VVM
ActiveSummary
The computed 12-month bankruptcy probability of VVM is 6.9% (elevated). The 2025 annual accounts show equity of €3,500 and a net result of €500. Its solvency ranks better than 36% of 16,833 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €3,500
- Profit
- €500
Why 34raises riskFounded in 2024Sector: Food and beverage service activities (NACE 56)Last filed accounts filed 59 days late; 1 of the last 3 latelowers riskFigures for financial year 2025 (filed 28-09-2026)Show the evidence
Checked score
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 36% on solvency, 14% on liquidity and 51% on profitability.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Alaoui Mohamed (director)Director discharge
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527903.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.8% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.9% 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 497,475 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% | 0.9% |
| 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 74.5% 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 2,542 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,330 |
| Other operating charges640/8 | €901 |
| Gross operating margin9900 | €8,616 |
| Operating profit (loss)9901 | €1,386 |
| Financial income75/76B | €74 |
| Recurring financial income75 | €74 |
| Financial charges65/66B | €197 |
| Recurring financial charges65 | €197 |
| Profit (loss) for the period before taxes9903 | €1,262 |
| Income taxes67/77 | €762 |
| Profit (loss) for the period9904 | €500 |
| Profit (loss) for the period to be appropriated9905 | €500 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €25,651 | |
| Fixed assets21/28 | €22,884 | |
| Tangible fixed assets22/27 | €22,884 | |
| Furniture and vehicles24 | €22,884 | |
| Current assets29/58 | €2,766 | |
| Cash at bank and in hand54/58 | €2,766 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €25,651 | |
| Equity10/15 | €3,500 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €500 | |
| Amounts payable17/49 | €22,150 | |
| Amounts payable within one year42/48 | €22,150 | |
| Trade debts44 | €800 | |
| Suppliers440/4 | €800 | |
| Taxes, remuneration and social security45 | €2,638 | |
| Taxes450/3 | €2,638 | |
| Other amounts payable47/48 | €18,712 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €500 |
| + Depreciation and write-downs630 | €6,330 |
| Operating cash flow (approximation) | €6,830 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00527903 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Belkadi Brahim |
|
| Alaoui Mohamed |
|
| MUSTAFI Veton |
|
Owners and capital
Capital and shareholders
- MUSTAFI Veton sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-10-2024 Incorporation · €3,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-07
Gazette deed
Resignation: Alaoui Mohamed (director)Director discharge3 facts ▸
- General meeting, 30-06-2026
- Director resignation, Alaoui Mohamed (director)
- Director discharge, Alaoui Mohamed
02-06
Gazette deed
Registered officeRegistered-office move3 facts ▸
- Other provision, “Niet-statutaire wijzigingen, aard van de wijziging” (deed in Dutch)
- Board meeting, 05-05-2026
- Registered-office move, Grimbergsesteenweg 101, 1800 Vilvoorde
08-05
Gazette deed
Resignation: Mustafi Veton (director)Appointments: Alaoui Mohamed (director) and Belkadi Brahim (director) · Director discharge6 facts ▸
- General meeting, 03-04-2026
- Other provision, 03-04-2026 (3 times)
- Director resignation, Mustafi Veton (director)
- Director discharge, Mustafi Veton
- Director appointment, Alaoui Mohamed (director)
- Director appointment, Belkadi Brahim (director)
29-10
Gazette deed
IncorporationAppointment: MUSTAFI Veton (director) · Founder · Founding capital6 facts ▸
- Incorporation, 25-10-2024
- Founder, MUSTAFI Veton
- Founding capital, €3,000
- Registered office clause, “Hendrik I-lei, 176/01/2 - 1800 Vilvoorde” (deed in Dutch)
- Director appointment, MUSTAFI Veton (director (not named in the articles))
- Declaration, “Zij erkennen dat ondergetekende notaris hun aandacht heeft gevestigd op het feit dat de vennootschap, in uitvoering van haar voorwerp, kan verplicht zijn de nod…” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23645C0271/00T005 | Flanders | 61 m² | 1 · 53 m² | 8.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle activiteiten die direct of indirect verband houden met de catering in het algemeen en de horecasector, de organisatie van banketten en…” (deed in Dutch)
10 activities (deed in Dutch)
- Alle activiteiten die direct of indirect verband houden met de catering in het algemeen en de horecasector, de organisatie van banketten en recepties, de cateringdienst, waaronder de organisatie, het beheer en de exploitatie van restaurants, cafetaria's, drinkgelegenheden, evenals alle toerisme, hotel, entertainment en vrijetijdsactiviteiten; de exploitatie, onder eigen merknaam of door middel van franchise of licentie, van een snackbar, cafetaria, broodjeszaak, fastfood- of snackservice, een cateringdienst en/of een of meer restaurants, evenals thuisbezorging en straatverkoop ; de import en export van alle producten die betrekking hebben op de doelstellingen van het bedrijf.
- In het algemeen alle industriële, economische, financiële, effecten- of vastgoedverrichtingen uitvoeren die direct of indirect verband houden met haar maatschappelijk doel of die de verwezenlijking ervan, direct of indirect, geheel of gedeeltelijk, zouden kunnen vergemakkelijken.
- Een belang nemen door middel van inbreng, fusie, inschrijving of op enige andere wijze in elke onderneming, onderneming, vereniging of vennootschap, in België of in het buitenland, met een identiek, analoog of verwant doel als het zijne of die de de ontwikkeling van zijn activiteiten, om hem van grondstoffen te voorzien of om de verkoop van zijn producten te vergemakkelijken.
- Garant staan of echte zekerheid bieden aan bedrijven of particulieren, in de breedste zin van het woord.
- De functies van bewindvoerder of vereffenaar in andere vennootschappen uitoefenen
- Horeca
- Algemene verrichtingen
- Belangen
- Garanties
- Functies
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- VVM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Niet-statutaire bestuurders zijn herroepbaar ad nutum bij besluit van de algemene vergadering, zonder dat hun herroeping recht heeft op…” (deed in Dutch)“Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…” (deed in Dutch)“Wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden, het kan hen op elk ogenblik ontslaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)“In geval van overlijden van de enige aandeelhouder worden de aan de aandelen verbonden rechten uitgeoefend door de regelmatig in het bezit…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten zijn voor de helft ten laste van de overdrager en voor de andere helft ten laste van de koper(s), naar…” (deed in Dutch)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Gelijk recht in de winstverdeling en in het vereffeningsaldo, 100” (deed in Dutch)“15, e-mail of, voor de personen waarvan de vennootschap niet over een e-mailadres beschikt, per gewone post” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, beslissing van de algemene vergadering beslissende in de vormen vereist voor de statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, de bestuurder(s) in functie” (deed in Dutch)