BOX ELDER
ActiveSummary
The computed 12-month bankruptcy probability of BOX ELDER is 5.5% (elevated). The 2024 annual accounts show negative equity (-€260,016) and a net result of -€28,441. Equity is shrinking by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 18932 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-17
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.34 against 0.01 in 2023; short-term debt: 61.9% and cash: 7.4% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
-247.9%
Return on assets
-27.1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€260,016
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
28 d early
2021
2 d late
2020
23 d early
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€260,016▼ 12.3%
2023 · -€231,575
Total assets
€104,876▲ 2.6%
2023 · €102,235
Net result
-€28,441▼ 22.8%
2023 · -€23,160
Working capital
-€42,915▲ 87.0%
2023 · -€330,907
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€60,617▲ 38.1%-€43,582▲ 28.1%-€22,560▲ 48.2%-€20,463▲ 9.3%-€22,544▼ 10.2%
Net result-€60,882▲ 37.5%-€45,312▲ 25.6%-€23,792▲ 47.5%-€23,160▲ 2.7%-€28,441▼ 22.8%
Equity-€139,311▼ 77.6%-€184,623▼ 32.5%-€208,415▼ 12.9%-€231,575▼ 11.1%-€260,016▼ 12.3%
Total assets€162,104▼ 37.0%€140,704▼ 13.2%€145,554▲ 3.4%€102,235▼ 29.8%€104,876▲ 2.6%
Debt€301,414▼ 10.3%€325,327▲ 7.9%€353,969▲ 8.8%€333,810▼ 5.7%€364,891▲ 9.3%
Working capital-€296,616▼ 13.5%-€320,247▼ 8.0%-€331,399▼ 3.5%-€330,907▲ 0.1%-€42,915▲ 87.0%
Staff (FTE)0.71.6▲ 129%2.6▲ 62.5%
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 €22,544 in 2024 against €20,463 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104,876
Fixed assets
€82,899 ▼ 16.5%
Current assets
€21,977 ▲ 657%
Key figures and ratios
EBITDA
-€1,813▼
2023 · €5,290
Cash flow
-€7,709▼
2023 · €2,592
Solvency
-247.9%▼
2023 · -226.5%
Current ratio
0.34▲
2023 · 0.01
Quick ratio
0.33▲
2023 · 0.01
Debt to equity
-1.40▲
2023 · -1.44
ROA
-27.1%▼
2023 · -22.7%
Interest coverage
-0.32▼
2023 · 2.07
Debt ≤ 1 year
€64,891▼
2023 · €333,810
Debt > 1 year
€300,000
Income taxes
€152▲
2023 · €144
Staff costs
€110,948▲
2023 · €61,008
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €19,010 | €61,008 | €110,948 | ▲ 81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,454 | €23,480 | €23,118 | €25,753 | €20,732 | ▼ 19.5% |
| Other operating charges640/8 | - | €1,532 | €1,873 | €651 | €719 | ▲ 10.5% |
| Gross operating margin9900 | -€37,105 | -€18,569 | €21,440 | €66,949 | €109,855 | ▲ 64.1% |
| Operating profit (loss)9901 | -€60,617 | -€43,582 | -€22,560 | -€20,463 | -€22,544 | ▼ 10.2% |
| Financial income75/76B | - | €5 | €126 | €1 | €6 | ▲ 454% |
| Recurring financial income75 | €5 | €5 | €126 | €1 | €6 | ▲ 454% |
| Financial charges65/66B | - | €1,581 | €1,196 | €2,555 | €5,750 | ▲ 125% |
| Recurring financial charges65 | €125 | €1,581 | €1,196 | €2,555 | €5,750 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | -€60,738 | -€45,158 | -€23,630 | -€23,017 | -€28,289 | ▼ 22.9% |
| Income taxes67/77 | €145 | €154 | €162 | €144 | €152 | ▲ 5.4% |
| Profit (loss) for the period9904 | -€60,882 | -€45,312 | -€23,792 | -€23,160 | -€28,441 | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | -€60,882 | -€45,312 | -€23,792 | -€23,160 | -€28,441 | ▼ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €162,104 | €140,704 | €145,554 | €102,235 | €104,876 | ▲ 2.6% |
| Fixed assets21/28 | €157,305 | €135,624 | €122,985 | €99,332 | €82,899 | ▼ 16.5% |
