Equity
Andre paid out €224,834 in dividends. That is 361% of the 2025 profit.
Andre paid out €224,834 in dividends. That is 361% of the 2025 profit.
Back in profit in 2025, after a loss of €180 in 2024.
Of this, €344,915 falls due within a year.
Short-term debts rose from €323,178 to €344,915.
The last five annual accounts were filed 1 to 23 days before the end of the period.
More equity than 95% of companies in food and beverage service. Sector median €78,477 · 4,845 companies.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 2 in 1,000 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, small). It does better than 46% of them on solvency, 56% on liquidity, 37% on profitability and 24% on growth.
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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 4,107 companies had the same profile as Andre has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Andre itself: 0.2% 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 4,107 companies, not a prediction for Andre. 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 0.57 (1.37 in 2024), below 1. Short-term debt is 9.6% and cash 1.1% of total assets. 74.2% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Andre Ghent | €3.6m | €223,168 | 25.8% | 0 |
| Adremco Eeklo | €5.3m | €376,211 | 73.6% | 0.5 |
| jabelle Beersel | €2.2m | €251,421 | 36.7% | 0 |
| Celik - de Ville de Goyet Leisure Management Wetteren | €3.4m | €197,125 | 7.4% | - |
| AREA SPHERE Jalhay | €1.5m | €220,355 | 9.3% | 0.1 |
| SHELTERKONING Laakdal | €1.6m | €287,496 | 67.9% | 0.6 |
| ROMAIN DAHLAN Ixelles | €3.1m | €252,065 | -0.9% | - |
These companies have the same main activity as Andre: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1.5m and €5.3m, founded between 2003 and 2017.
Andre files the abbreviated format. That format states no turnover. The gross margin rose from €208,012 in 2014 to €223,168 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €680,000. Estimated: probably between €560,000 and €750,000.
Higher than 46% of 4,843 companies in 2025.
Higher than 25% of 4,741 companies in 2025.
Higher than 41% of 4,765 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
3.6m | 3.9m | 4.1m | 4.2m | 4.6m | 4.5m | 2.0m | 1.7m | 953,207 | 851,140 | 608,450 | 213,726 | |
21/28 |
3.4m | 3.5m | 3.6m | 3.7m | 3.8m | 3.8m | 973,091 | 820,014 | 60,346 | 66,887 | 85,793 | 65,948 | |
22/27 |
3.4m | 3.5m | 3.6m | 3.7m | 3.8m | 3.8m | 973,091 | 820,014 | 60,346 | 66,887 | 85,793 | 65,448 | |
22 |
3.3m | 3.4m | 3.5m | 3.6m | 3.7m | 3.7m | 923,024 | 766,778 | - | - | - | - | |
23 |
1,445 | 2,355 | 4,886 | 7,417 | - | 9,282 | 11,443 | 15,679 | 17,299 | 17,606 | 29,128 | 38,813 | |
24 |
5,527 | 7,187 | 1,501 | 4,900 | 8,108 | 21,802 | 1,625 | 557 | 5,965 | 12,089 | 19,362 | 26,222 | |
26 |
37,000 | 37,000 | 37,000 | 37,000 | 37,000 | 37,000 | 37,000 | 37,000 | 37,082 | 37,193 | 37,303 | 413 | |
28 |
30,000 | 30,000 | - | - | - | - | - | - | - | - | - | 500 | |
29/58 |
194,883 | 443,401 | 549,949 | 536,172 | 822,787 | 727,234 | 989,003 | 915,393 | 892,862 | 784,252 | 522,657 | 147,778 | |
29 |
