Equity
€86,305 from €244,776 in 2019
Equity fell by 65% in 6 years.
Andrest
Lifetime
15 annual accounts with figures on one time axispeak €987,853 (2021)
-not published
lowest -€151,958 (2011)
-€121,602▼ €154,117
peak €244,776 (2019)
€86,305▼ 58.5%
€283,884▲ 18.0%
peak 20.3 FTE (2025)
20.3 FTE▲ 12.2%
Board1 name since 2011
1 directorPIAMAN
Owners
99.55%PIAMAN
Documentsfilings and deeds
07-07-202624 days before the deadline
2025financial year
Loss of €121,602Staff from 18.1 FTE to 20.3 FTEEquity from €207,907 to €86,305Debts from €240,590 to €283,884Cash from €241,840 to €141,065
Key points
from the 2025 annual accountsResult
-€121,602 -€121,602
From profit to loss in 2025, after a profit of €32,516 in 2024.
Debts
€283,884 77% of the balance sheet
Suppliers 63%Taxes and wages 32%Other 5%
Of this, €281,270 falls due within a year.
Staff
23 employees on 31-12-2025
In 2025, 18 people joined and 16 left. On top of that, 5.5 agency workers worked there on average.
Filings
15 annual accounts since 2011
The 2018 accounts came 5 days late. The other nine of the last ten were filed on time.
Position in the sector
-€121,602
Lower net result than 90% of companies in food and beverage service. Sector median €9,699 · 964 companies.
Checked score
54
Fair
Financially stronger than 32% of small companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 1.2%▲ +1.0 percentage point vs 07-2026highest value
09-2026: 1.2%● unchanged vs 08-2026highest value
10-2026: 1.2%● unchanged vs 09-2026highest value
11-2026: 1.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €121,602 (financial year 2025)
Sector: Food and beverage service activities (NACE 56)
Size: turnover €3.2m, 20.3 FTE, total assets €370,189
lowers risk
Liquidity: current ratio 0.73, cash €141,065
Calculation
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 44% of them on solvency, 65% on liquidity, 10% on profitability and 11% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 180 companies had the same profile as Andrest has now. Each dot is one company, two years later.
91.1%
were still trading
2.8%
stopped another way
5.6%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Andrest itself: 1.2% within 12 months.
Test of the method
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 180 companies, not a prediction for Andrest. 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.
Credit verdict
Credit of up to €4,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.73 (1.3 in 2024), below 1. Short-term debt is 76% and cash 38.1% of total assets. 76.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
41 days early
2023
33 days early
2022
18 days early
2021
33 days early
2020
30 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0822740241
Permanent representative: VERHELST Peter Maria Theofiel
“De vennootschap heeft geen ander doel dan aan haar aandeelhouders een rechtstreeks of onrechtstreeks…” (deed in Dutch) · General meeting of 30-09-2020 · Gazette deed
First establishment
McDonalds, Pastoor Coplaan 116, Beveren-Kruibeke-Zwijndrecht
Incorporation
published on 02-02-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Andrest Beveren-Kruibeke-Zwijndrecht | €3.2m | -3.2% | 23.3% | 20.3 |
| JORIS IJS BE Beerse | €2.1m | 8.2% | 16.2% | 15.3 |
| GEOMI Awans | €2.2m | 0.3% | 31.4% | 18.4 |
| ESPEL Halle | €2.7m | 0.5% | 25.6% | 19.2 |
| SELLEVIN Braine-l'Alleud | €3.4m | 0.4% | 49.5% | 13.2 |
| Cosiness Europe Uccle | €1.8m | 2.4% | 14.1% | 14.1 |
| FRITAPAPA JODOIGNE Beauvechain | €1.5m | 9.9% | 42.1% | 12.6 |
Grey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Andrest: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €392,000 and €804,000, founded between 2001 and 2017.
Official details
Source: KBO- Status
- Active since 29-01-2010Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2024
- Establishment unit
- 2.184.652.1132070 Beveren-Kruibeke-Zwijndrecht, since 01-03-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 19-05-2026
Annual accounts 2025
- €370,189▼ 17.5%
- Employeeson 31-12-2025
- 23▲ 9.5%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on Andrest
Solvency fell in 2025 from 46.4% to 23.3% because of the loss and higher debts to suppliers.
PIAMAN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Andrest
- What is the company number of Andrest?
- The company number of Andrest is 0822.740.241. The VAT number is the same number with BE in front: BE 0822.740.241.
- Where is Andrest based?
- The registered office is at Pastoor Coplaan 116, 2070 Beveren-Kruibeke-Zwijndrecht.Company details
- What does Andrest do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of Andrest?
- Andrest is a private limited company (BV).
- When was Andrest founded?
- Andrest was founded on 29-01-2010.
- Is Andrest still active?
- Yes, Andrest is an active enterprise in the KBO register.
- How many employees does Andrest have?
- Andrest had an average of 20.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Andrest fall under?
- In its 2024 annual accounts, Andrest states joint committee 302 (Hotels and catering).
- What is the turnover of Andrest?
- The turnover of Andrest was €3.2m in financial year 2025, according to the filed annual accounts.
- Is Andrest profitable?
- In financial year 2025, Andrest made a loss of €121,602.
- Where can I find the annual accounts of Andrest?
- Andrest filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Andrest due?
- Andrest must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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