Equity
BREST has made a profit without a break since 2019.
BREST has made a profit without a break since 2019.
The abbreviated format states no turnover.
Of this, €464,122 falls due within a year.
In 2025, 1,861 short contracts started and 1,863 ended, on average 27 hours worked per contract. Staff averaged 30 full-time equivalents.
Three of the last ten came late. The 2024 accounts came latest: 61 days after the end of the period.
Higher gross margin than 95% of companies in food and beverage service. Sector median €228,348 · 4,820 companies.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 49% of them on solvency, 64% on liquidity, 65% on profitability and 82% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 2,613 companies had the same profile as BREST has now. Each dot stands for 7 companies, two years later.
That fits the bankruptcy probability of BREST itself: 0.6% within 12 months.
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 2,613 companies, not a prediction for BREST. 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.
Liquidity is tight, with a current ratio of 1.02 (0.88 in 2024), below the usual 1.5. Short-term debt is 70.1% and cash 34.7% of total assets. 72.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 11 days after 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.
| Company | ||||
|---|---|---|---|---|
| BREST Kampenhout | €662,454 | €1.5m | 27.4% | 30 |
| RESTAURATION IMPERIALE Charleroi | €658,186 | €1.4m | 13.1% | 30 |
| ANTARES Mouscron | €755,545 | €1.5m | -15.2% | 28.9 |
| SORELUX Overijse | €947,420 | €1.5m | 56.4% | 34.5 |
| KORFMAKER Antwerp | €710,498 | €1.3m | 30.8% | 24.2 |
| ERDECEE Maldegem | €716,706 | €1.8m | 19.5% | 26.6 |
| CODISPEED Gesves | €718,303 | €1.2m | 19.0% | 24.7 |
These companies have the same main activity as BREST: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €658,000 and €947,000, founded between 1996 and 2003.
BREST files the abbreviated format. That format states no turnover. The gross margin rose from €653,151 in 2006 to €1.5m in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets.
MAMEDA holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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