33
ActiveSummary
The computed 12-month bankruptcy probability of 33 is 3.6% (moderate). The 2024 annual accounts show negative equity (-€726,095) and a net result of -€232,612. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 18930 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.52 against 7.8 in 2023; short-term debt: 27.6% and cash: 1.5% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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
-106.3%
Return on assets
-34.1%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€726,095
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
9 d late
2022
13 d late
2021
26 d late
2020
31 d late
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 company by total assets in Sint-Genesius-Rode, Accommodation and food service sector
Equity
-€726,095▼ 47.1%
2023 · -€493,484
Total assets
€683,029▼ 5.7%
2023 · €724,332
Net result
-€232,612
2023 · €20,569
Working capital
€285,905▼ 32.0%
2023 · €420,722
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€56,473▲ 67.6%-€52,863▲ 6.4%-€203,597▼ 285%€30,213-€221,110
Net result-€65,164▲ 65.6%-€62,684▲ 3.8%-€215,642▼ 244%€20,569-€232,612
Equity-€235,727▼ 38.2%-€298,411▼ 26.6%-€514,053▼ 72.3%-€493,484▲ 4.0%-€726,095▼ 47.1%
Total assets€528,659▲ 24.1%€562,568▲ 6.4%€554,174▼ 1.5%€724,332▲ 30.7%€683,029▼ 5.7%
Debt€764,386▲ 28.2%€860,979▲ 12.6%€1.1m▲ 24.1%€1.2m▲ 14.0%€1.4m▲ 15.7%
Working capital-€37,100-€106,151▼ 186%-€346,347▼ 226%€420,722€285,905▼ 32.0%
Staff (FTE)1.1▼ 8.3%1▼ 9.1%1=1=1.2▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -244%, Equity -72% on 2021. Cause not known from the registers.
- 2020 Net result +66% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €221,110 after €30,213 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €683,029
Fixed assets
€208,566 ▼ 13.7%
Current assets
€474,464 ▼ 1.7%
Key figures and ratios
EBITDA
-€164,893▼
2023 · €72,615
Cash flow
-€176,395▼
2023 · €62,971
Solvency
-106.3%▼
2023 · -68.1%
Current ratio
2.52▼
2023 · 7.80
Quick ratio
0.54▼
2023 · 1.02
Debt to equity
-1.94▲
2023 · -2.47
ROA
-34.1%▼
2023 · 2.8%
Interest coverage
-14.17▼
2023 · 6.73
Debt ≤ 1 year
€188,559▲
2023 · €61,878
Debt > 1 year
€1.2m▲
2023 · €1.2m
Staff costs
€64,200▲
2023 · €52,423
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,035 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €41,653 | €52,060 | €52,423 | €64,200 | ▲ 22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,958 | €38,065 | €41,763 | €42,401 | €56,217 | ▲ 32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,209 | - | - | - |
| Other operating charges640/8 | - | €1,239 | €1,541 | €1,378 | €3,817 | ▲ 177% |
| Gross operating margin9900 | €10,506 | €28,094 | -€107,024 | €126,415 | -€96,877 | ▼ 177% |
| Operating profit (loss)9901 | -€56,473 | -€52,863 | -€203,597 | €30,213 | -€221,110 | ▼ 832% |
| Financial income75/76B | - | €3 | €5 | €1,138 | €134 | ▼ 88.2% |
| Recurring financial income75 | €16 | €3 | €5 | €1,138 | €134 | ▼ 88.2% |
| Financial charges65/66B | - | €9,824 | €12,050 | €10,782 | €11,636 | ▲ 7.9% |
| Recurring financial charges65 | €8,708 | €9,824 | €12,050 | €10,782 | €11,636 | ▲ 7.9% |
| Profit (loss) for the period before taxes9903 | -€65,164 | -€62,684 | -€215,642 | €20,569 | -€232,612 | ▼ 1,231% |
| Profit (loss) for the period9904 | -€65,164 | -€62,684 | -€215,642 | €20,569 | -€232,612 | ▼ 1,231% |
| Profit (loss) for the period to be appropriated9905 | -€65,164 | -€62,684 | -€215,642 | €20,569 | -€232,612 | ▼ 1,231% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €528,659 | €562,568 | €554,174 | €724,332 | €683,029 | ▼ 5.7% |
| Fixed assets21/28 | €278,595 | €253,995 | €244,301 | €241,732 | €208,566 | ▼ 13.7% |
| Intangible fixed assets21 | €5,532 | €2,930 | €1,228 | €29,711 | €25,288 | ▼ 14.9% |
| Tangible fixed assets22/27 | €250,563 | €228,566 | €215,573 | €184,521 | €155,778 | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €191,233 | €168,655 | €142,352 | €113,615 | ▼ 20.2% |
| Furniture and vehicles24 | - | €29,877 | €28,332 | €25,902 | €28,214 | ▲ 8.9% |
| Other tangible fixed assets26 | - | €7,456 | €18,585 | €16,267 | €13,949 | ▼ 14.2% |
| Financial fixed assets28 | €22,500 | €22,500 | €27,500 | €27,500 | €27,500 | = |
| Current assets29/58 | €250,064 | €308,572 | €309,873 | €482,600 | €474,464 | ▼ 1.7% |
| Stocks and contracts in progress3 | €165,492 | €283,985 | €261,434 | €419,315 | €373,124 | ▼ 11.0% |
