Equity
FIRST OPERA has made a profit without a break since 2009.
FIRST OPERA has made a profit without a break since 2009.
The result rose in 2025 from €106,525 to €163,778.
The accounts state no turnover.
Between 2009 and 2025, 51% of the full-time equivalents disappeared.
Six of the last ten came late. The 2019 accounts came latest: 42 days after the end of the period.
Higher solvency than 95% of companies in food and beverage service. Sector median 29.8% · 4,125 companies.
In July 2024, 20,135 companies had the same profile as FIRST OPERA has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,135 companies, not a prediction for FIRST OPERA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| FIRST OPERA Waterloo | €3.1m | €1.0m | 93.8% | - |
| AMAJ Kinrooi | €3.2m | €1.0m | 52.2% | 16.5 |
| MARC NÜCHTERN CATERING SERVICE Eupen | €3.4m | €0.8m | 49.7% | 36.9 |
| AUX 3 FORTUNES Bornem | €3.3m | €1.3m | 49.9% | 11.5 |
| TEN BOSSE Destelbergen | €2.6m | €0.9m | 75.2% | 9 |
| ADA-GIO Beersel | €3.3m | €1.2m | 80.8% | 6 |
| DKLJ Knokke-Heist | €3.1m | €1.4m | 89.0% | 12.6 |
These companies have the same main activity as FIRST OPERA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €2.6m and €3.4m, founded between 1998 and 2007.
FIRST OPERA files the abbreviated format. That format states no turnover. The gross margin rose from €813,301 in 2006 to €984,750 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.4m. Estimated: probably between €2.2m and €3.4m.
Higher than 95% of 4,125 companies in 2025.
Higher than 95% of 4,069 companies in 2025.
Higher than 55% of 4,086 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 11 people joined and 13 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
3.1m | 3.0m | 2.8m | 2.8m | 2.8m | 2.5m | 2.7m | 2.6m | 2.2m | 1.9m | 1.7m | 1.6m | 1.6m | 1.6m | 1.8m | 2.1m | 1.9m | 2.1m | 1.6m | 1.4m | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
117,838 | 147,685 | 150,053 | 192,152 | 244,398 | 274,419 | 338,498 | 418,368 | 81,522 | 105,296 | 128,021 | 173,436 | 226,741 | 314,751 | 471,526 | 942,111 | 1.1m | 1.2m | 521,091 | 461,857 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | - | 3,334 | 6,667 | - | - | - | - | - | - | - | |
22/27 |
116,393 | 146,240 | 148,608 | 187,493 | 239,740 | 269,760 | 333,839 | 413,709 | 76,863 | 100,637 | 123,362 | 165,443 | 215,415 | 314,593 | 471,368 | 616,953 | 775,629 | 904,330 | 521,091 | 461,857 | |
22 |
104,976 | 134,865 | 131,996 | 159,042 | 190,984 | 228,664 | 269,226 | 318,049 | 28,216 | 54,425 | 84,678 | 134,453 | 189,562 | 245,032 | 351,828 | 459,511 | 546,525 | 635,978 | 417,264 | 352,927 | |
23 |
4,090 | 9,548 | 13,311 | 18,365 | 28,735 | 16,699 | 32,537 | 43,514 | 35,447 | 26,490 | 28,345 | 27,135 | 19,093 | 40,432 | 62,769 | 84,302 | 122,201 | 153,098 | 67,374 | 64,111 | |
24 |
7,326 | 1,828 | 3,300 | 10,087 | 20,020 | 24,398 | 32,075 | 52,146 | 13,200 | 19,722 | 10,339 | 3,855 | 6,759 | 29,129 | 56,771 | 73,140 | 106,903 | 115,254 | 36,452 | 44,820 | |
26 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
1,445 | 1,445 | 1,445 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 4,659 | 159 | 159 | 325,159 | 325,159 | 325,159 | - | - | |
29/58 |
