CONCEPT 78
ActiveSummary
The computed 12-month bankruptcy probability of CONCEPT 78 is 2.0% (moderate). The 2024 annual accounts show equity of €52,664 and a net result of €16,582. Equity remains stable across the filed fiscal years (±1.3% per year). 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 €2,000 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.
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Signals
Three 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
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 15-06-2026, 46 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
46 d early
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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 June (4 of the last 5 filed years within 64 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€52,664▲ 1.1%
2023 · €52,083
Total assets
€613,739▼ 12.4%
2023 · €700,581
Net result
€16,582▼ 69.1%
2023 · €53,726
Working capital
-€270,248▼ 2.5%
2023 · -€263,562
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€114,930▲ 3,598%€96,444▼ 16.1%€103,848▲ 7.7%€70,873▼ 31.8%€32,095▼ 54.7%
Net result€102,850above the sector's middle half€75,807within the sector's middle half▼ 26.3%€87,999above the sector's middle half▲ 16.1%€53,726within the sector's middle half▼ 38.9%€16,582within the sector's middle half▼ 69.1%
Equity€50,450within the sector's middle half▲ 89.7%€51,258within the sector's middle half▲ 1.6%€51,357within the sector's middle half▲ 0.2%€52,083within the sector's middle half▲ 1.4%€52,664within the sector's middle half▲ 1.1%
Total assets€809,193above the sector's middle half▲ 3.2%€784,025within the sector's middle half▼ 3.1%€850,194within the sector's middle half▲ 8.4%€700,581within the sector's middle half▼ 17.6%€613,739within the sector's middle half▼ 12.4%
Debt€758,743▲ 0.1%€732,767▼ 3.4%€798,837▲ 9.0%€648,498▼ 18.8%€561,075▼ 13.5%
Working capital-€161,517below the sector's middle half▲ 12.4%-€161,770below the sector's middle half▼ 0.2%-€226,510below the sector's middle half▼ 40.0%-€263,562below the sector's middle half▼ 16.4%-€270,248below the sector's middle half▼ 2.5%
Solvency6.2%within the sector's middle half▲ 2.8pp6.5%below the sector's middle half▲ 0.3pp6.0%within the sector's middle half▼ 0.5pp7.4%within the sector's middle half▲ 1.4pp8.6%below the sector's middle half▲ 1.1pp
Current ratio0.55within the sector's middle half▲ 0.110.60below the sector's middle half▲ 0.040.55below the sector's middle half▼ 0.040.41below the sector's middle half▼ 0.140.39below the sector's middle half▼ 0.02
Return on assets (ROA)12.7%above the sector's middle half▲ 15.7pp9.7%within the sector's middle half▼ 3.0pp10.4%within the sector's middle half▲ 0.7pp7.7%within the sector's middle half▼ 2.7pp2.7%within the sector's middle half▼ 5.0pp
Staff (FTE)6.6within the sector's middle half▼ 7.0%9.5within the sector's middle half▲ 43.9%11.4within the sector's middle half▲ 20.0%11.9within the sector's middle half▲ 4.4%10.1within the sector's middle half▼ 15.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 €613,739
Fixed assets
€440,535 ▼ 14.7%
Current assets
€173,204 ▼ 6.0%
Equity and liabilities €613,739
Equity
€52,664 ▲ 1.1%
Debt
€561,075 ▼ 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
€134,672▼
2023 · €169,658
Cash flow
€119,158▼
2023 · €152,511
Quick ratio
0.28▼
2023 · 0.31
Debt to equity
10.65▼
2023 · 12.45
ROE
31.5%▼
2023 · 103.2%
Interest coverage
10.88▼
2023 · 14.36
Debt ≤ 1 year
€443,452▼
2023 · €447,881
Debt > 1 year
€115,301▼
2023 · €194,638
Income taxes
€3,404▼
2023 · €5,678
Staff costs
€413,373▼
2023 · €521,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,603 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €441,232 | €578,999 | €521,596 | €413,373 | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,520 | €161,396 | €115,136 | €98,785 | €102,577 | ▲ 3.8% |
| Other operating charges640/8 | - | €6,500 | €3,202 | €6,638 | €7,126 | ▲ 7.4% |
| Gross operating margin9900 | €438,949 | €705,572 | €801,186 | €697,891 | €555,171 | ▼ 20.5% |
| Operating profit (loss)9901 | €114,930 | €96,444 | €103,848 | €70,873 | €32,095 | ▼ 54.7% |
| Financial income75/76B | - | €3,144 | €246 | €349 | €270 | ▼ 22.7% |
| Recurring financial income75 | €785 | €3,144 | €246 | €349 | €270 | ▼ 22.7% |
| Financial charges65/66B | - | €23,780 | €6,558 | €11,818 | €12,380 | ▲ 4.7% |
| Recurring financial charges65 | €11,679 | €23,780 | €6,558 | €11,818 | €12,380 | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | €104,037 | €75,807 | €97,537 | €59,404 | €19,985 | ▼ 66.4% |