135,391 | 346,994 | 342,036 | 255,715 | 255,715 | 288,193 | 288,193 | 232,100 | - | - | - | - | |
291 |
135,391 | 346,994 | 342,036 | 255,715 | 255,715 | 288,193 | 288,193 | 232,100 | - | - | - | - | |
3 |
- | - | - | - | - | 4,286 | 3,974 | 4,487 | 6,487 | 1,967 | 4,126 | 1,917 | |
30/36 |
- | - | - | - | - | 4,286 | 3,974 | 4,487 | 6,487 | 1,967 | 4,126 | 1,917 | |
40/41 |
3,891 | 13,913 | 39,302 | 7,998 | 211,276 | 34,251 | 24,602 | 84,854 | 32,601 | 19,020 | 11,823 | 21,069 | |
40 |
- | 0 | 35,300 | 221 | 210,440 | 9,825 | 20,951 | 24,460 | 30,034 | 17,781 | 10,722 | 18,571 | |
41 |
3,891 | 13,913 | 4,002 | 7,777 | 836 | 24,426 | 3,652 | 60,394 | 2,568 | 1,239 | 1,101 | 2,498 | |
50/53 |
11,675 | 9,875 | 8,075 | 6,275 | 4,475 | 2,675 | 875 | 92,305 | 93,665 | 98,833 | 98,833 | - | |
54/58 |
37,957 | 69,060 | 154,116 | 261,030 | 345,390 | 395,259 | 661,489 | 499,610 | 759,378 | 664,433 | 407,876 | 124,791 | |
490/1 |
5,968 | 3,559 | 6,421 | 5,154 | 5,931 | 2,571 | 9,869 | 2,037 | 730 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
3.6m | 3.9m | 4.1m | 4.2m | 4.6m | 4.5m | 2.0m | 1.7m | 953,207 | 851,140 | 608,450 | 213,726 | |
10/15 |
930,274 | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 957,714 | 860,044 | 662,730 | 387,428 | 94,976 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 9,600 | 9,600 | 9,600 | 9,600 | 9,600 | |
13 |
854,609 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 844,844 | 747,174 | 649,860 | 374,860 | 84,860 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | |
132 |
- | 0 | 124,600 | 124,600 | 124,600 | 124,600 | 124,600 | - | - | - | - | - | |
133 |
854,609 | 1.1m | 953,193 | 981,087 | 952,107 | 970,148 | 970,148 | 842,984 | 745,314 | 648,000 | 373,000 | 83,000 | |
14 |
57,065 | 57,065 | 57,065 | 57,065 | 57,065 | 60,030 | 103,870 | 103,870 | 103,870 | 3,870 | 3,568 | 1,116 | |
17/49 |
2.7m | 2.8m | 3.0m | 3.0m | 3.4m | 3.4m | 743,016 | 777,693 | 93,163 | 188,409 | 221,022 | 118,750 | |
17 |
2.3m | 2.5m | 2.7m | 2.8m | 3.0m | 3.2m | 601,561 | 642,284 | 5,301 | 11,499 | 17,522 | 28,550 | |
170/4 |
2.3m | 2.5m | 2.7m | 2.8m | 3.0m | 3.2m | 601,561 | 642,284 | 5,301 | 11,499 | 17,522 | 28,550 | |
42/48 |
344,915 | 323,178 | 300,090 | 189,643 | 404,283 | 194,638 | 138,875 | 135,409 | 87,862 | 176,910 | 203,500 | 90,200 | |
42 |
189,450 | 186,296 | 183,195 | 180,148 | 177,152 | 173,742 | 44,078 | 48,464 | 6,198 | 6,024 | 11,027 | 11,720 | |
44 |
688 | 8,525 | 5,391 | 5,430 | 7,562 | 16,824 | 20,633 | 64,489 | 40,332 | 40,893 | 25,721 | 32,016 | |
440/4 |
688 | 8,525 | 5,391 | 5,430 | 7,562 | 16,824 | 20,633 | 64,489 | 40,332 | 40,893 | 25,721 | 32,016 | |
46 |
- | - | - | - | - | - | - | 4,249 | - | - | - | 60 | |
45 |
1,035 | 8,411 | 13,791 | 4,066 | 11,458 | 4,073 | 35,732 | 17,239 | 33,276 | 129,944 | 166,294 | 45,969 | |
450/3 |
35 | 7,411 | 12,791 | 3,073 | 10,851 | 249 | 35,473 | 9,257 | 24,612 | 124,577 | 160,705 | 41,539 | |
454/9 |
1,000 | 1,000 | 1,000 | 993 | 607 | 3,824 | 259 | 7,982 | 8,664 | 5,367 | 5,589 | 4,431 | |
47/48 |
153,743 | 119,946 | 97,713 | - | 208,112 | - | 38,432 | 968 | 8,056 | 50 | 457 | 435 | |
492/3 |
