KTBS
ActiveSummary
KTBS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450,990 and a net result of €7,305. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.89 in 2024; short-term debt: 16.4% and cash: 22.5% of total assets), and 24.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
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
75.9%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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
54 d late
2024
32 d late
2023
30 d late
2022
60 d late
2021
61 d late
2020
53 d late
2019
56 d early
← 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 33 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
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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€450,990▼ 5.3%
2024 · €476,185
Total assets
€594,482▼ 2.3%
2024 · €608,552
Net result
€7,305▼ 56.7%
2024 · €16,886
Working capital
€98,556▲ 1.8%
2024 · €96,841
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€112,238▲ 147%€80,692▼ 28.1%€68,237▼ 15.4%€42,430▼ 37.8%€29,605▼ 30.2%
Net result€72,171within the sector's middle half▲ 119%€47,583within the sector's middle half▼ 34.1%€35,581within the sector's middle half▼ 25.2%€16,886within the sector's middle half▼ 52.5%€7,305within the sector's middle half▼ 56.7%
Equity€423,793above the sector's middle half▲ 20.5%€471,375above the sector's middle half▲ 11.2%€477,299above the sector's middle half▲ 1.3%€476,185above the sector's middle half▼ 0.2%€450,990above the sector's middle half▼ 5.3%
Total assets€723,679within the sector's middle half▲ 11.6%€675,346within the sector's middle half▼ 6.7%€665,813within the sector's middle half▼ 1.4%€608,552within the sector's middle half▼ 8.6%€594,482above the sector's middle half▼ 2.3%
Debt€299,887▲ 0.9%€203,971▼ 32.0%€188,515▼ 7.6%€132,367▼ 29.8%€143,492▲ 8.4%
Working capital€67,928▲ 2,521%€78,627▲ 15.8%€76,484▼ 2.7%€96,841▲ 26.6%€98,556▲ 1.8%
Solvency58.6%above the sector's middle half▲ 4.4pp69.8%above the sector's middle half▲ 11.2pp71.7%above the sector's middle half▲ 1.9pp78.2%above the sector's middle half▲ 6.6pp75.9%above the sector's middle half▼ 2.4pp
Staff (FTE)9.9within the sector's middle half=5within the sector's middle half▼ 49.5%4.7within the sector's middle half▼ 6.0%4.7within the sector's middle half=4.1▼ 12.8%
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 has fallen four years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594,482
Fixed assets
€398,361 ▼ 1.0%
Current assets
€196,121 ▼ 4.8%
Equity and liabilities €594,482
Equity
€450,990 ▼ 5.3%
Debt
€143,492 ▲ 8.4%
Debt's share of the balance-sheet total rises from 21.8% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€89,093▼
2024 · €104,335
Cash flow
€66,793▼
2024 · €78,791
Current ratio
2.01▲
2024 · 1.89
Quick ratio
1.88▲
2024 · 1.77
Debt to equity
0.32▲
2024 · 0.28
ROE
1.6%▼
2024 · 3.5%
ROA
1.2%▼
2024 · 2.8%
Interest coverage
7.58▼
2024 · 10.32
Debt ≤ 1 year
€97,565▼
2024 · €109,166
Debt > 1 year
€45,927▲
2024 · €23,201
Income taxes
€10,639▼
2024 · €15,507
Staff costs
€213,582▲
2024 · €209,296
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 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 17,027 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €120 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €135,146 | €223,924 | €217,714 | €209,296 | €213,582 | ▲ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,244 | €49,461 | €60,513 | €61,905 | €59,488 | ▼ 3.9% |
