AKMARATHON
ActiveSummary
The computed 12-month bankruptcy probability of AKMARATHON is 11.9% (high). The 2024 annual accounts show negative equity (-€63,432) and a net result of -€57,132. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 18940 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-14
Solvency0▼-22
Growth32=
Track record100
Bankruptcy probability, 12 months
11.9%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.83 in 2023; short-term debt: 42.7% of total assets), and equity is negative.
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Signals
Six 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 · 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 · 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
-49.9%
Return on assets
-44.9%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€63,432
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d early
2022
17 d late
2021
2 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 4 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
Equity
-€63,432▼ 1,125%
2023 · -€5,176
Total assets
€127,132▼ 19.9%
2023 · €158,770
Net result
-€57,132▼ 219%
2023 · -€17,929
Working capital
-€48,684▼ 671%
2023 · -€6,318
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
Line2021202220232024
Operating result-€1,253-€15,995-€8,645-€48,120▼ 457%
Net result-€6,808below the sector's middle half-€7,589within the sector's middle half-€17,929below the sector's middle half-€57,132below the sector's middle half▼ 219%
Equity€7,413within the sector's middle half-€13,878within the sector's middle half▲ 87.2%-€5,176below the sector's middle half-€63,432below the sector's middle half▼ 1,125%
Total assets€210,954within the sector's middle half-€189,341within the sector's middle half▼ 10.2%€158,770within the sector's middle half▼ 16.1%€127,132within the sector's middle half▼ 19.9%
Debt€203,541-€175,463▼ 13.8%€163,946▼ 6.6%€190,564▲ 16.2%
Working capital€11,148within the sector's middle half-€15,345within the sector's middle half▲ 37.6%-€6,318within the sector's middle half-€48,684below the sector's middle half▼ 671%
Solvency3.5%within the sector's middle half-7.3%within the sector's middle half▲ 3.8pp-3.3%within the sector's middle half▼ 10.6pp-49.9%below the sector's middle half▼ 46.6pp
Current ratio1.33within the sector's middle half-1.63within the sector's middle half▲ 0.300.83within the sector's middle half▼ 0.800.10below the sector's middle half▼ 0.72
Return on assets (ROA)-3.2%below the sector's middle half-4.0%within the sector's middle half▲ 7.2pp-11.3%below the sector's middle half▼ 15.3pp-44.9%below the sector's middle half▼ 33.6pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48,120 in 2024 against €8,645 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127,132
Fixed assets
€121,489 ▼ 5.7%
Current assets
€5,643 ▼ 81.2%
Key figures and ratios
EBITDA
-€26,245▼
2023 · €12,028
Cash flow
-€35,257▼
2023 · €2,744
Quick ratio
0.08▼
2023 · 0.78
Debt to equity
-3.00▲
2023 · -31.67
Interest coverage
-2.50▼
2023 · 1.09
Debt ≤ 1 year
€54,327▲
2023 · €36,255
Debt > 1 year
€135,681▲
2023 · €127,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% 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
7.3%
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 higher bankruptcy probability: 11.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,038 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,760 | €20,309 | €20,673 | €21,875 | ▲ 5.8% |
| Other operating charges640/8 | €4,492 | €914 | €958 | €2,633 | ▲ 175% |
| Non-recurring operating charges66A | €145 | - | - | - | - |
| Gross operating margin9900 | €12,144 | €37,218 | €12,986 | -€23,612 | ▼ 282% |
| Operating profit (loss)9901 | -€1,253 | €15,995 | -€8,645 | -€48,120 | ▼ 457% |
| Financial income75/76B | €647 | €1,809 | €1,901 | €1,492 | ▼ 21.5% |
| Recurring financial income75 | €647 | €1,809 | €1,901 | €1,492 | ▼ 21.5% |
| Financial charges65/66B | €6,181 | €9,912 | €11,059 | €10,503 | ▼ 5.0% |
| Recurring financial charges65 | €6,181 | €9,912 | €11,059 | €10,503 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | -€6,787 | €7,892 | -€17,803 | -€57,132 | ▼ 221% |
