BELLOGIO
ActiveSummary
The computed 12-month bankruptcy probability of BELLOGIO is 2.9% (moderate). The 2024 annual accounts show negative equity (-€26,845) and a net result of €215. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 18935 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability39▼-41
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 1.04 in 2023; short-term debt: 59.5% and cash: 10.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
-24.9%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 18935 sector peers (2024).
NBB · sector comparisonPosition among 18935 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-04-2026, 257 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
257 d late
2023
29 d late
2022
58 d late
2021
320 d late
2020
685 d late
2018
58 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 235 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
-€26,845▲ 0.8%
2023 · -€27,061
Total assets
€107,962▲ 80.5%
2023 · €59,822
Net result
€215▼ 98.0%
2023 · €10,759
Working capital
€8,156▲ 288%
2023 · €2,104
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,029-€773€13,530▲ 1,650%€13,845▲ 2.3%€5,589▼ 59.6%
Net result-€8,189within the sector's middle half-€653within the sector's middle half€4,477within the sector's middle half▲ 585%€10,759within the sector's middle half▲ 140%€215within the sector's middle half▼ 98.0%
Equity-€42,950below the sector's middle half--€42,297below the sector's middle half▲ 1.5%-€37,820below the sector's middle half▲ 10.6%-€27,061below the sector's middle half▲ 28.4%-€26,845below the sector's middle half▲ 0.8%
Total assets€80,130within the sector's middle half-€70,028within the sector's middle half▼ 12.6%€65,815within the sector's middle half▼ 6.0%€59,822within the sector's middle half▼ 9.1%€107,962within the sector's middle half▲ 80.5%
Debt€123,080-€112,324▼ 8.7%€103,635▼ 7.7%€86,882▼ 16.2%€134,808▲ 55.2%
Working capital-€10,567within the sector's middle half--€8,557within the sector's middle half▲ 19.0%-€19,538within the sector's middle half▼ 128%€2,104within the sector's middle half€8,156within the sector's middle half▲ 288%
Solvency-53.6%below the sector's middle half--60.4%below the sector's middle half▼ 6.8pp-57.5%below the sector's middle half▲ 2.9pp-45.2%below the sector's middle half▲ 12.2pp-24.9%below the sector's middle half▲ 20.4pp
Current ratio0.83within the sector's middle half-0.87within the sector's middle half▲ 0.040.73within the sector's middle half▼ 0.141.04within the sector's middle half▲ 0.321.13within the sector's middle half▲ 0.08
Return on assets (ROA)-10.2%within the sector's middle half-0.9%within the sector's middle half▲ 11.2pp6.8%within the sector's middle half▲ 5.9pp18.0%above the sector's middle half▲ 11.2pp0.2%within the sector's middle half▼ 17.8pp
Staff (FTE)2.3within the sector's middle half-2.3=2.3=3.5▲ 52.2%
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 2024; 2024 is 60% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107,962
Fixed assets
€35,569 ▲ 244%
Current assets
€72,393 ▲ 46.3%
Equity and liabilities
Equity-€26,845
Debt€134,808
Equity is negative: debt (€134,808) exceeds the balance-sheet total (€107,962).
Key figures and ratios
EBITDA
€10,967▼
2023 · €17,236
Cash flow
€5,593▼
2023 · €14,150
Quick ratio
0.65▲
2023 · 0.61
Interest coverage
2.39▼
2023 · 4.63
Debt ≤ 1 year
€64,237▲
2023 · €47,371
Debt > 1 year
€69,279▲
2023 · €39,447
Income taxes
€1,335
Staff costs
€25,418▲
2023 · €25,052
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 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.1%
went bankrupt
4.1%
stopped otherwise
89%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 906 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,574 | €11,460 | €18,948 | €25,052 | €25,418 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,657 | €21,361 | €11,313 | €3,391 | €5,378 | ▲ 58.6% |
| Other operating charges640/8 | €6,058 | €1,385 | €5,229 | €4,391 | €9,696 | ▲ 121% |
| Gross operating margin9900 | €39,260 | €34,980 | €49,020 | €46,679 | €46,081 | ▼ 1.3% |
| Operating profit (loss)9901 | -€8,029 | €773 | €13,530 | €13,845 | €5,589 | ▼ 59.6% |
| Financial income75/76B | €11 | €0 | - | €640 | €551 | ▼ 13.8% |
| Recurring financial income75 | €11 | €0 | - | €640 | €551 | ▼ 13.8% |
| Financial charges65/66B | €171 | €120 | €9,053 | €3,726 | €4,590 | ▲ 23.2% |
| Recurring financial charges65 | €171 | €120 | €9,053 | €3,726 | €4,590 | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | -€8,189 | €653 | €4,477 | €10,759 | €1,550 | ▼ 85.6% |
| Income taxes67/77 | - | - | - | - | €1,335 | - |
| Profit (loss) for the period9904 | -€8,189 | €653 | €4,477 | €10,759 | €215 | ▼ 98.0% |