| Other operating charges640/8 | €4,785 | €9,442 | €11,580 | €10,181 | €10,815 | ▲ 6.2% |
| Gross operating margin9900 | €302,413 | €363,519 | €358,044 | €323,812 | €313,491 | ▼ 3.2% |
| Operating profit (loss)9901 | €112,238 | €80,692 | €68,237 | €42,430 | €29,605 | ▼ 30.2% |
| Financial income75/76B | €61 | €74 | €24 | €71 | €91 | ▲ 28.4% |
| Recurring financial income75 | €61 | €74 | €24 | €71 | €91 | ▲ 28.4% |
| Financial charges65/66B | €5,838 | €8,147 | €8,582 | €10,109 | €11,753 | ▲ 16.3% |
| Recurring financial charges65 | €5,838 | €8,147 | €8,582 | €10,109 | €11,753 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €106,460 | €72,618 | €59,679 | €32,393 | €17,944 | ▼ 44.6% |
| Income taxes67/77 | €34,289 | €25,035 | €24,098 | €15,507 | €10,639 | ▼ 31.4% |
| Profit (loss) for the period9904 | €72,171 | €47,583 | €35,581 | €16,886 | €7,305 | ▼ 56.7% |
| Transfer from tax-exempt reserves789 | €8,284 | €8,284 | €8,284 | €8,274 | €8,274 | = |
| Transfer to tax-exempt reserves689 | - | - | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €80,455 | €55,867 | €43,865 | €25,160 | €15,579 | ▼ 38.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €723,679 | €675,346 | €665,813 | €608,552 | €594,482 | ▼ 2.3% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €471,692 | €462,617 | €455,158 | €402,546 | €398,361 | ▼ 1.0% |
| Tangible fixed assets22/27 | €470,984 | €461,909 | €454,450 | €401,838 | €397,653 | ▼ 1.0% |
| Land and buildings22 | €451,738 | €418,117 | €381,451 | €340,667 | €310,055 | ▼ 9.0% |
| Plant, machinery and equipment23 | €12,196 | €37,965 | €29,908 | €24,333 | €21,673 | ▼ 10.9% |
| Furniture and vehicles24 | €7,050 | €5,827 | €4,604 | €7,544 | €6,463 | ▼ 14.3% |
| Leasing and similar rights25 | - | - | €38,486 | €29,293 | €59,462 | ▲ 103% |
| Financial fixed assets28 | €708 | €708 | €708 | €708 | €708 | = |
| Current assets29/58 | €251,988 | €212,729 | €210,656 | €206,007 | €196,121 | ▼ 4.8% |
| Stocks and contracts in progress3 | €8,585 | €12,585 | €12,585 | €12,585 | €12,585 | = |
| Stocks30/36 | €8,585 | €12,585 | €12,585 | €12,585 | €12,585 | = |
| Amounts receivable within one year40/41 | €12,345 | €40,198 | €8,623 | €31,897 | €36,339 | ▲ 13.9% |
| Trade receivables40 | €10,354 | €20,674 | €6,242 | €21,452 | €26,568 | ▲ 23.8% |
| Other amounts receivable41 | €1,990 | €19,524 | €2,381 | €10,445 | €9,770 | ▼ 6.5% |
| Cash at bank and in hand54/58 | €221,743 | €151,447 | €169,302 | €158,240 | €133,935 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | €9,315 | €8,499 | €20,146 | €3,285 | €13,262 | ▲ 304% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €723,679 | €675,346 | €665,813 | €608,552 | €594,482 | ▼ 2.3% |
| Equity10/15 | €423,793 | €471,375 | €477,299 | €476,185 | €450,990 | ▼ 5.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | - | - | - | - | - |
| Issued capital100 | €18,592 | - | - | - | - | - |
| Revaluation surpluses12 | €140,824 | €132,541 | €124,257 | €115,973 | €107,689 | ▼ 7.1% |
| Reserves13 | €263,953 | €319,771 | €333,977 | €341,078 | €324,133 | ▼ 5.0% |
| Non-distributable reserves130/1 | €247,385 | €303,203 | €317,409 | €324,500 | €307,545 | ▼ 5.2% |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €245,525 | €303,203 | €317,409 | €324,500 | €307,545 | ▼ 5.2% |
| Distributable reserves133 | €16,568 | €16,568 | €16,568 | €16,578 | €16,588 | ▲ 0.1% |
| Profit (loss) carried forward14 | €423 | €472 | €473 | €542 | €576 | ▲ 6.2% |
| Amounts payable17/49 | €299,887 | €203,971 | €188,515 | €132,367 | €143,492 | ▲ 8.4% |
