FTBS

Active

Private limited company (pre-2019)founded 2000active for 26 yearsSteenweg Asse(HN) 145, 1540 Pajottegem, BelgiumKBO/BCE: BE 0472.805.318

Summary

The computed 12-month bankruptcy probability of FTBS is 5.2% (elevated). For FTBS, at least two annual filings are missing. The 2023 annual accounts show equity of €147,537 and a net result of €23,066. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 86% of 17,633 sector peers (NACE 56, financial year 2023). The company has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals.

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FTBSActive

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Overview

Official details

Source: KBO

Status: Active since 22-09-2000 Normal situation
Activity: Limited-service restaurants, excluding mobile food services NACE 56112
Establishment unit: 2.213.789.725 1540 Pajottegem, since 05-07-2012
Financial year end: 31 December
Peppol: Reachable since 20-10-2026

Company details

Board and ownership

Board

Waterbley BernardDirector · since 06-09-2000

Board & ownership

Financial position

Bankruptcy probabilitywithin 12 months: 5.2%

2023 figures too old to score

Annual accounts 2023

Gross margin: €60,978; ▲ 12.5%
Turnover: ≈ €220,000; estimated
Profit: €23,066; ▼ 3.5%
Equity: €147,537; ▲ 2.0%
Total assets: €205,063; ▲ 13.9%
Staff: ≈ 0.6 FTE; estimated

2024 accounts not filed, 461 days past the deadline

Financials

Signalsraises riskFigures for financial year 2023 (filed on 22-11-2024)2 financial years not filed after the legal deadline; last filed accounts filed 114 days late; 3 of the last 3 accounts lateSize: total assets €205,063Two or more financial years not filed2023 accounts filed 114 days latelowers riskLiquidity: current ratio 1.73, cash €91,509Show the evidence

Bankruptcy probability

No current score

Figures too old

The latest figures are for FY 2023. They are too old for a current score.

Bankruptcy probability: Elevated

Filing: At least two annual filings are missing

Financial strength, FY 2023 · tick: 2022

Strong

Solvency 97-3

equity 71.9% of total assets

Liquidity 89-5

short-term debt 28.1% · cash 44.6%

Profitability 83-2

return on assets 11.2%

Bankruptcy probability within 12 months

5.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,783 companies, NACE 56, micro)

Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.5%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.3 percentage points vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.8%▲ +0.7 percentage points vs 11-2025 01-2026: 3.6%▲ +1.8 percentage points vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.7%▲ +0.1 percentage points vs 02-2026 04-2026: 3.5%▼ -0.2 percentage points vs 03-2026 05-2026: 3.5%● unchanged vs 04-2026 06-2026: 3.5%● unchanged vs 05-2026 07-2026: 3.5%● unchanged vs 06-2026 08-2026: 5.2%▲ +1.7 percentage points vs 07-2026highest value 09-2026: 5.2%● unchanged vs 08-2026highest value 10-2026: 5.2%● unchanged vs 09-2026highest value 11-2026: 5.2%● unchanged vs 10-2026highest value

Credit check for an amount and term of your choice

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.

Signals

Six signals.

lowers riskraises risk

Figures for financial year 2023 (filed on 22-11-2024)

NBB · annual accounts

2 financial years not filed after the legal deadline; last filed accounts filed 114 days late; 3 of the last 3 accounts late

NBB · filings

Size: total assets €205,063

Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Liquidity: current ratio 1.73, cash €91,509

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2024 year end31-07-2025 deadline04-11-2026 today

2023 accounts filed 114 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-11-2024, 114 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

114 days late

2022

92 days late

2021

61 days late

2020

90 days late

2019

115 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 94 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 (1)

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.

Annual accounts 2023 filed on 22-11-2024 PDF all 23 filings

Amounts without an identifiable currency are taken as euros.

