El Vié Basècque
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 11-06-2026 at the NBB all 18 filings
Turnover
≈ €620,000
Estimated: probably between €460,000 and €750,000
Total assets
€217,798▲ 3.6%
2024 · €210,294
Net result
€7,102▼ 45.5%
2024 · €13,030
Working capital
-€61,649▲ 0.1%
2024 · -€61,734
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€16,536
▼ 17.7%
2025
20182025
Net result
€7,102
▼ 45.5%
2025
middle half of the sector
20182025
Equity
€3,045
2025
middle half of the sector
20182025
Total assets
€217,798
▲ 3.6%
2025
middle half of the sector
20182025
Debt
€214,753
▲ 0.2%
2025
20182025
Working capital
-€61,649
▲ 0.1%
2025
lowest quarter of the sector
20182025
Solvency
1.4%
▲ 3.3pp
2025
middle half of the sector
20182025
Current ratio
0.31
▲ 0.16
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
3.3%
▼ 2.9pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,400-€13,413▲ 110%-€11,190-€11,327▼ 1.2%-€12,271▼ 8.3%€2,488€20,086▲ 707%€16,536▼ 17.7%
Net result€3,609-€5,395▲ 49.5%-€16,764below the sector's middle half-€18,996below the sector's middle half▼ 13.3%-€18,418below the sector's middle half▲ 3.0%-€3,999within the sector's middle half▲ 78.3%€13,030within the sector's middle half€7,102within the sector's middle half▼ 45.5%
Equity€3,295-€41,090▲ 12×€24,326within the sector's middle half▼ 40.8%€5,330within the sector's middle half▼ 78.1%-€13,088below the sector's middle half-€17,088below the sector's middle half▼ 30.6%-€4,057below the sector's middle half▲ 76.3%€3,045within the sector's middle half
Total assets€45,785-€293,875▲ 542%€278,198above the sector's middle half▼ 5.3%€315,812above the sector's middle half▲ 13.5%€276,691above the sector's middle half▼ 12.4%€261,147above the sector's middle half▼ 5.6%€210,294within the sector's middle half▼ 19.5%€217,798within the sector's middle half▲ 3.6%
Debt€42,490-€252,785▲ 495%€253,872▲ 0.4%€310,482▲ 22.3%€289,780▼ 6.7%€278,234▼ 4.0%€214,351▼ 23.0%€214,753▲ 0.2%
Working capital-€10,252--€38,059▼ 271%-€28,289within the sector's middle half▲ 25.7%-€67,971below the sector's middle half▼ 140%-€78,636below the sector's middle half▼ 15.7%-€72,180below the sector's middle half▲ 8.2%-€61,734below the sector's middle half▲ 14.5%-€61,649below the sector's middle half▲ 0.1%
Solvency7.2%-14.0%▲ 6.8pp8.7%within the sector's middle half▼ 5.2pp1.7%within the sector's middle half▼ 7.1pp-4.7%below the sector's middle half▼ 6.4pp-6.5%within the sector's middle half▼ 1.8pp-1.9%within the sector's middle half▲ 4.6pp1.4%within the sector's middle half▲ 3.3pp
Current ratio0.61-0.29▼ 0.320.48within the sector's middle half▲ 0.200.12below the sector's middle half▼ 0.370.12below the sector's middle half▲ 0.010.33below the sector's middle half▲ 0.210.15below the sector's middle half▼ 0.180.31below the sector's middle half▲ 0.16
Return on assets (ROA)7.9%-1.8%▼ 6.0pp-6.0%within the sector's middle half▼ 7.9pp-6.0%below the sector's middle half=-6.7%within the sector's middle half▼ 0.6pp-1.5%within the sector's middle half▲ 5.1pp6.2%within the sector's middle half▲ 7.7pp3.3%within the sector's middle half▼ 2.9pp
Staff (FTE)2.4-3.5▲ 45.8%4.1above the sector's middle half▲ 17.1%7.1▲ 73.2%9.4▲ 32.4%9.8▲ 4.3%
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.
The operating result for 2025 is 18% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,798
Fixed assets
€190,368 ▼ 4.4%
Current assets
€27,430 ▲ 147%
Equity and liabilities €217,798
Equity
€3,045
Debt
€214,753
Debt's share of the balance-sheet total is 98.6%.
