BELJEKA SYSTEM
ActiveSummary
The computed 12-month bankruptcy probability of BELJEKA SYSTEM is 2.5% (moderate). The 2024 annual accounts show negative equity (-€5,085) and a net result of -€20,932. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 1762 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-3
Solvency21▼-13
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.12 in 2023; short-term debt: 104% and cash: 0% of total assets), and 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 · 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
-4%
Return on assets
-16.6%
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€5,085
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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
11 d late
2023
11 d late
2022
24 d late
2021
15 d late
2020
24 d late
2019
101 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 31 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€20,932
2023 · €10,766
Working capital
-€104,672▲ 21.6%
2023 · -€133,534
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-€317▲ 43.1%-€4,314€10,766-€19,017
Net result-€317within the sector's middle half▲ 70.1%-€4,314within the sector's middle half€10,766within the sector's middle half-€20,932below the sector's middle half
Equity€9,395within the sector's middle half▲ 38.1%€9,395within the sector's middle half=€5,081within the sector's middle half▼ 45.9%€15,847within the sector's middle half▲ 212%-€5,085within the sector's middle half
Total assets€31,968below the sector's middle half▼ 31.5%€31,968below the sector's middle half=€245,842above the sector's middle half▲ 669%€168,393within the sector's middle half▼ 31.5%€125,970within the sector's middle half▼ 25.2%
Debt€22,573▼ 43.4%€22,573=€240,761▲ 967%€152,546▼ 36.6%€131,055▼ 14.1%
Working capital€9,395within the sector's middle half▲ 38.1%€9,395within the sector's middle half=-€170,125below the sector's middle half-€133,534below the sector's middle half▲ 21.5%-€104,672below the sector's middle half▲ 21.6%
Solvency29.4%within the sector's middle half▲ 14.8pp29.4%within the sector's middle half=2.1%within the sector's middle half▼ 27.3pp9.4%within the sector's middle half▲ 7.3pp-4.0%below the sector's middle half▼ 13.4pp
Current ratio1.42within the sector's middle half▲ 0.251.42within the sector's middle half=0.22below the sector's middle half▼ 1.200.12below the sector's middle half▼ 0.090.20below the sector's middle half▲ 0.08
Return on assets (ROA)-1.0%within the sector's middle half▲ 1.3pp-1.8%within the sector's middle half6.4%within the sector's middle half▲ 8.1pp-16.6%below the sector's middle half▼ 23.0pp
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
The operating result turns negative in 2024: a loss of €19,017 after €10,766 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125,970
Fixed assets
€99,587 ▼ 33.3%
Current assets
€26,383 ▲ 38.8%
Key figures and ratios
EBITDA
€30,777▼
2023 · €60,560
Cash flow
€28,862▼
2023 · €60,560
Debt to equity
-25.77▼
2023 · 9.63
Interest coverage
349.74
Debt ≤ 1 year
€131,055▼
2023 · €152,546
Income taxes
€1,827
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 6,621 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 | - | - | €49,794 | €49,794 | €49,794 | = |
| Other operating charges640/8 | - | - | - | €23,440 | €423 | ▼ 98.2% |
| Gross operating margin9900 | - | - | €45,480 | €84,000 | €31,200 | ▼ 62.9% |
| Operating profit (loss)9901 | -€317 | - | -€4,314 | €10,766 | -€19,017 | ▼ 277% |
| Financial charges65/66B | - | - | - | - | €88 | - |
| Recurring financial charges65 | - | - | - | - | €88 | - |
| Profit (loss) for the period before taxes9903 | -€317 | - | -€4,314 | €10,766 | -€19,105 | ▼ 277% |
| Income taxes67/77 | - | - | - | - | €1,827 | - |
| Profit (loss) for the period9904 | -€317 | - | -€4,314 | €10,766 | -€20,932 | ▼ 294% |
| Profit (loss) for the period to be appropriated9905 | -€317 | - | -€4,314 | €10,766 | -€20,932 | ▼ 294% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,968 | €31,968 | €245,842 | €168,393 | €125,970 | ▼ 25.2% |
| Fixed assets21/28 | - | - | €199,174 | €149,381 | €99,587 | ▼ 33.3% |
| Tangible fixed assets22/27 | - | - | €199,174 | €149,381 | €99,587 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | €199,174 | €149,381 | €99,587 | ▼ 33.3% |
| Current assets29/58 | €31,968 | €31,968 | €46,668 | €19,012 | €26,383 | ▲ 38.8% |
| Amounts receivable within one year40/41 | €31,968 | €31,968 | €46,668 | €18,776 | €26,369 | ▲ 40.4% |
| Other amounts receivable41 | - | €31,968 | €46,668 | €18,776 | €26,369 | ▲ 40.4% |
| Cash at bank and in hand54/58 | - | - | - | €236 | €14 | ▼ 94.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,968 | €31,968 | €245,842 | €168,393 | €125,970 | ▼ 25.2% |
| Equity10/15 | €9,395 | €9,395 | €5,081 | €15,847 | -€5,085 | ▼ 132% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €1,335 | €1,335 | -€2,979 | €7,787 | -€13,145 | ▼ 269% |
| Amounts payable17/49 | €22,573 | €22,573 | €240,761 | €152,546 | €131,055 | ▼ 14.1% |
| Amounts payable within one year42/48 | €22,573 | €22,573 | €216,793 | €152,546 | €131,055 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | - | - | €154,276 | - | - | - |
| Trade debts44 | €82 | - | - | - | €3,074 | - |
| Suppliers440/4 | - | - | - | - | €3,074 | - |
| Taxes, remuneration and social security45 | - | - | - | €8,937 | - | - |
| Taxes450/3 | - | - | - | €8,937 | - | - |
| Other amounts payable47/48 | - | €22,573 | €62,517 | €143,609 | €127,981 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | - | €23,968 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€317 | - | -€4,314 | €10,766 | -€20,932 | ▼ 294% |
| + Depreciation and write-downs630 | - | - | €49,794 | €49,794 | €49,794 | = |
| Operating cash flow (approximation) | -€317 | - | €45,480 | €60,560 | €28,862 | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | - | - | -€1 | €0 | ▲ 100% |
| Change in cash | - | - | - | - | -€222 | - |
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
2026
19-06
State Gazette act
Resignation: Lollo Giuseppe (director)Appointment: Lollo Sonia (director) · Director discharge6 facts ▸
State Gazette act
Resignation: Lollo Giuseppe (director)
Appointment: Lollo Sonia (director) · Director discharge6 facts ▸
- General meeting, 07-05-2026
- Director resignation, Lollo Giuseppe (director)
- Director discharge, Lollo Giuseppe (director)
- Director appointment, Lollo Sonia (director)
- Other statement, 31-12-2025, comptes courants à son avantage
- Other statement, conservation et remboursement des comptes courants, assemblée
2025
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet -€20,932
Net result drops to -€20,932, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
31-12
Financial
Back to profitnet €10,766
Net result €10,766 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Lollo Sonia
CurrentDirector · since 19-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2019
Ground area
1,491 m²
Building footprint
1,097 m²
Volume, LiDAR
8,928 m³
Parcel 62806C0162/00N006, Wallonia · tallest building 16.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
BOVARIA
since 20192.289.505.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0162/00N006 ProtectedSite or landscape |
Wallonia | 1,491 m² | 1 · 1,097 m² | 16.0 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lollo Sonia |
|
| Lollo Giuseppe |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.289.505.153
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 8,295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-02-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail
info@bovaria.be
Phone
+32495173736
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863214975
Also
9925:BE0863214975
Registered
20-01-2026
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.