IZZO
ActiveSummary
The computed 12-month bankruptcy probability of IZZO is 3.1% (moderate). The 2025 annual accounts show equity of €30,000 and a net result of €4,435. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 88% of 13617 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 6.91 in 2024; short-term debt: 23.9% and cash: 18.3% of total assets), and 23.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.1%
Return on assets
11.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €30,000
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
31 d late
2022
73 d late
2021
42 d early
2020
179 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 49 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€30,000▲ 17.3%
2024 · €25,565
Total assets
€39,414▲ 32.3%
2024 · €29,788
Net result
€4,435▼ 80.3%
2024 · €22,546
Working capital
€25,420▲ 1.8%
2024 · €24,974
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,292-€15,197€5,045€24,541▲ 386%€6,659▼ 72.9%
Net result€21,659within the sector's middle half-€16,037below the sector's middle half€4,591within the sector's middle half€22,546within the sector's middle half▲ 391%€4,435within the sector's middle half▼ 80.3%
Equity€14,465within the sector's middle half-€1,571within the sector's middle half€3,019within the sector's middle half€25,565within the sector's middle half▲ 747%€30,000within the sector's middle half▲ 17.3%
Total assets€20,787below the sector's middle half▲ 143%€9,354below the sector's middle half▼ 55.0%€7,574below the sector's middle half▼ 19.0%€29,788below the sector's middle half▲ 293%€39,414below the sector's middle half▲ 32.3%
Debt€6,321▼ 59.8%€10,925▲ 72.8%€4,555▼ 58.3%€4,223▼ 7.3%€9,413▲ 123%
Working capital€14,465within the sector's middle half-€1,515within the sector's middle half€3,395within the sector's middle half€24,974within the sector's middle half▲ 636%€25,420within the sector's middle half▲ 1.8%
Solvency69.6%above the sector's middle half▲ 153.8pp-16.8%below the sector's middle half▼ 86.4pp39.9%within the sector's middle half▲ 56.7pp85.8%above the sector's middle half▲ 46.0pp76.1%above the sector's middle half▼ 9.7pp
Current ratio3.29above the sector's middle half▲ 2.750.85within the sector's middle half▼ 2.441.90within the sector's middle half▲ 1.046.91above the sector's middle half▲ 5.023.70above the sector's middle half▼ 3.21
Return on assets (ROA)104.2%above the sector's middle half▲ 270.3pp-171.4%below the sector's middle half▼ 275.6pp60.6%above the sector's middle half▲ 232.0pp75.7%above the sector's middle half▲ 15.1pp11.3%within the sector's middle half▼ 64.4pp
Staff (FTE)1=1=0.5▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,414
Fixed assets
€4,580 ▲ 674%
Current assets
€34,834 ▲ 19.3%
Equity and liabilities €39,414
Equity
€30,000 ▲ 17.3%
Debt
€9,413 ▲ 123%
Debt's share of the balance-sheet total rises from 14.2% to 23.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,014▼
2024 · €24,555
Cash flow
€4,790▼
2024 · €22,560
Quick ratio
2.56▼
2024 · 5.97
Debt to equity
0.31▲
2024 · 0.17
ROE
14.8%▼
2024 · 88.2%
Interest coverage
11.20▼
2024 · 49.53
Debt ≤ 1 year
€9,413▲
2024 · €4,223
Income taxes
€1,722▲
2024 · €1,563
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,544 | €23,649 | €18,147 | €9,218 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €250 | €320 | €14 | €355 | ▲ 2,468% |
| Other operating charges640/8 | €1,690 | €2,693 | €2,812 | €3,888 | €3,225 | ▼ 17.0% |
| Non-recurring operating charges66A | - | - | - | €390 | - | - |
| Gross operating margin9900 | €31,526 | €11,394 | €26,323 | €38,051 | €10,239 | ▼ 73.1% |
| Operating profit (loss)9901 | €22,292 | -€15,197 | €5,045 | €24,541 | €6,659 | ▼ 72.9% |
| Financial income75/76B | €28 | €0 | - | €64 | €124 | ▲ 93.8% |
| Recurring financial income75 | €28 | €0 | - | €64 | €124 | ▲ 93.8% |
| Financial charges65/66B | €552 | €637 | €465 | €496 | €626 | ▲ 26.4% |
| Recurring financial charges65 | €552 | €637 | €465 | €496 | €626 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | €21,768 | -€15,834 | €4,580 | €24,109 | €6,157 | ▼ 74.5% |
| Income taxes67/77 | €110 | €202 | -€11 | €1,563 | €1,722 | ▲ 10.1% |
