Equity
CVBL paid out €96,787 in dividends. That is 165% of the 2025 profit.
CVBL paid out €96,787 in dividends. That is 165% of the 2025 profit.
The micro format states no turnover.
Of this, €320,725 falls due within a year.
More staff in 2025 from 7.8 FTE to 14 FTE.
The 2022 accounts came latest: 149 days after the end of the period.
Higher net result than 90% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 35% of them on solvency, 12% on liquidity, 77% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
In July 2024, 2,684 companies had the same profile as CVBL has now. Each dot stands for 7 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CVBL itself is higher: 4.9% within 12 months. It rests on far more data about CVBL than the profile alone.
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 2,684 companies, not a prediction for CVBL. 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.
Liquidity is insufficient, with a current ratio of 0.47 (0.57 in 2024), below 1. Short-term debt is 87% and cash 9.1% of total assets. 88% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 76 days after 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.
| Company | ||||
|---|---|---|---|---|
| CVBL Soumagne | €368,496 | €434,381 | 12.0% | - |
| FOOD BOX Ferrières | €372,953 | €498,736 | 5.9% | - |
| JACKY TILFF Esneux | €405,583 | €412,558 | 26.1% | - |
| QUENT ON A FAIM Brussels | €348,717 | €417,180 | 1.4% | - |
| ARJES Lasne | €402,103 | €442,158 | 9.3% | 10.4 |
| GPO CORP Mons | €384,733 | €486,792 | -42.5% | 12.2 |
| ABIKS Stekene | €400,472 | €434,399 | 5.8% | - |
These companies have the same main activity as CVBL: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €349,000 and €406,000, founded between 2020 and 2021.
CVBL files the micro format. That format states no turnover. The gross margin rose from €126,831 in 2021 to €434,381 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €1.0m and €1.4m.
Higher than 35% of 17,158 companies in 2025.
Higher than 23% of 16,582 companies in 2025.
Higher than 74% of 16,665 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 26 people joined and 25 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
368,496 | 420,674 | 177,178 | 133,909 | 94,872 | |
20 |
- | 202 | 445 | 688 | 931 | |
21/28 |
219,200 | 236,731 | 73,575 | 53,514 | 44,666 | |
21 |
128,513 | 149,941 | - | - | - | |
22/27 |
90,687 | 86,789 | 73,575 | 53,514 | 44,666 | |
22 |
- | - | - | 5,373 | - | |
23 |
61,188 | 42,559 | 13,363 | 4,562 | 520 | |
24 |
24,148 | 38,013 | 53,130 | 41,004 | 41,247 | |
26 |
5,351 | 6,217 | 7,082 | 2,575 | 2,900 | |
29/58 |
149,296 | 183,741 | 103,158 | 79,707 | 49,275 | |
3 |
1,537 | 5,561 | 2,227 | 4,046 | 4,000 | |
30/36 |
1,537 | 5,561 | 2,227 | 4,046 | 4,000 | |
40/41 |
106,758 | 125,546 | 74,544 | 57,838 | 11,806 | |
40 |
102,668 | 121,144 | 70,734 | 44,425 | 8,575 | |
41 |
4,090 | 4,402 | 3,810 | 13,413 | 3,231 | |
54/58 |
33,394 | 47,082 | 23,352 | 15,485 | 32,366 | |
490/1 |
7,607 | 5,552 | 3,035 | 2,338 | 1,103 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
368,496 | 420,674 | 177,178 | 133,909 | 94,872 | |
10/15 |
44,281 | 82,420 | 63,461 | 42,265 | 26,809 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |
14 |
38,281 | 76,420 | 57,461 | 36,265 | 20,809 | |
17/49 |
324,215 | 338,254 | 113,717 | 91,644 | 68,063 | |
17 |
- | 2,025 | 8,048 | 13,997 | 19,871 | |
170/4 |
- | 2,025 | 8,048 | 13,997 | 19,871 | |
42/48 |
320,725 | 322,684 | 105,669 | 77,377 | 48,192 | |
42 |
2,025 | 6,024 | 5,949 | 5,875 | 5,801 | |
44 |
162,973 | 291,076 | 76,865 | 58,466 | 21,875 | |
440/4 |
162,973 | 291,076 | 76,865 | 58,466 | 21,875 | |
45 |
58,346 | 25,417 | 22,855 | 13,036 | 18,642 | |
450/3 |
30,954 | 18,875 | 11,159 | 6,192 | 8,002 | |
454/9 |