Turnover

≈ €220,000

Estimated: probably between €170,000 and €270,000

Total assets

€205,063▲ 13.9%

2022 · €180,042

Net result

€23,066▼ 3.5%

2022 · €23,906

Working capital

€41,839▼ 30.5%

2022 · €60,219

Multi-year overview

2018 to 2023, 6 financial years

Operating result

€33,052

▲ 9.4% 2023

20182023

Net result

€23,066

▼ 3.5% 2023

highest quarter of the sector

20182023

Equity

€147,537

▲ 2.0% 2023

highest quarter of the sector

20182023

Total assets

€205,063

▲ 13.9% 2023

middle half of the sector

20182023

Debt

€57,526

▲ 62.8% 2023

20182023

Working capital

€41,839

▼ 30.5% 2023

highest quarter of the sector

20182023

Solvency

71.9%

▼ 8.4pp 2023

highest quarter of the sector

20182023

Current ratio

1.73

▼ 0.98 2023

middle half of the sector

20182023

Return on assets (ROA)

11.2%

▼ 2.0pp 2023

middle half of the sector

20182023

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line201820192020202120222023

Operating result€33,668-€36,780▲ 9.2%€36,347▼ 1.2%€48,723▲ 34.0%€30,212▼ 38.0%€33,052▲ 9.4%

Net result€20,227-€22,875▲ 13.1%€26,976▲ 17.9%€34,785▲ 28.9%€23,906▼ 31.3%€23,066▼ 3.5%

Equity€70,538-€93,413▲ 32.4%€104,183▲ 11.5%€131,422▲ 26.1%€144,699▲ 10.1%€147,537▲ 2.0%

Total assets€94,684-€126,123▲ 33.2%€146,127▲ 15.9%€155,952▲ 6.7%€180,042▲ 15.4%€205,063▲ 13.9%

Debt€24,147-€32,710▲ 35.5%€41,944▲ 28.2%€24,530▼ 41.5%€35,344▲ 44.1%€57,526▲ 62.8%

Working capital€57,195-€76,502▲ 33.8%€90,006▲ 17.7%€90,672▲ 0.7%€60,219▼ 33.6%€41,839▼ 30.5%

Solvency74.5%-74.1%▼ 0.4pp71.3%▼ 2.8pp84.3%▲ 13.0pp80.4%▼ 3.9pp71.9%▼ 8.4pp

Current ratio3.37-3.35▼ 0.023.15▼ 0.204.71▲ 1.562.70▼ 2.011.73▼ 0.98

Return on assets (ROA)21.4%-18.1%▼ 3.2pp18.5%▲ 0.3pp22.3%▲ 3.8pp13.3%▼ 9.0pp11.2%▼ 2.0pp

above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2023 is 9% higher than in 2022. It is a recovery after the fall in 2022.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2023 in colour, 2022 as the grey bar beneath

Assets €205,063

51.5%

48.5%

Fixed assets €105,699 ▲ 25.1%

Current assets €99,364 ▲ 4.0%

Equity and liabilities €205,063

71.9%

28.1%

Equity €147,537 ▲ 2.0%

Debt €57,526 ▲ 62.8%

Debt's share of the balance-sheet total rises from 19.6% to 28.1%. Equity and debt are higher.

Key figures and ratios

2023 value · change against 2022

EBITDA

€45,613▲

2022 · €39,995

Cash flow

€35,626▲

2022 · €33,689

Quick ratio

1.70▼

2022 · 2.65

Debt to equity

0.39▲

2022 · 0.24

ROE

15.6%▼

2022 · 16.5%

Interest coverage

over 100

2022 · over 100

Debt ≤ 1 year

€57,526▲

2022 · €35,344

Income taxes

€9,797▲

2022 · €6,184

Staff costs

€13,921▲

2022 · €12,880

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired

Item	2021	2022	2023
Tangible fixed assets	€30,008	€53,422	€33,779
Depreciation and write-downs of the year	€3,343	€9,783	€12,560

Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2023 against 2022 · 51 lines

