VVO
ActiveSummary
VVO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-308k) and a net result of €-122k. Equity is shrinking by ~65% per year across the filed fiscal years. Its solvency ranks better than 5% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.55 in 2023; short-term debt: 202.9% and cash: 48.2% 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.
−lowers risk+raises risk
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
-106.8%
Return on assets
-42.3%
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 →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
19202021222324
2019 to 2024 · latest year €-308k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
191 d late
2022
344 d late
2021
316 d late
2020
87 d late
2020
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-308k▼ 65.6%
2023 · €-186k
2019: €208k
2020: €209k
2020: €210k
2021: €145k
2022: €-47k
2023: €-186k
2019 → 2024
Total assets
€288k▼ 18.5%
2023 · €354k
2019: €560k
2020: €415k
2020: €449k
2021: €360k
2022: €291k
2023: €354k
2019 → 2024
Net result
€-122k▲ 12.0%
2023 · €-139k
2019: €273
2020: €787
2020: €636
2021: €-65k
2022: €-193k
2023: €-139k
2019 → 2024
Working capital
€-344k▼ 47.1%
2023 · €-234k
2019: €-154k
2020: €-54k
2020: €-16k
2021: €-9k
2022: €-128k
2023: €-234k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€210k-€145k▼ 30.8%€-47k€-186k▼ 292%€-308k▼ 65.6%
Operating result€5k-€-56k€-184k▼ 231%€-130k▲ 29.3%€-116k▲ 10.9%
Net result€636-€-65k€-193k▼ 198%€-139k▲ 28.0%€-122k▲ 12.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116k in 2024 against €130k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €288k
Fixed assets
€47k ▼ 24.1%
Current assets
€241k ▼ 17.3%
Key figures and ratios
EBITDA
€-100k▼
2023 · €-95k
Cash flow
€-106k▼
2023 · €-103k
Solvency
-106.8%▼
2023 · -52.6%
Current ratio
0.41▼
2023 · 0.55
Quick ratio
0.36▼
2023 · 0.49
Debt to equity
-1.91▲
2023 · -2.90
ROA
-42.3%▼
2023 · -39.2%
Interest coverage
-10.16▼
2023 · -8.78
Debt
€588k▲
2023 · €540k
Debt ≤ 1 year
€585k▲
2023 · €525k
Income taxes
€159▼
2023 · €254
Staff costs
€298k▼
2023 · €394k
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€354k€288k▼
Fixed assets21/28€63k€47k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€43k€30k▼
Plant, machinery and equipment23€16k€10k▼
Other tangible fixed assets26€27k€20k▼
Financial fixed assets28€18k€18k▲
Current assets29/58€291k€241k▼
Stocks and contracts in progress3€34k€32k▼
Stocks30/36€34k€32k▼
Amounts receivable within one year40/41€76k€69k▼
Trade receivables40€76k€59k▼
Other amounts receivable41€330€10k▲
Cash at bank and in hand54/58€179k€139k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€354k€288k▼
Equity10/15€-186k€-308k▼
Contributions10/11€60k€60k=
Reserves13€148€148=
Tax-exempt reserves132€148€148=
Profit (loss) carried forward14€-246k€-368k▼
Provisions and deferred taxes16-€8k
Provisions for liabilities and charges160/5-€8k
Other liabilities and charges164/5-€8k
Amounts payable17/49€540k€588k▲
Amounts payable within one year42/48€525k€585k▲
Trade debts44€467k€536k▲
Suppliers440/4€467k€536k▲
Taxes, remuneration and social security45€59k€50k▼
Taxes450/3€10k€4k▼
Remuneration and social security454/9€49k€45k▼
Accrued charges and deferred income492/3€15k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€394k€298k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€16k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€8k
Other operating charges640/8€11k€11k▼
Non-recurring operating charges66A€18-
Gross operating margin9900€310k€218k▼
Operating profit (loss)9901€-130k€-116k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€-138k€-122k▲
Income taxes67/77€254€159▼
Profit (loss) for the period9904€-139k€-122k▲
Profit (loss) for the period to be appropriated9905€-139k€-122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-246k€-368k▼
Profit (loss) brought forward from the previous period14P€-108k€-246k▼
Social balance
Average headcount (FTE)90877.57.4▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 98 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 191 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 344 days late
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 316 days late
2022
31-12
Financial
Weakest financial yearnet €-193k
Net result drops to €-193k, the lowest in the series; recovery starts the following year.
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €787 ▲188%
Operating result €12k, net result €787, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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
6 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, Merelbeke-Melle · 1 establishment unit since 2013
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.
Hundelgemsesteenweg 639820 Merelbeke-MelleGround area
1,644 m²
Building footprint
715 m²
Volume, LiDAR
4,121 m³
Parcel 44043A0148/00G003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vishandel
since 20132.215.488.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0148/00G003 | Flanders | 1,644 m² | 1 · 715 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 9,653 EUR awarded · 9,653 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,908 EUR | 1,908 EUR |
| 2022 | 1 | 7,745 EUR | 7,745 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMerelbeke-Melle2.215.488.017
Similar companies · same sector, comparable size
Le Boulou
BE 0875.620.978
Ottignies-Louvain-la-Neuve · Eq €145,295
LA PERLE DU NORD
BE 0631.967.272
Eghezée · Eq €146,052
Fish Factory
BE 0849.143.245
Ranst · Eq €141,998
LIMAFISH
BE 0765.440.658
Oostende · Eq €141,970
LECLAIRE
BE 0445.040.750
Jette · Eq €140,549
Of 465 companies in sector 47230 we hold annual accounts for 269. 217 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
Founded07-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47230Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.