BELGIAN CHIPS
ActiveSummary
BELGIAN CHIPS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€10,030) and a net result of €9,380. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 9% of 18935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.74 against 1.35 in 2023; short-term debt: 21.8% and cash: 10.4% of total assets), but equity is negative.
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Signals
Seven 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 →
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
-132.1%
Return on assets
123.5%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 18935 sector peers (2024).
NBB · sector comparisonPosition among 18935 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
81 d late
2022
88 d late
2021
31 d late
2020
31 d late
2019
90 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 64 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€10,030▲ 48.3%
2023 · -€19,410
Total assets
€7,594▼ 37.8%
2023 · €12,202
Net result
€9,380▲ 112%
2023 · €4,433
Working capital
€2,874▲ 211%
2023 · €925
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
Line20202021202220232024
Operating result€1,048▲ 11.1%-€2,013-€6,907▼ 243%€5,158€10,224▲ 98.2%
Net result€1,050within the sector's middle half▲ 11.3%-€2,039within the sector's middle half-€7,418within the sector's middle half▼ 264%€4,433within the sector's middle half€9,380within the sector's middle half▲ 112%
Equity-€14,386below the sector's middle half▲ 6.8%-€16,425below the sector's middle half▼ 14.2%-€23,843below the sector's middle half▼ 45.2%-€19,410below the sector's middle half▲ 18.6%-€10,030below the sector's middle half▲ 48.3%
Total assets€16,625below the sector's middle half▼ 20.1%€14,572below the sector's middle half▼ 12.3%€10,274below the sector's middle half▼ 29.5%€12,202below the sector's middle half▲ 18.8%€7,594below the sector's middle half▼ 37.8%
Debt€31,011▼ 14.4%€30,997=€34,117▲ 10.1%€31,612▼ 7.3%€17,624▼ 44.2%
Working capital€217within the sector's middle half▼ 34.8%€1,895within the sector's middle half▲ 773%€1,534within the sector's middle half▼ 19.1%€925within the sector's middle half▼ 39.7%€2,874within the sector's middle half▲ 211%
Solvency-86.5%below the sector's middle half▼ 12.3pp-112.7%below the sector's middle half▼ 26.2pp-232.1%below the sector's middle half▼ 119.4pp-159.1%below the sector's middle half▲ 73.0pp-132.1%below the sector's middle half▲ 27.0pp
Current ratio1.53within the sector's middle half▼ 0.613.80above the sector's middle half▲ 2.273.07above the sector's middle half▼ 0.731.35within the sector's middle half▼ 1.732.74above the sector's middle half▲ 1.39
Return on assets (ROA)6.3%within the sector's middle half▲ 1.8pp-14.0%below the sector's middle half▼ 20.3pp-72.2%below the sector's middle half▼ 58.2pp36.3%above the sector's middle half▲ 108.5pp123.5%above the sector's middle half▲ 87.2pp
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 98% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7,594
Fixed assets
€3,067 ▼ 64.3%
Current assets
€4,527 ▲ 25.7%
Key figures and ratios
EBITDA
€15,757▲
2023 · €9,158
Cash flow
€14,913▲
2023 · €8,433
Quick ratio
1.84▲
2023 · 1.11
Debt to equity
-1.76▼
2023 · -1.63
Interest coverage
18.67▲
2023 · 12.63
Debt ≤ 1 year
€1,653▼
2023 · €2,677
Debt > 1 year
€15,971▼
2023 · €28,935
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 1.0% 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 497,340 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,176 | €4,000 | €4,000 | €4,000 | €5,533 | ▲ 38.3% |
| Other operating charges640/8 | - | €770 | €459 | €1,077 | €384 | ▼ 64.3% |
| Gross operating margin9900 | €5,671 | €2,757 | -€2,448 | €10,235 | €16,141 | ▲ 57.7% |
| Operating profit (loss)9901 | €1,048 | -€2,013 | -€6,907 | €5,158 | €10,224 | ▲ 98.2% |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | - | €26 | €511 | €725 | €844 | ▲ 16.4% |
| Recurring financial charges65 | - | €26 | €511 | €725 | €844 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €1,050 | -€2,039 | -€7,418 | €4,433 | €9,380 | ▲ 112% |
| Profit (loss) for the period9904 | €1,050 | -€2,039 | -€7,418 | €4,433 | €9,380 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €1,050 | -€2,039 | -€7,418 | €4,433 | €9,380 | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,625 | €14,572 | €10,274 | €12,202 | €7,594 | ▼ 37.8% |
