Annapurna
ActiveSummary
The computed 12-month bankruptcy probability of Annapurna is 1.6% (moderate). The 2025 annual accounts show equity of €38,102 and a net result of €18,510. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 13683 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency68▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.85 in 2024; short-term debt: 34.9% and cash: 32.5% of total assets), and 56.8% of the assets are financed with debt.
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Signals
Three 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
21%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 9 filingsDeviation from the deadline
2025
24 d late
2024
64 d late
2023
24 d late
2022
29 d late
2021
31 d late
2020
23 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€88,019
EBIT margin
9.0%
Net result
€18,510▼ 14.2%
2024 · €21,569
Working capital
€6,101▼ 63.8%
2024 · €16,831
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€10,385▲ 31.3%-€6,256€38,350€26,468▼ 31.0%€24,629▼ 6.9%
Net result€10,272within the sector's middle half▲ 33.8%-€8,273within the sector's middle half€36,919above the sector's middle half€21,569within the sector's middle half▼ 41.6%€18,510within the sector's middle half▼ 14.2%
EBIT margin
Equity-€5,623below the sector's middle half▲ 64.6%-€13,896below the sector's middle half▼ 147%€23,023within the sector's middle half€34,592within the sector's middle half▲ 50.2%€38,102within the sector's middle half▲ 10.1%
Total assets€45,282within the sector's middle half▼ 25.7%€34,950below the sector's middle half▼ 22.8%€52,000within the sector's middle half▲ 48.8%€54,507within the sector's middle half▲ 4.8%€88,104within the sector's middle half▲ 61.6%
Debt€50,905▼ 33.7%€48,846▼ 4.0%€28,976▼ 40.7%€19,914▼ 31.3%€50,002▲ 151%
Working capital-€22,971within the sector's middle half▲ 43.1%-€28,254within the sector's middle half▼ 23.0%€4,599within the sector's middle half€16,831within the sector's middle half▲ 266%€6,101within the sector's middle half▼ 63.8%
Solvency-12.4%below the sector's middle half▲ 13.7pp-39.8%below the sector's middle half▼ 27.3pp44.3%within the sector's middle half▲ 84.0pp63.5%above the sector's middle half▲ 19.2pp43.2%within the sector's middle half▼ 20.2pp
Current ratio0.55below the sector's middle half▲ 0.070.42below the sector's middle half▼ 0.131.16within the sector's middle half▲ 0.741.85within the sector's middle half▲ 0.691.20within the sector's middle half▼ 0.65
Return on assets (ROA)22.7%within the sector's middle half▲ 10.1pp-23.7%below the sector's middle half▼ 46.4pp71.0%above the sector's middle half▲ 94.7pp39.6%above the sector's middle half▼ 31.4pp21.0%above the sector's middle half▼ 18.6pp
Staff (FTE)
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 has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,104
Fixed assets
€51,265 ▲ 189%
Current assets
€36,838 ▲ 0.3%
Equity and liabilities €88,104
Equity
€38,102 ▲ 10.1%
Debt
€50,002 ▲ 151%
Debt's share of the balance-sheet total rises from 36.5% to 56.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,498▲
2024 · €29,234
Cash flow
€26,379▲
2024 · €24,335
Quick ratio
1.17▼
2024 · 1.81
Debt to equity
1.31▲
2024 · 0.58
ROE
48.6%▼
2024 · 62.4%
Interest coverage
10.64▼
2024 · 24.56
Debt ≤ 1 year
€30,737▲
2024 · €19,914
Debt > 1 year
€19,265
Income taxes
€3,065▼
2024 · €3,709
Staff costs
€20,074▼
2024 · €23,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,895 | €23,809 | €15,839 | €23,809 | €20,074 | ▼ 15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,157 | €2,990 | €2,386 | €2,766 | €7,869 | ▲ 184% |
| Other operating charges640/8 | - | €348 | €744 | €272 | €735 | ▲ 170% |
| Non-recurring operating charges66A | - | - | - | - | €6,891 | - |
| Gross operating margin9900 | €33,437 | €20,891 | €57,319 | €53,316 | €60,197 | ▲ 12.9% |
| Operating profit (loss)9901 | €10,385 | -€6,256 | €38,350 | €26,468 | €24,629 | ▼ 6.9% |
| Financial charges65/66B | €113 | €2,017 | €1,226 | €1,190 | €3,054 | ▲ 157% |
| Recurring financial charges65 | €113 | €2,017 | €1,226 | €1,190 | €3,054 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | €10,272 | -€8,273 | €37,124 | €25,278 | €21,575 | ▼ 14.6% |
| Income taxes67/77 | - | - | €205 | €3,709 | €3,065 | ▼ 17.4% |
