COMPOSITION
ActiveSummary
The computed 12-month bankruptcy probability of COMPOSITION is 1.6% (moderate). The 2024 annual accounts show equity of €65,402 and a net result of €12,514. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 56% of 18932 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-23
Solvency61▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.13 in 2023; short-term debt: 61.1% and cash: 22.2% of total assets), and 64.2% of the assets are financed with debt.
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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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
35.8%
Return on assets
6.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
30 d late
2021
25 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€65,402▲ 23.7%
2023 · €52,889
Total assets
€182,451▼ 9.2%
2023 · €200,952
Net result
€12,514▼ 13.5%
2023 · €14,468
Working capital
€34,013▲ 87.0%
2023 · €18,188
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,099€22,566▲ 18.2%€17,033▼ 24.5%€29,644▲ 74.0%€40,660▲ 37.2%
Net result€10,952€15,972▲ 45.8%€8,506▼ 46.7%€14,468▲ 70.1%€12,514▼ 13.5%
Equity€13,943▲ 366%€29,914▲ 115%€38,420▲ 28.4%€52,889▲ 37.7%€65,402▲ 23.7%
Total assets€279,787▲ 9.4%€234,312▼ 16.3%€216,110▼ 7.8%€200,952▼ 7.0%€182,451▼ 9.2%
Debt€265,845▲ 5.2%€204,398▼ 23.1%€177,690▼ 13.1%€148,064▼ 16.7%€117,049▼ 20.9%
Working capital€104,153▲ 36.9%€113,774▲ 9.2%€102,349▼ 10.0%€18,188▼ 82.2%€34,013▲ 87.0%
Staff (FTE)10.9▼ 10.0%0.9=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182,451
Fixed assets
€37,041 ▼ 18.1%
Current assets
€145,411 ▼ 6.6%
Equity and liabilities €182,451
Equity
€65,402 ▲ 23.7%
Debt
€117,049 ▼ 20.9%
Debt's share of the balance-sheet total falls from 73.7% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,839▲
2023 · €38,231
Cash flow
€20,693▼
2023 · €23,055
Current ratio
1.31▲
2023 · 1.13
Quick ratio
0.38▲
2023 · 0.29
Debt to equity
1.79▼
2023 · 2.80
ROE
19.1%▼
2023 · 27.4%
ROA
6.9%▼
2023 · 7.2%
Interest coverage
3.36▼
2023 · 6.18
Debt ≤ 1 year
€111,397▼
2023 · €137,544
Debt > 1 year
€5,651▼
2023 · €10,520
Income taxes
€13,885▲
2023 · €9,551
Staff costs
€12,046▼
2023 · €23,719
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,965 | €15,947 | €23,719 | €12,046 | ▼ 49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,962 | €27,078 | €27,231 | €8,587 | €8,180 | ▼ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €31,534 | - |
| Other operating charges640/8 | - | €595 | €2,099 | €4,155 | €3,517 | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | - | - | €2,102 | - |
| Gross operating margin9900 | €57,237 | €64,204 | €62,310 | €66,105 | €98,039 | ▲ 48.3% |
| Operating profit (loss)9901 | €19,099 | €22,566 | €17,033 | €29,644 | €40,660 | ▲ 37.2% |
| Financial income75/76B | - | - | €334 | €561 | €264 | ▼ 53.0% |
| Recurring financial income75 | €62 | - | €334 | €561 | €264 | ▼ 53.0% |
| Financial charges65/66B | - | €6,040 | €4,861 | €6,185 | €14,525 | ▲ 135% |
| Recurring financial charges65 | €8,209 | €6,040 | €4,861 | €6,185 | €14,525 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | €10,952 | €16,527 | €12,506 | €24,020 | €26,399 | ▲ 9.9% |
| Income taxes67/77 | - | €555 | €4,000 | €9,551 | €13,885 | ▲ 45.4% |
| Profit (loss) for the period9904 | €10,952 | €15,972 | €8,506 | €14,468 | €12,514 | ▼ 13.5% |
| Profit (loss) for the period to be appropriated9905 | €10,952 | €15,972 | €8,506 | €14,468 | €12,514 | ▼ 13.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279,787 | €234,312 | €216,110 | €200,952 | €182,451 | ▼ 9.2% |
| Fixed assets21/28 | €87,221 | €62,197 | €39,689 | €45,220 | €37,041 | ▼ 18.1% |
| Intangible fixed assets21 | €9,182 | €8,642 | €8,102 | €7,562 | €7,022 | ▼ 7.1% |
| Tangible fixed assets22/27 | €75,352 | €53,295 | €31,327 | €37,398 | €29,759 | ▼ 20.4% |
| Land and buildings22 | - | €17,775 | €16,956 | €17,153 | €13,999 | ▼ 18.4% |
| Plant, machinery and equipment23 | - | €9,456 | €7,649 | €5,843 | €4,446 | ▼ 23.9% |
| Furniture and vehicles24 | - | - | €3,023 | €4,269 | €2,841 | ▼ 33.4% |
