Equity
-€308,056
Debts exceed assets in financial year 2024.
VVO
Lifetime
13 annual accounts with figures on one time axispeak €530,838 (2021)
€218,047▼ 29.7%
lowest -€192,553 (2022)
-€122,015▲ €16,605
peak €209,658 (2020)
-€308,056▼ €122,015
€587,972▲ 8.9%
peak 13.4 FTE (2020)
7.4 FTE▼ 1.3%
Board3 names since 2018
1 directorFOX HOLDINGS
Owners2 names in the annual accounts
100%FOX HOLDINGS and 1 other
Documentsfilings and deeds
06-11-202598 days late
2024abbreviated format
Gross margin from €310,184 to €218,047Loss of €122,015Equity from -€186,041 to -€308,056
Key points
from the 2024 annual accountsLosses
-€517,714 in four years
Every financial year from 2021 to 2024 closed with a loss. 2022 was the heaviest.
Debts
€587,972 204% of the balance sheet
Suppliers 91%Taxes and wages 8%
Of this, €585,150 falls due within a year.
Staff
7.4 FTE from 13.4 in 2020
Between 2020 and 2024, 45% of the full-time equivalents disappeared.
Filings
13 annual accounts 14 filings, 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-106.8%
Lower solvency than 95% of companies in retail trade. Sector median 38.3% · 9,538 companies.
Checked score
47
Fair
Financially stronger than 18% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 9.0%
01-2025: 11.2%▲ +2.2 percentage points vs 12-2024highest value
02-2025: 11.2%● unchanged vs 01-2025highest value
03-2025: 7.5%▼ -3.7 percentage points vs 02-2025
04-2025: 7.5%● unchanged vs 03-2025
05-2025: 7.4%▼ -0.1 percentage points vs 04-2025
06-2025: 7.1%▼ -0.3 percentage points vs 05-2025
07-2025: 6.7%▼ -0.4 percentage points vs 06-2025
08-2025: 6.4%▼ -0.3 percentage points vs 07-2025
09-2025: 6.2%▼ -0.2 percentage points vs 08-2025
10-2025: 5.4%▼ -0.8 percentage points vs 09-2025
11-2025: 5.0%▼ -0.4 percentage points vs 10-2025
12-2025: 5.3%▲ +0.3 percentage points vs 11-2025
01-2026: 5.3%● unchanged vs 12-2025
02-2026: 5.3%● unchanged vs 01-2026
03-2026: 5.2%▼ -0.1 percentage points vs 02-2026
04-2026: 5.2%● unchanged vs 03-2026
05-2026: 5.2%● unchanged vs 04-2026
06-2026: 4.9%▼ -0.3 percentage points vs 05-2026
07-2026: 4.9%● unchanged vs 06-2026
08-2026: 4.7%▼ -0.2 percentage points vs 07-2026
09-2026: 4.6%▼ -0.1 percentage points vs 08-2026
10-2026: 3.9%▼ -0.7 percentage points vs 09-2026lowest value
11-2026: 3.9%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €122,015, the second in a row (financial year 2024)
1 financial year not filed after the legal deadline; last filed accounts filed 98 days late; 3 of the last 3 accounts late
lowers risk
Founded in 2011
Liquidity: current ratio 0.41, cash €139,028
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 6% of them on solvency, 52% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,907 companies had the same profile as VVO has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VVO itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for VVO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.41 (0.55 in 2023), below 1. Short-term debt is 202.9% and cash 48.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
19202021222324
2019 to 2024 · latest year -€308,056
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 98 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
98 days late
2023
191 days late
2022
344 days late
2021
316 days late
2020
87 days late
2020
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 172 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- FOX HOLDINGS 100%score 36equity -€1.6m (2024) · 2024 annual accounts of FOX HOLDINGS
- ZEEVISHANDEL MERCUUR IJMUIDEN BV consolidatesannual accounts 2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834382023
1 statutory auditor reappointed
RSM InterAudit BV (statutory auditor) · Permanent representatives: Inge Saeys, Jonas Uytterhaegen and Rosemarie van Duijn · General meeting of 03-10-2024 · Gazette deed
1 statutory auditor appointed
RSM InterAudit CV (statutory auditor) · Permanent representatives: Inge Saeys and Rosemarie Van Duijn · General meeting of 04-06-2021 · Gazette deed
Amendment of the articles · Legal-form change
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 04-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VVO Merelbeke-Melle | €288,364 | €218,047 | -106.8% | 7.4 |
| DE VIS Ghent | €458,409 | €391,772 | 8.1% | 6.8 |
| EXO7 Malmedy | €478,961 | €394,087 | 7.4% | 6.7 |
| A.C.O. Ostend | €433,168 | €285,678 | 22.9% | 7.3 |
| DEN GOUDEN KARPEL Bruges | €390,840 | €346,906 | 32.0% | 6.3 |
| COMPTOIR DES MERS Liège | €570,266 | €187,550 | 49.3% | 5 |
| POISSONNERIE L'OCEANE Wanze | €655,839 | €311,624 | 29.2% | 6.7 |
These companies have the same main activity as VVO: retail trade (NACE 47230). They are comparable in size and age: total assets between €391,000 and €656,000, founded between 1997 and 2014.
Official details
Source: KBO- Status
- Active since 07-03-2011Normal situation
- Activity
- Retail tradeNACE 47230
- Joint committees
- 201Independent retail
- 119Food trade · annual accounts 2024
- Establishment unit
- 2.215.488.0179820 Merelbeke-Melle, since 01-02-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 17-02-2026
Annual accounts 2024
- ≈ €1.1mestimated
- €288,364▼ 18.5%
- Employeeson 31-12-2024
- 17▲ 113%
- Filing
- Filed on 06-11-2025
Insights on VVO
VVO files the abbreviated format. That format states no turnover. The gross margin fell from €300,101 in 2012 to €218,047 in 2024.
The balance sheet grew most from 2013 to 2014 through fixed assets.
FOX HOLDINGS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VVO
- What is the company number of VVO?
- The company number of VVO is 0834.382.023. The VAT number is the same number with BE in front: BE 0834.382.023.
- Where is VVO based?
- The registered office is at Hundelgemsesteenweg 63, 9820 Merelbeke-Melle.Company details
- What does VVO do?
- According to the KBO register, the main activity is retail trade (NACE 47230).
- What is the legal form of VVO?
- VVO is a private limited company (BV).
- When was VVO founded?
- VVO was founded on 07-03-2011.
- Is VVO still active?
- Yes, VVO is an active enterprise in the KBO register.
- How many employees does VVO have?
- VVO had an average of 7.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does VVO fall under?
- In its 2024 annual accounts, VVO states joint committees 201 (Independent retail) and 119 (Food trade).
- What is the turnover of VVO?
- The turnover in financial year 2024 is ≈ €1.1m. This figure is estimated from the gross margin of €218,047 and 30 comparable companies (NACE 472). It probably lies between €590,000 and €1.7m.
- Is VVO profitable?
- In financial year 2024, VVO made a loss of €122,015.
- Where can I find the annual accounts of VVO?
- VVO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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