1889 Antwerp
ActiveSummary
The computed 12-month bankruptcy probability of 1889 Antwerp is 6.4% (elevated). The 2025 annual accounts show negative equity (€-553k) and a net result of €-114k. Equity is shrinking by ~37% per year across the filed fiscal years. Its solvency ranks better than 10% of 810 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
13
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▲+3
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.08 in 2024; short-term debt: 129.1% and cash: 2.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 →
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 2025Solvency, return and age of the figures
Solvency
-86.4%
Return on assets
-17.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-553k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
31 d early
2023
36 d early
2022
31 d early
← 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
24-09-2026 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
€-114k▲ 19.0%
2024 · €-141k
2022: €-219k
2023: €-140k
2024: €-141k
2022 → 2025
Working capital
€-777k▼ 22.3%
2024 · €-635k
2022: €-196k
2023: €-427k
2024: €-635k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-157k-€-297k▼ 89.1%€-438k▼ 47.4%€-553k▼ 26.1%
Operating result€-206k-€-83k▲ 59.8%€-81k▲ 2.0%€-45k▲ 44.4%
Net result€-219k-€-140k▲ 35.9%€-141k▼ 0.6%€-114k▲ 19.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45k in 2025 against €81k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €640k
Fixed assets
€591k ▼ 13.2%
Current assets
€49k ▼ 15.1%
Key figures and ratios
EBITDA
€58k▲
2024 · €26k
Cash flow
€-11k▲
2024 · €-34k
Solvency
-86.4%▼
2024 · -59.3%
Current ratio
0.06▼
2024 · 0.08
Quick ratio
0.05▼
2024 · 0.06
Debt to equity
-2.16▲
2024 · -2.69
ROA
-17.8%▲
2024 · -19.1%
Interest coverage
0.84▲
2024 · 0.42
Debt
€1.19M▲
2024 · €1.18M
Debt ≤ 1 year
€826k▲
2024 · €694k
Debt > 1 year
€361k▼
2024 · €484k
Staff costs
€545k▲
2024 · €374k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€739k€640k▼
Fixed assets21/28€681k€591k▼
Intangible fixed assets21€60k€52k▼
Tangible fixed assets22/27€621k€538k▼
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€597k€520k▼
Current assets29/58€58k€49k▼
Stocks and contracts in progress3€18k€12k▼
Stocks30/36€18k€12k▼
Amounts receivable within one year40/41€3k€10k▲
Trade receivables40€1k€9k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€30k€14k▼
Deferred charges and accrued income490/1€7k€13k▲
Equity and liabilities
Total equity and liabilities10/49€739k€640k▼
Equity10/15€-438k€-553k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-500k€-614k▼
Amounts payable17/49€1.18M€1.19M▲
Amounts payable after more than one year17€484k€361k▼
Financial debts170/4€484k€361k▼
Amounts payable within one year42/48€694k€826k▲
Current portion of amounts payable after more than one year42€121k€123k▲
Trade debts44€75k€58k▼
Suppliers440/4€75k€58k▼
Taxes, remuneration and social security45€92k€96k▲
Taxes450/3€38k€40k▲
Remuneration and social security454/9€54k€55k▲
Other amounts payable47/48€405k€550k▲
Accrued charges and deferred income492/3€0€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€374k€545k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€107k€103k▼
Other operating charges640/8€23k€16k▼
Gross operating margin9900€423k€620k▲
Operating profit (loss)9901€-81k€-45k▲
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€62k€69k▲
Recurring financial charges65€62k€69k▲
Profit (loss) for the period before taxes9903€-141k€-114k▲
Profit (loss) for the period9904€-141k€-114k▲
Profit (loss) for the period to be appropriated9905€-141k€-114k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-500k€-614k▼
Profit (loss) brought forward from the previous period14P€-359k€-500k▼
Social balance
Average headcount (FTE)90878.812.5▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
3 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, Antwerpen · 2 establishment units 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.
Mediaplein 12018 AntwerpenGround area
4,873 m²
Building footprint
4,562 m²
Volume, LiDAR
121,957 m³
2 parcels, Flanders · tallest building 93.2 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
1889 Antwerp
since 20222.328.058.396
1889 Antwerp
since 20222.328.612.286
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1294/00A000 ProtectedMonument · Townscape or village viewSite Vlaamse Opera, schermenmagazijn en hotel WagnerSource ↗ |
Flanders | 2,975 m² | 1 · 2,664 m² | 93.2 m · 7 fl. |
| 11808H1130/00L008 | Flanders | 1,898 m² | 1 · 1,898 m² | 16.8 m · 3 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.328.612.286
Similar companies · same sector, comparable size
Son Renard et Fils
BE 0421.596.543
La Roche-en-Ardenne · FTE 12.5
MAGA
BE 0429.674.960
Antwerpen · FTE 12.5
MIDA
BE 0446.735.181
Oostende · FTE 12.5
EETHUIS
BE 0458.442.190
Geraardsbergen · FTE 12.5
TORENHOF
BE 0459.024.091
Westerlo · FTE 12.5
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 2,521 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.