Equity
€141,941 =
BORD'O paid out €128,179 in dividends. That is 100% of the 2025 profit.
BORD'O
Lifetime
8 annual accounts with figures on one time axispeak €403,983 (2023)
€402,605▲ 18.3%
peak €151,232 (2021)
€128,179▲ 32.5%
peak €232,805 (2021)
€141,941unchanged
€409,131▼ 18.1%
peak 2.8 FTE (2019)
-not published
Board2 names since 2021
2 directorsRIGOLE Ann and 1 other
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from €340,268 to €402,605Result from €96,724 to €128,179Dividend €128,179Debts from €499,252 to €409,131
Key points
from the 2025 annual accountsTurnover
≈ €960,000 estimated
The micro format states no turnover.
Debts
€409,131 74% of the balance sheet
Financial debts 35%Suppliers 3%Taxes and wages 12%Other 50%
Of this, €256,554 falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 22 people joined and 21 left.
Filings
8 annual accounts 2 late
The 2022 accounts came latest: 64 days after the end of the period.
Position in the sector
€128,179
Higher net result than 95% of companies in food and beverage service. Sector median €4,884 · 17,087 companies.
Checked score
87
Excellent
Financially stronger than 59% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.2 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%▼ -0.6 percentage points vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Figures for financial year 2025 (filed on 11-06-2026)
Size: total assets €551,071
Liquidity: current ratio 0.78, cash €148,937
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, micro). It does better than 47% of them on solvency, 65% on liquidity, 85% on profitability and 41% on growth.
The bankruptcy probability was computed on 06-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,713 companies had the same profile as BORD'O has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BORD'O itself is lower: 0.3% within 12 months. It rests on far more data about BORD'O than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for BORD'O. 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 €12,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.78 (0.85 in 2024), below 1. Short-term debt is 46.6% and cash 27% of total assets. 74.2% 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 11-06-2026, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
50 days early
2024
29 days early
2023
96 days early
2022
64 days late
2021
54 days early
2020
20 days late
2019
67 days early
← 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 30 days before 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 11 June (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0684871369
2 managers resigning, 2 directors reappointed
Resignations: SCHOCKAERT Marc André August (manager) and RIGOLE Ann (manager) · Reappointments: SCHOCKAERT Marc André August (director) and RIGOLE Ann (director) · Director discharge: SCHOCKAERT Marc André August · General meeting of 27-11-2023 · Gazette deed
Incorporation
published on 23-11-2017 · Gazette deed
First establishment
BORD’O, Leopoldlaan 104, Middelkerke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BORD'O Middelkerke | €551,071 | €402,605 | 25.8% | - |
| AMPE - DE JONGHE Middelkerke | €627,945 | €478,111 | 12.7% | - |
| Skiep Waregem | €561,603 | €472,662 | 37.6% | - |
| Au Beau Jardin Menen | €486,583 | €371,757 | 33.6% | 7.3 |
| XIA HAIYONG Seraing | €601,881 | €419,164 | 72.0% | 5.6 |
| LOMA Londerzeel | €519,991 | €408,335 | 80.9% | - |
| CONCEPT 78 Geel | €503,461 | €437,989 | 10.6% | 14 |
These companies have the same main activity as BORD'O: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €487,000 and €628,000, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 21-11-2017Normal situation
- Activity
- Full-service restaurantsNACE 56111and 3 others
- Joint committee
- 302Hotels and catering · annual accounts 2023
- Establishment unit
- 2.270.254.9108430 Middelkerke, since 21-11-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- €551,071▼ 14.1%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on BORD'O
BORD'O files the micro format. That format states no turnover. The gross margin rose from €177,560 in 2018 to €402,605 in 2025.
The balance sheet grew most in 2019 through fixed assets, financed with long-term debt.
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 BORD'O
- What is the company number of BORD'O?
- The company number of BORD'O is 0684.871.369. The VAT number is the same number with BE in front: BE 0684.871.369.
- Where is BORD'O based?
- The registered office is at Leopoldlaan 104, 8430 Middelkerke.Company details
- What does BORD'O do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of BORD'O?
- BORD'O is a private limited company (BV).
- When was BORD'O founded?
- BORD'O was founded on 21-11-2017.
- Is BORD'O still active?
- Yes, BORD'O is an active enterprise in the KBO register.
- How many employees does BORD'O have?
- BORD'O had an average of 3.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BORD'O fall under?
- In its 2023 annual accounts, BORD'O states joint committee 302 (Hotels and catering).
- What is the turnover of BORD'O?
- The turnover in financial year 2025 is ≈ €960,000. This figure is estimated from the gross margin of €402,605 and 41 comparable companies (NACE 56111). It probably lies between €830,000 and €1.1m.
- Is BORD'O profitable?
- In financial year 2025, BORD'O made a profit of €128,179.
- Where can I find the annual accounts of BORD'O?
- BORD'O filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BORD'O due?
- BORD'O must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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