| Fixed assets21/28 | €16,000 | €12,000 | €8,000 | €8,600 | €3,067 | ▼ 64.3% |
| Intangible fixed assets21 | €16,000 | €12,000 | €8,000 | €4,000 | - | - |
| Tangible fixed assets22/27 | - | - | - | €4,600 | €3,067 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | €4,600 | €3,067 | ▼ 33.3% |
| Current assets29/58 | €625 | €2,572 | €2,274 | €3,602 | €4,527 | ▲ 25.7% |
| Stocks and contracts in progress3 | €625 | €625 | €625 | €625 | €1,479 | ▲ 137% |
| Stocks30/36 | - | €625 | €625 | €625 | €1,479 | ▲ 137% |
| Amounts receivable within one year40/41 | - | - | €1,488 | - | - | - |
| Other amounts receivable41 | - | - | €1,488 | - | - | - |
| Cash at bank and in hand54/58 | - | €1,947 | €161 | €716 | €787 | ▲ 9.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,261 | €2,261 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,625 | €14,572 | €10,274 | €12,202 | €7,594 | ▼ 37.8% |
| Equity10/15 | -€14,386 | -€16,425 | -€23,843 | -€19,410 | -€10,030 | ▲ 48.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,741 | €18,592 | ▼ 0.8% |
| Capital10 | - | €18,592 | €18,592 | - | €18,592 | - |
| Issued capital100 | - | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | €3,034 | €3,034 | €3,034 | €2,885 | €3,034 | ▲ 5.2% |
| Non-distributable reserves130/1 | - | €149 | €149 | - | €149 | - |
| Legal reserve130 | - | €149 | €149 | - | €149 | - |
| Distributable reserves133 | - | €2,885 | €2,885 | €2,885 | €2,885 | = |
| Profit (loss) carried forward14 | -€36,012 | -€38,051 | -€45,469 | -€41,036 | -€31,656 | ▲ 22.9% |
| Amounts payable17/49 | €31,011 | €30,997 | €34,117 | €31,612 | €17,624 | ▼ 44.2% |
| Amounts payable after more than one year17 | €30,603 | €30,320 | €33,377 | €28,935 | €15,971 | ▼ 44.8% |
| Other amounts payable178/9 | - | €30,320 | €33,377 | €28,935 | €15,971 | ▼ 44.8% |
| Amounts payable within one year42/48 | €408 | €677 | €740 | €2,677 | €1,653 | ▼ 38.3% |
| Trade debts44 | - | - | - | €2,108 | €343 | ▼ 83.7% |
| Suppliers440/4 | - | - | - | €2,108 | €343 | ▼ 83.7% |
| Taxes, remuneration and social security45 | - | €677 | €740 | €569 | €1,310 | ▲ 130% |
| Taxes450/3 | - | €677 | €740 | €569 | €1,310 | ▲ 130% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,050 | -€2,039 | -€7,418 | €4,433 | €9,380 | ▲ 112% |
| + Depreciation and write-downs630 | €4,176 | €4,000 | €4,000 | €4,000 | €5,533 | ▲ 38.3% |
| Operating cash flow (approximation) | €5,226 | €1,961 | -€3,418 | €8,433 | €14,913 | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€4,600 | €0 | ▲ 100% |
| Change in cash | - | - | -€1,786 | €555 | €71 | ▼ 87.2% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €9,380 ▲112%
Operating result €10,224, net result €9,380, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.74
Current ratio from 1.35 to 2.74; short-term debt falls from €2,677 to €1,653.
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 81 days late
2023
31-12
Financial
Back to profitnet €4,433
Net result €4,433 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Weakest financial yearnet -€7,418
Net result drops to -€7,418, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.80
Current ratio from 1.53 to 3.80.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
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-Lambrechts-Woluwe · 1 establishment unit since 1989
Ground area
234 m²
Building footprint
151 m²
Volume, LiDAR
1,497 m³
2 parcels, Brussels · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELGIAN CHIPS
since 19892.044.125.639
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0149/00T009 | Brussels | 148 m² | 1 · 74 m² | 13.4 m · 4 fl. |
| 21673D0150/00E034 | Brussels | 86 m² | 1 · 78 m² | 12.9 m · 4 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 siteSint-Lambrechts-Woluwe2.044.125.639
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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 21,853 companies in sector 56112 we hold annual accounts for 9,781. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap (oud statuut)
Founded01-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437924514
Also
9925:BE0437924514
Registered
03-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.