BRITISH
Open bankruptcyFinancials · financial year 2024, micro format
Equity
€33,884▼ 8.2%
2023 · €36,904
Total assets
€2.4m▼ 18.9%
2023 · €3.0m
Net result
-€3,020
2023 · €19,584
Working capital
-€1.7m▲ 4.0%
2023 · -€1.8m
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €14,168 after €7,153 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2024
Net result-€0.003m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.4m
2024
Equity€0.03m
2024
Debt€2.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.7m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.4%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.12
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)2.8
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.2m--€0.2m▲ 8.1%-€0.3m▼ 56.2%-€0.1m▲ 59.5%-€0.05m▲ 63.5%€0.007m-€0.01m
Net result-€0.2m--€0.2m▲ 9.1%-€0.3mbelow the sector's middle half▼ 63.3%-€0.1mbelow the sector's middle half▲ 64.6%€436within the sector's middle half€0.02mwithin the sector's middle half▲ 4,387%-€0.003mwithin the sector's middle half
Equity-€0.5m-€0.2m-€0.08mbelow the sector's middle half€0.02mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 2.6%€0.04mwithin the sector's middle half▲ 113%€0.03mwithin the sector's middle half▼ 8.2%
Total assets€3.1m-€3.7m▲ 19.6%€3.4mabove the sector's middle half▼ 9.6%€3.2mabove the sector's middle half▼ 4.6%€3.1mabove the sector's middle half▼ 5.2%€3.0mabove the sector's middle half▼ 3.3%€2.4mabove the sector's middle half▼ 18.9%
Debt€3.3m-€3.2m▼ 3.1%€3.2m▼ 1.3%€3.0m▼ 7.1%€2.8m▼ 4.1%€2.8m▼ 3.3%€2.2m▼ 19.5%
Working capital-€2.6m--€2.6m▲ 1.4%-€2.6mbelow the sector's middle half▼ 1.4%-€2.4mbelow the sector's middle half▲ 9.7%-€2.1mbelow the sector's middle half▲ 11.6%-€1.8mbelow the sector's middle half▲ 13.7%-€1.7mbelow the sector's middle half▲ 4.0%
Solvency-17.2%-5.5%▲ 22.8pp-2.4%within the sector's middle half▼ 7.9pp0.5%within the sector's middle half▲ 2.9pp0.6%within the sector's middle half=1.2%within the sector's middle half▲ 0.7pp1.4%within the sector's middle half▲ 0.2pp
Current ratio0.06-0.07▲ 0.010.05below the sector's middle half▼ 0.020.09below the sector's middle half▲ 0.040.17below the sector's middle half▲ 0.080.27below the sector's middle half▲ 0.100.12below the sector's middle half▼ 0.15
Return on assets (ROA)-6.2%--4.7%▲ 1.5pp-8.5%within the sector's middle half▼ 3.8pp-3.2%below the sector's middle half▲ 5.3pp0.0%within the sector's middle half▲ 3.2pp0.7%within the sector's middle half▲ 0.6pp-0.1%within the sector's middle half▼ 0.8pp
Staff (FTE)2-3.5▲ 75.0%1.1within the sector's middle half▼ 68.6%3.1▲ 182%2▼ 35.5%2.9▲ 45.0%2.8▼ 3.4%
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.2m ▼ 5.8%
Current assets
€243,417 ▼ 63.7%
Equity and liabilities €2.4m
Equity
€33,884 ▼ 8.2%
Provisions
€147,027 ▼ 12.7%
Debt
€2.2m ▼ 19.5%
Debt's share of the balance-sheet total falls from 93.1% to 92.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€226,536▼
2023 · €284,494
Cash flow
€237,683▼
2023 · €296,925
Quick ratio
0.12▼
2023 · 0.27
Debt to equity
65.51▼
2023 · 74.68
ROE
-8.9%▼
2023 · 53.1%
Interest coverage
9.53▼
2023 · 12.40
Debt ≤ 1 year
€2.0m▼
2023 · €2.5m
Debt > 1 year
€235,472▼
2023 · €276,171
Income taxes
€395▲
2023 · €360
Staff costs
€67,187▼
2023 · €86,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €71,800 | €140,639 | €15,113 | ▼ 89.3% |
| Remuneration, social security and pensions62 | - | - | - | €22,322 | €68,247 | €86,540 | €67,187 | ▼ 22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €345,912 | €360,563 | €349,632 | €343,136 | €304,415 | €277,341 | €240,704 | ▼ 13.2% |
| Other operating charges640/8 | - | - | - | €38,036 | €38,026 | €45,377 | €52,725 | ▲ 16.2% |
| Non-recurring operating charges66A | - | - | - | €10,665 | - | - | - | - |
| Gross operating margin9900 | €246,724 | €305,173 | €91,937 | €289,767 | €365,325 | €416,411 | €346,448 | ▼ 16.8% |
| Operating profit (loss)9901 | -€213,794 | -€196,498 | -€306,834 | -€124,391 | -€45,363 | €7,153 | -€14,168 | - |
| Financial income75/76B | - | - | - | €9,204 | €8,595 | €9,268 | €14,019 | ▲ 51.3% |
| Recurring financial income75 | €781 | €124 | €8 | €776 | €8,595 | €6,614 | €13,020 | ▲ 96.9% |
| Non-recurring financial income76B | - | - | - | €8,428 | €8,595 | €2,654 | €998 | ▼ 62.4% |
| Financial charges65/66B | - | - | - | €15,016 | €8,972 | €22,952 | €23,952 | ▲ 4.4% |
| Recurring financial charges65 | €10,504 | €8,705 | €8,729 | €15,016 | €8,783 | €22,952 | €23,770 | ▲ 3.6% |
| Non-recurring financial charges66B | - | - | - | - | €188 | - | €182 | - |
| Profit (loss) for the period before taxes9903 | -€223,517 | -€205,046 | -€315,689 | -€130,203 | -€45,739 | -€6,531 | -€24,101 | ▼ 269% |
| Transfer from deferred taxes780 | - | - | - | €28,403 | €46,176 | €26,475 | €21,476 | ▼ 18.9% |
| Income taxes67/77 | - | - | €517 | €74 | - | €360 | €395 | ▲ 9.8% |
