BERZAN
ActiveSummary
The computed 12-month bankruptcy probability of BERZAN is 7.7% (elevated). The annual accounts of BERZAN for fiscal year 2024 show a net loss of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €5,708 and a net result of -€41,919. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 18935 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability2▲+2
Solvency27▼-12
Growth32=
Track record94
Bankruptcy probability, 12 months
7.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.78 against 0.93 in 2023; short-term debt: 98.2% and cash: 10.7% of total assets), and 98.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+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 · 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 2024Solvency, return and age of the figures
Solvency
1.8%
Return on assets
-13.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€41,919
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
24 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 28 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
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€5,708▼ 88.0%
2023 · €47,626
Total assets
€319,240▼ 5.9%
2023 · €339,304
Net result
-€41,919▲ 22.8%
2023 · -€54,276
Working capital
-€67,565▼ 236%
2023 · -€20,081
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
Line2021202220232024
Operating result€82,393-€84,428▲ 2.5%-€49,261-€32,307▲ 34.4%
Net result€52,402above the sector's middle half-€49,500above the sector's middle half▼ 5.5%-€54,276below the sector's middle half-€41,919below the sector's middle half▲ 22.8%
Equity€52,402within the sector's middle half-€101,903above the sector's middle half▲ 94.5%€47,626within the sector's middle half▼ 53.3%€5,708within the sector's middle half▼ 88.0%
Total assets€158,616within the sector's middle half-€328,005above the sector's middle half▲ 107%€339,304above the sector's middle half▲ 3.4%€319,240above the sector's middle half▼ 5.9%
Debt€106,214-€226,102▲ 113%€291,678▲ 29.0%€313,532▲ 7.5%
Working capital€52,402above the sector's middle half-€38,897within the sector's middle half▼ 25.8%-€20,081within the sector's middle half-€67,565below the sector's middle half▼ 236%
Solvency33.0%within the sector's middle half-31.1%within the sector's middle half▼ 2.0pp14.0%within the sector's middle half▼ 17.0pp1.8%within the sector's middle half▼ 12.2pp
Current ratio1.49within the sector's middle half-1.17within the sector's middle half▼ 0.320.93within the sector's middle half▼ 0.240.78within the sector's middle half▼ 0.15
Return on assets (ROA)33.0%above the sector's middle half-15.1%above the sector's middle half▼ 17.9pp-16.0%below the sector's middle half▼ 31.1pp-13.1%below the sector's middle half▲ 2.9pp
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 stays negative: a loss of €32,307 in 2024 against €49,261 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €319,240
Fixed assets
€73,272 ▲ 8.2%
Current assets
€245,968 ▼ 9.4%
Equity and liabilities €319,240
Equity
€5,708 ▼ 88.0%
Debt
€313,532 ▲ 7.5%
Debt's share of the balance-sheet total rises from 86.0% to 98.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,085▲
2023 · -€26,273
Cash flow
-€14,697▲
2023 · -€31,288
Quick ratio
0.71▼
2023 · 0.77
Debt to equity
54.93▲
2023 · 6.12
ROE
-734.4%▼
2023 · -114.0%
Interest coverage
-0.53▲
2023 · -5.11
Debt ≤ 1 year
€313,532▲
2023 · €291,678
Staff costs
€312,029▼
2023 · €385,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
5.9%
stopped otherwise
86%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 7.7% 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 646 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €108,570 | €302,462 | €385,231 | €312,029 | ▼ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,327 | €22,988 | €27,222 | ▲ 18.4% |
| Other operating charges640/8 | €0 | €7,857 | €25,932 | €66,777 | ▲ 158% |
| Non-recurring operating charges66A | - | - | - | €5,000 | - |
| Gross operating margin9900 | €190,964 | €400,074 | €384,890 | €378,721 | ▼ 1.6% |
| Operating profit (loss)9901 | €82,393 | €84,428 | -€49,261 | -€32,307 | ▲ 34.4% |
| Financial income75/76B | €2 | €6 | €129 | €27 | ▼ 79.3% |
| Recurring financial income75 | €2 | €6 | €129 | €27 | ▼ 79.3% |
