Equity
€107,724 from €360,727 in 2024
Equity fell by 70% in 1 year.
COLREST
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2003peak €1.4m (2024)
-not published
lowest -€56,001 (2012)
-€53,002▼ €223,025
peak €360,727 (2024)
€107,724▼ 70.1%
€1.1m▲ 136%
peak 27.6 FTE (2025)
27.6 FTE▲ 11.7%
Board1 name since 2011
1 directorPIAMAN
Owners
99.87%PIAMAN
Documentsfilings and deeds
02-07-202629 days before the deadline
2025financial year
Loss of €53,002Staff from 24.7 FTE to 27.6 FTEDividend €200,000Equity from €360,727 to €107,724Debts from €457,994 to €1.1mInvestments €539,742
Key points
from the 2025 annual accountsResult
-€53,002 -€53,002
From profit to loss in 2025, after a profit of €170,022 in 2024.
Debts
€1.1m 91% of the balance sheet
Financial debts 31%Suppliers 32%Taxes and wages 11%Other 27%
Of this, €744,320 falls due within a year.
Investments
€539,742 4.4 × depreciation
Green is investment, beige is depreciation. Machinery stands 26.9% higher than in 2024.
Staff
23 employees on 31-12-2025
In 2025, 36 people joined and 39 left. On top of that, 7.1 agency workers worked there on average.
Filings
23 annual accounts since 2003
The 2018 accounts came 5 days late. The other nine of the last ten were filed on time.
Checked score
66
Healthy
Financially stronger than 27% of small companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Equity €107,724 (9.1% of total assets)
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 0.52, cash €279,774
Founded in 2003
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, small). It does better than 24% of them on solvency, 44% on liquidity, 29% on profitability and 10% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as COLREST has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COLREST itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for COLREST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.52 (0.95 in 2024), below 1. Short-term debt is 62.7% and cash 23.6% of total assets. 90.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
41 days early
2023
33 days early
2022
18 days early
2021
31 days early
2020
30 days early
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479384094
Permanent representative: VERHELST Peter Maria Theofiel
“Geen ander doel dan aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren…” (deed in Dutch) · General meeting of 30-09-2020 · Gazette deed
First establishment
MC DONALDS, Heidebaan 134, Sint-Niklaas
Incorporation
published on 03-02-2003 · Gazette deed
Comparable companies
same main activity, similar in size and ageGrey: the largest companies of the sector (food and beverage service (NACE 56)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as COLREST: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €705,000 and €1.9m, founded between 1995 and 2015.
Official details
Source: KBO- Status
- Active since 23-01-2003Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2024
- Establishment unit
- 2.123.570.6199100 Sint-Niklaas, since 18-02-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 19-05-2026
Annual accounts 2025
- €1.2m▲ 45.0%
- Employeeson 31-12-2025
- 23▼ 8.0%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on COLREST
COLREST has existed since 2003. The gross margin grew from €706,637 in 2006 to €1.4m in 2024.
Solvency fell in 2025 from 44.1% to 9.1% because of the loss and higher long-term debts.
PIAMAN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COLREST
- What is the company number of COLREST?
- The company number of COLREST is 0479.384.094. The VAT number is the same number with BE in front: BE 0479.384.094.
- Where is COLREST based?
- The registered office is at Heidebaan 134-136, 9100 Sint-Niklaas.Company details
- What does COLREST do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of COLREST?
- COLREST is a private limited company (BV).
- When was COLREST founded?
- COLREST was founded on 23-01-2003.
- Is COLREST still active?
- Yes, COLREST is an active enterprise in the KBO register.
- How many employees does COLREST have?
- COLREST had an average of 27.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does COLREST fall under?
- In its 2024 annual accounts, COLREST states joint committee 302 (Hotels and catering).
- What is the turnover of COLREST?
- The turnover of COLREST was €4.6m in financial year 2025, according to the filed annual accounts.
- Is COLREST profitable?
- In financial year 2025, COLREST made a loss of €53,002.
- Where can I find the annual accounts of COLREST?
- COLREST filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of COLREST due?
- COLREST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.PIAMAN · 10 companies
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