3.0m | 2.8m | 2.7m | 2.6m | 2.5m | 2.2m | 2.3m | 2.2m | 2.1m | 1.8m | 1.6m | 1.4m | 1.4m | 1.3m | 1.3m | 1.2m | 837,296 | 867,864 | 1.0m | 942,302 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
352,350 | 258,287 | 257,551 | 247,051 | 240,326 | 239,439 | 194,243 | 234,941 | 201,866 | 176,977 | 176,977 | 182,185 | 182,185 | 220,612 | 242,915 | 215,241 | 240,825 | 254,102 | 147,118 | 116,822 | |
30/36 |
352,350 | 258,287 | 257,551 | 247,051 | 240,326 | 239,439 | 194,243 | 234,941 | 201,866 | 176,977 | 176,977 | 182,185 | 182,185 | 220,612 | 242,915 | 215,241 | 240,825 | 254,102 | 147,118 | 116,822 | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
1.5m | 1.4m | 490,744 | 506,887 | 487,161 | 515,950 | 511,660 | 501,658 | 644,913 | 749,554 | 740,673 | 489,902 | 325,462 | 268,349 | 195,423 | 13,409 | 62,974 | 64,293 | 10,128 | 4,051 | |
40 |
23,857 | 26,423 | 9,751 | 17,855 | 13,780 | 40,729 | 16,246 | 9,943 | 33,798 | 11,545 | 14,231 | 16,782 | 49,861 | 64,229 | 151,313 | 10,324 | 60,763 | 62,029 | 7,856 | 557 | |
41 |
1.5m | 1.4m | 480,992 | 489,033 | 473,381 | 475,221 | 495,415 | 491,716 | 611,115 | 738,009 | 726,442 | 473,119 | 275,602 | 204,121 | 44,110 | 3,085 | 2,211 | 2,264 | 2,272 | 3,494 | |
50/53 |
960,052 | 1.0m | 1.7m | 1.5m | 1.4m | 1.2m | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
108,874 | 151,769 | 225,005 | 339,134 | 359,016 | 323,616 | 1.6m | 1.5m | 1.3m | 898,363 | 663,088 | 716,612 | 879,237 | 804,072 | 893,690 | 938,897 | 521,392 | 542,316 | 890,716 | 821,068 | |
490/1 |
7,150 | 3,635 | 6,677 | 7,687 | 2,693 | 3,476 | - | 0 | - | - | - | 1,946 | 9,415 | 7,985 | 9,323 | 9,188 | 12,106 | 7,153 | 368 | 361 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
3.1m | 3.0m | 2.8m | 2.8m | 2.8m | 2.5m | 2.7m | 2.6m | 2.2m | 1.9m | 1.7m | 1.6m | 1.6m | 1.6m | 1.8m | 2.1m | 1.9m | 2.1m | 1.6m | 1.4m | |
10/15 |
2.9m | 2.7m | 2.6m | 2.4m | 2.1m | 2.0m | 1.9m | 1.3m | 1.2m | 921,908 | 827,229 | 868,141 | 735,642 | 660,746 | 543,908 | 764,616 | 663,545 | 550,155 | 602,850 | 507,269 | |
10/11 |
124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | |
10 |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | - | 0 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | 124,000 | |
101 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
11 |
124,000 | 124,000 | 124,000 | 124,000 | 124,000 | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
124,000 | 124,000 | 124,000 | 124,000 | 124,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
2.8m | 2.6m | 2.5m | 2.2m | 2.0m | 1.8m | 1.8m | 1.2m | 1.1m | 797,229 | 703,229 | 743,900 | 611,642 | 536,746 | 419,908 | 640,616 | 539,545 | 478,850 | 478,850 | 383,269 | |
130/1 |
49,900 | 49,900 | 49,900 | 49,900 | 49,900 | 49,900 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | |
130 |
- | - | - | - | 0 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 17,288 | |
1311 |
49,900 | 49,900 | 49,900 | 49,900 | 49,900 | 37,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | |
132 |
- | - | - | - | - | 0 | 100,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
2.7m | 2.5m | 2.4m | 2.2m | 1.9m | 1.8m | 1.6m | 1.2m | 1.0m | 747,329 | 653,329 | 694,000 | 561,742 | 486,846 | 370,008 | 590,716 | 489,645 | 428,950 | 428,950 | 328,480 | |
