VYBEX
ActiveSummary
The computed 12-month bankruptcy probability of VYBEX is 3.1% (moderate). The 2025 annual accounts show equity of €86,684 and a net result of €25,908. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 13617 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+74
Solvency59▲+12
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.0 in 2024; short-term debt: 64.2% and cash: 15% of total assets), and 65.6% of the assets are financed with debt.
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Signals
Six 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 · 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
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
34.4%
Return on assets
10.3%
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 16-08-2026, 16 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
16 d late
2024
1 d early
2023
7 d early
2022
31 d late
2021
61 d late
2020
19 d late
2019
59 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 16 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25,908
2024 · -€24,289
Working capital
€35,023▲ 39,203%
2024 · €89
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
Operating result€82,671▲ 380%-€8,650€21,035-€18,846€36,024
Net result€65,997above the sector's middle half▲ 374%-€10,052below the sector's middle half€14,016within the sector's middle half-€24,289below the sector's middle half€25,908above the sector's middle half
Equity€81,101within the sector's middle half▲ 437%€71,049within the sector's middle half▼ 12.4%€85,065above the sector's middle half▲ 19.7%€60,776within the sector's middle half▼ 28.6%€86,684within the sector's middle half▲ 42.6%
Total assets€218,802within the sector's middle half▲ 64.8%€193,974within the sector's middle half▼ 11.3%€191,117within the sector's middle half▼ 1.5%€272,809above the sector's middle half▲ 42.7%€252,274above the sector's middle half▼ 7.5%
Debt€137,701▲ 17.0%€122,925▼ 10.7%€106,051▼ 13.7%€212,034▲ 99.9%€165,590▼ 21.9%
Working capital€81,101within the sector's middle half▲ 440%€69,710above the sector's middle half▼ 14.0%€82,441above the sector's middle half▲ 18.3%€89within the sector's middle half▼ 99.9%€35,023within the sector's middle half▲ 39,203%
Solvency37.1%within the sector's middle half▲ 25.7pp36.6%within the sector's middle half▼ 0.4pp44.5%within the sector's middle half▲ 7.9pp22.3%within the sector's middle half▼ 22.2pp34.4%within the sector's middle half▲ 12.1pp
Current ratio1.59within the sector's middle half▲ 0.461.57within the sector's middle half▼ 0.021.78within the sector's middle half▲ 0.211.00within the sector's middle half▼ 0.781.22within the sector's middle half▲ 0.22
Return on assets (ROA)30.2%above the sector's middle half▲ 19.7pp-5.2%within the sector's middle half▼ 35.3pp7.3%within the sector's middle half▲ 12.5pp-8.9%below the sector's middle half▼ 16.2pp10.3%within the sector's middle half▲ 19.2pp
Staff (FTE)0.5
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36,024 after a loss of €18,846 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252,274
Fixed assets
€55,235 ▼ 26.0%
Current assets
€197,039 ▼ 0.6%
Equity and liabilities €252,274
Equity
€86,684 ▲ 42.6%
Debt
€165,590 ▼ 21.9%
Debt's share of the balance-sheet total falls from 77.7% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,443▲
2024 · -€9,293
Cash flow
€42,327▲
2024 · -€14,736
Quick ratio
1.03▲
2024 · 0.77
Debt to equity
1.91▼
2024 · 3.49
ROE
29.9%▲
2024 · -40.0%
Interest coverage
6.19▲
2024 · -1.71
Debt ≤ 1 year
€162,016▼
2024 · €198,042
Debt > 1 year
€3,574▼
2024 · €13,991
Income taxes
€2,309▲
2024 · -€5
Staff costs
€21,318▼
2024 · €31,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% 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
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €12,182 | - | €10,547 | €31,507 | €21,318 | ▼ 32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €184 | €875 | €9,553 | €16,419 | ▲ 71.9% |
| Other operating charges640/8 | €862 | €937 | €25,084 | €3,776 | €969 | ▼ 74.3% |
| Gross operating margin9900 | €95,714 | -€7,530 | €57,540 | €25,990 | €74,730 | ▲ 188% |
| Operating profit (loss)9901 | €82,671 | -€8,650 | €21,035 | -€18,846 | €36,024 | ▲ 291% |
| Financial income75/76B | €31 | €1 | - | - | €666 | - |
| Recurring financial income75 | €31 | €1 | - | - | €666 | - |
| Financial charges65/66B | €10,555 | €1,422 | €4,419 | €5,448 | €8,474 | ▲ 55.5% |
| Recurring financial charges65 | €10,555 | €1,422 | €4,419 | €5,448 | €8,474 | ▲ 55.5% |
| Profit (loss) for the period before taxes9903 | €72,147 | -€10,071 | €16,616 | -€24,294 | €28,217 | ▲ 216% |
| Income taxes67/77 | €6,150 | -€19 | €2,600 | -€5 | €2,309 | ▲ 46,180% |
| Profit (loss) for the period9904 | €65,997 | -€10,052 | €14,016 | -€24,289 | €25,908 | ▲ 207% |
| Profit (loss) for the period to be appropriated9905 | €65,997 | -€10,052 | €14,016 | -€24,289 | €25,908 | ▲ 207% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218,802 | €193,974 | €191,117 | €272,809 | €252,274 | ▼ 7.5% |
