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Brexit TNOT

Active
Private limited companyfounded 20187 yrs activeLauwersstraat(Kok) 2, 8670 Koksijde, BelgiumKBO/BCE: BE 0704.671.643

The computed 12-month bankruptcy probability of Brexit TNOT is 5.5% (elevated). The 2024 annual accounts show equity of €174k and a net result of €124k. Equity is growing by ~91.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 2935 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
43 / 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+8
Solvency43▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.24 against 0.25 in 2023; short-term debt: 81.1% and cash: 1% of total assets), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
+raises riskneutral
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
Sector 56
higher
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 27-03-2025, 126 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
126 d early
2023
34 d late
2022
66 d late
2021
75 d late
2020
61 d late
2019
60 d late
← before the deadline after the deadline →
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity
€174k▲ 245%
2023 · €51k
2019: €-32k 2020: €-79k 2021: €-44k 2022: €3k 2023: €51k
2019 → 2024
Total assets
€984k▲ 43.6%
2023 · €685k
2019: €104k 2020: €154k 2021: €490k 2022: €646k 2023: €685k
2019 → 2024
Net result
€124k▲ 161%
2023 · €47k
2019: €-50k 2020: €-47k 2021: €35k 2022: €47k 2023: €47k
2019 → 2024
Working capital
€-609k▼ 31.6%
2023 · €-463k
2019: €-133k 2020: €-221k 2021: €-474k 2022: €-564k 2023: €-463k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€-79k-€-44k▲ 44.3%€3k€51k▲ 1,500%€174k▲ 245%
Operating result€-43k-€44k€73k▲ 66.0%€75k▲ 3.7%€202k▲ 169%
Net result€-47k-€35k€47k▲ 34.8%€47k▲ 1.0%€124k▲ 161%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€-100k€0€100k€200kOperating result 2020: €-43k€-43kNet result 2020: €-47k€-47kOperating result 2021: €44k€44kNet result 2021: €35k€35kOperating result 2022: €73k€73kNet result 2022: €47k€47kOperating result 2023: €75k€75kNet result 2023: €47k€47kOperating result 2024: €202k€202kNet result 2024: €124k€124k20202021202220232024
The operating result has risen four years in a row; 2024 is 169% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €903k
Fixed assets €714k▲ 69.0%
Current assets €189k▲ 22.3%
Equity and liabilities €984k
Equity €174k▲ 245%
Debt €810k▲ 27.6%
The debt ratio falls from 92.6% to 82.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€303k
2023 · €163k
Cash flow
€224k
2023 · €135k
Solvency
17.7%
2023 · 7.4%
Current ratio
0.24
2023 · 0.25
Quick ratio
0.21
2023 · 0.19
Debt / equity
4.65
2023 · 12.56
ROE
71.0%
2023 · 93.7%
ROA
12.6%
2023 · 6.9%
Interest coverage
8.59
2023 · 5.83
Debt
€810k
2023 · €635k
Debt ≤ 1 year
€798k
2023 · €617k
Income taxes
€50k
Staff costs
€298k
2023 · €323k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€685k€984k
Formation expenses20€108k€81k
Fixed assets21/28€422k€714k
Tangible fixed assets22/27€419k€705k
Land and buildings22€294k€457k
Plant, machinery and equipment23€95k€216k
Furniture and vehicles24€6k€12k
Leasing and similar rights25€19k€17k
Other tangible fixed assets26€4k€4k
Financial fixed assets28€3k€8k
Current assets29/58€154k€189k
Stocks and contracts in progress3€36k€24k
Stocks30/36€36k€24k
Amounts receivable within one year40/41€107k€149k
Trade receivables40€37k€37k
Other amounts receivable41€70k€112k
Cash at bank and in hand54/58€11k€10k
Deferred charges and accrued income490/1€437€6k
Equity and liabilities
Total equity and liabilities10/49€685k€984k
Equity10/15€51k€174k
Contributions10/11€19k€19k=
Reserves13€75k€156k
Distributable reserves133€75k€156k
Profit (loss) carried forward14€-43k-
Amounts payable17/49€635k€810k
Amounts payable within one year42/48€617k€798k
Current portion of amounts payable after more than one year42€63k€55k
Trade debts44€301k€269k
Suppliers440/4€301k€269k
Taxes, remuneration and social security45€229k€393k
Taxes450/3€122k€215k
Remuneration and social security454/9€107k€179k
Other amounts payable47/48€24k€80k
Accrued charges and deferred income492/3€18k€12k
Income statement Code20232024
Remuneration, social security and pensions62€323k€298k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€100k
Other operating charges640/8€25k€5k
Gross operating margin9900€510k€606k
Operating profit (loss)9901€75k€202k
Financial income75/76B€79€6k
Recurring financial income75€79€6k
Financial charges65/66B€28k€35k
Recurring financial charges65€28k€35k
Profit (loss) for the period before taxes9903€47k€173k
Income taxes67/77-€50k
Profit (loss) for the period9904€47k€124k
Profit (loss) for the period to be appropriated9905€47k€124k
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€81k
Profit (loss) brought forward from the previous period14P€-90k€-43k
Transfer to equity691/2-€81k
To other reserves6921-€81k
Social balance
Average headcount (FTE)90876.06.7

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
27-03
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2019net €124k ▲161%
Operating result €202k, net result €124k, both a record.
31-12
Financial Equity above €150kEq €174k ▲245%
4 profitable years in a row build equity to €174k.
03-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 34 days late
2023
05-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 66 days late
2022
14-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
31-12
Financial Back to profitnet €35k
Net result €35k after 2 loss-making years.
30-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
29-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2024 Mohammadi Saifuddin: Resigned as Director
11-01-2024 Mohammadi Saifuddin: Resigned as Manager
11-01-2024 Abdul Amiri: Resigned as Manager
11-01-2024 Peyman Moradi: Resigned as Manager
Location & real-estate footprint
Registered office, Koksijde · 3 establishment units since 2019
establishment All 3 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lauwersstraat(Kok) 28670 Koksijde
Ground area
1,275 m²
Building footprint
693 m²
Volume, LiDAR
7,778 m³
4 parcels, Flanders · tallest building 25.0 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
DIGA
Zeedijk(Kok) 331A, 8670 KoksijdeFull-service restaurants
since 20192.284.605.762
Casa Fresca
Zeedijk (Odk) 329, 8670 KoksijdeFood and beverage service activities
since 20212.314.028.535
Si Ristorante Italiano Veurne
Grote Markt 10, 8630 VeurneFull-service restaurants
since 20252.368.952.905
4 parcels
Flanders 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38014E0774/00R000 Flanders 456 m² 1 · 113 m² 7.7 m · 2 fl.
38342G0033/00A000 Flanders 386 m² 1 · 251 m² 25.0 m · 7 fl.
38025A0561/00E000
ProtectedMonument · Townscape or village viewBurgerhuisSource ↗
Flanders 335 m² 1 · 201 m² 15.1 m · 3 fl.
38342G0032/00A000 Flanders 97 m² 1 · 128 m² 24.9 m · 7 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Recognitions · licences · registrations

Food safety, FASFC

3 sites
Koksijde2.284.605.762
1 permission
Toelating · Eetgelegenheid · since 01-11-2020
Koksijde2.314.028.535
1 permission
Toelating · Traiteur · since 01-04-2021
Veurne2.368.952.905
1 permission
Toelating · Eetgelegenheid · since 07-02-2025

Similar companies · same sector, comparable size

Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 8,821 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded17-09-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.