VS 50
ActiveThe computed 12-month bankruptcy probability of VS 50 is 2.0% (moderate). The 2025 annual accounts show equity of €89k and a net result of €36k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 45% of 18173 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-17
Solvency53▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.56 in 2024; short-term debt: 44.2% and cash: 25.8% of total assets), and 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
28.3%
Return on assets
11.4%
Age of the figures
9 mo
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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
27 d early
2023
99 d early
2022
17 d late
2021
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▼ 4.2%
2024 · €93k
2021: €106k
2022: €78k
2023: €80k
2024: €93k
2021 → 2025
Total assets
€315k▲ 21.3%
2024 · €260k
2021: €320k
2022: €278k
2023: €183k
2024: €260k
2021 → 2025
Net result
€36k▼ 57.7%
2024 · €85k
2021: €86k
2022: €-28k
2023: €2k
2024: €85k
2021 → 2025
Working capital
€69k▼ 14.6%
2024 · €81k
2021: €41k
2022: €41k
2023: €51k
2024: €81k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€78k▼ 26.5%€80k▲ 2.1%€93k▲ 16.7%€89k▼ 4.2%
Operating result€94k-€-20k€6k€113k▲ 1,832%€50k▼ 55.7%
Net result€86k-€-28k€2k€85k▲ 5,162%€36k▼ 57.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315k
Fixed assets
€107k▲ 209%
Current assets
€209k▼ 7.5%
Equity and liabilities €315k
Equity
€89k▼ 4.2%
Debt
€226k▲ 35.6%
The debt ratio rises from 64.1% to 71.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76k▼
2024 · €143k
Cash flow
€62k▼
2024 · €115k
Solvency
28.3%▼
2024 · 35.9%
Current ratio
1.50▼
2024 · 1.56
Quick ratio
0.96▼
2024 · 1.09
Debt / equity
2.53▲
2024 · 1.79
ROE
40.4%▼
2024 · 91.5%
ROA
11.4%▼
2024 · 32.8%
Interest coverage
13.72▼
2024 · 80.48
Debt
€226k▲
2024 · €167k
Debt ≤ 1 year
€139k▼
2024 · €144k
Debt > 1 year
€80k▲
2024 · €18k
Income taxes
€11k▼
2024 · €26k
Staff costs
€282k▲
2024 · €260k
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€260k€315k▲
Fixed assets21/28€35k€107k▲
Tangible fixed assets22/27€27k€90k▲
Plant, machinery and equipment23€12k€85k▲
Furniture and vehicles24€9k€5k▼
Other tangible fixed assets26€6k€222▼
Financial fixed assets28€8k€17k▲
Current assets29/58€225k€209k▼
Stocks and contracts in progress3€68k€75k▲
Stocks30/36€68k€75k▲
Amounts receivable within one year40/41€23k€41k▲
Trade receivables40€16k€15k▼
Other amounts receivable41€8k€26k▲
Cash at bank and in hand54/58€132k€81k▼
Deferred charges and accrued income490/1€2k€11k▲
Equity and liabilities
Total equity and liabilities10/49€260k€315k▲
Equity10/15€93k€89k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€73k€69k▼
Amounts payable17/49€167k€226k▲
Amounts payable after more than one year17€18k€80k▲
Financial debts170/4€18k€80k▲
Amounts payable within one year42/48€144k€139k▼
Current portion of amounts payable after more than one year42€10k€22k▲
Trade debts44€23k€64k▲
Suppliers440/4€23k€64k▲
Taxes, remuneration and social security45€39k€53k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€33k€48k▲
Other amounts payable47/48€72k€138▼
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€260k€282k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€722▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€411k€363k▼
Operating profit (loss)9901€113k€50k▼
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€111k€47k▼
Income taxes67/77€26k€11k▼
Profit (loss) for the period9904€85k€36k▼
Profit (loss) for the period to be appropriated9905€85k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€145k€109k▼
Profit (loss) brought forward from the previous period14P€60k€73k▲
Profit to be distributed694/7€72k€40k▼
Return on contributions (dividend)694€72k€40k▼
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €-28k ▼133%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-10-2022
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2020
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.
Volkstraat 502000 AntwerpenGround area
288 m²
Building footprint
267 m²
Volume, LiDAR
3,506 m³
2 parcels, Flanders · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Tannin
since 20202.297.851.113
Volkstraat 45, 2000 Antwerpen
since 20252.378.181.563
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3621/00B002 | Flanders | 167 m² | 1 · 167 m² | 19.5 m · 3 fl. |
| 11811L3630/00S002 | Flanders | 120 m² | 1 · 100 m² | 18.3 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 573 EUR awarded · 573 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 399 EUR | 399 EUR |
| 2022 | 1 | 174 EUR | 174 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.297.851.113
Antwerpen2.378.181.563
Similar companies · same sector, comparable size
B&CO
BE 0463.691.672
Kortrijk · Eq €89k
KOC
BE 0867.349.947
Brussel · Eq €91k
The Lodge Wines
BE 0541.831.211
Aarschot · Eq €91k
VINOPIA
BE 0536.902.918
Schoten · Eq €94k
Feyen.Ai
BE 0798.332.071
Genk · Eq €84k
Of 2,333 companies in sector 47251 we hold annual accounts for 422. 313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2020
Fiscal year end31-12
Activities, NACEBEL
47251Retail sale of wines and spirits
56301Cafés and bars
46341Wholesale of wines and spirits
47120Other non-specialised retail sale
47910Retail trade
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.