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DRAKAR

Active
Private limited companyfounded 2007active for 19 yearsAntwerpsesteenweg 129, 3970 Leopoldsburg, BelgiumKBO/BCE: BE 0892.652.002

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-07-2026 at the NBB all 18 filings

Turnover
€246,530▲ 25.6%
2024 · €196,233
EBIT margin
11.8%▲ 11.2pp
2024 · 0.5%
Net result
€24,950▲ 435%
2024 · €4,664
Working capital
€122,088▲ 25.4%
2024 · €97,344
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is over 28 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Turnover€246,530 2025 Operating result€29,013 2025 Net result€24,950 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€170,474€177,806▲ 4.3%€196,233▲ 10.4%€246,530▲ 25.6%
Operating result€3,693-€18,282▲ 395%-€3,244€16,337€6,044▼ 63.0%€19,332▲ 220%€1,022▼ 94.7%€29,013▲ 28×
Net result€3,931-€14,244▲ 262%€10,706within the sector's middle half▼ 24.8%€13,426within the sector's middle half▲ 25.4%€8,695within the sector's middle half▼ 35.2%€17,875within the sector's middle half▲ 106%€4,664within the sector's middle half▼ 73.9%€24,950above the sector's middle half▲ 435%
EBIT margin3.5%10.9%▲ 7.3pp0.5%▼ 10.4pp11.8%▲ 11.2pp
Equity€25,573-€39,817▲ 55.7%€50,523within the sector's middle half▲ 26.9%€63,948within the sector's middle half▲ 26.6%€72,643within the sector's middle half▲ 13.6%€90,919above the sector's middle half▲ 25.2%€95,582above the sector's middle half▲ 5.1%€120,532above the sector's middle half▲ 26.1%
Total assets€46,077-€70,624▲ 53.3%€72,471within the sector's middle half▲ 2.6%€77,816within the sector's middle half▲ 7.4%€86,746within the sector's middle half▲ 11.5%€118,435within the sector's middle half▲ 36.5%€124,717within the sector's middle half▲ 5.3%€157,562within the sector's middle half▲ 26.3%
Debt€20,504-€30,807▲ 50.2%€21,949▼ 28.8%€13,868▼ 36.8%€14,102▲ 1.7%€27,516▲ 95.1%€29,135▲ 5.9%€37,030▲ 27.1%
Working capital€22,487-€37,967▲ 68.8%€48,505above the sector's middle half▲ 27.8%€62,252above the sector's middle half▲ 28.3%€71,010above the sector's middle half▲ 14.1%€90,054above the sector's middle half▲ 26.8%€97,344above the sector's middle half▲ 8.1%€122,088above the sector's middle half▲ 25.4%
Solvency55.5%-56.4%▲ 0.9pp69.7%above the sector's middle half▲ 13.3pp82.2%above the sector's middle half▲ 12.5pp83.7%above the sector's middle half▲ 1.6pp76.8%above the sector's middle half▼ 7.0pp76.6%above the sector's middle half▼ 0.1pp76.5%above the sector's middle half▼ 0.1pp
Current ratio2.11-2.24▲ 0.133.22above the sector's middle half▲ 0.985.49above the sector's middle half▲ 2.276.04above the sector's middle half▲ 0.554.37above the sector's middle half▼ 1.674.63above the sector's middle half▲ 0.274.50above the sector's middle half▼ 0.13
Return on assets (ROA)8.5%-20.2%▲ 11.6pp14.8%within the sector's middle half▼ 5.4pp17.3%within the sector's middle half▲ 2.5pp10.0%within the sector's middle half▼ 7.2pp15.1%within the sector's middle half▲ 5.1pp3.7%within the sector's middle half▼ 11.4pp15.8%within the sector's middle half▲ 12.1pp
above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157,562
Fixed assets €586 =
Current assets €156,976 ▲ 26.5%
Equity and liabilities €157,562
Equity €120,532 ▲ 26.1%
Debt €37,030 ▲ 27.1%
Debt's share of the balance-sheet total rises from 23.4% to 23.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,013▲
2024 · €2,067
Cash flow
€24,950▲
2024 · €5,709
Quick ratio
4.44▼
2024 · 4.55
Debt to equity
0.31▲
2024 · 0.30
ROE
20.7%▲
2024 · 4.9%
Interest coverage
over 100▲
2024 · 9.11
Debt ≤ 1 year
€34,888▲
2024 · €26,787
Income taxes
€4,010▲
2024 · €2,750
Customer credit
128 days▼
2024 · 128 days
Supplier credit
34 days▲
2024 · 31 days
Staff costs
€167
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets-€982€1,042--
Depreciation and write-downs of the year€422€1,045€1,045€1,045€0

