Result
Back in profit in 2025, after a loss of €10,207 in 2024.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 32% of them on solvency, 75% on liquidity, 70% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
In July 2024, 1,602 companies had the same profile as BACK2WAVRE has now. Each dot stands for 5 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BACK2WAVRE itself: 1.8% within 12 months.
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 1,602 companies, not a prediction for BACK2WAVRE. 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.
Liquidity is insufficient, with a current ratio of 0.94 (0.86 in 2024), below 1. Short-term debt is 66.8% and cash 52.6% of total assets. 85.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 40 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.
| Company | ||||
|---|---|---|---|---|
| BACK2WAVRE Wavre | €373,828 | €768,807 | 14.5% | 15.5 |
| SWATERBACK Waterloo | €354,123 | €786,921 | -11.6% | 21.1 |
| MC RESTAURANT Tournai | €475,621 | €688,650 | 27.1% | 13.7 |
| ANTICO Bierbeek | €381,346 | €653,168 | 21.6% | 12.7 |
| Het friethuis Kampenhout Kampenhout | €402,304 | €591,715 | 30.0% | 11.1 |
| BROSB Brussels | €314,175 | €482,928 | 46.4% | 14.1 |
| Combats Schilde | €376,628 | €805,515 | 14.3% | 15.7 |
These companies have the same main activity as BACK2WAVRE: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €314,000 and €476,000, founded between 2022 and 2024.
Solvency rose in 2025 from 1.4% to 14.5% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.2m. Estimated: probably between €1.8m and €2.4m.
Higher than 35% of 963 companies in 2025.
Higher than 44% of 942 companies in 2025.
Higher than 78% of 946 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 79 people joined and 87 left.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
373,828 | 335,952 | |
21/28 |
139,077 | 137,783 | |
21 |
89,257 | 101,433 | |
22/27 |
49,460 | 35,989 | |
23 |
2,650 | 3,497 | |
24 |
20,058 | 7,558 | |
26 |
26,752 | 24,934 | |
28 |
360 | 360 | |
29/58 |
234,750 | 198,170 | |
3 |
10,783 | 20,689 | |
30/36 |
10,783 | 20,689 | |
40/41 |
24,985 | 29,325 | |
40 |
24,764 | 1,344 | |
41 |
220 | 27,981 | |
54/58 |
196,593 | 143,338 | |
490/1 |
2,389 | 4,818 | |
| Balance sheet: equity and liabilities | |||
10/49 |
373,828 | 335,952 | |
10/15 |
54,366 | 4,793 | |
10/11 |
15,000 | 15,000 | |
11 |
15,000 | 15,000 | |
1109/19 |
15,000 | 15,000 | |
14 |
39,366 | -10,207 | |
17/49 |
319,461 | 331,160 | |
17 |
69,686 | 99,969 | |
170/4 |
69,686 | 99,969 | |
42/48 |
249,776 | 231,191 | |
42 |
30,558 | 29,192 | |
43 |
- | 6,837 | |
430/8 |
- | 6,837 | |
44 |
73,574 | 111,531 | |
440/4 |
73,574 | 111,531 | |
46 |
18,588 | - | |
45 |
126,082 | 83,632 | |
450/3 |
38,320 | 10,629 | |
454/9 |
87,762 | 73,002 | |
47/48 |
974 | - | |
| Income statement | |||
9900 |
768,807 | 1.1m | |
62 |
657,846 | 1.1m | |
630 |
19,718 | 27,605 | |
640/8 |
3,086 | 3,096 | |
66A |
14 | - | |
9901 |
88,141 | 17,318 | |
75/76B |
420 | 1,728 | |
75 |
420 | 1,728 | |
65/66B |
20,034 | 24,444 | |
65 |
20,034 | 24,444 | |
9903 |
68,527 | -5,398 | |
67/77 |
18,954 | 4,809 | |
9904 |
49,573 | -10,207 | |
9905 |
49,573 | -10,207 | |
| Appropriation of the result | |||
9906 |
39,366 | -10,207 | |
14P |
-10,207 | - | |
| Social balance sheet | |||
9087 |
15.5 | 14.4 | |
Hours worked1013 |
54,476 | 48,671 | |
| Document | |||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 107,860 | 44,923 | ||
| 69,292 | 17,398 | ||
| 21,027 | 165,388 | ||
| 53,256 | - | ||
| -15,025 | -33,021 | ||
| 14.5% | 1.4% | ||
| 0.94 | 0.86 | ||
| 0.90 | 0.77 | ||
| 5.88 | 69.10 | ||
| 91.2% | -213.0% | ||
| 13.3% | -3.0% | ||
| 5.38 | 1.84 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 33 | 41 |
| full-time | 7 | 7 |
| part-time | 26 | 34 |
| in full-time equivalents | 13.8 | 15.9 |
| 15.5 | 14.4 | |
| On a permanent contract | 7 | 7 |
| Joined | 79 | 126 |
| Left | 87 | 85 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €21,027 | €42,291 |
| Intangible fixed assets | - | €122,737 |
| Financial fixed assets | - | €360 |
| €19,718 | €27,605 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5.1 times that of 2024.
Debt's share of the balance-sheet total falls from 98.6% to 85.5%. Equity is higher and debt is lower.
1 other company of this director went bankrupt (2025).
1 other company of this director went bankrupt (2025).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
BACK2WAVRE has no parent and no holdings in its annual accounts.
| SUSHI SHOP BELGIQUE
establishment since 01-10-2020 · founded in 2011 |
72 FTE (2021) 0840.338.516 |
| SSL1 via HPG CONSULTING (no longer at SSL1) and BIO CONSULTING (no longer at SSL1) · Director · deed of 25-04-2024 founded in 2018 · negative equity (2025) |
25 FTE (2025) |
| SUSHI WAVRE - SSW 2 via HPG CONSULTING (no longer at SUSHI WAVRE - SSW 2) and BIO CONSULTING (no longer at SUSHI WAVRE - SSW 2) · Manager · deed of 22-08-2017 No longer active |
13 FTE (2019) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Chaussée de Louvain 198 registered office 1300 Wavre | 24-04-2023 | 2.344.362.811 | Catering |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25772G0347/00A000 | 745 m² | 1 · 118 m² | 13.5 m · 3 |
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