Equity
BUFFON has made a profit without a break since 2022.
BUFFON has made a profit without a break since 2022.
The accounts state no turnover.
Of this, €717,316 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 120.9% higher than in 2023.
In 2024, 125 short contracts started and 115 ended, on average 104 hours worked per contract. Staff averaged 12 full-time equivalents.
2025 accounts not filed: deadline was 31-07-2026.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 5 in 100 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 24% of them on solvency, 22% on liquidity, 54% on profitability and 87% 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 1,603 companies had the same profile as BUFFON has now. Each dot stands for 5 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BUFFON itself is higher: 5.3% within 12 months. It rests on far more data about BUFFON than the profile alone.
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 1,603 companies, not a prediction for BUFFON. 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 insufficient, with a current ratio of 0.83 (0.72 in 2023), below 1. Short-term debt is 86.3% and cash 22.1% of total assets. 91.3% 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 4 accounts on average 144 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 | ||||
|---|---|---|---|---|
| BUFFON Ghent | €831,402 | €672,136 | 8.7% | 12.2 |
| IMMERSIVE CUISINE Liège | €798,952 | €712,051 | 44.4% | 13.4 |
| THAYD Anderlecht | €830,574 | €728,351 | 22.8% | 12.4 |
| NOOODLE Charleroi | €697,451 | €674,497 | 5.6% | 12.6 |
| Elders bv Ghent | €833,682 | €517,167 | 31.7% | 13.3 |
| BRASSERIE LEON BV Aalst | €958,763 | €712,328 | 14.4% | 10.6 |
| FLOVIER Lochristi | €707,665 | €850,338 | 16.6% | 14.4 |
These companies have the same main activity as BUFFON: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €697,000 and €959,000, founded between 2019 and 2020.
BUFFON files the abbreviated format. That format states no turnover. The gross margin rose from €86,610 in 2021 to €672,136 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.6m. Estimated: probably between €1.5m and €2.2m.
Higher than 24% of 2,938 companies in 2024.
Higher than 35% of 2,898 companies in 2024.
Higher than 41% of 2,911 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2024, 125 short contracts started and 115 ended, on average 104 hours worked per contract. Staff averaged 12 full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
831,402 | 639,948 | 549,018 | 614,355 | |
20 |
385 | 914 | 1,058 | 1,972 | |
21/28 |
238,450 | 312,828 | 357,902 | 485,978 | |
21 |
2,047 | 5,047 | 6,096 | 11,047 | |
22/27 |
232,279 | 303,656 | 347,681 | 470,806 | |
22 |
21,495 | 9,733 | 9,096 | 12,256 | |
23 |
33,411 | 46,094 | 46,094 | 50,803 | |
24 |
30,514 | 45,564 | 54,455 | 73,839 | |
26 |
146,859 | 202,266 | 238,036 | 333,908 | |
28 |
4,125 | 4,125 | 4,125 | 4,125 | |
29/58 |
592,566 | 326,206 | 190,058 | 126,406 | |
3 |
25,430 | 22,436 | 20,763 | 12,328 | |
30/36 |
25,430 | 22,436 | 20,763 | 12,328 | |
40/41 |
383,480 | 124,986 | 46,770 | 35,763 | |
40 |
371,350 | 37,883 | 23,285 | 24,052 | |
41 |
12,130 | 87,102 | 23,485 | 11,711 | |
54/58 |
183,656 | 178,785 | 122,525 | 78,315 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
831,402 | 639,948 | 549,018 | 614,355 | |
10/15 |
72,320 | 45,249 | 6,775 | -22,341 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | |
13 |
38,474 | 38,474 | - | - | |
133 |
38,474 | 38,474 | - | - | |
14 |
-16,155 | -43,225 | -43,225 | -72,341 | |
17/49 |
759,082 | 594,699 | 542,243 | 636,696 | |
17 |
41,766 | 138,621 | 208,685 | 269,391 | |
170/4 |
41,766 | 138,621 | 208,685 | 269,391 | |
42/48 |
717,316 | 456,078 | 322,365 | 367,306 | |
42 |
40,167 | 39,396 | 9,109 | 15,556 | |
43 |
0 | 211 | 2,136 | - | |
430/8 |
0 | 211 | 2,136 | - | |
44 |
91,625 | 104,033 | 181,498 | 269,106 | |
440/4 |
91,625 | 104,033 | 181,498 | 269,106 | |
46 |
93,874 | - | - | - | |
45 |
