API RESTAURATION
ActiveSummary
API RESTAURATION has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €707,440 and a net result of €123,012. Equity is shrinking by about 23% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 45% of 952 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- 84.9 FTE
- Equity
- €707,440
- Profit
- €123,012
- Parent
- API Développement SAS
- PLATRET BenoîtDirector
- Béatrice LEFEBVREDirector
- Damien DEBOSQUEDirector
Why 69raises riskSize: turnover €11.4m, 84.9 FTE, total assets €3.0mSector: Food and beverage service activities (NACE 56)Equity €707,440 (23.8% of total assets)lowers riskFounded in 1996Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 47% on solvency, 23% on liquidity, 39% on profitability and 74% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
- Reappointments: Béatrice LEFEBVRE (director) and Damien…Permanent representative: Geert Schellekens
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2019 to 2025net €123,012 ▲3,733%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 86% above 2024 and is the highest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
Peer companies
Historical observationOf the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 733 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €9.2m | €10.0m | €10.4m | €11.5m | ▲ 10.7% |
| Turnover70 | €13.2m | €10.9m | €7.4m | €9.1m | €9.8m | €10.3m | €11.4m | ▲ 10.9% |
| Other operating income74 | - | - | - | €0.1m | €0.09m | €0.04m | €0.04m | ▲ 6.8% |
| Non-recurring operating income76A | - | - | - | €0.02m | €0.04m | €0.02m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €9.8m | €10.5m | €10.3m | €11.3m | ▲ 10.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.0m | €5.1m | €4.8m | €5.2m | ▲ 7.0% |
| Purchases600/8 | - | - | - | €4.9m | €5.1m | €4.9m | €5.1m | ▲ 5.8% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.02m | €0.02m | -€0.02m | €0.04m | - |
| Services and other goods61 | - | - | - | €1.1m | €1.0m | €1.3m | €1.7m | ▲ 39.2% |
| Remuneration, social security and pensions62 | - | - | - | €3.7m | €3.8m | €4.0m | €4.3m | ▲ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.07m | €0.06m | €0.06m | €0.07m | €0.09m | €0.1m | ▲ 9.7% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.006m | €0.01m | €0.008m | ▼ 48.7% |
| Non-recurring operating charges66A | - | - | - | - | €0.6m | €0.1m | €0 | ▼ 100% |
| Operating profit (loss)9901 | €0.2m | -€0.2m | -€0.3m | -€0.6m | -€0.6m | €0.09m | €0.2m | ▲ 85.7% |
| Financial income75/76B | - | - | - | €0.001m | €0.002m | €0 | €288 | - |
| Recurring financial income75 | €0.002m | €0.004m | €0.006m | €0.001m | €0.002m | €0 | €288 | - |
| Other financial income752/9 | - | - | - | €0.001m | €0.002m | €0 | €288 | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.09m | €0.09m | €0.05m | ▼ 43.3% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.02m | €0.02m | €0.09m | €0.09m | €0.05m | ▼ 43.3% |
| Debt charges650 | €0.01m | €0.01m | €0.008m | €0.01m | €0.06m | €0.07m | €0.03m | ▼ 55.6% |
| Other financial charges652/9 | - | - | - | €0.01m | €0.03m | €0.02m | €0.02m | ▲ 12.4% |
| Profit (loss) for the period before taxes9903 | €0.1m | -€0.2m | -€0.3m | -€0.6m | -€0.7m | €0.005m | €0.1m | ▲ 23× |
| Income taxes67/77 | €0.07m | €0.002m | €0.002m | €0.002m | €0.003m | €0.002m | €0.003m | ▲ 25.5% |
| Taxes670/3 | - | - | - | €0.002m | €0.003m | €0.002m | €0.003m | ▲ 25.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €1 | €0 | - | - |
| Profit (loss) for the period9904 | €0.04m | -€0.2m | -€0.3m | -€0.6m | -€0.7m | €0.003m | €0.1m | ▲ 38× |
| Transfer from tax-exempt reserves789 | - | - | - | €0.007m | €0.002m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.04m | -€0.2m | -€0.3m | -€0.6m | -€0.7m | €0.003m | €0.1m | ▲ 38× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.1m | €2.5m | €1.9m | €2.1m | €1.9m | €2.4m | €3.0m | ▲ 26.1% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 4.9% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | ▲ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.4m | €0.4m | ▲ 1.8% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.02m | €0.03m | ▲ 62.4% |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | ▲ 2.2% |
