KAWAclub
ActiveThe computed 12-month bankruptcy probability of KAWAclub is 10.8% (high). The annual accounts of KAWAclub for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €22k and a net result of €-29k. Its solvency ranks better than 44% of 18942 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency47▼-15
Growth32
Track record94
Bankruptcy probability, 12 months
10.8%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.29 against 1.27 in 2023; short-term debt: 77.5% and cash: 46.2% of total assets), and 77.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← 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
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
22.5%
Return on assets
-29.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k▼ 56.8%
2023 · €50k
2023: €50k
2023 → 2024
Total assets
€97k▼ 28.7%
2023 · €136k
2023: €136k
2023 → 2024
Net result
€-29k
2023 · €48k
2023: €48k
2023 → 2024
Working capital
€22k▼ 4.5%
2023 · €23k
2023: €23k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€50k-€22k▼ 56.8%
Operating result€60k-€-28k
Net result€48k-€-29k
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 €28k after €60k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97k
Fixed assets
€120▼ 99.6%
Current assets
€97k▼ 10.5%
Equity and liabilities €97k
Equity
€22k▼ 56.8%
Debt
€75k▼ 12.1%
The debt ratio rises from 62.9% to 77.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-23k▼
2023 · €64k
Cash flow
€-24k▼
2023 · €52k
Solvency
22.5%▼
2023 · 37.1%
Current ratio
1.29▲
2023 · 1.27
Quick ratio
1.29▲
2023 · 1.21
Debt / equity
3.45▲
2023 · 1.69
ROE
-131.4%▼
2023 · 96.0%
ROA
-29.5%▼
2023 · 35.6%
Interest coverage
-27.86▼
2023 · 1751.39
Debt
€75k▼
2023 · €85k
Debt ≤ 1 year
€75k▼
2023 · €85k
Staff costs
€135k▲
2023 · €133k
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€136k€97k▼
Fixed assets21/28€28k€120▼
Tangible fixed assets22/27€28k-
Plant, machinery and equipment23€19k-
Furniture and vehicles24€8k-
Financial fixed assets28€120€120=
Current assets29/58€108k€97k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€11k€52k▲
Trade receivables40€11k€52k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€92k€45k▼
Deferred charges and accrued income490/1-€17
Equity and liabilities
Total equity and liabilities10/49€136k€97k▼
Equity10/15€50k€22k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€48k€20k▼
Amounts payable17/49€85k€75k▼
Amounts payable within one year42/48€85k€75k▼
Trade debts44€26k€51k▲
Suppliers440/4€26k€51k▲
Taxes, remuneration and social security45€56k€19k▼
Taxes450/3€30k€16k▼
Remuneration and social security454/9€26k€3k▼
Other amounts payable47/48€3k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€133k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8-€3k
Gross operating margin9900€197k€115k▼
Operating profit (loss)9901€60k€-28k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€37€830▲
Recurring financial charges65€37€830▲
Profit (loss) for the period before taxes9903€60k€-29k▼
Income taxes67/77€12k-
Profit (loss) for the period9904€48k€-29k▼
Profit (loss) for the period to be appropriated9905€48k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€20k▼
Profit (loss) brought forward from the previous period14P-€48k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2023
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.
Vorstlaan 251170 Watermaal-BosvoordeGround area
8.3 ha
Building footprint
1.3 ha
Volume, LiDAR
184,450 m³
Parcel 21652E0905/00H000, Brussels · tallest building 51.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KAWAclub
since 20232.345.970.635
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 4,022 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2023
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
47279Other retail sale of food
47299Retail trade
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.