De Route
ActiveSummary
The computed 12-month bankruptcy probability of De Route is 4.9% (elevated). The 2025 annual accounts show equity of €24k and a net result of €-9k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 13417 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-28
Solvency47▼-2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.78 in 2024; short-term debt: 62.4% and cash: 42.4% of total assets), and 77.9% of the assets are financed with debt.
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Signals
Four 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
22.1%
Return on assets
-8.7%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
31 d early
2023
23 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€24k▼ 28.2%
2024 · €33k
Total assets
€107k▼ 21.5%
2024 · €136k
Net result
€-9k
2024 · €18k
Working capital
€-13k▲ 20.2%
2024 · €-16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€12k-€21k▲ 78.3%€-5k
Net result€10k-€18k▲ 92.1%€-9k
Equity€15k-€33k▲ 126%€24k▼ 28.2%
Total assets€114k-€136k▲ 19.5%€107k▼ 21.5%
Debt€99k-€103k▲ 3.8%€83k▼ 19.3%
Working capital€-26k-€-16k▲ 37.1%€-13k▲ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €21k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€53k ▼ 32.0%
Current assets
€54k ▼ 7.3%
Equity and liabilities €107k
Equity
€24k ▼ 28.2%
Debt
€83k ▼ 19.3%
Debt's share of the balance-sheet total rises from 75.8% to 77.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €43k
Cash flow
€16k▼
2024 · €41k
Current ratio
0.80▲
2024 · 0.78
Quick ratio
0.75▲
2024 · 0.74
Debt to equity
3.52▲
2024 · 3.13
ROE
-39.3%▼
2024 · 55.8%
ROA
-8.7%▼
2024 · 13.5%
Interest coverage
9.05▼
2024 · 16.15
Debt ≤ 1 year
€67k▼
2024 · €74k
Debt > 1 year
€17k▼
2024 · €29k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €22k | €25k | ▲ 13.0% |
| Other operating charges640/8 | €7k | €9k | €9k | ▼ 1.9% |
| Gross operating margin9900 | €49k | €52k | €29k | ▼ 45.0% |
| Operating profit (loss)9901 | €12k | €21k | €-5k | ▼ 125% |
| Financial income75/76B | - | €16 | €18 | ▲ 7.3% |
| Recurring financial income75 | - | €16 | €18 | ▲ 7.3% |
| Financial charges65/66B | €2k | €3k | €2k | ▼ 18.1% |
| Recurring financial charges65 | €2k | €3k | €2k | ▼ 18.1% |
| Profit (loss) for the period before taxes9903 | €10k | €18k | €-7k | ▼ 140% |
| Income taxes67/77 | - | - | €2k | - |
| Profit (loss) for the period9904 | €10k | €18k | €-9k | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €10k | €18k | €-9k | ▼ 151% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €114k | €136k | €107k | ▼ 21.5% |
| Fixed assets21/28 | €81k | €78k | €53k | ▼ 32.0% |
| Intangible fixed assets21 | €44k | €33k | €22k | ▼ 33.3% |
| Tangible fixed assets22/27 | €37k | €45k | €31k | ▼ 31.0% |
| Plant, machinery and equipment23 | €37k | €29k | €20k | ▼ 32.8% |
| Furniture and vehicles24 | - | €16k | €12k | ▼ 27.8% |
| Current assets29/58 | €33k | €58k | €54k | ▼ 7.3% |
| Stocks and contracts in progress3 | €1k | €3k | €4k | ▲ 46.1% |
| Stocks30/36 | €1k | €3k | €4k | ▲ 46.1% |
| Amounts receivable within one year40/41 | €2k | €2k | €3k | ▲ 77.0% |
| Other amounts receivable41 | €2k | €2k | €3k | ▲ 77.0% |
| Cash at bank and in hand54/58 | €28k | €53k | €45k | ▼ 15.0% |
| Deferred charges and accrued income490/1 | €1k | €0 | €1k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €114k | €136k | €107k | ▼ 21.5% |
| Equity10/15 | €15k | €33k | €24k | ▼ 28.2% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Reserves13 | - | €28k | €19k | ▼ 33.3% |
| Distributable reserves133 | - | €28k | €19k | ▼ 33.3% |
| Profit (loss) carried forward14 | €10k | €0 | - | - |
| Amounts payable17/49 | €99k | €103k | €83k | ▼ 19.3% |
| Amounts payable after more than one year17 | €41k | €29k | €17k | ▼ 43.0% |
| Financial debts170/4 | €41k | €29k | €17k | ▼ 43.0% |
| Amounts payable within one year42/48 | €59k | €74k | €67k | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | €11k | €12k | €12k | ▲ 5.4% |
| Trade debts44 | €7k | €19k | €8k | ▼ 57.7% |
| Suppliers440/4 | €7k | €19k | €8k | ▼ 57.7% |
| Taxes, remuneration and social security45 | €0 | - | - | - |
| Taxes450/3 | €0 | - | - | - |
| Remuneration and social security454/9 | €0 | - | - | - |
| Other amounts payable47/48 | €41k | €44k | €46k | ▲ 6.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €18k | €-9k | ▼ 151% |
| + Depreciation and write-downs630 | €20k | €22k | €25k | ▲ 13.0% |
| Operating cash flow (approximation) | €30k | €41k | €16k | ▼ 61.2% |
| Investment in fixed assets (approximation) | - | €-19k | €0 | ▲ 100% |
| Change in cash | - | €25k | €-8k | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €18k ▲92.1%
Operating result €21k, net result €18k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 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, Bertem · 1 establishment unit since 2023
Ground area
218 m²
Building footprint
126 m²
Volume, LiDAR
515 m³
Parcel 24052A0121/00K004, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Route
since 20232.339.862.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24052A0121/00K004 | Flanders | 218 m² | 1 · 126 m² | 9.4 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 siteBertem2.339.862.803
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,229 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
Founded05-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.