B19
ActiveSummary
B19 has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,909 and a net result of €153,367. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 16,833 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Staff
- 1.8 FTE
- Equity
- €9,909
- Profit
- €153,367
Why 65raises riskSector: Food and beverage service activities (NACE 56)1 of the last 3 latelowers riskSize: total assets €495,839Founded in 2006Show the evidence
Checked score
About 1 in 100 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, micro): better than 27% on solvency, 6% on liquidity, 93% on profitability and 91% on growth.
The bankruptcy probability was computed on 26-10-2026 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 16 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)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2019 to 2025net €153,367 ▲86.9%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 84% 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 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93.1% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,475 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 931 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 |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €36,946 | €72,646 | €103,878 | €132,935 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,034 | €44,035 | €39,866 | €44,316 | €21,796 | €18,385 | €19,034 | ▲ 3.5% |
| Other operating charges640/8 | - | - | - | €2,600 | €398 | €442 | €387 | ▼ 12.5% |
| Gross operating margin9900 | €273,579 | €237,835 | €98,950 | €134,940 | €121,333 | €243,783 | €375,365 | ▲ 54.0% |
| Operating profit (loss)9901 | €35,680 | €101,977 | €37,994 | €51,079 | €26,493 | €121,078 | €223,008 | ▲ 84.2% |
| Financial income75/76B | - | - | - | €0 | €500 | €7 | €7,655 | ▲ 1,146× |
| Recurring financial income75 | €19 | €660 | €2,897 | €0 | €500 | €7 | €7,655 | ▲ 1,146× |
| Financial charges65/66B | - | - | - | €7,266 | €9,459 | €16,098 | €12,255 | ▼ 23.9% |
| Recurring financial charges65 | €34,555 | €35,262 | €161,328 | €7,266 | €9,459 | €16,098 | €12,255 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €1,144 | €67,375 | -€120,438 | €43,812 | €17,535 | €104,987 | €218,409 | ▲ 108% |
| Income taxes67/77 | €2,559 | €26,175 | €635 | €627 | €2,060 | €22,943 | €65,042 | ▲ 183% |
| Profit (loss) for the period9904 | -€1,415 | €41,200 | -€121,073 | €43,186 | €15,476 | €82,044 | €153,367 | ▲ 86.9% |
| Profit (loss) for the period to be appropriated9905 | -€1,415 | €41,200 | -€121,073 | €43,186 | €15,476 | €82,044 | €153,367 | ▲ 86.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €423,280 | €327,430 | €244,246 | €224,832 | €251,772 | €355,063 | €495,839 | ▲ 39.6% |
| Fixed assets21/28 | €201,231 | €164,870 | €160,319 | €185,206 | €88,047 | €162,157 | €151,255 | ▼ 6.7% |
| Intangible fixed assets21 | €15,853 | €8,641 | €2,274 | €24,286 | €18,029 | €12,221 | €6,413 | ▼ 47.5% |
| Tangible fixed assets22/27 | €182,755 | €153,605 | €158,044 | €152,530 | €61,629 | €49,937 | €44,843 | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | €47,074 | €36,936 | €25,597 | €15,781 | ▼ 38.3% |
| Other tangible fixed assets26 | - | - | - | €105,456 | €24,693 | €24,340 | €29,061 | ▲ 19.4% |
| Financial fixed assets28 | €2,624 | €2,624 | €0 | €8,390 | €8,390 | €100,000 | €100,000 | = |
| Current assets29/58 | €222,048 | €162,561 | €83,928 | €39,627 | €163,725 | €192,905 | €344,584 | ▲ 78.6% |
| Amounts receivable within one year40/41 | €194,290 | €152,357 | €75,951 | €31,038 | €112,338 | €124,551 | €319,926 | ▲ 157% |
| Trade receivables40 | - | - | - | €24,901 | €79,830 | €79,278 | €164,627 | ▲ 108% |
| Other amounts receivable41 | - | - | - | €6,137 | €32,508 | €45,273 | €155,299 | ▲ 243% |
| Cash at bank and in hand54/58 | €983 | €696 | €103 | - | - | €45,630 | €15,351 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | - | - | €8,589 | €51,387 | €22,724 | €9,307 | ▼ 59.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €423,280 | €327,430 | €244,246 | €224,832 | €251,772 | €355,063 | €495,839 | ▲ 39.6% |
| Equity10/15 | -€114,290 | -€73,090 | -€194,163 | -€150,977 | -€135,501 | -€53,458 | €9,909 | - |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€120,490 | -€79,290 | -€200,363 | -€157,177 | -€141,701 | -€59,658 | €3,709 | - |
| Amounts payable17/49 | €537,569 | €400,520 | €438,409 | €375,809 | €387,273 | €408,520 | €485,930 | ▲ 18.9% |
| Amounts payable after more than one year17 | €16,144 | €0 | €31,032 | €15,669 | - | €34,659 | €16,178 | ▼ 53.3% |
| Financial debts170/4 | - | - | - | €15,669 | - | €34,659 | €16,178 | ▼ 53.3% |
| Amounts payable within one year42/48 | €521,425 | €396,020 | €398,376 | €360,140 | €385,786 | €336,275 | €439,146 | ▲ 30.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,363 | €15,669 | €17,513 | €18,481 | ▲ 5.5% |
| Financial debts43 | - | - | - | €41,938 | €72,469 | €51,488 | €48,274 | ▼ 6.2% |
| Credit institutions430/8 | - | - | - | €41,938 | €72,469 | €51,488 | €48,274 | ▼ 6.2% |
| Trade debts44 | €136,505 | €92,403 | €76,279 | €48,399 | €130,248 | €76,326 | €69,408 | ▼ 9.1% |
| Suppliers440/4 | - | - | - | €48,399 | €130,248 | €76,326 | €69,408 | ▼ 9.1% |
| Advances received on contracts in progress46 | - | - | - | - | €2,330 | €120 | €3,025 | ▲ 25× |