| Stocks30/36 | - | €283,985 | €261,434 | €419,315 | €373,124 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €16,207 | €11,410 | €23,842 | €35,981 | €90,840 | ▲ 152% |
| Trade receivables40 | - | €11,410 | €17,792 | €25,114 | €90,840 | ▲ 262% |
| Other amounts receivable41 | - | - | €6,050 | €10,867 | - | - |
| Cash at bank and in hand54/58 | €39,449 | €12,925 | €24,597 | €27,304 | €10,429 | ▼ 61.8% |
| Deferred charges and accrued income490/1 | - | €252 | - | - | €71 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €528,659 | €562,568 | €554,174 | €724,332 | €683,029 | ▼ 5.7% |
| Equity10/15 | -€235,727 | -€298,411 | -€514,053 | -€493,484 | -€726,095 | ▼ 47.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€254,327 | -€317,011 | -€532,653 | -€512,084 | -€744,695 | ▼ 45.4% |
| Amounts payable17/49 | €764,386 | €860,979 | €1.1m | €1.2m | €1.4m | ▲ 15.7% |
| Amounts payable after more than one year17 | €477,222 | €446,255 | €412,007 | €1.2m | €1.2m | ▲ 5.6% |
| Financial debts170/4 | - | €131,255 | €97,007 | €62,441 | €27,069 | ▼ 56.6% |
| Other amounts payable178/9 | - | €315,000 | €315,000 | €1.1m | €1.2m | ▲ 9.1% |
| Amounts payable within one year42/48 | €287,163 | €414,723 | €656,220 | €61,878 | €188,559 | ▲ 205% |
| Current portion of amounts payable after more than one year42 | - | €41,981 | €34,249 | €34,566 | €35,372 | ▲ 2.3% |
| Financial debts43 | - | €39,079 | - | - | €25,194 | - |
| Credit institutions430/8 | - | €39,079 | - | - | €25,194 | - |
| Trade debts44 | €57,976 | €49,673 | €186,079 | €11,869 | €114,220 | ▲ 862% |
| Suppliers440/4 | - | €49,673 | €186,079 | €11,869 | €114,220 | ▲ 862% |
| Taxes, remuneration and social security45 | - | €8,954 | €12,014 | €8,634 | €9,058 | ▲ 4.9% |
| Taxes450/3 | - | €2,238 | €4,474 | - | €1,145 | - |
| Remuneration and social security454/9 | - | €6,716 | €7,540 | €8,634 | €7,912 | ▼ 8.4% |
| Other amounts payable47/48 | - | €275,036 | €423,878 | €6,809 | €4,715 | ▼ 30.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,164 | -€62,684 | -€215,642 | €20,569 | -€232,612 | ▼ 1,231% |
| + Depreciation and write-downs630 | €37,958 | €38,065 | €41,763 | €42,401 | €56,217 | ▲ 32.6% |
| Operating cash flow (approximation) | -€27,206 | -€24,619 | -€173,879 | €62,971 | -€176,395 | ▼ 380% |
| Investment in fixed assets (approximation) | - | -€13,466 | -€32,069 | -€39,832 | -€23,050 | ▲ 42.1% |
| Change in cash | - | -€26,524 | €11,672 | €2,707 | -€16,875 | ▼ 723% |
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
2026
23-09
State Gazette act
Appointments: Ali Mezher (director) and Michael Schayer (director)3 facts ▸
State Gazette act
Appointments: Ali Mezher (director) and Michael Schayer (director)
3 facts ▸
- General meeting, 01-08-2026
- Director appointment, Ali Mezher (director)
- Director appointment, Michael Schayer (director)
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet -€232,612
Net result drops to -€232,612, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €20,569
Net result €20,569 after 4 loss-making years.
31-12
Financial
Liquidity times 17current ratio 7.80
Current ratio from 0.47 to 7.80; short-term debt falls from €656,220 to €61,878.
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 13 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 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
Ali Mezher
CurrentDirector · since 01-08-2026
Michael Schayer
CurrentDirector · since 01-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 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, Sint-Genesius-Rode · 1 establishment unit since 2018
Ground area
3,004 m²
Building footprint
996 m²
Volume, LiDAR
6,451 m³
2 parcels, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
33 SPRL
since 20182.279.444.075
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552G0003/00S009 | Flanders | 2,413 m² | 1 · 501 m² | 14.3 m · 2 fl. |
| 22004C0835/00R000 | Flanders | 590 m² | 1 · 495 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Ali Mezher |
|
| Michael Schayer |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Genesius-Rode/Rhode-Saint-Genèse2.279.444.075
Legal Entity Identifier
875500MM5E6Y7QVWTB14
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700272890
Also
9925:BE0700272890
Registered
05-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.