4 A D
ActiveSummary
4 A D has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €551,096 and a net result of -€50,233. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 92% of 3762 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-15
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 4.31 in 2024; short-term debt: 16.1% and cash: 33.7% of total assets), and 19% of the assets are financed with debt.
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Signals
Five 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
81%
Return on assets
-7.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-03-2026, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
114 d early
2023
107 d early
2022
132 d early
2021
128 d early
2020
81 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 106 days before 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 (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. Usually files around 25 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€551,096▼ 15.6%
2024 · €652,935
Total assets
€680,513▼ 13.4%
2024 · €786,110
Net result
-€50,233
2024 · €40,065
Working capital
€240,380▼ 25.9%
2024 · €324,575
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,741▲ 169%-€21,486€101,414€41,149▼ 59.4%-€50,241
Net result€31,807within the sector's middle half▲ 204%-€23,342below the sector's middle half€99,207above the sector's middle half€40,065within the sector's middle half▼ 59.6%-€50,233below the sector's middle half
Equity€624,384above the sector's middle half▲ 2.2%€583,703above the sector's middle half▼ 6.5%€638,417above the sector's middle half▲ 9.4%€652,935above the sector's middle half▲ 2.3%€551,096above the sector's middle half▼ 15.6%
Total assets€756,284within the sector's middle half▼ 2.8%€728,374within the sector's middle half▼ 3.7%€784,499within the sector's middle half▲ 7.7%€786,110within the sector's middle half▲ 0.2%€680,513within the sector's middle half▼ 13.4%
Debt€131,900▼ 20.9%€144,672▲ 9.7%€146,082▲ 1.0%€133,175▼ 8.8%€129,417▼ 2.8%
Working capital€226,611above the sector's middle half▲ 17.8%€186,973above the sector's middle half▼ 17.5%€295,311above the sector's middle half▲ 57.9%€324,575above the sector's middle half▲ 9.9%€240,380above the sector's middle half▼ 25.9%
Solvency82.6%above the sector's middle half▲ 4.0pp80.1%above the sector's middle half▼ 2.4pp81.4%above the sector's middle half▲ 1.2pp83.1%above the sector's middle half▲ 1.7pp81.0%above the sector's middle half▼ 2.1pp
Current ratio3.99above the sector's middle half▲ 1.122.84above the sector's middle half▼ 1.143.79above the sector's middle half▲ 0.944.31above the sector's middle half▲ 0.523.19above the sector's middle half▼ 1.11
Return on assets (ROA)4.2%within the sector's middle half▲ 2.9pp-3.2%below the sector's middle half▼ 7.4pp12.6%within the sector's middle half▲ 15.9pp5.1%within the sector's middle half▼ 7.5pp-7.4%below the sector's middle half▼ 12.5pp
Staff (FTE)6.3within the sector's middle half▼ 4.5%6.8within the sector's middle half▲ 7.9%6.8within the sector's middle half=6.9within the sector's middle half▲ 1.5%6.2within the sector's middle half▼ 10.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50,241 after €41,149 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €680,513
Fixed assets
€330,562 ▼ 9.0%
Current assets
€349,951 ▼ 17.2%
Equity and liabilities €680,513
Equity
€551,096 ▼ 15.6%
Debt
€129,417 ▼ 2.8%
Debt's share of the balance-sheet total rises from 16.9% to 19.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€58,273▼
2024 · €127,417
Cash flow
€58,281▼
2024 · €126,333
Quick ratio
3.07▼
2024 · 4.16
Debt to equity
0.23▲
2024 · 0.20
ROE
-9.1%▼
2024 · 6.1%
Interest coverage
32.36▼
2024 · 70.13
Debt ≤ 1 year
€109,571▲
2024 · €98,196
Staff costs
€476,626▲
2024 · €441,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €370,848 | €411,584 | €441,365 | €476,626 | ▲ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,242 | €68,059 | €64,936 | €86,268 | €108,514 | ▲ 25.8% |
| Other operating charges640/8 | - | €6,651 | €6,238 | €10,219 | €10,788 | ▲ 5.6% |
| Gross operating margin9900 | €438,709 | €424,072 | €584,172 | €579,001 | €545,687 | ▼ 5.8% |
| Operating profit (loss)9901 | €33,741 | -€21,486 | €101,414 | €41,149 | -€50,241 | ▼ 222% |
| Financial income75/76B | - | €7 | €7 | €733 | €1,809 | ▲ 147% |
| Recurring financial income75 | €138 | €7 | €7 | €733 | €1,809 | ▲ 147% |
| Financial charges65/66B | - | €1,863 | €2,214 | €1,817 | €1,801 | ▼ 0.9% |
| Recurring financial charges65 | €2,072 | €1,863 | €2,214 | €1,817 | €1,801 | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | €31,807 | -€23,342 | €99,207 | €40,065 | -€50,233 | ▼ 225% |
| Profit (loss) for the period9904 | €31,807 | -€23,342 | €99,207 | €40,065 | -€50,233 | ▼ 225% |
