AL WARRAD
ActiveAL WARRAD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €52k. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 18941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+9
Solvency80▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.91 in 2023; short-term debt: 39.3% and cash: 30.8% of total assets), and 44.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 · 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
134 d late
2022
51 d late
2021
85 d late
2020
61 d late
2019
68 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€138k▲ 59.9%
2023 · €86k
2018: €2k
2019: €18k
2020: €35k
2021: €46k
2022: €60k
2023: €86k
2018 → 2024
Total assets
€248k▲ 32.2%
2023 · €188k
2018: €38k
2019: €55k
2020: €49k
2021: €80k
2022: €167k
2023: €188k
2018 → 2024
Net result
€52k▲ 98.5%
2023 · €26k
2018: €1k
2019: €15k
2020: €17k
2021: €11k
2022: €14k
2023: €26k
2018 → 2024
Working capital
€105k▲ 53.4%
2023 · €68k
2018: €-6k
2019: €6k
2020: €24k
2021: €38k
2022: €47k
2023: €68k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€46k▲ 32.6%€60k▲ 31.0%€86k▲ 43.2%€138k▲ 59.9%
Operating result€51k-€20k▼ 60.5%€26k▲ 32.3%€47k▲ 78.6%€75k▲ 58.1%
Net result€17k-€11k▼ 32.8%€14k▲ 26.0%€26k▲ 82.4%€52k▲ 98.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 58% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €248k
Fixed assets
€46k▲ 3.9%
Current assets
€202k▲ 40.9%
Equity and liabilities €248k
Equity
€138k▲ 59.9%
Debt
€111k▲ 8.8%
The debt ratio falls from 54.2% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€87k▲
2023 · €58k
Cash flow
€64k▲
2023 · €37k
Solvency
55.4%▲
2023 · 45.8%
Current ratio
2.07▲
2023 · 1.91
Quick ratio
2.01▲
2023 · 1.82
Debt / equity
0.80▼
2023 · 1.18
ROE
37.4%▲
2023 · 30.2%
ROA
20.7%▲
2023 · 13.8%
Interest coverage
42.96▲
2023 · 7.65
Debt
€111k▲
2023 · €102k
Debt ≤ 1 year
€98k▲
2023 · €75k
Debt > 1 year
€13k▼
2023 · €26k
Income taxes
€21k▲
2023 · €14k
Staff costs
€92k▼
2023 · €104k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€188k€248k▲
Fixed assets21/28€44k€46k▲
Tangible fixed assets22/27€37k€39k▲
Plant, machinery and equipment23€37k€26k▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26-€13k
Financial fixed assets28€7k€7k=
Current assets29/58€144k€202k▲
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€103k€119k▲
Trade receivables40-€576
Other amounts receivable41€103k€119k▲
Cash at bank and in hand54/58€34k€77k▲
Deferred charges and accrued income490/1€162€355▲
Equity and liabilities
Total equity and liabilities10/49€188k€248k▲
Equity10/15€86k€138k▲
Contributions10/11€19k€19k=
Reserves13€67k€119k▲
Distributable reserves133€67k€119k▲
Amounts payable17/49€102k€111k▲
Amounts payable after more than one year17€26k€13k▼
Financial debts170/4€26k€13k▼
Amounts payable within one year42/48€75k€98k▲
Current portion of amounts payable after more than one year42€10k€12k▲
Trade debts44€39k€37k▼
Suppliers440/4€39k€37k▼
Taxes, remuneration and social security45€27k€48k▲
Taxes450/3€19k€40k▲
Remuneration and social security454/9€9k€8k▼
Income statement
Code20232024
Remuneration, social security and pensions62€104k€92k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€1k€226▼
Gross operating margin9900€164k€180k▲
Operating profit (loss)9901€47k€75k▲
Financial income75/76B€78€11▼
Recurring financial income75€78€11▼
Financial charges65/66B€8k€2k▼
Recurring financial charges65€8k€2k▼
Profit (loss) for the period before taxes9903€40k€73k▲
Income taxes67/77€14k€21k▲
Profit (loss) for the period9904€26k€52k▲
Profit (loss) for the period to be appropriated9905€26k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€52k▲
Transfer to equity691/2€26k€52k▲
To other reserves6921€26k€52k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
31-12
Financial
Highest result since 2018net €52k ▲98.5%
Operating result €75k, net result €52k, both a record.
31-12
Financial
Equity above €100kEq €138k ▲59.9%
7 profitable years in a row build equity to €138k.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.72
Current ratio from 1.17 to 2.72; short-term debt falls from €36k to €14k.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Herk-de-Stad · 1 establishment unit since 2001
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.
Grote Baan 393540 Herk-de-StadGround area
109 m²
Building footprint
106 m²
Volume, LiDAR
714 m³
Parcel 71012A0310/00T000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
San George II
since 20012.098.191.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71012A0310/00T000 | Flanders | 109 m² | 1 · 106 m² | 11.2 m · 3 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 siteHerk-de-Stad2.098.191.954
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SATHI
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Somad Foodbar
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Of 21,911 companies in sector 56112 we hold annual accounts for 9,783. 7,383 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-06-2001
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.