taxes450/3€20,677€18,382▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0€3,065▲
Other operating charges640/8€994€734▼
Gross operating margin9900€26,663€22,239▼
Operating profit (loss)9901€25,668€18,440▼
Financial income75/76B€5,113€6,421▲
Recurring financial income75€5,113€6,421▲
Financial charges65/66B€4,790€3,510▼
Recurring financial charges65€4,790€3,510▼
Profit (loss) for the period before taxes9903€25,992€21,351▼
Income taxes67/77€7,610€6,339▼
Profit (loss) for the period9904€18,382€15,012▼
Profit (loss) for the period to be appropriated9905€18,382€15,012▼
Appropriation of the result
Profit (loss) to be appropriated9906€73,988€70,621▼
Profit (loss) brought forward from the previous period14P€55,607€55,608=
Transfer to equity691/2€18,380€15,000▼
To other reserves6921€18,380€15,000▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,376€2,376€1,170€0€3,065-
Other operating charges640/8-€485€659€994€734▼ 26.2%
Gross operating margin9900€21,171€47,976€41,001€26,663€22,239▼ 16.6%
Operating profit (loss)9901€18,795€45,115€39,171€25,668€18,440▼ 28.2%
Financial income75/76B€774€2,074€2,761€5,113€6,421▲ 25.6%
Recurring financial income75€774€2,074€2,761€5,113€6,421▲ 25.6%
Financial charges65/66B€658€907€736€4,790€3,510▼ 26.7%
Recurring financial charges65€658€907€736€4,790€3,510▼ 26.7%
Profit (loss) for the period before taxes9903€18,911€46,282€41,197€25,992€21,351▼ 17.9%
Income taxes67/77-€4,733€11,208€7,610€6,339▼ 16.7%
Profit (loss) for the period9904€18,911€41,549€29,989€18,382€15,012▼ 18.3%
Profit (loss) for the period to be appropriated9905€18,911€41,549€29,989€18,382€15,012▼ 18.3%
Line20212022202320242025Change
Assets
Total assets20/58€27,594€67,008€101,523€122,178€164,958▲ 35.0%
Fixed assets21/28€3,636€1,260€90€90€12,727▲ 14,041%
Tangible fixed assets22/27€3,546€1,170€0€0€12,637-
Plant, machinery and equipment23€1,206€0€0€0€0-
Furniture and vehicles24€2,340€1,170€0€0€12,637-
Financial fixed assets28€90€90€90€90€90=
Current assets29/58€23,958€65,748€101,433€122,088€152,231▲ 24.7%
Amounts receivable within one year40/41€23,938€65,727€101,412€122,068€152,211▲ 24.7%
Trade receivables40€693€21,564€39,932€13,645€23,658▲ 73.4%
Other amounts receivable41€23,245€44,164€61,480€108,423€128,553▲ 18.6%
Cash at bank and in hand54/58€20€20€20€20€20=
Equity and liabilities
Total equity and liabilities10/49€27,594€67,008€101,523€122,178€164,958▲ 35.0%
Equity10/15€2,669€44,218€74,207€92,588€107,601▲ 16.2%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13---€18,380€33,380▲ 81.6%
Distributable reserves133---€18,380€33,380▲ 81.6%
Profit (loss) carried forward14-€15,931€25,618€55,607€55,608€55,621=
Amounts payable17/49€24,925€22,790€27,316€29,590€57,358▲ 93.8%
Amounts payable after more than one year17----€21,638-
Financial debts170/4----€21,638-
Amounts payable within one year42/48€24,925€22,790€27,316€29,590€35,720▲ 20.7%
Current portion of amounts payable after more than one year42€11,332€8,932€6,532€0€9,098-
Financial debts43€4,706€3,579€4,932€4,895€7,999▲ 63.4%
Credit institutions430/8€4,706€3,579€4,932€4,895€7,999▲ 63.4%
Trade debts44€4,429€2,486-€4,017€240▼ 94.0%
Suppliers440/4€4,429€2,486-€4,017€240▼ 94.0%
Taxes, remuneration and social security45€4,458€7,793€15,852€20,677€18,382▼ 11.1%
Taxes450/3€4,458€7,793€15,852€20,677€18,382▼ 11.1%
Line20212022202320242025Change
Profit (loss) for the period9904€18,911€41,549€29,989€18,382€15,012▼ 18.3%
+ Depreciation and write-downs630€2,376€2,376€1,170€0€3,065-
Operating cash flow (approximation)€21,287€43,924€31,159€18,382€18,078▼ 1.7%
Investment in fixed assets (approximation)-€0€0€0-€15,702-
Change in cash-€0€0€0€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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Equity above €100,000Eq €107,601 ▲16.2%
6 profitable years in a row build equity to €107,601.
25-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
24-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
20-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial Highest result since 2018net €41,549 ▲120%
Operating result €45,115, net result €41,549, both a record.
31-12
Financial Liquidity triplescurrent ratio 2.88
Current ratio from 0.96 to 2.88; short-term debt falls from €24,925 to €22,790.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2019
21-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
03-07
NBB filing Annual accounts filed
fiscal year 2015 · full 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Braine-l'Alleud · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
511 m²
Building footprint
59 m²
Parcel 25742A0730/00V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
VOGE
Rue Ernest Laurent 163, 1420 Braine-l'AlleudRetail trade
since 20152.239.415.739
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25742A0730/00V000 Wallonia 511 m² 1 · 59 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Braine-l'Alleud2.239.415.739
1 permission
Toelating · Ambulante eetgelegenheid · since 21-06-2019

Similar companies · same sector, comparable size

Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,488 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.