BCD HORECA
ActiveSummary
The computed 12-month bankruptcy probability of BCD HORECA is 5.9% (elevated). The 2025 annual accounts show negative equity (-€97,865) and a net result of €14,331. Equity is shrinking by ~47% per year across the filed fiscal years. Its solvency ranks better than 8% of 3833 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101
1 site
How big
€86,407total assets 2025
- Staff
- 3 FTE
- Equity
- -€97,865
- Profit
- €14,331
Turnover not published (abridged schema)Staff (FTE) -85%: other schema
Who decides
Accounts on time0 of 2 deeds read
Why 39- Higher-failure-rate sector- Limited track record- Annual accounts: weaker financial profile- Higher-failure-rate region- Weak solvency vs sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+74
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.33 in 2024; short-term debt: 195.7% and cash: 67.9% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
-113.3%
Return on assets
16.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 3833 sector peers (2025).
NBB · sector comparisonPosition among 3833 sector peers
Solvency
better than 8%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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. Usually files around 31 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €14,331
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €86,407Profit €14,331Solvency -113.3%Liquidity 0.49
Total assets
€86,407▲ 51.4%
2022 - 2025
Net result
€14,331
2022 - 2025
Equity
-€97,865▲ 12.8%
2022 - 2025
Staff (FTE)
3▼ 85.3%
2022 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€15,575--€63,735▼ 309%-€41,138▲ 35.5%€21,336
Net result-€16,701below the sector's middle half--€65,089below the sector's middle half▼ 290%-€45,407below the sector's middle half▲ 30.2%€14,331within the sector's middle half
Equity-€1,701within the sector's middle half--€66,790below the sector's middle half▼ 3,827%-€112,196below the sector's middle half▼ 68.0%-€97,865below the sector's middle half▲ 12.8%
Total assets€78,989within the sector's middle half-€98,393within the sector's middle half▲ 24.6%€57,087within the sector's middle half▼ 42.0%€86,407below the sector's middle half▲ 51.4%
Debt€80,690-€165,182▲ 105%€169,283▲ 2.5%€184,272▲ 8.9%
Working capital-€37,858below the sector's middle half--€35,079below the sector's middle half▲ 7.3%-€97,069below the sector's middle half▼ 177%-€85,655below the sector's middle half▲ 11.8%
Solvency-2.2%within the sector's middle half--67.9%below the sector's middle half▼ 65.7pp-196.5%below the sector's middle half▼ 128.7pp-113.3%below the sector's middle half▲ 83.3pp
Current ratio0.52within the sector's middle half-0.67within the sector's middle half▲ 0.150.33below the sector's middle half▼ 0.340.49below the sector's middle half▲ 0.16
Return on assets (ROA)-21.1%below the sector's middle half--66.2%below the sector's middle half▼ 45.0pp-79.5%below the sector's middle half▼ 13.4pp16.6%above the sector's middle half▲ 96.1pp
Staff (FTE)0.3-25▲ 8,233%20.4▼ 18.4%3below the sector's middle half▼ 85.3%
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Staff (FTE) -85% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,336 after a loss of €41,138 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86,407
Fixed assets
€2,950 ▼ 66.0%
Current assets
€83,457 ▲ 73.0%
Equity and liabilities
Equity-€97,865
Debt€184,272
Equity is negative: debt (€184,272) exceeds the balance-sheet total (€86,407).
