L'Horreum
ActiveSummary
The computed 12-month bankruptcy probability of L'Horreum is 3.3% (moderate). The 2025 annual accounts show equity of €95k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 3674 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-8
Solvency36▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.15 in 2024; short-term debt: 36.6% and cash: 1.2% of total assets), and 89.3% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
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
10.7%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
29 d late
2022
14 d early
2021
4 d late
2020
2 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▼ 68.7%
2024 · €96k
2020: €-37k
2021: €-69k
2022: €13k
2023: €43k
2024: €96k
2020 → 2025
Working capital
€-285k▼ 0.2%
2024 · €-285k
2020: €-206k
2021: €-367k
2022: €-353k
2023: €-339k
2024: €-285k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-86k-€-73k▲ 15.0%€-31k▲ 58.3%€65k€95k▲ 46.0%
Operating result€-44k-€42k€69k▲ 65.7%€120k▲ 72.7%€61k▼ 49.4%
Net result€-69k-€13k€43k▲ 229%€96k▲ 124%€30k▼ 68.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €892k
Fixed assets
€851k ▼ 7.0%
Current assets
€41k ▼ 17.2%
Equity and liabilities €892k
Equity
€95k ▲ 46.0%
Debt
€797k ▼ 11.4%
Debt's share of the balance-sheet total falls from 93.2% to 89.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128k▼
2024 · €188k
Cash flow
€97k▼
2024 · €164k
Current ratio
0.13▼
2024 · 0.15
Quick ratio
0.08▼
2024 · 0.09
Debt to equity
8.38▼
2024 · 13.80
ROE
31.5%▼
2024 · 146.9%
ROA
3.4%▼
2024 · 9.9%
Interest coverage
5.95▼
2024 · 7.84
Debt ≤ 1 year
€326k▼
2024 · €334k
Debt > 1 year
€471k▼
2024 · €566k
Income taxes
€9k
Staff costs
€440k▲
2024 · €327k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€965k€892k▼
Formation expenses20€294-
Fixed assets21/28€915k€851k▼
Tangible fixed assets22/27€915k€851k▼
Furniture and vehicles24€25k€18k▼
Other tangible fixed assets26€890k€834k▼
Current assets29/58€50k€41k▼
Stocks and contracts in progress3€21k€16k▼
Stocks30/36€21k€16k▼
Amounts receivable within one year40/41€11k€15k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€965k€892k▼
Equity10/15€65k€95k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€45k€75k▲
Amounts payable17/49€900k€797k▼
Amounts payable after more than one year17€566k€471k▼
Financial debts170/4€566k€471k▼
Amounts payable within one year42/48€334k€326k▼
Current portion of amounts payable after more than one year42€100k€95k▼
Trade debts44€46k€69k▲
Suppliers440/4€46k€69k▲
Taxes, remuneration and social security45€24k€22k▼
Taxes450/3€16k€22k▲
Remuneration and social security454/9€8k-
Other amounts payable47/48€165k€140k▼
Income statement
Code20242025
Remuneration, social security and pensions62€327k€440k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€67k▼
Other operating charges640/8€3k€7k▲
Gross operating margin9900€518k€576k▲
Operating profit (loss)9901€120k€61k▼
Financial income75/76B€11€4▼
Recurring financial income75€11€4▼
Financial charges65/66B€24k€21k▼
Recurring financial charges65€24k€21k▼
Profit (loss) for the period before taxes9903€96k€39k▼
Income taxes67/77-€9k
Profit (loss) for the period9904€96k€30k▼
Profit (loss) for the period to be appropriated9905€96k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€75k▲
Profit (loss) brought forward from the previous period14P€-51k€45k▲
Social balance
Average headcount (FTE)90878.210.4▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €96k ▲124%
Operating result €120k, net result €96k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Braine-le-Comte · 1 establishment unit since 2020
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.
Rue du Onze Novembre 27090 Braine-le-ComteGround area
713 m²
Building footprint
626 m²
Parcel 55302C0152/02B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
L'horreum
since 20202.298.582.274
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0152/02B000 | Wallonia | 713 m² | 1 · 626 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-le-Comte2.298.582.274
Similar companies · same sector, comparable size
JEW
BE 0675.374.079
De Panne · Eq €95,138
BIEN SOIGNé
BE 0888.566.322
Antwerpen · Eq €95,129
JUULTJE
BE 0563.591.675
Roeselare · Eq €95,122
FBT HORECA
BE 0718.963.901
Chapelle-lez-Herlaimont · Eq €95,070
Pinch of Lily
BE 0751.528.086
Kortrijk · Eq €95,068
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,629 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:lhorreum@gmail.com
Phone:+32475741850