Key figures and ratios
EBITDA
€48,290▼
2024 · €51,842
Cash flow
€38,856▼
2024 · €44,786
Quick ratio
0.24▲
2024 · 0.08
Debt to equity
70.52
ROE
233.2%
Interest coverage
8.38▲
2024 · 7.71
Debt ≤ 1 year
€89,079▲
2024 · €72,841
Debt > 1 year
€125,207▼
2024 · €141,511
Income taxes
€3,669▲
2024 · €328
Staff costs
€146,295▼
2024 · €166,041
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 4 |
| full-time | 0 | 0 | 0 |
| part-time | 5 | 5 | 4 |
| in full-time equivalents | 5 | 3.5 | 2.9 |
| Average over the year, in full-time equivalents | 5.4 | 5.5 | 5.4 |
| On a permanent contract | 5 | 5 | 4 |
| Joined | 40 | 58 | 88 |
| Left | 39 | 59 | 88 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | €27,500 | €27,500 | - |
| Mortgage mandates | - | - | €148,500 | €148,500 | - |
| Carrying value of the mortgaged assets | - | - | €181,033 | €165,526 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €104,814 | - | €6,507 | €5,479 | €43,460 |
| Depreciation and write-downs of the year | €30,356 | €41,193 | €46,566 | €31,756 | €31,754 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,149 | €0 | €1,328 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €139,779 | €186,197 | €213,954 | €166,041 | €146,295 | ▼ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,224 | €23,487 | €27,450 | €30,356 | €41,193 | €46,566 | €31,756 | €31,754 | = |
| Other operating charges640/8 | - | - | - | €6,268 | €3,522 | €3,689 | €3,638 | €4,608 | ▲ 26.7% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €76,997 | €134,742 | €147,258 | €165,075 | €218,642 | €266,697 | €221,521 | €199,194 | ▼ 10.1% |
| Operating profit (loss)9901 | €6,400 | €13,413 | -€11,190 | -€11,327 | -€12,271 | €2,488 | €20,086 | €16,536 | ▼ 17.7% |
| Financial income75/76B | - | - | - | €7 | €1 | €10 | €0 | €0 | ▼ 75.0% |
| Recurring financial income75 | €149 | €5 | €2 | €7 | €1 | €10 | €0 | €0 | ▼ 75.0% |
| Financial charges65/66B | - | - | - | €7,097 | €5,735 | €6,497 | €6,728 | €5,765 | ▼ 14.3% |
| Recurring financial charges65 | €3,670 | €7,526 | €3,954 | €7,097 | €5,735 | €6,497 | €6,728 | €5,765 | ▼ 14.3% |
| Profit (loss) for the period before taxes9903 | €3,609 | €5,893 | -€15,143 | -€18,417 | -€18,005 | -€3,999 | €13,358 | €10,772 | ▼ 19.4% |
| Income taxes67/77 | - | €498 | €1,622 | €579 | €413 | €0 | €328 | €3,669 | ▲ 11× |
| Profit (loss) for the period9904 | €3,609 | €5,395 | -€16,764 | -€18,996 | -€18,418 | -€3,999 | €13,030 | €7,102 | ▼ 45.5% |
| Profit (loss) for the period to be appropriated9905 | €3,609 | €5,395 | -€16,764 | -€18,996 | -€18,418 | -€3,999 | €13,030 | €7,102 | ▼ 45.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €45,785 | €293,875 | €278,198 | €315,812 | €276,691 | €261,147 | €210,294 | €217,798 | ▲ 3.6% |
| Fixed assets21/28 | €29,681 | €278,591 | €251,637 | €306,716 | €265,522 | €225,464 | €199,187 | €190,368 | ▼ 4.4% |
| Tangible fixed assets22/27 | €29,201 | €278,111 | €250,907 | €305,986 | €264,792 | €224,734 | €198,457 | €189,638 | ▼ 4.4% |
| Land and buildings22 | - | - | - | €211,804 | €196,339 | €181,033 | €170,151 | €179,837 | ▲ 5.7% |
| Plant, machinery and equipment23 | - | - | - | €14,635 | €9,617 | €4,366 | €1,488 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €274 | €161 | €1,256 | €3,938 | €3,469 | ▼ 11.9% |
| Leasing and similar rights25 | - | - | - | €79,273 | €58,676 | €38,080 | €22,880 | €6,332 | ▼ 72.3% |
| Financial fixed assets28 | €480 | €480 | €730 | €730 | €730 | €730 | €730 | €730 | = |
| Current assets29/58 | €16,104 | €15,284 | €26,561 | €9,096 | €11,169 | €35,683 | €11,107 | €27,430 | ▲ 147% |
| Stocks and contracts in progress3 | €7,510 | €6,610 | €3,887 | €5,233 | €5,844 | €8,208 | €5,526 | €6,141 | ▲ 11.1% |
| Stocks30/36 | - | - | - | €5,233 | €5,844 | €8,208 | €5,526 | €6,141 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €2,503 | €4,117 | €1,773 | €1,208 | €1,096 | €1,563 | €1,377 | €2,410 | ▲ 74.9% |
