Fastlife
Open bankruptcyFinancials · financial year 2024, micro format
Turnover
≈ €220,000
Estimated: probably between €110,000 and €480,000
Total assets
€98,535▼ 19.0%
2023 · €121,588
Net result
-€9,001
2023 · €12,911
Working capital
-€15,426▼ 371%
2023 · -€3,272
Trend over the years
2022 to 2024, 3 financial years
The operating result turns negative in 2024: a loss of €5,519 after €14,146 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,519
2024
Net result-€9,001
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€98,535
2024
Equity€9,775
2024
Debt€88,760
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€15,426
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-9.1%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency9.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.48
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line202220232024
Operating result-€19,102-€14,146-€5,519
Net result-€19,136below the sector's middle half-€12,911within the sector's middle half-€9,001below the sector's middle half
Equity€5,864within the sector's middle half-€18,775within the sector's middle half▲ 220%€9,775within the sector's middle half▼ 47.9%
Total assets€133,503within the sector's middle half-€121,588within the sector's middle half▼ 8.9%€98,535within the sector's middle half▼ 19.0%
Debt€127,639-€102,813▼ 19.5%€88,760▼ 13.7%
Working capital-€11,751within the sector's middle half--€3,272within the sector's middle half▲ 72.2%-€15,426within the sector's middle half▼ 371%
Solvency4.4%within the sector's middle half-15.4%within the sector's middle half▲ 11.0pp9.9%within the sector's middle half▼ 5.5pp
Current ratio0.63within the sector's middle half-0.83within the sector's middle half▲ 0.210.48below the sector's middle half▼ 0.35
Return on assets (ROA)-14.3%below the sector's middle half-10.6%within the sector's middle half▲ 25.0pp-9.1%below the sector's middle half▼ 19.8pp
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €98,535
Fixed assets
€84,200 ▼ 19.8%
Current assets
€14,335 ▼ 13.3%
Equity and liabilities €98,535
Equity
€9,775 ▼ 47.9%
Debt
€88,760 ▼ 13.7%
Debt's share of the balance-sheet total rises from 84.6% to 90.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17,412▼
2023 · €35,026
Cash flow
€13,930▼
2023 · €33,792
Quick ratio
0.41▼
2023 · 0.75
Debt to equity
9.08▲
2023 · 5.48
ROE
-92.1%▼
2023 · 68.8%
Interest coverage
5.00▼
2023 · 28.37
Debt ≤ 1 year
€29,760▲
2023 · €19,813
Debt > 1 year
€59,000▼
2023 · €83,000
Staff costs
€0▲
2023 · -€350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,200 | -€350 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,674 | €20,880 | €22,931 | ▲ 9.8% |
| Other operating charges640/8 | €1,272 | €86 | €3,727 | ▲ 44× |
| Gross operating margin9900 | -€4,955 | €34,762 | €21,139 | ▼ 39.2% |
| Operating profit (loss)9901 | -€19,102 | €14,146 | -€5,519 | - |
| Financial charges65/66B | €34 | €1,234 | €3,482 | ▲ 182% |
| Recurring financial charges65 | €34 | €1,234 | €3,482 | ▲ 182% |
| Profit (loss) for the period before taxes9903 | -€19,136 | €12,911 | -€9,001 | - |
| Profit (loss) for the period9904 | -€19,136 | €12,911 | -€9,001 | - |
| Profit (loss) for the period to be appropriated9905 | -€19,136 | €12,911 | -€9,001 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €133,503 | €121,588 | €98,535 | ▼ 19.0% |
| Fixed assets21/28 | €113,615 | €105,047 | €84,200 | ▼ 19.8% |
| Tangible fixed assets22/27 | €113,530 | €104,665 | €83,818 | ▼ 19.9% |
| Land and buildings22 | €65,936 | €62,116 | €50,339 | ▼ 19.0% |
| Plant, machinery and equipment23 | €46,103 | €41,391 | €32,654 | ▼ 21.1% |
| Furniture and vehicles24 | €1,492 | €1,158 | €824 | ▼ 28.8% |
| Financial fixed assets28 | €85 | €383 | €383 | = |
| Current assets29/58 | €19,887 | €16,541 | €14,335 | ▼ 13.3% |
| Stocks and contracts in progress3 | €1,112 | €1,632 | €2,132 | ▲ 30.6% |
| Stocks30/36 | €1,112 | €1,632 | €2,132 | ▲ 30.6% |
| Amounts receivable within one year40/41 | €10,431 | €4,728 | €178 | ▼ 96.2% |
| Other amounts receivable41 | €10,431 | €4,728 | €178 | ▼ 96.2% |
| Cash at bank and in hand54/58 | €8,344 | €10,180 | €12,024 | ▲ 18.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €133,503 | €121,588 | €98,535 | ▼ 19.0% |
| Equity10/15 | €5,864 | €18,775 | €9,775 | ▼ 47.9% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€19,136 | -€6,225 | -€15,226 | ▼ 145% |
| Amounts payable17/49 | €127,639 | €102,813 | €88,760 | ▼ 13.7% |
| Amounts payable after more than one year17 | €96,000 | €83,000 | €59,000 | ▼ 28.9% |
| Financial debts170/4 | €96,000 | €83,000 | €59,000 | ▼ 28.9% |
| Amounts payable within one year42/48 | €31,639 | €19,813 | €29,760 | ▲ 50.2% |
| Trade debts44 | €26,562 | €6,282 | €4,285 | ▼ 31.8% |
| Suppliers440/4 | €26,562 | €6,282 | €4,285 | ▼ 31.8% |
| Taxes, remuneration and social security45 | €4,605 | €12,615 | €24,721 | ▲ 96.0% |
| Taxes450/3 | €4,255 | €12,615 | €23,321 | ▲ 84.9% |
| Remuneration and social security454/9 | €350 | €0 | €1,400 | - |
| Other amounts payable47/48 | €471 | €916 | €755 | ▼ 17.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,136 | €12,911 | -€9,001 | - |
| + Depreciation and write-downs630 | €8,674 | €20,880 | €22,931 | ▲ 9.8% |
| Operating cash flow (approximation) | -€10,462 | €33,792 | €13,930 | ▼ 58.8% |
| Investment in fixed assets (approximation) | - | -€12,312 | -€2,084 | ▲ 83.1% |
| Change in cash | - | €1,836 | €1,844 | ▲ 0.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | micro format | 05-03-2025 | 2025-00043547 |
| 30-09-2023 | micro format | 02-10-2024 | 2024-00487724 |
| 30-09-2022 | micro format | 16-05-2023 | 2023-00092688 |
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Of the 13,716 active companies whose main activity is cafés and bars (NACE 56301), figures are known for 5,078. 3,654 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.