FBOE
ActiveThe file of FBOE contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€1.9m) and a net result of -€634,426. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 3757 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.27 in 2024; short-term debt: 76.4% and cash: 1.1% of total assets), and equity is negative.
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Signals
Eight 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-127.9%
Return on assets
-43.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€1.9m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
214 d late
2020
117 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€634,426▼ 10.4%
2024 · -€574,639
Working capital
-€873,862▼ 31.1%
2024 · -€666,671
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€26,685▼ 448%€39,839-€739,934-€548,019▲ 25.9%-€609,612▼ 11.2%
Net result€3,334€17,582▲ 427%-€773,490-€574,639▲ 25.7%-€634,426▼ 10.4%
Equity€101,714▲ 3.4%€119,296▲ 17.3%-€654,194-€1.2m▼ 87.8%-€1.9m▼ 51.6%
Total assets€2.2m▼ 0.7%€2.1m▼ 5.6%€1.9m▼ 9.6%€1.7m▼ 11.4%€1.5m▼ 12.5%
Debt€2.1m▼ 0.9%€2.0m▼ 6.7%€2.5m▲ 29.2%€2.9m▲ 14.2%€3.3m▲ 14.7%
Working capital-€1.6m▲ 11.0%-€1.1m▲ 34.0%-€501,024▲ 53.7%-€666,671▼ 33.1%-€873,862▼ 31.1%
Staff (FTE)18▲ 26.8%19.6▲ 8.9%20.2▲ 3.1%18.9▼ 6.4%14.8▼ 21.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €609,612 in 2025 against €548,019 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▼ 14.4%
Current assets
€238,661 ▼ 1.5%
Key figures and ratios
EBITDA
-€404,417▼
2024 · -€342,627
Cash flow
-€429,231▼
2024 · -€369,248
Solvency
-127.9%▼
2024 · -73.8%
Current ratio
0.21▼
2024 · 0.27
Quick ratio
0.03▼
2024 · 0.03
Debt to equity
-1.78▲
2024 · -2.36
ROA
-43.6%▼
2024 · -34.5%
Interest coverage
-16.30▼
2024 · -12.87
Debt ≤ 1 year
€1.1m▲
2024 · €908,993
Debt > 1 year
€2.2m▲
2024 · €1.9m
Staff costs
€745,859▼
2024 · €907,667
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 561 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 86% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.1%
went bankrupt
4.6%
stopped otherwise
86%
still going
A further 2.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 561 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €417,539 | €798,858 | €963,887 | €907,667 | €745,859 | ▼ 17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €202,841 | €202,935 | €205,391 | €205,195 | ▼ 0.1% |
| Other operating charges640/8 | €2,809 | €1,755 | €4,230 | €2,263 | €8,970 | ▲ 296% |
| Non-recurring operating charges66A | €484 | - | - | - | - | - |
| Gross operating margin9900 | €394,147 | €1.0m | €431,119 | €567,302 | €350,412 | ▼ 38.2% |
| Operating profit (loss)9901 | -€26,685 | €39,839 | -€739,934 | -€548,019 | -€609,612 | ▼ 11.2% |
| Financial income75/76B | €36,500 | - | €1,643 | - | - | - |
| Recurring financial income75 | €36,500 | - | €1,643 | - | - | - |
| Financial charges65/66B | €6,481 | €22,257 | €35,200 | €26,620 | €24,814 | ▼ 6.8% |
| Recurring financial charges65 | €6,481 | €22,257 | €35,200 | €26,620 | €24,814 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €3,334 | €17,582 | -€773,490 | -€574,639 | -€634,426 | ▼ 10.4% |
| Profit (loss) for the period9904 | €3,334 | €17,582 | -€773,490 | -€574,639 | -€634,426 | ▼ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €3,334 | €17,582 | -€773,490 | -€574,639 | -€634,426 | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 12.5% |
| Formation expenses20 | €2,802 | €2,241 | €1,681 | €1,121 | €560 | ▼ 50.0% |
| Fixed assets21/28 | €2.0m | €1.8m | €1.6m | €1.4m | €1.2m | ▼ 14.4% |
| Intangible fixed assets21 | €400,000 | €360,000 | €320,000 | €280,000 | €240,000 | ▼ 14.3% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.3m | €1.1m | €976,793 | ▼ 14.4% |
| Plant, machinery and equipment23 | €1.6m | €1.4m | €1.3m | €1.1m | €966,986 | ▼ 14.3% |
| Furniture and vehicles24 | €3,449 | €2,300 | €3,766 | €5,820 | €4,162 | ▼ 28.5% |
| Other tangible fixed assets26 | - | - | €1,076 | €7,072 | €5,645 | ▼ 20.2% |
