BY37
ActiveSummary
The computed 12-month bankruptcy probability of BY37 is 5.4% (elevated). The 2024 annual accounts show equity of €47k and a net result of €-27k. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 18936 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
Axes · tick = 2023
Profitability0▼-18
Solvency84▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 2.42 against 3.21 in 2023; short-term debt: 40.6% and cash: 92.5% of total assets), and 41.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 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
58.6%
Return on assets
-33.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-27k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
68 d late
2022
120 d late
2021
78 d late
2020
135 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€47k▼ 36.1%
2023 · €74k
2020: €68k
2021: €120k▲ +75.9% vs 2020highest in 5 years
2022: €78k▼ -35.0% vs 2021
2023: €74k▼ -4.9% vs 2022
2024: €47k▼ -36.1% vs 2023lowest in 5 years
2020 → 2024
Total assets
€81k▼ 18.8%
2023 · €100k
2020: €77klowest in 5 years
2021: €184k▲ +139% vs 2020highest in 5 years
2022: €112k▼ -38.8% vs 2021
2023: €100k▼ -11.3% vs 2022
2024: €81k▼ -18.8% vs 2023
2020 → 2024
Net result
€-27k▼ 601%
2023 · €-4k
2020: €56khighest in 5 years
2021: €52k▼ -7.9% vs 2020
2022: €-42k▼ -181% vs 2021lowest in 5 years
2023: €-4k▲ +90.9% vs 2022
2024: €-27k▼ -601% vs 2023
2020 → 2024
Working capital
€47k▼ 17.1%
2023 · €56k
2020: €67k
2021: €98k▲ +46.9% vs 2020highest in 5 years
2022: €58k▼ -40.7% vs 2021
2023: €56k▼ -3.0% vs 2022
2024: €47k▼ -17.1% vs 2023lowest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€120k▲ 75.9%€78k▼ 35.0%€74k▼ 4.9%€47k▼ 36.1%
2020: €68k
2021: €120k▲ +75.9% vs 2020highest in 5 years
2022: €78k▼ -35.0% vs 2021
2023: €74k▼ -4.9% vs 2022
2024: €47k▼ -36.1% vs 2023lowest in 5 years
Operating result€57k-€66k▲ 15.2%€-27k€-110▲ 99.6%€-25k▼ 22,901%
2020: €57k
2021: €66k▲ +15.2% vs 2020highest in 5 years
2022: €-27k▼ -141% vs 2021lowest in 5 years
2023: €-110▲ +99.6% vs 2022
2024: €-25k▼ -22901% vs 2023
Net result€56k-€52k▼ 7.9%€-42k€-4k▲ 90.9%€-27k▼ 601%
2020: €56khighest in 5 years
2021: €52k▼ -7.9% vs 2020
2022: €-42k▼ -181% vs 2021lowest in 5 years
2023: €-4k▲ +90.9% vs 2022
2024: €-27k▼ -601% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2024 against €110 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81k
Fixed assets
€1k ▼ 91.9%
Current assets
€79k ▼ 2.6%
Equity and liabilities €81k
Equity
€47k ▼ 36.1%
Debt
€34k ▲ 32.0%
Debt's share of the balance-sheet total rises from 25.5% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2023 · €2k
Cash flow
€-25k▼
2023 · €-2k
Current ratio
2.42▼
2023 · 3.21
Quick ratio
2.41▼
2023 · 3.21
Debt to equity
0.71▲
2023 · 0.34
ROE
-56.6%▼
2023 · -5.2%
ROA
-33.1%▼
2023 · -3.8%
Interest coverage
-15.09▼
2023 · 0.53
Debt ≤ 1 year
€33k▲
2023 · €25k
Debt > 1 year
€671
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€100k€81k▼
Fixed assets21/28€18k€1k▼
Tangible fixed assets22/27€3k€931▼
Plant, machinery and equipment23€2k€183▼
Furniture and vehicles24€1k€747▼
Financial fixed assets28€15k€528▼
Current assets29/58€82k€79k▼
Stocks and contracts in progress3-€201
Stocks30/36-€201
Amounts receivable within one year40/41€4k€4k▲
Trade receivables40-€3k
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€78k€75k▼
Equity and liabilities
Total equity and liabilities10/49€100k€81k▼
Equity10/15€74k€47k▼
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Share premium1100/10€12k€12k=
Reserves13€62k€35k▼
Distributable reserves133€62k€35k▼
Amounts payable17/49€25k€34k▲
Amounts payable after more than one year17-€671
Financial debts170/4-€671
Amounts payable within one year42/48€25k€33k▲
Current portion of amounts payable after more than one year42€15k€12k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€6k▲
Bills of exchange payable441-€762
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€2k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8-€211
Non-recurring operating charges66A€700€15k▲
Gross operating margin9900€3k€-8k▼
Operating profit (loss)9901€-110€-25k▼
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€-4k€-27k▼
Profit (loss) for the period9904€-4k€-27k▼
Profit (loss) for the period to be appropriated9905€-4k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-27k▼
Transfer from equity791/2€4k€27k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12k | €711 | - | - | - |
| Remuneration, social security and pensions62 | - | €138k | €31k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €846 | €708 | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €375 | €1k | - | €211 | - |
| Non-recurring operating charges66A | - | - | €200 | €700 | €15k | ▲ 2,089% |
