DRINKTHATBEER
ActiveThe computed 12-month bankruptcy probability of DRINKTHATBEER is 4.1% (elevated). The 2024 annual accounts show equity of €54k and a net result of €-28k. Equity is growing by ~47% per year across the filed fiscal years. Its solvency ranks better than 39% of 112 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability3▼-75
Solvency49▼-19
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.71 against 0.95 in 2023; short-term debt: 37.4% and cash: 10.3% of total assets), and 76.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
23.8%
Return on assets
-12.3%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Sector 11
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
35 d early
2022
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-28k
2023 · €13k
2022: €-6k
2023: €13k
2022 → 2024
Working capital
€-25k▼ 942%
2023 · €-2k
2022: €-28k
2023: €-2k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€82k▲ 2,423%€54k▼ 34.0%
Operating result€-6k-€16k€-20k
Net result€-6k-€13k€-28k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €16k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€166k▲ 20.5%
Current assets
€60k▲ 18.6%
Equity and liabilities €226k
Equity
€54k▼ 34.0%
Debt
€172k▲ 61.3%
The debt ratio rises from 56.7% to 76.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-829▼
2023 · €18k
Cash flow
€-9k▼
2023 · €15k
Solvency
23.8%▼
2023 · 43.3%
Current ratio
0.71▼
2023 · 0.95
Quick ratio
0.48▼
2023 · 0.67
Debt / equity
3.20▲
2023 · 1.31
ROE
-51.6%▼
2023 · 16.3%
ROA
-12.3%▼
2023 · 7.1%
Interest coverage
-0.11▼
2023 · 24.89
Debt
€172k▲
2023 · €107k
Debt ≤ 1 year
€84k▲
2023 · €53k
Debt > 1 year
€88k▲
2023 · €54k
Staff costs
€52k▲
2023 · €374
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€188k€226k▲
Fixed assets21/28€138k€166k▲
Intangible fixed assets21€50k€45k▼
Tangible fixed assets22/27€50k€91k▲
Land and buildings22€48k€61k▲
Plant, machinery and equipment23-€12k
Furniture and vehicles24€2k€18k▲
Financial fixed assets28€38k€31k▼
Current assets29/58€50k€60k▲
Stocks and contracts in progress3€15k€19k▲
Stocks30/36€15k€19k▲
Amounts receivable within one year40/41€16k€16k▼
Trade receivables40€16k€16k▼
Cash at bank and in hand54/58€19k€23k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€188k€226k▲
Equity10/15€82k€54k▼
Contributions10/11€74k€74k=
Profit (loss) carried forward14€8k€-20k▼
Amounts payable17/49€107k€172k▲
Amounts payable after more than one year17€54k€88k▲
Financial debts170/4€54k€88k▲
Amounts payable within one year42/48€53k€84k▲
Current portion of amounts payable after more than one year42€11k€26k▲
Financial debts43€2k€535▼
Credit institutions430/8€2k€535▼
Trade debts44€319€9k▲
Suppliers440/4€319€9k▲
Taxes, remuneration and social security45€5k€14k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€2k€11k▲
Other amounts payable47/48€35k€36k▲
Income statement
Code20232024
Remuneration, social security and pensions62€374€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€19k▲
Other operating charges640/8€384€907▲
Gross operating margin9900€18k€52k▲
Operating profit (loss)9901€16k€-20k▼
Financial income75/76B€16€3▼
Recurring financial income75€16€3▼
Financial charges65/66B€706€8k▲
Recurring financial charges65€706€8k▲
Profit (loss) for the period before taxes9903€16k€-28k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€13k€-28k▼
Profit (loss) for the period to be appropriated9905€13k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8k€-20k▼
Profit (loss) brought forward from the previous period14P€-6k€8k▲
Social balance
Average headcount (FTE)90870.12.6▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-28k ▼309%
Net result drops to €-28k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg op Waver 9501040 EtterbeekGround area
1,822 m²
Building footprint
113 m²
Volume, LiDAR
1,688 m³
2 parcels, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
DRINKTHATBEER
since 20222.328.632.181
La Bagarre
since 20232.353.245.536
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00X000 | Brussels | 1,710 m² | - | - |
| 21013B0322/00C003 | Brussels | 113 m² | 1 · 113 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteSint-Gillis2.353.245.536
Similar companies · same sector, comparable size
Bières de Quartiers
BE 0778.874.663
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4KNT
BE 0699.796.897
Stekene · Eq €53k
Waterfields Brewery
BE 0742.524.607
Ledegem · Eq €53k
Brasserie THOR
BE 0659.802.809
Perwez · Eq €53k
DR BLUES BELGIAN BREWS
BE 0678.822.133
Leuven · Eq €55k
Of 730 companies in sector 11050 we hold annual accounts for 352. 229 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2022
Fiscal year end31-12
Activities, NACEBEL
11050Manufacture of beer
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:remi@drinkthatbeer.be
Phone:+32472130743