K & ER
ActiveSummary
The computed 12-month bankruptcy probability of K & ER is 3.9% (moderate). The 2024 annual accounts show equity of €51,827 and a net result of €6,550. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 95% of 18935 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+27
Solvency100=
Growth61▲+16
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 36.06 against 33.87 in 2023; short-term debt: 2.5% and cash: 69.8% of total assets), and 2.5% of the assets are financed with debt.
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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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
50 d late
2020
26 d late
2019
17 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 31 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€167,587▲ 17.5%
2021 · €142,673
EBIT margin
1.3%▼ 30.9pp
2021 · 32.2%
Net result
€6,550▲ 927%
2023 · €637
Working capital
€46,577▲ 16.4%
2023 · €40,028
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€114,149▼ 33.8%€142,673▲ 25.0%€167,587▲ 17.5%
Operating result-€4,319€45,899€2,103▼ 95.4%€1,034▼ 50.8%€6,701▲ 548%
Net result-€6,420within the sector's middle half▼ 32,000%€41,310above the sector's middle half€1,029within the sector's middle half▼ 97.5%€637within the sector's middle half▼ 38.0%€6,550within the sector's middle half▲ 927%
EBIT margin-3.8%▼ 5.3pp32.2%▲ 36.0pp1.3%▼ 30.9pp
Equity€2,301within the sector's middle half▼ 73.6%€43,611within the sector's middle half▲ 1,795%€44,640within the sector's middle half▲ 2.4%€45,278within the sector's middle half▲ 1.4%€51,827within the sector's middle half▲ 14.5%
Total assets€13,816below the sector's middle half▼ 46.8%€55,537within the sector's middle half▲ 302%€55,214within the sector's middle half▼ 0.6%€46,495within the sector's middle half▼ 15.8%€53,156within the sector's middle half▲ 14.3%
Debt€11,515▼ 33.2%€11,926▲ 3.6%€10,574▼ 11.3%€1,218▼ 88.5%€1,329▲ 9.1%
Working capital-€8,949within the sector's middle half▼ 0.5%€38,361within the sector's middle half€39,390above the sector's middle half▲ 2.7%€40,028above the sector's middle half▲ 1.6%€46,577above the sector's middle half▲ 16.4%
Solvency16.7%within the sector's middle half▼ 16.9pp78.5%above the sector's middle half▲ 61.9pp80.8%above the sector's middle half▲ 2.3pp97.4%above the sector's middle half▲ 16.5pp97.5%above the sector's middle half▲ 0.1pp
Current ratio0.22below the sector's middle half▼ 0.214.22above the sector's middle half▲ 3.994.73above the sector's middle half▲ 0.5133.87above the sector's middle half▲ 29.1536.06above the sector's middle half▲ 2.19
Return on assets (ROA)-46.5%below the sector's middle half▼ 46.4pp74.4%above the sector's middle half▲ 120.9pp1.9%within the sector's middle half▼ 72.5pp1.4%within the sector's middle half▼ 0.5pp12.3%within the sector's middle half▲ 11.0pp
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 548% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,156
Fixed assets
€5,250 =
Current assets
€47,906 ▲ 16.1%
Equity and liabilities €53,156
Equity
€51,827 ▲ 14.5%
Debt
€1,329 ▲ 9.1%
Debt's share of the balance-sheet total falls from 2.6% to 2.5%. Equity and debt are higher.