| Other financial fixed assets284/8 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | ▲ 2.2% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | ▲ 2.2% |
| Current assets29/58 | €2.9m | €2.3m | €1.8m | €1.8m | €1.6m | €2.0m | €2.6m | ▲ 30.2% |
| Stocks and contracts in progress3 | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 17.4% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 17.4% |
| Goods purchased for resale34 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 17.4% |
| Amounts receivable within one year40/41 | €1.8m | €1.1m | €1.1m | €1.2m | €1.4m | €1.4m | €2.0m | ▲ 48.0% |
| Trade receivables40 | - | - | - | €1.1m | €1.3m | €1.3m | €2.0m | ▲ 55.9% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.06m | €0.07m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.8m | €1.0m | €0.2m | €0.4m | €0.04m | €0.4m | €0.3m | ▼ 7.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.01m | €0.02m | €0.02m | ▼ 2.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.1m | €2.5m | €1.9m | €2.1m | €1.9m | €2.4m | €3.0m | ▲ 26.1% |
| Equity10/15 | €1.4m | €1.2m | €0.9m | €0.3m | -€0.4m | €0.6m | €0.7m | ▲ 21.0% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €1.0m | €1.0m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €1.0m | €1.0m | €0.6m | €0.6m | = |
| Reserves13 | €0.4m | €0.2m | €0.03m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 18.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 18.9% |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 18.9% |
| Tax-exempt reserves132 | - | - | - | €0.002m | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€0.1m | -€0.8m | -€1.4m | -€0.04m | €0.08m | - |
| Amounts payable17/49 | €1.7m | €1.4m | €1.0m | €1.8m | €2.3m | €1.8m | €2.3m | ▲ 27.7% |
| Amounts payable after more than one year17 | €0.06m | €0.005m | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.6m | €1.4m | €1.0m | €1.8m | €2.3m | €1.8m | €2.1m | ▲ 20.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €1.0m | €0.5m | €0.8m | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 56.8% |
| Suppliers440/4 | - | - | - | €0.5m | €0.5m | €0.5m | €0.7m | ▲ 56.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 14.2% |
| Taxes450/3 | - | - | - | €0.03m | €0.05m | €0.04m | €0.04m | ▼ 15.3% |
| Remuneration and social security454/9 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 14.1% |
| Other amounts payable47/48 | - | - | - | €1.0m | €1.5m | €0.9m | €1.1m | ▲ 15.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.1m | ▲ 140× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,280 | -€214,481 | -€283,284 | -€644,379 | -€673,903 | €3,209 | €123,012 | ▲ 38× |
| + Depreciation and write-downs630 | €94,438 | €70,637 | €60,753 | €62,118 | €69,637 | €90,792 | €99,619 | ▲ 9.7% |
| Operating cash flow (approximation) | €133,719 | -€143,844 | -€222,531 | -€582,261 | -€604,266 | €94,001 | €222,631 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€33,416 | -€18,877 | -€116,858 | -€133,576 | -€196,254 | -€118,289 | ▲ 39.7% |
| Change in cash | - | €184,636 | -€775,999 | €222,976 | -€384,236 | €322,798 | -€25,766 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-08-2025 | full format | 13-03-2026 | 2026-00055818 |
| 31-08-2024 | full format | 03-04-2025 | 2025-00066732 |
| 31-08-2023 | full format | 29-03-2024 | 2024-00056080 |
| 31-08-2022 | full format | 17-03-2023 | 2023-00042619 |
| 31-08-2021 | full format | 18-03-2022 | 2022-08000367 |
| 31-08-2020 | full format | 19-03-2021 | 2021-07900479 |
| 31-08-2019 | full format | 19-03-2020 | 2020-07200146 |
| 31-08-2018 | full format | 14-03-2019 | 2019-07100151 |
| 31-08-2017 | full format | 29-03-2018 | 2018-08400115 |
| 31-08-2016 | full format | 17-03-2017 | 2017-06700156 |
Similar companies · same sector, comparable size
Public contracts
Show 4 more contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Board 3
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| PLATRET Benoît |
|
| Béatrice LEFEBVREfrom an act |
|
| Damien DEBOSQUEfrom an act |
|
| EY Réviseurs d'entreprises |
|
| COGEZ Christian |
|
Owners and capital
Owners
3 ownersChain of control
- API Développement SASFR
- API RESTAURATION
Highest known parent: API Développement SAS (France). The sources do not say who stands above it.
