L'UNION
ActiveSummary
The computed 12-month bankruptcy probability of L'UNION is 3.0% (moderate). The 2024 annual accounts show negative equity (-€30,609) and a net result of -€18,742. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 18930 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
Profitability50▼-41
Solvency0▼-14
Growth30▼-30
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.41 in 2023; short-term debt: 137.7% and cash: 2.7% 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 2024Solvency, return and age of the figures
Solvency
-37.7%
Return on assets
-23.1%
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€30,609
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
96 d late
2022
119 d late
2021
73 d late
2020
185 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 111 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€90,160▼ 2.6%
2020 · €92,599
EBIT margin
0.2%▼ 0.5pp
2020 · 0.7%
Net result
-€18,742
2023 · €18,283
Working capital
-€77,130▼ 13.5%
2023 · -€67,951
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
Line20202021202220232024
Turnover€92,599€90,160▼ 2.6%
Operating result€666€211▼ 68.3%-€13,128€18,906-€6,396
Net result€506within the sector's middle half-€501within the sector's middle half-€13,651below the sector's middle half▼ 2,626%€18,283within the sector's middle half-€18,742below the sector's middle half
EBIT margin0.7%0.2%▼ 0.5pp
Equity-€15,998below the sector's middle half▲ 3.1%-€16,499below the sector's middle half▼ 3.1%-€30,149below the sector's middle half▼ 82.7%-€11,867below the sector's middle half▲ 60.6%-€30,609below the sector's middle half▼ 158%
Total assets€115,978within the sector's middle half▼ 11.7%€102,726within the sector's middle half▼ 11.4%€107,713within the sector's middle half▲ 4.9%€104,280within the sector's middle half▼ 3.2%€81,129within the sector's middle half▼ 22.2%
Debt€131,976▼ 10.7%€119,225▼ 9.7%€137,862▲ 15.6%€116,147▼ 15.8%€111,738▼ 3.8%
Working capital-€109,939▲ 9.1%-€97,838▲ 11.0%-€96,736▲ 1.1%-€67,951▲ 29.8%-€77,130▼ 13.5%
Solvency-13.8%below the sector's middle half▼ 1.2pp-16.1%below the sector's middle half▼ 2.3pp-28.0%below the sector's middle half▼ 11.9pp-11.4%below the sector's middle half▲ 16.6pp-37.7%below the sector's middle half▼ 26.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,396 after €18,906 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €81,129
Fixed assets
€46,576 ▼ 17.0%
Current assets
€34,553 ▼ 28.3%
Key figures and ratios
EBITDA
€4,335▼
2023 · €31,508
Cash flow
-€8,012▼
2023 · €30,885
Current ratio
0.31▼
2023 · 0.41
Quick ratio
0.29▼
2023 · 0.40
Debt to equity
-3.65▲
2023 · -9.79
ROA
-23.1%▼
2023 · 17.5%
Interest coverage
7.56▼
2023 · 50.58
Debt ≤ 1 year
€111,683▼
2023 · €116,147
Debt > 1 year
€55
Income taxes
€11,773
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.
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 6,940 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €92,599 | €90,160 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €91,405 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,602 | €12,602 | €12,602 | €12,602 | €10,731 | ▼ 14.9% |
| Other operating charges640/8 | - | €1,941 | €2,799 | €4,049 | €3,525 | ▼ 12.9% |
| Non-recurring operating charges66A | - | - | €230 | - | €100 | - |
| Gross operating margin9900 | €14,794 | €14,755 | €2,503 | €35,557 | €7,960 | ▼ 77.6% |
| Operating profit (loss)9901 | €666 | €211 | -€13,128 | €18,906 | -€6,396 | ▼ 134% |
| Financial charges65/66B | - | €712 | €522 | €623 | €573 | ▼ 8.0% |
| Recurring financial charges65 | €160 | €712 | €522 | €623 | €573 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €506 | -€501 | -€13,651 | €18,283 | -€6,969 | ▼ 138% |
| Income taxes67/77 | - | - | - | - | €11,773 | - |
| Profit (loss) for the period9904 | €506 | -€501 | -€13,651 | €18,283 | -€18,742 | ▼ 203% |
| Profit (loss) for the period to be appropriated9905 | €506 | -€501 | -€13,651 | €18,283 | -€18,742 | ▼ 203% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,978 | €102,726 | €107,713 | €104,280 | €81,129 | ▼ 22.2% |
