BASIC FOOD
ActiveSummary
The computed 12-month bankruptcy probability of BASIC FOOD is 4.6% (elevated). The 2024 annual accounts show equity of €15,300 and a net result of €24,810. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 18940 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+89
Solvency47▲+39
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.46 against 0.21 in 2023; short-term debt: 77.5% and cash: 19.8% of total assets), and 77.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 2024Solvency, return and age of the figures
Solvency
22.5%
Return on assets
36.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-05-2026, 286 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
286 d late
2023
110 d late
2022
101 d late
2021
466 d late
2020
115 d late
2018
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 184 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€15,300
2023 · -€9,511
Total assets
€68,130▲ 21.7%
2023 · €55,970
Net result
€24,810
2023 · -€3,569
Working capital
-€28,278▲ 45.5%
2023 · -€51,917
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,045-€3,804▼ 84.2%-€24,566-€3,387▲ 86.2%€25,018
Net result€23,892above the sector's middle half-€3,642within the sector's middle half▼ 84.8%-€24,817below the sector's middle half-€3,569within the sector's middle half▲ 85.6%€24,810above the sector's middle half
Equity€15,233within the sector's middle half-€18,875within the sector's middle half▲ 23.9%-€5,941below the sector's middle half-€9,511below the sector's middle half▼ 60.1%€15,300within the sector's middle half
Total assets€55,745within the sector's middle half-€39,732below the sector's middle half▼ 28.7%€42,690below the sector's middle half▲ 7.4%€55,970within the sector's middle half▲ 31.1%€68,130within the sector's middle half▲ 21.7%
Debt€40,512-€20,856▼ 48.5%€48,631▲ 133%€65,481▲ 34.6%€52,830▼ 19.3%
Working capital-€23,718within the sector's middle half--€17,483within the sector's middle half▲ 26.3%-€43,426below the sector's middle half▼ 148%-€51,917below the sector's middle half▼ 19.6%-€28,278within the sector's middle half▲ 45.5%
Solvency27.3%within the sector's middle half-47.5%within the sector's middle half▲ 20.2pp-13.9%below the sector's middle half▼ 61.4pp-17.0%below the sector's middle half▼ 3.1pp22.5%within the sector's middle half▲ 39.4pp
Current ratio0.41below the sector's middle half-0.16below the sector's middle half▼ 0.250.11below the sector's middle half▼ 0.050.21below the sector's middle half▲ 0.100.46below the sector's middle half▲ 0.26
Return on assets (ROA)42.9%above the sector's middle half-9.2%within the sector's middle half▼ 33.7pp-58.1%below the sector's middle half▼ 67.3pp-6.4%within the sector's middle half▲ 51.8pp36.4%above the sector's middle half▲ 42.8pp
Staff (FTE)0.6below the sector's middle half-2.2▲ 267%2▼ 9.1%2.8▲ 40.0%2.8=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €25,018 after a loss of €3,387 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,130
Fixed assets
€43,578 ▲ 2.8%
Current assets
€24,552 ▲ 81.0%
Equity and liabilities €68,130
Equity
€15,300
Debt
€52,830
Debt finances 77.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€27,296▲
2023 · -€2,276
Cash flow
€27,088▲
2023 · -€2,458
Debt to equity
3.45▲
2023 · -6.88
ROE
162.2%
Interest coverage
126.36▲
2023 · -12.47
Debt ≤ 1 year
€52,830▼
2023 · €65,481
Income taxes
-€8
Staff costs
€40,497▲
2023 · €18,365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12,728 | €9,228 | €18,365 | €40,497 | ▲ 121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,531 | €2,593 | €1,368 | €1,111 | €2,278 | ▲ 105% |
| Other operating charges640/8 | - | €454 | €1,646 | €340 | €834 | ▲ 145% |
| Gross operating margin9900 | €40,347 | €19,578 | -€12,324 | €16,429 | €68,627 | ▲ 318% |
| Operating profit (loss)9901 | €24,045 | €3,804 | -€24,566 | -€3,387 | €25,018 | ▲ 839% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €162 | €250 | €182 | €216 | ▲ 18.4% |
| Recurring financial charges65 | €154 | €162 | €250 | €182 | €216 | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €23,892 | €3,642 | -€24,817 | -€3,569 | €24,802 | ▲ 795% |
| Income taxes67/77 | - | - | - | - | -€8 | - |
| Profit (loss) for the period9904 | €23,892 | €3,642 | -€24,817 | -€3,569 | €24,810 | ▲ 795% |
| Profit (loss) for the period to be appropriated9905 | €23,892 | €3,642 | -€24,817 | -€3,569 | €24,810 | ▲ 795% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,745 | €39,732 | €42,690 | €55,970 | €68,130 | ▲ 21.7% |