| Trade receivables40 | - | - | - | €0 | €2 | €0 | €622 | - | - |
| Other amounts receivable41 | - | - | - | €1,208 | €1,094 | €1,563 | €755 | €2,410 | ▲ 219% |
| Current investments50/53 | - | - | €17,580 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3,735 | €1,786 | €3,320 | €2,655 | €4,228 | €25,911 | €3,399 | €17,989 | ▲ 429% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €804 | €890 | ▲ 10.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €45,785 | €293,875 | €278,198 | €315,812 | €276,691 | €261,147 | €210,294 | €217,798 | ▲ 3.6% |
| Equity10/15 | €3,295 | €41,090 | €24,326 | €5,330 | -€13,088 | -€17,088 | -€4,057 | €3,045 | - |
| Contributions10/11 | €6,200 | €38,600 | - | €38,600 | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Profit (loss) carried forward14 | -€2,905 | €2,490 | -€14,274 | -€33,270 | -€51,688 | -€55,688 | -€42,657 | -€35,555 | ▲ 16.7% |
| Amounts payable17/49 | €42,490 | €252,785 | €253,872 | €310,482 | €289,780 | €278,234 | €214,351 | €214,753 | ▲ 0.2% |
| Amounts payable after more than one year17 | €16,134 | €199,442 | €199,022 | €233,415 | €199,975 | €170,371 | €141,511 | €125,207 | ▼ 11.5% |
| Financial debts170/4 | - | - | - | €233,415 | €199,975 | €170,371 | €141,511 | €125,207 | ▼ 11.5% |
| Amounts payable within one year42/48 | €26,356 | €53,343 | €54,850 | €77,067 | €89,805 | €107,863 | €72,841 | €89,079 | ▲ 22.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €35,212 | €33,856 | €28,825 | €33,342 | €15,887 | ▼ 52.4% |
| Trade debts44 | €9,968 | €8,364 | €9,018 | €8,490 | €20,199 | €46,560 | €22,151 | €16,668 | ▼ 24.8% |
| Suppliers440/4 | - | - | - | €8,490 | €20,199 | €46,560 | €22,151 | €16,668 | ▼ 24.8% |
| Taxes, remuneration and social security45 | - | - | - | €14,892 | €19,033 | €21,725 | €9,807 | €27,048 | ▲ 176% |
| Taxes450/3 | - | - | - | €3,106 | €3,454 | €4,122 | €3,014 | €5,528 | ▲ 83.4% |
| Remuneration and social security454/9 | - | - | - | €11,787 | €15,579 | €17,603 | €6,793 | €21,520 | ▲ 217% |
| Other amounts payable47/48 | - | - | - | €18,473 | €16,717 | €10,753 | €7,541 | €29,476 | ▲ 291% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €467 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,609 | €5,395 | -€16,764 | -€18,996 | -€18,418 | -€3,999 | €13,030 | €7,102 | ▼ 45.5% |
| + Depreciation and write-downs630 | €8,224 | €23,487 | €27,450 | €30,356 | €41,193 | €46,566 | €31,756 | €31,754 | = |
| Operating cash flow (approximation) | €11,833 | €28,882 | €10,686 | €11,359 | €22,775 | €42,566 | €44,786 | €38,856 | ▼ 13.2% |
| Investment in fixed assets (approximation) | - | -€272,396 | -€497 | -€85,434 | €0 | -€6,507 | -€5,479 | -€22,934 | ▼ 319% |
| Change in cash | - | -€1,949 | €1,534 | -€666 | €1,574 | €21,683 | -€22,512 | €14,590 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,375 companies had the same profile as El Vié Basècque has now. Two years later, 95.9% were still going and 2.2% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
95.9%
was still going
1.6%
stopped otherwise
2.2%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of El Vié Basècque itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,375 companies, not a prediction for El Vié Basècque. 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00164556 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00449045 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00107267 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00429526 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20130121 | |
| 31-12-2020 | micro format | 05-08-2021 | 2021-46200436 | |
| 31-12-2019 | micro format | 09-09-2020 | 2020-52000009 | |
| 31-12-2018 | micro format | 17-06-2019 | 2019-18900086 | |
| 31-12-2017 | micro format | 15-05-2018 | 2018-12700389 | |
| 31-12-2016 | micro format | 08-06-2017 | 2017-15900108 |