CHARTER
ActiveThe file of CHARTER contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 11.4% (high). The 2024 annual accounts show equity of €143,891 and a net result of €25,592. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 18940 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-26
Solvency79▲+6
Growth78=
Track record60
Bankruptcy probability, 12 months
11.4%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.95 against 1.64 in 2023; short-term debt: 46.5% and cash: 13.3% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
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 · 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
194 d late
2022
560 d late
2021
159 d late
2020
524 d late
2019
300 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 305 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€574,010
EBIT margin
2.2%
Net result
€25,592▼ 66.3%
2023 · €75,981
Working capital
€119,148▲ 47.4%
2023 · €80,816
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
Line20202021202220232024
Turnover
Operating result€11,346▼ 10.8%€98,061▲ 764%-€21,597€80,306€48,204▼ 40.0%
Net result€7,208within the sector's middle half▲ 90.4%€96,366above the sector's middle half▲ 1,237%-€21,530below the sector's middle half€75,981above the sector's middle half€25,592above the sector's middle half▼ 66.3%
EBIT margin
Equity-€32,518below the sector's middle half▲ 18.1%€63,848within the sector's middle half€42,318within the sector's middle half▼ 33.7%€118,299above the sector's middle half▲ 180%€143,891above the sector's middle half▲ 21.6%
Total assets€195,763above the sector's middle half▲ 33.2%€288,536above the sector's middle half▲ 47.4%€226,853within the sector's middle half▼ 21.4%€245,252above the sector's middle half▲ 8.1%€268,814above the sector's middle half▲ 9.6%
Debt€228,281▲ 22.3%€224,688▼ 1.6%€184,535▼ 17.9%€126,952▼ 31.2%€124,923▼ 1.6%
Working capital-€79,277below the sector's middle half▲ 3.4%€4,532within the sector's middle half-€411within the sector's middle half€80,816above the sector's middle half€119,148above the sector's middle half▲ 47.4%
Solvency-16.6%below the sector's middle half▲ 10.4pp22.1%within the sector's middle half▲ 38.7pp18.7%within the sector's middle half▼ 3.5pp48.2%within the sector's middle half▲ 29.6pp53.5%within the sector's middle half▲ 5.3pp
Current ratio0.62within the sector's middle half▲ 0.151.02within the sector's middle half▲ 0.401.00within the sector's middle half▼ 0.021.64within the sector's middle half▲ 0.641.95within the sector's middle half▲ 0.32
Return on assets (ROA)3.7%within the sector's middle half▲ 1.1pp33.4%above the sector's middle half▲ 29.7pp-9.5%within the sector's middle half▼ 42.9pp31.0%above the sector's middle half▲ 40.5pp9.5%within the sector's middle half▼ 21.5pp
Staff (FTE)8.37.1▼ 14.5%7.7▲ 8.5%5.9▼ 23.4%
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
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €268,814
Fixed assets
€24,744 ▼ 34.0%
Current assets
€244,070 ▲ 17.5%
Equity and liabilities €268,814
Equity
€143,891 ▲ 21.6%
Debt
€124,923 ▼ 1.6%
Debt's share of the balance-sheet total falls from 51.8% to 46.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,944▼
2023 · €93,046
Cash flow
€38,332▼
2023 · €88,721
Quick ratio
1.93▲
2023 · 1.61
Debt to equity
0.87▼
2023 · 1.07
ROE
17.8%▼
2023 · 64.2%
Interest coverage
5.21▼
2023 · 32.00
Debt ≤ 1 year
€124,923▼
2023 · €126,952
Income taxes
€11,000▲
2023 · €1,500
Staff costs
€161,721▼
2023 · €177,992