Key figures and ratios
Quick ratio
30.65▲
2023 · 29.48
Debt to equity
0.03▼
2023 · 0.03
ROE
12.6%▲
2023 · 1.4%
Debt ≤ 1 year
€1,329▲
2023 · €1,218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 3.9% 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 497,340 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% | 1.8% |
| 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €114,149 | €142,673 | €167,587 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €80,799 | €157,794 | - | - | - |
| Remuneration, social security and pensions62 | - | €6,909 | €2,983 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,880 | €6,000 | - | - | - | - |
| Other operating charges640/8 | - | €3,066 | €4,707 | €7,244 | €5,303 | ▼ 26.8% |
| Gross operating margin9900 | €29,245 | €61,874 | €9,793 | €8,278 | €12,003 | ▲ 45.0% |
| Operating profit (loss)9901 | -€4,319 | €45,899 | €2,103 | €1,034 | €6,701 | ▲ 548% |
| Financial income75/76B | - | €138 | - | - | €2 | - |
| Recurring financial income75 | - | €138 | - | - | €2 | - |
| Non-recurring financial income76B | - | €138 | - | - | €2 | - |
| Financial charges65/66B | - | €1,409 | €1,075 | €397 | €153 | ▼ 61.4% |
| Recurring financial charges65 | €2,310 | €174 | €198 | €348 | €153 | ▼ 55.9% |
| Non-recurring financial charges66B | - | €1,236 | €877 | €49 | - | - |
| Profit (loss) for the period before taxes9903 | -€4,137 | €44,627 | €1,029 | €637 | €6,550 | ▲ 927% |
| Income taxes67/77 | €2,283 | €3,317 | - | - | - | - |
| Profit (loss) for the period9904 | -€6,420 | €41,310 | €1,029 | €637 | €6,550 | ▲ 927% |
| Profit (loss) for the period to be appropriated9905 | -€6,420 | €41,310 | €1,029 | €637 | €6,550 | ▲ 927% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,816 | €55,537 | €55,214 | €46,495 | €53,156 | ▲ 14.3% |
| Fixed assets21/28 | €11,250 | €5,250 | €5,250 | €5,250 | €5,250 | = |
| Intangible fixed assets21 | €6,000 | - | - | - | - | - |
| Financial fixed assets28 | €5,250 | €5,250 | €5,250 | €5,250 | €5,250 | = |
| Current assets29/58 | €2,566 | €50,287 | €49,964 | €41,245 | €47,906 | ▲ 16.1% |
| Stocks and contracts in progress3 | €1,025 | €1,025 | €3,732 | €5,352 | €7,180 | ▲ 34.2% |
| Stocks30/36 | - | €1,025 | €3,732 | €5,352 | €7,180 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €171 | €5,942 | €3,053 | €1,551 | €3,626 | ▲ 134% |
| Other amounts receivable41 | - | €5,942 | €3,053 | €1,551 | €3,626 | ▲ 134% |
| Cash at bank and in hand54/58 | €1,370 | €43,320 | €43,180 | €34,343 | €37,100 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,816 | €55,537 | €55,214 | €46,495 | €53,156 | ▲ 14.3% |
| Equity10/15 | €2,301 | €43,611 | €44,640 | €45,278 | €51,827 | ▲ 14.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Share premium1100/10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€16,299 | €25,011 | €26,040 | €26,678 | €33,227 | ▲ 24.6% |
| Amounts payable17/49 | €11,515 | €11,926 | €10,574 | €1,218 | €1,329 | ▲ 9.1% |
| Amounts payable within one year42/48 | €11,515 | €11,926 | €10,574 | €1,218 | €1,329 | ▲ 9.1% |
| Trade debts44 | €481 | €4,158 | €5,929 | €1,218 | €1,329 | ▲ 9.1% |
| Suppliers440/4 | - | €4,158 | €5,929 | €1,218 | €1,329 | ▲ 9.1% |
| Taxes, remuneration and social security45 | - | €7,768 | €4,645 | - | - | - |
| Taxes450/3 | - | €756 | €829 | - | - | - |
| Remuneration and social security454/9 | - | €7,011 | €3,816 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,420 | €41,310 | €1,029 | €637 | €6,550 | ▲ 927% |
| + Depreciation and write-downs630 | €7,880 | €6,000 | - | - | - | - |
| Operating cash flow (approximation) | €1,460 | €47,310 | €1,029 | €637 | €6,550 | ▲ 927% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €41,950 | -€140 | -€8,837 | €2,757 | ▲ 131% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity times 7current ratio 33.87
Current ratio from 4.73 to 33.87; short-term debt falls from €10,574 to €1,218.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
31-12
Financial
Back to profitnet €41,310
Net result €41,310 after 2 loss-making years.
31-12
Financial
Liquidity times 19current ratio 4.22
Current ratio from 0.22 to 4.22.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet -€6,420
Net result drops to -€6,420, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Schaarbeek · 2 establishment units since 2012
Ground area
239 m²
Building footprint
222 m²
Volume, LiDAR
3,150 m³
2 parcels, Brussels · tallest building 18.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Elisabeth
since 20122.207.907.367
*
since 20162.248.132.178
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0204/00Y002 | Brussels | 161 m² | 1 · 145 m² | 15.4 m · 5 fl. |
| 21015A0095/00V003 | Brussels | 77 m² | 1 · 77 m² | 18.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2 sitesBruxelles2.207.907.367
Schaarbeek2.248.132.178
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Of 13,991 companies in sector 56301 we hold annual accounts for 4,896. 4,054 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
Founded15-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844432312
Also
9925:BE0844432312
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.