Balance sheet Code20222023

Assets

Total assets20/58€180,042€205,063▲

Fixed assets21/28€84,480€105,699▲

Tangible fixed assets22/27€84,431€105,650▲

Plant, machinery and equipment23€7,183€13,446▲

Other tangible fixed assets26€77,248€92,204▲

Financial fixed assets28€49€49=

Current assets29/58€95,563€99,364▲

Stocks and contracts in progress3€1,889€1,822▼

Stocks30/36€1,889€1,822▼

Amounts receivable within one year40/41€6,954€4,635▼

Trade receivables40€5,125€2,041▼

Other amounts receivable41€1,830€2,593▲

Cash at bank and in hand54/58€84,649€91,509▲

Deferred charges and accrued income490/1€2,070€1,399▼

Equity and liabilities

Total equity and liabilities10/49€180,042€205,063▲

Equity10/15€144,699€147,537▲

Contributions10/11€12,400€12,400=

Reserves13€131,628€134,467▲

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Distributable reserves133€129,768€132,607▲

Profit (loss) carried forward14€670€670=

Amounts payable17/49€35,344€57,526▲

Amounts payable within one year42/48€35,344€57,526▲

Trade debts44€6,401€4,526▼

Suppliers440/4€6,401€4,526▼

Advances received on contracts in progress46€824-

Taxes, remuneration and social security45€11,590€13,850▲

Taxes450/3€11,229€13,164▲

Remuneration and social security454/9€361€686▲

Other amounts payable47/48€16,529€39,150▲

Income statement Code20222023

Remuneration, social security and pensions62€12,880€13,921▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,783€12,560▲

Other operating charges640/8€1,318€1,444▲

Gross operating margin9900€54,194€60,978▲

Operating profit (loss)9901€30,212€33,052▲

Financial income75/76B€0€59▲

Recurring financial income75€0€59▲

Financial charges65/66B€122€249▲

Recurring financial charges65€122€249▲

Profit (loss) for the period before taxes9903€30,090€32,863▲

Income taxes67/77€6,184€9,797▲

Profit (loss) for the period9904€23,906€23,066▼

Profit (loss) for the period to be appropriated9905€23,906€23,066▼

Appropriation of the result

Profit (loss) to be appropriated9906€24,576€23,736▼

Profit (loss) brought forward from the previous period14P€670€670=

Transfer from equity791/2€10,629€20,227▲

Transfer to equity691/2€23,906€23,066▼

To other reserves6921€23,906€23,066▼

Profit to be distributed694/7€10,629€20,227▲

Return on contributions (dividend)694€10,629€20,227▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2023 (PDF), filed on 22-11-2024.

Line	2018	2019	2020	2021	2022	2023	Change
Remuneration, social security and pensions62	-	-	-	€15,067	€12,880	€13,921	▲ 8.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5,605	€2,824	€2,824	€3,343	€9,783	€12,560	▲ 28.4%
Other operating charges640/8	-	-	-	€1,853	€1,318	€1,444	▲ 9.5%
Gross operating margin9900	€45,028	€53,400	€52,402	€68,986	€54,194	€60,978	▲ 12.5%
Operating profit (loss)9901	€33,668	€36,780	€36,347	€48,723	€30,212	€33,052	▲ 9.4%
Financial income75/76B	-	-	-	€210	€0	€59	▲ 5,939×
Recurring financial income75	€12	€0	€235	€210	€0	€59	▲ 5,939×
Financial charges65/66B	-	-	-	€98	€122	€249	▲ 103%
Recurring financial charges65	€96	€232	€83	€98	€122	€249	▲ 103%
Profit (loss) for the period before taxes9903	€33,584	€36,548	€36,499	€48,835	€30,090	€32,863	▲ 9.2%
Income taxes67/77	€13,357	€13,673	€9,523	€14,050	€6,184	€9,797	▲ 58.4%
Profit (loss) for the period9904	€20,227	€22,875	€26,976	€34,785	€23,906	€23,066	▼ 3.5%
Profit (loss) for the period to be appropriated9905	€20,227	€22,875	€26,976	€34,785	€23,906	€23,066	▼ 3.5%

