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CADILAC

Active
Private limited companyfounded 20224 yrs activeTulpstraat 89, 1050 Elsene, BelgiumKBO/BCE: BE 0787.956.239
Summary

The computed 12-month bankruptcy probability of CADILAC is 13.0% (high). The 2024 annual accounts show equity of €20,262 and a net result of -€1,260. Its solvency ranks better than 61% of 18934 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability18▼-82
Solvency67▼-14
Growth32
Track record94
Bankruptcy probability, 12 months
13.0% High
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.69 against 2.27 in 2023; short-term debt: 58.1% and cash: 4.8% of total assets), but 58.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
41.9%
Return on assets
-2.6%
Age of the figures
21 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
20 d late
2023
385 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 203 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
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

History

On 1 July 2022, CADILAC was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€20,262▼ 5.9%
2023 · €21,522
Total assets
€48,337▲ 25.7%
2023 · €38,453
Net result
-€1,260
2023 · €16,522
Working capital
€19,265▼ 10.5%
2023 · €21,522
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€19,505-€124▼ 99.4%
Net result€16,522within the sector's middle half--€1,260within the sector's middle half
Equity€21,522within the sector's middle half-€20,262within the sector's middle half▼ 5.9%
Total assets€38,453below the sector's middle half-€48,337within the sector's middle half▲ 25.7%
Debt€16,931-€28,075▲ 65.8%
Working capital€21,522within the sector's middle half-€19,265within the sector's middle half▼ 10.5%
Solvency56.0%within the sector's middle half-41.9%within the sector's middle half▼ 14.1pp
Current ratio2.27above the sector's middle half-1.69within the sector's middle half▼ 0.58
Return on assets (ROA)43.0%above the sector's middle half--2.6%within the sector's middle half▼ 45.6pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2023: €19,505€19,505Net result 2023: €16,522€16,522Operating result 2024: €124€124Net result 2024: -€1,260-€1,26020232024-€10,000€0€10,000€20,000Operating result 2023: €19,505€19,500Net result 2023: €16,522€16,500Operating result 2024: €124€124Net result 2024: -€1,260-€1,26020232024
The operating result falls in 2024; 2024 is 99% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,337
Fixed assets €997
Current assets €47,340
Equity and liabilities €48,337
Equity €20,262 ▼ 5.9%
Debt €28,075 ▲ 65.8%
Debt's share of the balance-sheet total rises from 44.0% to 58.1%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€400
Cash flow
-€984
Quick ratio
1.23▼
2023 · 2.01
Debt to equity
1.39▲
2023 · 0.79
ROE
-6.2%▼
2023 · 76.8%
Interest coverage
0.29
Debt ≤ 1 year
€28,075▲
2023 · €16,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.2% went bankrupt
5.9% stopped otherwise
92% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 13.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,146 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€38,453€48,337▲
Fixed assets21/28-€997
Tangible fixed assets22/27-€997
Furniture and vehicles24-€997
Current assets29/58€38,453€47,340▲
Stocks and contracts in progress3€4,500€12,800▲
Stocks30/36€4,500€12,800▲
Amounts receivable within one year40/41€10,327€32,221▲
Trade receivables40€4,886€31,377▲
Other amounts receivable41€5,441€844▼
Cash at bank and in hand54/58€23,626€2,319▼
Equity and liabilities
Total equity and liabilities10/49€38,453€48,337▲
Equity10/15€21,522€20,262▼
Contributions10/11€5,000€5,000=
Capital10€5,000€5,000=
Issued capital100€5,000€5,000=
Reserves13€500€500=
Non-distributable reserves130/1€500€500=
Legal reserve130€500€500=
Profit (loss) carried forward14€16,022€14,762▼
Amounts payable17/49€16,931€28,075▲
Amounts payable within one year42/48€16,931€28,075▲
Trade debts44€16,931€12,444▼