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as DRAKAR: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €131,000 and €171,000, founded between 2005 and 2009.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
DRAKAR Leopoldsburg2007€157,562€120,532€31,457€246,530€24,9502025
TRINAKRIA Dilsen-Stokkem2009€131,438€36,520€33,208-€2,5132025
KOEKETINE Dendermonde2008€167,657€126,099€29,910--€189,1022025
NEWROZ Tielt-Winge2005€167,040€109,106€33,820-€11,1872025
JASBIR MEHLA Gent2005€166,487€44,698€29,656--€3,4412025
BROOSEND HOF Arendonk2008€170,752€45,447€28,083--€21,6572025
PIEVAL Stekene2005€153,595€141,093€33,882-€25,5182025

They were chosen from the 12,109 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as DRAKAR has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

The bankruptcy probability of DRAKAR itself is higher: 1.2% within 12 months. It rests on far more data about DRAKAR than the profile alone.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for DRAKAR. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€124,717€157,562▲
Formation expenses20€0€0=
Fixed assets21/28€586€586=
Intangible fixed assets21-€0
Tangible fixed assets22/27€586€586=
Plant, machinery and equipment23€586€586=
Current assets29/58€124,131€156,976▲
Stocks and contracts in progress3€2,236€2,236=
Stocks30/36€2,236€2,236=
Amounts receivable within one year40/41€116,686€149,135▲
Trade receivables40€68,913€86,425▲
Other amounts receivable41€47,773€62,710▲
Cash at bank and in hand54/58€5,209€5,605▲
Equity and liabilities
Total equity and liabilities10/49€124,717€157,562▲
Equity10/15€95,582€120,532▲
Contributions10/11€6,200€6,200=
Reserves13€18,209€18,209=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€16,349€16,349=
Profit (loss) carried forward14€71,173€96,123▲
Amounts payable17/49€29,135€37,030▲
Amounts payable within one year42/48€26,787€34,888▲
Trade debts44€16,583€19,992▲
Suppliers440/4€16,583€19,992▲
Taxes, remuneration and social security45€10,204€14,896▲
Taxes450/3€10,204€14,896▲
Accrued charges and deferred income492/3€2,348€2,143▼
Income statement Code20242025
Turnover70€196,233€246,530▲
Goods, raw materials, services and sundry goods60/61€192,384€215,073▲
Remuneration, social security and pensions62-€167
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,045€0▼
Other operating charges640/8€1,782€2,277▲
Gross operating margin9900€3,849€31,457▲
Operating profit (loss)9901€1,022€29,013▲
Financial income75/76B€6,619€161▼
Recurring financial income75€6,619€161▼
Financial charges65/66B€227€215▼
Recurring financial charges65€227€215▼
Profit (loss) for the period before taxes9903€7,414€28,960▲
Income taxes67/77€2,750€4,010▲
Profit (loss) for the period9904€4,664€24,950▲
Profit (loss) for the period to be appropriated9905€4,664€24,950▲
Appropriation of the result
Profit (loss) to be appropriated9906€71,173€96,123▲
Profit (loss) brought forward from the previous period14P€66,509€71,173▲