Line	2018	2019	2020	2021	2022	2023	Change
Assets
Total assets20/58	€94,684	€126,123	€146,127	€155,952	€180,042	€205,063	▲ 13.9%
Fixed assets21/28	€13,343	€17,001	€14,176	€40,841	€84,480	€105,699	▲ 25.1%
Tangible fixed assets22/27	€13,294	€16,952	€14,127	€40,792	€84,431	€105,650	▲ 25.1%
Plant, machinery and equipment23	-	-	-	€8,711	€7,183	€13,446	▲ 87.2%
Other tangible fixed assets26	-	-	-	€32,081	€77,248	€92,204	▲ 19.4%
Financial fixed assets28	€49	€49	€49	€49	€49	€49	=
Current assets29/58	€81,342	€109,122	€131,951	€115,111	€95,563	€99,364	▲ 4.0%
Stocks and contracts in progress3	€1,362	€1,588	€1,024	€1,652	€1,889	€1,822	▼ 3.6%
Stocks30/36	-	-	-	€1,652	€1,889	€1,822	▼ 3.6%
Amounts receivable within one year40/41	€4,686	€2,306	€4,774	€7,366	€6,954	€4,635	▼ 33.4%
Trade receivables40	-	-	-	€4,052	€5,125	€2,041	▼ 60.2%
Other amounts receivable41	-	-	-	€3,314	€1,830	€2,593	▲ 41.7%
Cash at bank and in hand54/58	€75,105	€104,589	€124,971	€105,917	€84,649	€91,509	▲ 8.1%
Deferred charges and accrued income490/1	-	-	-	€177	€2,070	€1,399	▼ 32.4%
Equity and liabilities
Total equity and liabilities10/49	€94,684	€126,123	€146,127	€155,952	€180,042	€205,063	▲ 13.9%
Equity10/15	€70,538	€93,413	€104,183	€131,422	€144,699	€147,537	▲ 2.0%
Contributions10/11	€12,400	€12,400	-	€12,400	€12,400	€12,400	=
Reserves13	€57,467	€80,342	€91,112	€118,351	€131,628	€134,467	▲ 2.2%
Non-distributable reserves130/1	-	-	-	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	-	-	-	€1,860	€1,860	€1,860	=
Distributable reserves133	-	-	-	€116,491	€129,768	€132,607	▲ 2.2%
Profit (loss) carried forward14	€670	€670	€670	€670	€670	€670	=
Amounts payable17/49	€24,147	€32,710	€41,944	€24,530	€35,344	€57,526	▲ 62.8%
Amounts payable within one year42/48	€24,147	€32,620	€41,944	€24,439	€35,344	€57,526	▲ 62.8%
Trade debts44	€3,433	€3,110	€1,243	€1,326	€6,401	€4,526	▼ 29.3%
Suppliers440/4	-	-	-	€1,326	€6,401	€4,526	▼ 29.3%
Advances received on contracts in progress46	-	-	-	-	€824	-	-
Taxes, remuneration and social security45	-	-	-	€15,416	€11,590	€13,850	▲ 19.5%
Taxes450/3	-	-	-	€14,802	€11,229	€13,164	▲ 17.2%
Remuneration and social security454/9	-	-	-	€614	€361	€686	▲ 90.1%
Other amounts payable47/48	-	-	-	€7,697	€16,529	€39,150	▲ 137%
Accrued charges and deferred income492/3	-	-	-	€91	-	-	-

