ECHAFAUDAGE
ActiveSummary
For ECHAFAUDAGE, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €50,726 and a net result of €105. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 1825 sector peers (fiscal year 2022). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability49▼-17
Solvency41▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven 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 →
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 2022Solvency, return and age of the figures
Solvency
16.4%
Return on assets
0%
Age of the figures
45 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 04-08-2023, 4 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
4 d late
2021
23 d late
2020
11 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, full schema
Turnover
€141,521
EBIT margin
13.0%
Net result
€105▼ 83.2%
2021 · €626
Working capital
€164,021▼ 31.0%
2021 · €237,543
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
Line20182019202020212022
Turnover€141,521
Operating result€1,746-€3,824▲ 119%€18,340▲ 380%€2,416▼ 86.8%€2,012▼ 16.7%
Net result€2,650-€2,143▼ 19.1%€17,071within the sector's middle half▲ 697%€626within the sector's middle half▼ 96.3%€105within the sector's middle half▼ 83.2%
EBIT margin13.0%
Equity€31,023-€33,165▲ 6.9%€50,236within the sector's middle half▲ 51.5%€50,862within the sector's middle half▲ 1.2%€50,726within the sector's middle half▼ 0.3%
Total assets€233,478-€276,835▲ 18.6%€322,505within the sector's middle half▲ 16.5%€366,178within the sector's middle half▲ 13.5%€309,827within the sector's middle half▼ 15.4%
Debt€126,634-€138,666▲ 9.5%€143,556▲ 3.5%€177,603▲ 23.7%€141,888▼ 20.1%
Working capital€90,362-€124,949▲ 38.3%€209,998above the sector's middle half▲ 68.1%€237,543above the sector's middle half▲ 13.1%€164,021above the sector's middle half▼ 31.0%
Solvency13.3%-12.0%▼ 1.3pp15.6%within the sector's middle half▲ 3.6pp13.9%within the sector's middle half▼ 1.7pp16.4%within the sector's middle half▲ 2.5pp
Current ratio1.76-1.94▲ 0.183.17above the sector's middle half▲ 1.233.02above the sector's middle half▼ 0.152.28above the sector's middle half▼ 0.74
Return on assets (ROA)1.1%-0.8%▼ 0.4pp5.3%within the sector's middle half▲ 4.5pp0.2%within the sector's middle half▼ 5.1pp0.0%within the sector's middle half▼ 0.1pp
Staff (FTE)12.3-12.3=13.7above the sector's middle half▲ 11.4%14.3above the sector's middle half▲ 4.4%15within the sector's middle half▲ 4.9%
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.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 17% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €309,827
Fixed assets
€17,691 ▲ 62.8%
Current assets
€292,136 ▼ 17.8%
Equity and liabilities €309,827
Equity
€50,726 ▼ 0.3%
Provisions
€117,213 ▼ 14.9%
Debt
€141,888 ▼ 20.1%
Debt's share of the balance-sheet total falls from 48.5% to 45.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,683▲
2021 · €9,567
Cash flow
€9,775▲
2021 · €7,776
Quick ratio
2.24▼
2021 · 2.98
Debt to equity
2.80▼
2021 · 3.49
ROE
0.2%▼
2021 · 1.2%
Interest coverage
3.66▼
2021 · 5.64
Debt ≤ 1 year
€128,115▲
2021 · €117,768
Debt > 1 year
€0▼
2021 · €1,059
Income taxes
€147▲
2021 · €136
Staff costs
€917,958▲
2021 · €690,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €141,521 | - | - | - |
| Non-recurring operating income76A | - | - | - | €7,208 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €690,723 | €917,958 | ▲ 32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,626 | €8,372 | €10,592 | €7,150 | €9,670 | ▲ 35.2% |
| Other operating charges640/8 | - | - | - | €124 | €933 | ▲ 655% |
| Non-recurring operating charges66A | - | - | - | - | €62 | - |
| Gross operating margin9900 | €718,204 | €733,834 | €665,979 | €709,413 | €910,136 | ▲ 28.3% |
| Operating profit (loss)9901 | €1,746 | €3,824 | €18,340 | €2,416 | €2,012 | ▼ 16.7% |
| Financial income75/76B | - | - | - | €43 | €1,434 | ▲ 3,245% |
| Recurring financial income75 | €221 | €20 | €321 | €43 | €1,434 | ▲ 3,245% |
| Financial charges65/66B | - | - | - | €1,698 | €3,195 | ▲ 88.2% |
| Recurring financial charges65 | €645 | €1,266 | €925 | €1,698 | €3,195 | ▲ 88.2% |
| Profit (loss) for the period before taxes9903 | €1,322 | €2,578 | €17,736 | €762 | €252 | ▼ 66.9% |
| Income taxes67/77 | - | - | €665 | €136 | €147 | ▲ 8.1% |
| Profit (loss) for the period9904 | €2,650 | €2,143 | €17,071 | €626 | €105 | ▼ 83.2% |
| Profit (loss) for the period to be appropriated9905 | €2,650 | €2,143 | €17,071 | €626 | €105 | ▼ 83.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,478 | €276,835 | €322,505 | €366,178 | €309,827 | ▼ 15.4% |
| Fixed assets21/28 | €23,617 | €18,382 | €15,591 | €10,867 | €17,691 | ▲ 62.8% |
| Tangible fixed assets22/27 | €23,187 | €17,952 | €15,291 | €10,567 | €17,391 | ▲ 64.6% |
