BUT NOT ONLY
ActiveSummary
The computed 12-month bankruptcy probability of BUT NOT ONLY is 2.9% (moderate). The 2024 annual accounts show equity of €43k and a net result of €-6k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 15869 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-90
Solvency76▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 2.22 in 2023; short-term debt: 46.7% and cash: 34.3% of total assets), and 48.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
51.5%
Return on assets
-7.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
60 d late
2021
89 d late
2020
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€43k▼ 12.4%
2023 · €49k
2020: €23k
2021: €23k
2022: €14k
2023: €49k
2020 → 2024
Total assets
€84k▼ 4.2%
2023 · €88k
2020: €29k
2021: €48k
2022: €77k
2023: €88k
2020 → 2024
Net result
€-6k
2023 · €35k
2020: €-7k
2021: €-8k
2022: €-9k
2023: €35k
2020 → 2024
Working capital
€43k▼ 9.1%
2023 · €47k
2020: €21k
2021: €18k
2022: €10k
2023: €47k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€23k▲ 2.0%€14k▼ 40.6%€49k▲ 256%€43k▼ 12.4%
Operating result€-7k-€-7k▼ 2.9%€-9k▼ 15.7%€39k€-5k
Net result€-7k-€-8k▼ 5.0%€-9k▼ 25.2%€35k€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €39k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€2k ▼ 11.3%
Current assets
€82k ▼ 4.0%
Equity and liabilities €84k
Equity
€43k ▼ 12.4%
Debt
€41k ▲ 6.3%
Debt's share of the balance-sheet total rises from 43.7% to 48.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €41k
Cash flow
€-5k▼
2023 · €37k
Current ratio
2.09▼
2023 · 2.22
Quick ratio
1.84▼
2023 · 2.10
Debt to equity
0.94▲
2023 · 0.78
ROE
-14.1%▼
2023 · 71.9%
ROA
-7.3%▼
2023 · 40.5%
Interest coverage
-3.63▼
2023 · 97.67
Debt ≤ 1 year
€39k▲
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€88k€84k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€1k€1k▲
Other tangible fixed assets26€1k€681▼
Current assets29/58€85k€82k▼
Stocks and contracts in progress3€5k€10k▲
Stocks30/36€5k€10k▲
Amounts receivable within one year40/41€26k€43k▲
Trade receivables40€26k€33k▲
Other amounts receivable41-€10k
Cash at bank and in hand54/58€54k€29k▼
Equity and liabilities
Total equity and liabilities10/49€88k€84k▼
Equity10/15€49k€43k▼
Contributions10/11€38k€38k=
Profit (loss) carried forward14€11k€5k▼
Amounts payable17/49€38k€41k▲
Amounts payable within one year42/48€38k€39k▲
Trade debts44€15k€19k▲
Suppliers440/4€15k€19k▲
Taxes, remuneration and social security45€21k€13k▼
Taxes450/3€18k€10k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€2k€7k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Non-recurring operating income76A€29€25▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€906▼
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A-€491
Gross operating margin9900€44k€295▼
Operating profit (loss)9901€39k€-5k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€417€1k▲
Recurring financial charges65€417€1k▲
Profit (loss) for the period before taxes9903€39k€-6k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€35k€-6k▼
Profit (loss) for the period to be appropriated9905€35k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€5k▼
Profit (loss) brought forward from the previous period14P€-24k€11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Pont-à-Celles · 2 establishment units since 2020
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.
Rue Haute(BUZ) 146230 Pont-à-CellesGround area
1,129 m²
Building footprint
210 m²
Volume, LiDAR
820 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
BUT NOT ONLY
since 20202.300.660.945
Wine-Side
since 20222.338.716.817
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52009B0173/00G000 | Wallonia | 1,074 m² | 1 · 124 m² | - |
| 25782D0927/00A000 | Wallonia | 56 m² | 1 · 87 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNivelles2.338.716.817
Similar companies · same sector, comparable size
VECONS
BE 0647.587.836
Leuven · Eq €43,144
Piantino
BE 0717.694.387
Brugge · Eq €43,381
LA FROMAGERIE
BE 0737.687.176
Sint-Martens-Latem · Eq €43,676
S&S Drinks
BE 0804.215.518
Asse · Eq €42,450
G2G
BE 0896.280.691
Sint-Pieters-Woluwe · Eq €42,315
Of 1,641 companies in sector 46170 we hold annual accounts for 671. 454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Abbreviation FR
BNO
Activities, NACEBEL 2025
46170Agents in the wholesale of food, beverages and tobacco
47110Non-specialised retail sale with food, beverages or tobacco predominating
47251Retail sale of wines and spirits
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:philippe.goor@gmail.com
Phone:+32475511822