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Hole10

Active
Private limited companyfounded 20233 yrs activeSingelweg(onteigend) 2, 9120 Beveren, BelgiumKBO/BCE: BE 0800.109.547
Summary

The computed 12-month bankruptcy probability of Hole10 is 4.5% (elevated). The 2024 annual accounts show equity of €93,193 and a net result of €74,593. Its solvency ranks better than 48% of 2937 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability99
Solvency56
Growth-
Track record79
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46; short-term debt: 45.7% and cash: 4.1% of total assets), and 69.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
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 3 years 0 10 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-12-2025, 134 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2024
134 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 134 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 29 March 2023, Hole10 was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

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

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Financials · fiscal year 2024, abbreviated schema

Equity
€93,193
Total assets
€304,654
Net result
€74,593
Working capital
€64,488

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

Balance-sheet composition
Assets €304,654
Fixed assets €100,883
Current assets €203,771
Equity and liabilities €304,654
Equity €93,193
Debt €211,460
Debt finances 69.4% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€104,094
Cash flow
€91,842
Current ratio
1.46
Quick ratio
1.37
Debt to equity
2.27
ROE
80.0%
ROA
24.5%
Interest coverage
10.24
Debt ≤ 1 year
€139,283
Debt > 1 year
€39,678
Income taxes
€20,019
Staff costs
€140,898

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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 · 45 lines
Balance sheet Code2024
Assets
Total assets20/58€304,654
Fixed assets21/28€100,883
Tangible fixed assets22/27€100,883
Plant, machinery and equipment23€88,140
Other tangible fixed assets26€12,743
Current assets29/58€203,771
Stocks and contracts in progress3€12,496
Stocks30/36€12,496
Amounts receivable within one year40/41€178,362
Trade receivables40€81,848
Other amounts receivable41€96,513
Cash at bank and in hand54/58€12,461
Deferred charges and accrued income490/1€452
Equity and liabilities
Total equity and liabilities10/49€304,654
Equity10/15€93,193
Contributions10/11€18,600
Profit (loss) carried forward14€74,593
Amounts payable17/49€211,460
Amounts payable after more than one year17€39,678
Financial debts170/4€39,678
Amounts payable within one year42/48€139,283
Current portion of amounts payable after more than one year42€14,624
Trade debts44€75,872
Suppliers440/4€75,872
Advances received on contracts in progress46€2,372
Taxes, remuneration and social security45€46,416
Taxes450/3€30,429
Remuneration and social security454/9€15,987
Accrued charges and deferred income492/3€32,500
Income statement Code2024
Remuneration, social security and pensions62€140,898
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,248
Other operating charges640/8€1,636
Gross operating margin9900€246,628
Operating profit (loss)9901€86,846
Financial income75/76B€17,928
Recurring financial income75€428
Non-recurring financial income76B€17,500
Financial charges65/66B€10,161
Recurring financial charges65€10,161
Profit (loss) for the period before taxes9903€94,613
Income taxes67/77€20,019
Profit (loss) for the period9904€74,593
Profit (loss) for the period to be appropriated9905€74,593
Appropriation of the result
Profit (loss) to be appropriated9906€74,593
Social balance
Average headcount (FTE)90874.0

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€140,898
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,248
Other operating charges640/8€1,636
Gross operating margin9900€246,628
Operating profit (loss)9901€86,846
Financial income75/76B€17,928
Recurring financial income75€428
Non-recurring financial income76B€17,500
Financial charges65/66B€10,161
Recurring financial charges65€10,161
Profit (loss) for the period before taxes9903€94,613
Income taxes67/77€20,019
Profit (loss) for the period9904€74,593
Profit (loss) for the period to be appropriated9905€74,593
Line2024
Assets
Total assets20/58€304,654
Fixed assets21/28€100,883
Tangible fixed assets22/27€100,883
Plant, machinery and equipment23€88,140
Other tangible fixed assets26€12,743
Current assets29/58€203,771
Stocks and contracts in progress3€12,496
Stocks30/36€12,496
Amounts receivable within one year40/41€178,362
Trade receivables40€81,848
Other amounts receivable41€96,513
Cash at bank and in hand54/58€12,461
Deferred charges and accrued income490/1€452
Equity and liabilities
Total equity and liabilities10/49€304,654
Equity10/15€93,193
Contributions10/11€18,600
Profit (loss) carried forward14€74,593
Amounts payable17/49€211,460
Amounts payable after more than one year17€39,678
Financial debts170/4€39,678
Amounts payable within one year42/48€139,283
Current portion of amounts payable after more than one year42€14,624
Trade debts44€75,872
Suppliers440/4€75,872
Advances received on contracts in progress46€2,372
Taxes, remuneration and social security45€46,416
Taxes450/3€30,429
Remuneration and social security454/9€15,987
Accrued charges and deferred income492/3€32,500
Line2024
Profit (loss) for the period9904€74,593
+ Depreciation and write-downs630€17,248
Operating cash flow (approximation)€91,842

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
12-12
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 134 days late
NBB filing
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, Beveren · 1 establishment unit since 2023
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.

Singelweg(onteigend) 29120 Beveren
1 establishment unit
Hole10
Singelweg(onteigend) 2, 9120 BeverenRetail trade
since 20232.343.457.939

Recognitions · licences · registrations

Food safety, FASFC

1 site
Beveren-Kruibeke-Zwijndrecht2.343.457.939
1 permission
Toelating · Eetgelegenheid · since 19-04-2023

Dual-learning approval

1 live approval
Restaurant en keuken duaal (so)
Goedgekeurd · 2026 to 2031

Similar companies · same sector, comparable size

Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 9,649 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
Founded29-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47639Retail sale of other sporting goods
56112Limited-service restaurants, excluding mobile food services
56210Event catering
85510Sports and recreation education
93110Operation of sports facilities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800109547
Also 9925:BE0800109547
Registered 07-07-2026

Register as of 27 September 2026 · Peppol Directory

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