Key figures and ratios
Key figures and ratios
EBITDA
€30,973▲
2024 · -€24,021
Cash flow
€23,967▲
2024 · -€28,290
Quick ratio
0.41▲
2024 · 0.24
Interest coverage
4.10▲
2024 · -5.14
Debt ≤ 1 year
€169,112▲
2024 · €145,297
Debt > 1 year
€14,225▼
2024 · €23,986
Income taxes
€0
Staff costs
€214,577▲
2024 · €211,836
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,018 companies that looked in July 2024 the way this one looks now, 6.5% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
6.5%
went bankrupt
4.0%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,018 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.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €378,642 | - |
| Remuneration, social security and pensions62 | €40,377 | €160,092 | €211,836 | €214,577 | ▲ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,258 | €17,117 | €17,117 | €9,636 | ▼ 43.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - |
| Other operating charges640/8 | €3,063 | €2,804 | €5,951 | €4,674 | ▼ 21.4% |
| Operating charges capitalised as restructuring costs649 | - | - | - | €0 | - |
| Non-recurring operating charges66A | - | - | - | €0 | - |
| Gross operating margin9900 | €36,124 | €116,277 | €193,765 | €250,224 | ▲ 29.1% |
| Operating profit (loss)9901 | -€15,575 | -€63,735 | -€41,138 | €21,336 | ▲ 152% |
| Financial income75/76B | €13 | €3,031 | €402 | €553 | ▲ 37.7% |
| Recurring financial income75 | €13 | €3,031 | €402 | €553 | ▲ 37.7% |
| Non-recurring financial income76B | - | - | - | €0 | - |
| Financial charges65/66B | €1,139 | €4,384 | €4,670 | €7,559 | ▲ 61.8% |
| Recurring financial charges65 | €1,139 | €4,384 | €4,670 | €7,559 | ▲ 61.8% |
| Non-recurring financial charges66B | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | -€16,701 | -€65,089 | -€45,407 | €14,331 | ▲ 132% |
| Transfer from deferred taxes780 | - | - | - | €0 | - |
| Transfer to deferred taxes680 | - | - | - | €0 | - |
| Income taxes67/77 | - | - | - | €0 | - |
| Profit (loss) for the period9904 | -€16,701 | -€65,089 | -€45,407 | €14,331 | ▲ 132% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0 | - |
| Profit (loss) for the period to be appropriated9905 | -€16,701 | -€65,089 | -€45,407 | €14,331 | ▲ 132% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €78,989 | €98,393 | €57,087 | €86,407 | ▲ 51.4% |
| Formation expenses20 | €956 | €572 | €189 | €0 | ▼ 100% |
| Fixed assets21/28 | €36,390 | €25,404 | €8,670 | €2,950 | ▼ 66.0% |
| Intangible fixed assets21 | €2,011 | €1,178 | €345 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €34,378 | €24,226 | €8,326 | €2,950 | ▼ 64.6% |
| Land and buildings22 | €1,831 | €4,154 | €1,932 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €30,299 | €18,696 | €5,890 | €2,950 | ▼ 49.9% |
| Furniture and vehicles24 | €2,248 | €1,376 | €504 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | €0 | - |
| Other tangible fixed assets26 | - | - | - | €0 | - |
| Assets under construction and advance payments27 | - | - | - | €0 | - |
| Financial fixed assets28 | - | - | - | €0 | - |
| Current assets29/58 | €41,644 | €72,416 | €48,228 | €83,457 | ▲ 73.0% |
| Amounts receivable after more than one year29 | - | - | - | €0 | - |
| Trade receivables290 | - | - | - | €0 | - |
| Other amounts receivable291 | - | - | - | €0 | - |
| Stocks and contracts in progress3 | €15,260 | €15,394 | €13,803 | €14,112 | ▲ 2.2% |
| Stocks30/36 | €15,260 | €15,394 | €13,803 | €14,112 | ▲ 2.2% |
| Contracts in progress37 | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €10,543 | €13,335 | €11,652 | €10,635 | ▼ 8.7% |
| Trade receivables40 | - | €3,532 | €1,871 | €1,234 | ▼ 34.0% |
| Other amounts receivable41 | €10,543 | €9,804 | €9,782 | €9,400 | ▼ 3.9% |
| Current investments50/53 | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €7,921 | €41,527 | €20,908 | €58,710 | ▲ 181% |
| Deferred charges and accrued income490/1 | €7,920 | €2,159 | €1,863 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €78,989 | €98,393 | €57,087 | €86,407 | ▲ 51.4% |
| Equity10/15 | -€1,701 | -€66,790 | -€112,196 | -€97,865 | ▲ 12.8% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Revaluation surpluses12 | - | - | - | €0 | - |
| Reserves13 | - | - | - | €0 | - |
| Non-distributable reserves130/1 | - | - | - | €0 | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - |
