DE-AL
ActiveSummary
The computed 12-month bankruptcy probability of DE-AL is 3.8% (moderate). The 2024 annual accounts show equity of €120,882 and a net result of €62,915. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 2937 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-11
Solvency52▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.1 in 2023; short-term debt: 67.5% and cash: 65% of total assets), and 73.4% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
21 d late
2022
28 d late
2021
10 d late
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 13 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, abbreviated schema
Equity
€120,882▲ 37.4%
2023 · €87,967
Total assets
€454,390▲ 36.6%
2023 · €332,588
Net result
€62,915▼ 17.2%
2023 · €75,967
Working capital
€66,228▲ 222%
2023 · €20,585
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€5,307-€83,292▲ 1,469%€164,588▲ 97.6%€101,128▼ 38.6%€88,590▼ 12.4%
Net result€3,150within the sector's middle half-€75,058above the sector's middle half▲ 2,283%€124,290above the sector's middle half▲ 65.6%€75,967above the sector's middle half▼ 38.9%€62,915within the sector's middle half▼ 17.2%
Equity€15,150within the sector's middle half-€90,208above the sector's middle half▲ 495%€214,498above the sector's middle half▲ 138%€87,967above the sector's middle half▼ 59.0%€120,882within the sector's middle half▲ 37.4%
Total assets€189,425within the sector's middle half-€317,512above the sector's middle half▲ 67.6%€462,853above the sector's middle half▲ 45.8%€332,588above the sector's middle half▼ 28.1%€454,390within the sector's middle half▲ 36.6%
Debt€174,275-€227,304▲ 30.4%€248,355▲ 9.3%€244,620▼ 1.5%€333,508▲ 36.3%
Working capital€50,033-€138,437▲ 177%€252,957▲ 82.7%€20,585▼ 91.9%€66,228▲ 222%
Solvency8.0%within the sector's middle half-28.4%within the sector's middle half▲ 20.4pp46.3%within the sector's middle half▲ 17.9pp26.4%within the sector's middle half▼ 19.9pp26.6%within the sector's middle half▲ 0.2pp
Staff (FTE)0.9below the sector's middle half-6.3▲ 600%13.5▲ 114%21.5▲ 59.3%17.4above the sector's middle half▼ 19.1%
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €454,390
Fixed assets
€81,632 ▼ 14.5%
Current assets
€372,758 ▲ 57.2%
Equity and liabilities €454,390
Equity
€120,882 ▲ 37.4%
Debt
€333,508 ▲ 36.3%
Debt's share of the balance-sheet total falls from 73.6% to 73.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113,704▼
2023 · €125,748
Cash flow
€88,029▼
2023 · €100,588
Current ratio
1.22▲
2023 · 1.10
Quick ratio
1.13▲
2023 · 0.95
Debt to equity
2.76▼
2023 · 2.78
ROE
52.0%▼
2023 · 86.4%
ROA
13.8%▼
2023 · 22.8%
Interest coverage
14.64▼
2023 · 28.94
Debt ≤ 1 year
€306,531▲
2023 · €216,532
Income taxes
€18,101▼
2023 · €20,831
Staff costs
€239,063▼
2023 · €279,881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,677 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 | - | €89,467 | €224,507 | €279,881 | €239,063 | ▼ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,319 | €18,525 | €21,809 | €24,620 | €25,114 | ▲ 2.0% |
| Other operating charges640/8 | - | €757 | €983 | €836 | €931 | ▲ 11.3% |
| Gross operating margin9900 | €15,511 | €192,041 | €411,887 | €406,465 | €353,698 | ▼ 13.0% |
| Operating profit (loss)9901 | €5,307 | €83,292 | €164,588 | €101,128 | €88,590 | ▼ 12.4% |
| Financial income75/76B | - | €30 | €37 | €15 | €195 | ▲ 1,162% |
| Recurring financial income75 | €258 | €30 | €37 | €15 | €195 | ▲ 1,162% |
| Financial charges65/66B | - | €4,804 | €4,928 | €4,345 | €7,769 | ▲ 78.8% |
| Recurring financial charges65 | €2,415 | €4,804 | €4,928 | €4,345 | €7,769 | ▲ 78.8% |
| Profit (loss) for the period before taxes9903 | €3,150 | €78,518 | €159,697 | €96,798 | €81,016 | ▼ 16.3% |
| Income taxes67/77 | - | €3,461 | €35,407 | €20,831 | €18,101 | ▼ 13.1% |
| Profit (loss) for the period9904 | €3,150 | €75,058 | €124,290 | €75,967 | €62,915 | ▼ 17.2% |
| Profit (loss) for the period to be appropriated9905 | €3,150 | €75,058 | €124,290 | €75,967 | €62,915 | ▼ 17.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €189,425 | €317,512 | €462,853 | €332,588 | €454,390 | ▲ 36.6% |
| Fixed assets21/28 | €117,368 | €120,351 | €116,041 | €95,472 | €81,632 | ▼ 14.5% |
| Tangible fixed assets22/27 | €117,368 | €120,351 | €116,041 | €95,472 | €81,632 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €63,942 | €50,924 | €40,876 | €36,037 | ▼ 11.8% |
