DE.VIP
ActiveSummary
DE.VIP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €301k and a net result of €47k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 71% of 862 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
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
Profitability79▼-15
Solvency78▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.48 in 2023; short-term debt: 43.7% and cash: 68.1% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-05-2025, 78 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
78 d early
2023
22 d late
2022
23 d late
2021
25 d late
2020
25 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.18M
EBIT margin
2.9%
Net result
€47k▼ 60.0%
2023 · €118k
2018: €30k
2019: €73k
2020: €38k
2021: €6k
2022: €-15k
2023: €118k
2018 → 2024
Working capital
€208k▼ 19.2%
2023 · €257k
2018: €59k
2019: €120k
2020: €165k
2021: €151k
2022: €140k
2023: €257k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€260k-€266k▲ 2.3%€251k▼ 5.6%€370k▲ 47.1%€301k▼ 18.6%
Operating result€47k-€4k▼ 90.7%€-17k€138k€58k▼ 58.0%
Net result€38k-€6k▼ 83.8%€-15k€118k€47k▼ 60.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 58% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €571k
Fixed assets
€114k ▼ 28.7%
Current assets
€457k ▲ 6.2%
Equity and liabilities €571k
Equity
€301k ▼ 18.6%
Debt
€270k ▲ 22.5%
Debt's share of the balance-sheet total rises from 37.3% to 47.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€104k▼
2023 · €188k
Cash flow
€93k▼
2023 · €169k
Current ratio
1.83▼
2023 · 2.48
Quick ratio
1.75▼
2023 · 2.28
Debt to equity
0.90▲
2023 · 0.60
ROE
15.7%▼
2023 · 32.0%
ROA
8.3%▼
2023 · 20.1%
Interest coverage
29.97▼
2023 · 39.93
Debt ≤ 1 year
€250k▲
2023 · €174k
Debt > 1 year
€14k▼
2023 · €37k
Income taxes
€11k▼
2023 · €19k
Staff costs
€571k▲
2023 · €549k
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 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€590k€571k▼
Fixed assets21/28€159k€114k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€157k€112k▼
Plant, machinery and equipment23€20k€10k▼
Furniture and vehicles24€46k€31k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€91k€71k▼
Current assets29/58€431k€457k▲
Stocks and contracts in progress3€34k€22k▼
Stocks30/36€34k€22k▼
Amounts receivable within one year40/41€45k€46k▲
Trade receivables40€45k€30k▼
Other amounts receivable41€0€16k▲
Cash at bank and in hand54/58€328k€389k▲
Deferred charges and accrued income490/1€24k€586▼
Equity and liabilities
Total equity and liabilities10/49€590k€571k▼
Equity10/15€370k€301k▼
Contributions10/11€20k€20k=
Reserves13€118k€2k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€118k€2k▼
Profit (loss) carried forward14€232k€279k▲
Amounts payable17/49€220k€270k▲
Amounts payable after more than one year17€37k€14k▼
Financial debts170/4€37k€14k▼
Amounts payable within one year42/48€174k€250k▲
Current portion of amounts payable after more than one year42€26k€22k▼
Trade debts44€47k€70k▲
Suppliers440/4€47k€70k▲
Taxes, remuneration and social security45€91k€34k▼
Taxes450/3€16k€5k▼
Remuneration and social security454/9€75k€29k▼
Other amounts payable47/48€9k€123k▲
Accrued charges and deferred income492/3€10k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€549k€571k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€46k▼
Other operating charges640/8€9k€9k▲
Gross operating margin9900€746k€684k▼
Operating profit (loss)9901€138k€58k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€137k€59k▼
Income taxes67/77€19k€11k▼
Profit (loss) for the period9904€118k€47k▼
Profit (loss) for the period to be appropriated9905€118k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€232k€279k▲
Profit (loss) brought forward from the previous period14P€113k€232k▲
Transfer from equity791/2-€116k
Profit to be distributed694/7-€116k
Return on contributions (dividend)694-€116k
Social balance
Average headcount (FTE)908713.213.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-12
Financial
Back to profitnet €118k
Net result €118k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼346%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Equity above €200kEq €223k ▲38%
2 profitable years in a row build equity to €223k.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hotton · 2 establishment units since 2003
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.
Rue de la Vallée 56990 HottonGround area
441 m²
Building footprint
174 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
DE.VIP
since 20032.139.193.656
DE.VIP
since 20032.139.193.854
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028B0107/00L000 | Wallonia | 397 m² | 1 · 135 m² | - |
| 83031A0286/00D000 | Wallonia | 44 m² | 1 · 39 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2 sitesHotton2.139.193.656
La-Roche-en-Ardenne2.139.193.854
Similar companies · same sector, comparable size
BOULANGERIE MAX
BE 0766.688.592
Mons · Eq €301,026
LE PAIN DE FRANCOIS
BE 0736.320.664
Gesves · Eq €300,983
Kris De Munck
BE 0449.935.290
Sint-Gillis-Waas · Eq €300,804
BROOD EN BANKET ASTRID & DIETER
BE 0563.533.376
Koekelare · Eq €301,396
ROUARD
BE 0434.741.231
Namur · Eq €300,346
Of 4,226 companies in sector 10712 we hold annual accounts for 1,870. 1,391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.