| Gross operating margin9900 | €95k | €205k | €7k | €3k | €-8k | ▼ 389% |
| Operating profit (loss)9901 | €57k | €66k | €-27k | €-110 | €-25k | ▼ 22,901% |
| Financial income75/76B | - | €1 | €13 | - | - | - |
| Recurring financial income75 | €0 | €1 | €13 | - | - | - |
| Financial charges65/66B | - | €3k | €3k | €4k | €2k | ▼ 58.6% |
| Recurring financial charges65 | €1k | €3k | €3k | €4k | €2k | ▼ 58.6% |
| Profit (loss) for the period before taxes9903 | €56k | €63k | €-30k | €-4k | €-27k | ▼ 601% |
| Income taxes67/77 | - | €12k | €12k | - | - | - |
| Profit (loss) for the period9904 | €56k | €52k | €-42k | €-4k | €-27k | ▼ 601% |
| Profit (loss) for the period to be appropriated9905 | €56k | €52k | €-42k | €-4k | €-27k | ▼ 601% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77k | €184k | €112k | €100k | €81k | ▼ 18.8% |
| Formation expenses20 | €132 | - | - | - | - | - |
| Fixed assets21/28 | €2k | €22k | €20k | €18k | €1k | ▼ 91.9% |
| Tangible fixed assets22/27 | €2k | €7k | €5k | €3k | €931 | ▼ 69.0% |
| Plant, machinery and equipment23 | - | €5k | €3k | €2k | €183 | ▼ 89.6% |
| Furniture and vehicles24 | - | €2k | €2k | €1k | €747 | ▼ 39.3% |
| Financial fixed assets28 | €100 | €15k | €15k | €15k | €528 | ▼ 96.5% |
| Current assets29/58 | €75k | €161k | €92k | €82k | €79k | ▼ 2.6% |
| Amounts receivable after more than one year29 | - | - | €296 | - | - | - |
| Trade receivables290 | - | - | €296 | - | - | - |
| Stocks and contracts in progress3 | €8k | €3k | - | - | €201 | - |
| Stocks30/36 | - | €3k | - | - | €201 | - |
| Amounts receivable within one year40/41 | €2k | €13k | €14k | €4k | €4k | ▲ 23.2% |
| Trade receivables40 | - | €11k | €9k | - | €3k | - |
| Other amounts receivable41 | - | €2k | €5k | €4k | €2k | ▼ 55.7% |
| Cash at bank and in hand54/58 | €66k | €144k | €78k | €78k | €75k | ▼ 4.1% |
| Deferred charges and accrued income490/1 | - | €298 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77k | €184k | €112k | €100k | €81k | ▼ 18.8% |
| Equity10/15 | €68k | €120k | €78k | €74k | €47k | ▼ 36.1% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | - | €12k | €12k | - | - | - |
| Issued capital100 | - | €12k | €12k | - | - | - |
| Outside capital11 | - | - | - | €12k | €12k | = |
| Share premium1100/10 | - | - | - | €12k | €12k | = |
| Reserves13 | €56k | €108k | €66k | €62k | €35k | ▼ 43.1% |
| Distributable reserves133 | - | €108k | €66k | €62k | €35k | ▼ 43.1% |
| Amounts payable17/49 | €9k | €63k | €34k | €25k | €34k | ▲ 32.0% |
| Amounts payable after more than one year17 | - | - | - | - | €671 | - |
| Financial debts170/4 | - | - | - | - | €671 | - |
| Amounts payable within one year42/48 | €9k | €63k | €34k | €25k | €33k | ▲ 29.4% |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €15k | €12k | ▼ 17.5% |
| Trade debts44 | €5k | €16k | €11k | €2k | €7k | ▲ 323% |
| Suppliers440/4 | - | €16k | €11k | €2k | €6k | ▲ 276% |
| Bills of exchange payable441 | - | - | - | - | €762 | - |
| Taxes, remuneration and social security45 | - | €47k | €19k | €7k | €12k | ▲ 87.1% |
| Taxes450/3 | - | €23k | €14k | €4k | €10k | ▲ 149% |
| Remuneration and social security454/9 | - | €24k | €5k | €3k | €3k | = |
| Other amounts payable47/48 | - | €333 | - | €2k | €1k | ▼ 38.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €52k | €-42k | €-4k | €-27k | ▼ 601% |
| + Depreciation and write-downs630 | €846 | €708 | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €57k | €53k | €-40k | €-2k | €-25k | ▼ 1,308% |
| Investment in fixed assets (approximation) | - | €-21k | €275 | €0 | €14k | - |
| Change in cash | - | €79k | €-66k | €-148 | €-3k | ▼ 2,040% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 120 days late
2022
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Equity above €100kEq €120k ▲75.9%
2 profitable years in a row build equity to €120k.
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are 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, Waterloo · 1 establishment unit since 2020
Ground area
537 m²
Building footprint
126 m²
Volume, LiDAR
811 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
BY37
since 20202.299.930.871
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033A0240/00R000indicative | Wallonia | 429 m² | - | - |
| 25110C0340/00_000 | Wallonia | 108 m² | 1 · 126 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LE PETIT PONT
BE 0835.241.957
Sint-Agatha-Berchem · Eq €47,404
Yalla Yalla Antwerpen
BE 0757.948.991
Antwerpen · Eq €47,415
AVLL
BE 0653.881.651
Herk-de-Stad · Eq €47,370
GABELI
BE 1003.657.614
Antwerpen · Eq €47,427
LA PIZZERIA DE BONINNE
BE 0633.820.071
Namur · Eq €47,363
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,817 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.