Horecatoppers

Active

Private limited companyfounded 20178 yrs activeKlein-Mechelen(BOR) 18B-30, 2880 Bornem, BelgiumKBO/BCE: BE 0681.731.638

The computed 12-month bankruptcy probability of Horecatoppers is 2.6% (moderate). The 2025 annual accounts show negative equity (€-205k) and a net result of €99k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 3619 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

37 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability81▲+81

Solvency4▲+4

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.53 against 0.33 in 2024; short-term debt: 116.1% and cash: 0.7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3619 sector peers (2025).

NBB · sector comparison

Position among 3619 sector peers

Solvency

better than 16%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-03-2026, 33 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

33 d early

2024

182 d late

2023

13 d early

2022

2 d late

2021

19 d early

2020

43 d early

2019

39 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

17-09-2026 today30-09-2026 close30-04-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€-205k▲ 32.6%

2024 · €-304k

2018: €25k 2019: €57k 2020: €79k 2021: €60k 2022: €-76k 2023: €43k 2024: €-304k

2018 → 2025

Total assets

€973k▼ 4.1%

2024 · €1.01M

2018: €447k 2019: €485k 2020: €558k 2021: €542k 2022: €518k 2023: €655k 2024: €1.01M

2018 → 2025

Net result

€99k

2024 · €-347k

2018: €5k 2019: €32k 2020: €22k 2021: €-18k 2022: €-136k 2023: €118k 2024: €-347k

2018 → 2025

Working capital

€-533k▲ 33.2%

2024 · €-798k

2018: €-170k 2019: €-177k 2020: €-163k 2021: €-115k 2022: €-248k 2023: €-204k 2024: €-798k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€60k-€-76k€43k€-304k€-205k▲ 32.6%

Operating result€-11k-€-127k▼ 1,085%€134k€-340k€102k

Net result€-18k-€-136k▼ 649%€118k€-347k€99k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €102k after a loss of €340k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €973k

38.6%

61.4%

Fixed assets €376k▼ 39.0%

Current assets €597k▲ 49.8%

Key figures and ratios

2025 value · change against 2024

EBITDA

€191k▲

2024 · €-217k

Cash flow

€188k▲

2024 · €-224k

Solvency

-21.1%▲

2024 · -30.0%

Current ratio

0.53▲

2024 · 0.33

Quick ratio

0.50▲

2024 · 0.28

Debt / equity

-5.75▼

2024 · -4.34

ROA

10.2%▲

2024 · -34.2%

Interest coverage

61.29▲

2024 · -30.62

Debt

€1.18M▼

2024 · €1.32M

Debt ≤ 1 year

€1.13M▼

2024 · €1.20M

Debt > 1 year

€48k▼

2024 · €122k

Income taxes

€158▼

2024 · €194

Staff costs

€1.06M▲

2024 · €910k

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

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.01M€973k▼

Fixed assets21/28€616k€376k▼

Intangible fixed assets21€82k€6k▼

Tangible fixed assets22/27€534k€365k▼

Plant, machinery and equipment23€411k€262k▼

Furniture and vehicles24€102k€87k▼

Leasing and similar rights25€21k€17k▼

Financial fixed assets28-€5k

Current assets29/58€398k€597k▲

Stocks and contracts in progress3€64k€30k▼

Stocks30/36€64k€30k▼

Amounts receivable within one year40/41€185k€556k▲

Trade receivables40€33k€41k▲

Other amounts receivable41€152k€516k▲

Current investments50/53-€3k

Cash at bank and in hand54/58€127k€6k▼

Deferred charges and accrued income490/1€22k€688▼

Equity and liabilities

Total equity and liabilities10/49€1.01M€973k▼

Equity10/15€-304k€-205k▲

Contributions10/11€20k€20k=

Reserves13€32k€32k=

Distributable reserves133€32k€32k=

Profit (loss) carried forward14€-356k€-257k▲

Amounts payable17/49€1.32M€1.18M▼

Amounts payable after more than one year17€122k€48k▼

Financial debts170/4€79k€48k▼

Other amounts payable178/9€44k-

Amounts payable within one year42/48€1.20M€1.13M▼

Current portion of amounts payable after more than one year42€68k€19k▼

Financial debts43-€62k

Credit institutions430/8-€33k

Other loans439-€29k

Trade debts44€879k€695k▼

Suppliers440/4€879k€695k▼

Advances received on contracts in progress46-€2k

Taxes, remuneration and social security45€132k€226k▲

Taxes450/3€16k€81k▲

Remuneration and social security454/9€116k€146k▲

Other amounts payable47/48€117k€125k▲

Income statement Code20242025

Non-recurring operating income76A-€21k

Remuneration, social security and pensions62€910k€1.06M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€89k▼

Other operating charges640/8€18k€123k▲

Non-recurring operating charges66A€12k-

Gross operating margin9900€723k€1.37M▲

Operating profit (loss)9901€-340k€102k▲

Financial income75/76B€617€30▼

Recurring financial income75€617€30▼

Financial charges65/66B€7k€3k▼

Recurring financial charges65€7k€3k▼

Profit (loss) for the period before taxes9903€-346k€99k▲

Income taxes67/77€194€158▼

Profit (loss) for the period9904€-347k€99k▲

Profit (loss) for the period to be appropriated9905€-347k€99k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-356k€-257k▲

Profit (loss) brought forward from the previous period14P€-9k€-356k▼

Social balance

Average headcount (FTE)908722.028.6▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

Next filing, fiscal year 2026, expected by 30-04-2027

2026

28-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

29-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 182 days late

30-09

Financial Back to profitnet €99k

Net result €99k after one loss-making year.

2024

30-09

Financial Weakest financial yearnet €-347k ▼393%

Net result drops to €-347k, the lowest in the series; recovery starts the following year.

17-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

30-09

Financial Back to profitnet €118k

Net result €118k after 2 loss-making years.

02-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 2 days late

2022

11-04

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

18-03

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

22-03

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

05-04

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

Financial 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, Bornem · 2 establishment units since 2023

establishment approximate All 2 establishment units on the map

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.

Klein-Mechelen(BOR) 18B-302880 Bornem

Ground area

7.5 ha

Building footprint

3.6 ha

Volume, LiDAR

160,399 m³

3 parcels, Flanders · tallest building 17.7 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

Klein-Mechelen(BOR) 18B, 2880 Bornem

Event catering

since 20232.352.387.481

Horecatoppers

Brokkelingenstraat 12, 9100 Sint-NiklaasFull-service restaurants

since 20262.387.509.894

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46446B1259/00A000	Flanders	3.0 ha	1 · 41 m²	13.9 m · 1 fl.
12007C0210/00W000	Flanders	2.9 ha	1 · 2.7 ha	17.7 m · 2 fl.
12007C0210/00V000	Flanders	1.6 ha	1 · 9,221 m²	2.1 m