| Fixed assets21/28 | - | €1,340 | €2,625 | €74,678 | €55,235 | ▼ 26.0% |
| Tangible fixed assets22/27 | - | €1,340 | €1,625 | €62,578 | €46,160 | ▼ 26.2% |
| Land and buildings22 | - | - | €793 | €406 | €19 | ▼ 95.3% |
| Furniture and vehicles24 | - | €1,340 | €832 | €28,764 | €20,408 | ▼ 29.0% |
| Other tangible fixed assets26 | - | - | - | €33,408 | €25,732 | ▼ 23.0% |
| Financial fixed assets28 | - | - | €1,000 | €12,100 | €9,075 | ▼ 25.0% |
| Current assets29/58 | €218,802 | €192,634 | €188,492 | €198,131 | €197,039 | ▼ 0.6% |
| Stocks and contracts in progress3 | - | €11,710 | €17,480 | €45,000 | €30,950 | ▼ 31.2% |
| Stocks30/36 | - | €11,710 | €17,480 | €45,000 | €30,950 | ▼ 31.2% |
| Amounts receivable within one year40/41 | €156,093 | €163,708 | €122,627 | €95,673 | €118,948 | ▲ 24.3% |
| Trade receivables40 | €3,025 | €5,730 | €3,803 | - | €1,469 | - |
| Other amounts receivable41 | €153,068 | €157,978 | €118,824 | €95,673 | €117,479 | ▲ 22.8% |
| Cash at bank and in hand54/58 | €28,729 | €16,284 | €27,548 | €55,984 | €37,740 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €33,981 | €933 | €20,837 | €1,474 | €9,402 | ▲ 538% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218,802 | €193,974 | €191,117 | €272,809 | €252,274 | ▼ 7.5% |
| Equity10/15 | €81,101 | €71,049 | €85,065 | €60,776 | €86,684 | ▲ 42.6% |
| Contributions10/11 | €45,000 | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Reserves13 | €21,449 | €21,449 | €21,449 | €21,449 | €21,449 | = |
| Non-distributable reserves130/1 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Reserves not available under the articles1311 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Distributable reserves133 | €16,949 | €16,949 | €16,949 | €16,949 | €16,949 | = |
| Profit (loss) carried forward14 | €14,652 | €4,601 | €18,616 | -€5,673 | €20,235 | ▲ 457% |
| Amounts payable17/49 | €137,701 | €122,925 | €106,051 | €212,034 | €165,590 | ▼ 21.9% |
| Amounts payable after more than one year17 | - | - | - | €13,991 | €3,574 | ▼ 74.5% |
| Financial debts170/4 | - | - | - | €13,991 | €3,574 | ▼ 74.5% |
| Amounts payable within one year42/48 | €137,701 | €122,925 | €106,051 | €198,042 | €162,016 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,977 | €10,418 | ▲ 4.4% |
| Financial debts43 | - | €2,669 | €198 | €1,386 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €0 | - |
| Other loans439 | - | €2,669 | €198 | €1,386 | - | - |
| Trade debts44 | €34,309 | €14,545 | €16,557 | €90,465 | €58,851 | ▼ 34.9% |
| Suppliers440/4 | €34,309 | €14,545 | €16,557 | €90,465 | €58,851 | ▼ 34.9% |
| Taxes, remuneration and social security45 | €6,150 | €17,474 | €5,935 | €16,213 | €12,747 | ▼ 21.4% |
| Taxes450/3 | €6,150 | €17,474 | €2,600 | €11,619 | €10,589 | ▼ 8.9% |
| Remuneration and social security454/9 | - | - | €3,335 | €4,595 | €2,158 | ▼ 53.0% |
| Other amounts payable47/48 | €97,242 | €88,236 | €83,362 | €80,000 | €80,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,997 | -€10,052 | €14,016 | -€24,289 | €25,908 | ▲ 207% |
| + Depreciation and write-downs630 | - | €184 | €875 | €9,553 | €16,419 | ▲ 71.9% |
| Operating cash flow (approximation) | €65,997 | -€9,868 | €14,891 | -€14,736 | €42,327 | ▲ 387% |
| Investment in fixed assets (approximation) | - | - | -€2,160 | -€81,607 | €3,025 | ▲ 104% |
| Change in cash | - | -€12,445 | €11,264 | €28,436 | -€18,244 | ▼ 164% |
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
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- General meeting, 19-08-2026
- Registered-office move, 1000 Bruxelles, 111-117-119-121 Rue Neuve
- Power of attorney, Sara Ayi
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
31-12
Financial
Back to profitnet €25,908
Net result €25,908 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,016
Net result €14,016 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €65,997 ▲374%
Operating result €82,671, net result €65,997, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €13,913
Net result €13,913 after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€65,258
Net result drops to -€65,258, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2022
Ground area
1.8 ha
Building footprint
1.7 ha
Volume, LiDAR
373,995 m³
2 parcels, Brussels · tallest building 41.5 m, ±8 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
2 establishment units
Nieuwstraat 111, 1000 Brussel
since 20222.334.828.206
Gulden-Vlieslaan 17A-20, 1050 Elsene
since 20252.375.574.243
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0581/00F000 | Brussels | 1.2 ha | 1 · 1.2 ha | 30.0 m · 8 fl. |
| 21009A0403/00C002 | Brussels | 5,711 m² | 1 · 5,711 m² | 41.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 7,973 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
Founded17-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47722Retail trade
56112Limited-service restaurants, excluding mobile food services
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821521506
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.