| Income taxes67/77 | €21 | €303 | €126 | - | - |
| Profit (loss) for the period9904 | -€6,808 | €7,589 | -€17,929 | -€57,132 | ▼ 219% |
| Profit (loss) for the period to be appropriated9905 | -€6,808 | €7,589 | -€17,929 | -€57,132 | ▼ 219% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €210,954 | €189,341 | €158,770 | €127,132 | ▼ 19.9% |
| Fixed assets21/28 | €165,564 | €149,506 | €128,833 | €121,489 | ▼ 5.7% |
| Intangible fixed assets21 | €80,042 | €71,542 | €63,042 | €54,542 | ▼ 13.5% |
| Tangible fixed assets22/27 | €71,923 | €64,365 | €52,192 | €53,348 | ▲ 2.2% |
| Furniture and vehicles24 | - | €585 | €461 | €337 | ▼ 27.0% |
| Leasing and similar rights25 | €71,923 | €60,600 | €49,277 | €37,954 | ▼ 23.0% |
| Other tangible fixed assets26 | - | €3,180 | €2,454 | €15,058 | ▲ 514% |
| Financial fixed assets28 | €13,599 | €13,599 | €13,599 | €13,599 | = |
| Current assets29/58 | €45,390 | €39,835 | €29,937 | €5,643 | ▼ 81.2% |
| Stocks and contracts in progress3 | €1,919 | €1,529 | €1,693 | €1,350 | ▼ 20.2% |
| Stocks30/36 | €1,919 | €1,529 | €1,693 | €1,350 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €15,498 | €19,023 | €21,586 | - | - |
| Trade receivables40 | €12,121 | €4,695 | €7,296 | - | - |
| Other amounts receivable41 | €3,377 | €14,328 | €14,290 | - | - |
| Cash at bank and in hand54/58 | €24,685 | €13,592 | €3,294 | - | - |
| Deferred charges and accrued income490/1 | €3,288 | €5,691 | €3,364 | €4,293 | ▲ 27.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €210,954 | €189,341 | €158,770 | €127,132 | ▼ 19.9% |
| Equity10/15 | €7,413 | €13,878 | -€5,176 | -€63,432 | ▼ 1,125% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,808 | €781 | -€17,148 | -€74,279 | ▼ 333% |
| Investment grants15 | €8,021 | €6,897 | €5,772 | €4,648 | ▼ 19.5% |
| Amounts payable17/49 | €203,541 | €175,463 | €163,946 | €190,564 | ▲ 16.2% |
| Amounts payable after more than one year17 | €169,299 | €149,214 | €127,691 | €135,681 | ▲ 6.3% |
| Financial debts170/4 | €169,299 | €149,214 | €127,691 | €135,681 | ▲ 6.3% |
| Amounts payable within one year42/48 | €34,242 | €24,490 | €36,255 | €54,327 | ▲ 49.8% |
| Current portion of amounts payable after more than one year42 | €19,550 | €18,508 | €21,523 | €26,834 | ▲ 24.7% |
| Financial debts43 | - | - | - | €3,342 | - |
| Credit institutions430/8 | - | - | - | €3,342 | - |
| Trade debts44 | €11,029 | €2,878 | €6,362 | €8,153 | ▲ 28.2% |
| Suppliers440/4 | €11,029 | €2,878 | €6,362 | €8,153 | ▲ 28.2% |
| Advances received on contracts in progress46 | €479 | - | €879 | €879 | = |
| Taxes, remuneration and social security45 | €3,184 | €3,104 | €7,491 | €10,125 | ▲ 35.2% |
| Taxes450/3 | €3,184 | €3,104 | €4,611 | €3,778 | ▼ 18.1% |
| Remuneration and social security454/9 | - | - | €2,880 | €6,347 | ▲ 120% |
| Other amounts payable47/48 | - | - | - | €4,995 | - |
| Accrued charges and deferred income492/3 | - | €1,759 | - | €556 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,808 | €7,589 | -€17,929 | -€57,132 | ▼ 219% |
| + Depreciation and write-downs630 | €8,760 | €20,309 | €20,673 | €21,875 | ▲ 5.8% |
| Operating cash flow (approximation) | €1,952 | €27,898 | €2,744 | -€35,257 | ▼ 1,385% |
| Investment in fixed assets (approximation) | - | -€4,251 | €0 | -€14,531 | - |
| Change in cash | - | -€11,093 | -€10,298 | - | - |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€57,132
Net result drops to -€57,132, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Back to profitnet €7,589
Net result €7,589 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2020
Ground area
193 m²
Building footprint
111 m²
Volume, LiDAR
1,227 m³
Parcel 21447B0306/00G017, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
AKMARATHON
since 20202.307.192.609
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00G017 | Brussels | 193 m² | 1 · 111 m² | 17.5 m · 5 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.
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 7,976 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754680784
Also
9925:BE0754680784
Registered
24-11-2025
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.