Suppliers440/4€16,931€12,444▼
Taxes, remuneration and social security45-€15,631
Taxes450/3-€2,509
Remuneration and social security454/9-€13,122
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€276
Other operating charges640/8€1,346€751▼
Gross operating margin9900€20,851€1,151▼
Operating profit (loss)9901€19,505€124▼
Financial income75/76B€80-
Recurring financial income75€80-
Financial charges65/66B€3,063€1,384▼
Recurring financial charges65€3,063€1,384▼
Profit (loss) for the period before taxes9903€16,522-€1,260▼
Profit (loss) for the period9904€16,522-€1,260▼
Profit (loss) for the period to be appropriated9905€16,522-€1,260▼
Appropriation of the result
Profit (loss) to be appropriated9906€16,522€14,762▼
Profit (loss) brought forward from the previous period14P-€16,022
Transfer to equity691/2€500-
To the legal reserve6920€500-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€276-
Other operating charges640/8€1,346€751▼ 44.2%
Gross operating margin9900€20,851€1,151▼ 94.5%
Operating profit (loss)9901€19,505€124▼ 99.4%
Financial income75/76B€80--
Recurring financial income75€80--
Financial charges65/66B€3,063€1,384▼ 54.8%
Recurring financial charges65€3,063€1,384▼ 54.8%
Profit (loss) for the period before taxes9903€16,522-€1,260▼ 108%
Profit (loss) for the period9904€16,522-€1,260▼ 108%
Profit (loss) for the period to be appropriated9905€16,522-€1,260▼ 108%
Line20232024Change
Assets
Total assets20/58€38,453€48,337▲ 25.7%
Fixed assets21/28-€997-
Tangible fixed assets22/27-€997-
Furniture and vehicles24-€997-
Current assets29/58€38,453€47,340▲ 23.1%
Stocks and contracts in progress3€4,500€12,800▲ 184%
Stocks30/36€4,500€12,800▲ 184%
Amounts receivable within one year40/41€10,327€32,221▲ 212%
Trade receivables40€4,886€31,377▲ 542%
Other amounts receivable41€5,441€844▼ 84.5%
Cash at bank and in hand54/58€23,626€2,319▼ 90.2%
Equity and liabilities
Total equity and liabilities10/49€38,453€48,337▲ 25.7%
Equity10/15€21,522€20,262▼ 5.9%
Contributions10/11€5,000€5,000=
Capital10€5,000€5,000=
Issued capital100€5,000€5,000=
Reserves13€500€500=
Non-distributable reserves130/1€500€500=
Legal reserve130€500€500=
Profit (loss) carried forward14€16,022€14,762▼ 7.9%
Amounts payable17/49€16,931€28,075▲ 65.8%
Amounts payable within one year42/48€16,931€28,075▲ 65.8%
Trade debts44€16,931€12,444▼ 26.5%
Suppliers440/4€16,931€12,444▼ 26.5%
Taxes, remuneration and social security45-€15,631-
Taxes450/3-€2,509-
Remuneration and social security454/9-€13,122-
Line20232024Change
Profit (loss) for the period9904€16,522-€1,260▼ 108%
+ Depreciation and write-downs630-€276-
Operating cash flow (approximation)€16,522-€984▼ 106%
Change in cash--€21,307-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
20-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 385 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Elsene · 2 establishment units since 2022
seat establishment approximate All 2 establishment units on the map
Ground area
207 m²
Building footprint
163 m²
Volume, LiDAR
827 m³
2 parcels, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
MAKUMBA
Adolphe Demeurlaan 2, 1060 Sint-Gillis (bij-Brussel)Limited-service restaurants
since 20222.336.195.906
AU JINS
Tulpstraat 89, 1050 ElseneLimited-service restaurants
since 20222.336.196.696
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0966/00Y004indicative Brussels 136 m² 1 · 92 m² -
21013B0403/00A006 Brussels 71 m² 1 · 72 m² 16.9 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

2 sites
Elsene2.336.196.696
1 permission
Drankgelegenheid · since 01-07-2022
Sint-Gillis2.336.195.906
1 permission
Drankgelegenheid · since 01-07-2022

Similar companies · same sector, comparable size

Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. 3,998 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
Founded01-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0787956239
Also 9925:BE0787956239
Registered 27-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.