Barge restaurant
ActiveSummary
The computed 12-month bankruptcy probability of Barge restaurant is 2.5% (moderate). The 2025 annual accounts show equity of €349k and a net result of €94k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 810 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-1
Solvency66▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.23 in 2024; short-term debt: 39.8% and cash: 53.7% of total assets), but 58.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 56
higher
← 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
41.1%
Return on assets
11.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
27 d early
2023
on the day
2022
13 d early
2021
6 d early
2020
27 d late
2019
92 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€94k▲ 16.7%
2024 · €81k
2018: €7k
2019: €29k
2020: €41k
2021: €35k
2022: €51k
2023: €48k
2024: €81k
2018 → 2025
Working capital
€179k▲ 258%
2024 · €50k
2018: €-26k
2019: €19k
2020: €48k
2021: €81k
2022: €134k
2023: €139k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€186k▲ 34.7%€296k▲ 59.1%€252k▼ 14.8%€349k▲ 38.3%
Operating result€47k-€74k▲ 55.9%€132k▲ 78.5%€116k▼ 11.7%€118k▲ 0.9%
Net result€35k-€51k▲ 46.3%€48k▼ 5.4%€81k▲ 67.1%€94k▲ 16.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €849k
Fixed assets
€331k ▼ 17.2%
Current assets
€517k ▲ 94.7%
Equity and liabilities €849k
Equity
€349k ▲ 38.3%
Debt
€499k ▲ 20.8%
Debt's share of the balance-sheet total falls from 62.1% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€211k▲
2024 · €208k
Cash flow
€187k▲
2024 · €172k
Current ratio
1.53▲
2024 · 1.23
Quick ratio
1.41▲
2024 · 1.09
Debt to equity
1.43▼
2024 · 1.64
ROE
27.0%▼
2024 · 32.0%
ROA
11.1%▼
2024 · 12.1%
Interest coverage
9.76▲
2024 · 9.16
Debt ≤ 1 year
€338k▲
2024 · €215k
Debt > 1 year
€155k▼
2024 · €198k
Income taxes
€17k▼
2024 · €24k
Staff costs
€431k▲
2024 · €385k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€666k€849k▲
Fixed assets21/28€400k€331k▼
Tangible fixed assets22/27€399k€331k▼
Land and buildings22€6k€2k▼
Plant, machinery and equipment23€2k€951▼
Furniture and vehicles24€177k€131k▼
Other tangible fixed assets26€214k€197k▼
Financial fixed assets28€770€770=
Current assets29/58€266k€517k▲
Stocks and contracts in progress3€31k€39k▲
Stocks30/36€31k€39k▲
Amounts receivable within one year40/41€9k€16k▲
Trade receivables40€3k€7k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€219k€456k▲
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€666k€849k▲
Equity10/15€252k€349k▲
Contributions10/11€19k€19k=
Reserves13€199k€293k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Tax-exempt reserves132€42k€67k▲
Distributable reserves133€155k€226k▲
Investment grants15€35k€37k▲
Amounts payable17/49€413k€499k▲
Amounts payable after more than one year17€198k€155k▼
Financial debts170/4€198k€155k▼
Other amounts payable178/9€10-
Amounts payable within one year42/48€215k€338k▲
Current portion of amounts payable after more than one year42€41k€43k▲
Financial debts43€105€50▼
Credit institutions430/8€105€50▼
Trade debts44€65k€163k▲
Suppliers440/4€65k€163k▲
Advances received on contracts in progress46€47k€41k▼
Taxes, remuneration and social security45€46k€76k▲
Taxes450/3€18k€43k▲
Remuneration and social security454/9€28k€33k▲
Other amounts payable47/48€16k€15k▼
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Remuneration, social security and pensions62€385k€431k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€93k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€595k€643k▲
Operating profit (loss)9901€116k€118k▲
Financial income75/76B€11k€15k▲
Recurring financial income75€11k€15k▲
Financial charges65/66B€23k€22k▼
Recurring financial charges65€23k€22k▼
Profit (loss) for the period before taxes9903€105k€111k▲
Income taxes67/77€24k€17k▼
Profit (loss) for the period9904€81k€94k▲
Transfer to tax-exempt reserves689-€25k
Profit (loss) for the period to be appropriated9905€81k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€69k▼
Transfer from equity791/2€130k-
Transfer to equity691/2€81k€69k▼
To other reserves6921€81k€69k▼
Profit to be distributed694/7€130k-
Return on contributions (dividend)694€130k-
Social balance
Average headcount (FTE)90877.78.8▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €94k ▲16.7%
Net result €94k, the highest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200kEq €296k ▲59.1%
6 profitable years in a row build equity to €296k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €150kEq €186k ▲34.7%
5 profitable years in a row build equity to €186k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €100kEq €107k ▲54.2%
3 profitable years in a row build equity to €107k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.49 to 1.17.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brussel · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ieperlaan 331000 BrusselGround area
575 m²
Building footprint
574 m²
Volume, LiDAR
10,007 m³
Parcel 21812N1454/00V010, Brussels · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Avitabile & Cavorzin
since 20152.250.143.345
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1454/00V010 | Brussels | 574 m² | 1 · 574 m² | 23.3 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteBrussel2.250.143.345
Similar companies · same sector, comparable size
KYTPartners
BE 0508.958.604
Lier · Eq €349,110
HSIM
BE 0746.942.065
Brussel · Eq €349,245
LA MALCONTENTA
BE 0846.827.024
Gent · Eq €348,732
SAN MARCO PRIMO
BE 0457.325.801
Roeselare · Eq €348,709
LICA
BE 0640.898.596
Schaarbeek · Eq €348,572
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 5,352 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.