VRODES
ActiveSummary
The computed 12-month bankruptcy probability of VRODES is 2.4% (moderate). The 2024 annual accounts show negative equity (-€271,631) and a net result of €27,576. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 18932 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+29
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.16 in 2023; short-term debt: 396.6% and cash: 17.6% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : 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 →
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 2024Solvency, return and age of the figures
Solvency
-296.6%
Return on assets
30.1%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 18932 sector peers (2024).
NBB · sector comparisonPosition among 18932 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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
not confirmed
2024
82 d late
2023
121 d late
2022
120 d late
2021
124 d late
2020
86 d late
2019
131 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 111 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€271,631▲ 9.2%
2023 · -€299,208
Total assets
€91,577▲ 21.3%
2023 · €75,489
Net result
€27,576▲ 1,746%
2023 · €1,494
Working capital
-€283,719▲ 10.2%
2023 · -€316,113
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,664-€9,032-€11,619▼ 28.6%€3,309€31,130▲ 841%
Net result€3,249-€10,713-€23,614▼ 120%€1,494€27,576▲ 1,746%
Equity-€266,374▲ 1.2%-€277,087▼ 4.0%-€300,701▼ 8.5%-€299,208▲ 0.5%-€271,631▲ 9.2%
Total assets€160,296▼ 0.6%€83,843▼ 47.7%€75,681▼ 9.7%€75,489▼ 0.3%€91,577▲ 21.3%
Debt€426,670▼ 1.0%€360,931▼ 15.4%€376,382▲ 4.3%€374,697▼ 0.4%€363,209▼ 3.1%
Working capital-€281,141▼ 3.0%-€303,628▼ 8.0%-€322,424▼ 6.2%-€316,113▲ 2.0%-€283,719▲ 10.2%
Staff (FTE)1.5▲ 50.0%2.2▲ 46.7%2.1▼ 4.5%1.6▼ 23.8%1▼ 37.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 841% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91,577
Fixed assets
€12,088 ▼ 28.5%
Current assets
€79,489 ▲ 35.7%
Key figures and ratios
EBITDA
€35,948▲
2023 · €8,126
Cash flow
€32,394▲
2023 · €6,311
Solvency
-296.6%▲
2023 · -396.4%
Current ratio
0.22▲
2023 · 0.16
Quick ratio
0.13▲
2023 · 0.05
Debt to equity
-1.34▼
2023 · -1.25
ROA
30.1%▲
2023 · 2.0%
Interest coverage
10.45▲
2023 · 8.57
Debt ≤ 1 year
€363,209▼
2023 · €374,697
Income taxes
€128▼
2023 · €885
Staff costs
€46,675▼
2023 · €65,574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 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
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 3,639 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €24,554 | €60,637 | €65,574 | €46,675 | ▼ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,579 | €4,937 | €4,818 | €4,818 | €4,818 | = |
| Other operating charges640/8 | - | €2,191 | €5,845 | €3,557 | €6,083 | ▲ 71.0% |
| Non-recurring operating charges66A | - | €57,627 | - | - | - | - |
| Gross operating margin9900 | €42,273 | €80,277 | €59,680 | €77,257 | €88,706 | ▲ 14.8% |
| Operating profit (loss)9901 | €6,664 | -€9,032 | -€11,619 | €3,309 | €31,130 | ▲ 841% |
| Financial income75/76B | - | €0 | €1 | €19 | €14 | ▼ 25.4% |
| Recurring financial income75 | €91 | €0 | €1 | €19 | €14 | ▼ 25.4% |
| Financial charges65/66B | - | €1,535 | €3,498 | €948 | €3,440 | ▲ 263% |
| Recurring financial charges65 | €3,360 | €1,535 | €3,498 | €948 | €3,440 | ▲ 263% |
| Profit (loss) for the period before taxes9903 | €3,395 | -€10,567 | -€15,116 | €2,379 | €27,704 | ▲ 1,065% |
| Income taxes67/77 | €145 | €146 | €8,498 | €885 | €128 | ▼ 85.5% |
| Profit (loss) for the period9904 | €3,249 | -€10,713 | -€23,614 | €1,494 | €27,576 | ▲ 1,746% |
| Profit (loss) for the period to be appropriated9905 | €3,249 | -€10,713 | -€23,614 | €1,494 | €27,576 | ▲ 1,746% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,296 | €83,843 | €75,681 | €75,489 | €91,577 | ▲ 21.3% |
| Fixed assets21/28 | €31,478 | €26,540 | €21,723 | €16,905 | €12,088 | ▼ 28.5% |
