Overdue debts
€186,833 on 31-12-2025
The annual accounts state €66,517 of overdue tax debts and €120,316 of overdue social security (RSZ) debts on 31-12-2025.
LA BRACE
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €543,231 (2014)
€480,375▼ 8.4%
lowest -€55,387 (2023)
€12,519▲ 46.5%
peak €50,631 (2015)
-€54,266▲ €12,519
€443,078▼ 10.2%
peak 9 FTE (2016)
-not published
Board3 names since 2013
2 directorsFRERI Domenico and 1 other
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Result from €8,546 to €12,519Equity from -€66,785 to -€54,266
Key points
from the 2025 annual accountsEquity
-€54,266
Debts exceed assets in financial year 2025.
Turnover
≈ €1.2m estimated
The accounts state no turnover.
Debts
€443,078 114% of the balance sheet
Suppliers 2%Taxes and wages 42%Other 56%
Of this, €443,077 falls due within a year.
Filings
35 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€54,266
Less equity than 90% of companies in food and beverage service. Sector median €28,641 · 17,176 companies.
Checked score
52
Fair
Financially stronger than 29% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%highest value
01-2025: 3.4%● unchanged vs 12-2024
02-2025: 3.4%● unchanged vs 01-2025
03-2025: 3.3%▼ -0.1 percentage points vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 3.1%▼ -0.2 percentage points vs 04-2025
06-2025: 3.0%▼ -0.1 percentage points vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 3.3%▲ +0.2 percentage points vs 07-2025
09-2025: 3.3%● unchanged vs 08-2025
10-2025: 1.9%▼ -1.4 percentage points vs 09-2025
11-2025: 1.9%● unchanged vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026lowest value
07-2026: 2.0%▲ +0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.4 percentage points vs 07-2026
09-2026: 2.7%▲ +0.3 percentage points vs 08-2026
10-2026: 2.3%▼ -0.4 percentage points vs 09-2026
11-2026: 2.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1991
Size: total assets €388,812
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 21% of them on solvency, 7% on liquidity, 25% on profitability and 65% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,449 companies had the same profile as LA BRACE has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LA BRACE itself: 2.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for LA BRACE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.78 (0.76 in 2024), below 1. Short-term debt is 114% and cash 5.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 17145 sector peers (2025).
NBB · sector comparisonPosition among 17145 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
76 days late
2024
54 days late
2023
40 days late
2022
91 days late
2021
2 days early
2020
2 days early
2019
48 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 44 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 September (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443167462
3 directors appointed
FRERI Domenico, FRERI Salvatore and FRERI Raffaele · Legal-form conversion: to private limited company · Director compensation: FRERI Domenico · General meeting of 26-10-2023 · Gazette deed
Appointment: Freri Raffaele (director)
General meeting of 01-07-2021 · Gazette deed
Incorporation
published on 02-03-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LA BRACE Brussels | €388,812 | €480,375 | -14.0% | - |
| SANESTY Evere | €387,731 | €420,502 | 23.0% | - |
| FLY UP Bornem | €385,772 | €458,167 | 39.5% | - |
| OPTIMALE RECREATIEVE en FEESTELIJKE EVENEMENTEN SERVICE Kasterlee | €346,261 | €444,017 | 73.4% | - |
| HORECATH Ath | €332,345 | €490,700 | 25.3% | 11.1 |
| REUNION Nivelles | €360,550 | €412,686 | 43.4% | - |
| PATRIS Knokke-Heist | €456,502 | €444,606 | 56.3% | - |
These companies have the same main activity as LA BRACE: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €332,000 and €457,000, founded between 1989 and 1994.
Official details
Source: KBO- Status
- Active since 22-03-1991Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.051.809.6231000 Brussels, since 07-03-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Insights on LA BRACE
LA BRACE files the micro format. That format states no turnover. The gross margin rose from -€4,755 in 2006 to €480,375 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LA BRACE
- What is the company number of LA BRACE?
- The company number of LA BRACE is 0443.167.462. The VAT number is the same number with BE in front: BE 0443.167.462.
- Where is LA BRACE based?
- The registered office is at Franklinstraat 1, 1000 Brussels.Company details
- What does LA BRACE do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of LA BRACE?
- LA BRACE is a private limited company (BV).
- When was LA BRACE founded?
- LA BRACE was founded on 22-03-1991.
- Is LA BRACE still active?
- Yes, LA BRACE is an active enterprise in the KBO register.
- How many employees does LA BRACE have?
- LA BRACE had an average of 9.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LA BRACE?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €480,375 and 41 comparable companies (NACE 56111). It probably lies between €990,000 and €1.4m.
- Is LA BRACE profitable?
- In financial year 2025, LA BRACE made a profit of €12,519.
- Where can I find the annual accounts of LA BRACE?
- LA BRACE filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LA BRACE due?
- LA BRACE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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