LA CONFLUENCE
ActiveSummary
The computed 12-month bankruptcy probability of LA CONFLUENCE is 2.1% (moderate). The 2025 annual accounts show negative equity (-€64,222) and a net result of -€11,177. Equity is shrinking by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 308 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
Axes · tick = 2024
Profitability50▲+47
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.16 in 2024; short-term debt: 238.6% and cash: 17.1% 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 · 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
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 2025Solvency, return and age of the figures
Solvency
-138.6%
Return on assets
-24.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€64,222
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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
on the day
2023
51 d early
2022
42 d early
2021
123 d early
2020
40 d early
← 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 45 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% 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. Usually files around 19 June (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€64,222▼ 21.1%
2024 · -€53,045
Total assets
€46,324▼ 22.8%
2024 · €60,005
Net result
-€11,177▲ 11.4%
2024 · -€12,619
Working capital
-€94,386▲ 1.1%
2024 · -€95,393
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, 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-€6,024▲ 70.1%-€9,870▼ 63.8%-€8,749▲ 11.4%-€12,186▼ 39.3%-€10,919▲ 10.4%
Net result-€6,184within the sector's middle half▲ 69.4%-€10,026within the sector's middle half▼ 62.1%-€9,015within the sector's middle half▲ 10.1%-€12,619within the sector's middle half▼ 40.0%-€11,177within the sector's middle half▲ 11.4%
Equity-€21,385below the sector's middle half▼ 40.7%-€31,411below the sector's middle half▼ 46.9%-€40,426below the sector's middle half▼ 28.7%-€53,045below the sector's middle half▼ 31.2%-€64,222below the sector's middle half▼ 21.1%
Total assets€36,129below the sector's middle half▲ 11.4%€34,536below the sector's middle half▼ 4.4%€72,182within the sector's middle half▲ 109%€60,005within the sector's middle half▼ 16.9%€46,324within the sector's middle half▼ 22.8%
Debt€57,514▲ 20.8%€65,947▲ 14.7%€112,608▲ 70.8%€113,050▲ 0.4%€110,546▼ 2.2%
Working capital-€48,699below the sector's middle half▼ 14.0%-€54,703below the sector's middle half▼ 12.3%-€93,958below the sector's middle half▼ 71.8%-€95,393below the sector's middle half▼ 1.5%-€94,386below the sector's middle half▲ 1.1%
Solvency-59.2%below the sector's middle half▼ 12.3pp-91.0%below the sector's middle half▼ 31.8pp-56.0%below the sector's middle half▲ 34.9pp-88.4%below the sector's middle half▼ 32.4pp-138.6%below the sector's middle half▼ 50.2pp
Current ratio0.15below the sector's middle half▲ 0.050.17below the sector's middle half▲ 0.020.16below the sector's middle half▼ 0.010.16below the sector's middle half=0.15below the sector's middle half▼ 0.01
Return on assets (ROA)-17.1%below the sector's middle half▲ 45.2pp-29.0%below the sector's middle half▼ 11.9pp-12.5%within the sector's middle half▲ 16.5pp-21.0%below the sector's middle half▼ 8.5pp-24.1%below the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, 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 stays negative: a loss of €10,919 in 2025 against €12,186 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,324
Fixed assets
€30,165 ▼ 28.8%
Current assets
€16,159 ▼ 8.5%
Key figures and ratios
EBITDA
€1,264▲
2024 · €91
Cash flow
€1,007▲
2024 · -€343
Quick ratio
0.09▼
2024 · 0.12
Debt to equity
-1.72▲
2024 · -2.13
Interest coverage
15.59▲
2024 · 0.35
Debt ≤ 1 year
€110,546▼
2024 · €113,050
Income taxes
€176▲
2024 · €174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 6,038 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,488 | €4,022 | €10,942 | €12,277 | €12,184 | ▼ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €620 | -€620 | €0 | - | - |
| Other operating charges640/8 | - | €2,171 | €2,900 | €1,348 | €2,046 | ▲ 51.8% |
| Non-recurring operating charges66A | - | - | €100 | €0 | - | - |
| Gross operating margin9900 | -€936 | -€3,057 | €4,573 | €1,439 | €3,311 | ▲ 130% |