| Financial charges65/66B | €4,098 | €9,776 | €5,145 | €9,639 | ▲ 87.3% |
| Recurring financial charges65 | €4,098 | €9,776 | €5,145 | €9,639 | ▲ 87.3% |
| Profit (loss) for the period before taxes9903 | €78,298 | €74,658 | -€54,276 | -€41,919 | ▲ 22.8% |
| Income taxes67/77 | €25,896 | €25,158 | - | - | - |
| Profit (loss) for the period9904 | €52,402 | €49,500 | -€54,276 | -€41,919 | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €52,402 | €49,500 | -€54,276 | -€41,919 | ▲ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €158,616 | €328,005 | €339,304 | €319,240 | ▼ 5.9% |
| Fixed assets21/28 | - | €63,005 | €67,707 | €73,272 | ▲ 8.2% |
| Tangible fixed assets22/27 | - | €63,005 | €67,707 | €73,272 | ▲ 8.2% |
| Plant, machinery and equipment23 | - | €13,098 | €13,454 | €17,640 | ▲ 31.1% |
| Furniture and vehicles24 | - | €44,884 | €35,790 | €39,189 | ▲ 9.5% |
| Other tangible fixed assets26 | - | €5,024 | €18,463 | €16,443 | ▼ 10.9% |
| Current assets29/58 | €158,616 | €264,999 | €271,597 | €245,968 | ▼ 9.4% |
| Stocks and contracts in progress3 | €9,256 | €60,000 | €47,317 | €22,158 | ▼ 53.2% |
| Stocks30/36 | €9,256 | €60,000 | €47,317 | €22,158 | ▼ 53.2% |
| Amounts receivable within one year40/41 | €120,233 | €171,788 | €186,198 | €185,684 | ▼ 0.3% |
| Trade receivables40 | - | - | €1,690 | €102 | ▼ 94.0% |
| Other amounts receivable41 | €120,233 | €171,788 | €184,509 | €185,582 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €29,128 | €31,870 | €31,628 | €34,039 | ▲ 7.6% |
| Deferred charges and accrued income490/1 | - | €1,341 | €6,454 | €4,087 | ▼ 36.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €158,616 | €328,005 | €339,304 | €319,240 | ▼ 5.9% |
| Equity10/15 | €52,402 | €101,903 | €47,626 | €5,708 | ▼ 88.0% |
| Reserves13 | €50,000 | €100,000 | €100,000 | €100,000 | = |
| Distributable reserves133 | €50,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €2,402 | €1,903 | -€52,374 | -€94,292 | ▼ 80.0% |
| Amounts payable17/49 | €106,214 | €226,102 | €291,678 | €313,532 | ▲ 7.5% |
| Amounts payable within one year42/48 | €106,214 | €226,102 | €291,678 | €313,532 | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €34,750 | - |
| Trade debts44 | €29,197 | €138,260 | €120,931 | €161,363 | ▲ 33.4% |
| Suppliers440/4 | €29,197 | €138,260 | €120,931 | €161,363 | ▲ 33.4% |
| Advances received on contracts in progress46 | €4,970 | €4,970 | €14,970 | €1,000 | ▼ 93.3% |
| Taxes, remuneration and social security45 | €63,615 | €82,873 | €119,189 | €89,502 | ▼ 24.9% |
| Taxes450/3 | €47,047 | €59,694 | €54,870 | €41,336 | ▼ 24.7% |
| Remuneration and social security454/9 | €16,568 | €23,178 | €64,320 | €48,166 | ▼ 25.1% |
| Other amounts payable47/48 | €8,432 | - | €36,588 | €26,917 | ▼ 26.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,402 | €49,500 | -€54,276 | -€41,919 | ▲ 22.8% |
| + Depreciation and write-downs630 | - | €5,327 | €22,988 | €27,222 | ▲ 18.4% |
| Operating cash flow (approximation) | €52,402 | €54,827 | -€31,288 | -€14,697 | ▲ 53.0% |
| Investment in fixed assets (approximation) | - | - | -€27,690 | -€32,787 | ▼ 18.4% |
| Change in cash | - | €2,742 | -€242 | €2,411 | ▲ 1,095% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€54,276
Net result drops to -€54,276, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Equity above €100,000Eq €101,903 ▲94.5%
2 profitable years in a row build equity to €101,903.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Gembloux · 2 establishment units since 2023
Ground area
1,921 m²
Building footprint
749 m²
Volume, LiDAR
1,147 m³
2 parcels, Wallonia · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
Alla Grappa
since 20232.347.399.505
Primo Piano
since 20262.387.420.220
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92011C0198/00M004 | Wallonia | 1,852 m² | 1 · 692 m² | - |
| 62810C1113/00A000 | Wallonia | 69 m² | 1 · 57 m² | 21.9 m · 7 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
2 sitesGembloux2.387.420.220
Liège2.347.399.505
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 5,403 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
Founded30-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0771866810
Registered
21-05-2025
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.