Edelrot
ActiveThe computed 12-month bankruptcy probability of Edelrot is 2.8% (moderate). The 2024 annual accounts show negative equity (€-140k) and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 18936 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
16
/ 100
Critical▲ +1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.43 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
-87.3%
Return on assets
9.6%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 11%
← weakest
strongest →
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 18-06-2025, 43 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
42 d early
2022
39 d early
2021
33 d early
2020
296 d late
2019
11 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-140k▲ 9.9%
2023 · €-155k
2018: €-5k
2019: €10k
2020: €26k
2021: €21k
2022: €-85k
2023: €-155k
2018 → 2024
Total assets
€160k▼ 2.7%
2023 · €164k
2018: €54k
2019: €51k
2020: €60k
2021: €143k
2022: €216k
2023: €164k
2018 → 2024
Net result
€15k
2023 · €-70k
2018: €-14k
2019: €15k
2020: €16k
2021: €-6k
2022: €-105k
2023: €-70k
2018 → 2024
Working capital
€-127k▲ 2.2%
2023 · €-130k
2018: €7k
2019: €21k
2020: €34k
2021: €-6k
2022: €-44k
2023: €-130k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€26k-€21k▼ 21.9%€-85k€-155k▼ 83.3%€-140k▲ 9.9%
Operating result€16k-€-601€-103k▼ 16,998%€-68k▲ 33.7%€17k
Net result€16k-€-6k€-105k▼ 1,728%€-70k▲ 33.0%€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17k after a loss of €68k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €160k
Fixed assets
€46k▼ 27.9%
Current assets
€114k▲ 13.5%
Key figures and ratios
EBITDA
€36k▲
2023 · €-50k
Cash flow
€34k▲
2023 · €-52k
Solvency
-87.3%▲
2023 · -94.3%
Current ratio
0.47▲
2023 · 0.43
Quick ratio
0.10▼
2023 · 0.11
Debt / equity
-2.15▼
2023 · -2.06
ROE
-11.0%▼
2023 · 45.5%
ROA
9.6%▲
2023 · -42.9%
Interest coverage
18.50▲
2023 · -21.63
Debt
€299k▼
2023 · €319k
Debt ≤ 1 year
€241k▲
2023 · €230k
Debt > 1 year
€58k▼
2023 · €89k
Staff costs
€213k▲
2023 · €176k
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€164k€160k▼
Fixed assets21/28€64k€46k▼
Tangible fixed assets22/27€56k€38k▼
Plant, machinery and equipment23€23k€14k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€29k€22k▼
Financial fixed assets28€8k€8k=
Current assets29/58€100k€114k▲
Stocks and contracts in progress3€75k€90k▲
Stocks30/36€75k€90k▲
Amounts receivable within one year40/41€10k€3k▼
Trade receivables40€8k€1k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€15k€18k▲
Deferred charges and accrued income490/1€609€2k▲
Equity and liabilities
Total equity and liabilities10/49€164k€160k▼
Equity10/15€-155k€-140k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-163k€-148k▲
Amounts payable17/49€319k€299k▼
Amounts payable after more than one year17€89k€58k▼
Financial debts170/4€80k€58k▼
Trade debts175€9k-
Amounts payable within one year42/48€230k€241k▲
Current portion of amounts payable after more than one year42€17k€19k▲
Trade debts44€59k€40k▼
Suppliers440/4€59k€40k▼
Taxes, remuneration and social security45€52k€66k▲
Taxes450/3€22k€27k▲
Remuneration and social security454/9€30k€38k▲
Other amounts payable47/48€102k€117k▲
Income statement
Code20232024
Remuneration, social security and pensions62€176k€213k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▲
Other operating charges640/8€4k€10k▲
Gross operating margin9900€130k€259k▲
Operating profit (loss)9901€-68k€17k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-70k€15k▲
Income taxes67/77€-11-
Profit (loss) for the period9904€-70k€15k▲
Profit (loss) for the period to be appropriated9905€-70k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-163k€-148k▲
Profit (loss) brought forward from the previous period14P€-93k€-163k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-105k
Net result drops to €-105k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
23-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 296 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲2.6%
Net result €16k, the highest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.76
Current ratio from 1.37 to 3.76; short-term debt falls from €19k to €8k.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Gent · 1 establishment unit since 2021
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.
Belfortstraat 69000 GentGround area
100 m²
Building footprint
88 m²
Volume, LiDAR
1,259 m³
Parcel 44802B1568/00P000, Flanders · tallest building 25.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Edelrot
since 20212.324.650.629
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1568/00P000 | Flanders | 100 m² | 1 · 88 m² | 25.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteGent2.324.650.629
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Of 21,621 companies in sector 56112 we hold annual accounts for 9,654. 7,993 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.