Losses
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
Ten of the last ten came late. The 2019 accounts came latest: 114 days after the end of the period.
Higher solvency than 95% of companies in food and beverage service. Sector median 29.8% · 4,824 companies.
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 94% of them on solvency, 99% on liquidity, 29% on profitability and 40% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 19.77 (19.96 in 2024), above the usual 1.5. Short-term debt is 2.5% and cash 49.1% of total assets. 2.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Shares in 1 company, REDERIJ DAMME BRUGGE
Board & ownership| Company | ||||
|---|---|---|---|---|
| DOORNZELE Ghent | €182,807 | -€66 | 97.5% | - |
| FRITERIE FRANCO-BELGE Tournai | €176,464 | -€11,489 | -3.0% | - |
| CRINOLINE Binche | €198,844 | -€60,045 | -126.0% | - |
| DC CONTRACTOR Rebecq | €206,032 | -€15,444 | -18.3% | - |
| JAZZ-STUDIO Antwerp | €197,433 | -€13,214 | 30.4% | - |
| MASK Woluwe-Saint-Lambert | €198,501 | -€3,308 | 99.0% | - |
| FOOD EXPRESS SERVICES Ostend | €165,546 | -€2,757 | 89.1% | - |
These companies have the same main activity as DOORNZELE: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €166,000 and €206,000, founded between 1984 and 1995.
DOORNZELE files the abbreviated format. That format states no turnover. The gross margin fell from €72,790 in 2006 to -€66 in 2025.
The balance sheet grew most in 2007 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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