IS KA
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (137 days) Filed on 15 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00582865.
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€419,494▼ 26.8%
2022 · €572,801
EBIT margin
6.0%▼ 20.6pp
2022 · 26.6%
Net result
-€108,476
2023 · €20,683
Working capital
€57,038▼ 79.9%
2023 · €283,194
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result turns negative in 2024: a loss of €93,136 after €25,227 in 2023, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€419,494
2023
Operating result-€93,136
2024
Net result-€108,476
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€377,545
2024
Equity€188,808
2024
Debt€188,737
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€57,038
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin6.0%
2023
Return on assets (ROA)-28.7%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency50.0%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.30
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€490,301-€494,896▲ 0.9%€392,371▼ 20.7%€525,079▲ 33.8%€572,801▲ 9.1%€419,494▼ 26.8%
Operating result€1,340--€19,809€4,619€93,825▲ 20×€152,552▲ 62.6%€25,227▼ 83.5%-€93,136
Net result-€4,871--€38,048▼ 681%-€9,198within the sector's middle half▲ 75.8%€93,639above the sector's middle half€152,552above the sector's middle half▲ 62.9%€20,683above the sector's middle half▼ 86.4%-€108,476below the sector's middle half
EBIT margin0.3%--4.0%▼ 4.3pp1.2%▲ 5.2pp17.9%▲ 16.7pp26.6%▲ 8.8pp6.0%▼ 20.6pp
Equity€77,606-€39,559▼ 49.0%€30,361within the sector's middle half▼ 23.3%€123,999above the sector's middle half▲ 308%€276,551above the sector's middle half▲ 123%€297,284above the sector's middle half▲ 7.5%€188,808above the sector's middle half▼ 36.5%
Total assets€89,158-€72,029▼ 19.2%€110,535within the sector's middle half▲ 53.5%€174,373within the sector's middle half▲ 57.8%€318,277above the sector's middle half▲ 82.5%€341,348above the sector's middle half▲ 7.2%€377,545above the sector's middle half▲ 10.6%
Debt€11,551-€32,471▲ 181%€80,174▲ 147%€50,374▼ 37.2%€41,726▼ 17.2%€44,064▲ 5.6%€188,737▲ 328%
Working capital€42,664-€30,253▼ 29.1%€27,236within the sector's middle half▼ 10.0%€102,766above the sector's middle half▲ 277%€255,711above the sector's middle half▲ 149%€283,194above the sector's middle half▲ 10.7%€57,038above the sector's middle half▼ 79.9%
Solvency87.0%-54.9%▼ 32.1pp27.5%within the sector's middle half▼ 27.5pp71.1%above the sector's middle half▲ 43.6pp86.9%above the sector's middle half▲ 15.8pp87.1%above the sector's middle half▲ 0.2pp50.0%within the sector's middle half▼ 37.1pp
Current ratio4.69-1.98▼ 2.711.34within the sector's middle half▼ 0.643.04above the sector's middle half▲ 1.707.13above the sector's middle half▲ 4.097.43above the sector's middle half▲ 0.301.30within the sector's middle half▼ 6.12
Return on assets (ROA)-5.5%--52.8%▼ 47.4pp-8.3%within the sector's middle half▲ 44.5pp53.7%above the sector's middle half▲ 62.0pp47.9%above the sector's middle half▼ 5.8pp6.1%within the sector's middle half▼ 41.9pp-28.7%below the sector's middle half▼ 34.8pp
Staff (FTE)1.7
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €377,545
Fixed assets
€131,770 ▲ 835%
Current assets
€245,775 ▼ 24.9%
Equity and liabilities €377,545
Equity
€188,808 ▼ 36.5%
Debt
€188,737 ▲ 328%
Debt's share of the balance-sheet total rises from 12.9% to 50.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€73,561▼
2023 · €32,920
Cash flow
-€88,901▼
2023 · €28,375
Quick ratio
1.26▼
2023 · 7.22
Debt to equity
1.00▲
2023 · 0.15
ROE
-57.5%▼
2023 · 7.0%
Interest coverage
-453.72▼
2023 · over 100
Debt ≤ 1 year
€188,737▲
2023 · €44,064
Income taxes
€15,178▲
2023 · €4,382
Staff costs
€48,428▼
2023 · €70,946
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €490,301 | €494,896 | €392,371 | €525,079 | €572,801 | €419,494 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €351,797 | €398,466 | €327,533 | €314,261 | - | - |
| Remuneration, social security and pensions62 | - | - | €22,685 | €56,735 | €80,140 | €70,946 | €48,428 | ▼ 31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,667 | €24,842 | €11,311 | €6,165 | €7,597 | €7,693 | €19,575 | ▲ 154% |
| Other operating charges640/8 | - | - | €1,958 | €1,535 | €6,910 | €2,199 | €8,124 | ▲ 269% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €58 | - |
| Gross operating margin9900 | €70,989 | €68,603 | €40,573 | €158,259 | €247,199 | €106,066 | -€16,951 | - |
| Operating profit (loss)9901 | €1,340 | -€19,809 | €4,619 | €93,825 | €152,552 | €25,227 | -€93,136 | - |
| Financial income75/76B | - | - | €666 | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | €1 | €1 | - | - | - | - |
| Non-recurring financial income76B | - | - | €665 | - | - | - | - | - |
| Financial charges65/66B | - | - | €2,337 | €187 | - | €163 | €162 | ▼ 0.5% |
