Vidović Retail Zelzate
ActiveSummary
The computed 12-month bankruptcy probability of Vidović Retail Zelzate is 2.9% (moderate). The 2024 annual accounts show negative equity (€-385k) and a net result of €-215k. Equity is shrinking by ~115.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 9623 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▼-9
Solvency10▼-10
Growth32=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.69 in 2023; short-term debt: 62% and cash: 9.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
-15.3%
Return on assets
-8.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-385k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
84 d late
2023
96 d late
2022
184 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-385k▼ 127%
2023 · €-169k
2022: €6k
2023: €-169k
2022 → 2024
Total assets
€2.51M▼ 22.6%
2023 · €3.25M
2022: €3.43M
2023: €3.25M
2022 → 2024
Net result
€-215k▼ 22.9%
2023 · €-175k
2022: €3k
2023: €-175k
2022 → 2024
Working capital
€-816k▼ 61.4%
2023 · €-506k
2022: €-78k
2023: €-506k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€6k-€-169k€-385k▼ 127%
Operating result€33k-€-43k€37k
Net result€3k-€-175k€-215k▼ 22.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €37k after a loss of €43k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.51M
Fixed assets
€1.77M ▼ 15.8%
Current assets
€743k ▼ 35.2%
Key figures and ratios
EBITDA
€385k▲
2023 · €284k
Cash flow
€132k▼
2023 · €152k
Solvency
-15.3%▼
2023 · -5.2%
Current ratio
0.48▼
2023 · 0.69
Quick ratio
0.24▼
2023 · 0.43
Debt to equity
-7.54▲
2023 · -20.18
ROA
-8.6%▼
2023 · -5.4%
Interest coverage
1.50▼
2023 · 2.15
Debt
€2.90M▼
2023 · €3.42M
Debt ≤ 1 year
€1.56M▼
2023 · €1.65M
Debt > 1 year
€1.32M▼
2023 · €1.69M
Income taxes
€149
Staff costs
€1.10M▲
2023 · €982k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3.25M€2.51M▼
Fixed assets21/28€2.10M€1.77M▼
Tangible fixed assets22/27€2.10M€1.77M▼
Land and buildings22€1.25M€1.10M▼
Plant, machinery and equipment23€158k€150k▼
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€691k€515k▼
Current assets29/58€1.15M€743k▼
Stocks and contracts in progress3€433k€368k▼
Stocks30/36€433k€368k▼
Amounts receivable within one year40/41€233k€87k▼
Trade receivables40€206k€22k▼
Other amounts receivable41€28k€66k▲
Cash at bank and in hand54/58€433k€236k▼
Deferred charges and accrued income490/1€47k€52k▲
Equity and liabilities
Total equity and liabilities10/49€3.25M€2.51M▼
Equity10/15€-169k€-385k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-172k€-388k▼
Amounts payable17/49€3.42M€2.90M▼
Amounts payable after more than one year17€1.69M€1.32M▼
Financial debts170/4€1.69M€1.32M▼
Amounts payable within one year42/48€1.65M€1.56M▼
Current portion of amounts payable after more than one year42€401k€413k▲
Financial debts43€230k€300k▲
Credit institutions430/8€230k€300k▲
Trade debts44€623k€524k▼
Suppliers440/4€623k€524k▼
Taxes, remuneration and social security45€398k€322k▼
Taxes450/3€216k€141k▼
Remuneration and social security454/9€182k€181k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€72k€21k▼
Income statement
Code20232024
Non-recurring operating income76A-€44k
Remuneration, social security and pensions62€982k€1.10M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€327k€348k▲
Other operating charges640/8€3k€21k▲
Gross operating margin9900€1.27M€1.50M▲
Operating profit (loss)9901€-43k€37k▲
Financial income75/76B€124€4k▲
Recurring financial income75€124€4k▲
Financial charges65/66B€132k€256k▲
Recurring financial charges65€132k€256k▲
Profit (loss) for the period before taxes9903€-175k€-215k▼
Income taxes67/77-€149
Profit (loss) for the period9904€-175k€-215k▼
Profit (loss) for the period to be appropriated9905€-175k€-215k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-172k€-388k▼
Profit (loss) brought forward from the previous period14P€3k€-172k▼
Social balance
Average headcount (FTE)908729.030.0▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 84 days late
2024
31-12
Financial
Weakest financial yearnet €-215k
Net result drops to €-215k, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 96 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 184 days late
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, Zelzate · 1 establishment unit since 2022
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.
Assenedesteenweg 1179060 ZelzateGround area
4,779 m²
Building footprint
1,948 m²
Parcel 43018D0862/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
JUMBO Zelzate
since 20222.328.918.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43018D0862/00B000 | Flanders | 4,779 m² | 1 · 1,948 m² | - |
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 siteZelzate2.328.918.827
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
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BE 0766.439.857
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PARDEEP & JASAHIL
BE 0507.793.515
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SATISFACTION AFRICA
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 2,773 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
Founded16-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.