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €224,445 | €178,648 | €145,534 | €177,992 | €161,721 | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,904 | €12,524 | €15,461 | €12,740 | €12,740 | = |
| Other operating charges640/8 | €209 | €366 | €609 | €942 | €1,142 | ▲ 21.3% |
| Non-recurring operating charges66A | - | - | €54,230 | - | - | - |
| Gross operating margin9900 | €244,903 | €289,599 | €194,236 | €271,980 | €223,807 | ▼ 17.7% |
| Operating profit (loss)9901 | €11,346 | €98,061 | -€21,597 | €80,306 | €48,204 | ▼ 40.0% |
| Financial income75/76B | - | €18 | €68 | €83 | €75 | ▼ 9.0% |
| Recurring financial income75 | - | €18 | €68 | €83 | €75 | ▼ 9.0% |
| Financial charges65/66B | €4,582 | €1,713 | - | €2,907 | €11,687 | ▲ 302% |
| Recurring financial charges65 | €4,582 | €1,713 | - | €2,907 | €11,687 | ▲ 302% |
| Profit (loss) for the period before taxes9903 | €6,764 | €96,366 | -€21,530 | €77,481 | €36,592 | ▼ 52.8% |
| Income taxes67/77 | -€444 | - | - | €1,500 | €11,000 | ▲ 633% |
| Profit (loss) for the period9904 | €7,208 | €96,366 | -€21,530 | €75,981 | €25,592 | ▼ 66.3% |
| Profit (loss) for the period to be appropriated9905 | €7,208 | €96,366 | -€21,530 | €75,981 | €25,592 | ▼ 66.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195,763 | €288,536 | €226,853 | €245,252 | €268,814 | ▲ 9.6% |
| Fixed assets21/28 | €66,340 | €59,316 | €42,729 | €37,483 | €24,744 | ▼ 34.0% |
| Intangible fixed assets21 | €12,003 | €10,783 | €8,342 | €8,342 | €3,460 | ▼ 58.5% |
| Tangible fixed assets22/27 | €53,240 | €47,436 | €32,222 | €26,977 | €19,119 | ▼ 29.1% |
| Plant, machinery and equipment23 | €14,914 | €11,064 | €2,876 | €4,657 | €3,825 | ▼ 17.9% |
| Furniture and vehicles24 | €1,725 | €2,954 | €2,293 | €1,632 | €971 | ▼ 40.5% |
| Other tangible fixed assets26 | €36,601 | €33,419 | €27,054 | €20,688 | €14,323 | ▼ 30.8% |
| Financial fixed assets28 | €1,097 | €1,097 | €2,165 | €2,165 | €2,165 | = |
| Current assets29/58 | €129,423 | €229,220 | €184,125 | €207,768 | €244,070 | ▲ 17.5% |
| Stocks and contracts in progress3 | €3,044 | €3,044 | €3,044 | €3,044 | €3,044 | = |
| Stocks30/36 | €3,044 | €3,044 | €3,044 | €3,044 | €3,044 | = |
| Amounts receivable within one year40/41 | €95,072 | €155,137 | €166,894 | €168,657 | €203,719 | ▲ 20.8% |
| Trade receivables40 | - | - | - | - | €8,449 | - |
| Other amounts receivable41 | €95,072 | €155,137 | €166,894 | €168,657 | €195,270 | ▲ 15.8% |
| Cash at bank and in hand54/58 | €29,772 | €69,504 | €12,651 | €34,532 | €35,772 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | €1,536 | €1,536 | €1,536 | €1,536 | €1,536 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195,763 | €288,536 | €226,853 | €245,252 | €268,814 | ▲ 9.6% |
| Equity10/15 | -€32,518 | €63,848 | €42,318 | €118,299 | €143,891 | ▲ 21.6% |
| Contributions10/11 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Outside capital11 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Other1109/19 | €36,000 | €36,000 | €36,000 | €36,000 | €36,000 | = |
| Reserves13 | €74,085 | €74,085 | €74,085 | €74,085 | €99,085 | ▲ 33.7% |
| Non-distributable reserves130/1 | €7,921 | €7,921 | €7,921 | €7,921 | €7,921 | = |
| Reserves not available under the articles1311 | €7,921 | €7,921 | €7,921 | €7,921 | €7,921 | = |
| Tax-exempt reserves132 | €6,164 | €6,164 | €6,164 | €6,164 | €6,164 | = |
| Distributable reserves133 | €60,000 | €60,000 | €60,000 | €60,000 | €85,000 | ▲ 41.7% |
| Profit (loss) carried forward14 | -€142,604 | -€46,237 | -€67,767 | €8,214 | €8,806 | ▲ 7.2% |
