VATAN
ActiveSummary
The computed 12-month bankruptcy probability of VATAN is 2.3% (moderate). The 2024 annual accounts show equity of €85k and a net result of €1k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 18936 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-3
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 27.15 against 24.54 in 2023; short-term debt: 2.9% and cash: 47.8% of total assets), and 2.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 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
not confirmed
2024
34 d late
2023
64 d late
2021
29 d late
2020
59 d late
2019
87 d late
2018
41 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€85k▲ 1.7%
2023 · €83k
2018: €38k
2019: €43k
2020: €54k
2021: €76k
2023: €83k
2018 → 2024
Total assets
€87k▲ 1.6%
2023 · €86k
2018: €41k
2019: €51k
2020: €62k
2021: €85k
2023: €86k
2018 → 2024
Net result
€1k▼ 58.8%
2023 · €3k
2018: €2k
2019: €5k
2020: €11k
2021: €22k
2023: €3k
2018 → 2024
Working capital
€65k▲ 11.0%
2023 · €59k
2018: €32k
2019: €13k
2020: €31k
2021: €60k
2023: €59k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€43k-€54k▲ 24.4%€76k▲ 40.4%€83k▲ 9.9%€85k▲ 1.7%
Operating result€7k-€11k▲ 69.9%€25k▲ 119%€4k▼ 82.9%€3k▼ 35.2%
Net result€5k-€11k▲ 96.2%€22k▲ 106%€3k▼ 84.6%€1k▼ 58.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87k
Fixed assets
€20k ▼ 20.6%
Current assets
€68k ▲ 10.6%
Equity and liabilities €87k
Equity
€85k ▲ 1.7%
Debt
€2k =
Debt's share of the balance-sheet total stays at 2.9%.
Key figures and ratios
EBITDA
€8k▼
2023 · €15k
Cash flow
€6k▼
2023 · €14k
Current ratio
27.15▲
2023 · 24.54
Debt to equity
0.03▼
2023 · 0.03
ROE
1.6%▼
2023 · 4.0%
ROA
1.6%▼
2023 · 3.9%
Interest coverage
20.94▼
2023 · 118.79
Debt ≤ 1 year
€2k=
2023 · €2k
Income taxes
€1k▲
2023 · €805
Staff costs
€2k▼
2023 · €4k
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€86k€87k▲
Fixed assets21/28€25k€20k▼
Tangible fixed assets22/27€22k€17k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26€14k€10k▼
Financial fixed assets28€3k€3k=
Current assets29/58€61k€68k▲
Amounts receivable within one year40/41€22k€26k▲
Other amounts receivable41€22k€26k▲
Cash at bank and in hand54/58€38k€42k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€86k€87k▲
Equity10/15€83k€85k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€63k€64k▲
Amounts payable17/49€2k€2k=
Amounts payable within one year42/48€2k€2k=
Trade debts44€1k€343▼
Suppliers440/4€1k€343▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€805€2k▲
Remuneration and social security454/9€198€320▲
Other amounts payable47/48€248-
Income statement
Code20232024
Remuneration, social security and pensions62€4k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Other operating charges640/8€9k€1k▼
Gross operating margin9900€28k€11k▼
Operating profit (loss)9901€4k€3k▼
Financial income75/76B€40€24▼
Recurring financial income75€40€24▼
Financial charges65/66B€130€374▲
Recurring financial charges65€130€374▲
Profit (loss) for the period before taxes9903€4k€2k▼
Income taxes67/77€805€1k▲
Profit (loss) for the period9904€3k€1k▼
Profit (loss) for the period to be appropriated9905€3k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€64k▲
Profit (loss) brought forward from the previous period14P€59k€63k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
31-12
Financial
Weakest financial yearnet €1k ▼58.8%
Net result drops to €1k, the lowest in the series.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 24.54
Current ratio from 7.48 to 24.54; short-term debt falls from €9k to €2k.
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €22k ▲106%
Operating result €25k, net result €22k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 41 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Schaarbeek · 1 establishment unit since 2007
Ground area
145 m²
Building footprint
138 m²
Volume, LiDAR
2,493 m³
Parcel 21906D0212/00K000, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Haachtsesteenweg 382, 1030 Schaarbeek
since 20072.159.509.020
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0212/00K000 | Brussels | 145 m² | 1 · 138 m² | 20.6 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteSchaarbeek2.159.509.020
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,985 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 (pre-2019)
Founded17-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.