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Het Beleefcircus

Active
Private limited companyfounded 20205 yrs activeJan Broeckaertlaan 2, 9230 Wetteren, BelgiumKBO/BCE: BE 0759.690.637
Summary

The computed 12-month bankruptcy probability of Het Beleefcircus is 4.2% (elevated). The 2024 annual accounts show equity of €19,316 and a net result of €8. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 26% of 2940 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability42▲+8
Solvency36=
Growth52=
Track record94
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.83 against 0.78 in 2023; short-term debt: 42.1% and cash: 0.4% of total assets), and 89% of the assets are financed with debt.
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Signals

Four 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 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 2024
Solvency, return and age of the figures
Solvency
11%
Return on assets
0%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 filings
Deviation from the deadline
2025
not confirmed
2024
56 d late
2023
79 d late
2022
74 d late
2021
26 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 59 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

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

On 11 December 2020, Het Beleefcircus was incorporated as a Private limited company.1 Total assets went from EUR 92,351 in 2021 to EUR 175,065 in 2024 and headcount from 5 to 8.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€19,316=
2023 · €19,309
Total assets
€175,065▲ 1.5%
2023 · €172,443
Net result
€8▼ 96.7%
2023 · €231
Working capital
-€12,241▲ 16.8%
2023 · -€14,705
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result€17,877--€87,132€3,932€4,369▲ 11.1%
Net result€15,593within the sector's middle half-€984within the sector's middle half▼ 93.7%€231within the sector's middle half▼ 76.5%€8within the sector's middle half▼ 96.7%
Equity€18,093within the sector's middle half-€19,078within the sector's middle half▲ 5.4%€19,309within the sector's middle half▲ 1.2%€19,316below the sector's middle half=
Total assets€92,351within the sector's middle half-€170,326below the sector's middle half▲ 84.4%€172,443below the sector's middle half▲ 1.2%€175,065below the sector's middle half▲ 1.5%
Debt€74,257-€151,249▲ 104%€153,135▲ 1.2%€155,749▲ 1.7%
Working capital€15,255within the sector's middle half--€82,962below the sector's middle half-€14,705within the sector's middle half▲ 82.3%-€12,241within the sector's middle half▲ 16.8%
Solvency19.6%within the sector's middle half-11.2%within the sector's middle half▼ 8.4pp11.2%within the sector's middle half=11.0%within the sector's middle half▼ 0.2pp
Current ratio1.21within the sector's middle half-0.38below the sector's middle half▼ 0.830.78within the sector's middle half▲ 0.400.83within the sector's middle half▲ 0.06
Return on assets (ROA)16.9%within the sector's middle half-0.6%within the sector's middle half▼ 16.3pp0.1%within the sector's middle half▼ 0.4pp0.0%within the sector's middle half▼ 0.1pp
Staff (FTE)5-8.2within the sector's middle half▲ 64.0%8.2within the sector's middle half=8.2within the sector's middle half=
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0Operating result 2021: €17,877€17,877Net result 2021: €15,593€15,593Operating result 2022: -€87,132-€87,132Net result 2022: €984€984Operating result 2023: €3,932€3,932Net result 2023: €231€231Operating result 2024: €4,369€4,369Net result 2024: €8€82021202220232024-€100,000-€75,000-€50,000-€25,000€0Operating result 2022: -€87,132-€87,100Net result 2022: €984€984Operating result 2023: €3,932€3,930Net result 2023: €231€231Operating result 2024: €4,369€4,370Net result 2024: €8€8202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175,065
Fixed assets €113,639 ▼ 6.4%
Current assets €61,426 ▲ 20.3%
Equity and liabilities €175,065
Equity €19,316 =
Debt €155,749 ▲ 1.7%
Debt's share of the balance-sheet total rises from 88.8% to 89.0%. Debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€12,133▲
2023 · €6,767
Cash flow
€7,772▲
2023 · €3,066
Quick ratio
0.79▲
2023 · 0.72
Debt to equity
8.06▲
2023 · 7.93
ROE
0.0%▼
2023 · 1.2%
Interest coverage
2.78▲
2023 · 1.83
Debt ≤ 1 year
€73,667▲
2023 · €65,745
Debt > 1 year
€82,082▼
2023 · €87,390
Staff costs
€895▼
2023 · €58,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.5% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 3,275 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 · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€172,443€175,065▲
Fixed assets21/28€121,404€113,639▼
Intangible fixed assets21€93,288€92,355▼
Tangible fixed assets22/27€28,115€21,284▼
Plant, machinery and equipment23€28,115€21,284▼
Current assets29/58€51,040€61,426▲
Stocks and contracts in progress3€3,652€3,312▼
Stocks30/36€3,652€3,312▼
Amounts receivable within one year40/41€46,996€49,834▲
Trade receivables40€46,880€49,603▲
Other amounts receivable41€116€231▲
Cash at bank and in hand54/58-€720
Deferred charges and accrued income490/1€392€7,561▲
Equity and liabilities
Total equity and liabilities10/49€172,443€175,065▲
Equity10/15€19,309€19,316=
Contributions10/11€2,500€2,500=
Reserves13€16,809€16,816=
Distributable reserves133€16,809€16,816=
Amounts payable17/49€153,135€155,749▲
Amounts payable after more than one year17€87,390€82,082▼
Financial debts170/4€87,390€82,082▼
Amounts payable within one year42/48€65,745€73,667▲
Current portion of amounts payable after more than one year42€5,010€5,308▲
Financial debts43€82-
Credit institutions430/8€82-
Trade debts44€3,655€4,226▲
Suppliers440/4€3,655€4,226▲
Taxes, remuneration and social security45€4,579€1,046▼
Taxes450/3€1,234€1,046▼
Remuneration and social security454/9€3,345-
Other amounts payable47/48€52,419€63,087▲
Income statement Code20232024
Remuneration, social security and pensions62€58,507€895▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,836€7,765▲
Other operating charges640/8€803€2,452▲
Gross operating margin9900€66,077€15,480▼
Operating profit (loss)9901€3,932€4,369▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3,701€4,361▲
Recurring financial charges65€3,701€4,361▲
Profit (loss) for the period before taxes9903€231€8▼
Profit (loss) for the period9904€231€8▼
Profit (loss) for the period to be appropriated9905€231€8▼
Appropriation of the result
Profit (loss) to be appropriated9906€231€8▼
Transfer to equity691/2€231€8▼
To other reserves6921€231€8▼
Social balance
Average headcount (FTE)90878.28.2=

