DE REST
ActiveSummary
The computed 12-month bankruptcy probability of DE REST is 4.2% (elevated). The 2025 annual accounts show equity of €12,003 and a net result of -€1,919. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 13560 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency83▼-6
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.84 against 1.98 in 2024; short-term debt: 41.6% and cash: 26.9% of total assets), and 41.6% of the assets are financed with debt.
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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
58.4%
Return on assets
-9.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€1,919
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
14 d early
2023
22 d late
2022
29 d late
2021
26 d late
← 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 7 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 (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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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€12,003▼ 13.8%
2024 · €13,922
Total assets
€20,568▼ 5.8%
2024 · €21,841
Net result
-€1,919▲ 72.2%
2024 · -€6,898
Working capital
€7,213▼ 6.7%
2024 · €7,728
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€4,657-€11,039▲ 137%€1,283▼ 88.4%-€5,741-€781▲ 86.4%
Net result€4,526within the sector's middle half-€9,073within the sector's middle half▲ 100%-€279within the sector's middle half-€6,898below the sector's middle half▼ 2,374%-€1,919within the sector's middle half▲ 72.2%
Equity€12,026within the sector's middle half-€21,099within the sector's middle half▲ 75.4%€20,820within the sector's middle half▼ 1.3%€13,922within the sector's middle half▼ 33.1%€12,003within the sector's middle half▼ 13.8%
Total assets€24,479below the sector's middle half-€32,787below the sector's middle half▲ 33.9%€31,928below the sector's middle half▼ 2.6%€21,841below the sector's middle half▼ 31.6%€20,568below the sector's middle half▼ 5.8%
Debt€12,453-€11,687▼ 6.1%€11,108▼ 5.0%€7,919▼ 28.7%€8,564▲ 8.2%
Working capital€4,226-€14,507▲ 243%€12,887▼ 11.2%€7,728▼ 40.0%€7,213▼ 6.7%
Solvency49.1%within the sector's middle half-64.4%above the sector's middle half▲ 15.2pp65.2%above the sector's middle half▲ 0.9pp63.7%above the sector's middle half▼ 1.5pp58.4%within the sector's middle half▼ 5.4pp
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 stays negative: a loss of €781 in 2025 against €5,741 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,568
Fixed assets
€4,791 ▼ 22.7%
Current assets
€15,777 ▲ 0.8%
Equity and liabilities €20,568
Equity
€12,003 ▼ 13.8%
Debt
€8,564 ▲ 8.2%
Debt's share of the balance-sheet total rises from 36.3% to 41.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€623▲
2024 · -€4,002
Cash flow
-€515▲
2024 · -€5,159
Current ratio
1.84▼
2024 · 1.98
Quick ratio
1.35▼
2024 · 1.51
Debt to equity
0.71▲
2024 · 0.57
ROE
-16.0%▲
2024 · -49.6%
ROA
-9.3%▲
2024 · -31.6%
Interest coverage
0.55▲
2024 · -3.46
Debt ≤ 1 year
€8,564▲
2024 · €7,919
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.4%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 3,440 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,241 | €1,208 | €1,316 | €1,740 | €1,404 | ▼ 19.3% |
| Other operating charges640/8 | €942 | €1,092 | €1,887 | €1,051 | €1,737 | ▲ 65.3% |
| Gross operating margin9900 | €6,840 | €13,340 | €4,485 | -€2,951 | €2,360 | ▲ 180% |
| Operating profit (loss)9901 | €4,657 | €11,039 | €1,283 | -€5,741 | -€781 | ▲ 86.4% |
| Financial income75/76B | €17 | €212 | €0 | - | - | - |
| Recurring financial income75 | €17 | €212 | €0 | - | - | - |
| Financial charges65/66B | €148 | €832 | €1,419 | €1,157 | €1,138 | ▼ 1.6% |
| Recurring financial charges65 | €148 | €832 | €1,419 | €1,157 | €1,138 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €4,526 | €10,419 | -€137 | -€6,898 | -€1,919 | ▲ 72.2% |