| Profit (loss) for the period9904 | €10,272 | -€8,273 | €36,919 | €21,569 | €18,510 | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €10,272 | -€8,273 | €36,919 | €21,569 | €18,510 | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,282 | €34,950 | €52,000 | €54,507 | €88,104 | ▲ 61.6% |
| Fixed assets21/28 | €17,348 | €14,358 | €18,424 | €17,761 | €51,265 | ▲ 189% |
| Tangible fixed assets22/27 | €14,636 | €11,646 | €15,712 | €15,049 | €48,553 | ▲ 223% |
| Land and buildings22 | - | - | €5,437 | €4,146 | €9,286 | ▲ 124% |
| Plant, machinery and equipment23 | €13,266 | €11,646 | €10,275 | €8,904 | €9,930 | ▲ 11.5% |
| Furniture and vehicles24 | €1,370 | - | - | €1,998 | €29,337 | ▲ 1,368% |
| Financial fixed assets28 | €2,712 | €2,712 | €2,712 | €2,712 | €2,712 | = |
| Current assets29/58 | €27,934 | €20,592 | €33,576 | €36,746 | €36,838 | ▲ 0.3% |
| Stocks and contracts in progress3 | €750 | €750 | €750 | €750 | €750 | = |
| Stocks30/36 | €750 | €750 | €750 | €750 | €750 | = |
| Amounts receivable within one year40/41 | €8,274 | €5,049 | €8,701 | €2,223 | €7,326 | ▲ 230% |
| Trade receivables40 | €2,275 | - | - | €861 | €85 | ▼ 90.2% |
| Other amounts receivable41 | €5,999 | €5,049 | €8,701 | €1,362 | €7,241 | ▲ 432% |
| Cash at bank and in hand54/58 | €18,910 | €14,793 | €24,125 | €33,608 | €28,593 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | - | - | €165 | €170 | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,282 | €34,950 | €52,000 | €54,507 | €88,104 | ▲ 61.6% |
| Equity10/15 | -€5,623 | -€13,896 | €23,023 | €34,592 | €38,102 | ▲ 10.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1109/19 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €50 | €50 | €50 | €50 | €50 | = |
| Non-distributable reserves130/1 | €50 | €50 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | €50 | €50 | €50 | €50 | €50 | = |
| Profit (loss) carried forward14 | -€11,873 | -€20,146 | €16,774 | €28,343 | €31,853 | ▲ 12.4% |
| Amounts payable17/49 | €50,905 | €48,846 | €28,976 | €19,914 | €50,002 | ▲ 151% |
| Amounts payable after more than one year17 | - | - | - | - | €19,265 | - |
| Financial debts170/4 | - | - | - | - | €19,265 | - |
| Amounts payable within one year42/48 | €50,905 | €48,846 | €28,976 | €19,914 | €30,737 | ▲ 54.3% |
| Current portion of amounts payable after more than one year42 | - | - | €5,559 | €440 | €4,910 | ▲ 1,016% |
| Trade debts44 | €845 | €2,130 | €765 | €2,648 | €3,419 | ▲ 29.1% |
| Suppliers440/4 | €845 | €2,130 | €765 | €2,648 | €3,419 | ▲ 29.1% |
| Taxes, remuneration and social security45 | €10,679 | €6,998 | €4,887 | €6,551 | €7,108 | ▲ 8.5% |
| Taxes450/3 | €2,403 | €861 | €3,302 | €4,392 | €5,917 | ▲ 34.7% |
| Remuneration and social security454/9 | €8,276 | €6,137 | €1,585 | €2,159 | €1,191 | ▼ 44.8% |
| Other amounts payable47/48 | €39,382 | €39,718 | €17,765 | €10,276 | €15,300 | ▲ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,272 | -€8,273 | €36,919 | €21,569 | €18,510 | ▼ 14.2% |
| + Depreciation and write-downs630 | €7,157 | €2,990 | €2,386 | €2,766 | €7,869 | ▲ 184% |
| Operating cash flow (approximation) | €17,428 | -€5,283 | €39,305 | €24,335 | €26,379 | ▲ 8.4% |
| Investment in fixed assets (approximation) | - | €0 | -€6,451 | -€2,103 | -€41,373 | ▼ 1,867% |
| Change in cash | - | -€4,117 | €9,332 | €9,483 | -€5,015 | ▼ 153% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Back to profitnet €36,919
Net result €36,919 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.16
Current ratio from 0.42 to 1.16; short-term debt falls from €48,846 to €28,976.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€8,273
Net result drops to -€8,273, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Back to profitnet €8,522
Net result €8,522 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2017
Ground area
2,036 m²
Building footprint
32 m²
Volume, LiDAR
120 m³
Parcel 24514A0097/00T003, Flanders · tallest building 3.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Annapurna
since 20172.261.244.006
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514A0097/00T003 | Flanders | 2,036 m² | 1 · 32 m² | 3.8 m · 1 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.261.244.006
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Of 20,500 companies in this sector we hold annual accounts for 11,468. 9,689 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670799441
Also
9925:BE0670799441
Registered
30-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.