| Profit (loss) for the period to be appropriated9905 | €31,807 | -€23,342 | €99,207 | €40,065 | -€50,233 | ▼ 225% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €756,284 | €728,374 | €784,499 | €786,110 | €680,513 | ▼ 13.4% |
| Fixed assets21/28 | €453,832 | €440,058 | €383,287 | €363,339 | €330,562 | ▼ 9.0% |
| Tangible fixed assets22/27 | €453,197 | €439,473 | €382,703 | €362,754 | €329,977 | ▼ 9.0% |
| Land and buildings22 | - | €394,401 | €343,845 | €293,290 | €242,735 | ▼ 17.2% |
| Plant, machinery and equipment23 | - | €42,394 | €37,035 | €65,159 | €67,007 | ▲ 2.8% |
| Furniture and vehicles24 | - | €2,678 | €1,822 | €4,305 | €20,235 | ▲ 370% |
| Financial fixed assets28 | €635 | €585 | €585 | €585 | €585 | = |
| Current assets29/58 | €302,452 | €288,317 | €401,212 | €422,771 | €349,951 | ▼ 17.2% |
| Stocks and contracts in progress3 | €8,635 | €10,270 | €11,055 | €14,201 | €13,125 | ▼ 7.6% |
| Stocks30/36 | - | €10,270 | €11,055 | €14,201 | €13,125 | ▼ 7.6% |
| Amounts receivable within one year40/41 | €88,756 | €94,386 | €85,041 | €111,469 | €97,475 | ▼ 12.6% |
| Trade receivables40 | - | €10,525 | €14,214 | €31,737 | €12,701 | ▼ 60.0% |
| Other amounts receivable41 | - | €83,861 | €70,827 | €79,732 | €84,775 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €199,938 | €177,830 | €297,470 | €288,108 | €229,033 | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | €5,831 | €7,645 | €8,994 | €10,318 | ▲ 14.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €756,284 | €728,374 | €784,499 | €786,110 | €680,513 | ▼ 13.4% |
| Equity10/15 | €624,384 | €583,703 | €638,417 | €652,935 | €551,096 | ▼ 15.6% |
| Profit (loss) carried forward14 | €277,388 | €254,046 | €353,253 | €393,318 | €343,085 | ▼ 12.8% |
| Investment grants15 | - | €329,656 | €285,164 | €259,617 | €208,011 | ▼ 19.9% |
| Amounts payable17/49 | €131,900 | €144,672 | €146,082 | €133,175 | €129,417 | ▼ 2.8% |
| Amounts payable after more than one year17 | €45,263 | €30,515 | €15,430 | - | - | - |
| Financial debts170/4 | - | €30,515 | €15,430 | - | - | - |
| Amounts payable within one year42/48 | €75,842 | €101,344 | €105,900 | €98,196 | €109,571 | ▲ 11.6% |
| Current portion of amounts payable after more than one year42 | - | €14,748 | €15,086 | €15,430 | - | - |
| Trade debts44 | €22,830 | €38,821 | €37,563 | €31,409 | €53,510 | ▲ 70.4% |
| Suppliers440/4 | - | €38,821 | €37,563 | €31,409 | €53,510 | ▲ 70.4% |
| Taxes, remuneration and social security45 | - | €45,075 | €50,252 | €48,157 | €52,761 | ▲ 9.6% |
| Taxes450/3 | - | €5,018 | €6,924 | €2,150 | €2,219 | ▲ 3.2% |
| Remuneration and social security454/9 | - | €40,057 | €43,327 | €46,007 | €50,542 | ▲ 9.9% |
| Accrued charges and deferred income492/3 | - | €12,813 | €24,752 | €34,978 | €19,846 | ▼ 43.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,807 | -€23,342 | €99,207 | €40,065 | -€50,233 | ▼ 225% |
| + Depreciation and write-downs630 | €58,242 | €68,059 | €64,936 | €86,268 | €108,514 | ▲ 25.8% |
| Operating cash flow (approximation) | €90,049 | €44,717 | €164,143 | €126,333 | €58,281 | ▼ 53.9% |
| Investment in fixed assets (approximation) | - | -€54,285 | -€8,165 | -€66,319 | -€75,737 | ▼ 14.2% |
| Change in cash | - | -€22,107 | €119,640 | -€9,363 | -€59,075 | ▼ 531% |
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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€50,233
Net result drops to -€50,233, the lowest in the series.
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €99,207
Net result €99,207 after one loss-making year.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €610,903 ▲26.5%
3 profitable years in a row build equity to €610,903.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
27-03
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.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Diksmuide · 1 establishment unit since 2007
Ground area
220 m²
Building footprint
212 m²
Volume, LiDAR
1,124 m³
Parcel 32003A0382/00D002, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
4 A D vzw
since 20072.160.226.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32003A0382/00D002 | Flanders | 220 m² | 1 · 212 m² | 11.6 m · 1 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 2,046,672 EUR awarded · 1,993,293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 537,556 EUR | 536,601 EUR |
| 2024 | 2 | 551,625 EUR | 545,468 EUR |
| 2023 | 3 | 526,630 EUR | 522,194 EUR |
| 2022 | 1 | 430,861 EUR | 389,030 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteDiksmuide2.160.226.127
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 1,896 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded10-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
90393Specialised image, lighting and sound technical services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433573370
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.