| Income taxes67/77 | - | €1,346 | €142 | €0 | - | - |
| Profit (loss) for the period9904 | €4,526 | €9,073 | -€279 | -€6,898 | -€1,919 | ▲ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €4,526 | €9,073 | -€279 | -€6,898 | -€1,919 | ▲ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,479 | €32,787 | €31,928 | €21,841 | €20,568 | ▼ 5.8% |
| Fixed assets21/28 | €7,800 | €6,592 | €7,934 | €6,194 | €4,791 | ▼ 22.7% |
| Tangible fixed assets22/27 | €4,800 | €3,592 | €4,934 | €3,194 | €1,791 | ▼ 43.9% |
| Plant, machinery and equipment23 | €3,458 | €2,590 | €4,272 | €2,872 | €1,707 | ▼ 40.6% |
| Furniture and vehicles24 | €1,342 | €1,002 | €662 | €322 | €83 | ▼ 74.1% |
| Financial fixed assets28 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €16,679 | €26,195 | €23,994 | €15,647 | €15,777 | ▲ 0.8% |
| Stocks and contracts in progress3 | €7,772 | €7,634 | €2,394 | €3,721 | €4,187 | ▲ 12.5% |
| Stocks30/36 | €7,772 | €7,634 | €2,394 | €3,721 | €4,187 | ▲ 12.5% |
| Amounts receivable within one year40/41 | €3,213 | €11,476 | €7,150 | €7,353 | €0 | ▼ 100% |
| Trade receivables40 | - | €8,779 | €7,150 | €7,353 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,213 | €2,697 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €4,288 | €5,550 | €13,986 | €4,417 | €5,532 | ▲ 25.2% |
| Deferred charges and accrued income490/1 | €1,406 | €1,535 | €465 | €156 | €6,059 | ▲ 3,780% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,479 | €32,787 | €31,928 | €21,841 | €20,568 | ▼ 5.8% |
| Equity10/15 | €12,026 | €21,099 | €20,820 | €13,922 | €12,003 | ▼ 13.8% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | - | €9,073 | €9,073 | €9,073 | €9,073 | = |
| Distributable reserves133 | - | €9,073 | €9,073 | €9,073 | €9,073 | = |
| Profit (loss) carried forward14 | €4,526 | €4,526 | €4,247 | -€2,651 | -€4,570 | ▼ 72.4% |
| Amounts payable17/49 | €12,453 | €11,687 | €11,108 | €7,919 | €8,564 | ▲ 8.2% |
| Amounts payable within one year42/48 | €12,453 | €11,687 | €11,108 | €7,919 | €8,564 | ▲ 8.2% |
| Trade debts44 | €10,865 | €9,496 | €8,604 | €7,001 | €6,685 | ▼ 4.5% |
| Suppliers440/4 | €10,865 | €9,496 | €8,604 | €7,001 | €6,685 | ▼ 4.5% |
| Taxes, remuneration and social security45 | €1,397 | €2,191 | €2,322 | €736 | €1,697 | ▲ 131% |
| Taxes450/3 | €1,397 | €2,191 | €2,322 | €736 | €1,697 | ▲ 131% |
| Other amounts payable47/48 | €192 | €0 | €182 | €182 | €182 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,526 | €9,073 | -€279 | -€6,898 | -€1,919 | ▲ 72.2% |
| + Depreciation and write-downs630 | €1,241 | €1,208 | €1,316 | €1,740 | €1,404 | ▼ 19.3% |
| Operating cash flow (approximation) | €5,767 | €10,282 | €1,037 | -€5,159 | -€515 | ▲ 90.0% |
| Investment in fixed assets (approximation) | - | €0 | -€2,658 | €0 | €0 | - |
| Change in cash | - | €1,262 | €8,436 | -€9,569 | €1,115 | ▲ 112% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,898
Net result drops to -€6,898, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2021net €9,073 ▲100%
Operating result €11,039, net result €9,073, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waregem · 1 establishment unit since 2020
Ground area
198 m²
Building footprint
110 m²
Volume, LiDAR
749 m³
Parcel 34040C0312/00C006, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAFAET
since 20202.305.147.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0312/00C006 | Flanders | 198 m² | 1 · 110 m² | 12.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.305.147.392
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 3,668 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
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750628065
Also
9925:BE0750628065
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.