CHARL'S
ActiveThe annual accounts of CHARL'S for fiscal year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €142k and a net result of €-178k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 810 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency54▼-32
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.9 against 1.93 in 2024; short-term debt: 70.7% and cash: 20.2% of total assets), and 70.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
29.3%
Return on assets
-36.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-178k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
34 d early
2023
19 d early
2022
38 d early
2021
34 d early
2020
60 d early
2019
57 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-178k▼ 88.5%
2024 · €-94k
2018: €-27k
2019: €-61k
2020: €131k
2021: €261k
2022: €-34k
2023: €-116k
2024: €-94k
2018 → 2025
Working capital
€-35k
2024 · €188k
2018: €-36k
2019: €-37k
2020: €211k
2021: €423k
2022: €398k
2023: €268k
2024: €188k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€564k-€530k▼ 6.0%€414k▼ 21.9%€320k▼ 22.7%€142k▼ 55.5%
Operating result€285k-€-31k€-123k▼ 299%€-101k▲ 17.6%€-183k▼ 80.9%
Net result€261k-€-34k€-116k▼ 241%€-94k▲ 18.8%€-178k▼ 88.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €183k in 2025 against €101k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486k
Fixed assets
€177k▲ 33.9%
Current assets
€309k▼ 21.1%
Equity and liabilities €486k
Equity
€142k▼ 55.5%
Debt
€344k▲ 68.5%
The debt ratio rises from 38.9% to 70.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-132k▼
2024 · €-51k
Cash flow
€-126k▼
2024 · €-43k
Solvency
29.3%▼
2024 · 61.1%
Current ratio
0.90▼
2024 · 1.93
Quick ratio
0.78▼
2024 · 1.77
Debt / equity
2.41▲
2024 · 0.64
ROE
-124.7%▼
2024 · -29.4%
ROA
-36.5%▼
2024 · -18.0%
Interest coverage
-73.49▼
2024 · -27.34
Debt
€344k▲
2024 · €204k
Debt ≤ 1 year
€344k▲
2024 · €203k
Staff costs
€905k▲
2024 · €730k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€524k€486k▼
Fixed assets21/28€132k€177k▲
Tangible fixed assets22/27€132k€177k▲
Land and buildings22€53k€123k▲
Plant, machinery and equipment23€51k€38k▼
Furniture and vehicles24€28k€16k▼
Financial fixed assets28€61€61=
Current assets29/58€392k€309k▼
Amounts receivable after more than one year29€105k€105k=
Other amounts receivable291€105k€105k=
Stocks and contracts in progress3€32k€40k▲
Stocks30/36€32k€40k▲
Amounts receivable within one year40/41€11k€57k▲
Trade receivables40€11k€56k▲
Other amounts receivable41€983€978▼
Cash at bank and in hand54/58€240k€98k▼
Deferred charges and accrued income490/1€3k€9k▲
Equity and liabilities
Total equity and liabilities10/49€524k€486k▼
Equity10/15€320k€142k▼
Contributions10/11€196k€196k=
Capital10€196k€196k=
Issued capital100€196k€196k=
Reserves13€20k€20k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Profit (loss) carried forward14€104k€-73k▼
Amounts payable17/49€204k€344k▲
Amounts payable within one year42/48€203k€344k▲
Trade debts44€135k€163k▲
Suppliers440/4€135k€163k▲
Taxes, remuneration and social security45€69k€81k▲
Taxes450/3€642€4k▲
Remuneration and social security454/9€68k€77k▲
Other amounts payable47/48-€100k
Accrued charges and deferred income492/3€481€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€730k€905k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€52k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€682k€775k▲
Operating profit (loss)9901€-101k€-183k▼
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-94k€-178k▼
Profit (loss) for the period9904€-94k€-178k▼
Profit (loss) for the period to be appropriated9905€-94k€-178k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€-73k▼
Profit (loss) brought forward from the previous period14P€198k€104k▼
Social balance
Average headcount (FTE)908711.716.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-178k
Net result drops to €-178k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €261k ▲98.9%
Operating result €285k, net result €261k, both a record.
31-12
Financial
Equity above €500kEq €564k ▲66.2%
2 profitable years in a row build equity to €564k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €131k
Net result €131k after 2 loss-making years.
31-12
Financial
Liquidity times 12current ratio 9.80
Current ratio from 0.82 to 9.80; short-term debt falls from €207k to €24k.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Knokke-Heist · 1 establishment unit since 1998
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.
Kalvekeetdijk 1378300 Knokke-HeistGround area
5,479 m²
Building footprint
568 m²
Volume, LiDAR
3,006 m³
Parcel 31039E0108/00H004, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kalvekeetdijk 137, 8300 Knokke-Heist
since 19982.085.062.609
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0108/00H004 | Flanders | 5,479 m² | 1 · 568 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 site · 1 with a smileyKnokke-Heist2.085.062.609
Dual-learning approval
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,129 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1997
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.