LA BRACE

Active

Private limited companyfounded 199135 yrs activeFranklinstraat 1, 1000 Brussel, BelgiumKBO/BCE: BE 0443.167.462

The computed 12-month bankruptcy probability of LA BRACE is 2.6% (moderate). The 2024 annual accounts show negative equity (€-67k) and a net result of €9k. Equity is shrinking by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 18942 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

31 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability42▲+41

Solvency9▲+4

Growth32=

Track record100

Bankruptcy probability, 12 months

2.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.76 against 0.7 in 2023; short-term debt: 115.6% and cash: 6.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

-15.6%

Return on assets

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 18942 sector peers (2024).

NBB · sector comparison

Position among 18942 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 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 filings

Deviation from the deadline

2025

not confirmed

2024

54 d late

2023

40 d late

2022

91 d late

2021

2 d early

2020

2 d early

2019

48 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€9k

2023 · €-55k

2018: €67k 2019: €55k 2020: €-34k 2021: €-46k 2022: €97k 2023: €-55k

2018 → 2024

Working capital

€-119k▲ 12.5%

2023 · €-136k

2018: €-144k 2019: €-113k 2020: €-155k 2021: €-157k 2022: €-118k 2023: €-136k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€14k-€-32k€-20k▲ 37.0%€-75k▼ 278%€-67k▲ 11.3%

Operating result€-90k-€-30k▲ 66.9%€41k€-98k€14k

Net result€-34k-€-46k▼ 36.6%€97k€-55k€9k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €14k after a loss of €98k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €427k

12.2%

87.8%

Fixed assets €52k▼ 16.1%

Current assets €375k▲ 15.9%

Key figures and ratios

2024 value · change against 2023

EBITDA

€37k▲

2023 · €-43k

Cash flow

€31k▲

2023 · €-642

Solvency

-15.6%▲

2023 · -19.5%

Current ratio

0.76▲

2023 · 0.70

Quick ratio

0.72▲

2023 · 0.65

Debt / equity

-7.39▼

2023 · -6.12

ROA

2.0%▲

2023 · -14.4%

Interest coverage

2.47▲

2023 · -2.99

Debt

€494k▲

2023 · €461k

Debt ≤ 1 year

€494k▲

2023 · €459k

Staff costs

€415k▲

2023 · €401k

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€385k€427k▲

Fixed assets21/28€62k€52k▼

Tangible fixed assets22/27€59k€49k▼

Plant, machinery and equipment23€33k€36k▲

Furniture and vehicles24€27k€14k▼

Financial fixed assets28€3k€3k=

Current assets29/58€323k€375k▲

Stocks and contracts in progress3€24k€20k▼

Stocks30/36€24k€20k▼

Amounts receivable within one year40/41€71k€108k▲

Trade receivables40€19k-

Other amounts receivable41€52k€108k▲

Cash at bank and in hand54/58€98k€28k▼

Deferred charges and accrued income490/1€131k€220k▲

Equity and liabilities

Total equity and liabilities10/49€385k€427k▲

Equity10/15€-75k€-67k▲

Contributions10/11€21k€21k=

Reserves13€30k€30k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14€-126k€-117k▲

Amounts payable17/49€461k€494k▲

Amounts payable after more than one year17€2k-

Financial debts170/4€2k-

Amounts payable within one year42/48€459k€494k▲

Current portion of amounts payable after more than one year42€43k€2k▼

Trade debts44€122k€225k▲

Suppliers440/4€122k€225k▲

Taxes, remuneration and social security45€52k€25k▼

Taxes450/3€11k-

Remuneration and social security454/9€42k€25k▼

Other amounts payable47/48€241k€242k▲

Income statement Code20232024

Remuneration, social security and pensions62€401k€415k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€23k▼

Other operating charges640/8€127k€72k▼

Gross operating margin9900€484k€524k▲

Operating profit (loss)9901€-98k€14k▲

Financial income75/76B€81k€10k▼

Recurring financial income75€60k€10k▼

Non-recurring financial income76B€22k-

Financial charges65/66B€15k€15k▲

Recurring financial charges65€15k€15k▲

Non-recurring financial charges66B-€298

Profit (loss) for the period before taxes9903€-31k€9k▲

Income taxes67/77€24k-

Profit (loss) for the period9904€-55k€9k▲

Profit (loss) for the period to be appropriated9905€-55k€9k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-126k€-117k▲

Profit (loss) brought forward from the previous period14P€-71k€-126k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

23-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 54 days late

2024

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

09-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 40 days late

2023

31-12

Financial Weakest financial yearnet €-55k ▼157%

Net result drops to €-55k, the lowest in the series; recovery starts the following year.

30-10

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 91 days late

2022

31-12

Financial Back to profitnet €97k

Net result €97k after 2 loss-making years.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 48 days late

2019

25-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 59 days late

2017

03-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 3 days late

2016

30-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Brussel · 1 establishment unit since 1991

establishment The establishment unit on the map

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.

Franklinstraat 11000 Brussel

Ground area

154 m²

Building footprint

154 m²

Volume, LiDAR

1,502 m³

Parcel 21806F0292/00K010, Brussels · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

LA BRACE

Franklinstraat 1, 1000 BrusselFood and beverage service activities

since 19912.051.809.623

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21806F0292/00K010	Brussels	154 m²	1 · 154 m²	15.5 m · 4 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.

Similar companies · same sector, comparable size

Middelkerke · Eq €14k

Van MUNSTER

BE 0864.406.590

Voeren · Eq €14k

Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,023 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded22-03-1991

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.