| Leasing and similar rights25 | - | €2,925 | €2,145 | €1,365 | €585 | ▼ 57.1% |
| Other tangible fixed assets26 | - | €23,140 | €1,554 | €8,769 | €7,889 | ▼ 10.0% |
| Financial fixed assets28 | €2,687 | €260 | €260 | €260 | €260 | = |
| Current assets29/58 | €192,567 | €172,115 | €176,421 | €155,732 | €145,411 | ▼ 6.6% |
| Stocks and contracts in progress3 | €120,419 | €127,627 | €122,501 | €115,247 | €102,668 | ▼ 10.9% |
| Stocks30/36 | - | €127,627 | €122,501 | €115,247 | €102,668 | ▼ 10.9% |
| Amounts receivable within one year40/41 | €2,310 | €1,190 | €17,411 | €2,062 | €1,487 | ▼ 27.9% |
| Trade receivables40 | - | €879 | €17,168 | €2,062 | €230 | ▼ 88.8% |
| Other amounts receivable41 | - | €312 | €242 | - | €1,257 | - |
| Cash at bank and in hand54/58 | €29,545 | €43,297 | €35,523 | €35,565 | €40,530 | ▲ 14.0% |
| Deferred charges and accrued income490/1 | - | - | €987 | €2,859 | €726 | ▼ 74.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279,787 | €234,312 | €216,110 | €200,952 | €182,451 | ▼ 9.2% |
| Equity10/15 | €13,943 | €29,914 | €38,420 | €52,889 | €65,402 | ▲ 23.7% |
| Contributions10/11 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | - | - | €14,468 | €26,982 | ▲ 86.5% |
| Distributable reserves133 | - | - | - | €14,468 | €26,982 | ▲ 86.5% |
| Profit (loss) carried forward14 | -€6,517 | €9,454 | €17,960 | €17,960 | €17,960 | = |
| Amounts payable17/49 | €265,845 | €204,398 | €177,690 | €148,064 | €117,049 | ▼ 20.9% |
| Amounts payable after more than one year17 | €177,431 | €146,057 | €103,618 | €10,520 | €5,651 | ▼ 46.3% |
| Financial debts170/4 | - | €36,057 | €13,618 | €10,520 | €5,651 | ▼ 46.3% |
| Other amounts payable178/9 | - | €110,000 | €90,000 | - | - | - |
| Amounts payable within one year42/48 | €88,414 | €58,341 | €74,072 | €137,544 | €111,397 | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | - | €21,374 | €22,439 | €11,899 | €24,497 | ▲ 106% |
| Trade debts44 | €45,419 | €21,943 | €20,167 | €12,344 | €7,195 | ▼ 41.7% |
| Suppliers440/4 | - | €21,943 | €20,167 | €12,344 | €7,195 | ▼ 41.7% |
| Advances received on contracts in progress46 | - | €1,140 | €14,546 | €2,504 | - | - |
| Taxes, remuneration and social security45 | - | €7,737 | €13,465 | €31,466 | €7,157 | ▼ 77.3% |
| Taxes450/3 | - | €7,737 | €13,465 | €28,081 | €7,157 | ▼ 74.5% |
| Remuneration and social security454/9 | - | €0 | - | €3,385 | - | - |
| Other amounts payable47/48 | - | €6,148 | €3,456 | €79,331 | €72,549 | ▼ 8.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,952 | €15,972 | €8,506 | €14,468 | €12,514 | ▼ 13.5% |
| + Depreciation and write-downs630 | €25,962 | €27,078 | €27,231 | €8,587 | €8,180 | ▼ 4.7% |
| Operating cash flow (approximation) | €36,914 | €43,050 | €35,737 | €23,055 | €20,693 | ▼ 10.2% |
| Investment in fixed assets (approximation) | - | -€2,055 | -€4,723 | -€14,118 | €0 | ▲ 100% |
| Change in cash | - | €13,752 | -€7,775 | €42 | €4,965 | ▲ 11,635% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €15,972 ▲45.8%
Net result €15,972, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €10,952
Net result €10,952 after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Huy · 1 establishment unit since 2005
Ground area
2,346 m²
Building footprint
110 m²
Volume, LiDAR
915 m³
Parcel 61061B0219/00C000, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SPRL COMPOSITION
since 20052.146.524.480
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61061B0219/00C000 | Wallonia | 2,346 m² | 1 · 110 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 siteHuy2.146.524.480
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 9,858 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
46150Agents in the wholesale of furniture, household goods and hardware
46494Wholesale of non-electrical household articles
46499Wholesale of other household goods
47512Retail sale of household textiles and bedding
47530Retail trade
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47784Retail sale of souvenirs and religious articles
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.