| Amounts payable17/49 | €228,281 | €224,688 | €184,535 | €126,952 | €124,923 | ▼ 1.6% |
| Amounts payable after more than one year17 | €19,581 | - | - | - | - | - |
| Financial debts170/4 | €19,581 | - | - | - | - | - |
| Amounts payable within one year42/48 | €208,700 | €224,688 | €184,535 | €126,952 | €124,923 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | €13,310 | €19,693 | €6,313 | - | - | - |
| Financial debts43 | €30,000 | €28,726 | €26,982 | €24,517 | €23,785 | ▼ 3.0% |
| Credit institutions430/8 | €30,000 | €28,726 | €26,982 | €24,517 | €23,785 | ▼ 3.0% |
| Trade debts44 | €66,512 | €79,008 | €136,171 | €80,588 | €78,969 | ▼ 2.0% |
| Suppliers440/4 | €66,512 | €79,008 | €136,171 | €80,588 | €78,969 | ▼ 2.0% |
| Taxes, remuneration and social security45 | €98,879 | €97,251 | €15,069 | €20,846 | €22,168 | ▲ 6.3% |
| Taxes450/3 | €12,152 | €15,397 | - | - | €12,500 | - |
| Remuneration and social security454/9 | €86,726 | €81,854 | €15,069 | €20,846 | €9,668 | ▼ 53.6% |
| Other amounts payable47/48 | - | €10 | - | €1,001 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,208 | €96,366 | -€21,530 | €75,981 | €25,592 | ▼ 66.3% |
| + Depreciation and write-downs630 | €8,904 | €12,524 | €15,461 | €12,740 | €12,740 | = |
| Operating cash flow (approximation) | €16,112 | €108,891 | -€6,069 | €88,721 | €38,332 | ▼ 56.8% |
| Investment in fixed assets (approximation) | - | -€5,500 | €1,126 | -€7,494 | €0 | ▲ 100% |
| Change in cash | - | €39,732 | -€56,853 | €21,881 | €1,240 | ▼ 94.3% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 194 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 560 days late
2023
31-12
Financial
Back to profitnet €75,981
Net result €75,981 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €118,299 ▲180%
Equity rises from €42,318 to €118,299.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 159 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 524 days late
2022
31-12
Financial
Weakest financial yearnet -€21,530
Net result drops to -€21,530, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Highest result since 2018net €96,366 ▲1,237%
Operating result €98,061, net result €96,366, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 300 days late
2020
18-12
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Leuven · event 14-12-2020
24-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · collective agreement · event 21-09-2020
Show earlier events
2019
31-12
Financial
Back to profitnet €3,785
Net result €3,785 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Tienen · 1 establishment unit since 1998
Ground area
107 m²
Building footprint
101 m²
Volume, LiDAR
848 m³
Parcel 24593H0001/00L000, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PIZZA HUT TIENEN
since 19982.025.830.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593H0001/00L000 | Flanders | 107 m² | 1 · 101 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 14,609 EUR awarded · 14,609 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,748 EUR | 9,748 EUR |
| 2024 | 1 | 4,861 EUR | 4,861 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTienen2.025.830.152
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DELI MOESKROEN
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Rakontiki
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 7,332 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
Founded23-11-1984
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426467725
Also
9925:BE0426467725
Registered
23-01-2025
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.