B3R
ActiveSummary
The computed 12-month bankruptcy probability of B3R is 5.4% (elevated). The 2025 annual accounts show equity of €39k and a net result of €-34k. Equity is shrinking by ~23.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 47% of 13417 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-57
Solvency52▼-13
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.55 in 2024; short-term debt: 53.4% and cash: 20% of total assets), and 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.7%
Return on assets
-23.7%
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 23-08-2026, 23 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 · 3 filingsDeviation from the deadline
2025
23 d late
2024
34 d late
2023
9 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▼ 47.0%
2024 · €73k
2023: €72k
2024: €73k▲ +0.4% vs 2023highest in 3 years
2025: €39k▼ -47.0% vs 2024lowest in 3 years
2023 → 2025
Total assets
€144k▼ 19.8%
2024 · €180k
2023: €144klowest in 3 years
2024: €180k▲ +25.2% vs 2023highest in 3 years
2025: €144k▼ -19.8% vs 2024
2023 → 2025
Net result
€-34k
2024 · €303
2023: €97khighest in 3 years
2024: €303▼ -99.7% vs 2023
2025: €-34k▼ -11377% vs 2024lowest in 3 years
2023 → 2025
Working capital
€8k▼ 79.2%
2024 · €41k
2023: €61khighest in 3 years
2024: €41k▼ -33.3% vs 2023
2025: €8k▼ -79.2% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€72k-€73k▲ 0.4%€39k▼ 47.0%
2023: €72k
2024: €73k▲ +0.4% vs 2023highest in 3 years
2025: €39k▼ -47.0% vs 2024lowest in 3 years
Operating result€97k-€45k▼ 53.3%€-25k
2023: €97khighest in 3 years
2024: €45k▼ -53.3% vs 2023
2025: €-25k▼ -156% vs 2024lowest in 3 years
Net result€97k-€303▼ 99.7%€-34k
2023: €97khighest in 3 years
2024: €303▼ -99.7% vs 2023
2025: €-34k▼ -11377% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €45k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€59k ▼ 10.2%
Current assets
€85k ▼ 25.2%
Equity and liabilities €144k
Equity
€39k ▼ 47.0%
Debt
€106k ▼ 1.3%
Debt's share of the balance-sheet total rises from 59.6% to 73.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €54k
Cash flow
€-16k▼
2024 · €8k
Current ratio
1.11▼
2024 · 1.55
Quick ratio
0.89▼
2024 · 1.34
Debt to equity
2.74▲
2024 · 1.47
ROE
-88.6%▼
2024 · 0.4%
ROA
-23.7%▼
2024 · 0.2%
Interest coverage
-0.84▼
2024 · 4.62
Debt ≤ 1 year
€77k▲
2024 · €74k
Debt > 1 year
€29k▼
2024 · €33k
Income taxes
€0▼
2024 · €33k
Staff costs
€224k▲
2024 · €186k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€180k€144k▼
Fixed assets21/28€65k€59k▼
Tangible fixed assets22/27€61k€54k▼
Land and buildings22€2k€12k▲
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€50k€37k▼
Financial fixed assets28€5k€5k=
Current assets29/58€114k€85k▼
Stocks and contracts in progress3€15k€17k▲
Stocks30/36€15k€17k▲
Amounts receivable within one year40/41€25k€39k▲
Trade receivables40€6k€3k▼
Other amounts receivable41€20k€36k▲
Cash at bank and in hand54/58€73k€29k▼
Deferred charges and accrued income490/1€306€298▼
Equity and liabilities
Total equity and liabilities10/49€180k€144k▼
Equity10/15€73k€39k▼
Contributions10/11€4k€4k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€0€-34k▼
Amounts payable17/49€107k€106k▼
Amounts payable after more than one year17€33k€29k▼
Financial debts170/4€33k€29k▼
Amounts payable within one year42/48€74k€77k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€26k€40k▲
Suppliers440/4€26k€40k▲
Taxes, remuneration and social security45€43k€32k▼
Taxes450/3€29k€12k▼
Remuneration and social security454/9€14k€21k▲
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€300€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€186k€224k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€18k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€164
Gross operating margin9900€241k€219k▼
Operating profit (loss)9901€45k€-25k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€34k€-34k▼
Income taxes67/77€33k€0▼
Profit (loss) for the period9904€303€-34k▼
Profit (loss) for the period to be appropriated9905€303€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€-34k▼