14 |
2,052 | 8,274 | 4,083 | 1,668 | 1,105 | 1,105 | 207 | 380 | 615 | 679 | - | 241 | - | - | - | - | - | -52,695 | - | - | |
15 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | 0 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 80,000 | 30,000 | 35,000 | 35,000 | - | - | - | - | |
160/5 |
- | - | - | 0 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 80,000 | 30,000 | 35,000 | 35,000 | - | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | 0 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
191,951 | 232,735 | 204,455 | 409,598 | 499,047 | 393,710 | 604,500 | 1.2m | 849,838 | 858,282 | 731,530 | 545,939 | 807,398 | 925,024 | 1.2m | 1.3m | 1.3m | 1.5m | 966,571 | 896,890 | |
17 |
4,500 | 4,500 | 4,500 | 4,500 | 58,814 | 130,219 | 200,484 | 269,625 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | - | - | - | - | - | - | 273,616 | |
170/4 |
- | - | - | 0 | 54,314 | 125,719 | 195,984 | 265,125 | - | - | - | - | - | - | - | - | - | - | - | 254,302 | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | - | - | - | - | - | - | 19,314 | |
42/48 |
187,451 | 228,235 | 199,955 | 405,098 | 440,233 | 263,491 | 404,016 | 884,671 | 845,338 | 846,182 | 727,030 | 541,086 | 802,548 | 924,792 | 1.2m | 1.3m | 1.3m | 1.5m | 943,132 | 599,836 | |
42 |
- | - | 0 | 54,314 | 71,405 | 70,264 | 69,141 | 68,036 | - | - | - | 5,644 | 71,108 | 135,615 | 201,145 | 261,153 | 74,029 | 128,210 | 197,674 | 2,200 | |
43 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 327,418 | - | - | 132 | 2,016 | 24,520 | - | 35,400 | |
430/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 327,418 | - | - | 132 | 2,016 | 24,520 | - | 23,944 | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | 11,456 | |
44 |
59,304 | 98,603 | 81,267 | 238,538 | 128,027 | 34,516 | 142,616 | 393,276 | 182,865 | 249,787 | 235,237 | 358,934 | - | 553,110 | 492,050 | 439,203 | 228,277 | 453,391 | 143,534 | 230,837 | |
440/4 |
59,304 | 98,603 | 81,267 | 238,538 | 128,027 | 34,516 | 142,616 | 393,276 | 182,865 | 249,787 | 235,237 | 358,934 | - | 553,110 | 492,050 | 439,203 | 228,277 | 453,391 | 143,534 | 230,837 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | 2,050 | - | - | 2,500 | - | |
45 |
128,147 | 96,111 | 67,167 | 97,765 | 187,811 | 116,549 | 171,501 | 274,525 | 219,447 | 190,544 | 230,220 | 173,861 | 132,197 | 168,497 | 205,833 | 220,006 | 175,714 | 109,823 | 181,640 | 108,265 | |
450/3 |
42,797 | 24,262 | 67,167 | 64,649 | 115,731 | 95,247 | 121,510 | 214,633 | 155,470 | 136,668 | 172,596 | 88,973 | 60,752 | 87,740 | 70,099 | 99,611 | 62,367 | 32,812 | 155,625 | 72,246 | |
454/9 |
85,350 | 71,849 | 0 | 33,116 | 72,080 | 21,302 | 49,991 | 59,892 | 63,976 | 53,876 | 57,624 | 84,888 | 71,444 | 80,756 | 135,734 | 120,395 | 113,347 | 77,011 | 26,015 | 36,020 | |
47/48 |
0 | 33,521 | 51,521 | 14,481 | 52,990 | 42,162 | 20,758 | 148,833 | 443,026 | 405,852 | 261,572 | 2,648 | 271,826 | 67,570 | 334,942 | 335,112 | 777,753 | 830,362 | 417,784 | 223,133 | |
492/3 |
- | - | - | - | - | - | 0 | 2,426 | - | 7,600 | - | 353 | 350 | 232 | - | 61,576 | 16,750 | 892 | 23,438 | 23,438 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 1,287 | - | 25,000 | - | - | - | - | - | |
9900 |
