@4
ActiveSummary
The computed 12-month bankruptcy probability of @4 is 1.5% (moderate). The 2025 annual accounts show equity of €5,109 and a net result of €6,696. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 33% of 17,021 sector peers (NACE 56, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-12-2013 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment unit
- 2.225.299.665 9630 Zwalm, since 01-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Board and ownership
- Abbeloos CarloDirector
- Defrancq MaaikeDirector
- Carlo Abbeloos25%annual accounts 2016
- Katia Vogeleer25%annual accounts 2016
- Luc Willems25%annual accounts 2016
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €11,329
- ▲ 301%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €6,696
- ▲ 71×
- Equity
- €5,109
- Total assets
- €53,965
- ▲ 10.4%
- 2025 accounts filed 53 days after the deadline
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 53 days late; 1 of the last 3 accounts lateSize: total assets €53,965lowers riskFounded in 2013Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 33% of them on solvency, 39% on liquidity, 72% on profitability and 97% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 53 days after the deadline Filed on 22 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00521121.
Annual accounts 2025 filed on 22-09-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is nearly 6.2 times that of 2024 and the highest since 2018. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €14,196 | €4,365 |
| Intangible fixed assets | - | - | - | €15,000 | - |
| Depreciation and write-downs of the year | - | - | - | €1,190 | €3,983 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,215 | €9,562 | €8,233 | - | - | - | €1,190 | €3,983 | ▲ 235% |
| Other operating charges640/8 | - | - | - | €141 | €646 | €940 | €528 | €544 | ▲ 3.0% |
| Gross operating margin9900 | €28,889 | €13,909 | -€6,200 | -€1,855 | -€1,143 | -€1,500 | €2,822 | €11,329 | ▲ 301% |
| Operating profit (loss)9901 | -€4,389 | -€17,607 | -€19,681 | -€1,996 | -€1,790 | -€2,440 | €1,105 | €6,803 | ▲ 516% |
| Financial income75/76B | - | - | - | - | €0 | €0 | €9 | €81 | ▲ 828% |
| Recurring financial income75 | - | €5 | - | - | €0 | €0 | €9 | €81 | ▲ 828% |
| Financial charges65/66B | - | - | - | €206 | €157 | €146 | €1,019 | €189 | ▼ 81.5% |
| Recurring financial charges65 | €430 | €464 | €422 | €206 | €157 | €146 | €1,019 | €189 | ▼ 81.5% |
| Profit (loss) for the period before taxes9903 | -€4,819 | -€18,065 | €7,043 | -€2,202 | -€1,947 | -€2,587 | €95 | €6,696 | ▲ 71× |
| Profit (loss) for the period9904 | -€4,819 | -€18,065 | €7,043 | -€2,202 | -€1,947 | -€2,587 | €95 | €6,696 | ▲ 71× |
| Profit (loss) for the period to be appropriated9905 | -€4,819 | -€18,065 | €7,043 | -€2,202 | -€1,947 | -€2,587 | €95 | €6,696 | ▲ 71× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €40,835 | €31,975 | €17,324 | €10,897 | €5,802 | €3,578 | €48,890 | €53,965 | ▲ 10.4% |
| Fixed assets21/28 | €27,489 | €17,927 | - | - | - | - | €28,007 | €28,389 | ▲ 1.4% |
| Intangible fixed assets21 | - | - | - | - | - | - | €14,244 | €12,744 | ▼ 10.5% |
| Tangible fixed assets22/27 | €27,439 | €17,877 | - | - | - | - | €13,763 | €15,645 | ▲ 13.7% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €4,748 | €7,705 | ▲ 62.3% |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €764 | - |
| Other tangible fixed assets26 | - | - | - | - | - | - | €9,015 | €7,175 | ▼ 20.4% |
| Financial fixed assets28 | €50 | €50 | - | - | - | - | - | - | - |
| Current assets29/58 | €13,346 | €14,048 | €17,324 | €10,897 | €5,802 | €3,578 | €20,883 | €25,576 | ▲ 22.5% |
| Stocks and contracts in progress3 | €2,193 | €788 | - | - | - | - | €3,485 | €5,549 | ▲ 59.2% |
| Stocks30/36 | - | - | - | - | - | - | €3,485 | €5,549 | ▲ 59.2% |
| Amounts receivable within one year40/41 | €3,435 | €7,513 | €1,496 | €520 | €353 | €359 | €74 | €1,198 | ▲ 16× |
| Other amounts receivable41 | - | - | - | €520 | €353 | €359 | €74 | €1,198 | ▲ 16× |
