DIVRI
ActiveSummary
The computed 12-month bankruptcy probability of DIVRI is 3.1% (moderate). The 2024 annual accounts show equity of €95,623 and a net result of €29,884. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 18930 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+7
Solvency70▼-17
Growth85=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.56 in 2023; short-term debt: 31.4% and cash: 11.5% of total assets), and 55% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
45%
Return on assets
14.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
110 d late
2022
65 d late
2021
101 d late
2020
32 d early
2019
60 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 56 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, micro schema
In the rankings
#8 company by equity in Ganshoren, Accommodation and food service sector#10 company by total assets in Ganshoren, Accommodation and food service sector
Turnover
€388,494▲ 56.5%
2021 · €248,314
EBIT margin
1.4%▼ 3.8pp
2021 · 5.2%
Net result
€29,884▲ 230%
2023 · €9,057
Working capital
-€32,679▼ 82.0%
2023 · -€17,960
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
Turnover€248,314€388,494▲ 56.5%
Operating result€18,508▲ 180%€12,859▼ 30.5%€5,478▼ 57.4%€12,192▲ 123%€47,454▲ 289%
Net result€17,864above the sector's middle half▲ 170%€7,254within the sector's middle half▼ 59.4%€3,318within the sector's middle half▼ 54.3%€9,057within the sector's middle half▲ 173%€29,884above the sector's middle half▲ 230%
EBIT margin5.2%1.4%▼ 3.8pp
Equity€46,109within the sector's middle half▲ 63.2%€53,363within the sector's middle half▲ 15.7%€56,682within the sector's middle half▲ 6.2%€65,739within the sector's middle half▲ 16.0%€95,623above the sector's middle half▲ 45.5%
Total assets€55,544within the sector's middle half▼ 1.8%€89,720within the sector's middle half▲ 61.5%€136,811within the sector's middle half▲ 52.5%€106,208within the sector's middle half▼ 22.4%€212,439within the sector's middle half▲ 100%
Debt€9,435▼ 66.7%€36,357▲ 285%€80,129▲ 120%€40,469▼ 49.5%€116,816▲ 189%
Working capital€3,691€2,116▼ 42.7%-€28,208-€17,960▲ 36.3%-€32,679▼ 82.0%
Solvency83.0%above the sector's middle half▲ 33.1pp59.5%within the sector's middle half▼ 23.5pp41.4%within the sector's middle half▼ 18.0pp61.9%above the sector's middle half▲ 20.5pp45.0%within the sector's middle half▼ 16.9pp
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 289% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €212,439
Fixed assets
€178,431 ▲ 113%
Current assets
€34,008 ▲ 51.1%
Equity and liabilities €212,439
Equity
€95,623 ▲ 45.5%
Debt
€116,816 ▲ 189%
Debt's share of the balance-sheet total rises from 38.1% to 55.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,051▲
2023 · €31,129
Cash flow
€61,482▲
2023 · €27,995
Current ratio
0.51▼
2023 · 0.56
Quick ratio
0.47▼
2023 · 0.53
Debt to equity
1.22▲
2023 · 0.62
ROE
31.3%▲
2023 · 13.8%
ROA
14.1%▲
2023 · 8.5%
Interest coverage
15.56▼
2023 · 96.89
Debt ≤ 1 year
€66,687▲
2023 · €40,469
Debt > 1 year
€50,129
Income taxes
€12,489▲
2023 · €2,813
Staff costs
€11,342▼
2023 · €20,072
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €248,314 | €388,494 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €212,086 | €320,308 | - | - | - |
| Remuneration, social security and pensions62 | - | €11,057 | €28,896 | €20,072 | €11,342 | ▼ 43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €12,325 | €18,671 | €18,937 | €31,598 | ▲ 66.9% |
| Other operating charges640/8 | - | €2,997 | €15,424 | €1,146 | €1,199 | ▲ 4.7% |
| Gross operating margin9900 | €18,522 | €39,238 | €68,470 | €52,347 | €91,592 | ▲ 75.0% |
| Operating profit (loss)9901 | €18,508 | €12,859 | €5,478 | €12,192 | €47,454 | ▲ 289% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €165 | €109 | €321 | €5,081 | ▲ 1,482% |
| Recurring financial charges65 | €644 | €165 | €109 | €321 | €5,081 | ▲ 1,482% |
| Profit (loss) for the period before taxes9903 | €17,864 | €12,694 | €5,369 | €11,871 | €42,373 | ▲ 257% |
| Income taxes67/77 | - | €5,440 | €2,051 | €2,813 | €12,489 | ▲ 344% |
| Profit (loss) for the period9904 | €17,864 | €7,254 | €3,318 | €9,057 | €29,884 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €17,864 | €7,254 | €3,318 | €9,057 | €29,884 | ▲ 230% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,544 | €89,720 | €136,811 | €106,208 | €212,439 | ▲ 100% |
| Fixed assets21/28 | €45,664 | €54,493 | €88,136 | €83,699 | €178,431 | ▲ 113% |
