BELGIAN DREAM
ActiveSummary
The computed 12-month bankruptcy probability of BELGIAN DREAM is 2.4% (moderate). The 2025 annual accounts show negative equity (-€11,236) and a net result of -€7,196. Equity is shrinking by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 309 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-9
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.01 against 5.18 in 2024; short-term debt: 24.9% and cash: 27.8% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-87.1%
Return on assets
-55.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€11,236
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
25 d early
2023
7 d early
2022
18 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€11,236▼ 178%
2024 · -€4,040
Total assets
€12,905▼ 48.4%
2024 · €25,002
Net result
-€7,196
2024 · €8,277
Working capital
€9,688▼ 52.0%
2024 · €20,173
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,334--€1,630▲ 87.8%-€5,576▼ 242%€8,796-€6,743
Net result-€13,665within the sector's middle half--€1,857within the sector's middle half▲ 86.4%-€5,796within the sector's middle half▼ 212%€8,277above the sector's middle half-€7,196within the sector's middle half
Equity-€4,665below the sector's middle half--€6,521within the sector's middle half▼ 39.8%-€12,317within the sector's middle half▼ 88.9%-€4,040within the sector's middle half▲ 67.2%-€11,236within the sector's middle half▼ 178%
Total assets€5,229below the sector's middle half-€4,533below the sector's middle half▼ 13.3%€15,690below the sector's middle half▲ 246%€25,002below the sector's middle half▲ 59.3%€12,905below the sector's middle half▼ 48.4%
Debt€9,894-€11,054▲ 11.7%€28,007▲ 153%€29,041▲ 3.7%€24,140▼ 16.9%
Working capital-€4,665within the sector's middle half-€4,210within the sector's middle half€13,176within the sector's middle half▲ 213%€20,173within the sector's middle half▲ 53.1%€9,688within the sector's middle half▼ 52.0%
Solvency-89.2%below the sector's middle half--78.5%below the sector's middle half-16.2%below the sector's middle half▲ 62.3pp-87.1%below the sector's middle half▼ 70.9pp
Current ratio0.53below the sector's middle half-6.24above the sector's middle half5.18above the sector's middle half▼ 1.064.01above the sector's middle half▼ 1.17
Return on assets (ROA)-261.3%below the sector's middle half--36.9%below the sector's middle half33.1%above the sector's middle half▲ 70.0pp-55.8%below the sector's middle half▼ 88.9pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, 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
The operating result turns negative in 2025: a loss of €6,743 after €8,796 in 2024.
Key figures and ratios
Quick ratio
1.93▼
2024 · 3.89
Debt to equity
-2.15▲
2024 · -7.19
Debt ≤ 1 year
€3,216▼
2024 · €4,829
Debt > 1 year
€20,924▼
2024 · €24,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 6,010 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €436 | €386 | €577 | €580 | €593 | ▲ 2.1% |
| Gross operating margin9900 | -€12,898 | -€1,244 | -€4,998 | €9,376 | -€6,150 | ▼ 166% |
| Operating profit (loss)9901 | -€13,334 | -€1,630 | -€5,576 | €8,796 | -€6,743 | ▼ 177% |
| Financial income75/76B | - | €1 | €0 | €0 | - | - |
| Recurring financial income75 | - | €1 | €0 | €0 | - | - |
| Financial charges65/66B | €330 | €227 | €220 | €518 | €453 | ▼ 12.6% |
| Recurring financial charges65 | €330 | €227 | €220 | €518 | €453 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | -€13,665 | -€1,857 | -€5,796 | €8,277 | -€7,196 | ▼ 187% |
| Profit (loss) for the period9904 | -€13,665 | -€1,857 | -€5,796 | €8,277 | -€7,196 | ▼ 187% |
| Profit (loss) for the period to be appropriated9905 | -€13,665 | -€1,857 | -€5,796 | €8,277 | -€7,196 | ▼ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,229 | €4,533 | €15,690 | €25,002 | €12,905 | ▼ 48.4% |
| Current assets29/58 | €5,229 | €4,533 | €15,690 | €25,002 | €12,905 | ▼ 48.4% |
| Stocks and contracts in progress3 | €2,863 | €2,547 | €6,838 | €6,213 | €6,697 | ▲ 7.8% |
| Stocks30/36 | €2,863 | €2,547 | €6,838 | €6,213 | €6,697 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €361 | €575 | €2,041 | €239 | €2,621 | ▲ 998% |
| Trade receivables40 | - | €575 | €646 | €239 | €2,621 | ▲ 998% |
| Other amounts receivable41 | €361 | - | €1,396 | €0 | - | - |
| Cash at bank and in hand54/58 | €1,944 | €1,411 | €6,811 | €18,404 | €3,587 | ▼ 80.5% |
| Deferred charges and accrued income490/1 | €61 | - | - | €146 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,229 | €4,533 | €15,690 | €25,002 | €12,905 | ▼ 48.4% |
| Equity10/15 | -€4,665 | -€6,521 | -€12,317 | -€4,040 | -€11,236 | ▼ 178% |
| Contributions10/11 | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Profit (loss) carried forward14 | -€13,665 | -€15,521 | -€21,317 | -€13,040 | -€20,236 | ▼ 55.2% |
| Amounts payable17/49 | €9,894 | €11,054 | €28,007 | €29,041 | €24,140 | ▼ 16.9% |
| Amounts payable after more than one year17 | - | €10,731 | €25,493 | €24,213 | €20,924 | ▼ 13.6% |
| Financial debts170/4 | - | €10,731 | €25,493 | €24,213 | €20,924 | ▼ 13.6% |
| Amounts payable within one year42/48 | €9,894 | €323 | €2,515 | €4,829 | €3,216 | ▼ 33.4% |
| Current portion of amounts payable after more than one year42 | €1,706 | - | €2,515 | €2,581 | €2,650 | ▲ 2.7% |
| Trade debts44 | €594 | - | - | €134 | €432 | ▲ 222% |
| Suppliers440/4 | €594 | - | - | €134 | €432 | ▲ 222% |
| Taxes, remuneration and social security45 | - | €323 | - | €2,113 | €134 | ▼ 93.7% |
| Taxes450/3 | - | €323 | - | €2,113 | €134 | ▼ 93.7% |
| Other amounts payable47/48 | €7,594 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,665 | -€1,857 | -€5,796 | €8,277 | -€7,196 | ▼ 187% |
| Operating cash flow (approximation) | -€13,665 | -€1,857 | -€5,796 | €8,277 | -€7,196 | ▼ 187% |
| Change in cash | - | -€533 | €5,400 | €11,593 | -€14,817 | ▼ 228% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8,277
Net result €8,277 after 3 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 27current ratio 14.03
Current ratio from 0.53 to 14.03; short-term debt falls from €9,894 to €323.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Binche · 1 establishment unit since 2020
Ground area
552 m²
Building footprint
43 m²
Volume, LiDAR
365 m³
Parcel 55032B0390/00A005, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Belgian Dream
since 20202.305.727.513
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55032B0390/00A005 | Wallonia | 552 m² | 1 · 43 m² | 10.2 m · 3 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 siteBinche2.305.727.513
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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 729 companies in sector 11050 we hold annual accounts for 352. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
11050Manufacture of beer
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751787909
Also
9925:BE0751787909
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.