K ROUGE
ActiveSummary
The computed 12-month bankruptcy probability of K ROUGE is 2.5% (moderate). The 2024 annual accounts show equity of €6k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 18936 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability59▼-30
Solvency46▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.31 against 0.18 in 2023; short-term debt: 78.8% and cash: 0.6% of total assets), and 78.8% 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 →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
21.2%
Return on assets
-8.1%
Age of the figures
21 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d early
2022
17 d early
2021
4 d late
2020
30 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6k▼ 27.5%
2023 · €8k
Total assets
€27k▼ 9.6%
2023 · €30k
Net result
€-2k
2023 · €5k
Working capital
€-15k▲ 17.4%
2023 · €-18k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-5k▼ 21.4%€7k€-833€5k€-2k
Net result€-5k▼ 19.7%€6k€-1k€5k€-2k
Equity€-2k€4k€3k▼ 30.2%€8k▲ 163%€6k▼ 27.5%
Total assets€3k▼ 74.8%€6k▲ 81.9%€4k▼ 32.0%€30k▲ 630%€27k▼ 9.6%
Debt€5k▼ 45.3%€2k▼ 67.2%€1k▼ 36.6%€22k▲ 1,921%€21k▼ 3.1%
Working capital€-3k▼ 248%€4k€3k▼ 29.7%€-18k€-15k▲ 17.4%
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 €2k after €5k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27k
Fixed assets
€20k ▼ 20.5%
Current assets
€6k ▲ 60.0%
Equity and liabilities €27k
Equity
€6k ▼ 27.5%
Debt
€21k ▼ 3.1%
Debt's share of the balance-sheet total rises from 73.5% to 78.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €6k
Cash flow
€3k▼
2023 · €6k
Current ratio
0.31▲
2023 · 0.18
Debt to equity
3.71▲
2023 · 2.78
ROE
-38.0%▼
2023 · 62.0%
ROA
-8.1%▼
2023 · 16.4%
Interest coverage
7.23▼
2023 · 11.63
Debt ≤ 1 year
€21k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €805 | €30 | €648 | €5k | ▲ 713% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €975 | - | - | - |
| Other operating charges640/8 | - | €433 | €275 | €119 | €297 | ▲ 150% |
| Gross operating margin9900 | €2k | €8k | €447 | €6k | €4k | ▼ 36.8% |
| Operating profit (loss)9901 | €-5k | €7k | €-833 | €5k | €-2k | ▼ 131% |
| Financial income75/76B | - | - | €11 | €1 | - | - |
| Recurring financial income75 | €19 | - | €11 | €1 | - | - |
| Financial charges65/66B | - | €595 | €475 | €520 | €498 | ▼ 4.2% |
| Recurring financial charges65 | €642 | €595 | €475 | €520 | €498 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €-5k | €6k | €-1k | €5k | €-2k | ▼ 144% |
| Profit (loss) for the period9904 | €-5k | €6k | €-1k | €5k | €-2k | ▼ 144% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €6k | €-1k | €5k | €-2k | ▼ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3k | €6k | €4k | €30k | €27k | ▼ 9.6% |
| Fixed assets21/28 | €835 | €30 | - | €26k | €20k | ▼ 20.5% |
| Tangible fixed assets22/27 | €835 | €30 | - | €26k | €20k | ▼ 20.5% |
| Plant, machinery and equipment23 | - | - | - | €321 | €241 | ▼ 24.9% |
| Furniture and vehicles24 | - | - | - | €25k | €20k | ▼ 20.4% |
| Other tangible fixed assets26 | - | €30 | - | - | - | - |
| Current assets29/58 | €2k | €6k | €4k | €4k | €6k | ▲ 60.0% |
| Amounts receivable within one year40/41 | €980 | €5k | €4k | €3k | €6k | ▲ 85.0% |
| Trade receivables40 | - | €5k | €4k | €3k | €6k | ▲ 85.0% |
| Cash at bank and in hand54/58 | €1k | €558 | €119 | €344 | €160 | ▼ 53.5% |
| Deferred charges and accrued income490/1 | - | €268 | €278 | €647 | €660 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3k | €6k | €4k | €30k | €27k | ▼ 9.6% |
| Equity10/15 | €-2k | €4k | €3k | €8k | €6k | ▼ 27.5% |
| Contributions10/11 | €6k | €6k | €6k | €7k | €7k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Reserves13 | €644 | €644 | €644 | - | - | - |
| Non-distributable reserves130/1 | - | €644 | €644 | - | - | - |
| Legal reserve130 | - | €644 | €644 | - | - | - |
| Profit (loss) carried forward14 | €-9k | €-3k | €-4k | €1k | €-1k | ▼ 210% |
| Amounts payable17/49 | €5k | €2k | €1k | €22k | €21k | ▼ 3.1% |
| Amounts payable within one year42/48 | €5k | €2k | €1k | €22k | €21k | ▼ 3.1% |
| Financial debts43 | - | - | - | - | €1k | - |
| Credit institutions430/8 | - | - | - | - | €1k | - |
| Trade debts44 | €1k | €1k | €838 | €2k | €3k | ▲ 55.7% |
| Suppliers440/4 | - | €1k | €838 | €2k | €3k | ▲ 55.7% |
| Other amounts payable47/48 | - | €521 | €244 | €20k | €17k | ▼ 13.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €6k | €-1k | €5k | €-2k | ▼ 144% |
| + Depreciation and write-downs630 | €7k | €805 | €30 | €648 | €5k | ▲ 713% |
| Operating cash flow (approximation) | €1k | €7k | €-1k | €6k | €3k | ▼ 43.9% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | €-518 | €-439 | €225 | €-184 | ▼ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 3.50
Current ratio from 0.47 to 3.50; short-term debt falls from €5k to €2k.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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 2 acts read
About the unread acts
We know of 2 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
2 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, Waremme · 1 establishment unit since 2011
Ground area
1,383 m²
Building footprint
258 m²
Volume, LiDAR
1,534 m³
Parcel 64074C1063/00E000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
K ROUGE
since 20112.194.458.615
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074C1063/00E000 | Wallonia | 1,383 m² | 1 · 258 m² | 8.5 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.
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 5,395 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
Founded05-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
01430Raising of horses and other equines
01620Support activities for animal production
46232
55204Guest rooms (bed and breakfast)
Scores and ratios are computed by Checked and are not a credit decision.