984,750 | 1.0m | 1.0m | 765,340 | 700,889 | 511,731 | 1.6m | 1.4m | 1.4m | 1.3m | 1.2m | 1.3m | 1.3m | 1.4m | 1.5m | 1.3m | 1.2m | 683,310 | 803,672 | 813,301 | |
62 |
776,426 | 794,582 | 608,407 | 518,299 | 402,297 | 336,257 | 794,711 | 911,831 | 791,717 | 840,263 | 910,312 | 892,006 | 898,213 | 1.0m | 889,935 | 866,644 | 868,790 | 630,105 | 496,266 | 492,806 | |
630 |
45,814 | 41,269 | 44,313 | 52,246 | 62,155 | 65,911 | 70,568 | 55,220 | 62,954 | 71,956 | 71,612 | 74,712 | 123,414 | 172,444 | 184,185 | 196,948 | 195,709 | 118,287 | 116,528 | 101,506 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | 19,699 | - | - | - | - | |
635/8 |
- | - | 0 | -150,000 | - | - | - | 0 | - | - | - | 70,000 | 50,000 | -5,000 | - | 35,000 | - | - | - | - | |
640/8 |
4,233 | 37,563 | 12,186 | 5,978 | 3,151 | 3,876 | 5,684 | 168,266 | 6,193 | 9,185 | 3,584 | 9,713 | 8,541 | 6,316 | 6,997 | 5,187 | 4,263 | 8,449 | 2,906 | 3,793 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | - | - | - | 4,102 | - | - | - | - | - | - | - | |
9901 |
158,277 | 150,222 | 346,079 | 338,817 | 233,285 | 105,687 | 778,557 | 227,859 | 556,069 | 332,856 | 234,744 | 204,227 | 218,885 | 182,896 | 391,297 | 199,361 | 153,196 | -73,531 | 187,972 | 215,197 | |
75/76B |
47,660 | 61 | 541 | 77 | 738 | 3,929 | 394 | 249 | 742 | 14,992 | 8,609 | 826 | 1,481 | 11,442 | 3,950 | 5,353 | 3,392 | 15,604 | 12,578 | 7,342 | |
75 |
47,660 | 61 | 541 | 77 | 738 | 3,929 | 394 | 249 | 742 | 14,992 | 8,609 | 826 | 1,481 | 11,442 | 3,950 | 5,353 | 3,392 | 15,604 | 12,578 | 7,342 | |
76B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
5,162 | 5,322 | 4,751 | 6,575 | 30,395 | 6,419 | 6,603 | 3,552 | 1,029 | 2,663 | 1,188 | 1,768 | 10,274 | 7,662 | 11,945 | 45,741 | 25,369 | 13,954 | 14,010 | 23,173 | |
65 |
5,162 | 5,322 | 4,751 | 6,575 | 30,395 | 6,419 | 6,603 | 3,552 | 1,029 | 2,663 | 1,188 | 1,768 | 10,274 | 7,662 | 11,945 | 45,741 | 25,369 | 13,954 | 14,010 | 23,173 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
200,775 | 144,960 | 341,868 | 332,319 | 203,629 | 103,197 | 772,348 | 224,557 | 555,782 | 345,185 | 242,165 | 203,285 | 207,277 | 186,676 | 408,301 | 158,972 | 131,218 | -71,881 | 186,540 | 199,366 | |
67/77 |
36,997 | 38,435 | 99,454 | 82,756 | 49,292 | 45,300 | 200,520 | 68,792 | 143,845 | 100,507 | 83,076 | 70,786 | 32,381 | 69,838 | 29,009 | 57,901 | 17,828 | -19,186 | 90,959 | 58,965 | |
9904 |
163,778 | 106,525 | 242,415 | 249,563 | 154,336 | 57,898 | 571,828 | 155,764 | 411,937 | 244,679 | 159,088 | 132,499 | 174,896 | 116,837 | 379,292 | 101,071 | 113,390 | -52,695 | 95,582 | 140,401 | |
789 |
- | - | - | - | 0 | 100,000 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | 0 | 100,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
163,778 | 106,525 | 242,415 | 249,563 | 154,336 | 157,898 | 471,828 | 155,764 | 411,937 | 244,679 | 159,088 | 132,499 | 174,896 | 116,837 | 379,292 | 101,071 | 113,390 | -52,695 | 95,582 | 140,401 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
172,052 | 110,608 | 244,083 | 250,668 | 155,442 | 158,105 | 472,207 | 156,380 | 412,615 | 244,679 | 159,329 | 132,499 | 174,896 | 116,837 | 379,292 | 101,071 | 60,695 | -52,695 | 95,582 | 140,401 | |
14P |
