BELLAPAIS
ActiveSummary
BELLAPAIS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,554 and a net result of €5,283. Equity is growing by ~120.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 13683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-6
Solvency39▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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
28 d late
2024
18 d late
2023
34 d late
2022
7 d late
2020
10 d early
2016
8 d early
2015
26 d early
← 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 6 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 18 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,554▲ 416%
2024 · €1,271
Total assets
€48,282▲ 35.5%
2024 · €35,628
Net result
€5,283▼ 3.0%
2024 · €5,449
Working capital
€3,626
2024 · -€1,842
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result-€8,043--€9,116--€961▲ 89.5%€7,261€5,678▼ 21.8%
Net result€754within the sector's middle half--€9,279below the sector's middle half--€1,188within the sector's middle half▲ 87.2%€5,449within the sector's middle half€5,283within the sector's middle half▼ 3.0%
Equity-€26,682below the sector's middle half--€4,490below the sector's middle half--€4,178within the sector's middle half▲ 7.0%€1,271within the sector's middle half€6,554within the sector's middle half▲ 416%
Total assets€41,578within the sector's middle half-€38,773below the sector's middle half-€28,505below the sector's middle half▼ 26.5%€35,628below the sector's middle half▲ 25.0%€48,282below the sector's middle half▲ 35.5%
Debt€68,260-€43,263-€32,683▼ 24.5%€34,358▲ 5.1%€41,728▲ 21.5%
Working capital-€28,823within the sector's middle half--€7,974within the sector's middle half--€6,578within the sector's middle half▲ 17.5%-€1,842within the sector's middle half▲ 72.0%€3,626within the sector's middle half
Solvency-64.2%below the sector's middle half--11.6%below the sector's middle half--14.7%below the sector's middle half▼ 3.1pp3.6%within the sector's middle half▲ 18.2pp13.6%within the sector's middle half▲ 10.0pp
Current ratio0.58within the sector's middle half-0.82within the sector's middle half-0.79within the sector's middle half▼ 0.020.95within the sector's middle half▲ 0.151.09within the sector's middle half▲ 0.14
Return on assets (ROA)1.8%within the sector's middle half--23.9%below the sector's middle half--4.2%within the sector's middle half▲ 19.8pp15.3%within the sector's middle half▲ 19.5pp10.9%within the sector's middle half▼ 4.4pp
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
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48,282
Fixed assets
€2,928 ▼ 6.0%
Current assets
€45,355 ▲ 39.5%
Equity and liabilities €48,282
Equity
€6,554 ▲ 416%
Debt
€41,728 ▲ 21.5%
Debt's share of the balance-sheet total falls from 96.4% to 86.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,864▼
2024 · €7,446
Cash flow
€5,468▼
2024 · €5,635
Debt to equity
6.37▼
2024 · 27.03
ROE
80.6%▼
2024 · 428.8%
Interest coverage
14.83▼
2024 · 20.91
Debt ≤ 1 year
€41,728▲
2024 · €34,358
Income taxes
€0▼
2024 · €1,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,818 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | -€54 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140 | €186 | €186 | €186 | €186 | = |
| Other operating charges640/8 | - | €489 | €645 | €549 | €1,267 | ▲ 131% |
| Gross operating margin9900 | €2,632 | -€8,494 | -€130 | €7,996 | €7,131 | ▼ 10.8% |
| Operating profit (loss)9901 | -€8,043 | -€9,116 | -€961 | €7,261 | €5,678 | ▼ 21.8% |
| Financial income75/76B | - | €1 | €1 | €10 | €0 | ▼ 99.9% |
| Recurring financial income75 | €3 | €1 | €1 | €10 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | €165 | €228 | €356 | €395 | ▲ 11.0% |
| Recurring financial charges65 | €206 | €165 | €228 | €356 | €395 | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | €754 | -€9,279 | -€1,188 | €6,915 | €5,283 | ▼ 23.6% |
