FRENCH CROUSTY
Open bankruptcyA bankruptcy procedure is open for FRENCH CROUSTY according to publications in the Belgian State Gazette; curator: ALEXANDRE SAUSSEZ.
Summary
The 2023 annual accounts show equity of €6k and a net result of €-17k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-08-2024, 15 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
15 d late
2022
27 d early
2021
22 d early
2020
48 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€6k▼ 18.8%
2022 · €7k
2020: €3k
2021: €10k
2022: €7k
2020 → 2023
Total assets
€7k▼ 19.5%
2022 · €9k
2020: €15k
2021: €14k
2022: €9k
2020 → 2023
Net result
€-17k▼ 4.9%
2022 · €-17k
2020: €3k
2021: €8k
2022: €-17k
2020 → 2023
Working capital
€2k▲ 95.0%
2022 · €933
2020: €-8k
2021: €1k
2022: €933
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€3k-€10k▲ 261%€7k▼ 28.4%€6k▼ 18.8%
Operating result€3k-€-2k€-16k▼ 613%€-17k▼ 4.8%
Net result€3k-€8k▲ 161%€-17k€-17k▼ 4.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2023 against €16k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7k
Fixed assets
€4k ▼ 35.0%
Current assets
€3k ▲ 30.1%
Equity and liabilities €7k
Equity
€6k ▼ 18.8%
Debt
€838 ▼ 24.5%
Debt's share of the balance-sheet total falls from 12.9% to 12.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-14k▼
2022 · €-13k
Cash flow
€-14k▼
2022 · €-14k
Current ratio
3.17▲
2022 · 1.84
Quick ratio
2.55▲
2022 · 1.17
Debt to equity
0.14▼
2022 · 0.15
ROE
-286.3%▼
2022 · -221.7%
ROA
-251.6%▼
2022 · -193.0%
Interest coverage
-91.32▲
2022 · -94.84
Debt ≤ 1 year
€838▼
2022 · €1k
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 · 2023 against 2022 · 38 lines
Balance sheet
Code20222023
Assets
Total assets20/58€9k€7k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€320€240▼
Current assets29/58€2k€3k▲
Stocks and contracts in progress3€742€517▼
Stocks30/36€742€517▼
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40€1k€2k▲
Cash at bank and in hand54/58€118€347▲
Equity and liabilities
Total equity and liabilities10/49€9k€7k▼
Equity10/15€7k€6k▼
Reserves13€282€282=
Non-distributable reserves130/1€282€282=
Reserves not available under the articles1311€282€282=
Profit (loss) carried forward14€7k€6k▼
Amounts payable17/49€1k€838▼
Amounts payable within one year42/48€1k€838▼
Trade debts44€234€300▲
Suppliers440/4€234€300▲
Taxes, remuneration and social security45€576€480▼
Taxes450/3€576€480▼
Other amounts payable47/48€300€58▼
Income statement
Code20222023
Non-recurring operating income76A-€21k
Goods, raw materials, services and sundry goods60/61-€35k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€653€658▲
Gross operating margin9900€-13k€-13k▼
Operating profit (loss)9901€-16k€-17k▼
Financial charges65/66B€141€153▲
Recurring financial charges65€141€153▲
Profit (loss) for the period before taxes9903€-17k€-17k▼
Profit (loss) for the period9904€-17k€-17k▼
Profit (loss) for the period to be appropriated9905€-17k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-10k▼
Profit (loss) brought forward from the previous period14P€10k€7k▼
Shareholders' contribution to the loss794€14k€16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL FRENCH CROUSTY RUE SAINT- MICHEL 15, 1000 BRUXELLES · event 08-06-2026
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €8k ▲161%
Net result €8k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.38
Current ratio from 0.33 to 1.38; short-term debt falls from €12k to €3k.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2019
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.
Sint-Michielsstraat 151000 BrusselGround area
2,220 m²
Building footprint
537 m²
Volume, LiDAR
15,143 m³
Parcel 21802B0352/00D000, Brussels · tallest building 36.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
BUFFALO EATERY BURGER
since 20192.289.629.075
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0352/00D000 | Brussels | 2,220 m² | 1 · 537 m² | 36.3 m · 10 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALEXANDRE SAUSSEZ LEUVENSESTEENWEG 369,
1932 SINT-STEVENS-WOLUWE |
08-06-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.289.629.075
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 5,709 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
Founded27-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ha@subaccount.be