ELEVEN S
Open bankruptcyA bankruptcy procedure is open for ELEVEN S according to publications in the Belgian State Gazette; curator: JAN WYLLEMAN.
Summary
The 2023 annual accounts show equity of €4k and a net result of €8k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€4k
2022 · €-4k
2018: €-5k
2019: €40k
2020: €12k
2021: €38k
2022: €-4k
2018 → 2023
Total assets
€73k▲ 84.6%
2022 · €39k
2018: €93k
2019: €113k
2020: €93k
2021: €149k
2022: €39k
2018 → 2023
Net result
€8k
2022 · €-42k
2018: €4k
2019: €15k
2020: €-28k
2021: €26k
2022: €-42k
2018 → 2023
Working capital
€975
2022 · €-3k
2018: €-31k
2019: €-2k
2020: €-15k
2021: €27k
2022: €-3k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€40k-€12k▼ 70.5%€38k▲ 218%€-4k€4k
Operating result€19k-€-27k€30k€-38k€11k
Net result€15k-€-28k€26k€-42k€8k
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 2023: €11k after a loss of €38k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €73k
Fixed assets
€4k ▲ 96.2%
Current assets
€69k ▲ 84.0%
Equity and liabilities €73k
Equity
€4k
Debt
€69k
Debt finances 94.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€11k▲
2022 · €-32k
Cash flow
€8k▲
2022 · €-35k
Current ratio
1.01▲
2022 · 0.92
Debt to equity
18.27▲
2022 · -11.06
ROE
203.8%
ROA
10.6%▲
2022 · -105.4%
Interest coverage
4.19▲
2022 · -13.63
Debt ≤ 1 year
€68k▲
2022 · €41k
Income taxes
€234▼
2022 · €962
Staff costs
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€39k€73k▲
Fixed assets21/28€2k€4k▲
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€1k€792▼
Furniture and vehicles24€704€423▼
Financial fixed assets28-€3k
Current assets29/58€37k€69k▲
Amounts receivable within one year40/41€29k€55k▲
Trade receivables40€28k€39k▲
Other amounts receivable41€590€16k▲
Cash at bank and in hand54/58€8k€13k▲
Deferred charges and accrued income490/1€281€553▲
Equity and liabilities
Total equity and liabilities10/49€39k€73k▲
Equity10/15€-4k€4k▲
Contributions10/11€36k€36k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-42k€-34k▲
Amounts payable17/49€43k€69k▲
Amounts payable within one year42/48€41k€68k▲
Trade debts44€3k€13k▲
Suppliers440/4€3k€13k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€730▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€36k€50k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20222023
Remuneration, social security and pensions62-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€781▼
Other operating charges640/8€7k€2k▼
Gross operating margin9900€-25k€26k▲
Operating profit (loss)9901€-38k€11k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-41k€8k▲
Income taxes67/77€962€234▼
Profit (loss) for the period9904€-42k€8k▲
Profit (loss) for the period to be appropriated9905€-42k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-34k▲
Profit (loss) brought forward from the previous period14P-€-42k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
13-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · ELEVEN S BV ZANDVOORDE- STRAAT 40 0.01, 8400 OOSTENDE · event 09-02-2026
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-42k ▼261%
Net result drops to €-42k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oostende · 1 establishment unit since 2020
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.
Zandvoordestraat 408400 OostendeGround area
4,150 m²
Building footprint
19 m²
Parcel 35020B0018/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Betfirst Oostende
since 20202.300.732.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0018/00B000indicative | Flanders | 4,150 m² | 1 · 19 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN WYLLEMAN Nijverheidsstraat 82, 8400 OOSTENDE- |
09-02-2026 → present |
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 4,504 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
92000Gambling and betting activities
56111Full-service restaurants
56301Cafés and bars
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.