Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €62,795 falls due within a year.
Lower net result than 95% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 9% of them on solvency, 10% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
In July 2024, 7,639 companies had the same profile as A Table ! has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of A Table ! itself: 7.0% within 12 months.
The method was tested on the 497,447 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 7,639 companies, not a prediction for A Table !. 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.
Liquidity is insufficient, with a current ratio of 0.47, below 1. Short-term debt is 139.3% and cash 8.4% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| A Table ! Liège | €45,073 | €39,833 | -87.2% | - |
| EVENZI Grâce-Hollogne | €52,195 | €43,280 | 59.2% | - |
| De Soepboerin Ravels | €51,095 | €42,713 | 26.7% | - |
| KABACLER Ghent | €48,526 | €36,680 | 60.2% | - |
| Eventicrew Berchem-Sainte-Agathe | €37,770 | €46,500 | -79.4% | - |
| Lauko Malle | €50,875 | €44,115 | 70.2% | - |
| VCSB Ans | €40,570 | €45,296 | -204.0% | - |
These companies have the same main activity as A Table !: event catering (NACE 56210). They are comparable in size and age: total assets between €37,800 and €52,200, founded between 2024 and 2025.
The computed 12-month bankruptcy probability of A Table ! is 7.0% (elevated). The 2025 annual accounts show negative equity (-€39,322) and a net result of -€60,522.
Its solvency ranks better than 11% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €140,000 and €270,000.
Higher than 11% of 17,158 companies in 2025.
Higher than 23% of 16,582 companies in 2025.
Lower than 95% of 16,665 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 8 people joined and 8 left.
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
45,073 | |
20 |
1,934 | |
21/28 |
13,430 | |
22/27 |
11,080 | |
23 |
11,080 | |
27 |
0 | |
28 |
2,350 | |
29/58 |
29,709 | |
3 |
3,198 | |
30/36 |
3,198 | |
40/41 |
21,022 | |
40 |
13,287 | |
41 |
7,735 | |
54/58 |
3,783 | |
490/1 |
1,706 | |
| Balance sheet: equity and liabilities | ||
10/49 |
45,073 | |
10/15 |
-39,322 | |
10/11 |
21,200 | |
14 |
-60,522 | |
17/49 |
84,395 | |
17 |
21,600 | |
178/9 |
21,600 | |
42/48 |
62,795 | |
44 |
38,017 | |
440/4 |
38,017 | |
45 |
24,678 | |
450/3 |
2,725 | |
454/9 |
21,953 | |
47/48 |
100 | |
| Income statement | ||
9900 |
39,833 | |
62 |
96,062 | |
630 |
3,243 | |
640/8 |
753 | |
66A |
0 | |
9901 |
-60,224 | |
75/76B |
10 | |
75 |
10 | |
65/66B |
307 | |
65 |
307 | |
9903 |
-60,522 | |
9904 |
-60,522 | |
9905 |
-60,522 | |
| Appropriation of the result | ||
9906 |
-60,522 | |
| Social balance sheet | ||
9087 |
2 | |
Hours worked1013 |
3,580 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443406.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00443406 |
| Line | Trend | 2025 |
|---|---|---|
| -56,982 | ||
| -57,280 | ||
| 15,452 | ||
| -33,086 | ||
| -87.2% | ||
| 0.47 | ||
| 0.42 | ||
| -134.3% | ||
| -185.31 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| 2 | |
| On a permanent contract | 2 |
| Joined | 8 |
| Left | 8 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 |
|---|---|
| Tangible fixed assets | €13,102 |
| Financial fixed assets | €2,350 |
| €3,243 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€84,395) exceeds the balance-sheet total (€45,073).
A Table ! has no parent and no holdings in its annual accounts. A Table ! shares no director with another company.
| COMPTOIR CITOYEN DES ENERGIES
establishment since 16-12-2022 · founded in 2012 |
11 FTE (2025) 0508.727.881 |
| SEACOOP
establishment since 01-09-2024 · founded in 2022 |
total assets €25.3m (2025) 0784.920.931 |
| SMARTIMMO
establishment since 31-07-2008 · founded in 2008 · negative equity (2025) |
12 FTE (2025) 0899.570.872 |
| NOVACITIS
registered office since 17-11-2017 · founded in 2017 |
total assets €4.1m (2025) 0684.774.270 |
| INDAO
registered office since 28-10-2002 · founded in 2002 |
17 FTE (2025) 0478.472.789 |
| Financité
registered office since 03-10-2012 · founded in 1987 |
18 FTE (2025) 0434.307.602 |
| iES!
registered office since 03-11-2022 · founded in 2022 |
2.9 FTE (2025) 0793.254.815 |
| Coopérative d’ÉneRgie Liégeoise Citoyenne
registered office since 15-01-2021 · founded in 2021 |
total assets €711,640 (2025) 0761.645.879 |
| Maison Wallonne Conciergerie
registered office since 19-07-2022 · founded in 2022 |
total assets €447,061 (2025) 0788.755.993 |
| Imagine COOP
registered office since 06-01-2003 · founded in 2003 |
total assets €306,306 (2025) 0479.486.737 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue de l'Académie 53 registered office 4000 Liège | 11-09-2024 | 2.366.555.124 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62802B0186/00T000 | 79 m² | 1 · 68 m² | 15.4 m · 4 |
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