ITALIAN PUB

Active

Private limited companyfounded 200916 yrs activeVenneborglaan 24, 2100 Antwerpen, BelgiumKBO/BCE: BE 0819.973.365

The computed 12-month bankruptcy probability of ITALIAN PUB is 1.9% (moderate). The 2024 annual accounts show equity of €123k and a net result of €-6k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 18942 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

43 / 100

Weak

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

Axes · tick = 2023

Profitability23▼-16

Solvency63▼-10

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days only on tighter terms

Liquidity ample (current ratio 1.88 against 2.44 in 2023; short-term debt: 53.1% and cash: 7.8% of total assets), but 61.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+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 →

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

38.3%

Return on assets

-1.8%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

78 d late

2023

86 d late

2022

25 d late

2021

95 d late

2020

126 d late

2019

131 d late

← before the deadline after the 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 2024, micro schema

Equity

€123k▼ 4.5%

2023 · €129k

2018: €6k 2019: €8k 2020: €51k 2021: €97k 2022: €123k 2023: €129k

2018 → 2024

Total assets

€322k▲ 20.8%

2023 · €266k

2018: €96k 2019: €102k 2020: €123k 2021: €198k 2022: €253k 2023: €266k

2018 → 2024

Net result

€-6k

2023 · €5k

2018: €4k 2019: €1k 2020: €44k 2021: €55k 2022: €42k 2023: €5k

2018 → 2024

Working capital

€151k▲ 0.1%

2023 · €151k

2018: €7k 2019: €4k 2020: €47k 2021: €104k 2022: €126k 2023: €151k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€51k-€97k▲ 87.7%€123k▲ 27.9%€129k▲ 4.4%€123k▼ 4.5%

Operating result€59k-€72k▲ 22.8%€57k▼ 20.3%€17k▼ 71.2%€5k▼ 67.2%

Net result€44k-€55k▲ 25.4%€42k▼ 23.9%€5k▼ 87.0%€-6k

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

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 67% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €322k

38.3%

61.7%

Equity €123k▼ 4.5%

Debt €198k▲ 44.5%

The debt ratio rises from 51.6% to 61.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€8k▼

2023 · €20k

Cash flow

€-3k▼

2023 · €9k

Solvency

38.3%▼

2023 · 48.4%

Current ratio

1.88▼

2023 · 2.44

Quick ratio

1.85▼

2023 · 2.40

Debt / equity

1.61▲

2023 · 1.06

ROE

-4.7%▼

2023 · 4.2%

ROA

-1.8%▼

2023 · 2.1%

Interest coverage

0.76▼

2023 · 2.08

Debt

€198k▲

2023 · €137k

Debt ≤ 1 year

€171k▲

2023 · €104k

Debt > 1 year

€28k▼

2023 · €33k

Income taxes

€56▼

2023 · €2k

Staff costs

€197k▲

2023 · €147k

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€266k€322k▲

Fixed assets21/28€11k-

Tangible fixed assets22/27€3k-

Furniture and vehicles24€3k-

Financial fixed assets28€8k-

Current assets29/58€255k€322k▲

Stocks and contracts in progress3€5k€6k▲

Stocks30/36€5k€6k▲

Amounts receivable within one year40/41€227k€290k▲

Other amounts receivable41€227k€290k▲

Cash at bank and in hand54/58€24k€25k▲

Equity and liabilities

Total equity and liabilities10/49€266k€322k▲

Equity10/15€129k€123k▼

Contributions10/11€19k€19k=

Reserves13€32k€32k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14€78k€73k▼

Amounts payable17/49€137k€198k▲

Amounts payable after more than one year17€33k€28k▼

Financial debts170/4€33k€28k▼

Amounts payable within one year42/48€104k€171k▲

Current portion of amounts payable after more than one year42€23k€36k▲

Financial debts43€10k€10k▲

Credit institutions430/8€10k€10k▲

Trade debts44€58k€78k▲

Suppliers440/4€58k€78k▲

Taxes, remuneration and social security45€13k€46k▲

Taxes450/3€5k€33k▲

Remuneration and social security454/9€8k€13k▲

Income statement Code20232024

Remuneration, social security and pensions62€147k€197k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼

Other operating charges640/8€914€1k▲

Gross operating margin9900€167k€207k▲

Operating profit (loss)9901€17k€5k▼

Financial income75/76B€6€0▼

Recurring financial income75€6€0▼

Financial charges65/66B€9k€11k▲

Recurring financial charges65€9k€11k▲

Profit (loss) for the period before taxes9903€7k€-6k▼

Income taxes67/77€2k€56▼

Profit (loss) for the period9904€5k€-6k▼

Profit (loss) for the period to be appropriated9905€5k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€78k€73k▼

Profit (loss) brought forward from the previous period14P€73k€78k▲

The notes to these accounts (7 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 13Financial 3Filings 10

2025

17-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 78 days late

2024

31-12

Financial Weakest financial yearnet €-6k ▼206%

Net result drops to €-6k, the lowest in the series.

25-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 86 days late

2023

25-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 25 days late

2022

31-12

Financial Equity above €100kEq €123k ▲27.9%

5 profitable years in a row build equity to €123k.

03-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 95 days late

2021

31-12

Financial Highest result since 2018net €55k ▲25.4%

Operating result €72k, net result €55k, both a record.

04-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 126 days late

2020

09-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 131 days late

2019

03-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 34 days late

2018

11-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 42 days late

2017

11-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 42 days late

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2011

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

25-10-2011 Resigned as Manager

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2009

establishment The establishment unit 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.

Venneborglaan 242100 Antwerpen

Ground area

309 m²

Building footprint

77 m²

Volume, LiDAR