Profit (loss) brought forward from the previous period14P€68k€0▼
Transfer to equity691/2€69k€0▼
To other reserves6921€69k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €84k | €186k | €224k | ▲ 20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €805 | €8k | €18k | ▲ 118% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1k | - |
| Other operating charges640/8 | €885 | €1k | €1k | ▼ 7.1% |
| Non-recurring operating charges66A | - | - | €164 | - |
| Gross operating margin9900 | €183k | €241k | €219k | ▼ 9.2% |
| Operating profit (loss)9901 | €97k | €45k | €-25k | ▼ 156% |
| Financial income75/76B | €0 | €3 | €0 | ▼ 96.1% |
| Recurring financial income75 | €0 | €3 | €0 | ▼ 96.1% |
| Financial charges65/66B | €71 | €12k | €9k | ▼ 23.6% |
| Recurring financial charges65 | €71 | €12k | €9k | ▼ 23.6% |
| Profit (loss) for the period before taxes9903 | €97k | €34k | €-34k | ▼ 201% |
| Income taxes67/77 | - | €33k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €97k | €303 | €-34k | ▼ 11,377% |
| Profit (loss) for the period to be appropriated9905 | €97k | €303 | €-34k | ▼ 11,377% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €144k | €180k | €144k | ▼ 19.8% |
| Fixed assets21/28 | €12k | €65k | €59k | ▼ 10.2% |
| Tangible fixed assets22/27 | €7k | €61k | €54k | ▼ 11.0% |
| Land and buildings22 | €2k | €2k | €12k | ▲ 526% |
| Plant, machinery and equipment23 | €4k | €9k | €6k | ▼ 37.0% |
| Furniture and vehicles24 | €764 | €50k | €37k | ▼ 26.8% |
| Financial fixed assets28 | €5k | €5k | €5k | = |
| Current assets29/58 | €132k | €114k | €85k | ▼ 25.2% |
| Stocks and contracts in progress3 | - | €15k | €17k | ▲ 13.7% |
| Stocks30/36 | - | €15k | €17k | ▲ 13.7% |
| Amounts receivable within one year40/41 | €32k | €25k | €39k | ▲ 53.2% |
| Trade receivables40 | €29k | €6k | €3k | ▼ 52.0% |
| Other amounts receivable41 | €3k | €20k | €36k | ▲ 83.5% |
| Cash at bank and in hand54/58 | €99k | €73k | €29k | ▼ 60.7% |
| Deferred charges and accrued income490/1 | €1k | €306 | €298 | ▼ 2.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €144k | €180k | €144k | ▼ 19.8% |
| Equity10/15 | €72k | €73k | €39k | ▼ 47.0% |
| Contributions10/11 | €4k | €4k | €4k | = |
| Reserves13 | - | €69k | €69k | = |
| Distributable reserves133 | - | €69k | €69k | = |
| Profit (loss) carried forward14 | €68k | €0 | €-34k | - |
| Amounts payable17/49 | €71k | €107k | €106k | ▼ 1.3% |
| Amounts payable after more than one year17 | - | €33k | €29k | ▼ 13.1% |
| Financial debts170/4 | - | €33k | €29k | ▼ 13.1% |
| Amounts payable within one year42/48 | €71k | €74k | €77k | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | ▲ 9.5% |
| Trade debts44 | €32k | €26k | €40k | ▲ 57.1% |
| Suppliers440/4 | €32k | €26k | €40k | ▲ 57.1% |
| Taxes, remuneration and social security45 | €11k | €43k | €32k | ▼ 23.9% |
| Taxes450/3 | €5k | €29k | €12k | ▼ 59.9% |
| Remuneration and social security454/9 | €6k | €14k | €21k | ▲ 53.6% |
| Other amounts payable47/48 | €29k | €2k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €300 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €97k | €303 | €-34k | ▼ 11,377% |
| + Depreciation and write-downs630 | €805 | €8k | €18k | ▲ 118% |
| Operating cash flow (approximation) | €98k | €8k | €-16k | ▼ 292% |
| Investment in fixed assets (approximation) | - | €-62k | €-11k | ▲ 82.0% |
| Change in cash | - | €-25k | €-44k | ▼ 75.1% |
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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brunehaut · 1 establishment unit since 2023
Ground area
1,896 m²
Building footprint
178 m²
Volume, LiDAR
1,091 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
La Brasserie du Vautour
since 20232.344.970.644
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57010B0045/00D000 | Wallonia | 1,702 m² | 1 · 113 m² | 6.8 m · 2 fl. |
| 57082B0300/00K000 | Wallonia | 194 m² | 1 · 65 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.344.970.644
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,700 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.