| Taxes, remuneration and social security45 | - | - | - | €209,678 | €163,054 | €189,663 | €209,958 | ▲ 10.7% |
| Taxes450/3 | - | - | - | €207,127 | €154,685 | €177,284 | €200,778 | ▲ 13.3% |
| Remuneration and social security454/9 | - | - | - | €2,551 | €8,369 | €12,379 | €9,180 | ▼ 25.8% |
| Other amounts payable47/48 | - | - | - | €44,763 | €2,015 | €1,166 | €90,000 | ▲ 77× |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,488 | €37,587 | €30,606 | ▼ 18.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,415 | €41,200 | -€121,073 | €43,186 | €15,476 | €82,044 | €153,367 | ▲ 86.9% |
| + Depreciation and write-downs630 | €50,034 | €44,035 | €39,866 | €44,316 | €21,796 | €18,385 | €19,034 | ▲ 3.5% |
| Operating cash flow (approximation) | €48,619 | €85,235 | -€81,207 | €87,502 | €37,271 | €100,429 | €172,401 | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | -€7,673 | -€35,315 | -€69,203 | €75,363 | -€92,495 | -€8,131 | ▲ 91.2% |
| Change in cash | - | -€287 | -€593 | - | - | - | -€30,279 | - |
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 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00097353 |
| 30-09-2024 | micro format | 04-04-2025 | 2025-00063643 |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00102456 |
| 30-09-2022 | micro format | 10-04-2023 | 2023-00056232 |
| 30-09-2021 | full format | 25-03-2022 | 2022-08500327 |
| 30-09-2020 | full format | 30-04-2021 | 2021-12900494 |
| 30-09-2019 | full format | 28-02-2020 | 2020-05800197 |
| 30-09-2018 | full format | 08-03-2019 | 2019-06500391 |
| 30-09-2017 | full format | 23-01-2018 | 2018-01900199 |
| 30-09-2016 | full format | 31-03-2017 | 2017-07700373 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BOGAERTS John-Alexander |
|
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- B17 LUXLUSourceown accounts 30-09-202510.31%
According to the annual accounts to 30-09-2025 of B19 and those of the other companies, 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.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignation: BOGAERTS John-Alexander (manager)Appointment: BOGAERTS John-Alexander (director) · Capital conversion · Amendment of the articles10 facts ▸
- General meeting, 20-12-2023
- Other provision, “adaptation statuts au CSA et maintien forme SRL, adapter” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression compte indisponible et disponibilité fonds, supprimer” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, BOGAERTS John-Alexander (manager)
- Director appointment, BOGAERTS John-Alexander (director (not named in the articles))
- Director discharge, BOGAERTS John-Alexander
- Registered office clause, “1050 Ixelles,Avenue Louise 347” (deed in French)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 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 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0215/00R000 ProtectedMonumentTweede zetel van de Gestapo |
Brussels | 707 m² | 1 · 263 m² | 38.1 m · 12 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tant en Belgique qu’à l’étranger, pour compte propre ou en sous-traitance ou en participation avec des tiers, l’organisation de réunions…” (deed in French)
7 activities (deed in French)
- Tant en Belgique qu’à l’étranger, pour compte propre ou en sous-traitance ou en participation avec des tiers, l’organisation de réunions, séminaires, manifestations et évènements à caractère professionnel, informatif ou de délassement.
- Toutes activités de conseil et d’assistance à toutes sociétés et entreprises dans les matières précitées et en relations publiques au sens le plus large.
- Prendre des participations dans toutes sociétés entreprises ou opérations mobilières ou immobilières, commerciales, civiles ou financières, gérer ces participations et les financer par voie d’emprunt ou d’intervention financière sur fonds propres
- Acquérir tout intérêt par association ou apport de capitaux, fusion, souscription, participation, intervention financière ou autrement dans n’importe quelle société, entreprise ou opération ayant un objet social similaire ou connexe à son propre objet, ou contribuant à sa réalisation.
- Poser tous actes, civils, commerciaux, industriels, financiers ou autres, qui se rattachent directement ou indirectement à son objet social ou qui sont de nature à en favoriser le développement, et dans ce cadre s’intéresser par tous modes à toutes entreprises ou sociétés.
- Exercer des fonctions d’administration en toutes entreprises, ou encore prendre en charge l’exécution de missions spécifiques pour compte de tiers.
- Prêter à toutes personnes physiques ou morales et se porter caution pour celles-ci, même hypothécairement, pour autant qu’elle y trouve un intérêt, même indirect
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- B19
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, personnes physiques ou morales,actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives mentions CSA” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement actions, mêmes formalités agrément si non actionnaires plein droit” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions, courrier électronique sinon courrier ordinaire même jour” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of January at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de l’assemblée de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et à…” (deed in French)