BIFA
ActiveThe file of BIFA contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.9% (moderate). The 2025 annual accounts show equity of €57k and a net result of €-957. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 3674 sector peers (fiscal year 2025).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-64
Solvency78▼-14
Growth78=
Track record85
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.11 against 3.0 in 2024; short-term debt: 46.6% and cash: 63.3% of total assets), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
53.4%
Return on assets
-0.9%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
34 d early
2023
21 d late
2022
30 d early
2021
13 d early
2020
2 d late
2019
32 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€57k▼ 1.6%
2024 · €58k
2018: €-5k
2019: €-5k
2020: €-5k
2021: €-28k
2022: €6k
2023: €40k
2024: €58k
2018 → 2025
Total assets
€107k▲ 24.2%
2024 · €86k
2018: €877
2019: €877
2020: €877
2021: €11k
2022: €39k
2023: €70k
2024: €86k
2018 → 2025
Net result
€-957
2024 · €19k
2018: €-3k
2021: €-22k
2022: €34k
2023: €34k
2024: €19k
2018 → 2025
Working capital
€55k▼ 2.0%
2024 · €56k
2018: €-5k
2019: €-5k
2020: €-5k
2021: €-31k
2022: €3k
2023: €38k
2024: €56k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-28k-€6k€40k▲ 601%€58k▲ 46.9%€57k▼ 1.6%
Operating result€-22k-€35k€40k▲ 14.8%€25k▼ 37.5%€15k▼ 39.7%
Net result€-22k-€34k€34k▲ 1.4%€19k▼ 45.3%€-957
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€2k ▲ 8.3%
Current assets
€105k ▲ 24.5%
Equity and liabilities €107k
Equity
€57k ▼ 1.6%
Debt
€50k ▲ 77.7%
Debt's share of the balance-sheet total rises from 32.5% to 46.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €26k
Cash flow
€192▼
2024 · €20k
Current ratio
2.11▼
2024 · 3.00
Quick ratio
1.96▼
2024 · 2.89
Debt to equity
0.87▲
2024 · 0.48
ROE
-1.7%▼
2024 · 31.9%
ROA
-0.9%▼
2024 · 21.5%
Interest coverage
1.76▼
2024 · 21.81
Debt ≤ 1 year
€50k▲
2024 · €28k
Income taxes
€7k▲
2024 · €5k
Staff costs
€43k▲
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€107k▲
Fixed assets21/28€2k€2k▲
Intangible fixed assets21€622€122▼
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€186€1k▲
Furniture and vehicles24€1k€721▼
Current assets29/58€85k€105k▲
Stocks and contracts in progress3€3k€7k▲
Stocks30/36€3k€7k▲
Amounts receivable within one year40/41€7k€30k▲
Other amounts receivable41€7k€30k▲
Cash at bank and in hand54/58€75k€68k▼
Equity and liabilities
Total equity and liabilities10/49€86k€107k▲
Equity10/15€58k€57k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€40k€39k▼
Amounts payable17/49€28k€50k▲
Amounts payable within one year42/48€28k€50k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€11k€27k▲
Suppliers440/4€11k€27k▲
Taxes, remuneration and social security45€12k€17k▲
Taxes450/3€11k€12k▲
Remuneration and social security454/9€635€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€13k€43k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€993€1k▲
Other operating charges640/8€935€13k▲
Gross operating margin9900€40k€72k▲
Operating profit (loss)9901€25k€15k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€1k€9k▲
Recurring financial charges65€1k€9k▲
Profit (loss) for the period before taxes9903€24k€6k▼
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€19k€-957▼
Profit (loss) for the period to be appropriated9905€19k€-957▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€39k▼
Profit (loss) brought forward from the previous period14P€21k€40k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €34k ▲1.4%
Operating result €40k, net result €34k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.25
Current ratio from 1.08 to 2.25; short-term debt falls from €34k to €30k.
16-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SBA LOGISTICS BV SIMONSSTRAAT 18, 2018 ANTWERPEN 1 · event 09-11-2023
27-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SBA LOGISTICS BV SIMONS- STRAAT 18, 2018 ANTWERPEN 1 · event 21-09-2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.08
Current ratio from 0.22 to 1.08; short-term debt falls from €39k to €34k.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
Show earlier events
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 233 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Simonsstraat 182018 AntwerpenGround area
233 m²
Building footprint
71 m²
Volume, LiDAR
1,744 m³
Parcel 11808H1190/00A008, Flanders · tallest building 27.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Pizza Corner
since 20212.311.128.235
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1190/00A008 | Flanders | 233 m² | 1 · 71 m² | 27.4 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
21-09-2023 → 09-11-2023 |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.311.128.235
Similar companies · same sector, comparable size
TACKX-D'HOOGHE
BE 0656.621.605
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CHARLY ET LAURY
BE 0535.619.350
Gembloux · Eq €57,423
ÖZ MEVLANA
BE 0671.706.291
Antwerpen · Eq €57,352
BROERS
BE 0675.738.820
Beringen · Eq €57,322
SUMMER SUSHI HASSELT
BE 0556.783.166
Begijnendijk · Eq €57,461
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.