| Financial fixed assets28 | - | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €196,990 | €267,030 | €263,116 | €242,321 | €238,661 | ▼ 1.5% |
| Stocks and contracts in progress3 | €166,815 | €214,950 | €221,760 | €213,260 | €204,810 | ▼ 4.0% |
| Stocks30/36 | €166,815 | €214,950 | €221,760 | €213,260 | €204,810 | ▼ 4.0% |
| Amounts receivable within one year40/41 | €14,555 | €19,392 | €8,312 | €3,064 | €16,011 | ▲ 423% |
| Trade receivables40 | €12,728 | €17,133 | €4,274 | €0 | €1,664 | - |
| Other amounts receivable41 | €1,827 | €2,260 | €4,039 | €3,064 | €14,347 | ▲ 368% |
| Cash at bank and in hand54/58 | €15,619 | €29,722 | €29,275 | €24,020 | €15,621 | ▼ 35.0% |
| Deferred charges and accrued income490/1 | - | €2,966 | €3,769 | €1,977 | €2,220 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €1.9m | €1.7m | €1.5m | ▼ 12.5% |
| Equity10/15 | €101,714 | €119,296 | -€654,194 | -€1.2m | -€1.9m | ▼ 51.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | €1,714 | €19,296 | -€754,194 | -€1.3m | -€2.0m | ▼ 47.7% |
| Amounts payable17/49 | €2.1m | €2.0m | €2.5m | €2.9m | €3.3m | ▲ 14.7% |
| Amounts payable after more than one year17 | €159,371 | €548,537 | €1.7m | €1.9m | €2.2m | ▲ 13.5% |
| Financial debts170/4 | €159,371 | €548,537 | €1.7m | €1.9m | €2.2m | ▲ 13.5% |
| Amounts payable within one year42/48 | €1.8m | €1.4m | €764,140 | €908,993 | €1.1m | ▲ 22.4% |
| Trade debts44 | €121,115 | €170,432 | €228,505 | €250,700 | €192,781 | ▼ 23.1% |
| Suppliers440/4 | €121,115 | €170,432 | €228,505 | €250,700 | €192,781 | ▼ 23.1% |
| Taxes, remuneration and social security45 | €361,263 | €461,028 | €535,635 | €653,553 | €910,600 | ▲ 39.3% |
| Taxes450/3 | €64,252 | €67,978 | €95,073 | €178,645 | €300,021 | ▲ 67.9% |
| Remuneration and social security454/9 | €297,010 | €393,051 | €440,562 | €474,908 | €610,579 | ▲ 28.6% |
| Other amounts payable47/48 | €1.4m | €718,593 | - | €4,740 | €9,142 | ▲ 92.9% |
| Accrued charges and deferred income492/3 | €103,807 | €62,284 | €40,442 | €40,442 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,334 | €17,582 | -€773,490 | -€574,639 | -€634,426 | ▼ 10.4% |
| + Depreciation and write-downs630 | - | €202,841 | €202,935 | €205,391 | €205,195 | ▼ 0.1% |
| Operating cash flow (approximation) | €3,334 | €220,424 | -€570,555 | -€369,248 | -€429,231 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | -€10,291 | -€7,364 | -€11,891 | -€560 | ▲ 95.3% |
| Change in cash | - | €14,102 | -€447 | -€5,255 | -€8,399 | ▼ 59.8% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-04
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 08-04-2026
2025
16-12
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 09-12-2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€773,490
Net result drops to -€773,490, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 214 days late
2022
31-12
Financial
Highest result since 2020net €17,582 ▲427%
Operating result €39,839, net result €17,582, both a record.
2021
31-12
Financial
Back to profitnet €3,334
Net result €3,334 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €101,714 ▲3.4%
Equity rises from €98,380 to €101,714.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 117 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2019
Ground area
250 m²
Building footprint
153 m²
Volume, LiDAR
1,736 m³
Parcel 21808H1637/00E000, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
L'ecailler du palais Royal Brussels
since 20192.289.733.401
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1637/00E000 | Brussels | 250 m² | 1 · 153 m² | 16.2 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.289.733.401
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,373 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2019
Fiscal year end31-12
Abbreviation FR
EPR BRUSSELS
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726950068
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.