CHIPS & DIPS

Active

Private limited companyfounded 200719 yrs activeVan Langenhovestraat (STG) 188, 9200 Dendermonde, BelgiumKBO/BCE: BE 0888.658.669

Summary

The computed 12-month bankruptcy probability of CHIPS & DIPS is 1.5% (moderate). The 2024 annual accounts show equity of €34k and a net result of €3k. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 18941 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

83 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability78▲+53

Solvency100=

Growth32=

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 3.84 against 8.55 in 2023; short-term debt: 24.2% and cash: 47.7% of total assets), and 24.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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

75.8%

Return on assets

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

1 d early

2022

41 d early

2021

44 d early

2020

36 d early

2019

46 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€34k▲ 10.3%

2023 · €31k

2018: €39k 2019: €40k 2020: €44k 2021: €43k 2022: €34k 2023: €31k

2018 → 2024

Total assets

€45k▲ 31.8%

2023 · €34k

2018: €50k 2019: €43k 2020: €49k 2021: €46k 2022: €37k 2023: €34k

2018 → 2024

Net result

€3k

2023 · €-3k

2018: €7k 2019: €851 2020: €3k 2021: €-825 2022: €-9k 2023: €-3k

2018 → 2024

Working capital

€31k▲ 27.6%

2023 · €24k

2018: €16k 2019: €21k 2020: €27k 2021: €28k 2022: €23k 2023: €24k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€44k-€43k▼ 1.9%€34k▼ 21.3%€31k▼ 8.9%€34k▲ 10.3%

Operating result€7k-€2k▼ 67.6%€-7k€-2k▲ 72.7%€5k

Net result€3k-€-825€-9k▼ 1,006%€-3k▲ 67.2%€3k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €5k after a loss of €2k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €45k

93.1%

Fixed assets €3k ▼ 53.4%

Current assets €42k ▲ 52.3%

Equity and liabilities €45k

75.8%

24.2%

Equity €34k ▲ 10.3%

Debt €11k ▲ 239%

Debt's share of the balance-sheet total rises from 9.4% to 24.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€9k▲

2023 · €2k

Cash flow

€7k▲

2023 · €1k

Current ratio

3.84▼

2023 · 8.55

Quick ratio

3.57▼

2023 · 7.82

Debt to equity

0.32▲

2023 · 0.10

ROE

9.3%▲

2023 · -9.7%

ROA

7.0%▲

2023 · -8.8%

Interest coverage

7.25▲

2023 · 2.04

Debt ≤ 1 year

€11k▲

2023 · €3k

Income taxes

€231

Staff costs

€0▼

2023 · €2k

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 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€34k€45k▲

Fixed assets21/28€7k€3k▼

Tangible fixed assets22/27€7k€3k▼

Plant, machinery and equipment23€7k€3k▼

Current assets29/58€27k€42k▲

Stocks and contracts in progress3€2k€3k▲

Stocks30/36€2k€3k▲

Amounts receivable within one year40/41€9k€16k▲

Trade receivables40€5k€8k▲

Other amounts receivable41€4k€7k▲

Cash at bank and in hand54/58€11k€21k▲

Deferred charges and accrued income490/1€5k€2k▼

Equity and liabilities

Total equity and liabilities10/49€34k€45k▲

Equity10/15€31k€34k▲

Contributions10/11€19k€19k=

Reserves13€25k€25k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€23k€23k=

Profit (loss) carried forward14€-13k€-10k▲

Amounts payable17/49€3k€11k▲

Amounts payable within one year42/48€3k€11k▲

Trade debts44€3k€9k▲

Suppliers440/4€3k€9k▲

Taxes, remuneration and social security45€168€2k▲

Remuneration and social security454/9€168€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€2k€0▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲

Other operating charges640/8€160€678▲

Non-recurring operating charges66A-€2k

Gross operating margin9900€4k€11k▲

Operating profit (loss)9901€-2k€5k▲

Financial income75/76B€5-

Recurring financial income75€5-

Financial charges65/66B€1k€1k▲

Recurring financial charges65€1k€1k▲

Profit (loss) for the period before taxes9903€-3k€3k▲

Income taxes67/77-€231

Profit (loss) for the period9904€-3k€3k▲

Profit (loss) for the period to be appropriated9905€-3k€3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-13k€-10k▲

Profit (loss) brought forward from the previous period14P€-10k€-13k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €3k

Net result €3k after 3 loss-making years.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

20-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-9k

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

17-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

15-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Liquidity triplescurrent ratio 8.49

Current ratio from 2.54 to 8.49; short-term debt falls from €11k to €3k.

05-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

24-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

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, Dendermonde · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Van Langenhovestraat (STG) 1889200 Dendermonde

Ground area

115 m²

Building footprint

115 m²

Volume, LiDAR

738 m³

Parcel 42021C0044/00Z007, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

DE FRIETHAL

Van Langenhovestraat (STG) 188, 9200 DendermondeNACE 5530202

since 20072.162.142.668

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42021C0044/00Z007	Flanders	115 m²	1 · 115 m²	9.3 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

Dendermonde2.162.142.668

1 permission

Toelating · Frituur · since 20-11-2009

Similar companies · same sector, comparable size

Chaudfontaine · Eq €33,860

BILIR

BE 0457.361.730

Houthalen-Helchteren · Eq €33,857

Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,433 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

Founded11-04-2007

Fiscal year end31-12

Activities, NACEBEL 2025

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

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