De Bus
ActiveSummary
The computed 12-month bankruptcy probability of De Bus is 3.7% (moderate). The 2025 annual accounts show negative equity (-€14,339) and a net result of €10,290. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 24% of 13560 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+6
Solvency21▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.24 in 2024; short-term debt: 25.2% and cash: 1.5% of total assets), and equity is negative.
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Signals
Five 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
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 2025Solvency, return and age of the figures
Solvency
-4%
Return on assets
2.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 24%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
28 d early
2024
43 d early
2023
23 d early
2022
4 d early
2021
22 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days before 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 (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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€14,339▲ 41.8%
2024 · -€24,629
Total assets
€356,139▼ 16.6%
2024 · €426,789
Net result
€10,290
2024 · -€8,001
Working capital
-€54,640▲ 40.3%
2024 · -€91,564
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
Line20212022202320242025
Operating result€27,486€14,597▼ 46.9%€13,765▼ 5.7%€4,750▼ 65.5%€25,309▲ 433%
Net result€20,867within the sector's middle half€4,514within the sector's middle half▼ 78.4%€1,623within the sector's middle half▼ 64.0%-€8,001below the sector's middle half€10,290within the sector's middle half
Equity-€22,765below the sector's middle half▲ 47.8%-€18,251below the sector's middle half▲ 19.8%-€16,628below the sector's middle half▲ 8.9%-€24,629below the sector's middle half▼ 48.1%-€14,339below the sector's middle half▲ 41.8%
Total assets€482,991above the sector's middle half▲ 2.4%€440,952above the sector's middle half▼ 8.7%€506,326above the sector's middle half▲ 14.8%€426,789above the sector's middle half▼ 15.7%€356,139above the sector's middle half▼ 16.6%
Debt€505,756▼ 1.9%€459,203▼ 9.2%€522,954▲ 13.9%€451,417▼ 13.7%€370,478▼ 17.9%
Working capital-€130,991▲ 34.1%-€92,265▲ 29.6%-€132,349▼ 43.4%-€91,564▲ 30.8%-€54,640▲ 40.3%
Solvency-4.7%below the sector's middle half▲ 4.5pp-4.1%within the sector's middle half▲ 0.6pp-3.3%within the sector's middle half▲ 0.9pp-5.8%below the sector's middle half▼ 2.5pp-4.0%below the sector's middle half▲ 1.7pp
Staff (FTE)2.4▼ 7.7%4.1▲ 70.8%5.5▲ 34.1%4.5▼ 18.2%3.6▼ 20.0%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 433% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €356,139
Fixed assets
€321,169 ▼ 19.1%
Current assets
€34,971 ▲ 18.1%
Key figures and ratios
EBITDA
€108,501▲
2024 · €79,926
Cash flow
€93,483▲
2024 · €67,176
Current ratio
0.39▲
2024 · 0.24
Quick ratio
0.18▲
2024 · 0.11
Debt to equity
-25.84▼
2024 · -18.33
ROA
2.9%▲
2024 · -1.9%
Interest coverage
7.29▲
2024 · 6.34
Debt ≤ 1 year
€89,611▼
2024 · €121,172
Debt > 1 year
€280,867▼
2024 · €330,245
Income taxes
€160▲
2024 · €144
Staff costs
€83,026▼
2024 · €118,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 908 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
5.9%
went bankrupt
3.9%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% 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 497,058 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 908 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,167 | €4,374 | - | €9,414 | €2,581 | ▼ 72.6% |
| Remuneration, social security and pensions62 | €116,958 | €106,359 | €127,089 | €118,189 | €83,026 | ▼ 29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,746 | €65,549 | €79,361 | €75,177 | €83,193 | ▲ 10.7% |
| Other operating charges640/8 | €1,023 | €1,173 | €3,466 | €3,317 | €1,869 | ▼ 43.7% |
| Non-recurring operating charges66A | - | - | €244 | €3,798 | - | - |
| Gross operating margin9900 | €201,213 | €187,679 | €223,925 | €205,231 | €193,396 | ▼ 5.8% |
| Operating profit (loss)9901 | €27,486 | €14,597 | €13,765 | €4,750 | €25,309 | ▲ 433% |
| Financial income75/76B | €1,133 | €0 | €349 | €2 | €21 | ▲ 1,225% |
| Recurring financial income75 | €1,133 | €0 | €349 | €2 | €21 | ▲ 1,225% |
| Financial charges65/66B | €7,752 | €10,083 | €12,447 | €12,607 | €14,879 | ▲ 18.0% |
| Recurring financial charges65 | €7,752 | €10,083 | €12,447 | €12,607 | €14,879 | ▲ 18.0% |