| Furniture and vehicles24 | - | €13,260 | €27,608 | €22,728 | €19,368 | ▼ 14.8% |
| Other tangible fixed assets26 | - | €43,149 | €37,509 | €31,868 | €26,227 | ▼ 17.7% |
| Current assets29/58 | €72,058 | €197,161 | €346,812 | €237,116 | €372,758 | ▲ 57.2% |
| Stocks and contracts in progress3 | €6,000 | €19,750 | €24,410 | €30,950 | €26,725 | ▼ 13.7% |
| Stocks30/36 | - | €19,750 | €24,410 | €30,950 | €26,725 | ▼ 13.7% |
| Amounts receivable within one year40/41 | €24,043 | €10,552 | €12,892 | €73,177 | €39,253 | ▼ 46.4% |
| Trade receivables40 | - | €6,985 | €6,808 | €36,610 | €7,463 | ▼ 79.6% |
| Other amounts receivable41 | - | €3,566 | €6,084 | €36,567 | €31,790 | ▼ 13.1% |
| Cash at bank and in hand54/58 | €28,215 | €166,691 | €308,923 | €132,168 | €295,418 | ▲ 124% |
| Deferred charges and accrued income490/1 | - | €168 | €587 | €821 | €11,362 | ▲ 1,284% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €189,425 | €317,512 | €462,853 | €332,588 | €454,390 | ▲ 36.6% |
| Equity10/15 | €15,150 | €90,208 | €214,498 | €87,967 | €120,882 | ▲ 37.4% |
| Contributions10/11 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Reserves13 | - | - | - | €75,967 | €108,882 | ▲ 43.3% |
| Distributable reserves133 | - | - | - | €75,967 | €108,882 | ▲ 43.3% |
| Profit (loss) carried forward14 | €3,150 | €78,208 | €202,498 | - | - | - |
| Amounts payable17/49 | €174,275 | €227,304 | €248,355 | €244,620 | €333,508 | ▲ 36.3% |
| Amounts payable after more than one year17 | €150,000 | €150,000 | €150,000 | €25,000 | - | - |
| Financial debts170/4 | - | €150,000 | €150,000 | €25,000 | - | - |
| Amounts payable within one year42/48 | €22,025 | €58,724 | €93,855 | €216,532 | €306,531 | ▲ 41.6% |
| Trade debts44 | €21,801 | €28,305 | €32,810 | €26,918 | €82,293 | ▲ 206% |
| Suppliers440/4 | - | €28,305 | €32,810 | €26,918 | €82,293 | ▲ 206% |
| Advances received on contracts in progress46 | - | - | - | €21,296 | - | - |
| Taxes, remuneration and social security45 | - | €25,698 | €52,290 | €30,671 | €49,183 | ▲ 60.4% |
| Taxes450/3 | - | €10,857 | €25,142 | €22,632 | €29,682 | ▲ 31.1% |
| Remuneration and social security454/9 | - | €14,841 | €27,148 | €8,039 | €19,501 | ▲ 143% |
| Other amounts payable47/48 | - | €4,721 | €8,755 | €137,647 | €175,054 | ▲ 27.2% |
| Accrued charges and deferred income492/3 | - | €18,580 | €4,500 | €3,089 | €26,977 | ▲ 773% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,150 | €75,058 | €124,290 | €75,967 | €62,915 | ▼ 17.2% |
| + Depreciation and write-downs630 | €5,319 | €18,525 | €21,809 | €24,620 | €25,114 | ▲ 2.0% |
| Operating cash flow (approximation) | €8,469 | €93,582 | €146,099 | €100,588 | €88,029 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€21,508 | -€17,498 | -€4,051 | -€11,275 | ▼ 178% |
| Change in cash | - | €138,476 | €142,232 | -€176,755 | €163,250 | ▲ 192% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 7 days late
2024
31-12
Financial
Equity above €100,000Eq €120,882 ▲37.4%
5 profitable years in a row build equity to €120,882.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Highest result since 2020net €124,290 ▲65.6%
Operating result €164,588, net result €124,290, both a record.
31-12
Financial
Equity above €200,000Eq €214,498 ▲138%
3 profitable years in a row build equity to €214,498.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2020
Ground area
1,411 m²
Building footprint
70 m²
Volume, LiDAR
453 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Xaverianenstraat 3, 8200 Brugge
since 20202.307.276.246
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0808/00A000 | Flanders | 1,303 m² | - | - |
| 31512B0117/00Z003 | Flanders | 108 m² | 1 · 70 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,900 EUR awarded · 6,900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,900 EUR | 6,900 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.307.276.246
Dual-learning approval
1 live approval · 12 endedRestaurant en keuken duaal (so)
Show 12 ended approvals
Hulpkelner (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Hulpkok (so)
Kelner (so)
Keukenmedewerker (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (so)
Kok (vwo)
Kok duaal (so)
Medewerker snackbar-taverne (so)
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,550 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
Founded16-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0748612049
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.