KOSABE
ActiveSummary
The computed 12-month bankruptcy probability of KOSABE is 3.8% (moderate). The 2025 annual accounts show negative equity (-€25,447) and a net result of -€21,874. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 18% of 3757 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-36
Solvency14▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.13 in 2024; short-term debt: 68.4% and cash: 0.2% of total assets), and equity is negative.
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Signals
Six 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 2025Solvency, return and age of the figures
Solvency
-10.6%
Return on assets
-9.1%
Age of the figures
9 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€25,447
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
48 d early
2023
36 d early
2022
32 d late
2021
51 d late
2020
30 d late
2019
111 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€25,447▼ 8.9%
2024 · -€23,371
Total assets
€239,768▲ 3.1%
2024 · €232,619
Net result
-€21,874
2024 · €15,275
Working capital
-€116,325▲ 33.0%
2024 · -€173,692
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€33,350▲ 903%€3,967▼ 88.1%-€16,747€34,154€8,551▼ 75.0%
Net result€31,848above the sector's middle half▲ 987%€1,695within the sector's middle half▼ 94.7%-€18,767below the sector's middle half€15,275within the sector's middle half-€21,874below the sector's middle half
Equity-€21,573below the sector's middle half▲ 59.6%-€19,878below the sector's middle half▲ 7.9%-€38,645below the sector's middle half▼ 94.4%-€23,371below the sector's middle half▲ 39.5%-€25,447below the sector's middle half▼ 8.9%
Total assets€68,128within the sector's middle half▲ 85.1%€54,000within the sector's middle half▼ 20.7%€55,486within the sector's middle half▲ 2.8%€232,619within the sector's middle half▲ 319%€239,768within the sector's middle half▲ 3.1%
Debt€89,700▼ 0.6%€73,878▼ 17.6%€94,131▲ 27.4%€255,990▲ 172%€265,215▲ 3.6%
Working capital-€39,369▲ 35.4%-€43,173▼ 9.7%-€68,201▼ 58.0%-€173,692▼ 155%-€116,325▲ 33.0%
Solvency-31.7%below the sector's middle half▲ 113.5pp-36.8%below the sector's middle half▼ 5.1pp-69.6%below the sector's middle half▼ 32.8pp-10.0%below the sector's middle half▲ 59.6pp-10.6%below the sector's middle half▼ 0.6pp
Staff (FTE)0.88within the sector's middle half
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,768
Fixed assets
€192,076 ▼ 7.1%
Current assets
€47,692 ▲ 83.8%
Key figures and ratios
EBITDA
€36,568▼
2024 · €56,498
Cash flow
€6,143▼
2024 · €37,618
Current ratio
0.29▲
2024 · 0.13
Quick ratio
0.24▲
2024 · 0.09
Debt to equity
-10.42▲
2024 · -10.95
ROA
-9.1%▼
2024 · 6.6%
Interest coverage
1.19▼
2024 · 3.15
Debt ≤ 1 year
€164,016▼
2024 · €199,635
Debt > 1 year
€99,442▲
2024 · €29,854
Staff costs
€170,959▼
2024 · €189,663
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,338 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 | €26,349 | €90,679 | €132,914 | €189,663 | €170,959 | ▼ 9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,368 | €2,931 | €4,812 | €22,344 | €28,017 | ▲ 25.4% |
| Other operating charges640/8 | €348 | €1,620 | €14,222 | €10,250 | €12,278 | ▲ 19.8% |
| Non-recurring operating charges66A | - | - | €5,100 | - | - | - |
| Gross operating margin9900 | €61,415 | €99,198 | €140,302 | €256,410 | €219,805 | ▼ 14.3% |
| Operating profit (loss)9901 | €33,350 | €3,967 | -€16,747 | €34,154 | €8,551 | ▼ 75.0% |
| Financial income75/76B | €5 | €61 | €13 | €4 | €373 | ▲ 9,143% |
| Recurring financial income75 | €5 | €61 | €13 | €4 | €373 | ▲ 9,143% |
| Financial charges65/66B | €1,507 | €2,334 | €2,033 | €17,944 | €30,799 | ▲ 71.6% |
| Recurring financial charges65 | €1,507 | €2,334 | €2,033 | €17,944 | €30,799 | ▲ 71.6% |
| Profit (loss) for the period before taxes9903 | €31,848 | €1,695 | -€18,767 | €16,214 | -€21,874 | ▼ 235% |
| Income taxes67/77 | - | - | - | €939 | - | - |
| Profit (loss) for the period9904 | €31,848 | €1,695 | -€18,767 | €15,275 | -€21,874 | ▼ 243% |
| Profit (loss) for the period to be appropriated9905 | €31,848 | €1,695 | -€18,767 | €15,275 | -€21,874 | ▼ 243% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,128 | €54,000 | €55,486 | €232,619 | €239,768 | ▲ 3.1% |
| Fixed assets21/28 | €17,796 | €23,295 | €29,556 | €206,675 | €192,076 | ▼ 7.1% |
| Intangible fixed assets21 | - | - | €1,908 | €2,334 | €1,160 | ▼ 50.3% |
| Tangible fixed assets22/27 | €11,705 | €17,204 | €21,557 | €198,250 | €185,010 | ▼ 6.7% |