| Profit (loss) for the period before taxes9903 | €20,867 | €4,514 | €1,668 | -€7,856 | €10,450 | ▲ 233% |
| Income taxes67/77 | - | - | €45 | €144 | €160 | ▲ 10.8% |
| Profit (loss) for the period9904 | €20,867 | €4,514 | €1,623 | -€8,001 | €10,290 | ▲ 229% |
| Profit (loss) for the period to be appropriated9905 | €20,867 | €4,514 | €1,623 | -€8,001 | €10,290 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €482,991 | €440,952 | €506,326 | €426,789 | €356,139 | ▼ 16.6% |
| Fixed assets21/28 | €443,801 | €405,158 | €466,180 | €397,180 | €321,169 | ▼ 19.1% |
| Intangible fixed assets21 | €38,740 | €33,740 | €28,740 | €23,740 | €18,740 | ▼ 21.1% |
| Tangible fixed assets22/27 | €405,061 | €371,418 | €437,440 | €373,440 | €302,429 | ▼ 19.0% |
| Land and buildings22 | €254,525 | €226,371 | - | - | - | - |
| Plant, machinery and equipment23 | €131,471 | €132,583 | €115,184 | €94,048 | €74,997 | ▼ 20.3% |
| Furniture and vehicles24 | €19,065 | €12,464 | €37,670 | €38,188 | €29,479 | ▼ 22.8% |
| Other tangible fixed assets26 | - | - | €284,586 | €241,204 | €197,953 | ▼ 17.9% |
| Current assets29/58 | €39,190 | €35,794 | €40,146 | €29,609 | €34,971 | ▲ 18.1% |
| Stocks and contracts in progress3 | €3,144 | €2,210 | €14,150 | €16,604 | €18,690 | ▲ 12.6% |
| Stocks30/36 | €3,144 | €2,210 | €14,150 | €16,604 | €18,690 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €10,833 | €3,883 | €7,795 | €8,649 | €10,885 | ▲ 25.9% |
| Trade receivables40 | €10,472 | €2,555 | €2,033 | €4,682 | €6,867 | ▲ 46.7% |
| Other amounts receivable41 | €361 | €1,328 | €5,762 | €3,968 | €4,019 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €24,279 | €29,701 | €18,202 | €4,356 | €5,395 | ▲ 23.9% |
| Deferred charges and accrued income490/1 | €936 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €482,991 | €440,952 | €506,326 | €426,789 | €356,139 | ▼ 16.6% |
| Equity10/15 | -€22,765 | -€18,251 | -€16,628 | -€24,629 | -€14,339 | ▲ 41.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€23,765 | -€19,251 | -€17,628 | -€25,629 | -€15,339 | ▲ 40.1% |
| Amounts payable17/49 | €505,756 | €459,203 | €522,954 | €451,417 | €370,478 | ▼ 17.9% |
| Amounts payable after more than one year17 | €335,575 | €331,145 | €350,459 | €330,245 | €280,867 | ▼ 15.0% |
| Financial debts170/4 | €335,575 | €331,145 | €350,459 | €330,245 | €280,867 | ▼ 15.0% |
| Amounts payable within one year42/48 | €170,181 | €128,058 | €172,495 | €121,172 | €89,611 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €44,261 | €34,193 | €49,119 | €37,851 | €42,623 | ▲ 12.6% |
| Financial debts43 | - | - | - | - | €3,453 | - |
| Credit institutions430/8 | - | - | - | - | €3,453 | - |
| Trade debts44 | €63,883 | €43,488 | €80,307 | €54,669 | €29,495 | ▼ 46.0% |
| Suppliers440/4 | €63,883 | €43,488 | €80,307 | €54,669 | €29,495 | ▼ 46.0% |
| Taxes, remuneration and social security45 | €6,083 | €8,297 | €14,531 | €5,848 | €2,432 | ▼ 58.4% |
| Taxes450/3 | €587 | €3,303 | €7,594 | €595 | €2,432 | ▲ 309% |
| Remuneration and social security454/9 | €5,496 | €4,994 | €6,937 | €5,253 | - | - |
| Other amounts payable47/48 | €55,954 | €42,080 | €28,538 | €22,805 | €11,607 | ▼ 49.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,867 | €4,514 | €1,623 | -€8,001 | €10,290 | ▲ 229% |
| + Depreciation and write-downs630 | €55,746 | €65,549 | €79,361 | €75,177 | €83,193 | ▲ 10.7% |
| Operating cash flow (approximation) | €76,613 | €70,063 | €80,984 | €67,176 | €93,483 | ▲ 39.2% |
| Investment in fixed assets (approximation) | - | -€26,907 | -€140,383 | -€6,177 | -€7,181 | ▼ 16.3% |
| Change in cash | - | €5,422 | -€11,499 | -€13,846 | €1,040 | ▲ 108% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10,290
Net result €10,290 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €20,867
Net result €20,867 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2019
Ground area
10.9 ha
Building footprint
316 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
De Bus
since 20192.294.021.492
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46010A0491/00X000 | Flanders | 7.8 ha | - | - |
| 46010E0360/00M000 | Flanders | 3.1 ha | 1 · 316 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.294.021.492
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
Website
www.de-bus.be
E-mail
debus@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734846363
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.