| Fixed assets21/28 | €38,951 | €36,358 | €37,484 | €42,407 | €43,578 | ▲ 2.8% |
| Intangible fixed assets21 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Tangible fixed assets22/27 | €3,951 | €1,358 | €2,484 | €2,877 | €4,048 | ▲ 40.7% |
| Plant, machinery and equipment23 | - | €1,358 | €1,160 | €721 | €3,099 | ▲ 330% |
| Furniture and vehicles24 | - | - | €1,324 | €2,156 | €949 | ▼ 56.0% |
| Financial fixed assets28 | - | - | - | €4,530 | €4,530 | = |
| Current assets29/58 | €16,795 | €3,374 | €5,206 | €13,563 | €24,552 | ▲ 81.0% |
| Stocks and contracts in progress3 | €2,861 | €2,861 | €2,861 | €2,861 | - | - |
| Stocks30/36 | - | €2,861 | €2,861 | €2,861 | - | - |
| Amounts receivable within one year40/41 | - | - | €791 | €1,783 | €10,937 | ▲ 514% |
| Trade receivables40 | - | - | - | - | €2,872 | - |
| Other amounts receivable41 | - | - | €791 | €1,783 | €8,065 | ▲ 352% |
| Cash at bank and in hand54/58 | €13,596 | €175 | €1,216 | €516 | €13,476 | ▲ 2,510% |
| Deferred charges and accrued income490/1 | - | €337 | €337 | €8,403 | €138 | ▼ 98.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,745 | €39,732 | €42,690 | €55,970 | €68,130 | ▲ 21.7% |
| Equity10/15 | €15,233 | €18,875 | -€5,941 | -€9,511 | €15,300 | ▲ 261% |
| Contributions10/11 | - | €22,500 | €22,500 | €22,500 | €22,500 | = |
| Capital10 | - | €22,500 | - | - | - | - |
| Issued capital100 | - | €22,500 | - | - | - | - |
| Outside capital11 | - | - | €22,500 | €22,500 | - | - |
| Other1109/19 | - | - | €22,500 | €22,500 | - | - |
| Profit (loss) carried forward14 | -€7,267 | -€3,625 | -€28,441 | -€32,011 | -€7,200 | ▲ 77.5% |
| Amounts payable17/49 | €40,512 | €20,856 | €48,631 | €65,481 | €52,830 | ▼ 19.3% |
| Amounts payable within one year42/48 | €40,512 | €20,856 | €48,631 | €65,481 | €52,830 | ▼ 19.3% |
| Trade debts44 | €4,620 | €8,606 | €18,052 | €25,440 | - | - |
| Suppliers440/4 | - | €8,606 | €18,052 | €25,440 | - | - |
| Taxes, remuneration and social security45 | - | €4,712 | €5,290 | €4,297 | €5,427 | ▲ 26.3% |
| Taxes450/3 | - | €209 | €3,133 | €2,500 | €4,127 | ▲ 65.1% |
| Remuneration and social security454/9 | - | €4,503 | €2,157 | €1,797 | €1,300 | ▼ 27.7% |
| Other amounts payable47/48 | - | €7,538 | €25,290 | €35,744 | €47,404 | ▲ 32.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,892 | €3,642 | -€24,817 | -€3,569 | €24,810 | ▲ 795% |
| + Depreciation and write-downs630 | €2,531 | €2,593 | €1,368 | €1,111 | €2,278 | ▲ 105% |
| Operating cash flow (approximation) | €26,423 | €6,235 | -€23,449 | -€2,458 | €27,088 | ▲ 1,202% |
| Investment in fixed assets (approximation) | - | €0 | -€2,494 | -€6,034 | -€3,449 | ▲ 42.8% |
| Change in cash | - | -€13,421 | €1,041 | -€699 | €12,960 | ▲ 1,954% |
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
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 286 days late
2024
31-12
Financial
Back to profitnet €24,810
Net result €24,810 after 2 loss-making years.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 466 days late
2022
31-12
Financial
Weakest financial yearnet -€24,817
Net result drops to -€24,817, the lowest in the series; recovery starts the following year.
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Elsene · 2 establishment units since 2015
Ground area
740 m²
Building footprint
568 m²
Volume, LiDAR
13,605 m³
2 parcels, Brussels · tallest building 33.3 m, ±9 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
BASIC FOOD
since 20152.246.738.645
Urban Kitchen
since 20242.353.776.759
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0242/00C000 | Brussels | 635 m² | 1 · 478 m² | 33.3 m · 9 fl. |
| 21364B0179/00Z002 | Brussels | 105 m² | 1 · 91 m² | 15.4 m · 5 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 siteEtterbeek2.353.776.759
Similar companies · same sector, comparable size
R O B
BE 0464.556.457
Neupré · Eq €15,300
TIBET WOK
BE 0672.907.806
Brussel · Eq €15,302
HEA GROUP
BE 1021.030.017
Heusden-Zolder · Eq €15,295
BELGESTUUT
BE 0770.685.685
Vilvoorde · Eq €15,293
GANSHO FOOD
BE 0755.973.062
Ganshoren · Eq €15,290
Of 21,859 companies in sector 56112 we hold annual accounts for 9,783. 7,713 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
Founded22-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0641824947
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.