Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of VIVACE is 14.7% (high). The 2024 annual accounts show negative equity (€-24k) and a net result of €-27k. Its solvency ranks better than 14% of 5615 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone14.7%
High
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-27k-58.1%
Working capital€-19k+59.2%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-12-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -55.7% | 19.3% | |
| Net result | €-27k | €4k | |
| Equity | €-24k | €14k | |
| Gross operating margin | €-7k | €52k | |
| Staff costs | €1k | €49k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-27k
-272.3%
far below sector median
€-27k
-58.1%
far below sector median
€-27k
-272.8%
far below sector median
€44k
-63.7%
-90% vs sector
€-24k
-
far below sector median
€-19k
+59.2%
far below sector median
1
-
-92% vs sector
€1k
-95.6%
-100% vs sector
€68k
-42.1%
-73% vs sector
€63k
-21.9%
-58% vs sector
0.69
+69.1%
-66% vs sector
0.69
+69.1%
-61% vs sector
-55.7%
-
far below sector median
-2.79
-
far below sector median
111.5%
-
far above sector median
-62.2%
-335.6%
far below sector median
-122.39
-98.6%
far below sector median
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-27k |
| Net profit | €-27k |
| Cash flow | €-27k |
| Staff costs | €1k |
| Income taxes | - |
| Dividends | - |
| Total assets | €44k |
| Equity | €-24k |
| Debt | €68k |
| of which ≤ 1y | €63k |
| of which > 1y | - |
| Working capital | €-19k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.69 |
| Quick ratio | 0.69 |
| Working capital ratio | -44.6% |
| Solvency | -55.7% |
| Debt / equity | -2.79 |
| Long-term debt ratio | - |
| Interest coverage | -122.39 |
| Gross margin | - |
| Net margin | - |
| ROA | -62.2% |
| ROE | 111.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €44k |
| Fixed assets | 21/28 | €238 |
| Tangible fixed assets | 22/27 | €0 |
| Financial fixed assets | 28 | €238 |
| Current assets | 29/58 | €43k |
| Amounts receivable within one year | 40/41 | €42k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €44k |
| Equity | 10/15 | €-24k |
| Contributions / capital | 10/11 | €20k |
| Accumulated profits (losses) | 14 | €-44k |
| Amounts payable | 17/49 | €68k |
| Amounts payable within one year | 42/48 | €63k |
| Trade debts payable within one year | 44 | €19k |
| Income statement | ||
| Gross operating margin | 9900 | €-7k |
| Operating result | 9901 | €-27k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €220 |
| Result before taxes | 9903 | €-27k |
| Net result for the period | 9904 | €-27k |
| Result to be appropriated | 9905 | €-27k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed12
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
5 directorsCurrent directors & mandates
-
Current15-05-2026 → present
-
Current01-06-2023 → present
2 events
- 07-08-2024 Mandate renewed· Director
- 01-06-2023 Appointed· Director
Former directors (3)
-
Former- → 10-02-2025
-
Former01-06-2023 → 30-01-2025
2 events
- 30-01-2025 Resigned· Director
- 01-06-2023 Appointed· Director
-
Former- → 30-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 17-04-2023 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Connections & network
9 connected companiesNetwork connections
Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Shared address
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationVivace
since 20232.345.466.631
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area2,244 m²
Buildings2
Building footprint2,504 m²
Volume (LiDAR)61,492 m³
Tallest building35.6 m · ±9 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 fl. |
| 44302D1713/00B000 | Flanders | 561 m² | 1 · 71 m² | - |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
4 acts Address history · 1
15-05-2026
Seat change: new: 1050 Brussel, Louizalaan 65, old: 9000 Gent, Gouvernementstraat 30
All acts · 4
updated 2 months ago
2026
15-05-2026 General meeting · Seat change · Officer resignation · Officer discharge
- Filing: 2026-05-12 · VIVACE
- General meeting: 2025-02-10 · VIVACE
- Seat change: new: 1050 Brussel, Louizalaan 65, old: 9000 Gent, Gouvernementstraat 30 · VIVACE
- Officer resignation: 2025-02-10 · DI BISECGLIE Massimo
- Officer discharge · DI BISECGLIE Massimo
- Officer appointment: role: niet-statutair bestuurder, term: onbepaalde duur · QUARATINO Antonio
- Publication: 2026-05-15
- Act object: 9000 Gent
Summary:
General meeting · Seat change · Officer resignation · Officer discharge
2025
30-01-2025 2 resigning, 1 reappointed
- Gambardella Giuseppe, Bestuurder
- Lembo Stefano, Bestuurder
- Di Bisceglie Massimo, Bestuurder
Summary:
v3.2
2023
16-08-2023 2 directors appointed
- Di Bisceglie Massimo, Bestuurder
- Gambardella Giuseppe, Bestuurder
Summary:
v3.2
19-04-2023 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes55
/ 100
Mixed profile: strong on profitability, weaker on health.
Health
12
Profitability
100
Solvency
38
Growth
32
Stability
94
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, nearest firstCompany registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
| Legal nameNL | VIVACE |
Registered office
Louizalaan 65
1050 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.