CIAO85
BankruptcyThe KBO register records for CIAO85 the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-291k) and a net result of €-160k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€291k
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-160k▼ 52.5%
2023 · €-105k
2020: €-43k
2021: €63k
2022: €-64k
2023: €-105k
2020 → 2024
Working capital
€-453k▼ 43.7%
2023 · €-315k
2020: €-43k
2021: €23k
2022: €-240k
2023: €-315k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-24k-€39k€-25k€-131k▼ 415%€-291k▼ 123%
Operating result€-41k-€65k€-65k€-96k▼ 48.3%€-152k▼ 57.8%
Net result€-43k-€63k€-64k€-105k▼ 63.9%€-160k▼ 52.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €152k in 2024 against €96k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €327k
Fixed assets
€163k▼ 11.6%
Current assets
€163k▼ 59.2%
Key figures and ratios
EBITDA
€-130k▼
2023 · €-75k
Cash flow
€-139k▼
2023 · €-84k
Solvency
-89.1%▼
2023 · -22.3%
Current ratio
0.26▼
2023 · 0.56
Quick ratio
0.25▼
2023 · 0.52
Debt / equity
-2.12▲
2023 · -5.48
ROE
55.1%▼
2023 · 80.6%
ROA
-49.1%▼
2023 · -18.0%
Interest coverage
-14.68▼
2023 · -9.35
Debt
€618k▼
2023 · €716k
Debt ≤ 1 year
€617k▼
2023 · €716k
Staff costs
€240k▲
2023 · €227k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€585k€327k▼
Fixed assets21/28€185k€163k▼
Tangible fixed assets22/27€184k€163k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€1k€895▼
Other tangible fixed assets26€170k€151k▼
Financial fixed assets28€550€550=
Current assets29/58€400k€163k▼
Stocks and contracts in progress3€29k€9k▼
Stocks30/36€29k€9k▼
Amounts receivable within one year40/41€360k€148k▼
Trade receivables40€178k-
Other amounts receivable41€182k€148k▼
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€585k€327k▼
Equity10/15€-131k€-291k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-149k€-310k▼
Amounts payable17/49€716k€618k▼
Amounts payable within one year42/48€716k€617k▼
Trade debts44€244k€66k▼
Suppliers440/4€244k€66k▼
Taxes, remuneration and social security45€75k€81k▲
Taxes450/3€32k€47k▲
Remuneration and social security454/9€44k€35k▼
Other amounts payable47/48€396k€470k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€227k€240k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€200-
Other operating charges640/8€14k€16k▲
Gross operating margin9900€166k€126k▼
Operating profit (loss)9901€-96k€-152k▼
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€-104k€-160k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€-105k€-160k▼
Profit (loss) for the period to be appropriated9905€-105k€-160k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-310k▼
Profit (loss) brought forward from the previous period14P€-44k€-149k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 484 days late
28-07
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 18-07-2025
27-05
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 13-05-2025
2024
31-12
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series.
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 494 days late
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 859 days late
2021
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.33
Current ratio from 0.58 to 1.33; short-term debt falls from €101k to €68k.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 · 1 establishment unit since 2019
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.
Amerikaanse straat 851050 ElseneGround area
94 m²
Building footprint
95 m²
Volume, LiDAR
1,207 m³
Parcel 21447B0296/00Z010, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CIAO85
since 20192.292.053.877
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0296/00Z010 | Brussels | 94 m² | 1 · 95 m² | 16.9 m · 5 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.
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Of 21,621 companies in sector 56112 we hold annual accounts for 9,654. 8,343 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:quentin@vfactory.be