| Profit (loss) for the period to be appropriated9905 | -€8,189 | €653 | €4,477 | €10,759 | €215 | ▼ 98.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,130 | €70,028 | €65,815 | €59,822 | €107,962 | ▲ 80.5% |
| Fixed assets21/28 | €28,229 | €12,946 | €13,737 | €10,347 | €35,569 | ▲ 244% |
| Intangible fixed assets21 | €11,778 | €2,713 | - | - | - | - |
| Tangible fixed assets22/27 | €16,301 | €10,083 | €13,587 | €10,197 | €35,419 | ▲ 247% |
| Land and buildings22 | - | €1,464 | €9,897 | €8,165 | €5,855 | ▼ 28.3% |
| Plant, machinery and equipment23 | €16,301 | €5,483 | €512 | €314 | €135 | ▼ 57.0% |
| Furniture and vehicles24 | - | €3,136 | €3,178 | €1,718 | €29,429 | ▲ 1,613% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €51,901 | €57,082 | €52,078 | €49,475 | €72,393 | ▲ 46.3% |
| Stocks and contracts in progress3 | €11,288 | €15,472 | €14,611 | €20,397 | €30,631 | ▲ 50.2% |
| Stocks30/36 | €11,288 | €15,472 | €14,611 | €20,397 | €30,631 | ▲ 50.2% |
| Amounts receivable within one year40/41 | €38,035 | €30,045 | €21,322 | €10,480 | €28,680 | ▲ 174% |
| Trade receivables40 | €8,501 | €3,210 | €17,631 | €9,080 | €10,796 | ▲ 18.9% |
| Other amounts receivable41 | €29,535 | €26,835 | €3,690 | €1,400 | €17,883 | ▲ 1,178% |
| Cash at bank and in hand54/58 | €2,578 | €11,055 | €14,033 | €12,316 | €11,029 | ▼ 10.4% |
| Deferred charges and accrued income490/1 | - | €509 | €2,111 | €6,283 | €2,053 | ▼ 67.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,130 | €70,028 | €65,815 | €59,822 | €107,962 | ▲ 80.5% |
| Equity10/15 | -€42,950 | -€42,297 | -€37,820 | -€27,061 | -€26,845 | ▲ 0.8% |
| Contributions10/11 | €14,840 | €14,840 | €14,840 | €14,840 | €14,840 | = |
| Capital10 | €14,840 | €14,840 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €3,760 | €3,760 | - | - | - | - |
| Outside capital11 | - | - | €14,840 | - | - | - |
| Other1109/19 | - | - | €14,840 | - | - | - |
| Profit (loss) carried forward14 | -€57,790 | -€57,137 | -€52,660 | -€41,901 | -€41,685 | ▲ 0.5% |
| Amounts payable17/49 | €123,080 | €112,324 | €103,635 | €86,882 | €134,808 | ▲ 55.2% |
| Amounts payable after more than one year17 | €60,613 | €46,328 | €31,903 | €39,447 | €69,279 | ▲ 75.6% |
| Financial debts170/4 | €60,613 | €46,328 | €31,903 | €39,447 | €69,279 | ▲ 75.6% |
| Amounts payable within one year42/48 | €62,467 | €65,639 | €71,616 | €47,371 | €64,237 | ▲ 35.6% |
| Current portion of amounts payable after more than one year42 | €1,532 | - | €10,699 | €15,459 | €28,151 | ▲ 82.1% |
| Trade debts44 | €18,045 | €14,317 | €26,148 | €18,674 | €28,659 | ▲ 53.5% |
| Suppliers440/4 | €18,045 | €14,317 | €26,148 | €18,674 | €28,659 | ▲ 53.5% |
| Advances received on contracts in progress46 | - | - | €1,270 | €1,215 | - | - |
| Taxes, remuneration and social security45 | €9,667 | €25,445 | €16,239 | €7,077 | €7,348 | ▲ 3.8% |
| Taxes450/3 | €9,667 | €17,152 | €11,272 | €3,037 | €1,818 | ▼ 40.1% |
| Remuneration and social security454/9 | - | €8,292 | €4,967 | €4,041 | €5,530 | ▲ 36.9% |
| Other amounts payable47/48 | €33,224 | €25,877 | €17,260 | €4,946 | €79 | ▼ 98.4% |
| Accrued charges and deferred income492/3 | - | €357 | €116 | €64 | €1,291 | ▲ 1,924% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,189 | €653 | €4,477 | €10,759 | €215 | ▼ 98.0% |
| + Depreciation and write-downs630 | €20,657 | €21,361 | €11,313 | €3,391 | €5,378 | ▲ 58.6% |
| Operating cash flow (approximation) | €12,468 | €22,015 | €15,790 | €14,150 | €5,593 | ▼ 60.5% |
| Investment in fixed assets (approximation) | - | -€6,078 | -€12,105 | €0 | -€30,600 | - |
| Change in cash | - | €8,478 | €2,978 | -€1,718 | -€1,286 | ▲ 25.1% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 257 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €10,759 ▲140%
Operating result €13,845, net result €10,759, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 320 days late
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 685 days late
2021
31-12
Financial
Back to profitnet €653
Net result €653 after 2 loss-making years.
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 72 days late
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Courcelles · 1 establishment unit since 2017
Ground area
185 m²
Building footprint
60 m²
Volume, LiDAR
551 m³
Parcel 52066A0341/00Z004, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BELLOGIO
since 20172.264.037.507
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066A0341/00Z004indicative | Wallonia | 185 m² | 1 · 60 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
0 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 siteCourcelles2.264.037.507
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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 9,777. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674636384
Also
9925:BE0674636384
Registered
09-01-2026
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.