CONCEPT 78
ActiveSummary
The computed 12-month bankruptcy probability of CONCEPT 78 is 2.0% (moderate). The 2024 annual accounts show equity of €53k and a net result of €17k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 24% of 2937 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-6
Solvency34▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.41 in 2023; short-term debt: 72.3% and cash: 12% of total assets), and 91.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
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
8.6%
Return on assets
2.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2937 sector peers (2024).
NBB · sector comparisonPosition among 2937 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
21 d late
2022
108 d early
2021
34 d early
2020
11 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€53k▲ 1.1%
2023 · €52k
2019: €27klowest in 6 years
2020: €50k▲ +89.7% vs 2019
2021: €51k▲ +1.6% vs 2020
2022: €51k▲ +0.2% vs 2021
2023: €52k▲ +1.4% vs 2022
2024: €53k▲ +1.1% vs 2023highest in 6 years
2019 → 2024
Total assets
€614k▼ 12.4%
2023 · €701k
2019: €784k
2020: €809k▲ +3.2% vs 2019
2021: €784k▼ -3.1% vs 2020
2022: €850k▲ +8.4% vs 2021highest in 6 years
2023: €701k▼ -17.6% vs 2022
2024: €614k▼ -12.4% vs 2023lowest in 6 years
2019 → 2024
Net result
€17k▼ 69.1%
2023 · €54k
2019: €-23klowest in 6 years
2020: €103k▲ +540% vs 2019highest in 6 years
2021: €76k▼ -26.3% vs 2020
2022: €88k▲ +16.1% vs 2021
2023: €54k▼ -38.9% vs 2022
2024: €17k▼ -69.1% vs 2023
2019 → 2024
Working capital
€-270k▼ 2.5%
2023 · €-264k
2019: €-184k
2020: €-162k▲ +12.4% vs 2019highest in 6 years
2021: €-162k▼ -0.2% vs 2020
2022: €-227k▼ -40.0% vs 2021
2023: €-264k▼ -16.4% vs 2022
2024: €-270k▼ -2.5% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€50k-€51k▲ 1.6%€51k▲ 0.2%€52k▲ 1.4%€53k▲ 1.1%
2020: €50klowest in 5 years
2021: €51k▲ +1.6% vs 2020
2022: €51k▲ +0.2% vs 2021
2023: €52k▲ +1.4% vs 2022
2024: €53k▲ +1.1% vs 2023highest in 5 years
Operating result€115k-€96k▼ 16.1%€104k▲ 7.7%€71k▼ 31.8%€32k▼ 54.7%
2020: €115khighest in 5 years
2021: €96k▼ -16.1% vs 2020
2022: €104k▲ +7.7% vs 2021
2023: €71k▼ -31.8% vs 2022
2024: €32k▼ -54.7% vs 2023lowest in 5 years
Net result€103k-€76k▼ 26.3%€88k▲ 16.1%€54k▼ 38.9%€17k▼ 69.1%
2020: €103khighest in 5 years
2021: €76k▼ -26.3% vs 2020
2022: €88k▲ +16.1% vs 2021
2023: €54k▼ -38.9% vs 2022
2024: €17k▼ -69.1% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 55% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €614k
Fixed assets
€441k ▼ 14.7%
Current assets
€173k ▼ 6.0%
Equity and liabilities €614k
Equity
€53k ▲ 1.1%
Debt
€561k ▼ 13.5%
Debt's share of the balance-sheet total falls from 92.6% to 91.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▼
2023 · €170k
Cash flow
€119k▼
2023 · €153k
Current ratio
0.39▼
2023 · 0.41
Quick ratio
0.28▼
2023 · 0.31
Debt to equity
10.65▼
2023 · 12.45
ROE
31.5%▼
2023 · 103.2%
ROA
2.7%▼
2023 · 7.7%
Interest coverage
10.88▼
2023 · 14.36
Debt ≤ 1 year
€443k▼
2023 · €448k
Debt > 1 year
€115k▼
2023 · €195k
Income taxes
€3k▼
2023 · €6k
Staff costs
€413k▼
2023 · €522k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€701k€614k▼
Fixed assets21/28€516k€441k▼
Tangible fixed assets22/27€516k€441k▼
Land and buildings22€13k€13k=
Plant, machinery and equipment23€72k€65k▼
Furniture and vehicles24€79k€68k▼