| Own shares acquired1312 | - | - | - | €0 | - |
| Financial assistance1313 | - | - | - | €0 | - |
| Other1319 | - | - | - | €0 | - |
| Tax-exempt reserves132 | - | - | - | €0 | - |
| Distributable reserves133 | - | - | - | €0 | - |
| Profit (loss) carried forward14 | -€16,701 | -€81,790 | -€127,196 | -€112,865 | ▲ 11.3% |
| Investment grants15 | - | - | - | €0 | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | €0 | - |
| Provisions and deferred taxes16 | - | - | - | €0 | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - |
| Pensions and similar obligations160 | - | - | - | €0 | - |
| Taxes161 | - | - | - | €0 | - |
| Major repairs and maintenance162 | - | - | - | €0 | - |
| Environmental obligations163 | - | - | - | €0 | - |
| Other liabilities and charges164/5 | - | - | - | €0 | - |
| Deferred taxes168 | - | - | - | €0 | - |
| Amounts payable17/49 | €80,690 | €165,182 | €169,283 | €184,272 | ▲ 8.9% |
| Amounts payable after more than one year17 | - | €34,464 | €23,986 | €14,225 | ▼ 40.7% |
| Financial debts170/4 | - | €34,464 | €23,986 | €14,225 | ▼ 40.7% |
| Trade debts175 | - | - | - | €0 | - |
| Advances received on contracts in progress176 | - | - | - | €0 | - |
| Other amounts payable178/9 | - | - | - | €0 | - |
| Amounts payable within one year42/48 | €79,502 | €107,495 | €145,297 | €169,112 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | - | €8,608 | €9,613 | €9,761 | ▲ 1.5% |
| Financial debts43 | - | - | - | €0 | - |
| Credit institutions430/8 | - | - | - | €0 | - |
| Other loans439 | - | - | - | €0 | - |
| Trade debts44 | €17,418 | €10,359 | €31,438 | €24,447 | ▼ 22.2% |
| Suppliers440/4 | €17,418 | €9,959 | €31,438 | €24,047 | ▼ 23.5% |
| Bills of exchange payable441 | - | €400 | - | €400 | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | €13,885 | €41,742 | €58,063 | €89,283 | ▲ 53.8% |
| Taxes450/3 | €7,868 | €12,133 | €15,461 | €27,937 | ▲ 80.7% |
| Remuneration and social security454/9 | €6,017 | €29,609 | €42,602 | €61,346 | ▲ 44.0% |
| Other amounts payable47/48 | €48,199 | €46,786 | €46,183 | €45,620 | ▼ 1.2% |
| Accrued charges and deferred income492/3 | €1,188 | €23,223 | - | €935 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,701 | -€65,089 | -€45,407 | €14,331 | ▲ 132% |
| + Depreciation and write-downs630 | €8,258 | €17,117 | €17,117 | €9,636 | ▼ 43.7% |
| Operating cash flow (approximation) | -€8,443 | -€47,972 | -€28,290 | €23,967 | ▲ 185% |
| Investment in fixed assets (approximation) | - | -€6,131 | -€383 | -€3,916 | ▼ 922% |
| Change in cash | - | €33,606 | -€20,619 | €37,802 | ▲ 283% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Similar companies · same sector, comparable size
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BE 0547.643.192
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CHÂTEAU H
BE 0642.718.238
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Of 20,517 companies in this sector we hold annual accounts for 11,468. 2,500 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Timeline
6 eventsLatest 31-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €14,331
Net result €14,331 after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€65,089
Net result drops to -€65,089, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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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Support & recognitions
1 register with a recognitionFASFC 1 site
FASFC
1
authorised site
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiègeunit no. 2.333.058.153
Company details
Private limited company · founded 13-06-2022Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded13-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
Contact
E-mail
bcd.horeca.campus@gmail.com
Phone
+3243612616
Phone
04 361 26 16Liège
E-invoicing
Reachable via Peppol
Peppol ID
0208:0787199441
Registered
25-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2022
Ground area
1,472 m²
Building footprint
134 m²
Volume, LiDAR
728 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Le Campus
since 2022unit no. 2.333.058.153
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0772/00A000 | Wallonia | 994 m² | 1 · 99 m² | 7.8 m · 2 fl. |
| 62002C0766/00A000 | Wallonia | 478 m² | 1 · 35 m² | 10.3 m · 3 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.
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