8,274 | 4,083 | 1,668 | 1,105 | 1,105 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | 0 | - | - | 40,671 | - | - | - | 300,000 | - | - | - | - | - | |
691/2 |
170,000 | 102,334 | 240,000 | 249,000 | 154,336 | 157,000 | 472,000 | 156,000 | 262,000 | 94,000 | - | 132,258 | 74,896 | 116,837 | 79,292 | 101,071 | 60,695 | - | 95,582 | 140,401 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | 7,020 | |
6921 |
170,000 | 102,334 | 240,000 | 249,000 | 154,336 | 157,000 | 472,000 | 156,000 | 262,000 | 94,000 | - | 132,258 | 74,896 | 116,837 | 79,292 | 101,071 | 60,695 | - | 95,582 | 133,381 | |
694/7 |
- | - | - | - | - | - | - | 0 | 150,000 | 150,000 | 200,000 | - | 100,000 | - | 600,000 | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | 0 | - | 150,000 | 200,000 | - | - | - | 300,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 0 | 150,000 | - | - | - | 100,000 | - | 300,000 | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
13.9 | 16.5 | 13.8 | 12.9 | 13.5 | 13.7 | 20.3 | 25.3 | 22.3 | 22.3 | 23.7 | 26 | 27 | 26.5 | 26.6 | 26.9 | 28.2 | 21.4 | 18.9 | 19.5 | |
Hours worked1013 |
20,824 | 24,718 | 22,329 | 20,177 | 14,547 | 13,180 | 32,471 | 391,189 | 36,549 | 36,549 | 38,535 | 38,215 | 38,867 | 44,730 | 43,453 | 43,883 | 46,581 | 33,188 | 30,495 | 30,451 | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486260.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00486260 | |
| 31-12-2024 | abbreviated format | 23-06-2025 | 2025-00172785 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00316537 | |
| 31-12-2022 | abbreviated format | 11-07-2023 | 2023-00230184 | |
| 31-12-2021 | abbreviated format | 08-08-2022 | 2022-20279354 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-60500183 | |
| 31-12-2019 | full format | 11-09-2020 | 2020-53000434 | |
| 31-12-2018 | full format | 25-06-2019 | 2019-22700457 | |
| 31-12-2017 | full format | 30-08-2018 | 2018-54600394 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-48600063 | |
| 31-12-2015 | full format | 29-09-2016 | 2016-62900264 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-50400193 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-48100044 | |
| 31-12-2012 | full format | 21-08-2013 | 2013-44100130 | |
| 31-12-2011 | full format | 28-08-2012 | 2012-49100532 | |
| 31-12-2010 | full format | 31-08-2011 | 2011-52100144 | |
| 31-12-2009 | full format | 06-07-2010 | 2010-27000120 | |
| 31-12-2008 | full format | 30-06-2009 | 2009-33700083 | |
| 31-12-2007 | full format | 29-08-2008 | 2008-68900022 | |
| 31-12-2006 | full format | 31-07-2007 | 2007-52300024 | |
| 31-12-2005 | full format | 13-09-2006 | 2006-78203417 | |
| 31-12-2004 | full format | 04-07-2005 | 2005-41101653 | |
| 31-12-2003 | full format | 19-07-2004 | 2004-47503364 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 204,091 | 191,491 | 390,392 | 391,064 | 295,441 | 171,598 | 849,125 | 283,079 | 619,023 | 404,812 | 306,356 | 278,939 | 342,299 | 355,340 | 575,481 | 396,309 | 348,904 | 44,756 | 304,500 | 316,702 | ||
| 209,593 | 147,794 | 286,728 | 301,809 | 216,492 | 123,809 | 642,395 | 210,984 | 474,891 | 316,635 | 230,700 | 207,211 | 298,311 | 289,282 | 563,477 | 298,020 | 309,099 | 65,592 | 212,110 | 241,907 | ||