| Intangible fixed assets21 | €24,000 | €20,000 | €16,000 | €12,000 | €8,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €7,478 | €6,540 | €5,723 | €4,905 | €4,088 | ▼ 16.7% |
| Other tangible fixed assets26 | - | €6,540 | €5,723 | €4,905 | €4,088 | ▼ 16.7% |
| Current assets29/58 | €128,818 | €57,303 | €53,958 | €58,584 | €79,489 | ▲ 35.7% |
| Stocks and contracts in progress3 | €31,860 | €39,700 | €39,340 | €39,630 | €32,740 | ▼ 17.4% |
| Stocks30/36 | - | €39,700 | €39,340 | €39,630 | €32,740 | ▼ 17.4% |
| Amounts receivable within one year40/41 | €30,037 | €6,000 | €10,663 | €4,249 | €30,289 | ▲ 613% |
| Trade receivables40 | - | - | €4,663 | €3,331 | €7,664 | ▲ 130% |
| Other amounts receivable41 | - | €6,000 | €6,000 | €918 | €22,625 | ▲ 2,364% |
| Cash at bank and in hand54/58 | €9,295 | €11,603 | €3,955 | €14,705 | €16,140 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €320 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,296 | €83,843 | €75,681 | €75,489 | €91,577 | ▲ 21.3% |
| Equity10/15 | -€266,374 | -€277,087 | -€300,701 | -€299,208 | -€271,631 | ▲ 9.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€284,974 | -€295,687 | -€319,301 | -€317,808 | -€290,231 | ▲ 8.7% |
| Amounts payable17/49 | €426,670 | €360,931 | €376,382 | €374,697 | €363,209 | ▼ 3.1% |
| Amounts payable after more than one year17 | €16,711 | - | - | - | - | - |
| Amounts payable within one year42/48 | €409,960 | €360,931 | €376,382 | €374,697 | €363,209 | ▼ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €33,161 | €15,450 | €14,450 | €11,950 | ▼ 17.3% |
| Trade debts44 | €62,911 | €21,304 | €46,635 | €91,636 | €100,485 | ▲ 9.7% |
| Suppliers440/4 | - | €21,304 | €46,635 | €91,636 | €100,485 | ▲ 9.7% |
| Taxes, remuneration and social security45 | - | €11,546 | €31,097 | €33,000 | €32,261 | ▼ 2.2% |
| Taxes450/3 | - | €8,176 | €24,256 | €28,172 | €29,861 | ▲ 6.0% |
| Remuneration and social security454/9 | - | €3,370 | €6,841 | €4,828 | €2,400 | ▼ 50.3% |
| Other amounts payable47/48 | - | €294,919 | €283,200 | €235,610 | €218,513 | ▼ 7.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,249 | -€10,713 | -€23,614 | €1,494 | €27,576 | ▲ 1,746% |
| + Depreciation and write-downs630 | €5,579 | €4,937 | €4,818 | €4,818 | €4,818 | = |
| Operating cash flow (approximation) | €8,829 | -€5,776 | -€18,796 | €6,311 | €32,394 | ▲ 413% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,308 | -€7,647 | €10,750 | €1,436 | ▼ 86.6% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Highest result since 2018net €27,576 ▲1,746%
Operating result €31,130, net result €27,576, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial
Back to profitnet €1,494
Net result €1,494 after 2 loss-making years.
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 124 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Back to profitnet €3,249
Net result €3,249 after 2 loss-making years.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 131 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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.
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, Kortrijk · 1 establishment unit since 2012
Ground area
5.3 ha
Building footprint
2,087 m²
Volume, LiDAR
12,304 m³
Parcel 34022E0660/00Y002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Engelse Wandeling(Kor) 2, 8500 Kortrijk
since 20122.204.889.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0660/00Y002 ProtectedMonumentDakpannenfabriek De Pottelberg: stoommachines, stoomketelfronten, pannenpers en deel kleispoorlijnSource ↗ |
Flanders | 5.3 ha | 1 · 2,087 m² | 8.4 m · 2 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector and region
't FONTEINTJE
BE 0740.975.674
Kortrijk
'T HEMELHOF
BE 0443.662.855
Kortrijk
AMBA
BE 0525.766.823
Kortrijk
ATHELA
BE 0746.782.808
Kortrijk
AU CASINO PABEDI
BE 0476.645.924
Kortrijk
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 20,506 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841525082
Also
9925:BE0841525082
Registered
11-06-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.