VYDEBO

Active

Public limited companyfounded 199530 yrs activeNieuwewandeling 2b, 9000 Gent, BelgiumKBO/BCE: BE 0456.422.711

VYDEBO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.88M and a net result of €46k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 18942 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2024

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability71▲+28

Solvency100▲+10

Growth52=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity ample (current ratio 5.05 against 2.44 in 2023; short-term debt: 14.2% and cash: 26.7% of total assets), and 14.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

85.3%

Return on assets

2.1%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 filings

Deviation from the deadline

2025

not confirmed

2024

76 d late

2023

441 d late

2022

325 d late

2021

78 d late

2020

438 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€1.88M▲ 2.5%

2023 · €1.84M

2018: €1.28M 2019: €1.51M 2020: €1.66M 2021: €1.72M 2022: €1.78M 2023: €1.84M

2018 → 2024

Total assets

€2.21M▼ 21.6%

2023 · €2.82M

2018: €2.95M 2019: €2.83M 2020: €2.69M 2021: €2.65M 2022: €2.56M 2023: €2.82M

2018 → 2024

Net result

€46k▼ 20.1%

2023 · €58k

2018: €140k 2019: €224k 2020: €150k 2021: €64k 2022: €59k 2023: €58k

2018 → 2024

Working capital

€1.27M▲ 5.2%

2023 · €1.21M

2018: €801k 2019: €1.05M 2020: €1.52M 2021: €1.28M 2022: €1.29M 2023: €1.21M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.66M-€1.72M▲ 3.9%€1.78M▲ 3.4%€1.84M▲ 3.3%€1.88M▲ 2.5%

Operating result€185k-€69k▼ 62.4%€86k▲ 23.8%€105k▲ 22.7%€93k▼ 12.0%

Net result€150k-€64k▼ 57.2%€59k▼ 8.5%€58k▼ 0.9%€46k▼ 20.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 12% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.21M

28.3%

71.7%

Fixed assets €624k▼ 19.1%

Current assets €1.58M▼ 22.6%

Equity and liabilities €2.21M

85.3%

14.7%

Equity €1.88M▲ 2.5%

Debt €325k▼ 66.8%

The debt ratio falls from 34.8% to 14.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€241k

Cash flow

€194k

Solvency

85.3%▲

2023 · 65.2%

Current ratio

5.05▲

2023 · 2.44

Quick ratio

4.98▲

2023 · 2.41

Debt / equity

0.17▼

2023 · 0.53

ROE

2.5%▼

2023 · 3.2%

ROA

2.1%▲

2023 · 2.1%

Interest coverage

9.53

Debt

€325k▼

2023 · €982k

Debt ≤ 1 year

€314k▼

2023 · €838k

Debt > 1 year

€11k▼

2023 · €143k

Income taxes

€22k▲

2023 · €16k

Staff costs

€427k▼

2023 · €619k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.82M€2.21M▼

Fixed assets21/28€772k€624k▼

Tangible fixed assets22/27€768k€620k▼

Plant, machinery and equipment23€722k€587k▼

Furniture and vehicles24€46k€33k▼

Financial fixed assets28€4k€4k=

Current assets29/58€2.05M€1.58M▼

Amounts receivable after more than one year29€694k€694k=

Trade receivables290€90k€90k=

Other amounts receivable291€604k€604k=

Stocks and contracts in progress3€25k€23k▼

Stocks30/36€25k€23k▼

Amounts receivable within one year40/41€529k€229k▼

Trade receivables40€258k€200k▼

Other amounts receivable41€270k€28k▼

Cash at bank and in hand54/58€751k€590k▼

Deferred charges and accrued income490/1€49k€49k=

Equity and liabilities

Total equity and liabilities10/49€2.82M€2.21M▼

Equity10/15€1.84M€1.88M▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€1.78M€1.82M▲

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Tax-exempt reserves132€50k€50k=

Distributable reserves133€1.72M€1.77M▲

Amounts payable17/49€982k€325k▼

Amounts payable after more than one year17€143k€11k▼

Financial debts170/4€143k€11k▼

Amounts payable within one year42/48€838k€314k▼

Current portion of amounts payable after more than one year42€129k€139k▲

Financial debts43€66k-

Credit institutions430/8€66k-

Trade debts44€204k€60k▼

Suppliers440/4€204k€60k▼

Advances received on contracts in progress46€496-

Taxes, remuneration and social security45€197k€82k▼

Taxes450/3€126k€31k▼

Remuneration and social security454/9€71k€52k▼

Other amounts payable47/48€243k€33k▼

Income statement Code20232024

Remuneration, social security and pensions62€619k€427k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€148k

Other operating charges640/8€18k€14k▼

Gross operating margin9900€743k€681k▼

Operating profit (loss)9901€105k€93k▼

Financial income75/76B€577€703▲

Recurring financial income75€577€703▲

Financial charges65/66B€32k€25k▼

Recurring financial charges65€32k€25k▼

Profit (loss) for the period before taxes9903€74k€68k▼

Income taxes67/77€16k€22k▲

Profit (loss) for the period9904€58k€46k▼

Profit (loss) for the period to be appropriated9905€58k€46k▼

Appropriation of the result

Profit (loss) to be appropriated9906€58k€46k▼

Transfer to equity691/2€58k€46k▼

To other reserves6921€58k€46k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

15-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 76 days late

15-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 441 days late

2024

31-12

Financial Weakest financial yearnet €46k ▼20.1%

Net result drops to €46k, the lowest in the series.

31-12

Financial Liquidity doublescurrent ratio 5.05

Current ratio from 2.44 to 5.05; short-term debt falls from €838k to €314k.

20-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 325 days late

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 78 days late

12-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 438 days late

2020

31-12

Financial Liquidity doublescurrent ratio 4.94

Current ratio from 2.21 to 4.94; short-term debt falls from €869k to €385k.

30-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 122 days late

08-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 252 days late

2019

31-12

Financial Highest result since 2018net €224k ▲59.4%

Operating result €341k, net result €224k, both a record.

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

28-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 59 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

14 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, Gent · 3 establishment units since 1995

establishment approximate All 3 establishment units on the map

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.

Nieuwewandeling 2b9000 Gent

Ground area

3,151 m²

Building footprint

930 m²

Volume, LiDAR

6,833 m³

4 parcels, Flanders · tallest building 16.9 m, ±3 floors. Linked by address, not a title deed.

3 establishment units

'T KLOKHUYS BRASSERIE

Corduwaniersstraat 65, 9000 GentNACE 5530101

since 19952.074.398.844

Volta

Nieuwewandeling 2, 9000 GentFood and beverage service activities

since 20102.194.154.945

The Barn

Veldestraat 75, 9850 DeinzeFood and beverage service activities

since 20182.276.592.572

4 parcels

Flanders 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44044B0032/00G000 ProtectedTownscape or village viewKasteel Te Velde met omgevingSource ↗	Flanders	2,471 m²	1 · 324 m²	7.8 m · 1 fl.
44806F0389/00L000 ProtectedMonumentElektrisch onder-/omvormingsstationSource ↗	Flanders	345 m²	1 · 314 m²	16.9 m · 3 fl.
44806F0388/00C003	Flanders	246 m²	1 · 203 m²	12.0 m · 3 fl.
44021A0545/00A000 ProtectedMonument · Townscape or village viewHoekhuis in traditionele stijlSource ↗	Flanders	89 m²	1 · 89 m²	9.5 m · 3 fl.