Line	2018	2019	2020	2021	2022	2023	Change
Profit (loss) for the period9904	€20,227	€22,875	€26,976	€34,785	€23,906	€23,066	▼ 3.5%
+ Depreciation and write-downs630	€5,605	€2,824	€2,824	€3,343	€9,783	€12,560	▲ 28.4%
Operating cash flow (approximation)	€25,832	€25,699	€29,800	€38,128	€33,689	€35,626	▲ 5.8%
Investment in fixed assets (approximation)	-	-€6,482	€0	-€30,008	-€53,422	-€33,779	▲ 36.8%
Change in cash	-	€29,484	€20,382	-€19,054	-€21,268	€6,860	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 23 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2023	micro format	22-11-2024	2024-00603084	PDF
31-12-2022	micro format	31-10-2023	2023-00499223	PDF
31-12-2021	micro format	30-09-2022	2022-20442049	PDF
31-12-2020	micro format	29-10-2021	2021-74200009	PDF
31-12-2019	micro format	23-11-2020	2020-71300469	PDF
31-12-2018	micro format	26-09-2019	2019-65800178	PDF
31-12-2017	micro format	30-08-2018	2018-55100506	PDF
31-12-2016	micro format	31-08-2017	2017-52400374	PDF
31-12-2015	abbreviated format	30-09-2016	2016-62500224	PDF
31-12-2014	abbreviated format	14-10-2015	2015-64700234	PDF

Show all 23 filings

Board & ownership

Directors

1 director

Waterbley Bernard

Director · since 06-09-2000 · listed in the 2023 annual accounts, filed on 22-11-2024

Current

Office holders in the KBO →

See the board, name and registered office on a given date →

Owners and capital

Owners

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Network & group

FTBS shares no director with another company.

Connections & network

1 current director

Depth

The network starts from the directors of FTBS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 13Financial 2Gazette 1Filings 10

2024

22-11

NBB filing Annual accounts 2023 filedPDF

micro format · 114 days late

2023

31-10

NBB filing Annual accounts 2022 filedPDF

micro format · 92 days late

2022

30-09

NBB filing Annual accounts 2021 filedPDF

micro format · 61 days late

2021

31-12

Financial Highest result from 2018 to 2023net €34,785 ▲28.9%

The operating result of €48,723 and the net result of €34,785 are both a record.

29-10

NBB filing Annual accounts 2020 filedPDF

micro format · 90 days late

2020

31-12

Financial Equity above €100,000equity €104,183 ▲11.5%

With a profit in every financial year since 2018, equity grows to €104,183.

23-11

NBB filing Annual accounts 2019 filedPDF

micro format · 115 days late

2019

26-09

NBB filing Annual accounts 2018 filedPDF

micro format · 57 days late

2018

30-08

NBB filing Annual accounts 2017 filedPDF

micro format · 30 days late

2017

31-08

NBB filing Annual accounts 2016 filedPDF

micro format · 31 days late

2016

30-09

NBB filing Annual accounts 2015 filedPDF

abbreviated format · 61 days late

2015

14-10

NBB filing Annual accounts 2014 filedPDF

abbreviated format · 75 days late

2000

03-10

Gazette deed Incorporation

Show all 23 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

On 22 September 2000, FTBS was incorporated.¹ Total assets went from €94,684 in 2018 to €205,063 in 2023.²

Company details

Register details

Identity

KBO record

Name FTBS in Dutch

Enterprise number 0472.805.318

Legal form Private limited company (pre-2019)

Status Active, normale toestand

Founded 22-09-2000

Entity type Legal entity

Registered office and establishments

Registered office Steenweg Asse(HN) 145, 1540 Pajottegem, Belgium

Establishment unit Vier Armen, Steenweg Asse(HN) 145, 1540 Pajottegem since 05-07-2012 · unit number 2.213.789.725

Activities

NACEBEL 2025

VAT activities

56112 Limited-service restaurants, excluding mobile food services main activity

Social security (RSZ) activities

56112 Limited-service restaurants, excluding mobile food services main activity

Codes under NACEBEL 2008

VAT activities

56102 Limited-service restaurants main activity

Social security (RSZ) activities

56102 Limited-service restaurants main activity

Invoicing and payment

VAT number BE 0472.805.318

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0472805318

Registered 20-10-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Recognitions · licences · registrations

Food safety, FASFC

1 site

Pajottegemunit number 2.213.789.725

1 permission

Authorisation · Frituur · since 05-07-2012

Sites & property

Location

registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area

841 m²

Building footprint

342 m²

Building volume

1,779 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
23031C0001/00D000	Flanders	841 m²	1 · 342 m²	10.3 m · 2