| Cash at bank and in hand54/58 | €7,718 | €5,747 | €15,827 | €10,377 | €5,449 | €3,219 | €17,324 | €18,829 | ▲ 8.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €40,835 | €31,975 | €17,324 | €10,897 | €5,802 | €3,578 | €48,890 | €53,965 | ▲ 10.4% |
| Equity10/15 | €16,076 | -€1,989 | €5,054 | €2,852 | €905 | -€1,681 | -€1,587 | €5,109 | - |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €2,345 | €2,345 | €2,345 | €2,345 | €2,345 | €2,345 | €2,345 | €2,345 | = |
| Non-distributable reserves130/1 | - | - | - | €186 | €186 | €186 | €186 | €186 | = |
| Reserves not available under the articles1311 | - | - | - | €186 | €186 | €186 | €186 | €186 | = |
| Distributable reserves133 | - | - | - | €2,159 | €2,159 | €2,159 | €2,159 | €2,159 | = |
| Profit (loss) carried forward14 | -€4,819 | -€22,884 | -€15,841 | -€18,042 | -€19,989 | -€22,576 | -€22,481 | -€15,786 | ▲ 29.8% |
| Amounts payable17/49 | €24,759 | €33,965 | €12,270 | €8,045 | €4,897 | €5,260 | €50,476 | €48,856 | ▼ 3.2% |
| Amounts payable after more than one year17 | €8,700 | €5,376 | €1,997 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,059 | €28,589 | €10,273 | €8,045 | €4,897 | €5,260 | €50,476 | €48,856 | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,997 | - | - | - | - | - |
| Trade debts44 | €8,931 | €7,939 | €614 | €1,151 | €0 | €363 | €7,094 | €3,373 | ▼ 52.4% |
| Suppliers440/4 | - | - | - | €1,151 | €0 | €363 | €7,094 | €3,373 | ▼ 52.4% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €5,485 | €2,715 | ▼ 50.5% |
| Taxes450/3 | - | - | - | - | - | - | €3,290 | €2,715 | ▼ 17.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €2,195 | - | - |
| Other amounts payable47/48 | - | - | - | €4,897 | €4,897 | €4,897 | €37,897 | €42,767 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,819 | -€18,065 | €7,043 | -€2,202 | -€1,947 | -€2,587 | €95 | €6,696 | ▲ 71× |
| + Depreciation and write-downs630 | €17,215 | €9,562 | €8,233 | - | - | - | €1,190 | €3,983 | ▲ 235% |
| Operating cash flow (approximation) | €12,396 | -€8,503 | €15,276 | -€2,202 | -€1,947 | -€2,587 | €1,284 | €10,678 | ▲ 731% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | -€4,365 | - |
| Change in cash | - | -€1,971 | €10,080 | -€5,450 | -€4,929 | -€2,229 | €14,104 | €1,506 | ▼ 89.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,325 companies had the same profile as @4 has now. Two years later, 95.2% were still going and 1.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of @4 itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,325 companies, not a prediction for @4. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-09-2026 | 2026-00521121 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00412950 | |
| 31-12-2023 | micro format | 23-06-2024 | 2024-00154324 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00437735 | |
| 31-12-2021 | micro format | 28-09-2022 | 2022-20454201 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62000351 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66400423 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-58000548 | |
| 31-12-2017 | micro format | 20-06-2018 | 2018-20600427 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19700532 |
Board & ownership
Directors
Owners and capital
Shareholders
4 ownersOwners 4
- Carlo Abbeloosnatural personSourceown accounts 201625%
- Katia Vogeleernatural personSourceown accounts 201625%
- Luc Willemsnatural personSourceown accounts 201625%
- Maaike Defrancqnatural personSourceown accounts 201625%
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Abbeloos Carlo |
|
| Defrancq Maaike |
|
Network & group
Connections & network
2 current directorsThe network starts from the directors of @4. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45005A0142/00K000 | Flanders | 425 m² | 1 · 93 m² | 6.3 m · 1 |
| 45005A0157/00M000 | Flanders | 271 m² | 1 · 120 m² | 11.3 m · 3 |
2 of these parcels carry protected heritage. Expect extra rules on renovation or sale.