BAT
ActiveSummary
The computed 12-month bankruptcy probability of BAT is 4.7% (elevated). The 2025 annual accounts show equity of €13,046 and a net result of -€5,632. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 13484 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability46▲+16
Solvency34▲+1
Growth58=
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.58 against 0.21 in 2023; short-term debt: 43.6% and cash: 12.8% of total assets), and 91.4% of the assets are financed with debt.
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Signals
Four 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
8.6%
Return on assets
-3.7%
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 19-08-2026, 19 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
19 d late
2023
21 d late
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 13 days after the deadline; the sector median for financial year 2023 is 14 days after the deadline, and 55% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,046▲ 9.8%
2023 · €11,887
Total assets
€151,234▼ 1.1%
2023 · €152,982
Net result
-€5,632▲ 32.9%
2023 · -€8,395
Working capital
-€27,911▲ 22.3%
2023 · -€35,921
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232025
Operating result-€9,157--€1,291▲ 85.9%-€461-
Net result-€9,718--€8,395▲ 13.6%-€5,632-
Equity€20,282-€11,887▼ 41.4%€13,046-
Total assets€57,397-€152,982▲ 167%€151,234-
Debt€37,116-€141,095▲ 280%€138,188-
Working capital-€10,321--€35,921▼ 248%-€27,911-
Staff (FTE)0.71.1-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€461 in 2025, compared with -€1,291 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €151,234
Fixed assets
€113,141 ▼ 21.1%
Current assets
€38,093 ▲ 295%
Equity and liabilities €151,234
Equity
€13,046 ▲ 9.8%
Debt
€138,188 ▼ 2.1%
Debt's share of the balance-sheet total falls from 92.2% to 91.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,867▲
2023 · €15,488
Cash flow
€14,696▲
2023 · €8,384
Current ratio
0.58▲
2023 · 0.21
Quick ratio
0.49▲
2023 · 0.14
Debt to equity
10.59▼
2023 · 11.87
ROE
-43.2%▲
2023 · -70.6%
ROA
-3.7%▲
2023 · -5.5%
Interest coverage
3.83▲
2023 · 2.18
Debt ≤ 1 year
€66,004▲
2023 · €45,574
Debt > 1 year
€72,184▼
2023 · €95,521
Staff costs
€50,714▲
2023 · €30,195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,304 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
5.2%
went bankrupt
1.6%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.7% 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 497,058 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% | 1.6% |
| 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 74% 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 1,304 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 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30,195 | €50,714 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €16,779 | €20,328 | - |
| Other operating charges640/8 | €348 | €506 | €1,263 | - |
| Gross operating margin9900 | -€8,809 | €46,189 | €71,845 | - |
| Operating profit (loss)9901 | -€9,157 | -€1,291 | -€461 | - |
| Financial income75/76B | - | - | €13 | - |
| Recurring financial income75 | - | - | €13 | - |
| Financial charges65/66B | €562 | €7,104 | €5,184 | - |
| Recurring financial charges65 | €562 | €7,104 | €5,184 | - |
| Profit (loss) for the period before taxes9903 | -€9,718 | -€8,395 | -€5,632 | - |
| Profit (loss) for the period9904 | -€9,718 | -€8,395 | -€5,632 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,718 | -€8,395 | -€5,632 | - |
| Line | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €57,397 | €152,982 | €151,234 | - |
| Fixed assets21/28 | €30,603 | €143,329 | €113,141 | - |
| Tangible fixed assets22/27 | €25,203 | €135,679 | €105,491 | - |
| Land and buildings22 | - | €0 | - | - |
| Plant, machinery and equipment23 | €6,686 | €16,348 | €20,218 | - |
| Other tangible fixed assets26 | €18,517 | €119,330 | €85,273 | - |
| Financial fixed assets28 | €5,400 | €7,650 | €7,650 | - |
| Current assets29/58 | €26,794 | €9,653 | €38,093 | - |
| Stocks and contracts in progress3 | - | €3,487 | €5,728 | - |
| Stocks30/36 | - | €3,487 | €5,728 | - |
| Amounts receivable within one year40/41 | €13,519 | €0 | €12,997 | - |
| Trade receivables40 | €9,944 | €0 | €4,960 | - |
| Other amounts receivable41 | €3,575 | €0 | €8,037 | - |
| Cash at bank and in hand54/58 | €13,275 | €6,167 | €19,368 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €57,397 | €152,982 | €151,234 | - |
| Equity10/15 | €20,282 | €11,887 | €13,046 | - |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | - |
| Profit (loss) carried forward14 | -€9,718 | -€18,113 | -€16,954 | - |
| Amounts payable17/49 | €37,116 | €141,095 | €138,188 | - |
| Amounts payable after more than one year17 | - | €95,521 | €72,184 | - |
| Financial debts170/4 | - | €95,521 | €72,184 | - |
| Amounts payable within one year42/48 | €37,116 | €45,574 | €66,004 | - |
| Current portion of amounts payable after more than one year42 | €6,875 | €16,513 | €18,177 | - |
| Trade debts44 | €9,715 | €993 | €9,514 | - |
| Suppliers440/4 | €9,715 | €993 | €9,514 | - |
| Taxes, remuneration and social security45 | - | €13,264 | €15,228 | - |
| Taxes450/3 | - | €10,813 | €9,315 | - |
| Remuneration and social security454/9 | - | €2,451 | €5,912 | - |
| Other amounts payable47/48 | €20,525 | €14,804 | €23,086 | - |
| Line | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,718 | -€8,395 | -€5,632 | - |
| + Depreciation and write-downs630 | - | €16,779 | €20,328 | - |
| Operating cash flow (approximation) | -€9,718 | €8,384 | €14,696 | - |
| Investment in fixed assets (approximation) | - | -€129,505 | - | - |
| Change in cash | - | -€7,108 | - | - |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
NBB filing
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, Antwerpen · 1 establishment unit since 2022
Ground area
57 m²
Building footprint
49 m²
Volume, LiDAR
755 m³
Parcel 11804D0825/00C000, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BAT
since 20222.339.038.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0825/00C000 | Flanders | 57 m² | 1 · 49 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 siteAntwerpen2.339.038.796
Similar companies · same sector, comparable size
BARBEAU
BE 0455.101.828
Plombières · Eq €13,042
DROULEZ-OUFELLA
BE 0420.101.753
Tournai · Eq €13,065
A G G S
BE 0888.930.962
Kortrijk · Eq €13,012
CAFE WELKOM BILZEN
BE 0845.493.372
Herentals · Eq €13,082
VERLAMMT
BE 0696.997.557
Gent · Eq €13,084
Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,755 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
Founded08-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
Contact
E-mail
kokanje@hotmail.com
Phone
0488583121
Phone
0488583131Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788392838
Also
9925:BE0788392838
Registered
12-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.