FINANCIAL PACT
ActiveSummary
The computed 12-month bankruptcy probability of FINANCIAL PACT is 7.9% (elevated). The 2024 annual accounts show equity of €12k and a net result of €646. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-7
Solvency29▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
7.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.92 in 2023; short-term debt: 61.5% and cash: 2.6% of total assets), and 95.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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 2024Solvency, return and age of the figures
Solvency
4.2%
Return on assets
0.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
169 d late
2022
274 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€713k
EBIT margin
0.3%
Net result
€646▼ 2.4%
2023 · €662
2022: €682
2023: €662
2022 → 2024
Working capital
€-50k▼ 154%
2023 · €-20k
2022: €-212k
2023: €-20k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€713k
Equity€11k-€11k▲ 6.2%€12k▲ 5.7%
Operating result€2k-€5k▲ 211%€2k▼ 58.6%
Net result€682-€662▼ 2.9%€646▼ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285k
Fixed assets
€159k ▼ 19.9%
Current assets
€125k ▼ 47.0%
Equity and liabilities €285k
Equity
€12k ▲ 5.7%
Debt
€273k ▼ 35.7%
Debt's share of the balance-sheet total falls from 97.4% to 95.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2023 · €53k
Cash flow
€49k=
2023 · €49k
Current ratio
0.72▼
2023 · 0.92
Quick ratio
0.67▼
2023 · 0.91
Debt to equity
22.73▼
2023 · 37.37
ROE
5.4%▼
2023 · 5.8%
ROA
0.2%▲
2023 · 0.2%
Interest coverage
37.23▲
2023 · 12.75
Debt ≤ 1 year
€175k▼
2023 · €256k
Staff costs
€241k▼
2023 · €276k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€435k€285k▼
Fixed assets21/28€199k€159k▼
Intangible fixed assets21€5k€3k▼
Tangible fixed assets22/27€194k€155k▼
Plant, machinery and equipment23€115k€93k▼
Furniture and vehicles24€68k€54k▼
Other tangible fixed assets26€11k€8k▼
Financial fixed assets28€400€400=
Current assets29/58€237k€125k▼
Stocks and contracts in progress3€5k€8k▲
Stocks30/36€5k€8k▲
Amounts receivable within one year40/41€220k€101k▼
Trade receivables40€219k€84k▼
Other amounts receivable41€1k€17k▲
Cash at bank and in hand54/58€12k€7k▼
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€435k€285k▼
Equity10/15€11k€12k▲
Contributions10/11€10k€10k=
Capital10€10k€10k=
Issued capital100€10k€10k=
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€424k€273k▼
Amounts payable within one year42/48€256k€175k▼
Trade debts44€98k€45k▼
Suppliers440/4€98k€45k▼
Taxes, remuneration and social security45€28k€16k▼
Taxes450/3€22k€16k▼
Remuneration and social security454/9€5k-
Other amounts payable47/48€131k€114k▼
Accrued charges and deferred income492/3€168k€98k▼
Income statement
Code20232024
Turnover70-€713k
Goods, raw materials, services and sundry goods60/61-€433k
Remuneration, social security and pensions62€276k€241k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€330k€293k▼
Operating profit (loss)9901€5k€2k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€662€646▼
Profit (loss) for the period9904€662€646▼
Profit (loss) for the period to be appropriated9905€662€646▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€2k▲
Profit (loss) brought forward from the previous period14P€682€1k▲
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
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 169 days late
2024
31-12
Financial
Weakest financial yearnet €646 ▼2.4%
Net result drops to €646, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 274 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2022
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.
Gulden-Vlieslaan 111050 ElseneGround area
124 m²
Building footprint
124 m²
Volume, LiDAR
1,667 m³
Parcel 21009A0416/00Y000, Brussels · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HAAGEN DAZS TOISON D OR
since 20222.328.669.496
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0416/00Y000 | Brussels | 124 m² | 1 · 124 m² | 20.4 m · 5 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 siteElsene2.328.669.496
Similar companies · same sector, comparable size
Cassonade vzw
BE 0770.702.909
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MAJOR EVENTS
BE 0891.096.834
Izegem · Eq €12,116
Diamant
BE 0816.944.391
Brugge · Eq €12,212
t Moontje
BE 0645.839.856
Ravels · Eq €12,246
NEW PROJETS
BE 0864.913.861
Florennes · Eq €12,546
Of 1,352 companies in sector 56220 we hold annual accounts for 405. 236 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
Founded03-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:bhzsensations@gmail.com