Parent and group
- MASCA62%
CLUB4
ActiveSummary
The computed 12-month bankruptcy probability of CLUB4 is 3.4% (moderate). The 2025 annual accounts show negative equity (-€143,299) and a net result of -€207,100. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 18% of 4,800 sector peers (NACE 56, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 28-01-2019 Normal situation
- Activity
- Full-service restaurants NACE 56111
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 30-09-2025
- Establishment unit
- 2.284.768.385 9700 Oudenaarde, since 28-01-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
- BV INTA IDIXDirector · since 06-06-2025 · permanent representative Felix Van Dijcke
- LVGJ BVDirector · since 06-06-2025
Shareholders
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.4%
Annual accounts to 30-09-2025
- Gross margin
- €10,903
- ▼ 77.7%
- Turnover
- ≈ €89,000
- estimated
- Loss
- €207,100
- ▼ 12.5%
- Equity
- -€143,299
- Total assets
- €1.4m
- ▼ 12.8%
- Staff
- 0.3 FTE
- ▼ 92.3%
- Negative equity on 30-09-2025
- 2025 accounts filed 4 days after the deadline
Score breakdownraises riskNegative equity -€143,299Sector: Food and beverage service activities (NACE 56)Loss of €207,100, the second in a row (financial year 2025)lowers riskSize: 0.3 FTE, total assets €1.4mShow the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency
15-14
equity -10.5% of total assets
Liquidity
23-8
short-term debt 55.1% · cash 0.6%
Profitability
0=
return on assets -15.1%
Bankruptcy probability within 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%lowest value
01-2025: 1.4%▲ +0.1 percentage points vs 12-2024
02-2025: 1.5%▲ +0.1 percentage points vs 01-2025
03-2025: 1.8%▲ +0.3 percentage points vs 02-2025
04-2025: 1.9%▲ +0.1 percentage points vs 03-2025
05-2025: 5.0%▲ +3.1 percentage points vs 04-2025
06-2025: 5.0%● unchanged vs 05-2025
07-2025: 5.0%● unchanged vs 06-2025
08-2025: 5.0%● unchanged vs 07-2025
09-2025: 5.0%● unchanged vs 08-2025
10-2025: 5.0%● unchanged vs 09-2025
11-2025: 5.1%▲ +0.1 percentage points vs 10-2025
12-2025: 5.1%● unchanged vs 11-2025
01-2026: 5.1%● unchanged vs 12-2025
02-2026: 5.0%▼ -0.1 percentage points vs 01-2026
03-2026: 4.9%▼ -0.1 percentage points vs 02-2026
04-2026: 5.3%▲ +0.4 percentage points vs 03-2026
05-2026: 6.1%▲ +0.8 percentage points vs 04-2026highest value
06-2026: 3.3%▼ -2.8 percentage points vs 05-2026
07-2026: 3.3%● unchanged vs 06-2026
08-2026: 3.3%● unchanged vs 07-2026
09-2026: 3.4%▲ +0.1 percentage points vs 08-2026
10-2026: 3.4%● unchanged vs 09-2026
11-2026: 3.4%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.01 (0.27 in 2024), below 1. Short-term debt is 55.1% and cash 0.6% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 22% of them on solvency, 19% on liquidity, 8% on profitability and 3% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€143,299
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
4 days late
2024
20 days early
2023
20 days early
2022
25 days early
2021
17 days early
2020
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 18 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 11 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€143,299 View
- Risk: 3 loss-making years in a rowloss in financial year 2025 -€207,100 View
- Caution: Fewer staff in 2025from 3.9 FTE to 0.3 FTE ▼ 92.3% View
- Caution: Lower net result than 95% of companies in food and beverage servicesector median €10,387 · 4,795 companies -€207,100 View
Recent changes
- · Gazette deed 2 directors appointed, 2 directors resigningResignation: BV FC INVEST (director) · Appointments: CommV Lucca (director) and BV INTA IDIX (director) · Permanent representatives: Lucca Van Gysegem and Felix Van Dijcke
- · Gazette deed 1 director appointed, 1 director resigningResignation: LOEMAN Céline Jeanne Sylvie (statutair bestuurder) · Appointment: FC INVEST (niet statutair bestuurder) · Permanent representative: D’HONDT Frederik
- · Gazette deed Incorporation
Companies linked to CLUB4
Comparable companies
These companies have the same main activity as CLUB4: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €555,000 and €1.1m, founded between 2011 and 2022.
| Company | Total assets | Gross margin |
|---|---|---|
| CLUB4 Oudenaarde | €1.4m | €0.01m |
| De Pajotlopers Pajottegem | €0.8m | €0.02m |
| L’OENOTHEQUE Ath | €0.6m | €0.02m |
| CDN TRADING Antwerpen | €1.1m | €0.02m |
| DECLERCK - BUYL Oostende | €0.9m | €0.03m |
| MB Brussels Brussel | €1.1m | €0.02m |
| BACH Asse | €0.9m | €0.02m |
Key facts about CLUB4
- What is the company number of CLUB4?
- The company number of CLUB4 is 0719.468.695. The VAT number is the same number with BE in front: BE 0719.468.695.
- Where is CLUB4 based?
- The registered office is at Kerzelare 127, 9700 Oudenaarde.Company details
- What does CLUB4 do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of CLUB4?
- The legal form of CLUB4 is Private limited company (BV).
- When was CLUB4 founded?
- CLUB4 was founded on 28-01-2019.
- Is CLUB4 still active?
- Yes, CLUB4 is an active enterprise in the KBO register.
- How many employees does CLUB4 have?
- CLUB4 had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CLUB4 fall under?
- In its 30-09-2025 annual accounts, CLUB4 states joint committee 302 (Paritair Comité voor het hotelbedrijf).
- What is the turnover of CLUB4?
- The turnover in financial year 2025 is ≈ €89,000. This figure is estimated from the gross margin of €10,903 and 34 comparable companies (NACE 56111). It probably lies between €52,000 and €210,000. It is a rough estimate.
- Is CLUB4 profitable?
- In financial year 2025, CLUB4 made a loss of €207,100.
- Where can I find the annual accounts of CLUB4?
- CLUB4 filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CLUB4 due?
- CLUB4 must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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