Leasing and similar rights25€14k€9k▼
Other tangible fixed assets26€338k€286k▼
Current assets29/58€184k€173k▼
Stocks and contracts in progress3€46k€48k▲
Stocks30/36€46k€48k▲
Amounts receivable within one year40/41€35k€42k▲
Trade receivables40€18k€26k▲
Other amounts receivable41€17k€16k▼
Cash at bank and in hand54/58€93k€73k▼
Deferred charges and accrued income490/1€10k€10k▼
Equity and liabilities
Total equity and liabilities10/49€701k€614k▼
Equity10/15€52k€53k▲
Contributions10/11€50k€50k=
Reserves13€2k€3k▲
Distributable reserves133€2k€3k▲
Amounts payable17/49€648k€561k▼
Amounts payable after more than one year17€195k€115k▼
Financial debts170/4€195k€115k▼
Amounts payable within one year42/48€448k€443k▼
Current portion of amounts payable after more than one year42€70k€63k▼
Financial debts43-€4k
Credit institutions430/8-€4k
Trade debts44€83k€108k▲
Suppliers440/4€83k€108k▲
Taxes, remuneration and social security45€65k€54k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€63k€51k▼
Other amounts payable47/48€230k€215k▼
Accrued charges and deferred income492/3€6k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€522k€413k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€103k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€698k€555k▼
Operating profit (loss)9901€71k€32k▼
Financial income75/76B€349€270▼
Recurring financial income75€349€270▼
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€59k€20k▼
Income taxes67/77€6k€3k▼
Profit (loss) for the period9904€54k€17k▼
Profit (loss) for the period to be appropriated9905€54k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€17k▼
Transfer to equity691/2€726€582▼
To other reserves6921€726€582▼
Profit to be distributed694/7€53k€16k▼
Directors or managers695€53k€16k▼
Social balance
Average headcount (FTE)908711.910.1▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €441k | €579k | €522k | €413k | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98k | €161k | €115k | €99k | €103k | ▲ 3.8% |
| Other operating charges640/8 | - | €6k | €3k | €7k | €7k | ▲ 7.4% |
| Gross operating margin9900 | €439k | €706k | €801k | €698k | €555k | ▼ 20.5% |
| Operating profit (loss)9901 | €115k | €96k | €104k | €71k | €32k | ▼ 54.7% |
| Financial income75/76B | - | €3k | €246 | €349 | €270 | ▼ 22.7% |
| Recurring financial income75 | €785 | €3k | €246 | €349 | €270 | ▼ 22.7% |
| Financial charges65/66B | - | €24k | €7k | €12k | €12k | ▲ 4.7% |
| Recurring financial charges65 | €12k | €24k | €7k | €12k | €12k | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €104k | €76k | €98k | €59k | €20k | ▼ 66.4% |
| Income taxes67/77 | €1k | - | €10k | €6k | €3k | ▼ 40.0% |
| Profit (loss) for the period9904 | €103k | €76k | €88k | €54k | €17k | ▼ 69.1% |
| Profit (loss) for the period to be appropriated9905 | €103k | €76k | €88k | €54k | €17k | ▼ 69.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €809k | €784k | €850k | €701k | €614k | ▼ 12.4% |
| Fixed assets21/28 | €608k | €546k | €572k | €516k | €441k | ▼ 14.7% |
| Intangible fixed assets21 | €252 | - | - | - | - | - |
| Tangible fixed assets22/27 | €608k | €546k | €572k | €516k | €441k | ▼ 14.7% |
| Land and buildings22 | - | - | €13k | €13k | €13k | = |
| Plant, machinery and equipment23 | - | €90k | €73k | €72k | €65k | ▼ 10.5% |
