Turnover
≈ €220,000 estimated
The micro format states no turnover.
Folia
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €69,795 (2025)
€69,795▲ 63.4%
Resultlowest -€23,647 (2024)
€11,077▲ €34,725
Equitypeak €77,430 (2025)
€77,430▲ 16.7%
Debts
€44,614▲ 21.5%
Board2 names since 2023
2 directorsGAUWLOOS Bart Kris Annemie and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
Gross margin from €42,723 to €69,795Back to profit: €11,077Equity from €66,353 to €77,430Debts from €36,705 to €44,614Cash from €21,118 to €59,332
Key points
from the 2025 annual accountsStaff
1 employees on 31-12-2025
In 2025, 5 people joined and 5 left.
Liquidity
1.54 was 1.03 in 2024
Short-term debts rose from €36,705 to €44,614.
2025 accounts filed 25 days after the deadline
Checked score
69
Healthy
Financially stronger than 73% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,779 companies (NACE 56, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.4%
01-2025: 4.6%▲ +0.2 percentage points vs 12-2024
02-2025: 4.9%▲ +0.3 percentage points vs 01-2025
03-2025: 4.9%● unchanged vs 02-2025
04-2025: 5.3%▲ +0.4 percentage points vs 03-2025highest value
05-2025: 5.3%● unchanged vs 04-2025
06-2025: 5.1%▼ -0.2 percentage points vs 05-2025
07-2025: 5.1%● unchanged vs 06-2025
08-2025: 1.8%▼ -3.3 percentage points vs 07-2025
09-2025: 1.9%▲ +0.1 percentage points vs 08-2025
10-2025: 1.9%● unchanged vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.8%▼ -0.1 percentage points vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.9%▲ +0.1 percentage points vs 03-2026
05-2026: 2.1%▲ +0.2 percentage points vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026
07-2026: 2.1%▲ +0.1 percentage points vs 06-2026
08-2026: 2.9%▲ +0.8 percentage points vs 07-2026
09-2026: 0.9%▼ -2.0 percentage points vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 1.54, cash €59,332
Equity €77,430 (63.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 79% of them on solvency, 86% on liquidity, 65% on profitability and 63% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Folia has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Folia itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for Folia. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.03 in 2024), above the usual 1.5. Short-term debt is 36.6% and cash 48.6% of total assets. 36.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
25 days late
2024
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 5 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HAM Joost Karel Alida 70 sharesdeed of 01-09-2023
- LEPAGE Alain 10 sharesdeed of 01-09-2023
- GAUWLOOS Bart Kris Annemie 10 sharesdeed of 01-09-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805291129
Incorporation
Founding capital of €90,000, 90 shares · Founders: HAM Joost Karel Alida, LEPAGE Alain and GAUWLOOS Bart Kris Annemie · Appointments: GAUWLOOS Bart Kris Annemie (director) and NOVATON (director) · published on 01-09-2023 · Gazette deed
First establishment
Mechelsesteenweg 112, Antwerp
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Folia Antwerp | €122,045 | €69,795 | 63.4% | - |
| BARBOESJ Mechelen | €127,171 | €71,544 | 20.1% | - |
| Bouchée Duffel | €114,332 | €62,591 | 43.3% | - |
| ELAKI Antwerp | €113,851 | €59,767 | 28.3% | - |
| Totoro Mechelen | €121,887 | €77,547 | -73.8% | - |
| FLY Coffee and Lunchbar Balen | €128,371 | €63,196 | 19.7% | - |
| Z.A.R. Liège | €121,087 | €74,232 | 43.6% | - |
These companies have the same main activity as Folia: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €114,000 and €128,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 30-08-2023Normal situation
- Activity
- Full-service restaurantsNACE 56111and 5 others
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.349.501.3362018 Antwerp, since 30-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2023
Annual accounts 2025
- Total assets
- €122,045▲ 18.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 25-08-2026
Insights on Folia
Folia has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,430 and a net result of €11,077.
Its solvency ranks better than 79% of 17,054 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Folia
- What is the company number of Folia?
- The company number of Folia is 0805.291.129. The VAT number is the same number with BE in front: BE 0805.291.129.
- Where is Folia based?
- The registered office is at Mechelsesteenweg 112, 2018 Antwerp.Company details
- What does Folia do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Folia?
- Folia is a private limited company (BV).
- When was Folia founded?
- Folia was founded on 30-08-2023.
- Is Folia still active?
- Yes, Folia is an active enterprise in the KBO register.
- How many employees does Folia have?
- Folia had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Folia fall under?
- In its 2025 annual accounts, Folia states joint committee 302 (Hotels and catering).
- What is the turnover of Folia?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €69,795 and 72 comparable companies (NACE 56111). It probably lies between €190,000 and €300,000.
- Is Folia profitable?
- In financial year 2025, Folia made a profit of €11,077.
- Where can I find the annual accounts of Folia?
- Folia filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Folia due?
- Folia must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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