| Operating profit (loss)9901 | -€6,024 | -€9,870 | -€8,749 | -€12,186 | -€10,919 | ▲ 10.4% |
| Financial income75/76B | - | €1 | €0 | - | €0 | - |
| Recurring financial income75 | - | €1 | €0 | - | €0 | - |
| Financial charges65/66B | - | €157 | €156 | €259 | €81 | ▼ 68.7% |
| Recurring financial charges65 | €159 | €157 | €156 | €259 | €81 | ▼ 68.7% |
| Profit (loss) for the period before taxes9903 | -€6,184 | -€10,026 | -€8,905 | -€12,445 | -€11,001 | ▲ 11.6% |
| Income taxes67/77 | - | - | €110 | €174 | €176 | ▲ 1.0% |
| Profit (loss) for the period9904 | -€6,184 | -€10,026 | -€9,015 | -€12,619 | -€11,177 | ▲ 11.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,184 | -€10,026 | -€9,015 | -€12,619 | -€11,177 | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,129 | €34,536 | €72,182 | €60,005 | €46,324 | ▼ 22.8% |
| Fixed assets21/28 | €27,314 | €23,292 | €54,625 | €42,348 | €30,165 | ▼ 28.8% |
| Tangible fixed assets22/27 | €27,314 | €23,292 | €53,625 | €41,348 | €29,165 | ▼ 29.5% |
| Plant, machinery and equipment23 | - | €2,001 | €1,303 | €605 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €19,263 | €50,558 | €39,243 | €27,928 | ▼ 28.8% |
| Other tangible fixed assets26 | - | €2,028 | €1,764 | €1,500 | €1,236 | ▼ 17.6% |
| Financial fixed assets28 | - | - | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €8,815 | €11,244 | €17,557 | €17,657 | €16,159 | ▼ 8.5% |
| Stocks and contracts in progress3 | €4,565 | €4,496 | €8,495 | €4,390 | €6,711 | ▲ 52.9% |
| Stocks30/36 | - | €4,496 | €8,495 | €4,390 | €6,711 | ▲ 52.9% |
| Amounts receivable within one year40/41 | €558 | €2,130 | €3,044 | €4,911 | €618 | ▼ 87.4% |
| Trade receivables40 | - | €2,130 | €3,044 | €4,911 | €618 | ▼ 87.4% |
| Cash at bank and in hand54/58 | €3,374 | €4,212 | €5,409 | €7,778 | €7,925 | ▲ 1.9% |
| Deferred charges and accrued income490/1 | - | €406 | €610 | €578 | €905 | ▲ 56.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,129 | €34,536 | €72,182 | €60,005 | €46,324 | ▼ 22.8% |
| Equity10/15 | -€21,385 | -€31,411 | -€40,426 | -€53,045 | -€64,222 | ▼ 21.1% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€26,385 | -€36,411 | -€45,426 | -€58,045 | -€69,222 | ▼ 19.3% |
| Amounts payable17/49 | €57,514 | €65,947 | €112,608 | €113,050 | €110,546 | ▼ 2.2% |
| Amounts payable within one year42/48 | €57,514 | €65,947 | €111,515 | €113,050 | €110,546 | ▼ 2.2% |
| Trade debts44 | €3,965 | €2,809 | €3,222 | €5,168 | €3,781 | ▼ 26.8% |
| Suppliers440/4 | - | €2,809 | €3,222 | €5,168 | €3,781 | ▼ 26.8% |
| Taxes, remuneration and social security45 | - | - | €110 | €284 | €351 | ▲ 23.3% |
| Taxes450/3 | - | - | €110 | €284 | €351 | ▲ 23.3% |
| Other amounts payable47/48 | - | €63,138 | €108,183 | €107,598 | €106,414 | ▼ 1.1% |
| Accrued charges and deferred income492/3 | - | - | €1,093 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,184 | -€10,026 | -€9,015 | -€12,619 | -€11,177 | ▲ 11.4% |
| + Depreciation and write-downs630 | €3,488 | €4,022 | €10,942 | €12,277 | €12,184 | ▼ 0.8% |
| Operating cash flow (approximation) | -€2,695 | -€6,004 | €1,928 | -€343 | €1,007 | ▲ 394% |
| Investment in fixed assets (approximation) | - | €0 | -€42,275 | €0 | €0 | - |
| Change in cash | - | €838 | €1,197 | €2,369 | €148 | ▼ 93.8% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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-l'Alleud · 1 establishment unit since 2019
Ground area
1,655 m²
Building footprint
131 m²
Volume, LiDAR
972 m³
Parcel 25014N0219/00_000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LA CONFLUENCE
since 20192.298.439.348
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014N0219/00_000 | Wallonia | 1,655 m² | 1 · 131 m² | 10.0 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 siteBraine-l'Alleud2.298.439.348
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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 729 companies in sector 11050 we hold annual accounts for 352. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
11050Manufacture of beer
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738795847
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.