| Recurring financial charges65 | €2,826 | €60 | €131 | €187 | - | €163 | €162 | ▼ 0.5% |
| Non-recurring financial charges66B | - | - | €2,206 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2,831 | -€23,151 | €2,948 | €93,639 | €152,552 | €25,064 | -€93,298 | - |
| Income taxes67/77 | €2,040 | €14,897 | €12,146 | - | - | €4,382 | €15,178 | ▲ 246% |
| Profit (loss) for the period9904 | -€4,871 | -€38,048 | -€9,198 | €93,639 | €152,552 | €20,683 | -€108,476 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,871 | -€38,048 | -€9,198 | €93,639 | €152,552 | €20,683 | -€108,476 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €89,158 | €72,029 | €110,535 | €174,373 | €318,277 | €341,348 | €377,545 | ▲ 10.6% |
| Fixed assets21/28 | €34,942 | €10,975 | €3,125 | €21,234 | €20,840 | €14,090 | €131,770 | ▲ 835% |
| Tangible fixed assets22/27 | €34,942 | €10,975 | €3,125 | €21,234 | €20,840 | €14,090 | €131,770 | ▲ 835% |
| Furniture and vehicles24 | - | - | €3,125 | €21,234 | €20,840 | €14,090 | €131,770 | ▲ 835% |
| Current assets29/58 | €54,216 | €61,055 | €107,410 | €153,140 | €297,437 | €327,258 | €245,775 | ▼ 24.9% |
| Stocks and contracts in progress3 | €11,176 | €11,176 | €11,176 | €10,676 | €9,976 | €9,026 | €8,376 | ▼ 7.2% |
| Stocks30/36 | - | - | €11,176 | €10,676 | €9,976 | €9,026 | €8,376 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €5,436 | €11,744 | €51,106 | €119,499 | €278,694 | €282,865 | €223,330 | ▼ 21.0% |
| Trade receivables40 | - | - | €39,348 | €9,954 | €12,743 | €9,580 | €23,038 | ▲ 140% |
| Other amounts receivable41 | - | - | €11,758 | €109,546 | €265,952 | €273,285 | €200,293 | ▼ 26.7% |
| Cash at bank and in hand54/58 | €32,526 | €32,871 | €42,072 | €19,908 | €5,710 | €32,311 | €11,012 | ▼ 65.9% |
| Deferred charges and accrued income490/1 | - | - | €3,057 | €3,057 | €3,057 | €3,057 | €3,057 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €89,158 | €72,029 | €110,535 | €174,373 | €318,277 | €341,348 | €377,545 | ▲ 10.6% |
| Equity10/15 | €77,606 | €39,559 | €30,361 | €123,999 | €276,551 | €297,284 | €188,808 | ▼ 36.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €5,305 | €5,305 | €5,305 | €5,305 | €5,305 | €5,305 | €5,305 | = |
| Non-distributable reserves130/1 | - | - | €5,305 | €5,305 | €5,305 | €5,305 | €5,305 | = |
| Legal reserve130 | - | - | €5,305 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,305 | €5,305 | €5,305 | €5,305 | = |
| Profit (loss) carried forward14 | €53,701 | €15,654 | €6,456 | €100,094 | €252,646 | €273,379 | €164,903 | ▼ 39.7% |
| Amounts payable17/49 | €11,551 | €32,471 | €80,174 | €50,374 | €41,726 | €44,064 | €188,737 | ▲ 328% |
| Amounts payable within one year42/48 | €11,551 | €30,801 | €80,174 | €50,374 | €41,726 | €44,064 | €188,737 | ▲ 328% |
| Current portion of amounts payable after more than one year42 | - | - | €2,403 | €20,833 | €19,917 | €18,000 | €120,390 | ▲ 569% |
| Trade debts44 | €3,076 | - | €29,885 | €20,952 | €8,583 | €1,639 | €34,326 | ▲ 21× |
| Suppliers440/4 | - | - | €29,885 | €20,952 | €8,583 | €1,639 | €34,326 | ▲ 21× |
| Taxes, remuneration and social security45 | - | - | €47,886 | €8,589 | €13,226 | €22,691 | €32,255 | ▲ 42.2% |
| Taxes450/3 | - | - | - | €467 | €184 | €493 | €1,522 | ▲ 209% |
| Remuneration and social security454/9 | - | - | €47,886 | €8,122 | €13,042 | €22,198 | €30,733 | ▲ 38.4% |
| Other amounts payable47/48 | - | - | - | - | - | €1,734 | €1,766 | ▲ 1.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,871 | -€38,048 | -€9,198 | €93,639 | €152,552 | €20,683 | -€108,476 | - |
| + Depreciation and write-downs630 | €24,667 | €24,842 | €11,311 | €6,165 | €7,597 | €7,693 | €19,575 | ▲ 154% |
| Operating cash flow (approximation) | €19,797 | -€13,205 | €2,113 | €99,803 | €160,149 | €28,375 | -€88,901 | - |
| Investment in fixed assets (approximation) | - | -€875 | -€3,461 | -€24,273 | -€7,204 | -€943 | -€137,255 | ▼ 14,463% |
| Change in cash | - | €345 | €9,201 | -€22,164 | -€14,197 | €26,600 | -€21,299 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 15-12-2025 | 2025-00582865 |
| 31-12-2023 | micro format | 15-12-2025 | 2025-00582817 |
| 31-12-2022 | micro format | 21-06-2024 | 2024-00172721 |
| 31-12-2021 | micro format | 21-06-2024 | 2024-00166181 |
| 31-12-2020 | full format | 13-07-2022 | 2022-20188020 |
| 31-12-2019 | full format | 30-06-2021 | 2021-27800250 |
| 31-12-2018 | full format | 10-07-2020 | 2020-30300383 |
| 31-12-2017 | full format | 07-06-2019 | 2019-16800010 |
| 31-12-2016 | full format | 13-10-2017 | 2017-66900495 |
| 31-12-2015 | full format | 10-10-2016 | 2016-65300299 |
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Of the 20,116 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,696. 8,757 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.