| Tangible fixed assets22/27 | €45,664 | €54,193 | €87,836 | €83,399 | €178,131 | ▲ 114% |
| Plant, machinery and equipment23 | - | €2,473 | - | €6,800 | €6,800 | = |
| Furniture and vehicles24 | - | €5,849 | €23,494 | €17,970 | €73,218 | ▲ 307% |
| Leasing and similar rights25 | - | €2,503 | - | - | €51,471 | - |
| Other tangible fixed assets26 | - | €43,368 | €64,343 | €58,629 | €46,642 | ▼ 20.4% |
| Financial fixed assets28 | - | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €9,880 | €35,227 | €48,675 | €22,509 | €34,008 | ▲ 51.1% |
| Stocks and contracts in progress3 | €856 | €856 | €1,121 | €1,121 | €2,945 | ▲ 163% |
| Stocks30/36 | - | €856 | €1,121 | €1,121 | €2,945 | ▲ 163% |
| Amounts receivable within one year40/41 | €3,630 | €6,591 | €19,778 | €9,525 | €6,537 | ▼ 31.4% |
| Trade receivables40 | - | €1,000 | €1,000 | €1,000 | €2,310 | ▲ 131% |
| Other amounts receivable41 | - | €5,591 | €18,778 | €8,525 | €4,227 | ▼ 50.4% |
| Cash at bank and in hand54/58 | €5,393 | €19,780 | €19,776 | €11,864 | €24,526 | ▲ 107% |
| Deferred charges and accrued income490/1 | - | €8,000 | €8,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,544 | €89,720 | €136,811 | €106,208 | €212,439 | ▲ 100% |
| Equity10/15 | €46,109 | €53,363 | €56,682 | €65,739 | €95,623 | ▲ 45.5% |
| Contributions10/11 | €18,600 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €1,860 | - | - | - | - | - |
| Profit (loss) carried forward14 | €25,649 | €32,903 | €36,222 | €45,279 | €75,163 | ▲ 66.0% |
| Amounts payable17/49 | €9,435 | €36,357 | €80,129 | €40,469 | €116,816 | ▲ 189% |
| Amounts payable after more than one year17 | €3,246 | €3,246 | €3,246 | - | €50,129 | - |
| Financial debts170/4 | - | €3,246 | €3,246 | - | €50,129 | - |
| Amounts payable within one year42/48 | €6,188 | €33,111 | €76,883 | €40,469 | €66,687 | ▲ 64.8% |
| Current portion of amounts payable after more than one year42 | - | €1,953 | €1,952 | - | €24,081 | - |
| Financial debts43 | - | €212 | €212 | - | - | - |
| Credit institutions430/8 | - | €212 | €212 | - | - | - |
| Trade debts44 | €985 | €14,256 | €51,788 | €23,313 | €21,906 | ▼ 6.0% |
| Suppliers440/4 | - | €14,256 | €51,788 | €23,313 | €21,906 | ▼ 6.0% |
| Taxes, remuneration and social security45 | - | €7,602 | €22,931 | €14,974 | €20,613 | ▲ 37.7% |
| Taxes450/3 | - | €7,602 | €11,658 | €14,787 | €13,719 | ▼ 7.2% |
| Remuneration and social security454/9 | - | - | €11,273 | €188 | €6,895 | ▲ 3,577% |
| Other amounts payable47/48 | - | €9,088 | - | €2,182 | €86 | ▼ 96.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,864 | €7,254 | €3,318 | €9,057 | €29,884 | ▲ 230% |
| + Depreciation and write-downs630 | - | €12,325 | €18,671 | €18,937 | €31,598 | ▲ 66.9% |
| Operating cash flow (approximation) | €17,864 | €19,579 | €21,990 | €27,995 | €61,482 | ▲ 120% |
| Investment in fixed assets (approximation) | - | -€21,154 | -€52,314 | -€14,500 | -€126,330 | ▼ 771% |
| Change in cash | - | €14,387 | -€4 | -€7,913 | €12,662 | ▲ 260% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €29,884 ▲230%
Operating result €47,454, net result €29,884, both a record.
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.60
Current ratio from 0.49 to 1.60; short-term debt falls from €25,077 to €6,188.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 182 days late
2019
31-12
Financial
Back to profitnet €6,614
Net result €6,614 after one loss-making year.
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 403 days late
2016
19-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 80 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ganshoren · 1 establishment unit since 2014
Ground area
255 m²
Building footprint
250 m²
Volume, LiDAR
3,853 m³
Parcel 21392B0052/00F002, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Frans Gasthuislaan 14, 1083 Ganshoren
since 20142.235.401.028
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392B0052/00F002 | Brussels | 255 m² | 1 · 250 m² | 19.3 m · 6 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 siteGanshoren2.235.401.028
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SANSIB
BE 0663.857.112
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BRETINI
BE 0818.849.848
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CHIRAG SUSHIL
BE 0757.470.624
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 7,874 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
Founded26-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563337891
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.