Overdue debts
€37,265 on 30-09-2025
The annual accounts state €6,291 of overdue tax debts and €30,974 of overdue social security (RSZ) debts on 30-09-2025.
Brabelgest
Lifetime
2 annual accounts with figures on one time axispeak -€17,356 (2024)
-€105,589▼ €88,233
lowest -€323,085 (2025)
-€323,085▼ €296,629
peak -€6,457 (2024)
-€329,542▼ €323,085
€1.4m▲ 372%
Board1 name since 2024
1 directorBRAIBANT Olivier
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from -€17,356 to -€105,589Loss of €323,085Equity from -€6,457 to -€329,542Debts from €292,306 to €1.4mInvestments €682,486Cash from €3,659 to €27,288
Key points
from the 2025 annual accountsEquity
-€329,542
Debts exceed assets in financial year 2025.
Result
-€323,085 ▼ 1,121%
The result fell in 2025 from -€26,457 to -€323,085.
Debts
€1.4m 131% of the balance sheet
Financial debts 4%Suppliers 18%Taxes and wages 7%Other 71%
Of this, €348,334 falls due within a year.
Investments
€682,486 10.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 118.6% higher than in 2024.
Liquidity
0.50 was 1.42 in 2024
Short-term debts rose from €17,580 to €348,334.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 13% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 3.8%
07-2025: 3.8%● unchanged vs 06-2025
08-2025: 3.8%● unchanged vs 07-2025
09-2025: 4.0%▲ +0.2 percentage points vs 08-2025
10-2025: 4.0%● unchanged vs 09-2025
11-2025: 4.1%▲ +0.1 percentage points vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 4.4%▲ +0.3 percentage points vs 12-2025
02-2026: 4.4%● unchanged vs 01-2026
03-2026: 4.3%▼ -0.1 percentage points vs 02-2026
04-2026: 4.5%▲ +0.2 percentage points vs 03-2026
05-2026: 4.4%▼ -0.1 percentage points vs 04-2026
06-2026: 4.5%▲ +0.1 percentage points vs 05-2026
07-2026: 4.8%▲ +0.3 percentage points vs 06-2026
08-2026: 4.8%● unchanged vs 07-2026
09-2026: 5.1%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 3.3%▼ -1.8 percentage points vs 09-2026lowest value
11-2026: 3.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Negative equity -€329,542
Founded in 2024
lowers risk
Size: total assets €1.0m
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 9% of them on solvency, 33% on liquidity, 8% on profitability and 1% 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 moderate class on 30-06-2025, 2.4% 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, 490 companies had the same profile as Brabelgest has now. Each dot is one company, two years later.
88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Brabelgest itself: 3.3% 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 490 companies, not a prediction for Brabelgest. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.5 (1.42 in 2024), below 1. Short-term debt is 33.2% and cash 2.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€329,542
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 30-04-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
54 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 27 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.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- BRAIBANT Olivier 75 sharesdeed of 28-05-2024
- BISCHOF Beate 25 sharesdeed of 28-05-2024
Recent changes
Incorporation
Founding capital of €20,000, 100 shares · Founders: BRAIBANT Olivier and BISCHOF Beate · Appointment: BRAIBANT Olivier (director) · published on 28-05-2024 · Gazette deed
First establishment
Charle-Albertlaan 13, Watermael-Boitsfort
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Brabelgest Watermael-Boitsfort | €1.0m | -€105,589 | -31.4% | - |
| NEW SUNRISE 1 Anderlecht | €1.2m | -€85,873 | -6.6% | - |
| AGENCE KANAL F&B Brussels | €1.3m | -€94,860 | 98.6% | 1.5 |
| Resto Wellness Ninove Ninove | €0.8m | -€40,584 | -6.3% | - |
| JIS Haaltert | €0.7m | -€35,715 | -8.9% | - |
| WALDBADEN Butgenbach | €1.1m | -€67,275 | 6.2% | - |
| Base Drinks Sint-Gillis (bij-Brussel) | €0.7m | -€118,947 | -35.9% | 4 |
These companies have the same main activity as Brabelgest: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €663,000 and €1.3m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 24-05-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 5 others
- Establishment unit
- 2.361.191.4201170 Watermael-Boitsfort, since 24-05-2024
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €1.0m▲ 267%
- Employeeson 30-09-2025
- 25
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on Brabelgest
The balance sheet grew most in 2025 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 Brabelgest
- What is the company number of Brabelgest?
- The company number of Brabelgest is 1009.652.610. The VAT number is the same number with BE in front: BE 1009.652.610.
- Where is Brabelgest based?
- The registered office is at Charle-Albertlaan 13, 1170 Watermael-Boitsfort.Company details
- What does Brabelgest do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Brabelgest?
- Brabelgest is a private limited company (BV).
- When was Brabelgest founded?
- Brabelgest was founded on 24-05-2024.
- Is Brabelgest still active?
- Yes, Brabelgest is an active enterprise in the KBO register.
- How many employees does Brabelgest have?
- Brabelgest had an average of 14.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Brabelgest?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Brabelgest profitable?
- In financial year 2025, Brabelgest made a loss of €323,085.
- Where can I find the annual accounts of Brabelgest?
- Brabelgest filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Brabelgest due?
- Brabelgest must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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