VYP Group
ActiveSummary
The computed 12-month bankruptcy probability of VYP Group is 6.7% (elevated). The 2024 annual accounts show negative equity (€-86k) and a net result of €-52k. Equity is shrinking by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 18936 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-54
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.64 in 2023; short-term debt: 174.2% and cash: 8.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-74.2%
Return on assets
-44.7%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
82 d late
2022
84 d late
2021
87 d late
2020
51 d late
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-86k▼ 152%
2023 · €-34k
2019: €393highest in 6 years
2020: €-8k▼ -2074% vs 2019
2021: €-49k▼ -527% vs 2020
2022: €-42k▲ +13.7% vs 2021
2023: €-34k▲ +18.7% vs 2022
2024: €-86k▼ -152% vs 2023lowest in 6 years
2019 → 2024
Total assets
€116k▲ 12.5%
2023 · €103k
2019: €43k
2020: €31k▼ -28.0% vs 2019lowest in 6 years
2021: €40k▲ +30.8% vs 2020
2022: €67k▲ +66.4% vs 2021
2023: €103k▲ +53.7% vs 2022
2024: €116k▲ +12.5% vs 2023highest in 6 years
2019 → 2024
Net result
€-52k
2023 · €8k
2019: €392
2020: €-8k▼ -2180% vs 2019
2021: €-41k▼ -402% vs 2020
2022: €7k▲ +116% vs 2021
2023: €8k▲ +18.0% vs 2022highest in 6 years
2024: €-52k▼ -760% vs 2023lowest in 6 years
2019 → 2024
Working capital
€-101k▼ 108%
2023 · €-49k
2019: €-20khighest in 6 years
2020: €-30k▼ -48.8% vs 2019
2021: €-74k▼ -143% vs 2020
2022: €-62k▲ +16.2% vs 2021
2023: €-49k▲ +20.8% vs 2022
2024: €-101k▼ -108% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-8k-€-49k▼ 527%€-42k▲ 13.7%€-34k▲ 18.7%€-86k▼ 152%
2020: €-8khighest in 5 years
2021: €-49k▼ -527% vs 2020
2022: €-42k▲ +13.7% vs 2021
2023: €-34k▲ +18.7% vs 2022
2024: €-86k▼ -152% vs 2023lowest in 5 years
Operating result€-8k-€-39k▼ 390%€10k€12k▲ 19.7%€-50k
2020: €-8k
2021: €-39k▼ -390% vs 2020
2022: €10k▲ +126% vs 2021
2023: €12k▲ +19.7% vs 2022highest in 5 years
2024: €-50k▼ -506% vs 2023lowest in 5 years
Net result€-8k-€-41k▼ 402%€7k€8k▲ 18.0%€-52k
2020: €-8k
2021: €-41k▼ -402% vs 2020
2022: €7k▲ +116% vs 2021
2023: €8k▲ +18.0% vs 2022highest in 5 years
2024: €-52k▼ -760% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €50k after €12k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€15k ▲ 4.7%
Current assets
€101k ▲ 13.8%
Key figures and ratios
EBITDA
€-48k▼
2023 · €17k
Cash flow
€-50k▼
2023 · €13k
Solvency
-74.2%▼
2023 · -33.2%
Current ratio
0.50▼
2023 · 0.64
Debt to equity
-2.35▲
2023 · -4.02
ROA
-44.7%▼
2023 · 7.6%
Interest coverage
-9.14▼
2023 · 3.09
Debt
€202k▲
2023 · €137k
Debt ≤ 1 year
€202k▲
2023 · €137k
Staff costs
€217k▲
2023 · €140k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€103k€116k▲
Fixed assets21/28€15k€15k▲
Tangible fixed assets22/27€3k€4k▲
Plant, machinery and equipment23€117-
Furniture and vehicles24€3k€4k▲
Financial fixed assets28€11k€11k=
Current assets29/58€88k€101k▲
Amounts receivable within one year40/41€52k€91k▲
Trade receivables40€10k€32k▲
Other amounts receivable41€42k€59k▲
Cash at bank and in hand54/58€36k€10k▼
Equity and liabilities
Total equity and liabilities10/49€103k€116k▲
Equity10/15€-34k€-86k▼
Contributions10/11€1€1=
Reserves13€98€98=
Distributable reserves133€98€98=
Profit (loss) carried forward14€-34k€-86k▼
Amounts payable17/49€137k€202k▲
Amounts payable within one year42/48€137k€202k▲
Trade debts44€91k€137k▲
Suppliers440/4€91k€137k▲
Taxes, remuneration and social security45€46k€65k▲
Taxes450/3€38k€52k▲
Remuneration and social security454/9€9k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€140k€217k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A€2k€3k▲
Gross operating margin9900€165k€181k▲
Operating profit (loss)9901€12k€-50k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€8k€-52k▼
Profit (loss) for the period9904€8k€-52k▼
Profit (loss) for the period to be appropriated9905€8k€-52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-86k▼
