50° North
ActiveThe computed 12-month bankruptcy probability of 50° North is 2.5% (moderate). The 2025 annual accounts show equity of €561k and a net result of €20k. Equity is growing by ~40.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 13270 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-22
Solvency61▼-16
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.1 in 2024; short-term debt: 23.1% and cash: 2% of total assets), but 63.8% of the assets are financed with debt.
Credit advice 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
36.2%
Return on assets
1.3%
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 12-07-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
61 d late
2023
20 d early
2022
151 d late
2021
71 d late
2020
23 d late
2019
17 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k▼ 75.7%
2024 · €80k
2018: €11k
2019: €68k
2020: €-102k
2021: €51k
2022: €197k
2023: €189k
2024: €80k
2018 → 2025
Working capital
€237k▲ 368%
2024 · €51k
2018: €-297k
2019: €-201k
2020: €-135k
2021: €-102k
2022: €112k
2023: €271k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€273k▲ 260%€462k▲ 69.0%€542k▲ 17.4%€561k▲ 3.6%
Operating result€53k-€274k▲ 416%€275k▲ 0.4%€118k▼ 57.1%€43k▼ 63.8%
Net result€51k-€197k▲ 289%€189k▼ 4.5%€80k▼ 57.4%€20k▼ 75.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€955k▲ 91.0%
Current assets
€594k▲ 8.7%
Equity and liabilities €1.55M
Equity
€561k▲ 3.6%
Debt
€988k▲ 95.6%
The debt ratio rises from 48.2% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€163k▼
2024 · €200k
Cash flow
€140k▼
2024 · €162k
Solvency
36.2%▼
2024 · 51.8%
Current ratio
1.66▲
2024 · 1.10
Quick ratio
1.62▲
2024 · 1.06
Debt / equity
1.76▲
2024 · 0.93
ROE
3.5%▼
2024 · 14.8%
ROA
1.3%▼
2024 · 7.7%
Interest coverage
4.33▼
2024 · 23.72
Debt
€988k▲
2024 · €505k
Debt ≤ 1 year
€358k▼
2024 · €496k
Debt > 1 year
€630k▲
2024 · €9k
Income taxes
€0▼
2024 · €31k
Staff costs
€94k▼
2024 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.55M▲
Fixed assets21/28€500k€955k▲
Intangible fixed assets21€40k€39k▼
Tangible fixed assets22/27€399k€824k▲
Plant, machinery and equipment23€16k€16k▲
Furniture and vehicles24€972€5k▲
Other tangible fixed assets26€382k€803k▲
Financial fixed assets28€61k€91k▲
Current assets29/58€547k€594k▲
Stocks and contracts in progress3€19k€16k▼
Stocks30/36€19k€16k▼
Amounts receivable within one year40/41€262k€544k▲
Trade receivables40€262k€279k▲
Other amounts receivable41€0€265k▲
Cash at bank and in hand54/58€266k€31k▼
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.55M▲
Equity10/15€542k€561k▲
Contributions10/11€22k€22k=
Reserves13€0-
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Profit (loss) carried forward14€520k€539k▲
Amounts payable17/49€505k€988k▲
Amounts payable after more than one year17€9k€630k▲
Financial debts170/4€9k€630k▲
Amounts payable within one year42/48€496k€358k▼
Current portion of amounts payable after more than one year42€10k€68k▲
Financial debts43€0€50k▲
Credit institutions430/8€0€50k▲
Trade debts44€296k€180k▼
Suppliers440/4€296k€180k▼
Taxes, remuneration and social security45€130k€60k▼
Taxes450/3€88k€35k▼
Remuneration and social security454/9€42k€25k▼
Other amounts payable47/48€60k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€120k▲
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€329k€259k▼
Operating profit (loss)9901€118k€43k▼
Financial income75/76B€2k€14k▲
Recurring financial income75€2k€14k▲
Financial charges65/66B€8k€38k▲
Recurring financial charges65€8k€38k▲
Profit (loss) for the period before taxes9903€111k€20k▼
Income taxes67/77€31k€0▼
Profit (loss) for the period9904€80k€20k▼
Profit (loss) for the period to be appropriated9905€80k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€520k€539k▲
Profit (loss) brought forward from the previous period14P€440k€520k▲
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
12-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €500kEq €542k ▲17.4%
4 profitable years in a row build equity to €542k.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Highest result since 2018net €197k ▲289%
Net result €197k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.63 to 1.31.
31-12
Financial
Equity above €200kEq €273k ▲260%
2 profitable years in a row build equity to €273k.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 71 days late
2021
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-102k ▼250%
Net result drops to €-102k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
31-12
Financial
Equity above €100kEq €127k ▲115%
2 profitable years in a row build equity to €127k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2016
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.
Greepstraat 37-391000 BrusselGround area
174 m²
Building footprint
165 m²
Volume, LiDAR
1,760 m³
Parcel 21802B1366/00A000, Brussels · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CAFE GEORGETTE
since 20162.251.636.551
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1366/00A000 | Brussels | 174 m² | 1 · 165 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.251.636.551
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 5,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2016
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73200Market research and public opinion polling
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.