27,392 | 6,542 | 11,696 | 6,844 | 10,639 | |
47/48 |
97,381 | 167 | - | - | 1,874 | |
492/3 |
3,491 | 13,546 | - | 270 | - | |
| Income statement | ||||||
76A |
1,264 | - | - | - | - | |
9900 |
434,381 | 215,015 | 175,047 | 139,817 | 126,831 | |
62 |
270,566 | 139,494 | 116,788 | 107,129 | 85,060 | |
630 |
55,445 | 22,971 | 16,468 | 11,734 | 8,687 | |
640/8 |
7,454 | 11,822 | 1,312 | 1,164 | 2,324 | |
66A |
11,630 | 8,195 | 5,219 | - | - | |
9901 |
89,286 | 32,533 | 35,260 | 19,791 | 30,761 | |
75/76B |
10 | 0 | 202 | 125 | 198 | |
75 |
10 | 0 | 202 | 125 | 198 | |
65/66B |
6,201 | 3,969 | 6,497 | 1,536 | 2,649 | |
65 |
6,201 | 3,969 | 6,497 | 1,536 | 2,649 | |
9903 |
83,096 | 28,564 | 28,965 | 18,380 | 28,309 | |
67/77 |
24,448 | 9,605 | 7,769 | 2,915 | 7,500 | |
9904 |
58,648 | 18,959 | 21,196 | 15,465 | 20,809 | |
9905 |
58,648 | 18,959 | 21,196 | 15,465 | 20,809 | |
| Appropriation of the result | ||||||
9906 |
135,068 | 76,420 | 57,461 | 36,265 | 20,809 | |
14P |
76,420 | 57,461 | 36,265 | 20,800 | - | |
694/7 |
96,787 | - | - | - | - | |
694 |
96,787 | - | - | - | - | |
| Social balance sheet | ||||||
9087 |
14 | 7.8 | 7.7 | 7.6 | - | |
Hours worked1013 |
11,022 | 5,437 | 5,325 | 5,351 | - | |
| Document | ||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-09-2026.
2025 annual accounts filed 40 days after the deadline. Filed on 9 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00509571.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-09-2026 | 2026-00509571 | |
| 31-12-2024 | micro format | 25-10-2025 | 2025-00549432 | |
| 31-12-2023 | micro format | 15-10-2024 | 2024-00507799 | |
| 31-12-2022 | micro format | 27-12-2023 | 2023-00537359 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20374382 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 144,732 | 55,503 | 51,728 | 31,525 | 39,447 | ||
| 114,093 | 41,930 | 37,663 | 27,199 | 29,496 | ||
| 37,713 | 185,883 | 50,641 | 20,348 | 53,069 | ||
| -13,687 | 23,730 | 7,867 | -16,881 | - | ||
| -171,428 | -138,943 | -2,511 | 2,330 | 1,083 | ||
| 12.0% | 19.6% | 35.8% | 31.6% | 28.3% | ||
| 0.47 | 0.57 | 0.98 | 1.03 | 1.02 | ||
| 0.46 | 0.55 | 0.96 | 0.98 | 0.94 | ||
| 7.32 | 4.10 | 1.79 | 2.17 | 2.54 | ||
| 132.4% | 23.0% | 33.4% | 36.6% | 77.6% | ||
| 15.9% | 4.5% | 12.0% | 11.5% | 21.9% | ||
| 23.34 | 13.99 | 7.96 | 20.52 | 14.89 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 7 | 7 | 7 |
| full-time | 1 | - | - | - |
| part-time | 7 | 7 | 7 | 7 |
| in full-time equivalents | 4.9 | 4.7 | 3.3 | 3.1 |
| 7.4 | 4.6 | 3.6 | 3.1 | |
| On a permanent contract | 5 | 5 | 4 | 3 |
| Joined | 26 | 6 | - | - |
| Left | 25 | 6 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €37,713 | €35,883 | €50,641 | €20,348 | €53,069 |
| Intangible fixed assets | - | €150,000 | - | - | - |
| €55,445 | €22,971 | €16,468 | €11,734 | €8,687 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 174% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 80.4% to 88.0%. Equity and debt are lower.
CVBL has no parent and no holdings in its annual accounts.
| Infi-Ly
registered office since 29-06-2021 |
founded in 2021 0770.497.328 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Avenue de la Coopération 6 / 7 registered office 4630 Soumagne | |||
| Bar à pâtes de Carmelo et fille Chaussée de Theux 89, 4802 Verviers | 16-11-2020 | 2.311.833.464 | Restaurant |
| Avenue de la Résistance 307 4630 Soumagne | 07-07-2022 | 2.333.623.822 | Catering |
| bar a pates carmelo herstak Rue du Crucifix 23, 4040 Herstal | 01-01-2025 | 2.367.691.608 | Retail trade |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62099A0044/00E003 | 244 m² | 1 · 135 m² | 6.9 m · 2 |
| 63036A0351/00E000 | 101 m² | 1 · 36 m² | 9.9 m · 3 |
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