Profit (loss) brought forward from the previous period14P€-42k€-34k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €101k | €137k | €140k | €217k | ▲ 54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €6k | €5k | €2k | ▼ 61.0% |
| Other operating charges640/8 | - | €1k | €9k | €5k | €9k | ▲ 88.8% |
| Non-recurring operating charges66A | - | €2k | €3k | €2k | €3k | ▲ 21.6% |
| Gross operating margin9900 | €33k | €70k | €165k | €165k | €181k | ▲ 9.8% |
| Operating profit (loss)9901 | €-8k | €-39k | €10k | €12k | €-50k | ▼ 506% |
| Financial income75/76B | - | €53 | €227 | €1k | €3k | ▲ 187% |
| Recurring financial income75 | - | €53 | €227 | €1k | €3k | ▲ 187% |
| Financial charges65/66B | - | €2k | €4k | €6k | €5k | ▼ 6.1% |
| Recurring financial charges65 | €124 | €2k | €4k | €6k | €5k | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €-8k | €-41k | €7k | €8k | €-52k | ▼ 760% |
| Income taxes67/77 | - | - | €-100 | - | - | - |
| Profit (loss) for the period9904 | €-8k | €-41k | €7k | €8k | €-52k | ▼ 760% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €-41k | €7k | €8k | €-52k | ▼ 760% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31k | €40k | €67k | €103k | €116k | ▲ 12.5% |
| Formation expenses20 | €3k | €2k | €780 | - | - | - |
| Fixed assets21/28 | €19k | €23k | €19k | €15k | €15k | ▲ 4.7% |
| Tangible fixed assets22/27 | €9k | €12k | €8k | €3k | €4k | ▲ 19.6% |
| Plant, machinery and equipment23 | - | €1k | €695 | €117 | - | - |
| Furniture and vehicles24 | - | €10k | €7k | €3k | €4k | ▲ 23.7% |
| Financial fixed assets28 | €11k | €11k | €11k | €11k | €11k | = |
| Current assets29/58 | €8k | €15k | €47k | €88k | €101k | ▲ 13.8% |
| Amounts receivable within one year40/41 | €8k | €8k | €23k | €52k | €91k | ▲ 73.1% |
| Trade receivables40 | - | €8k | €8k | €10k | €32k | ▲ 209% |
| Other amounts receivable41 | - | - | €15k | €42k | €59k | ▲ 40.0% |
| Cash at bank and in hand54/58 | €427 | €7k | €24k | €36k | €10k | ▼ 72.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31k | €40k | €67k | €103k | €116k | ▲ 12.5% |
| Equity10/15 | €-8k | €-49k | €-42k | €-34k | €-86k | ▼ 152% |
| Contributions10/11 | - | €1 | €1 | €1 | €1 | = |
| Reserves13 | €98 | €98 | €98 | €98 | €98 | = |
| Distributable reserves133 | - | €98 | €98 | €98 | €98 | = |
| Profit (loss) carried forward14 | €-8k | €-49k | €-42k | €-34k | €-86k | ▼ 151% |
| Amounts payable17/49 | €39k | €89k | €109k | €137k | €202k | ▲ 47.1% |
| Amounts payable within one year42/48 | €39k | €89k | €109k | €137k | €202k | ▲ 47.1% |
| Trade debts44 | - | €21k | €71k | €91k | €137k | ▲ 51.1% |
| Suppliers440/4 | - | €21k | €71k | €91k | €137k | ▲ 51.1% |
| Taxes, remuneration and social security45 | - | €40k | €37k | €46k | €65k | ▲ 39.5% |
| Taxes450/3 | - | €13k | €33k | €38k | €52k | ▲ 37.6% |
| Remuneration and social security454/9 | - | €27k | €4k | €9k | €13k | ▲ 47.9% |
| Other amounts payable47/48 | - | €27k | €999 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €-41k | €7k | €8k | €-52k | ▼ 760% |
| + Depreciation and write-downs630 | €5k | €6k | €6k | €5k | €2k | ▼ 61.0% |
| Operating cash flow (approximation) | €-4k | €-35k | €13k | €13k | €-50k | ▼ 489% |
| Investment in fixed assets (approximation) | - | €-9k | €-2k | €-780 | €-3k | ▼ 236% |
| Change in cash | - | €7k | €17k | €12k | €-26k | ▼ 319% |
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
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Highest result since 2019net €8k ▲18%
Operating result €12k, net result €8k, both a record.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2021
Ground area
135 m²
Building footprint
105 m²
Volume, LiDAR
1,829 m³
Parcel 21811M0912/00D002, Brussels · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
An Ngon
since 20212.316.474.618
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0912/00D002 | Brussels | 135 m² | 1 · 105 m² | 20.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.316.474.618
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 709 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
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.