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Turnover70----€170,474€177,806€196,233€246,530▲ 25.6%
Non-recurring operating income76A---€12,329€0----
Goods, raw materials, services and sundry goods60/61----€141,390€155,750€192,384€215,073▲ 11.8%
Remuneration, social security and pensions62----€20,728€0-€167-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,791€1,178€422€422€1,045€1,045€1,045€0▼ 100%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0----
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0----
Other operating charges640/8---€1,317€1,267€1,279€1,782€2,277▲ 27.7%
Gross operating margin9900€12,658€20,870-€1,904€18,076€29,083€21,656€3,849€31,457▲ 717%
Operating profit (loss)9901€3,693€18,282-€3,244€16,337€6,044€19,332€1,022€29,013▲ 28×
Financial income75/76B---€1€352€0€6,619€161▼ 97.6%
Recurring financial income75€401€556€16,521€1€352€0€6,619€161▼ 97.6%
Financial charges65/66B---€219€200€266€227€215▼ 5.3%
Recurring financial charges65€162€168€200€219€200€266€227€215▼ 5.3%
Profit (loss) for the period before taxes9903€3,931€18,669€13,076€16,119€6,195€19,066€7,414€28,960▲ 291%
Income taxes67/77-€4,425€2,371€2,693-€2,500€1,191€2,750€4,010▲ 45.8%
Profit (loss) for the period9904€3,931€14,244€10,706€13,426€8,695€17,875€4,664€24,950▲ 435%
Profit (loss) for the period to be appropriated9905€3,931€14,244€10,706€13,426€8,695€17,875€4,664€24,950▲ 435%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€46,077€70,624€72,471€77,816€86,746€118,435€124,717€157,562▲ 26.3%
Formation expenses20----€0€0€0€0-
Fixed assets21/28€3,318€2,140€2,118€1,696€1,633€1,631€586€586=
Intangible fixed assets21----€0€0-€0-
Tangible fixed assets22/27€3,318€2,140€2,118€1,696€1,633€1,631€586€586=
Land and buildings22----€0€0---
Plant, machinery and equipment23---€1,696€1,633€1,631€586€586=
Furniture and vehicles24----€0----
Leasing and similar rights25----€0----
Other tangible fixed assets26----€0----
Assets under construction and advance payments27----€0----
Financial fixed assets28----€0----
Current assets29/58€42,758€68,483€70,353€76,120€85,112€116,804€124,131€156,976▲ 26.5%
Amounts receivable after more than one year29----€0----
Trade receivables290----€0----
Other amounts receivable291----€0----
Stocks and contracts in progress3€2,236€2,236€2,236€2,236€2,236€2,236€2,236€2,236=
Stocks30/36---€2,236€2,236€2,236€2,236€2,236=
Contracts in progress37----€0----
Amounts receivable within one year40/41€33,866€51,461€65,695€70,290€77,895€108,500€116,686€149,135▲ 27.8%
Trade receivables40---€33,493€42,926€60,030€68,913€86,425▲ 25.4%
Other amounts receivable41---€36,797€34,969€48,470€47,773€62,710▲ 31.3%
Current investments50/53----€0----
Cash at bank and in hand54/58€5,857€14,786€2,422€3,318€4,981€6,068€5,209€5,605▲ 7.6%
Deferred charges and accrued income490/1---€275-----
Equity and liabilities
Total equity and liabilities10/49€46,077€70,624€72,471€77,816€86,746€118,435€124,717€157,562▲ 26.3%
Equity10/15€25,573€39,817€50,523€63,948€72,643€90,919€95,582€120,532▲ 26.1%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€18,209€18,209€18,209€18,209€18,209€18,209€18,209€18,209=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Own shares acquired1312----€0----
Financial assistance1313----€0----
Other1319----€0----
Tax-exempt reserves132----€0----
Distributable reserves133---€16,349€16,349€16,349€16,349€16,349=
Profit (loss) carried forward14€1,163€15,408€26,113€39,539€48,234€66,509€71,173€96,123▲ 35.1%
Investment grants15----€0----
Advance to shareholders on the distribution of net assets19----€0----
Provisions and deferred taxes16----€0----
Provisions for liabilities and charges160/5----€0----
Pensions and similar obligations160----€0----
Taxes161----€0----
Major repairs and maintenance162----€0----
Environmental obligations163----€0----
Other liabilities and charges164/5----€0----
Deferred taxes168----€0----
Amounts payable17/49€20,504€30,807€21,949€13,868€14,102€27,516€29,135€37,030▲ 27.1%
Amounts payable after more than one year17----€0----
Financial debts170/4----€0----
Trade debts175----€0----
Advances received on contracts in progress176----€0----
Other amounts payable178/9----€0----
Amounts payable within one year42/48€20,271€30,516€21,848€13,868€14,102€26,749€26,787€34,888▲ 30.2%
Current portion of amounts payable after more than one year42----€0----
Financial debts43----€0----
Credit institutions430/8----€0----
Other loans439----€0----
Trade debts44€18,104€26,278€21,848€13,868€9,113€15,392€16,583€19,992▲ 20.6%
Suppliers440/4---€13,868€9,113€15,392€16,583€19,992▲ 20.6%
Bills of exchange payable441----€0----
Advances received on contracts in progress46----€0----
Taxes, remuneration and social security45----€4,989€11,357€10,204€14,896▲ 46.0%
Taxes450/3----€4,989€11,357€10,204€14,896▲ 46.0%
Remuneration and social security454/9----€0----
Other amounts payable47/48----€0----
Accrued charges and deferred income492/3----€0€767€2,348€2,143▼ 8.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€3,931€14,244€10,706€13,426€8,695€17,875€4,664€24,950▲ 435%
+ Depreciation and write-downs630€4,791€1,178€422€422€1,045€1,045€1,045€0▼ 100%
Operating cash flow (approximation)€8,722€15,422€11,128€13,848€9,740€18,920€5,709€24,950▲ 337%
Investment in fixed assets (approximation)-€0-€400€0-€982-€1,042-€0€0-
Change in cash-€8,930-€12,365€896€1,663€1,087-€859€396-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 22-07-2026 2026-00320094 NBB
31-12-2024 micro format 09-09-2025 2025-00489763 PDF
31-12-2023 micro format 22-08-2024 2024-00362746 PDF
31-12-2022 micro format 23-12-2023 2024-00540685 PDF
31-12-2021 micro format 08-09-2022 2022-20429867 PDF
31-12-2020 micro format 25-11-2021 2021-78800311 PDF
31-12-2019 micro format 28-10-2020 2020-64400358 PDF
31-12-2018 micro format 13-11-2019 2019-73800435 PDF
31-12-2017 micro format 30-08-2018 2018-61800478 PDF
31-12-2016 micro format 29-08-2017 2017-57300554 PDF

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