Staff
4 employees on 31-12-2025
In 2025, 6 people joined and 6 left.
DRACHE
Lifetime
2 annual accounts with figures on one time axispeak €195,693 (2025)
€195,693▲ 185%
peak €45,440 (2025)
€45,440▲ 374%
peak €122,550 (2024)
€90,354▼ 26.3%
€59,559▲ 87.8%
Board3 names since 2024
3 directorsCOHEN Timothy David and 2 others
Documentsfilings and deeds
16-08-202616 days late
2025micro format
Gross margin from €68,670 to €195,693Result from €9,586 to €45,440Equity from €122,550 to €90,354Debts from €31,706 to €59,559
Key points
from the 2025 annual accountsLiquidity
1.27 was 3.02 in 2024
Short-term debts rose from €17,948 to €51,979.
Position in the sector
€45,440
Higher net result than 87% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
2025 accounts filed 16 days after the deadline
Checked score
65
Healthy
Financially stronger than 69% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 4.1%
04-2025: 4.2%▲ +0.1 percentage points vs 03-2025
05-2025: 4.2%● unchanged vs 04-2025
06-2025: 4.7%▲ +0.5 percentage points vs 05-2025highest value
07-2025: 4.7%● unchanged vs 06-2025highest value
08-2025: 1.1%▼ -3.6 percentage points vs 07-2025lowest value
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.2%▲ +0.1 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.2 percentage points vs 06-2026
08-2026: 1.9%▲ +0.5 percentage points vs 07-2026
09-2026: 1.5%▼ -0.4 percentage points vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Food and beverage service activities (NACE 56)
Size: total assets €149,913
lowers risk
Liquidity: current ratio 1.27, cash €56,111
Calculation
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 76% of them on solvency, 84% on liquidity, 93% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as DRACHE has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DRACHE itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for DRACHE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (3.02 in 2024), below the usual 1.5. Short-term debt is 34.7% and cash 37.4% of total assets. 39.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 16 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
16 days late
2024
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 4 days before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- COHEN Timothy David 300 sharesdeed of 07-02-2024
- MAKRÓCZY Róbert 240 sharesdeed of 07-02-2024
- WOLF Colin 240 sharesdeed of 07-02-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1005635028
Incorporation
Founding capital of €100,000, 1,000 shares · Founders: MAAW, COHEN Timothy David, MAKRÓCZY Róbert and 1 other · Appointments: COHEN Timothy David, MAKRÓCZY Róbert and WOLF Colin · published on 07-02-2024 · Gazette deed
First establishment
Brandhoutkaai 11, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DRACHE Brussels | €149,913 | €195,693 | 60.3% | - |
| BÕ Jette | €153,760 | €238,464 | -56.6% | - |
| BAR CENTRAL Aarschot | €142,653 | €175,473 | -15.2% | - |
| Sinners Hospitality Ghent | €145,980 | €172,622 | 10.4% | - |
| Le Montigny de Sandrine Charleroi | €155,821 | €146,106 | 0.6% | - |
| BARREL Arlon | €126,850 | €164,998 | 49.6% | - |
| MAISON COSTERMANS Brussels | €146,171 | €199,866 | 0.4% | - |
These companies have the same main activity as DRACHE: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €127,000 and €156,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 05-02-2024Normal situation
- Activity
- Cafés and barsNACE 56301and 4 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.355.394.1841000 Brussels, since 05-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 15-11-2025
Annual accounts 2025
- ≈ €520,000estimated
- €149,913▼ 2.8%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 16-08-2026
Insights on DRACHE
DRACHE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,354 and a net result of €45,440.
Its solvency ranks better than 76% of 17,158 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DRACHE
- What is the company number of DRACHE?
- The company number of DRACHE is 1005.635.028. The VAT number is the same number with BE in front: BE 1005.635.028.
- Where is DRACHE based?
- The registered office is at Brandhoutkaai 11, 1000 Brussels.Company details
- What does DRACHE do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of DRACHE?
- DRACHE is a private limited company (BV).
- When was DRACHE founded?
- DRACHE was founded on 05-02-2024.
- Is DRACHE still active?
- Yes, DRACHE is an active enterprise in the KBO register.
- How many employees does DRACHE have?
- DRACHE had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DRACHE fall under?
- In its 2025 annual accounts, DRACHE states joint committee 302 (Hotels and catering).
- What is the turnover of DRACHE?
- The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €195,693 and 32 comparable companies (NACE 56301). It probably lies between €460,000 and €670,000.
- Is DRACHE profitable?
- In financial year 2025, DRACHE made a profit of €45,440.
- Where can I find the annual accounts of DRACHE?
- DRACHE filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DRACHE due?
- DRACHE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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