V.D.B. FACULTY
ActiveSummary
V.D.B. FACULTY has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.08M and a net result of €65k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 818 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 28.0 against 19.77 in 2024; short-term debt: 1.9% and cash: 29.3% of total assets), and 3.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.9%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
18 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
17 d late
2019
96 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 59.8%
2024 · €41k
2018: €114khighest in 8 years
2019: €108k▼ -5.8% vs 2018
2020: €-15k▼ -114% vs 2019lowest in 8 years
2021: €31k▲ +304% vs 2020
2022: €26k▼ -14.7% vs 2021
2023: €28k▲ +4.9% vs 2022
2024: €41k▲ +47.6% vs 2023
2025: €65k▲ +59.8% vs 2024
2018 → 2025
Working capital
€562k▲ 13.7%
2024 · €495k
2018: €336klowest in 8 years
2019: €368k▲ +9.8% vs 2018
2020: €401k▲ +8.9% vs 2019
2021: €426k▲ +6.3% vs 2020
2022: €445k▲ +4.5% vs 2021
2023: €503k▲ +12.8% vs 2022
2024: €495k▼ -1.6% vs 2023
2025: €562k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€917k-€943k▲ 2.9%€971k▲ 2.9%€1.01M▲ 4.2%€1.08M▲ 6.4%
2021: €917klowest in 5 years
2022: €943k▲ +2.9% vs 2021
2023: €971k▲ +2.9% vs 2022
2024: €1.01M▲ +4.2% vs 2023
2025: €1.08M▲ +6.4% vs 2024highest in 5 years
Operating result€32k-€30k▼ 6.7%€37k▲ 21.8%€48k▲ 32.0%€90k▲ 85.5%
2021: €32k
2022: €30k▼ -6.7% vs 2021lowest in 5 years
2023: €37k▲ +21.8% vs 2022
2024: €48k▲ +32.0% vs 2023
2025: €90k▲ +85.5% vs 2024highest in 5 years
Net result€31k-€26k▼ 14.7%€28k▲ 4.9%€41k▲ 47.6%€65k▲ 59.8%
2021: €31k
2022: €26k▼ -14.7% vs 2021lowest in 5 years
2023: €28k▲ +4.9% vs 2022
2024: €41k▲ +47.6% vs 2023
2025: €65k▲ +59.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.11M
Fixed assets
€527k ▲ 0.4%
Current assets
€583k ▲ 12.0%
Equity and liabilities €1.11M
Equity
€1.08M ▲ 6.4%
Debt
€34k ▼ 2.3%
Debt's share of the balance-sheet total falls from 3.3% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129k▲
2024 · €88k
Cash flow
€104k▲
2024 · €80k
Current ratio
28.00▲
2024 · 19.77
Quick ratio
27.98▲
2024 · 19.75
Debt to equity
0.03▼
2024 · 0.03
ROE
6.1%▲
2024 · 4.0%
ROA
5.9%▲
2024 · 3.9%
Interest coverage
34.72▼
2024 · 45.13
Debt ≤ 1 year
€21k▼
2024 · €26k
Income taxes
€33k▲
2024 · €20k
Staff costs
€56k▲
2024 · €52k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.11M▲
Fixed assets21/28€525k€527k▲
Tangible fixed assets22/27€217k€178k▼
Land and buildings22€217k€178k▼
Furniture and vehicles24€167-
Financial fixed assets28€308k€349k▲
Current assets29/58€521k€583k▲
Stocks and contracts in progress3€397€380▼
Stocks30/36€397€380▼
Amounts receivable within one year40/41€19k€9k▼
Trade receivables40€1k-
Other amounts receivable41€17k€9k▼
Current investments50/53€425k€246k▼
Cash at bank and in hand54/58€70k€326k▲
Deferred charges and accrued income490/1€7k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.11M▲
Equity10/15€1.01M€1.08M▲
Contributions10/11€91k€91k=
Capital10€91k€91k=
Issued capital100€91k€91k=
Reserves13€921k€986k▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€912k€977k▲
Amounts payable17/49€35k€34k▼
Amounts payable within one year42/48€26k€21k▼
Trade debts44€14k€8k▼
Suppliers440/4€14k€8k▼
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€7k€8k▲
Accrued charges and deferred income492/3€8k€13k▲
Income statement
Code20242025
Remuneration, social security and pensions62€52k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k▼
Other operating charges640/8€22k€22k▲
Gross operating margin9900€161k€207k▲
Operating profit (loss)9901€48k€90k▲
Financial income75/76B€14k€12k▼
Recurring financial income75€14k€12k▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€61k€98k▲
Income taxes67/77€20k€33k▲
Profit (loss) for the period9904€41k€65k▲
Profit (loss) for the period to be appropriated9905€41k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€65k▲
Transfer to equity691/2€41k€65k▲
To other reserves6921€41k€65k▲
Social balance
Average headcount (FTE)90872.32.2▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29k | €46k | €54k | €52k | €56k | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €44k | €38k | €39k | €39k | ▼ 0.6% |
| Other operating charges640/8 | €14k | €18k | €21k | €22k | €22k | ▲ 0.9% |
| Gross operating margin9900 | €127k | €138k | €150k | €161k | €207k | ▲ 28.3% |
| Operating profit (loss)9901 | €32k | €30k | €37k | €48k | €90k | ▲ 85.5% |
| Financial income75/76B | €59 | €179 | €3k | €14k | €12k | ▼ 15.8% |
| Recurring financial income75 | €59 | €179 | €3k | €14k | €12k | ▼ 15.8% |
| Financial charges65/66B | €1k | €2k | €2k | €2k | €4k | ▲ 91.1% |
| Recurring financial charges65 | €1k | €2k | €2k | €2k | €4k | ▲ 91.1% |
| Profit (loss) for the period before taxes9903 | €31k | €28k | €38k | €61k | €98k | ▲ 61.8% |