335,339 | 257,621 | 57,289 | - | |
450/3 |
271,666 | 250,297 | 15,927 | - | |
454/9 |
63,673 | 7,324 | 41,361 | - | |
47/48 |
156,312 | 54,818 | 72,333 | 82,644 | |
492/3 |
- | 0 | 11,193 | - | |
| Income statement | |||||
9900 |
672,136 | 425,889 | 904,896 | 86,610 | |
62 |
295,934 | 311,036 | 724,059 | 145,480 | |
630 |
103,847 | 48,126 | 135,492 | 9,575 | |
631/4 |
115,634 | - | - | - | |
640/8 |
15,636 | 6,950 | 12,022 | 3,324 | |
66A |
96,799 | 0 | - | - | |
9901 |
44,287 | 59,776 | 33,324 | -71,768 | |
75/76B |
181 | 0 | 15 | 558 | |
75 |
181 | 0 | 15 | 558 | |
65/66B |
6,361 | 4,039 | 3,578 | 1,131 | |
65 |
6,361 | 4,039 | 2,965 | 1,131 | |
66B |
- | - | 612 | - | |
9903 |
38,107 | 55,738 | 29,761 | -72,341 | |
67/77 |
11,036 | 17,264 | 645 | - | |
9904 |
27,071 | 38,474 | 29,116 | -72,341 | |
9905 |
27,071 | 38,474 | 29,116 | -72,341 | |
| Appropriation of the result | |||||
9906 |
-16,155 | -4,751 | -43,225 | -72,341 | |
14P |
-43,225 | -43,225 | -72,341 | - | |
691/2 |
0 | 38,474 | - | - | |
6921 |
0 | 38,474 | - | - | |
| Social balance sheet | |||||
9087 |
12.2 | 17.3 | - | - | |
Hours worked1013 |
13,056 | 10,481 | - | - | |
| Document | |||||
The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 23-07-2025.
| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 148,134 | 107,903 | 168,816 | -62,193 | ||
| 130,917 | 86,601 | 164,608 | -62,766 | ||
| 28,940 | 2,908 | 6,502 | 494,880 | ||
| 4,871 | 56,260 | 44,210 | - | ||
| -124,750 | -129,872 | -132,307 | -240,900 | ||
| 8.7% | 7.1% | 1.2% | -3.6% | ||
| 0.83 | 0.72 | 0.59 | 0.34 | ||
| 0.79 | 0.67 | 0.53 | 0.31 | ||
| 10.50 | 13.14 | 80.04 | - | ||
| 37.4% | 85.0% | 429.8% | - | ||
| 3.3% | 6.0% | 5.3% | -11.8% | ||
| 23.29 | 26.72 | 56.93 | -54.98 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 22 | 8 |
| full-time | 5 | 6 |
| part-time | 17 | 2 |
| in full-time equivalents | 12.6 | 7.4 |
| 12.2 | 17.2 | |
| On a permanent contract | 7 | 8 |
| Joined | 125 | 62 |
| Left | 115 | 71 |
Source: social balance sheet in the 2023 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €28,940 | €2,908 | €6,502 | €475,755 |
| Intangible fixed assets | - | - | - | €15,000 |
| Financial fixed assets | - | - | - | €4,125 |
| €103,847 | €48,126 | €135,492 | €9,575 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 26% lower than in 2023.
Debt's share of the balance-sheet total falls from 92.9% to 91.3%. Equity and debt are higher.
BUFFON has no parent and no holdings in its annual accounts. DEKETELAERE Willem is the only director.
| Croes, Kristof (sole trader)
establishment since 23-08-2021 |
founded in 2021 0773.460.875 |
| HONG - HUA
registered office since 24-08-1998 |
founded in 1998 0463.276.453 |
| DON'T STOP BELIEVIN' via William Verhaeghe, at BUFFON until 2023 · Statutory manager · deed of 12-06-2025 |
founded in 2025 |
The connected companies are in the list below.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
BUFFON was incorporated on 7 September 2020 as a private limited company by two natural persons, with a starting capital of €50,000.12 The registered office moved to Beernem in 2022 and to Ghent in 2023.34 DEKETELAERE Willem is director of the company, appointed by deed of 09-09-2020.2 Total assets rose from €614,355 in 2021 to €831,402 in 2024.5 On 17 April 2023 the company was declared bankrupt.6
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Serpentstraat 11 9000 Ghent | 07-09-2020 | 2.308.485.281 | |
| Belfortstraat 24 registered office 9000 Ghent | 01-05-2021 | 2.314.852.639 | Restaurant |
| 02-12-2021 | Granted | Functiewijziging zonder verbouwingswerken submitted 23-09-2021 · project 2021150401 | Gent |
| 24-09-2021 | Discontinued | Functiewijziging zonder verbouwingswerken submitted 21-07-2021 · project 2021112195 | Gent |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44802B1489/00M000 | 252 m² | 1 · 250 m² | 17.5 m · 5 |
| 44802B1630/00A000 | 132 m² | 1 · 132 m² | 17.0 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.