Active BE 0888.154.566Besloten Vennootschap van publiek rechtOpen bankruptcy

BRASSERIE CONCEPT

Karel Vandewoestijnestraat(Mar) 21 ·8510 Kortrijk, Belgium· 19 yrs active

Sector: Activiteiten van eetgelegenheden met volledige bediening (56111)

Conclusion Checked

A bankruptcy procedure is open for BRASSERIE CONCEPT according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-229k) and a net result of €-198k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-229k
Net result	€-198k
Staff (FTE)	7.5
Better than sector	12%

Financial profile 5 of 5 axes measured · computed by Checked

34 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 36

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-04-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-43.4%	16.8%	better than 12% of 484 sector peers
Net result	€-198k	€9k	better than 5% of 480 sector peers
Equity	€-229k	€41k	better than 5% of 484 sector peers
Gross operating margin	€255k	€218k	better than 53% of 476 sector peers
Staff costs	€386k	€232k	higher than 67% of 401 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-135k

-360.2% 18-23

Net profit

€-198k

-288.5% 18-23

Cash flow

€-172k

-304.0% 18-23

Total assets

€527k

-4.9% 18-23

Equity

€-229k

-638.6% 18-23

Working capital

€-266k

-34.1% 18-23

Employees (FTE)

8

-14.8% 18-23

Staff costs

€386k

+11.3% 18-23

Show 11 other metrics

Income taxes

€475

-61.9% 18-23

Debt

€756k

+29.2% 18-23

Debt ≤ 1y

€689k

+43.9% 18-23

Debt > 1y

€68k

-35.8% 18-23

Current ratio

0.61

+4.8% 18-23

Quick ratio

0.47

+9.6% 18-23

Solvency

-43.4%

-676.8% 18-23

Debt / equity

-3.30

+82.5% 18-23

ROE

86.5%

-47.4% 18-23

ROA

-37.5%

-308.6% 18-23

Interest coverage

-3.65

-48.7% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€-135k
Net profit	€-198k
Cash flow	€-172k
Staff costs	€386k
Income taxes	€475
Dividends	-
Total assets	€527k
Equity	€-229k
Debt	€756k
of which ≤ 1y	€689k
of which > 1y	€68k
Working capital	€-266k
Employees (FTE)	7.5

Ratios (computed)

	2023
Current ratio	0.61
Quick ratio	0.47
Working capital ratio	-50.4%
Solvency	-43.4%
Debt / equity	-3.30
Long-term debt ratio	-0.30
Interest coverage	-3.65
Gross margin	-
Net margin	-
ROA	-37.5%
ROE	86.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €104k · 19.8% Current assets €423k · 80.2%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€527k
Fixed assets	21/28	€104k
Tangible fixed assets	22/27	€104k
Current assets	29/58	€423k
Stocks & contracts in progress	3	€98k
Amounts receivable within one year	40/41	€325k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€527k
Equity	10/15	€-229k
Contributions / capital	10/11	€15k
Accumulated profits (losses)	14	€-244k
Amounts payable	17/49	€756k
Amounts payable after one year	17	€68k
Amounts payable within one year	42/48	€689k
Trade debts payable within one year	44	€601k
Income statement
Gross operating margin	9900	€255k
Operating result	9901	€-161k
Financial income	75	€619
Financial charges	65	€37k
Result before taxes	9903	€-198k
Income taxes	67/77	€475
Net result for the period	9904	€-198k
Result to be appropriated	9905	€-198k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	GUY DELABIE ENGELSE WANDELING 74, 8510 MARKE-	15-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form	Besloten Vennootschap van publiek recht(616)
Incorporation	22-03-2007
Status	Active
Postal code	8510
First insolvency signal	21-10-2024
Latest insolvency signal	21-10-2024

Establishment units 2 locations

Ferme d'Ecavée - Bistro Cabane Bavette

Rue Haute (MOL) 1, 7760 Celles (lez-Tournai)de café-restaurants (tavernen)

since 20072.160.708.157

Ferme d'Ecavée - Bistro Cabane Bavette

Karel Vandewoestijnestraat(Mar) 21, 8510 KortrijkHandelsbemiddeling in de niet-gespecialiseerde groothandel

since 20212.327.920.618

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57054C0625/00D000	Wallonia	3.5 ha	1 · 919 m²	13.4 m · 2 fl.
34026B0345/00C000	Flanders	872 m²	1 · 198 m²	8.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

21-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · BRASSERIE CONCEPT BV KAREL VANDEWOESTIJNESTRAAT(MAR) 21, 8510 KORTRIJK- MARKE · event 15-10-2024

27-04-2024