| Profit (loss) for the period9904 | €21,659 | -€16,037 | €4,591 | €22,546 | €4,435 | ▼ 80.3% |
| Profit (loss) for the period to be appropriated9905 | €21,659 | -€16,037 | €4,591 | €22,546 | €4,435 | ▼ 80.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,787 | €9,354 | €7,574 | €29,788 | €39,414 | ▲ 32.3% |
| Fixed assets21/28 | - | €709 | €390 | €592 | €4,580 | ▲ 674% |
| Tangible fixed assets22/27 | - | €709 | €390 | €592 | €4,580 | ▲ 674% |
| Furniture and vehicles24 | - | €709 | €390 | €592 | €4,580 | ▲ 674% |
| Current assets29/58 | €20,787 | €8,645 | €7,185 | €29,196 | €34,834 | ▲ 19.3% |
| Stocks and contracts in progress3 | €4,000 | €2,715 | €4,000 | €4,000 | €10,750 | ▲ 169% |
| Stocks30/36 | €4,000 | €2,715 | €4,000 | €4,000 | €10,750 | ▲ 169% |
| Amounts receivable within one year40/41 | €1,323 | €19 | €277 | €4,762 | €14,396 | ▲ 202% |
| Other amounts receivable41 | €1,323 | €19 | €277 | €4,762 | €14,396 | ▲ 202% |
| Cash at bank and in hand54/58 | €14,997 | €3,256 | €1,696 | €18,175 | €7,213 | ▼ 60.3% |
| Deferred charges and accrued income490/1 | €467 | €2,655 | €1,212 | €2,259 | €2,474 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,787 | €9,354 | €7,574 | €29,788 | €39,414 | ▲ 32.3% |
| Equity10/15 | €14,465 | -€1,571 | €3,019 | €25,565 | €30,000 | ▲ 17.3% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €7,465 | - | - | €18,565 | €23,000 | ▲ 23.9% |
| Distributable reserves133 | €7,465 | - | - | €18,565 | €23,000 | ▲ 23.9% |
| Profit (loss) carried forward14 | - | -€8,571 | -€3,981 | - | - | - |
| Amounts payable17/49 | €6,321 | €10,925 | €4,555 | €4,223 | €9,413 | ▲ 123% |
| Amounts payable within one year42/48 | €6,321 | €10,160 | €3,790 | €4,223 | €9,413 | ▲ 123% |
| Trade debts44 | €2,449 | €851 | €560 | €506 | €4,284 | ▲ 747% |
| Suppliers440/4 | €2,449 | €851 | €560 | €506 | €4,284 | ▲ 747% |
| Taxes, remuneration and social security45 | €3,512 | €8,655 | €2,852 | €3,717 | €5,129 | ▲ 38.0% |
| Taxes450/3 | €2,780 | €3,864 | €2,852 | €3,717 | €5,129 | ▲ 38.0% |
| Remuneration and social security454/9 | €732 | €4,791 | - | - | - | - |
| Other amounts payable47/48 | €360 | €654 | €378 | - | - | - |
| Accrued charges and deferred income492/3 | - | €765 | €765 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,659 | -€16,037 | €4,591 | €22,546 | €4,435 | ▼ 80.3% |
| + Depreciation and write-downs630 | - | €250 | €320 | €14 | €355 | ▲ 2,468% |
| Operating cash flow (approximation) | €21,659 | -€15,787 | €4,910 | €22,560 | €4,790 | ▼ 78.8% |
| Investment in fixed assets (approximation) | - | - | €0 | -€216 | -€4,343 | ▼ 1,911% |
| Change in cash | - | -€11,741 | -€1,560 | €16,480 | -€10,962 | ▼ 167% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2020net €22,546 ▲391%
Operating result €24,541, net result €22,546, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 6.91
Current ratio from 1.90 to 6.91.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €4,591
Net result €4,591 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.90
Current ratio from 0.85 to 1.90; short-term debt falls from €10,160 to €3,790.
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
31-12
Financial
Weakest financial yearnet -€16,037
Net result drops to -€16,037, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 179 days late
2021
31-12
Financial
Back to profitnet €21,659
Net result €21,659 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 3.29
Current ratio from 0.54 to 3.29; short-term debt falls from €15,739 to €6,321.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Avelgem · 1 establishment unit since 2019
Ground area
300 m²
Building footprint
176 m²
Volume, LiDAR
982 m³
Parcel 34003A3177/00W000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IZZO
since 20192.295.720.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A3177/00W000 | Flanders | 300 m² | 1 · 176 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAvelgem2.295.720.180
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,777. 8,381 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
Founded07-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737525147
Also
9925:BE0737525147
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.