| Income taxes67/77 | €1,186 | - | €9,538 | €5,678 | €3,404 | ▼ 40.0% |
| Profit (loss) for the period9904 | €102,850 | €75,807 | €87,999 | €53,726 | €16,582 | ▼ 69.1% |
| Profit (loss) for the period to be appropriated9905 | €102,850 | €75,807 | €87,999 | €53,726 | €16,582 | ▼ 69.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €809,193 | €784,025 | €850,194 | €700,581 | €613,739 | ▼ 12.4% |
| Fixed assets21/28 | €608,260 | €546,314 | €572,299 | €516,262 | €440,535 | ▼ 14.7% |
| Intangible fixed assets21 | €252 | - | - | - | - | - |
| Tangible fixed assets22/27 | €608,007 | €546,314 | €572,299 | €516,262 | €440,535 | ▼ 14.7% |
| Land and buildings22 | - | - | €12,642 | €12,642 | €12,642 | = |
| Plant, machinery and equipment23 | - | €89,545 | €73,356 | €72,462 | €64,861 | ▼ 10.5% |
| Furniture and vehicles24 | - | €45,735 | €73,144 | €78,687 | €68,243 | ▼ 13.3% |
| Leasing and similar rights25 | - | €24,593 | €19,286 | €13,980 | €8,673 | ▼ 38.0% |
| Other tangible fixed assets26 | - | €386,441 | €393,872 | €338,492 | €286,118 | ▼ 15.5% |
| Current assets29/58 | €200,934 | €237,711 | €277,894 | €184,318 | €173,204 | ▼ 6.0% |
| Stocks and contracts in progress3 | €10,497 | €15,843 | €16,061 | €46,201 | €47,854 | ▲ 3.6% |
| Stocks30/36 | - | €15,843 | €16,061 | €46,201 | €47,854 | ▲ 3.6% |
| Amounts receivable within one year40/41 | €25,538 | €97,553 | €17,668 | €35,238 | €41,969 | ▲ 19.1% |
| Trade receivables40 | - | - | €13,531 | €18,289 | €25,565 | ▲ 39.8% |
| Other amounts receivable41 | - | €97,553 | €4,137 | €16,949 | €16,404 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €139,952 | €115,398 | €234,896 | €92,763 | €73,395 | ▼ 20.9% |
| Deferred charges and accrued income490/1 | - | €8,918 | €9,270 | €10,117 | €9,986 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €809,193 | €784,025 | €850,194 | €700,581 | €613,739 | ▼ 12.4% |
| Equity10/15 | €50,450 | €51,258 | €51,357 | €52,083 | €52,664 | ▲ 1.1% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | - | €1,258 | €1,357 | €2,083 | €2,664 | ▲ 27.9% |
| Distributable reserves133 | - | €1,258 | €1,357 | €2,083 | €2,664 | ▲ 27.9% |
| Profit (loss) carried forward14 | €450 | - | - | - | - | - |
| Amounts payable17/49 | €758,743 | €732,767 | €798,837 | €648,498 | €561,075 | ▼ 13.5% |
| Amounts payable after more than one year17 | €375,077 | €309,882 | €278,536 | €194,638 | €115,301 | ▼ 40.8% |
| Financial debts170/4 | - | €309,882 | €278,536 | €194,638 | €115,301 | ▼ 40.8% |
| Amounts payable within one year42/48 | €362,451 | €399,481 | €504,404 | €447,881 | €443,452 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €49,174 | €96,363 | €70,428 | €62,857 | ▼ 10.7% |
| Financial debts43 | - | - | - | - | €3,906 | - |
| Credit institutions430/8 | - | - | - | - | €3,906 | - |
| Trade debts44 | €76,183 | €78,317 | €106,583 | €83,092 | €107,543 | ▲ 29.4% |
| Suppliers440/4 | - | €78,317 | €106,583 | €83,092 | €107,543 | ▲ 29.4% |
| Taxes, remuneration and social security45 | - | €51,587 | €66,491 | €64,823 | €54,093 | ▼ 16.6% |
| Taxes450/3 | - | - | - | €2,154 | €2,750 | ▲ 27.7% |
| Remuneration and social security454/9 | - | €51,587 | €66,491 | €62,669 | €51,343 | ▼ 18.1% |
| Other amounts payable47/48 | - | €220,404 | €234,967 | €229,539 | €215,053 | ▼ 6.3% |
| Accrued charges and deferred income492/3 | - | €23,404 | €15,896 | €5,979 | €2,321 | ▼ 61.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,850 | €75,807 | €87,999 | €53,726 | €16,582 | ▼ 69.1% |
| + Depreciation and write-downs630 | €97,520 | €161,396 | €115,136 | €98,785 | €102,577 | ▲ 3.8% |
| Operating cash flow (approximation) | €200,370 | €237,203 | €203,135 | €152,511 | €119,158 | ▼ 21.9% |
| Investment in fixed assets (approximation) | - | -€99,450 | -€141,122 | -€42,748 | -€26,850 | ▲ 37.2% |
| Change in cash | - | -€24,554 | €119,498 | -€142,133 | -€19,368 | ▲ 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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
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 €102,850
Net result €102,850 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.
Structure & network
Owners and holdings
1 ownerChain of control
- MKM PROJECTS
- CONCEPT 78
Highest known parent: MKM PROJECTS. The sources do not say who stands above it.
Owners 1
- MKM PROJECTSparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeel2.271.024.871
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,834 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684607786
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.