| Income taxes67/77 | - | €2k | €10k | €20k | €33k | ▲ 65.9% |
| Profit (loss) for the period9904 | €31k | €26k | €28k | €41k | €65k | ▲ 59.8% |
| Profit (loss) for the period to be appropriated9905 | €31k | €26k | €28k | €41k | €65k | ▲ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €937k | €977k | €1.00M | €1.05M | €1.11M | ▲ 6.2% |
| Fixed assets21/28 | €497k | €508k | €476k | €525k | €527k | ▲ 0.4% |
| Tangible fixed assets22/27 | €322k | €282k | €250k | €217k | €178k | ▼ 17.9% |
| Land and buildings22 | €319k | €281k | €250k | €217k | €178k | ▼ 17.9% |
| Furniture and vehicles24 | €3k | €2k | €683 | €167 | - | - |
| Financial fixed assets28 | €176k | €226k | €226k | €308k | €349k | ▲ 13.3% |
| Current assets29/58 | €440k | €469k | €524k | €521k | €583k | ▲ 12.0% |
| Stocks and contracts in progress3 | €243 | €291 | €352 | €397 | €380 | ▼ 4.2% |
| Stocks30/36 | €243 | €291 | €352 | €397 | €380 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €18k | €16k | €13k | €19k | €9k | ▼ 53.0% |
| Trade receivables40 | €1k | - | - | €1k | - | - |
| Other amounts receivable41 | €17k | €16k | €13k | €17k | €9k | ▼ 49.9% |
| Current investments50/53 | - | - | €375k | €425k | €246k | ▼ 42.2% |
| Cash at bank and in hand54/58 | €418k | €449k | €131k | €70k | €326k | ▲ 366% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €7k | €3k | ▼ 60.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €937k | €977k | €1.00M | €1.05M | €1.11M | ▲ 6.2% |
| Equity10/15 | €917k | €943k | €971k | €1.01M | €1.08M | ▲ 6.4% |
| Contributions10/11 | €91k | €91k | €91k | €91k | €91k | = |
| Capital10 | €91k | €91k | €91k | €91k | €91k | = |
| Issued capital100 | €91k | €91k | €91k | €91k | €91k | = |
| Reserves13 | €826k | €852k | €880k | €921k | €986k | ▲ 7.1% |
| Non-distributable reserves130/1 | €9k | €9k | €9k | €9k | €9k | = |
| Legal reserve130 | €9k | €9k | €9k | €9k | €9k | = |
| Distributable reserves133 | €817k | €843k | €871k | €912k | €977k | ▲ 7.2% |
| Amounts payable17/49 | €21k | €34k | €30k | €35k | €34k | ▼ 2.3% |
| Amounts payable within one year42/48 | €14k | €23k | €22k | €26k | €21k | ▼ 21.0% |
| Trade debts44 | €6k | €13k | €8k | €14k | €8k | ▼ 44.2% |
| Suppliers440/4 | €6k | €13k | €8k | €14k | €8k | ▼ 44.2% |
| Taxes, remuneration and social security45 | €7k | €10k | €14k | €12k | €13k | ▲ 5.7% |
| Taxes450/3 | €3k | €6k | €5k | €6k | €5k | ▼ 14.7% |
| Remuneration and social security454/9 | €4k | €5k | €9k | €7k | €8k | ▲ 23.9% |
| Accrued charges and deferred income492/3 | €7k | €10k | €8k | €8k | €13k | ▲ 56.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €26k | €28k | €41k | €65k | ▲ 59.8% |
| + Depreciation and write-downs630 | €52k | €44k | €38k | €39k | €39k | ▼ 0.6% |
| Operating cash flow (approximation) | €83k | €70k | €66k | €80k | €104k | ▲ 30.2% |
| Investment in fixed assets (approximation) | - | €-54k | €-6k | €-88k | €-41k | ▲ 53.6% |
| Change in cash | - | €31k | €-318k | €-61k | €256k | ▲ 517% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
Reappointments: Van den Berghe Frédéric (director) and Demot Monique (director)Power of attorney4 facts ▸
State Gazette act
Reappointments: Van den Berghe Frédéric (director) and Demot Monique (director)
Power of attorney4 facts ▸
- General meeting, 20-04-2026
- Director reappointment, Van den Berghe Frédéric (director)
- Director reappointment, Demot Monique (director)
- Power of attorney, SA B.F.S.
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Equity above €1MEq €1.01M ▲4.2%
4 profitable years in a row build equity to €1.01M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Demot Monique
CurrentDirector · since 20-04-2026
Van den Berghe Frédéric
CurrentDirector · since 20-04-2026
20-04-2026
Demot Monique: Mandate renewed as Director
20-04-2026
Van den Berghe Frédéric: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1951
Ground area
336 m²
Building footprint
335 m²
Volume, LiDAR
2,846 m³
Parcel 21445C0278/00V014, Brussels · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Arnaud Fraiteurlaan 28, 1050 Elsene
since 19512.038.178.450
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0278/00V014 | Brussels | 336 m² | 1 · 335 m² | 13.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
via Van den Berghe Frédéric · Director
former→
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.038.178.450
Legal Entity Identifier
648837H2M0OEC2ZU1571
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 1,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Abbreviation FR
C.V.F.
Activities, NACEBEL 2025
56301Cafés and bars
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
92000Gambling and betting activities
93292Sports, amusement and recreation activities
Scores and ratios are computed by Checked and are not a credit decision.