| Plant, machinery and equipment23 | €4,825 | €9,016 | €4,330 | €2,904 | €16,183 | ▲ 457% |
| Furniture and vehicles24 | €5,293 | €4,118 | €6,862 | €83,750 | €74,328 | ▼ 11.2% |
| Other tangible fixed assets26 | €1,587 | €1,360 | €7,655 | €108,886 | €91,789 | ▼ 15.7% |
| Assets under construction and advance payments27 | - | €2,710 | €2,710 | €2,710 | €2,710 | = |
| Financial fixed assets28 | €6,091 | €6,091 | €6,091 | €6,091 | €5,906 | ▼ 3.0% |
| Current assets29/58 | €50,331 | €30,705 | €25,930 | €25,944 | €47,692 | ▲ 83.8% |
| Stocks and contracts in progress3 | €308 | €1,808 | €1,800 | €8,238 | €7,738 | ▼ 6.1% |
| Stocks30/36 | €308 | €1,808 | €1,800 | €8,238 | €7,738 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €17,479 | €20,581 | €3,540 | €10,693 | €35,987 | ▲ 237% |
| Trade receivables40 | €8,198 | €11,981 | €750 | €6,776 | €5,338 | ▼ 21.2% |
| Other amounts receivable41 | €9,281 | €8,600 | €2,790 | €3,917 | €30,649 | ▲ 682% |
| Cash at bank and in hand54/58 | €31,877 | €7,961 | €18,363 | €6,087 | €529 | ▼ 91.3% |
| Deferred charges and accrued income490/1 | €668 | €355 | €2,227 | €926 | €3,437 | ▲ 271% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,128 | €54,000 | €55,486 | €232,619 | €239,768 | ▲ 3.1% |
| Equity10/15 | -€21,573 | -€19,878 | -€38,645 | -€23,371 | -€25,447 | ▼ 8.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,395 | €6,395 | €6,200 | ▼ 3.1% |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €195 | €195 | - | - | - | - |
| Non-distributable reserves130/1 | €195 | €195 | - | - | - | - |
| Reserves not available under the articles1311 | €195 | €195 | - | - | - | - |
| Profit (loss) carried forward14 | -€27,968 | -€26,273 | -€45,041 | -€29,766 | -€31,647 | ▼ 6.3% |
| Amounts payable17/49 | €89,700 | €73,878 | €94,131 | €255,990 | €265,215 | ▲ 3.6% |
| Amounts payable after more than one year17 | - | - | - | €29,854 | €99,442 | ▲ 233% |
| Financial debts170/4 | - | - | - | €29,854 | €99,442 | ▲ 233% |
| Amounts payable within one year42/48 | €89,700 | €73,878 | €94,131 | €199,635 | €164,016 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,136 | €54,382 | ▲ 495% |
| Financial debts43 | - | - | €2,952 | €4,118 | - | - |
| Credit institutions430/8 | - | - | €2,952 | €4,118 | - | - |
| Trade debts44 | €8,125 | €13,001 | €28,757 | €83,707 | €29,481 | ▼ 64.8% |
| Suppliers440/4 | €8,125 | €13,001 | €28,757 | €83,707 | €29,481 | ▼ 64.8% |
| Taxes, remuneration and social security45 | €3,249 | €14,542 | €39,528 | €84,820 | €78,196 | ▼ 7.8% |
| Taxes450/3 | €189 | €6,137 | €12,769 | €61,205 | €49,833 | ▼ 18.6% |
| Remuneration and social security454/9 | €3,060 | €8,406 | €26,758 | €23,615 | €28,362 | ▲ 20.1% |
| Other amounts payable47/48 | €78,327 | €46,335 | €22,894 | €17,855 | €1,958 | ▼ 89.0% |
| Accrued charges and deferred income492/3 | - | - | - | €26,500 | €1,756 | ▼ 93.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,848 | €1,695 | -€18,767 | €15,275 | -€21,874 | ▼ 243% |
| + Depreciation and write-downs630 | €1,368 | €2,931 | €4,812 | €22,344 | €28,017 | ▲ 25.4% |
| Operating cash flow (approximation) | €33,216 | €4,626 | -€13,955 | €37,618 | €6,143 | ▼ 83.7% |
| Investment in fixed assets (approximation) | - | -€8,430 | -€11,073 | -€199,463 | -€13,418 | ▲ 93.3% |
| Change in cash | - | -€23,915 | €10,402 | -€12,276 | -€5,558 | ▲ 54.7% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 47 days late
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,275
Net result €15,275 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Highest result since 2018net €31,848 ▲987%
Net result €31,848, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Back to profitnet €17,865
Net result €17,865 after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 53 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2012
Ground area
112 m²
Building footprint
104 m²
Volume, LiDAR
1,733 m³
Parcel 21811M1072/00C000, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Café Floréo
since 20122.208.788.879
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1072/00C000 | Brussels | 112 m² | 1 · 104 m² | 20.8 m · 6 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 siteBrussel2.208.788.879
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Contact
Website
cafefloreo.brusselsBrussel
E-mail
hello@cafefloreo.brusselsBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844949578
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.