| 15,967 | 38,902 | 6,827 | 0 | 32,135 | 1,833 | 17,224 | 392,066 | 39,180 | 49,231 | 26,197 | 21,407 | 40,728 | 15,669 | 38,600 | 38,272 | 67,007 | 826,685 | 175,762 | 28,707 | ||
| -42,894 | -73,237 | -114,128 | -19,882 | 35,400 | -1.3m | 130,172 | 235,982 | 357,018 | 235,275 | -53,523 | -162,625 | 75,165 | -89,618 | -45,207 | 417,505 | -20,924 | -348,400 | 69,648 | - | ||
| 2.8m | 2.6m | 2.5m | 2.2m | 2.1m | 2.0m | 1.9m | 1.3m | 1.3m | 978,712 | 853,708 | 849,558 | 593,752 | 376,226 | 107,382 | -80,919 | -420,493 | -678,442 | 105,198 | 342,466 | ||
| 93.8% | 92.1% | 92.8% | 85.3% | 76.6% | 78.4% | 71.7% | 50.6% | 54.2% | 47.8% | 48.4% | 55.5% | 45.3% | 40.9% | 30.0% | 36.1% | 34.2% | 26.2% | 38.4% | 36.1% | ||
| 15.79 | 12.30 | 13.35 | 6.40 | 5.74 | 8.50 | 5.76 | 2.52 | 2.49 | 2.16 | 2.17 | 2.57 | 1.74 | 1.41 | 1.09 | 0.94 | 0.67 | 0.56 | 1.11 | 1.57 | ||
| 13.91 | 11.17 | 12.07 | 5.79 | 5.20 | 7.59 | 5.28 | 2.25 | 2.25 | 1.95 | 1.93 | 2.23 | 1.51 | 1.17 | 0.89 | 0.76 | 0.47 | 0.40 | 0.96 | 1.38 | ||
| 0.07 | 0.09 | 0.08 | 0.17 | 0.23 | 0.20 | 0.32 | 0.86 | 0.72 | 0.93 | 0.88 | 0.63 | 1.10 | 1.40 | 2.27 | 1.73 | 1.92 | 2.81 | 1.60 | 1.77 | ||
| 5.7% | 3.9% | 9.3% | 10.5% | 7.3% | 2.9% | 29.9% | 11.6% | 34.8% | 26.5% | 19.2% | 15.3% | 23.8% | 17.7% | 69.7% | 13.2% | 17.1% | -9.6% | 15.9% | 27.7% | ||
| 5.3% | 3.6% | 8.6% | 9.0% | 5.6% | 2.3% | 21.4% | 5.9% | 18.9% | 12.7% | 9.3% | 8.5% | 10.8% | 7.2% | 20.9% | 4.8% | 5.9% | -2.5% | 6.1% | 10.0% | ||
| 39.54 | 35.98 | 82.16 | 59.47 | 9.72 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 17 | 22 | 16 | 13 |
| full-time | 10 | 12 | 16 | 13 | 11 |
| part-time | 5 | 5 | 6 | 3 | 2 |
| in full-time equivalents | 13.1 | 15 | 19.6 | 14.9 | 12.3 |
| 13.9 | 16.5 | 13.8 | 12.9 | 13.5 | |
| On a permanent contract | 14 | 14 | 12 | 12 | 13 |
| Joined | 11 | 11 | 16 | 5 | 2 |
| Left | 13 | 18 | 12 | 3 | 4 |
| Training hours | - | - | - | 415 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,967 | €38,902 | €5,427 | - | €32,135 |
| Financial fixed assets | - | - | €1,400 | - | - |
| €45,814 | €41,269 | €44,313 | €52,246 | €62,155 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 7.9% to 6.2%. Equity is higher and debt is lower.
Source: list of holdings in its own 2010 accounts. Every holding stands with its own latest accounts.
| ARLECCHINO
registered office since 16-06-1980 · founded in 1980 |
total assets €4.0m (2025) 0420.495.691 |
| LIMA INVEST
registered office since 27-04-2011 · founded in 2011 |
total assets €2.6m (2025) 0836.142.176 |
| LIMALO
registered office since 17-06-2016 |
founded in 2016 0725.561.384 |
The network lets you explore the ties of FIRST OPERA.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
“Tout ce qui rapporte directement ou indirectement à l'exploitation d'un restaurant et accessoirement de café,brasserie,snack-bar,service traiteur et autres activités similaires ou connexes.”
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Avenue du Vert Bocage 31 registered office 1410 Waterloo | |||
| Chaussée de Tervuren 1410 Waterloo | 15-04-2003 | 2.126.970.567 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25762H0285/00X000 | 868 m² | 1 · 159 m² | 10.0 m · 3 |
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