FIREAN
ActiveSummary
FIREAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€123,259) and a net result of €23,861. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 3757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+87
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.41 against 0.63 in 2024; short-term debt: 57% and cash: 30.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
-74.8%
Return on assets
14.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3757 sector peers (2025).
NBB · sector comparisonPosition among 3757 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
17 d early
2022
1 d late
2021
1 d late
2020
4 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€123,259▲ 16.2%
2024 · -€147,121
Total assets
€164,786▼ 2.9%
2024 · €169,701
Net result
€23,861
2024 · -€82,926
Working capital
€38,475
2024 · -€74,300
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€5,285€29,034▲ 449%-€47,572-€81,005▼ 70.3%€25,489
Net result€4,151€23,746▲ 472%-€51,959-€82,926▼ 59.6%€23,861
Equity-€35,982▲ 10.3%-€12,236▲ 66.0%-€64,195▼ 425%-€147,121▼ 129%-€123,259▲ 16.2%
Total assets€212,892▼ 17.4%€240,684▲ 13.1%€136,346▼ 43.4%€169,701▲ 24.5%€164,786▼ 2.9%
Debt€248,874▼ 16.4%€252,920▲ 1.6%€200,540▼ 20.7%€316,821▲ 58.0%€288,045▼ 9.1%
Working capital€57,069▼ 43.9%€73,245▲ 28.3%€15,307▼ 79.1%-€74,300€38,475
Staff (FTE)8.3=5.5▼ 33.7%6▲ 9.1%5.3▼ 11.7%4.9▼ 7.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25,489 after a loss of €81,005 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164,786
Fixed assets
€32,414 ▼ 26.2%
Current assets
€132,372 ▲ 5.3%
Key figures and ratios
EBITDA
€36,968▲
2024 · -€69,021
Cash flow
€35,341▲
2024 · -€70,942
Solvency
-74.8%▲
2024 · -86.7%
Current ratio
1.41▲
2024 · 0.63
Quick ratio
0.81▲
2024 · 0.33
Debt to equity
-2.34▼
2024 · -2.15
ROA
14.5%▲
2024 · -48.9%
Interest coverage
21.30▲
2024 · -39.58
Debt ≤ 1 year
€93,897▼
2024 · €200,057
Debt > 1 year
€194,149▲
2024 · €116,765
Income taxes
€272▲
2024 · €263
Staff costs
€221,348▼
2024 · €225,901
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
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 3,799 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 | - | €277,424 | €299,068 | €225,901 | €221,348 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,952 | €9,567 | €12,762 | €11,984 | €11,479 | ▼ 4.2% |
| Other operating charges640/8 | - | €4,882 | €3,210 | €1,377 | €1,388 | ▲ 0.8% |
| Gross operating margin9900 | €80,034 | €320,907 | €267,468 | €158,257 | €259,705 | ▲ 64.1% |
| Operating profit (loss)9901 | €5,285 | €29,034 | -€47,572 | -€81,005 | €25,489 | ▲ 131% |
| Financial income75/76B | - | €18 | €171 | €86 | €380 | ▲ 344% |
| Recurring financial income75 | €195 | €18 | €171 | €86 | €380 | ▲ 344% |
| Financial charges65/66B | - | €5,095 | €4,307 | €1,744 | €1,736 | ▼ 0.5% |
| Recurring financial charges65 | €1,117 | €5,095 | €4,307 | €1,744 | €1,736 | ▼ 0.5% |
| Profit (loss) for the period before taxes9903 | €4,363 | €23,958 | -€51,708 | -€82,663 | €24,133 | ▲ 129% |
| Income taxes67/77 | €212 | €212 | €251 | €263 | €272 | ▲ 3.3% |
| Profit (loss) for the period9904 | €4,151 | €23,746 | -€51,959 | -€82,926 | €23,861 | ▲ 129% |
| Profit (loss) for the period to be appropriated9905 | €4,151 | €23,746 | -€51,959 | -€82,926 | €23,861 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,892 | €240,684 | €136,346 | €169,701 | €164,786 | ▼ 2.9% |
| Fixed assets21/28 | €24,199 | €15,805 | €22,729 | €43,944 | €32,414 | ▼ 26.2% |
| Tangible fixed assets22/27 | €24,149 | €15,755 | €22,679 | €43,894 | €32,414 | ▼ 26.2% |
| Plant, machinery and equipment23 | - | €12,635 | €20,859 | €41,629 | €31,846 | ▼ 23.5% |
| Furniture and vehicles24 | - | €3,119 | €1,820 | €2,264 | €569 | ▼ 74.9% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | - | - |
| Current assets29/58 | €188,693 | €224,880 | €113,616 | €125,757 | €132,372 | ▲ 5.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €50 | - |
| Other amounts receivable291 | - | - | - | - | €50 | - |
| Stocks and contracts in progress3 | €52,664 | €54,306 | €64,130 | €58,754 | €56,151 | ▼ 4.4% |
