Andi
Open bankruptcyFinancials · financial year 2024, abbreviated format
Equity
-€74,373
2023 · €8,571
Total assets
€461,269▼ 10.7%
2023 · €516,326
Net result
-€82,944▼ 32.1%
2023 · -€62,783
Working capital
-€297,432▼ 19.2%
2023 · -€249,552
Trend over the years
2020 to 2024, 5 financial years
The operating result stays negative: a loss of €67,506 in 2024 against €45,763 in 2023; the loss grows and 2024 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€67,506
2024
Net result-€82,944
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€461,269
2024
Equity-€74,373
2024
Debt€535,642
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€297,432
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-18.0%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-16.1%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.32
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)44.6
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,628-€79,483▲ 210%-€26,341-€45,763▼ 73.7%-€67,506▼ 47.5%
Net result€15,426within the sector's middle half-€69,927within the sector's middle half▲ 353%-€43,998below the sector's middle half-€62,783below the sector's middle half▼ 42.7%-€82,944below the sector's middle half▼ 32.1%
Equity€45,426within the sector's middle half-€115,352within the sector's middle half▲ 154%€71,354within the sector's middle half▼ 38.1%€8,571below the sector's middle half▼ 88.0%-€74,373below the sector's middle half
Total assets€514,533within the sector's middle half-€471,122within the sector's middle half▼ 8.4%€523,045within the sector's middle half▲ 11.0%€516,326within the sector's middle half▼ 1.3%€461,269within the sector's middle half▼ 10.7%
Debt€469,107-€355,770▼ 24.2%€451,691▲ 27.0%€507,755▲ 12.4%€535,642▲ 5.5%
Working capital-€174,355below the sector's middle half--€67,662below the sector's middle half▲ 61.2%-€168,248below the sector's middle half▼ 149%-€249,552below the sector's middle half▼ 48.3%-€297,432below the sector's middle half▼ 19.2%
Solvency8.8%within the sector's middle half-24.5%within the sector's middle half▲ 15.7pp13.6%within the sector's middle half▼ 10.8pp1.7%below the sector's middle half▼ 12.0pp-16.1%below the sector's middle half▼ 17.8pp
Current ratio0.43below the sector's middle half-0.63below the sector's middle half▲ 0.200.44below the sector's middle half▼ 0.190.36below the sector's middle half▼ 0.080.32below the sector's middle half▼ 0.04
Return on assets (ROA)3.0%within the sector's middle half-14.8%within the sector's middle half▲ 11.8pp-8.4%below the sector's middle half▼ 23.3pp-12.2%below the sector's middle half▼ 3.7pp-18.0%below the sector's middle half▼ 5.8pp
Staff (FTE)20.3above the sector's middle half-27above the sector's middle half▲ 33.0%42.8above the sector's middle half▲ 58.5%37.5above the sector's middle half▼ 12.4%44.6above the sector's middle half▲ 18.9%
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €461,269
Fixed assets
€319,393 ▼ 15.1%
Current assets
€141,876 ▲ 1.1%
Equity and liabilities
Equity-€74,373
Debt€535,642
Equity is negative: debt (€535,642) exceeds the balance-sheet total (€461,269).
Key figures and ratios
EBITDA
€15,493▼
2023 · €35,287
Cash flow
€55▼
2023 · €18,268
Quick ratio
0.28▼
2023 · 0.31
Interest coverage
0.94▼
2023 · 1.96
Debt ≤ 1 year
€439,308▲
2023 · €389,826
Debt > 1 year
€96,334▼
2023 · €116,276
Income taxes
€102▼
2023 · €207
Staff costs
€664,940▼
2023 · €747,786
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,483 | - |
| Remuneration, social security and pensions62 | - | - | €526,152 | €747,786 | €664,940 | ▼ 11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,358 | €57,909 | €68,445 | €81,051 | €82,999 | ▲ 2.4% |
| Other operating charges640/8 | - | - | €5,388 | €8,155 | €13,535 | ▲ 66.0% |
| Non-recurring operating charges66A | - | - | - | €3,399 | €0 | ▼ 100% |
| Gross operating margin9900 | €530,721 | €346,538 | €573,643 | €794,628 | €693,968 | ▼ 12.7% |
| Operating profit (loss)9901 | €25,628 | €79,483 | -€26,341 | -€45,763 | -€67,506 | ▼ 47.5% |
| Financial income75/76B | - | - | €744 | €1,227 | €1,120 | ▼ 8.7% |
| Recurring financial income75 | €1,530 | €10 | €744 | €1,227 | €1,120 | ▼ 8.7% |
| Financial charges65/66B | - | - | €18,316 | €18,040 | €16,456 | ▼ 8.8% |
| Recurring financial charges65 | €11,677 | €9,555 | €18,316 | €18,040 | €16,456 | ▼ 8.8% |
| Profit (loss) for the period before taxes9903 | €15,481 | €69,938 | -€43,914 | -€62,576 | -€82,842 | ▼ 32.4% |
| Income taxes67/77 | €55 | €12 | €84 | €207 | €102 | ▼ 50.8% |