| Income taxes67/77 | - | - | - | €1,466 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €754 | -€9,279 | -€1,188 | €5,449 | €5,283 | ▼ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €754 | -€9,279 | -€1,188 | €5,449 | €5,283 | ▼ 3.0% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,578 | €38,773 | €28,505 | €35,628 | €48,282 | ▲ 35.5% |
| Fixed assets21/28 | €2,140 | €3,484 | €3,299 | €3,113 | €2,928 | ▼ 6.0% |
| Tangible fixed assets22/27 | €140 | €1,484 | €1,299 | €1,113 | €928 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €1,484 | €1,299 | €1,113 | €928 | ▼ 16.7% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €39,437 | €35,289 | €25,206 | €32,515 | €45,355 | ▲ 39.5% |
| Amounts receivable within one year40/41 | €0 | €1,455 | €6 | €283 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €1,455 | €6 | €283 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38,980 | €32,859 | €25,201 | €31,703 | €44,752 | ▲ 41.2% |
| Deferred charges and accrued income490/1 | - | €975 | €0 | €530 | €603 | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,578 | €38,773 | €28,505 | €35,628 | €48,282 | ▲ 35.5% |
| Equity10/15 | -€26,682 | -€4,490 | -€4,178 | €1,271 | €6,554 | ▲ 416% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €2,373 | €2,373 | €2,373 | €2,373 | €2,373 | = |
| Non-distributable reserves130/1 | - | €1,223 | €1,223 | €1,223 | €1,223 | = |
| Reserves not available under the articles1311 | - | €1,223 | €1,223 | €1,223 | €1,223 | = |
| Tax-exempt reserves132 | - | €1,150 | €1,150 | €1,150 | €1,150 | = |
| Profit (loss) carried forward14 | -€69,055 | -€46,863 | -€46,551 | -€41,102 | -€35,819 | ▲ 12.9% |
| Amounts payable17/49 | €68,260 | €43,263 | €32,683 | €34,358 | €41,728 | ▲ 21.5% |
| Amounts payable within one year42/48 | €68,260 | €43,263 | €31,785 | €34,358 | €41,728 | ▲ 21.5% |
| Trade debts44 | €5,721 | €2,491 | €1,253 | €3,558 | €5,229 | ▲ 46.9% |
| Suppliers440/4 | - | €2,491 | €1,253 | €3,558 | €5,229 | ▲ 46.9% |
| Taxes, remuneration and social security45 | - | €8,082 | €9,547 | €598 | €6,290 | ▲ 952% |
| Taxes450/3 | - | €185 | €350 | €598 | €1,247 | ▲ 108% |
| Remuneration and social security454/9 | - | €7,897 | €9,197 | €0 | €5,043 | - |
| Other amounts payable47/48 | - | €32,690 | €20,985 | €30,201 | €30,209 | = |
| Accrued charges and deferred income492/3 | - | - | €899 | €0 | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €754 | -€9,279 | -€1,188 | €5,449 | €5,283 | ▼ 3.0% |
| + Depreciation and write-downs630 | €140 | €186 | €186 | €186 | €186 | = |
| Operating cash flow (approximation) | €894 | -€9,093 | -€1,002 | €5,635 | €5,468 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | - | -€7,658 | €6,502 | €13,049 | ▲ 101% |
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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
30-06
Financial
Back to profitnet €5,449
Net result €5,449 after 2 loss-making years.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
30-06
Financial
Weakest financial yearnet -€9,279
Net result drops to -€9,279, the lowest in the series; recovery starts the following year.
2021
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
11-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 39 days late
2013
15-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 15 days late
2012
05-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kapellen · 1 establishment unit since 2004
Ground area
126 m²
Building footprint
94 m²
Volume, LiDAR
684 m³
Parcel 11902G0017/00T000, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALASIA
since 20042.137.566.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0017/00T000 | Flanders | 126 m² | 1 · 94 m² | 9.4 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 siteKapellen (Antw.)2.137.566.333
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 5,889 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)
Founded06-05-2004
Fiscal year end30-06
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
Phone
03/458.39.60Kapellen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865155272
Also
9925:BE0865155272
Registered
30-01-2025
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.