VABEPA
ActiveThe computed 12-month bankruptcy probability of VABEPA is 2.3% (moderate). The 2025 annual accounts show equity of €110k and a net result of €-5k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 63% of 13306 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-14
Solvency70▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.42 in 2024; short-term debt: 30% and cash: 6.1% of total assets), and 54.9% of the assets are financed with debt.
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
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
Sector 56
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
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 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
-2.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
5 d early
2022
3 d early
2021
4 d early
2020
2 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k▼ 4.4%
2024 · €115k
2019: €49k
2020: €55k
2021: €74k
2022: €88k
2023: €109k
2024: €115k
2019 → 2025
Total assets
€244k▼ 16.2%
2024 · €291k
2019: €242k
2020: €226k
2021: €322k
2022: €300k
2023: €324k
2024: €291k
2019 → 2025
Net result
€-5k
2024 · €6k
2019: €9k
2020: €6k
2021: €19k
2022: €15k
2023: €20k
2024: €6k
2019 → 2025
Working capital
€32k▼ 15.5%
2024 · €37k
2019: €14k
2020: €21k
2021: €19k
2022: €24k
2023: €23k
2024: €37k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€88k▲ 19.9%€109k▲ 23.0%€115k▲ 5.7%€110k▼ 4.4%
Operating result€29k-€27k▼ 5.7%€32k▲ 19.1%€19k▼ 41.0%€5k▼ 73.2%
Net result€19k-€15k▼ 23.5%€20k▲ 38.5%€6k▼ 69.3%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€139k▼ 15.5%
Current assets
€105k▼ 17.2%
Equity and liabilities €244k
Equity
€110k▼ 4.4%
Debt
€134k▼ 24.0%
The debt ratio falls from 60.5% to 54.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31k▼
2024 · €44k
Cash flow
€20k▼
2024 · €31k
Solvency
45.1%▲
2024 · 39.5%
Current ratio
1.43▲
2024 · 1.42
Quick ratio
1.32▼
2024 · 1.38
Debt / equity
1.22▼
2024 · 1.53
ROE
-4.6%▼
2024 · 5.4%
ROA
-2.1%▼
2024 · 2.1%
Interest coverage
2.45▼
2024 · 3.55
Debt
€134k▼
2024 · €176k
Debt ≤ 1 year
€73k▼
2024 · €89k
Debt > 1 year
€61k▼
2024 · €87k
Income taxes
€1k▼
2024 · €3k
Staff costs
€45k▼
2024 · €64k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€291k€244k▼
Fixed assets21/28€165k€139k▼
Tangible fixed assets22/27€165k€139k▼
Land and buildings22€100k€92k▼
Plant, machinery and equipment23€16k€12k▼
Furniture and vehicles24€48k€35k▼
Current assets29/58€126k€105k▼
Amounts receivable after more than one year29€29k€29k=
Other amounts receivable291€29k€29k=
Stocks and contracts in progress3€3k€8k▲
Stocks30/36€750€750=
Contracts in progress37€3k€7k▲
Amounts receivable within one year40/41€64k€39k▼
Trade receivables40€18k€186▼
Other amounts receivable41€46k€39k▼
Cash at bank and in hand54/58€12k€15k▲
Deferred charges and accrued income490/1€19k€14k▼
Equity and liabilities
Total equity and liabilities10/49€291k€244k▼
Equity10/15€115k€110k▼
Contributions10/11€6k€6k=
Reserves13€109k€104k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€63€63=
Distributable reserves133€107k€102k▼
Amounts payable17/49€176k€134k▼
Amounts payable after more than one year17€87k€61k▼
Financial debts170/4€87k€61k▼
Amounts payable within one year42/48€89k€73k▼
Current portion of amounts payable after more than one year42€33k€28k▼
Financial debts43€16k€14k▼
Credit institutions430/8€16k€14k▼
Trade debts44€14k€14k▼
Suppliers440/4€14k€14k▼
Taxes, remuneration and social security45€25k€17k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€11k€7k▼
Accrued charges and deferred income492/3€181€231▲
Income statement
Code20242025
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€64k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€112k€77k▼
Operating profit (loss)9901€19k€5k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€10k€-4k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€6k€-5k▼
Profit (loss) for the period to be appropriated9905€6k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-5k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-5k ▼181%
Net result drops to €-5k, the lowest in the series.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €20k ▲38.5%
Operating result €32k, net result €20k, both a record.
31-03
Financial
Equity above €100kEq €109k ▲23%
5 profitable years in a row build equity to €109k.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 2 establishment units since 2008
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.
Hoeksken (STG) 799200 DendermondeGround area
803 m²
Building footprint
216 m²
Volume, LiDAR
1,618 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
BVBA VABEPA
since 20082.172.451.293
Zjat Kaffé
since 20202.305.445.718
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0592/00D000 | Flanders | 696 m² | 1 · 138 m² | 10.9 m · 3 fl. |
| 42006D0777/00C000 | Flanders | 107 m² | 1 · 78 m² | 12.3 m · 3 fl. |
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
1 siteDendermonde2.305.445.718
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GOLDENFUSION
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FRITUUR HOOGSTRAAT
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 7,696 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2008
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.