| Furniture and vehicles24 | - | €46k | €73k | €79k | €68k | ▼ 13.3% |
| Leasing and similar rights25 | - | €25k | €19k | €14k | €9k | ▼ 38.0% |
| Other tangible fixed assets26 | - | €386k | €394k | €338k | €286k | ▼ 15.5% |
| Current assets29/58 | €201k | €238k | €278k | €184k | €173k | ▼ 6.0% |
| Stocks and contracts in progress3 | €10k | €16k | €16k | €46k | €48k | ▲ 3.6% |
| Stocks30/36 | - | €16k | €16k | €46k | €48k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €26k | €98k | €18k | €35k | €42k | ▲ 19.1% |
| Trade receivables40 | - | - | €14k | €18k | €26k | ▲ 39.8% |
| Other amounts receivable41 | - | €98k | €4k | €17k | €16k | ▼ 3.2% |
| Cash at bank and in hand54/58 | €140k | €115k | €235k | €93k | €73k | ▼ 20.9% |
| Deferred charges and accrued income490/1 | - | €9k | €9k | €10k | €10k | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €809k | €784k | €850k | €701k | €614k | ▼ 12.4% |
| Equity10/15 | €50k | €51k | €51k | €52k | €53k | ▲ 1.1% |
| Contributions10/11 | - | €50k | €50k | €50k | €50k | = |
| Reserves13 | - | €1k | €1k | €2k | €3k | ▲ 27.9% |
| Distributable reserves133 | - | €1k | €1k | €2k | €3k | ▲ 27.9% |
| Profit (loss) carried forward14 | €450 | - | - | - | - | - |
| Amounts payable17/49 | €759k | €733k | €799k | €648k | €561k | ▼ 13.5% |
| Amounts payable after more than one year17 | €375k | €310k | €279k | €195k | €115k | ▼ 40.8% |
| Financial debts170/4 | - | €310k | €279k | €195k | €115k | ▼ 40.8% |
| Amounts payable within one year42/48 | €362k | €399k | €504k | €448k | €443k | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €49k | €96k | €70k | €63k | ▼ 10.7% |
| Financial debts43 | - | - | - | - | €4k | - |
| Credit institutions430/8 | - | - | - | - | €4k | - |
| Trade debts44 | €76k | €78k | €107k | €83k | €108k | ▲ 29.4% |
| Suppliers440/4 | - | €78k | €107k | €83k | €108k | ▲ 29.4% |
| Taxes, remuneration and social security45 | - | €52k | €66k | €65k | €54k | ▼ 16.6% |
| Taxes450/3 | - | - | - | €2k | €3k | ▲ 27.7% |
| Remuneration and social security454/9 | - | €52k | €66k | €63k | €51k | ▼ 18.1% |
| Other amounts payable47/48 | - | €220k | €235k | €230k | €215k | ▼ 6.3% |
| Accrued charges and deferred income492/3 | - | €23k | €16k | €6k | €2k | ▼ 61.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103k | €76k | €88k | €54k | €17k | ▼ 69.1% |
| + Depreciation and write-downs630 | €98k | €161k | €115k | €99k | €103k | ▲ 3.8% |
| Operating cash flow (approximation) | €200k | €237k | €203k | €153k | €119k | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | €-99k | €-141k | €-43k | €-27k | ▲ 37.2% |
| Change in cash | - | €-25k | €119k | €-142k | €-19k | ▲ 86.4% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
30-06
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Geel · 1 establishment unit since 2017
Ground area
579 m²
Building footprint
130 m²
Volume, LiDAR
723 m³
Parcel 13376G0745/00C000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Odette
since 20172.271.024.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0745/00C000 | Flanders | 579 m² | 1 · 130 m² | 9.5 m · 2 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 siteGeel2.271.024.871
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,836 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
Founded10-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.