- | - | 0 | 6,550 | 9,130 | 10,571 | 2,580 | - | - | - | - | - | |
| Income statement | |||||||||||||
76A |
- | 0 | 7,776 | - | - | - | - | - | - | - | - | - | |
9900 |
223,168 | 197,940 | 236,790 | 186,620 | 177,119 | 379,546 | 515,157 | 384,545 | 449,092 | 534,261 | 553,950 | 208,012 | |
62 |
- | - | - | - | 4,002 | 58,609 | 109,287 | 103,218 | 110,903 | 96,741 | 87,423 | 57,183 | |
630 |
102,463 | 101,949 | 102,526 | 104,587 | 101,887 | 330,650 | 29,844 | 113,945 | 17,566 | 19,726 | 19,562 | 22,331 | |
631/4 |
- | - | - | - | - | - | 1,148 | - | - | 875 | - | - | |
635/8 |
- | - | - | - | - | - | - | 1,360 | 5,168 | - | - | - | |
640/8 |
9,244 | 18,887 | 10,189 | 5,720 | 992 | 9,442 | 2,031 | 2,698 | 1,671 | 607 | 589 | 3,616 | |
66A |
- | - | - | - | 1 | - | - | - | - | - | 58 | - | |
9901 |
111,461 | 77,105 | 124,075 | 76,313 | 70,238 | -19,154 | 372,847 | 163,324 | 313,784 | 416,312 | 446,376 | 124,882 | |
75/76B |
4,723 | 10,449 | 9,675 | 6,915 | 8,423 | 6,550 | 6,667 | 3,541 | 2,156 | 2,916 | 598 | 155 | |
75 |
4,723 | 10,449 | 9,675 | 6,915 | 8,423 | 6,550 | 6,667 | 3,541 | 2,156 | 2,916 | 598 | 155 | |
65/66B |
42,745 | 47,764 | 48,539 | 51,195 | 54,825 | 31,235 | 19,179 | 10,617 | 6,689 | 3,820 | 3,236 | 1,033 | |
65 |
42,745 | 47,764 | 48,539 | 51,195 | 54,825 | 31,235 | 19,179 | 10,617 | 6,689 | 3,820 | 3,236 | 1,033 | |
9903 |
73,439 | 39,790 | 85,211 | 32,033 | 23,835 | -43,840 | 360,336 | 156,247 | 309,251 | 415,408 | 443,680 | 124,004 | |
67/77 |
11,109 | 39,969 | 15,791 | 3,053 | 2,378 | - | 108,572 | 58,577 | 111,937 | 140,105 | 151,228 | 38,029 | |
9904 |
62,329 | -180 | 69,421 | 28,980 | 21,457 | -43,840 | 251,764 | 97,670 | 197,314 | 275,303 | 292,452 | 85,976 | |
789 |
0 | 124,600 | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | 124,600 | - | - | - | - | - | |
9905 |
62,329 | 124,420 | 69,421 | 28,980 | 21,457 | -43,840 | 127,164 | 97,670 | 197,314 | 275,303 | 292,452 | 85,976 | |
| Appropriation of the result | |||||||||||||
9906 |
119,394 | 181,485 | 126,486 | 86,045 | 78,522 | 60,030 | 231,035 | 201,540 | 201,184 | 278,870 | 293,568 | 85,976 | |
14P |
57,065 | 57,065 | 57,065 | 57,065 | 57,065 | - | - | - | - | - | - | - | |
791/2 |
224,834 | 0 | 97,314 | - | - | - | - | - | - | - | - | - | |
691/2 |
28,829 | 97,420 | 69,421 | 28,980 | 21,457 | - | 127,164 | 97,670 | 97,314 | 275,000 | 290,000 | 84,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
28,829 | 97,420 | 69,421 | 28,980 | 21,457 | - | 127,164 | 97,670 | 97,314 | 275,000 | 290,000 | 83,000 | |
694/7 |
258,334 | 27,000 | 97,314 | - | - | - | - | - | - | - | - | - | |
694 |
224,834 | 0 | 97,314 | - | - | - | - | - | - | - | - | - | |
695 |
33,500 | 27,000 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
0 | 0 | 0 | - | 0.7 | 3.2 | 3.7 | 3.2 | 3.1 | 3.3 | 2.2 | 0.9 | |
Hours worked1013 |
- | - | - | - | 269 | 2,969 | 5,762 | 5,519 | 5,309 | 4,512 | 4,201 | 2,504 | |
| Document | |||||||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 27-04-2026 | 2026-00088399 | |
| 30-09-2024 | abbreviated format | 07-04-2025 | 2025-00066962 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00077225 | |
