COLREST
ActiveCOLREST has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €-53k. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 810 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-43
Solvency34▼-35
Growth39▼-38
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.95 in 2024; short-term debt: 62.7% and cash: 23.6% of total assets), and 90.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
41 d early
2023
33 d early
2022
18 d early
2021
31 d early
2020
30 d early
2019
14 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
€4.62M▼ 2.7%
2022 · €4.75M
2019: €3.29M
2020: €3.13M
2021: €4.20M
2022: €4.75M
2019 → 2025
EBIT margin
-0.5%▼ 4.9pp
2022 · 4.4%
2019: 9.3%
2020: 9.6%
2021: 10.4%
2022: 4.4%
2019 → 2025
Net result
€-53k
2024 · €170k
2018: €77k
2019: €199k
2020: €224k
2021: €312k
2022: €137k
2023: €145k
2024: €170k
2018 → 2025
Working capital
€-359k▼ 1,512%
2024 · €-22k
2018: €-32k
2019: €-3k
2020: €1k
2021: €40k
2022: €-6k
2023: €-85k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.20M-€4.75M▲ 13.1%€4.62M
Equity€153k-€190k▲ 23.7%€191k▲ 0.5%€361k▲ 89.2%€108k▼ 70.1%
Operating result€435k-€209k▼ 52.1%€225k▲ 8.1%€252k▲ 11.8%€-21k
Net result€312k-€137k▼ 56.2%€145k▲ 6.2%€170k▲ 17.3%€-53k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €252k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€802k▲ 108%
Current assets
€385k▼ 11.2%
Equity and liabilities €1.19M
Equity
€108k▼ 70.1%
Debt
€1.08M▲ 136%
The debt ratio rises from 55.9% to 90.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101k▼
2024 · €333k
Cash flow
€69k▼
2024 · €251k
Solvency
9.1%▼
2024 · 44.1%
Current ratio
0.52▼
2024 · 0.95
Quick ratio
0.49▼
2024 · 0.91
Debt / equity
10.02▲
2024 · 1.27
ROE
-49.2%▼
2024 · 47.1%
ROA
-4.5%▼
2024 · 20.8%
Interest coverage
12.25▼
2024 · 15.31
Debt
€1.08M▲
2024 · €458k
Debt ≤ 1 year
€744k▲
2024 · €456k
Debt > 1 year
€330k▲
2024 · €0
Income taxes
€321▼
2024 · €62k
Staff costs
€1.16M▲
2024 · €1.07M
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€819k€1.19M▲
Fixed assets21/28€385k€802k▲
Tangible fixed assets22/27€384k€802k▲
Plant, machinery and equipment23€125k€159k▲
Furniture and vehicles24€905€456▼
Other tangible fixed assets26€258k€642k▲
Financial fixed assets28€366€366=
Other financial fixed assets284/8-€366
Shares284-€198
Amounts receivable and cash guarantees285/8-€168
Current assets29/58€434k€385k▼
Stocks and contracts in progress3€19k€23k▲
Stocks30/36€19k€23k▲
Goods purchased for resale34-€23k
Amounts receivable within one year40/41€45k€52k▲
Trade receivables40€28k€44k▲
Other amounts receivable41€17k€8k▼
Cash at bank and in hand54/58€337k€280k▼
Deferred charges and accrued income490/1€33k€31k▼
Equity and liabilities
Total equity and liabilities10/49€819k€1.19M▲
Equity10/15€361k€108k▼
Contributions10/11€19k€19k=
Reserves13€342k€89k▼
Distributable reserves133€342k€89k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€458k€1.08M▲
Amounts payable after more than one year17€0€330k▲
Financial debts170/4€0€330k▲
Credit institutions173-€330k
Amounts payable within one year42/48€456k€744k▲
Current portion of amounts payable after more than one year42€22k€80k▲
Trade debts44€328k€343k▲
Suppliers440/4€328k€343k▲
Taxes, remuneration and social security45€106k€121k▲
Taxes450/3€0€315▲
Remuneration and social security454/9€106k€120k▲
Other amounts payable47/48€305€200k▲
Accrued charges and deferred income492/3€2k€6k▲
Income statement
Code20242025
Operating income70/76A-€4.64M
Turnover70-€4.62M
Other operating income74-€20k
Non-recurring operating income76A€0-
Operating charges60/66A-€4.66M
Goods for resale, raw materials and consumables60-€1.34M
Purchases600/8-€1.34M
Change in stocks: decrease (increase)609-€-4k
Services and other goods61-€2.03M
Remuneration, social security and pensions62€1.07M€1.16M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€122k▲
Other operating charges640/8€11k€13k▲
Non-recurring operating charges66A€150€50▼
Gross operating margin9900€1.41M-
Operating profit (loss)9901€252k€-21k▼
Financial income75/76B€2k€312▼
Recurring financial income75€2k€312▼
Other financial income752/9-€312
Financial charges65/66B€22k€32k▲
Recurring financial charges65€22k€32k▲
Debt charges650-€8k
Other financial charges652/9-€23k
Profit (loss) for the period before taxes9903€232k€-53k▼
Income taxes67/77€62k€321▼
Taxes670/3-€321
Profit (loss) for the period9904€170k€-53k▼
Profit (loss) for the period to be appropriated9905€170k€-53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€170k€-53k▼
Transfer from equity791/2-€253k
From reserves792-€253k
Transfer to equity691/2€170k€0▼
To other reserves6921€170k€0▼
Profit to be distributed694/7€0€200k▲
Return on contributions (dividend)694€0€200k▲
Social balance
Average headcount (FTE)908724.727.6▲
The notes to these accounts (55 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-53k ▼131%
Net result drops to €-53k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €361k ▲89.2%
7 profitable years in a row build equity to €361k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €312k ▲39.2%
Operating result €435k, net result €312k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲8.4%
4 profitable years in a row build equity to €153k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
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
4 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, Sint-Niklaas · 1 establishment unit since 2003
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.
Heidebaan 134-1369100 Sint-NiklaasGround area
3,452 m²
Building footprint
485 m²
Volume, LiDAR
2,281 m³
Parcel 46446B1237/00A002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MC DONALDS
since 20032.123.570.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1237/00A002 | Flanders | 3,452 m² | 1 · 485 m² | 6.5 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 siteSint-Niklaas2.123.570.619
Similar companies · same sector, comparable size
Changjiang
BE 0799.946.231
Middelkerke · Eq €108k
Marceline Gourmandine
BE 0694.929.279
Gerpinnes · Eq €108k
Bruleen
BE 0550.381.958
Deinze · Eq €108k
SOYA WOK
BE 0751.592.127
Sint-Jans-Molenbeek · Eq €108k
SAFAAD
BE 0682.934.636
Sint-Jans-Molenbeek · Eq €108k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 7,724 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2003
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.