| Profit (loss) for the period9904 | €15,426 | €69,927 | -€43,998 | -€62,783 | -€82,944 | ▼ 32.1% |
| Profit (loss) for the period to be appropriated9905 | €15,426 | €69,927 | -€43,998 | -€62,783 | -€82,944 | ▼ 32.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514,533 | €471,122 | €523,045 | €516,326 | €461,269 | ▼ 10.7% |
| Fixed assets21/28 | €383,286 | €355,708 | €391,012 | €376,051 | €319,393 | ▼ 15.1% |
| Intangible fixed assets21 | €1,352 | €982 | €612 | €242 | €1 | ▼ 99.6% |
| Tangible fixed assets22/27 | €375,927 | €348,720 | €389,643 | €375,053 | €318,636 | ▼ 15.0% |
| Plant, machinery and equipment23 | - | - | €108,477 | €93,826 | €67,071 | ▼ 28.5% |
| Furniture and vehicles24 | - | - | €87,229 | €73,255 | €61,611 | ▼ 15.9% |
| Other tangible fixed assets26 | - | - | €193,937 | €207,972 | €189,953 | ▼ 8.7% |
| Financial fixed assets28 | €6,006 | €6,006 | €756 | €756 | €756 | = |
| Current assets29/58 | €131,247 | €115,415 | €132,034 | €140,274 | €141,876 | ▲ 1.1% |
| Stocks and contracts in progress3 | €9,110 | €4,170 | €17,242 | €17,778 | €18,325 | ▲ 3.1% |
| Stocks30/36 | - | - | €17,242 | €17,778 | €18,325 | ▲ 3.1% |
| Amounts receivable within one year40/41 | €62,945 | €19,895 | €68,315 | €100,377 | €115,924 | ▲ 15.5% |
| Trade receivables40 | - | - | €53,323 | €84,838 | €49,974 | ▼ 41.1% |
| Other amounts receivable41 | - | - | €14,992 | €15,539 | €65,949 | ▲ 324% |
| Cash at bank and in hand54/58 | €58,899 | €83,901 | €37,953 | €18,666 | €3,330 | ▼ 82.2% |
| Deferred charges and accrued income490/1 | - | - | €8,524 | €3,453 | €4,297 | ▲ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514,533 | €471,122 | €523,045 | €516,326 | €461,269 | ▼ 10.7% |
| Equity10/15 | €45,426 | €115,352 | €71,354 | €8,571 | -€74,373 | - |
| Contributions10/11 | - | - | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €15,426 | €85,352 | €41,354 | €0 | - | - |
| Distributable reserves133 | - | - | €41,354 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | -€21,429 | -€104,373 | ▼ 387% |
| Amounts payable17/49 | €469,107 | €355,770 | €451,691 | €507,755 | €535,642 | ▲ 5.5% |
| Amounts payable after more than one year17 | €163,505 | €172,693 | €151,410 | €116,276 | €96,334 | ▼ 17.2% |
| Financial debts170/4 | - | - | €151,410 | €116,276 | €96,334 | ▼ 17.2% |
| Amounts payable within one year42/48 | €305,602 | €183,077 | €300,281 | €389,826 | €439,308 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | - | - | €40,478 | €35,134 | €19,942 | ▼ 43.2% |
| Financial debts43 | - | - | - | - | €19,821 | - |
| Credit institutions430/8 | - | - | - | - | €19,821 | - |
| Trade debts44 | €224,498 | €92,559 | €149,362 | €245,324 | €263,031 | ▲ 7.2% |
| Suppliers440/4 | - | - | €149,362 | €245,324 | €263,031 | ▲ 7.2% |
| Taxes, remuneration and social security45 | - | - | €106,999 | €106,659 | €132,150 | ▲ 23.9% |
| Taxes450/3 | - | - | €36,755 | €50,332 | €69,340 | ▲ 37.8% |
| Remuneration and social security454/9 | - | - | €70,243 | €56,327 | €62,810 | ▲ 11.5% |
| Other amounts payable47/48 | - | - | €3,442 | €2,709 | €4,363 | ▲ 61.1% |
| Accrued charges and deferred income492/3 | - | - | - | €1,653 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,426 | €69,927 | -€43,998 | -€62,783 | -€82,944 | ▼ 32.1% |
| + Depreciation and write-downs630 | €70,358 | €57,909 | €68,445 | €81,051 | €82,999 | ▲ 2.4% |
| Operating cash flow (approximation) | €85,783 | €127,836 | €24,447 | €18,268 | €55 | ▼ 99.7% |
| Investment in fixed assets (approximation) | - | -€30,332 | -€103,749 | -€66,090 | -€26,341 | ▲ 60.1% |
| Change in cash | - | €25,001 | -€45,948 | -€19,287 | -€15,336 | ▲ 20.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00019747 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00023513 |
| 30-06-2022 | abbreviated format | 10-01-2023 | 2023-20556749 |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-03700594 |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-03900539 |
Similar companies · same sector, comparable size
RESTAURANT LEO
BE 0455.728.566
Bastogne · FTE 44.6
28
BE 0463.670.688
Waterloo · FTE 44.6
The EL Company
BE 0731.563.013
Kortrijk · FTE 44.4
FITCHEN VLAANDERENSTRAAT
BE 0707.748.721
Gent · FTE 44.9
BRASSERIE DE WATERLOO
BE 0839.809.964
Waterloo · FTE 44.3
Of the 20,120 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,526. 1,998 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 · 2 entries · €24,163 awarded · €24,163 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.