| 30-09-2022 | abbreviated format | 21-04-2023 | 2023-00069445 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20012738 | |
| 30-09-2020 | abbreviated format | 17-02-2021 | 2021-05800044 | |
| 30-09-2019 | abbreviated format | 18-03-2020 | 2020-07300100 | |
| 30-09-2018 | abbreviated format | 28-03-2019 | 2019-08600182 | |
| 30-09-2017 | micro format | 13-04-2018 | 2018-10000474 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08100343 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-07700446 | |
| 30-09-2014 | abbreviated format | 30-04-2015 | 2015-11000403 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 213,924 | 179,053 | 226,601 | 180,900 | 172,125 | 311,496 | 402,691 | 277,268 | 331,350 | 436,038 | 465,938 | 147,214 | ||
| 164,792 | 101,769 | 171,947 | 133,567 | 123,344 | 286,810 | 281,608 | 211,615 | 214,880 | 295,029 | 312,014 | 108,307 | ||
| 1,715 | 36,926 | 66,415 | 36,555 | 54,472 | 3.2m | 182,921 | 873,613 | 11,025 | 821 | 39,906 | 88,279 | ||
| -31,102 | -85,056 | -106,914 | -84,360 | -49,869 | -266,231 | 161,879 | -259,768 | 94,945 | 256,557 | 283,085 | - | ||
| -150,033 | 120,223 | 249,859 | 346,529 | 418,504 | 532,596 | 850,128 | 779,984 | 805,000 | 607,342 | 319,158 | 57,577 | ||
| 25.8% | 28.5% | 28.0% | 28.0% | 25.2% | 25.9% | 62.1% | 55.2% | 90.2% | 77.9% | 63.7% | 44.4% | ||
| 0.57 | 1.37 | 1.83 | 2.83 | 2.04 | 3.74 | 7.12 | 6.76 | 10.16 | 4.43 | 2.57 | 1.64 | ||
| 0.57 | 1.37 | 1.83 | 2.83 | 2.04 | 3.71 | 7.09 | 6.73 | 10.09 | 4.42 | 2.55 | 1.62 | ||
| 2.87 | 2.51 | 2.58 | 2.57 | 2.97 | 2.86 | 0.61 | 0.81 | 0.11 | 0.28 | 0.57 | 1.25 | ||
| 6.7% | 0.0% | 6.0% | 2.5% | 1.9% | -3.7% | 20.7% | 10.2% | 22.9% | 41.5% | 75.5% | 90.5% | ||
| 1.7% | 0.0% | 1.7% | 0.7% | 0.5% | -1.0% | 12.8% | 5.6% | 20.7% | 32.3% | 48.1% | 40.2% | ||
| 5.00 | 3.75 | 4.67 | 3.53 | 3.14 | - | - | - | - | - | - | - |
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 | 30-09-2021 |
|---|---|
| 0.5 | |
| Joined | 5 |
| Left | 8 |
Source: social balance sheet in the 2021 annual accounts
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €2.9m | - | - |
| Mortgages, amount registered | €75,000 | €75,000 | - | - | €50,000 |
| Carrying value of the mortgaged assets | €3.3m | €3.4m | - | - | €3.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,715 | €6,926 | €66,415 | €36,555 | €54,472 |
| Financial fixed assets | - | €30,000 | - | - | - |
| €102,463 | €101,949 | €102,526 | €104,587 | €101,887 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 45% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 71.5% to 74.2%. Equity and debt are lower.
Andre has no parent and no holdings in its annual accounts. VAN OOST Ruben is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Jansvest 31 registered office 9000 Ghent | ||
| Balls & Glory Gent Jakobijnenstraat 6, 9000 Ghent 5611101 Full-service restaurants | 04-07-2013 | 2.231.716.513 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44815F1175/00H000 | 174 m² | 1 · 176 m² | 18.9 m · 5 |
| 44803C0715/00D000 | 164 m² | 1 · 104 m² | 16.5 m · 4 |
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