| Plant, machinery and equipment23 | - | - | - | €713 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €9,854 | €15,013 | ▲ 52.4% |
| Other tangible fixed assets26 | - | - | - | - | €2,378 | - |
| Financial fixed assets28 | €430 | €430 | €300 | €300 | €300 | = |
| Current assets29/58 | €209,861 | €258,454 | €306,914 | €355,312 | €292,136 | ▼ 17.8% |
| Stocks and contracts in progress3 | €7,019 | €6,576 | €4,297 | €4,164 | €4,594 | ▲ 10.3% |
| Stocks30/36 | - | - | - | €4,164 | €4,594 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €135,644 | €168,580 | €141,013 | €199,906 | €152,414 | ▼ 23.8% |
| Trade receivables40 | - | - | - | €17,835 | €13,778 | ▼ 22.8% |
| Other amounts receivable41 | - | - | - | €182,071 | €138,636 | ▼ 23.9% |
| Current investments50/53 | €656 | €1 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €63,087 | €79,673 | €157,653 | €144,497 | €126,319 | ▼ 12.6% |
| Deferred charges and accrued income490/1 | - | - | - | €6,744 | €8,810 | ▲ 30.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,478 | €276,835 | €322,505 | €366,178 | €309,827 | ▼ 15.4% |
| Equity10/15 | €31,023 | €33,165 | €50,236 | €50,862 | €50,726 | ▼ 0.3% |
| Profit (loss) carried forward14 | €7,676 | €2,143 | €19,214 | €17,697 | €17,561 | ▼ 0.8% |
| Provisions and deferred taxes16 | €75,821 | €105,003 | €128,713 | €137,713 | €117,213 | ▼ 14.9% |
| Provisions for liabilities and charges160/5 | - | - | - | €137,713 | €117,213 | ▼ 14.9% |
| Major repairs and maintenance162 | - | - | - | €4,000 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | €133,713 | €117,213 | ▼ 12.3% |
| Amounts payable17/49 | €126,634 | €138,666 | €143,556 | €177,603 | €141,888 | ▼ 20.1% |
| Amounts payable after more than one year17 | €7,135 | €5,162 | €3,137 | €1,059 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €1,059 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €119,499 | €133,504 | €96,916 | €117,768 | €128,115 | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,078 | €1,059 | ▼ 49.0% |
| Trade debts44 | €24,985 | €33,010 | €10,937 | €10,923 | €24,918 | ▲ 128% |
| Suppliers440/4 | - | - | - | €10,923 | €24,918 | ▲ 128% |
| Taxes, remuneration and social security45 | - | - | - | €104,767 | €102,137 | ▼ 2.5% |
| Taxes450/3 | - | - | - | €9,615 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €95,152 | €102,137 | ▲ 7.3% |
| Accrued charges and deferred income492/3 | - | - | - | €58,776 | €13,773 | ▼ 76.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,650 | €2,143 | €17,071 | €626 | €105 | ▼ 83.2% |
| + Depreciation and write-downs630 | €10,626 | €8,372 | €10,592 | €7,150 | €9,670 | ▲ 35.2% |
| Operating cash flow (approximation) | €13,276 | €10,515 | €27,662 | €7,776 | €9,775 | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | -€3,136 | -€7,801 | -€2,426 | -€16,494 | ▼ 580% |
| Change in cash | - | €16,585 | €77,981 | -€13,156 | -€18,179 | ▼ 38.2% |
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
2026
10-09
State Gazette act
Appointments: Bérangère balbourg (director) and Fanny bricart (director)3 facts ▸
State Gazette act
Appointments: Bérangère balbourg (director) and Fanny bricart (director)
3 facts ▸
- General meeting, 26-06-2025
- Director appointment, Bérangère balbourg (director)
- Director appointment, Fanny bricart (director)
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet €105 ▼83.2%
Net result drops to €105, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €17,071 ▲697%
Operating result €18,340, net result €17,071, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
2015
06-10
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 67 days late
2014
22-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 53 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2025
Bérangère Balbourg
CurrentDirector · since 26-06-2025
Fanny Bricart
CurrentDirector · since 26-06-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 1986
Ground area
1,249 m²
Building footprint
239 m²
Volume, LiDAR
4,238 m³
Parcel 62808A0712/00N000, Wallonia · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ECHAFAUDAGE
since 19862.160.893.051
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0712/00N000 | Wallonia | 1,249 m² | 1 · 239 m² | 19.6 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.
Mandate history
2 people since 2025, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Bérangère Balbourg |
|
| Fanny Bricart |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.160.893.051
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,467. 9,827 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded20-02-1986
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430471944
Also
9925:BE0430471944
Registered
27-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.