| Profit (loss) for the period9904 | -€193,610 | -€176,033 | -€287,520 | -€101,875 | €436 | €19,584 | -€3,020 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €55,159 | €89,675 | €51,416 | €41,707 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | -€135,528 | -€119,689 | -€231,810 | -€46,716 | €90,112 | €71,000 | €38,687 | ▼ 45.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3.1m | €3.7m | €3.4m | €3.2m | €3.1m | €3.0m | €2.4m | ▼ 18.9% |
| Fixed assets21/28 | €3.0m | €3.6m | €3.3m | €3.0m | €2.6m | €2.3m | €2.2m | ▼ 5.8% |
| Tangible fixed assets22/27 | €3.0m | €3.6m | €3.3m | €3.0m | €2.6m | €2.3m | €2.2m | ▼ 5.8% |
| Land and buildings22 | - | - | - | €2.3m | €2.0m | €1.8m | €1.8m | ▼ 2.6% |
| Plant, machinery and equipment23 | - | - | - | €0.7m | €0.5m | €0.4m | €0.3m | ▼ 19.3% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.08m | €0.07m | ▼ 8.8% |
| Other tangible fixed assets26 | - | - | - | €0.001m | €287 | €230 | €172 | ▼ 25.0% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | - | - | - | - | - |
| Current assets29/58 | €0.2m | €0.2m | €0.1m | €0.2m | €0.4m | €0.7m | €0.2m | ▼ 63.7% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €0.001m | - |
| Stocks30/36 | - | - | - | - | - | - | €0.001m | - |
| Amounts receivable within one year40/41 | €0.07m | €0.07m | €0.1m | €0.1m | €0.1m | €0.09m | €0.1m | ▲ 1.1% |
| Trade receivables40 | - | - | - | €0.001m | €0.003m | €0.002m | €0.002m | ▼ 26.0% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.1m | €0.09m | €0.09m | ▲ 1.7% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.007m | €0.1m | €0.3m | €0.6m | €0.1m | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | - | €0.001m | €0.01m | ▲ 2,472% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3.1m | €3.7m | €3.4m | €3.2m | €3.1m | €3.0m | €2.4m | ▼ 18.9% |
| Equity10/15 | -€0.5m | €0.2m | -€0.08m | €0.02m | €0.02m | €0.04m | €0.03m | ▼ 8.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Contributions outside capital11 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Other1109/19 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 12.4% |
| Tax-exempt reserves132 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | ▼ 12.4% |
| Profit (loss) carried forward14 | -€1.3m | -€1.4m | -€1.6m | -€1.7m | -€1.6m | -€1.5m | -€1.5m | ▲ 2.6% |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 12.7% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 12.7% |
| Amounts payable17/49 | €3.3m | €3.2m | €3.2m | €3.0m | €2.8m | €2.8m | €2.2m | ▼ 19.5% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 14.7% |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 14.7% |
| Amounts payable within one year42/48 | €2.8m | €2.8m | €2.8m | €2.6m | €2.5m | €2.5m | €2.0m | ▼ 20.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.04m | €0.04m | €0.04m | ▼ 9.3% |
| Trade debts44 | €0.06m | €0.06m | €0.06m | €0.05m | €0.06m | €0.03m | €0.01m | ▼ 53.8% |
| Suppliers440/4 | - | - | - | €0.05m | €0.06m | €0.03m | €0.01m | ▼ 53.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.01m | €0.003m | ▼ 79.6% |
| Taxes450/3 | - | - | - | €0.003m | €0.002m | €0.004m | €0.002m | ▼ 36.1% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.02m | €0.009m | €292 | ▼ 96.8% |
| Other amounts payable47/48 | - | - | - | €2.5m | €2.4m | €2.4m | €1.9m | ▼ 19.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.004m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€193,610 | -€176,033 | -€287,520 | -€101,875 | €436 | €19,584 | -€3,020 | - |
| + Depreciation and write-downs630 | €345,912 | €360,563 | €349,632 | €343,136 | €304,415 | €277,341 | €240,704 | ▼ 13.2% |
| Operating cash flow (approximation) | €152,302 | €184,530 | €62,113 | €241,261 | €304,851 | €296,925 | €237,683 | ▼ 20.0% |
| Investment in fixed assets (approximation) | - | -€955,915 | -€48,073 | -€81,982 | €59,952 | €60,137 | -€106,717 | - |
| Change in cash | - | €26,615 | -€116,750 | €121,968 | €202,856 | €243,531 | -€442,329 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 23-06-2025 | 2025-00175944 |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00180011 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00416288 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20403764 |
| 31-12-2020 | micro format | 30-09-2021 | 2021-70500341 |
| 31-12-2019 | micro format | 12-08-2020 | 2020-40800505 |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300366 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57200322 |
| 31-12-2016 | abbreviated format | 22-08-2017 | 2017-46000551 |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-53200509 |
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Of the 20,124 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,487. 9,618 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.