Equity
€20,665 from €310,055 in 2021
Equity fell by 93% in 4 years.
Bistro Léo
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990Gross marginpeak €961,594 (2024)
€950,947▼ 1.1%
Resultlowest -€87,913 (2017)
€77,541▼ 27.6%
Equitypeak €310,055 (2021)
€20,665▼ 10.6%
Debts
€192,032▼ 45.1%
Staffpeak 12.6 FTE (2024)
12 FTE▼ 4.8%
Board3 names since 2004
2 directorsBertholet Arnaud Emmanuel Léopold Ghislain and 1 other
Owners
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Result from €107,072 to €77,541Dividend €80,000Debts from €349,734 to €192,032Cash from €230,679 to €114,189
Key points
from the 2025 annual accountsTurnover
≈ €2.2m estimated
The accounts state no turnover.
Debts
€192,032 90% of the balance sheet
Suppliers 4%Taxes and wages 42%Other 53%
Of this, €180,803 falls due within a year.
Staff
9 employees on 31-12-2025
In 2025, 66 people joined and 65 left.
Filings
36 annual accounts since 1990
Seven of the last ten came late. The 2019 accounts came latest: 108 days after the end of the period.
Position in the sector
€77,541
Higher net result than 80% of companies in food and beverage service. Sector median €10,388 · 4,805 companies.
Checked score
71
Healthy
Financially stronger than 52% of small companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,619 companies (NACE 56, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.5%▼ -0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.6%▼ -0.4 percentage points vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.5%▼ -0.1 percentage points vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.1 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Equity €20,665 (9.7% of total assets)
lowers risk
Liquidity: current ratio 0.98, cash €114,189, halved
Founded in 1989
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 25% of them on solvency, 60% on liquidity, 96% on profitability and 28% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 496 companies had the same profile as Bistro Léo has now. Each dot is one company, two years later.
95.4%
were still trading
3.2%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Bistro Léo itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 496 companies, not a prediction for Bistro Léo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.98 (1.01 in 2024), below 1. Short-term debt is 85% and cash 53.7% of total assets. 90.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
29 days late
2023
29 days late
2022
30 days late
2021
68 days early
2020
40 days early
2019
108 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- IMMO ARNOGREGO SA consolidatesscore 96equity €773,157 (2025) · annual accounts 2020
- EDVIC INVESTdeed of 09-06-2022
- LJHdeed of 09-06-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439475623
2 directors appointed, 1 manager resigning
Resignation: IMMO ARNOGREGO (manager) · Appointments: Bertholet Arnaud Emmanuel Léopold Ghislain and Bertholet Grégory Joseph Antoine Ghislain · Permanent representative: Bertholet Grégory Joseph Antoine Ghislain · Gazette deed
First establishment
Place Mac-Auliffe 52, Bastogne
Incorporation
published on 10-01-1990 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Bistro Léo Bastogne | €212,696 | €950,947 | 9.7% | 12 |
| DE TITAANTJES Antwerp | €189,402 | €749,730 | 1.2% | 12.7 |
| V.D.C. COMPANY Woluwe-Saint-Lambert | €225,379 | €666,025 | -8.6% | 11.8 |
| SYDNEM Wijnegem | €257,132 | €624,009 | 43.3% | 12.6 |
| WOK - U Antwerp | €284,431 | €722,741 | -67.7% | 10.4 |
| DECART DESIGNERS CATERING GROUP Antwerp | €329,280 | €989,991 | 9.1% | 14.3 |
| LES HALLES Gembloux | €252,401 | €569,814 | 44.4% | 10.4 |
These companies have the same main activity as Bistro Léo: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €189,000 and €329,000, founded between 1984 and 1997.
Official details
Source: KBO- Status
- Active since 20-12-1989Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.047.787.6856600 Bastogne, since 09-04-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- Total assets
- €212,696▼ 43.0%
- Employeeson 31-12-2025
- 9▲ 12.5%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on Bistro Léo
Bistro Léo files the abbreviated format. That format states no turnover. The gross margin rose from €316,545 in 2006 to €950,947 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bistro Léo
- What is the company number of Bistro Léo?
- The company number of Bistro Léo is 0439.475.623. The VAT number is the same number with BE in front: BE 0439.475.623.
- Where is Bistro Léo based?
- The registered office is at Place Mac-Auliffe 52, 6600 Bastogne.Company details
- What does Bistro Léo do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Bistro Léo?
- Bistro Léo is a private limited company (BV).
- When was Bistro Léo founded?
- Bistro Léo was founded on 20-12-1989.
- Is Bistro Léo still active?
- Yes, Bistro Léo is an active enterprise in the KBO register.
- How many employees does Bistro Léo have?
- Bistro Léo had an average of 12 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Bistro Léo?
- The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €950,947 and 42 comparable companies (NACE 56111). It probably lies between €2.1m and €3.1m.
- Is Bistro Léo profitable?
- In financial year 2025, Bistro Léo made a profit of €77,541.
- Where can I find the annual accounts of Bistro Léo?
- Bistro Léo filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Bistro Léo due?
- Bistro Léo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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