Be Burger Brussels

Open bankruptcy

Private limited companyfounded 2016Dumonplein 4, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0660.559.013

A bankruptcy procedure is open for Be Burger Brussels according to publications in the Belgian State Gazette; curator: EMMANUELLE BOUILLON. The 2023 annual accounts show equity of €601k and a net result of €-1.38M.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2023, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1.38M▼ 88.7%

2022 · €-729k

2018: €-242k 2019: €-244k 2020: €-1.40M 2021: €-3.57M 2022: €-729k

2018 → 2023

Working capital

€-363k▲ 66.8%

2022 · €-1.10M

2018: €-375k 2019: €-658k 2020: €-384k 2021: €-683k 2022: €-1.10M

2018 → 2023

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222023Trend

Equity€-18k-€4.92M€1.38M▼ 72.0%€622k▼ 54.9%€601k▼ 3.3%

Operating result€-219k-€-1.39M▼ 531%€-3.52M▼ 154%€-691k▲ 80.4%€-1.32M▼ 90.3%

Net result€-244k-€-1.40M▼ 474%€-3.57M▼ 155%€-729k▲ 79.6%€-1.38M▼ 88.7%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.32M in 2023 against €691k in 2022; the loss grows.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €1.58M

74.1%

25.9%

Fixed assets €1.17M▼ 39.7%

Current assets €409k▼ 24.8%

Equity and liabilities €1.58M

38.1%

61.9%

Equity €601k▼ 3.3%

Debt €978k▼ 47.5%

The debt ratio falls from 75.0% to 61.9%. Equity and debt are lower.

Key figures and ratios

2023 value · change against 2022

EBITDA

€-717k▼

2022 · €-54k

Cash flow

€-777k▼

2022 · €-93k

Solvency

38.1%▲

2022 · 25.0%

Current ratio

0.53▲

2022 · 0.33

Quick ratio

0.47▲

2022 · 0.31

Debt / equity

1.63▼

2022 · 3.00

ROE

-228.8%▼

2022 · -117.3%

ROA

-87.1%▼

2022 · -29.3%

Interest coverage

-8.26▼

2022 · -0.84

Debt

€978k▼

2022 · €1.86M

Debt ≤ 1 year

€772k▼

2022 · €1.64M

Debt > 1 year

€125k▼

2022 · €175k

Staff costs

€1.52M▲

2022 · €1.49M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2023 against 2022

Balance sheet Code20222023

Assets

Total assets20/58€2.48M€1.58M▼

Fixed assets21/28€1.94M€1.17M▼

Intangible fixed assets21€907k€366k▼

Tangible fixed assets22/27€1.02M€785k▼

Plant, machinery and equipment23€254k€206k▼

Furniture and vehicles24€23k€12k▼

Other tangible fixed assets26€739k€568k▼

Financial fixed assets28€20k€20k=

Current assets29/58€543k€409k▼

Stocks and contracts in progress3€42k€45k▲

Stocks30/36€42k€45k▲

Amounts receivable within one year40/41€276k€264k▼

Trade receivables40€82k€62k▼

Other amounts receivable41€194k€202k▲

Cash at bank and in hand54/58€218k€87k▼

Deferred charges and accrued income490/1€7k€13k▲

Equity and liabilities

Total equity and liabilities10/49€2.48M€1.58M▼

Equity10/15€622k€601k▼

Contributions10/11€4.85M€6.23M▲

Profit (loss) carried forward14€-4.31M€-5.68M▼

Investment grants15€78k€52k▼

Amounts payable17/49€1.86M€978k▼

Amounts payable after more than one year17€175k€125k▼

Financial debts170/4€175k€125k▼

Amounts payable within one year42/48€1.64M€772k▼

Current portion of amounts payable after more than one year42€181k€50k▼

Financial debts43€30k-

Credit institutions430/8€30k-

Trade debts44€388k€382k▼

Suppliers440/4€265k€382k▲

Bills of exchange payable441€123k-

Taxes, remuneration and social security45€260k€140k▼

Taxes450/3€27k€22k▼

Remuneration and social security454/9€234k€118k▼

Other amounts payable47/48€780k€199k▼

Accrued charges and deferred income492/3€50k€82k▲

Income statement Code20222023

Remuneration, social security and pensions62€1.49M€1.52M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€637k€599k▼

Other operating charges640/8€9k€3k▼

Non-recurring operating charges66A-€228k

Gross operating margin9900€1.44M€1.04M▼

Operating profit (loss)9901€-691k€-1.32M▼

Financial income75/76B€27k€26k▼

Recurring financial income75€27k€26k▼

Financial charges65/66B€65k€87k▲

Recurring financial charges65€65k€87k▲

Profit (loss) for the period before taxes9903€-729k€-1.38M▼

Income taxes67/77€210-

Profit (loss) for the period9904€-729k€-1.38M▼

Profit (loss) for the period to be appropriated9905€-729k€-1.38M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-4.31M€-5.68M▼

Profit (loss) brought forward from the previous period14P€-3.58M€-4.31M▼

Social balance

Average headcount (FTE)908742.637.4▼

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Signals 1Financial 2Filings 7

2025

01-04

Bankruptcy Opening

Tribunal de l’entreprise francophone de Bruxelles · SRL BE BURGER BRUSSELS PLACE DUMON 4, 1150 WOLUWE-SAINT-PIERRE · event 24-03-2025

2024

16-12

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 138 days late

2023

09-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 101 days late

2022

16-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 108 days late

2021

31-12

Financial Weakest financial yearnet €-3.57M

Net result drops to €-3.57M, the lowest in the series.

23-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 145 days late

2020

31-12

Financial Equity above €2MEq €4.92M

Equity rises from €-18k to €4.92M.

06-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 67 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

09-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Sint-Pieters-Woluwe · 3 establishment units since 2016

establishment All 3 establishment units on the map

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.

Dumonplein 41150 Sint-Pieters-Woluwe

Ground area

743 m²

Building footprint

651 m²

Volume, LiDAR

6,745 m³

3 parcels, Brussels · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.

3 establishment units

Be Burger Place Lux

Luxemburgstraat 43, 1050 ElseneLimited-service restaurants

since 20162.255.444.988

Be Burger Stockel

Dumonplein 4, 1150 Sint-Pieters-WoluweLimited-service restaurants

since 20162.255.447.463

Be Burger Boondael

Boondaalse Steenweg 469, 1050 ElseneLimited-service restaurants

since 20192.289.025.695

3 parcels

Brussels 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21683D0242/00B009	Brussels	325 m²	1 · 306 m²	13.0 m · 3 fl.
21442A0007/00S017	Brussels	280 m²	1 · 207 m²	19.0 m · 4 fl.
21445C0263/00C000	Brussels	138 m²	1 · 138 m²	19.8 m · 6 fl.