| Amounts payable after more than one year17 | €115,828 | €69,869 | €54,343 | €23,201 | €45,927 | ▲ 98.0% |
| Financial debts170/4 | €115,828 | €69,869 | €54,343 | €23,201 | €45,927 | ▲ 98.0% |
| Amounts payable within one year42/48 | €184,059 | €134,102 | €134,172 | €109,166 | €97,565 | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | €51,320 | €68,798 | €66,785 | €24,402 | €24,812 | ▲ 1.7% |
| Trade debts44 | €36,706 | €35,979 | €39,893 | €60,021 | €56,336 | ▼ 6.1% |
| Suppliers440/4 | €36,706 | €35,979 | €39,893 | €60,021 | €56,336 | ▼ 6.1% |
| Advances received on contracts in progress46 | €7,790 | €7,838 | €2,568 | €1,056 | €944 | ▼ 10.6% |
| Taxes, remuneration and social security45 | €41,443 | €21,487 | €24,926 | €23,687 | €15,473 | ▼ 34.7% |
| Taxes450/3 | €26,079 | €6,830 | €12,214 | €13,059 | €7,234 | ▼ 44.6% |
| Remuneration and social security454/9 | €15,365 | €14,656 | €12,712 | €10,628 | €8,239 | ▼ 22.5% |
| Other amounts payable47/48 | €46,800 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,171 | €47,583 | €35,581 | €16,886 | €7,305 | ▼ 56.7% |
| + Depreciation and write-downs630 | €50,244 | €49,461 | €60,513 | €61,905 | €59,488 | ▼ 3.9% |
| Operating cash flow (approximation) | €122,416 | €97,043 | €96,094 | €78,791 | €66,793 | ▼ 15.2% |
| Investment in fixed assets (approximation) | - | -€40,386 | -€53,053 | -€9,293 | -€55,304 | ▼ 495% |
| Change in cash | - | -€70,296 | €17,855 | -€11,062 | -€24,304 | ▼ 120% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
31-12
Financial
Weakest financial yearnet €7,305 ▼56.7%
Net result drops to €7,305, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 32 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €72,171 ▲119%
Operating result €112,238, net result €72,171, both a record.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Lokeren · 1 establishment unit since 2004
Ground area
3,496 m²
Building footprint
1,614 m²
Volume, LiDAR
9,596 m³
Parcel 46014A1147/00H000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Restaurant VOS
since 20042.139.260.962
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1147/00H000 | Flanders | 3,496 m² | 1 · 1,614 m² | 8.3 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.
Structure & network
Owners and holdings
4 ownersOwners 4
- Etienne Audenaertnatural personSourceown accounts 202235.33%
- Marleen Mettewienatural personSourceown accounts 202235.33%
- Kim Audenaertnatural personSourceown accounts 202214.67%
- Stijn Audenaertnatural personSourceown accounts 202214.67%
Holdings 0
The accounts to 31-12-2022 list no holdings, and no other source names one.
According to the 2022 annual accounts of KTBS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLokeren2.139.260.962
Dual-learning approval
3 endedHulpkok (so)
Keukenmedewerker (so)
Kok (so)
Similar companies · same sector, comparable size
BRASSERIE GUSTO
BE 0667.567.460
Mouscron · Eq €450,544
JOHSTE
BE 0472.381.783
Beersel · Eq €451,493
LA SARDEGNA
BE 0423.757.069
Sint-Joost-ten-Node · Eq €451,658
ALDIS
BE 0693.714.504
Oostende · Eq €452,366
Nouvellune
BE 0479.775.757
Evergem · Eq €452,589
Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 6,611 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
Founded18-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
93122Sports, amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457833070
Also
9925:BE0457833070
Registered
22-05-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.