| Fixed assets21/28 | €93,941 | €81,339 | €68,736 | €56,084 | €46,576 | ▼ 17.0% |
| Tangible fixed assets22/27 | €90,307 | €77,705 | €65,102 | €52,500 | €42,993 | ▼ 18.1% |
| Plant, machinery and equipment23 | - | €4,205 | €2,102 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €993 | - |
| Other tangible fixed assets26 | - | €73,500 | €63,000 | €52,500 | €42,000 | ▼ 20.0% |
| Financial fixed assets28 | €3,634 | €3,634 | €3,634 | €3,584 | €3,584 | = |
| Current assets29/58 | €22,037 | €21,387 | €38,976 | €48,196 | €34,553 | ▼ 28.3% |
| Stocks and contracts in progress3 | €5,901 | €2,940 | €2,945 | €1,747 | €2,372 | ▲ 35.8% |
| Stocks30/36 | - | €2,940 | €2,945 | €1,747 | €2,372 | ▲ 35.8% |
| Amounts receivable within one year40/41 | €11,300 | €13,165 | €34,532 | €42,556 | €30,015 | ▼ 29.5% |
| Trade receivables40 | - | €3,877 | €23,562 | €10,489 | - | - |
| Other amounts receivable41 | - | €9,288 | €10,969 | €32,067 | €30,015 | ▼ 6.4% |
| Cash at bank and in hand54/58 | €4,561 | €4,731 | €917 | €2,113 | €2,166 | ▲ 2.5% |
| Deferred charges and accrued income490/1 | - | €552 | €583 | €1,781 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,978 | €102,726 | €107,713 | €104,280 | €81,129 | ▼ 22.2% |
| Equity10/15 | -€15,998 | -€16,499 | -€30,149 | -€11,867 | -€30,609 | ▼ 158% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€34,598 | -€35,099 | -€48,749 | -€30,467 | -€49,209 | ▼ 61.5% |
| Amounts payable17/49 | €131,976 | €119,225 | €137,862 | €116,147 | €111,738 | ▼ 3.8% |
| Amounts payable after more than one year17 | - | - | - | - | €55 | - |
| Financial debts170/4 | - | - | - | - | €55 | - |
| Amounts payable within one year42/48 | €131,976 | €119,225 | €135,712 | €116,147 | €111,683 | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €664 | - |
| Trade debts44 | €109,212 | €109,770 | €132,022 | €97,451 | €70,672 | ▼ 27.5% |
| Suppliers440/4 | - | €109,770 | €132,022 | €97,451 | €70,672 | ▼ 27.5% |
| Advances received on contracts in progress46 | - | - | - | - | €22,068 | - |
| Taxes, remuneration and social security45 | - | €8,203 | €2,175 | €6,692 | €8,532 | ▲ 27.5% |
| Taxes450/3 | - | €1,603 | €2,175 | €6,692 | €8,532 | ▲ 27.5% |
| Remuneration and social security454/9 | - | €6,600 | - | - | - | - |
| Other amounts payable47/48 | - | €1,252 | €1,515 | €12,003 | €9,747 | ▼ 18.8% |
| Accrued charges and deferred income492/3 | - | - | €2,150 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €506 | -€501 | -€13,651 | €18,283 | -€18,742 | ▼ 203% |
| + Depreciation and write-downs630 | €12,602 | €12,602 | €12,602 | €12,602 | €10,731 | ▼ 14.9% |
| Operating cash flow (approximation) | €13,108 | €12,102 | -€1,048 | €30,885 | -€8,012 | ▼ 126% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €50 | -€1,223 | ▼ 2,546% |
| Change in cash | - | €170 | -€3,815 | €1,196 | €53 | ▼ 95.6% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet -€18,742
Net result drops to -€18,742, the lowest in the series.
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Back to profitnet €18,283
Net result €18,283 after 2 loss-making years.
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 185 days late
2020
31-12
Financial
Back to profitnet €506
Net result €506 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mons · 1 establishment unit since 2010
Ground area
877 m²
Building footprint
90 m²
Volume, LiDAR
803 m³
Parcel 53048B0192/00D002, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
L'UNION
since 20102.188.352.167
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53048B0192/00D002 | Wallonia | 877 m² | 1 · 90 m² | 9.8 m · 3 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 siteMons2.188.352.167
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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 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
46389Wholesale of other food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825330636
Also
9925:BE0825330636
Registered
13-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.