House On Fire
Open bankruptcyA bankruptcy procedure is open for House On Fire according to publications in the Belgian State Gazette; curator: PATRICK CONTENT. The 2024 annual accounts show negative equity (€-18k) and a net result of €-7k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€18k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 25-09-2024, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
36 d early
2023
1 d early
2022
6 d early
2021
31 d early
2020
27 d late
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-18k▼ 59.0%
2023 · €-11k
2019: €24k
2020: €-16k
2021: €-12k
2022: €-15k
2023: €-11k
2019 → 2024
Total assets
€16k▼ 26.4%
2023 · €21k
2019: €92k
2020: €9k
2021: €8k
2022: €14k
2023: €21k
2019 → 2024
Net result
€-7k
2023 · €3k
2019: €15k
2020: €-39k
2021: €4k
2022: €-3k
2023: €3k
2019 → 2024
Working capital
€-15k▼ 189%
2023 · €-5k
2019: €985
2020: €-16k
2021: €-12k
2022: €-15k
2023: €-5k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-12k▲ 25.5%€-15k▼ 25.3%€-11k▲ 22.4%€-18k▼ 59.0%
Operating result€-36k-€4k€-3k€4k€-6k
Net result€-39k-€4k€-3k€3k€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16k
Fixed assets
€2k▼ 32.3%
Current assets
€14k▼ 25.7%
Key figures and ratios
EBITDA
€-5k▼
2023 · €4k
Cash flow
€-6k▼
2023 · €4k
Solvency
-114.9%▼
2023 · -53.2%
Current ratio
0.48▼
2023 · 0.78
Quick ratio
0.13▼
2023 · 0.38
Debt / equity
-1.87▲
2023 · -2.88
ROE
37.1%▲
2023 · -28.9%
ROA
-42.6%▼
2023 · 15.4%
Interest coverage
-8.39▼
2023 · 8.88
Debt
€34k▲
2023 · €33k
Debt ≤ 1 year
€29k▲
2023 · €24k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€21k€16k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€950€521▼
Current assets29/58€19k€14k▼
Stocks and contracts in progress3€10k€10k▲
Stocks30/36€10k€10k▲
Amounts receivable within one year40/41€1k€968▼
Trade receivables40€205-
Other amounts receivable41€968€968=
Current investments50/53€1-
Cash at bank and in hand54/58€8k€3k▼
Deferred charges and accrued income490/1€214€63▼
Equity and liabilities
Total equity and liabilities10/49€21k€16k▼
Equity10/15€-11k€-18k▼
Contributions10/11€12k€12k=
Reserves13€557€557=
Non-distributable reserves130/1€557-
Reserves not available under the articles1311€557-
Distributable reserves133-€557
Profit (loss) carried forward14€-24k€-31k▼
Amounts payable17/49€33k€34k▲
Amounts payable within one year42/48€24k€29k▲
Financial debts43-€9
Credit institutions430/8-€9
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€18k€18k▼
Accrued charges and deferred income492/3€8k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€593€760▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€9k€-980▼
Operating profit (loss)9901€4k€-6k▼
Financial income75/76B€6€5▼
Recurring financial income75€6€5▼
Financial charges65/66B€491€631▲
Recurring financial charges65€491€631▲
Profit (loss) for the period before taxes9903€3k€-7k▼
Profit (loss) for the period9904€3k€-7k▼
Profit (loss) for the period to be appropriated9905€3k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-31k▼
Profit (loss) brought forward from the previous period14P€-28k€-24k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · HOUSE ON FIRE BV WAPEN- PLEIN 17/0206, 8400 OOSTENDE · event 04-09-2025
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
31-03
Financial
Weakest financial yearnet €-39k ▼354%
Net result drops to €-39k, the lowest in the series.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oostende · 1 establishment unit since 2017
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.
Wapenplein 178400 OostendeGround area
3,808 m²
Building footprint
3,770 m²
Volume, LiDAR
69,253 m³
Parcel 35013A0847/00D000, Flanders · tallest building 59.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Café Royal
since 20172.261.002.593
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0847/00D000 | Flanders | 3,808 m² | 1 · 3,770 m² | 59.5 m · 6 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PATRICK CONTENT JOZEF II-STRAAT 18,
8400 OOSTENDE |
04-09-2025 → present |
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Of 21,627 companies in sector 56112 we hold annual accounts for 9,656. 8,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2017
Fiscal year end31-03
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
95316Washing and cleaning of motor vehicles
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.