| Tangible fixed assets22/27 | €152,883 | €131,201 | €118,334 | €94,681 | €78,248 | ▼ 17.4% |
| Plant, machinery and equipment23 | - | €131,201 | €111,111 | €89,955 | €76,018 | ▼ 15.5% |
| Furniture and vehicles24 | - | - | €7,223 | €4,727 | €2,230 | ▼ 52.8% |
| Financial fixed assets28 | €4,423 | €4,423 | €4,650 | €4,650 | €4,650 | = |
| Current assets29/58 | €4,798 | €5,081 | €22,569 | €2,903 | €21,977 | ▲ 657% |
| Stocks and contracts in progress3 | €750 | €645 | €786 | €917 | €867 | ▼ 5.4% |
| Stocks30/36 | - | €645 | €786 | €917 | €867 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €504 | €1,169 | €16,236 | €1,506 | €12,794 | ▲ 750% |
| Trade receivables40 | - | - | €16,136 | €1,506 | €12,794 | ▲ 750% |
| Other amounts receivable41 | - | €1,169 | €100 | - | - | - |
| Cash at bank and in hand54/58 | €2,160 | €3,111 | €5,203 | €223 | €7,728 | ▲ 3,369% |
| Deferred charges and accrued income490/1 | - | €156 | €344 | €258 | €588 | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €162,104 | €140,704 | €145,554 | €102,235 | €104,876 | ▲ 2.6% |
| Equity10/15 | -€139,311 | -€184,623 | -€208,415 | -€231,575 | -€260,016 | ▼ 12.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€159,771 | -€205,083 | -€228,875 | -€252,035 | -€280,476 | ▼ 11.3% |
| Amounts payable17/49 | €301,414 | €325,327 | €353,969 | €333,810 | €364,891 | ▲ 9.3% |
| Amounts payable after more than one year17 | - | - | - | - | €300,000 | - |
| Financial debts170/4 | - | - | - | - | €300,000 | - |
| Amounts payable within one year42/48 | €301,414 | €325,327 | €353,969 | €333,810 | €64,891 | ▼ 80.6% |
| Current portion of amounts payable after more than one year42 | - | - | €6,490 | - | - | - |
| Trade debts44 | €7,774 | €12,053 | €17,881 | €5,748 | €17,696 | ▲ 208% |
| Suppliers440/4 | - | €12,053 | €17,881 | €5,748 | €17,696 | ▲ 208% |
| Taxes, remuneration and social security45 | - | €299 | €3,482 | €12,551 | €21,198 | ▲ 68.9% |
| Taxes450/3 | - | - | €2,905 | €8,785 | €18,813 | ▲ 114% |
| Remuneration and social security454/9 | - | €299 | €577 | €3,767 | €2,385 | ▼ 36.7% |
| Other amounts payable47/48 | - | €312,976 | €326,116 | €315,511 | €25,998 | ▼ 91.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,882 | -€45,312 | -€23,792 | -€23,160 | -€28,441 | ▼ 22.8% |
| + Depreciation and write-downs630 | €23,454 | €23,480 | €23,118 | €25,753 | €20,732 | ▼ 19.5% |
| Operating cash flow (approximation) | -€37,429 | -€21,832 | -€674 | €2,592 | -€7,709 | ▼ 397% |
| Investment in fixed assets (approximation) | - | -€1,798 | -€10,479 | -€2,100 | -€4,299 | ▼ 105% |
| Change in cash | - | €951 | €2,093 | -€4,981 | €7,505 | ▲ 251% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Weakest financial yearnet -€97,455
Net result drops to -€97,455, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Elsene · 1 establishment unit since 2011
Ground area
547 m²
Building footprint
96 m²
Volume, LiDAR
1,105 m³
Parcel 21009A0628/00F000, Brussels · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BOX ELDER
since 20112.231.964.456
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0628/00F000 | Brussels | 547 m² | 1 · 96 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
1 siteElsene2.231.964.456
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,776. 8,009 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
Founded01-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.