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FOGATO

Active
Private limited companyfounded 20242 yrs activeTroonstraat 99/101, 8400 Oostende, BelgiumKBO/BCE: BE 1005.263.062
Summary

The computed 12-month bankruptcy probability of FOGATO is 5.8% (elevated). The 2025 annual accounts show negative equity (-€47,885) and a net result of -€48,885. Its solvency ranks better than 19% of 13617 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability13
Solvency3
Growth-
Track record67
Bankruptcy probability, 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16; short-term debt: 34.6% and cash: 0.9% of total assets), and equity is negative.
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Signals

Five 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-22.4%
Return on assets
-22.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 29-07-2026, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FOGATO was incorporated on 26 January 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€47,885
Total assets
€214,113
Net result
-€48,885
Working capital
-€62,494

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €214,113
Fixed assets €202,484
Current assets €11,629
Key figures and ratios
2025 value
EBITDA
€33,244
Cash flow
€13,465
Solvency
-22.4%
Current ratio
0.16
Quick ratio
0.04
Debt to equity
-5.47
ROA
-22.8%
Interest coverage
1.62
Debt
€261,998
Debt ≤ 1 year
€74,123
Debt > 1 year
€187,591
Income taxes
€212
Staff costs
€64,640

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 7,638 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
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€214,113
Fixed assets21/28€202,484
Tangible fixed assets22/27€202,484
Plant, machinery and equipment23€11,432
Leasing and similar rights25€26,911
Other tangible fixed assets26€164,141
Current assets29/58€11,629
Stocks and contracts in progress3€8,529
Stocks30/36€8,529
Amounts receivable within one year40/41€117
Other amounts receivable41€117
Cash at bank and in hand54/58€2,026
Deferred charges and accrued income490/1€957
Equity and liabilities
Total equity and liabilities10/49€214,113
Equity10/15-€47,885
Contributions10/11€1,000
Profit (loss) carried forward14-€48,885
Amounts payable17/49€261,998
Amounts payable after more than one year17€187,591
Financial debts170/4€187,591
Amounts payable within one year42/48€74,123
Current portion of amounts payable after more than one year42€39,572
Financial debts43€3,223
Credit institutions430/8€3,223
Trade debts44€2,224
Suppliers440/4€2,224
Taxes, remuneration and social security45€10,839
Taxes450/3€3,600
Remuneration and social security454/9€7,239
Other amounts payable47/48€18,266
Accrued charges and deferred income492/3€284
Income statement Code2025
Remuneration, social security and pensions62€64,640
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62,350
Other operating charges640/8€2,568
Gross operating margin9900€100,453
Operating profit (loss)9901-€29,105
Financial income75/76B€961
Recurring financial income75€961
Financial charges65/66B€20,529
Recurring financial charges65€20,529
Profit (loss) for the period before taxes9903-€48,673
Income taxes67/77€212
Profit (loss) for the period9904-€48,885
Profit (loss) for the period to be appropriated9905-€48,885
Appropriation of the result
Profit (loss) to be appropriated9906-€48,885

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€64,640
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62,350
Other operating charges640/8€2,568
Gross operating margin9900€100,453
Operating profit (loss)9901-€29,105
Financial income75/76B€961
Recurring financial income75€961
Financial charges65/66B€20,529
Recurring financial charges65€20,529
Profit (loss) for the period before taxes9903-€48,673
Income taxes67/77€212
Profit (loss) for the period9904-€48,885
Profit (loss) for the period to be appropriated9905-€48,885
Line2025
Assets
Total assets20/58€214,113
Fixed assets21/28€202,484
Tangible fixed assets22/27€202,484
Plant, machinery and equipment23€11,432
Leasing and similar rights25€26,911
Other tangible fixed assets26€164,141
Current assets29/58€11,629
Stocks and contracts in progress3€8,529
Stocks30/36€8,529
Amounts receivable within one year40/41€117
Other amounts receivable41€117
Cash at bank and in hand54/58€2,026
Deferred charges and accrued income490/1€957
Equity and liabilities
Total equity and liabilities10/49€214,113
Equity10/15-€47,885
Contributions10/11€1,000
Profit (loss) carried forward14-€48,885
Amounts payable17/49€261,998
Amounts payable after more than one year17€187,591
Financial debts170/4€187,591
Amounts payable within one year42/48€74,123
Current portion of amounts payable after more than one year42€39,572
Financial debts43€3,223
Credit institutions430/8€3,223
Trade debts44€2,224
Suppliers440/4€2,224
Taxes, remuneration and social security45€10,839
Taxes450/3€3,600
Remuneration and social security454/9€7,239
Other amounts payable47/48€18,266
Accrued charges and deferred income492/3€284
Line2025
Profit (loss) for the period9904-€48,885
+ Depreciation and write-downs630€62,350
Operating cash flow (approximation)€13,465

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Oostende · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
921 m²
Building footprint
397 m²
Volume, LiDAR
5,883 m³
Parcel 35384A0089/00V032, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FOGATO
Troonstraat 99-101, 8400 OostendeFood and beverage service activities
since 20242.355.493.065
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35384A0089/00V032 Flanders 921 m² 1 · 397 m² 17.4 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Oostende2.355.493.065
1 permission
Toelating · Eetgelegenheid · since 01-03-2024

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded26-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005263062
Also 9925:BE1005263062
Registered 31-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.