| Stocks30/36 | - | €54,306 | €64,130 | €58,754 | €56,151 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €8,672 | €5,986 | €4,365 | €3,570 | €9,576 | ▲ 168% |
| Trade receivables40 | - | €3,345 | €3,223 | €3,011 | €7,413 | ▲ 146% |
| Other amounts receivable41 | - | €2,640 | €1,142 | €558 | €2,163 | ▲ 287% |
| Current investments50/53 | €10,023 | €10,023 | €10,023 | €10,023 | €10,023 | = |
| Cash at bank and in hand54/58 | €107,513 | €140,098 | €13,869 | €40,189 | €49,524 | ▲ 23.2% |
| Deferred charges and accrued income490/1 | - | €14,467 | €21,230 | €13,222 | €7,048 | ▼ 46.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,892 | €240,684 | €136,346 | €169,701 | €164,786 | ▼ 2.9% |
| Equity10/15 | -€35,982 | -€12,236 | -€64,195 | -€147,121 | -€123,259 | ▲ 16.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €25,030 | €25,030 | €25,030 | €25,030 | €25,030 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €18,830 | €18,830 | €18,830 | €18,830 | = |
| Profit (loss) carried forward14 | -€123,012 | -€99,266 | -€151,224 | -€234,151 | -€210,289 | ▲ 10.2% |
| Amounts payable17/49 | €248,874 | €252,920 | €200,540 | €316,821 | €288,045 | ▼ 9.1% |
| Amounts payable after more than one year17 | €117,250 | €101,285 | €102,230 | €116,765 | €194,149 | ▲ 66.3% |
| Financial debts170/4 | - | €96,450 | €97,395 | €111,930 | €189,314 | ▲ 69.1% |
| Other amounts payable178/9 | - | €4,835 | €4,835 | €4,835 | €4,835 | = |
| Amounts payable within one year42/48 | €131,624 | €151,635 | €98,310 | €200,057 | €93,897 | ▼ 53.1% |
| Current portion of amounts payable after more than one year42 | - | - | €18,678 | €5,646 | €17,495 | ▲ 210% |
| Financial debts43 | - | €50,000 | - | - | - | - |
| Credit institutions430/8 | - | €50,000 | - | - | - | - |
| Trade debts44 | €37,557 | €34,304 | €21,415 | €73,058 | €30,080 | ▼ 58.8% |
| Suppliers440/4 | - | €34,304 | €21,415 | €73,058 | €30,080 | ▼ 58.8% |
| Taxes, remuneration and social security45 | - | €43,944 | €49,175 | €37,225 | €37,371 | ▲ 0.4% |
| Taxes450/3 | - | €5,958 | €5,061 | €4,909 | €6,474 | ▲ 31.9% |
| Remuneration and social security454/9 | - | €37,986 | €44,113 | €32,316 | €30,897 | ▼ 4.4% |
| Other amounts payable47/48 | - | €23,387 | €9,042 | €84,128 | €8,950 | ▼ 89.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,151 | €23,746 | -€51,959 | -€82,926 | €23,861 | ▲ 129% |
| + Depreciation and write-downs630 | €10,952 | €9,567 | €12,762 | €11,984 | €11,479 | ▼ 4.2% |
| Operating cash flow (approximation) | €15,104 | €33,313 | -€39,197 | -€70,942 | €35,341 | ▲ 150% |
| Investment in fixed assets (approximation) | - | -€1,172 | -€19,686 | -€33,199 | €50 | ▲ 100% |
| Change in cash | - | €32,585 | -€126,229 | €26,320 | €9,335 | ▼ 64.5% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €23,861
Net result €23,861 after 2 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 1.41
Current ratio from 0.63 to 1.41; short-term debt falls from €200,057 to €93,897.
26-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€82,926
Net result drops to -€82,926, the lowest in the series; recovery starts the following year.
14-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
30-06
Financial
Back to profitnet €4,151
Net result €4,151 after 2 loss-making years.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Antwerpen · 1 establishment unit since 2002
Ground area
489 m²
Building footprint
407 m²
Volume, LiDAR
4,543 m³
2 parcels, Flanders · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RESTAURANT MINERVA
since 20022.115.618.894
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1554/00F006 | Flanders | 295 m² | 1 · 179 m² | 19.9 m · 6 fl. |
| 11810K1554/00H007 | Flanders | 195 m² | 1 · 228 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteAntwerpen2.115.618.894
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 963 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-10-2002
Fiscal year end30-06
Trade name NL
HOTEL FIREAN - RESTAURANT MINERVA
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478521289
Also
9925:BE0478521289
Registered
10-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.