BELBATIS
ActiveSummary
The computed 12-month bankruptcy probability of BELBATIS is 1.6% (moderate). The 2025 annual accounts show negative equity (-€8,207) and a net result of €22,794. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 22% of 13874 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+13
Solvency17▲+17
Growth78=
Track record92
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 7.9 against 7.21 in 2024; short-term debt: 5.9% and cash: 38.3% of total assets), but equity is negative.
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Signals
Nine 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
-7.7%
Return on assets
21.4%
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 22% of 13874 sector peers (2025).
NBB · sector comparisonPosition among 13874 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
20 d late
2022
61 d early
2021
52 d early
2020
17 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 30 July (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€145,064
EBIT margin
7.9%
Net result
€22,794▲ 76.4%
2024 · €12,925
Working capital
€43,392▲ 30.9%
2024 · €33,146
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€145,064
Operating result€22,956▲ 282%€20,277▼ 11.7%€3,933▼ 80.6%€11,507▲ 193%€22,560▲ 96.1%
Net result€23,447within the sector's middle half▲ 241%€20,573above the sector's middle half▼ 12.3%€3,429within the sector's middle half▼ 83.3%€12,925within the sector's middle half▲ 277%€22,794above the sector's middle half▲ 76.4%
EBIT margin7.9%
Equity-€67,929below the sector's middle half▲ 25.7%-€47,355below the sector's middle half▲ 30.3%-€43,927below the sector's middle half▲ 7.2%-€31,001below the sector's middle half▲ 29.4%-€8,207below the sector's middle half▲ 73.5%
Total assets€71,783within the sector's middle half▲ 6.4%€69,947within the sector's middle half▼ 2.6%€73,937within the sector's middle half▲ 5.7%€82,714within the sector's middle half▲ 11.9%€106,460within the sector's middle half▲ 28.7%
Debt€139,712▼ 12.0%€117,303▼ 16.0%€117,863▲ 0.5%€113,715▼ 3.5%€114,667▲ 0.8%
Working capital€32,536within the sector's middle half▲ 23.7%€19,054within the sector's middle half▼ 41.4%€19,463within the sector's middle half▲ 2.1%€33,146within the sector's middle half▲ 70.3%€43,392above the sector's middle half▲ 30.9%
Solvency-94.6%below the sector's middle half▲ 40.9pp-67.7%below the sector's middle half▲ 26.9pp-59.4%below the sector's middle half▲ 8.3pp-37.5%below the sector's middle half▲ 21.9pp-7.7%below the sector's middle half▲ 29.8pp
Current ratio14.92above the sector's middle half▼ 4.365.85above the sector's middle half▼ 9.075.34above the sector's middle half▼ 0.517.21above the sector's middle half▲ 1.877.90above the sector's middle half▲ 0.69
Return on assets (ROA)32.7%above the sector's middle half▲ 22.5pp29.4%above the sector's middle half▼ 3.3pp4.6%within the sector's middle half▼ 24.8pp15.6%within the sector's middle half▲ 11.0pp21.4%above the sector's middle half▲ 5.8pp
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.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 96% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,460
Fixed assets
€56,776 ▲ 28.4%
Current assets
€49,684 ▲ 29.1%
Equity and liabilities
Equity-€8,207
Debt€114,667
Equity is negative: debt (€114,667) exceeds the balance-sheet total (€106,460).
Key figures and ratios
EBITDA
€31,452▲
2024 · €19,438
Cash flow
€31,686▲
2024 · €20,857
Quick ratio
7.71▲
2024 · 6.84
Interest coverage
1981.85▲
2024 · 169.97
Debt ≤ 1 year
€6,293▲
2024 · €5,340
Debt > 1 year
€108,375=
2024 · €108,375
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 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 3,795 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €145,064 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €125,326 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,348 | €4,345 | €7,293 | €7,931 | €8,892 | ▲ 12.1% |
| Other operating charges640/8 | €250 | €405 | €300 | €300 | €390 | ▲ 30.0% |
| Non-recurring operating charges66A | €1,530 | - | - | - | - | - |
| Gross operating margin9900 | €30,084 | €25,026 | €11,526 | €19,738 | €31,842 | ▲ 61.3% |
| Operating profit (loss)9901 | €22,956 | €20,277 | €3,933 | €11,507 | €22,560 | ▲ 96.1% |
| Financial income75/76B | €693 | €396 | €3 | €1,533 | €250 | ▼ 83.7% |
| Recurring financial income75 | €693 | €396 | €3 | €1,533 | €250 | ▼ 83.7% |
| Financial charges65/66B | €201 | €99 | €507 | €114 | €16 | ▼ 86.1% |
| Recurring financial charges65 | €201 | €99 | €507 | €114 | €16 | ▼ 86.1% |