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Remuneration, social security and pensions62€269,396€271,002€58,507€895▼ 98.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,291€2,028€2,836€7,765▲ 174%
Other operating charges640/8€1,122€1,212€803€2,452▲ 205%
Gross operating margin9900€289,686€187,111€66,077€15,480▼ 76.6%
Operating profit (loss)9901€17,877-€87,132€3,932€4,369▲ 11.1%
Financial income75/76B€0€90,517€0--
Recurring financial income75€0€28€0--
Non-recurring financial income76B-€90,488---
Financial charges65/66B€2,284€2,400€3,701€4,361▲ 17.8%
Recurring financial charges65€2,284€2,400€3,701€4,361▲ 17.8%
Profit (loss) for the period before taxes9903€15,593€984€231€8▼ 96.7%
Profit (loss) for the period9904€15,593€984€231€8▼ 96.7%
Profit (loss) for the period to be appropriated9905€15,593€984€231€8▼ 96.7%
Line2021202220232024Change
Assets
Total assets20/58€92,351€170,326€172,443€175,065▲ 1.5%
Fixed assets21/28€2,838€119,439€121,404€113,639▼ 6.4%
Intangible fixed assets21-€90,488€93,288€92,355▼ 1.0%
Tangible fixed assets22/27€2,838€28,951€28,115€21,284▼ 24.3%
Plant, machinery and equipment23€2,838€28,951€28,115€21,284▼ 24.3%
Current assets29/58€89,513€50,887€51,040€61,426▲ 20.3%
Stocks and contracts in progress3-€3,969€3,652€3,312▼ 9.3%
Stocks30/36-€3,969€3,652€3,312▼ 9.3%
Amounts receivable within one year40/41€48,541€37,112€46,996€49,834▲ 6.0%
Trade receivables40€41,719€36,863€46,880€49,603▲ 5.8%
Other amounts receivable41€6,821€249€116€231▲ 100%
Cash at bank and in hand54/58€40,810€6,851-€720-
Deferred charges and accrued income490/1€162€2,955€392€7,561▲ 1,829%
Equity and liabilities
Total equity and liabilities10/49€92,351€170,326€172,443€175,065▲ 1.5%
Equity10/15€18,093€19,078€19,309€19,316=
Contributions10/11€2,500€2,500€2,500€2,500=
Reserves13-€16,578€16,809€16,816=
Distributable reserves133-€16,578€16,809€16,816=
Profit (loss) carried forward14€15,593----
Amounts payable17/49€74,257€151,249€153,135€155,749▲ 1.7%
Amounts payable after more than one year17-€17,400€87,390€82,082▼ 6.1%
Financial debts170/4-€17,400€87,390€82,082▼ 6.1%
Amounts payable within one year42/48€74,257€133,849€65,745€73,667▲ 12.1%
Current portion of amounts payable after more than one year42-€4,729€5,010€5,308▲ 5.9%
Financial debts43--€82--
Credit institutions430/8--€82--
Trade debts44€36,733€81,450€3,655€4,226▲ 15.6%
Suppliers440/4€36,733€81,450€3,655€4,226▲ 15.6%
Taxes, remuneration and social security45€35,251€12,497€4,579€1,046▼ 77.2%
Taxes450/3€2,535€11,471€1,234€1,046▼ 15.2%
Remuneration and social security454/9€32,716€1,026€3,345--
Other amounts payable47/48€2,274€35,173€52,419€63,087▲ 20.4%
Line2021202220232024Change
Profit (loss) for the period9904€15,593€984€231€8▼ 96.7%
+ Depreciation and write-downs630€1,291€2,028€2,836€7,765▲ 174%
Operating cash flow (approximation)€16,884€3,013€3,066€7,772▲ 153%
Investment in fixed assets (approximation)--€118,629-€4,800€0▲ 100%
Change in cash--€33,959---

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

2025
25-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
31-12
Financial Weakest financial yearnet €8 ▼96.7%
Net result drops to €8, the lowest in the series.
18-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 79 days late
2023
13-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
26-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Wetteren · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
204 m²
Building footprint
98 m²
Volume, LiDAR
1,222 m³
Parcel 42302E0897/00E002, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Bistro Gustaaf
Jan Broeckaertlaan 2, 9230 WetterenManufacture of beverages
since 20202.311.424.777
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42302E0897/00E002
ProtectedMonumentBurgerhuizen Villa Hollando-BelgeSource ↗
Flanders 204 m² 1 · 98 m² 16.2 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector, comparable size

Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 1,817 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
47279Other retail sale of food
56111Full-service restaurants
E-invoicing
Not found in the Peppol register

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Register as of 29 September 2026 · Peppol Directory

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