DARO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DARO is 2.8% (moderate). The 2025 annual accounts show negative equity (€-100k) and a net result of €147k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 1106 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.8% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1106 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	08-06-2026	53 d early	2026-00143627
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00433118
31-12-2023	31-07-2024	28-06-2024	33 d early	2024-00175700
31-12-2022	31-07-2023	01-06-2023	60 d early	2023-00101880
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20369402
31-12-2020	31-07-2021	06-07-2021	25 d early	2021-30900047
31-12-2019	31-07-2020	16-09-2020	47 d late	2020-53200489
31-12-2018	31-07-2019	10-09-2019	41 d late	2019-63700521
31-12-2017	31-07-2018	24-10-2018	85 d late	2018-69800413
31-12-2016	31-07-2017	31-08-2017	31 d late	2017-52200155

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1996, 29 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€320k+27.2%

EBIT margin6.3%+4.1pp

Net result€147k+121.3%

Working capital€-29k+45.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Revenue: growth of ~30.2%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-261.0%	25.6%	better than 5% of 1106 sector peers
Net result	€147k	€7k	better than 95% of 1108 sector peers
Equity	€-100k	€22k	better than 5% of 1110 sector peers
Gross operating margin	€206k	€63k	better than 84% of 1104 sector peers
Staff costs	€46k	€51k	higher than 47% of 808 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P5

Stable position over 2020-2025 · n=1106-5651

Net result P95

Improving position over 2020-2025 · n=1108-5639

Equity P5

Stable position over 2020-2025 · n=1110-5663

Gross operating margin P84

Improving position over 2020-2025 · n=1104-5625

Describes the position versus peers, not a forecast.

Revenue

€320k

+27.2% 18-25

EBITDA

€159k

+94.4% 18-25

Net profit

€147k

+121.3% 18-25

Cash flow

€148k

+120.7% 18-25

Total assets

€38k

+19.7% 18-25

Equity

€-100k

+59.6% 18-25

Working capital

€-29k

+45.3% 18-25

Employees (FTE)

2

0.0% 18-25

Show 14 other metrics

Staff costs

€46k

-28.7% 18-25

Income taxes

€3k

+14.6% 18-25

Debt

€138k

-50.5% 18-25

Debt ≤ 1y

€47k

-32.6% 18-25

Debt > 1y

€91k

-56.5% 18-25

Current ratio

0.38

+60.6% 18-25

Quick ratio

0.33

+58.0% 18-25

Solvency

-261.0%

+66.2% 18-25

Debt / equity

-1.38

-22.5% 18-25

ROE

-147.4%

-447.6% 18-25

ROA

384.8%

+84.9% 18-25

Net margin

3.6%

+173.5% 18-25

EBITDA margin

6.6%

+124.7% 18-25

Interest coverage

14.37

+107.6% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€159k
Net profit	€147k
Cash flow	€148k
Staff costs	€46k
Income taxes	-
Dividends	-
Total assets	€38k
Equity	€-100k
Debt	€138k
of which ≤ 1y	€47k
of which > 1y	€91k
Working capital	€-29k
Employees (FTE)	1.7

Ratios (computed)

	2025
Current ratio	0.38
Quick ratio	0.33
Working capital ratio	-76.9%
Solvency	-261.0%
Debt / equity	-1.38
Long-term debt ratio	-0.91
Interest coverage	14.37
Gross margin	-
Net margin	-
ROA	384.8%
ROE	-147.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €20k · 53.0% Current assets €18k · 47.1%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€38k
Fixed assets	21/28	€20k
Tangible fixed assets	22/27	€13k
Financial fixed assets	28	€7k
Current assets	29/58	€18k
Stocks & contracts in progress	3	€3k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€38k
Equity	10/15	€-100k
Contributions / capital	10/11	€19k
Reserves	13	€51k
Accumulated profits (losses)	14	€-170k
Amounts payable	17/49	€138k
Amounts payable after one year	17	€91k
Amounts payable within one year	42/48	€47k
Trade debts payable within one year	44	€13k
Income statement
Gross operating margin	9900	€206k
Operating result	9901	€158k
Financial charges	65	€11k
Result before taxes	9903	€147k
Net result for the period	9904	€147k
Result to be appropriated	9905	€147k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

16 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Colignonplein 81030 Schaarbeek

Establishment units

1 location

LA CUEVA DE CASTILLA

Colignonplein 8, 1030 SchaarbeekEetgelegenheden met volledige bediening

since 20142.236.150.106

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area158 m²

Buildings1

Building footprint108 m²

Volume (LiDAR)1,547 m³

Tallest building21.8 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21910E0194/00H007	Brussels	158 m²	1 · 108 m²	21.8 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

47 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 16

Profitability 0

Solvency 33

Growth 85

Stability 100

Credit advice

verdict per customer and amount

Similar

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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 2,990 of the 20,304 companies in this sector.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Restaurants van het traditionele type55301Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111

Primary activity highlighted.

Names & trade names

Legal nameFR

DARO

Registered office

Colignonplein 8

1030 Schaarbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.