| Profit (loss) for the period before taxes9903 | €23,447 | €20,573 | €3,429 | €12,925 | €22,794 | ▲ 76.4% |
| Profit (loss) for the period9904 | €23,447 | €20,573 | €3,429 | €12,925 | €22,794 | ▲ 76.4% |
| Profit (loss) for the period to be appropriated9905 | €23,447 | €20,573 | €3,429 | €12,925 | €22,794 | ▲ 76.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,783 | €69,947 | €73,937 | €82,714 | €106,460 | ▲ 28.7% |
| Fixed assets21/28 | €36,910 | €46,965 | €49,986 | €44,227 | €56,776 | ▲ 28.4% |
| Tangible fixed assets22/27 | €36,728 | €46,783 | €49,804 | €44,046 | €56,594 | ▲ 28.5% |
| Land and buildings22 | €27,500 | €26,000 | €24,500 | €23,000 | €21,500 | ▼ 6.5% |
| Plant, machinery and equipment23 | €1,738 | €15,707 | €20,376 | €19,063 | €34,844 | ▲ 82.8% |
| Furniture and vehicles24 | €7,490 | €5,077 | €4,928 | €1,983 | €250 | ▼ 87.4% |
| Financial fixed assets28 | €182 | €182 | €182 | €182 | €182 | = |
| Current assets29/58 | €34,873 | €22,983 | €23,951 | €38,486 | €49,684 | ▲ 29.1% |
| Stocks and contracts in progress3 | €2,602 | €3,209 | €4,181 | €1,967 | €1,163 | ▼ 40.9% |
| Stocks30/36 | €2,602 | €3,209 | €4,181 | €1,967 | €1,163 | ▼ 40.9% |
| Amounts receivable within one year40/41 | €1,677 | €3,471 | €1,914 | €2,347 | €7,767 | ▲ 231% |
| Trade receivables40 | - | €3,445 | €112 | €803 | €7,350 | ▲ 815% |
| Other amounts receivable41 | €1,677 | €26 | €1,802 | €1,544 | €417 | ▼ 73.0% |
| Cash at bank and in hand54/58 | €30,594 | €16,303 | €17,856 | €34,172 | €40,755 | ▲ 19.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,783 | €69,947 | €73,937 | €82,714 | €106,460 | ▲ 28.7% |
| Equity10/15 | -€67,929 | -€47,355 | -€43,927 | -€31,001 | -€8,207 | ▲ 73.5% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | €62,000 | €62,000 | - | - | - | - |
| Other1109/19 | €62,000 | €62,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€129,929 | -€109,355 | -€105,927 | -€93,001 | -€70,207 | ▲ 24.5% |
| Amounts payable17/49 | €139,712 | €117,303 | €117,863 | €113,715 | €114,667 | ▲ 0.8% |
| Amounts payable after more than one year17 | €137,375 | €113,375 | €113,375 | €108,375 | €108,375 | = |
| Financial debts170/4 | €137,375 | €113,375 | €113,375 | €108,375 | €108,375 | = |
| Amounts payable within one year42/48 | €2,337 | €3,928 | €4,489 | €5,340 | €6,293 | ▲ 17.8% |
| Trade debts44 | €2,337 | €3,876 | €4,413 | €4,415 | €4,561 | ▲ 3.3% |
| Suppliers440/4 | €2,337 | €3,876 | €4,413 | €4,415 | €4,561 | ▲ 3.3% |
| Advances received on contracts in progress46 | - | - | - | - | €40 | - |
| Taxes, remuneration and social security45 | - | €52 | - | - | €615 | - |
| Taxes450/3 | - | €52 | - | - | €615 | - |
| Other amounts payable47/48 | - | - | €76 | €926 | €1,077 | ▲ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,447 | €20,573 | €3,429 | €12,925 | €22,794 | ▲ 76.4% |
| + Depreciation and write-downs630 | €5,348 | €4,345 | €7,293 | €7,931 | €8,892 | ▲ 12.1% |
| Operating cash flow (approximation) | €28,796 | €24,918 | €10,722 | €20,857 | €31,686 | ▲ 51.9% |
| Investment in fixed assets (approximation) | - | -€14,400 | -€10,314 | -€2,173 | -€21,440 | ▼ 887% |
| Change in cash | - | -€14,291 | €1,553 | €16,316 | €6,583 | ▼ 59.7% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
08-12
KBO administration
Address struck
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €23,447 ▲241%
Operating result €22,956, net result €23,447, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Back to profitnet €6,871
Net result €6,871 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 19.28
Current ratio from 5.60 to 19.28; short-term debt falls from €3,827 to €1,439.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet -€11,501
Net result drops to -€11,501, the lowest in the series; recovery starts the following year.
Show earlier events
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Enghien · 1 establishment unit since 2008
Ground area
1,430 m²
Building footprint
330 m²
Volume, LiDAR
1,624 m³
2 parcels, Wallonia · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Gérard Dubois 1, 7800 Ath
since 2008unit no. 2.168.581.290
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025C0054/00D000 | Wallonia | 1,272 m² | 1 · 270 m² | 5.5 m · 1 fl. |
| 51004A0080/00Y067 | Wallonia | 157 m² | 1 · 60 m² | 12.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAthunit no. 2.168.581.290
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,786. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded17-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861139571
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.