Owners 3
- API Développement SAS de droit françaisFRparentSourceown accounts 31-08-201990%
- API Développement SASFRconsolidating parentconsolidates
- API Restauration SA de droit françaisFRSourceown accounts 31-08-201910%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 02-08-2024 Capital increase of €1,000,000 · to €2,000,000 · 1,000,000 new shares · in cash
- 02-08-2024 Capital reduction of €1,400,000 · to €600,000 · to absorb losses
- 09-07-2024 Capital stated in the deed · €1,000,000 · 1,000,000 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
04-06
Gazette deed
Reappointments: Béatrice LEFEBVRE (director) and Damien DEBOSQUE (director)Permanent representative: Geert Schellekens7 facts ▸
- General meeting, 27-02-2026
- Director reappointment, Béatrice LEFEBVRE (director)
- Director reappointment, Damien DEBOSQUE (director)
- Other provision, 28-03-2025
- Other provision, “tous les actes posés, décisions prises et documents signés par ces deux administrateurs depuis le 28-03-2025, ratification et confirmation des actes” (deed in French)
- Permanent representative, Geert Schellekens
- Other provision, “à l'unanimité, adoption de la résolution” (deed in French)
02-08
Gazette deed
Capital & sharesCapital increase · Bank account · Capital decrease6 facts ▸
- General meeting, 23-07-2024
- Capital increase, €1,000,000
- Bank account, “Société, apportsennuméraire” (deed in French)
- Capital decrease, €1,400,000
- Amendment of the articles, 5
- Other provision, “délivranceavanteregistrement, article173,1°bisduCodedesDroitsdEnregistrement” (deed in French)
09-07
Gazette deed
Resignation: COGEZ Christian (director)Appointments: PLATRET Benoît (director) and EY Réviseurs d'Entreprises (statutory auditor) · Permanent representative: Emilie Van Callemont · Purpose change10 facts ▸
- General meeting, 26-06-2024
- Purpose change
- Amendment of the articles
- Capital, €1,000,000
- Director resignation, COGEZ Christian (director)
- Director appointment, PLATRET Benoît (director)
- Auditor appointment, EY Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Emilie Van Callemont (représentée de manière permanente)
- Power of attorney
- Power of attorney, Yorik DESMYTTERE
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
12 sites · 2 with a smileyShow 8 more sites
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
15 establishment units
Show 9 more locations
12 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53009B1000/00E007 | Wallonia | 87.4 ha | 1 · 4.8 ha | - |
| 53404B0695/00Z000 | Wallonia | 3.5 ha | 1 · 2,755 m² | 24.6 m · 6 |
| 55010A0015/00V000 | Wallonia | 2.9 ha | 1 · 4,395 m² | - |
| 53028A0026/00Y005 ProtectedSite or landscapeLe dispositif d'extraction et d'évacuation du puits n°11 sur le site charbonnier du Crachet, à Frameries. Ce dispositif comprend: le châssis à molettes, la galerie périphérique aérienne couverte et le bâtiment de la machine d'extrtaction (M) ainsi qu ...Source ↗ |
Wallonia | 2.3 ha | 1 · 949 m² | 12.3 m · 4 |
| 53079A0672/00F000 | Wallonia | 2.2 ha | 1 · 6,662 m² | 12.1 m · 3 |
| 21442A0005/00M002 | Brussels | 1.1 ha | 1 · 1,465 m² | 32.4 m · 4 |
| 53403F0266/00S000 | Wallonia | 7,129 m² | 1 · 1,625 m² | - |
| 52028B0313/00B002 | Wallonia | 6,692 m² | 1 · 1,050 m² | 14.4 m · 4 |
| 53019A0247/00F005 | Wallonia | 1,823 m² | 1 · 1,087 m² | 6.6 m · 2 |
| 21005A0217/00B002 | Brussels | 1,571 m² | 1 · 1,837 m² | 24.3 m · 7 |
| 52038B0470/00G000indicative | Wallonia | 1,505 m² | 1 · 15 m² | 3.4 m · 1 |
| 21684B0057/00F003 | Brussels | 314 m² | 1 · 133 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- API RESTAURATION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of February at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant manière requise par loi, cas prévus par loi” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed