Equity
€964,733 ▲ 4.9%
bottarga paid out €76,989 in dividends. That is 63% of the 2025 profit.
bottarga
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €979,788 (2024)
€894,934▼ 8.7%
lowest -€1,949 (2008)
€121,899▼ 38.8%
peak €964,733 (2025)
€964,733▲ 4.9%
€556,785▲ 104%
peak 15.1 FTE (2025)
15.1 FTE▲ 15.3%
Board1 name since 2003
1 directorPIERS Gérald Baudouin Marcel
Owners
Documentsfilings and deeds
24-03-202637 days before the deadline
2025abbreviated format
Result from €199,086 to €121,899Staff from 13.1 FTE to 15.1 FTEDividend €76,989Debts from €272,673 to €556,7851 establishment registeredInvestments €583,273
Key points
from the 2025 annual accountsResult
€121,899 ▼ 38.8%
The result fell in 2025 from €199,086 to €121,899.
Debts
€556,785 ▲ 104%
Debts rose by €284,112 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€583,273 4.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 152.0% higher than in 2024.
Staff
16 employees on 30-09-2025
In 2025, 87 people joined and 88 left.
Filings
21 annual accounts since 2005
The last five annual accounts were filed 37 to 56 days before the end of the period.
Checked score
97
Excellent
Financially stronger than 75% of small companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025highest value
04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 1.85, cash €499,536
Equity €964,733 (63.4% of total assets)
Founded in 2003
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 86% of them on solvency, 94% on liquidity, 67% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-09-2025.
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, 20,137 companies had the same profile as bottarga has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of bottarga itself: 0.1% within 12 months.
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 20,137 companies, not a prediction for bottarga. 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 €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.85 (3.32 in 2024), above the usual 1.5. Short-term debt is 19.8% and cash 32.8% of total assets. 36.6% 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 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
56 days early
2023
50 days early
2022
48 days early
2021
44 days early
2020
32 days early
2019
48 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 45 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 13 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0862435908
New establishment in Ostend
VILLA RAE, Anjelierenlaan 25
Change of role: PIERS Gérald Baudouin Marcel, from manager to director
Director discharge: PIERS Gérald Baudouin Marcel · PIERS Gérald Baudouin Marcel holds all the shares · General meeting of 08-12-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies · Oostende
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| bottarga Ostend | €1.5m | €0.9m | 63.4% | 15.1 |
| LUXPRO Saint-Ghislain | €1.5m | €1.0m | 14.0% | 15.9 |
| LE VIEUX CHATEAU DE FLOBECQ Flobecq | €1.5m | €0.9m | 37.0% | 13.3 |
| FERMAS Kortrijk | €1.4m | €1.0m | 21.1% | 17.8 |
| ALPHAGROUP Knokke-Heist | €1.5m | €0.7m | 32.8% | 16 |
| DELANEY Bruges | €1.4m | €0.7m | 26.6% | 14.8 |
| L'EAU VIVE. Arbre Profondeville | €1.3m | €1.0m | 49.2% | 15 |
These companies have the same main activity as bottarga: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1.3m and €1.5m, founded between 2002 and 2010.
Official details
Source: KBO- Status
- Active since 30-12-2003Normal situation
- Activity
- Full-service restaurantsNACE 56111and 3 others
- Joint committee
- 302Hotels and catering · annual accounts 30-09-2025
- Establishment units
- 2.134.841.2278400 Ostend, since 01-04-2004
- 2.281.649.0448400 Ostend, since 01-11-2018and 1 other
- Financial year end
- 30 September
- Peppol
- Reachable since 15-05-2025
Annual accounts to 30-09-2025
- ≈ €2.1mestimated
- €1.5m▲ 27.6%
- Employeeson 30-09-2025
- 16▼ 5.9%
- Filing
- Filed on 24-03-2026, 37 days before the end of the filing period
Insights on bottarga
bottarga files the abbreviated format. That format states no turnover. The gross margin rose from €352,674 in 2006 to €894,934 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
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 bottarga
- What is the company number of bottarga?
- The company number of bottarga is 0862.435.908. The VAT number is the same number with BE in front: BE 0862.435.908.
- Where is bottarga based?
- The registered office is at Albert I-Promenade 64, 8400 Ostend.Company details
- What does bottarga do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of bottarga?
- bottarga is a private limited company (BV).
- When was bottarga founded?
- bottarga was founded on 30-12-2003.
- Is bottarga still active?
- Yes, bottarga is an active enterprise in the KBO register.
- How many employees does bottarga have?
- bottarga had an average of 15.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does bottarga fall under?
- In its 30-09-2025 annual accounts, bottarga states joint committee 302 (Hotels and catering).
- What is the turnover of bottarga?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €894,934 and 41 comparable companies (NACE 56111). It probably lies between €2.0m and €2.9m.
- Is bottarga profitable?
- In financial year 2025, bottarga made a profit of €121,899.
- Where can I find the annual accounts of bottarga?
- bottarga filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of bottarga due?
- bottarga must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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