Losses
-€10,575 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
La Pipe d'Anvers
Lifetime
15 annual accounts with figures on one time axispeak €286,394 (2023)
€243,561▲ 8.6%
lowest -€9,123 (2017)
-€8,900▼ €7,225
peak €123,068 (2023)
€112,493▼ 7.3%
€212,566▼ 0.1%
peak 5.6 FTE (2022)
-not published
Board4 names since 2010
1 directorPAULETTE
Owners
Documentsfilings and deeds
23-07-20268 days before the deadline
2025micro format
Loss of €8,900Cash from €21,990 to €40,097
Key points
from the 2025 annual accountsInvestments
€13,019 1.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 239.5% higher than in 2024.
Filings
15 annual accounts since 2011
Seven of the last ten came late. The 2021 accounts came latest: 122 days after the end of the period.
Checked score
67
Healthy
Financially stronger than 34% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 1.8%▼ -0.1 percentage points vs 04-2025
06-2025: 1.8%● unchanged vs 05-2025
07-2025: 2.0%▲ +0.2 percentage points vs 06-2025
08-2025: 2.5%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -1.1 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.3%▼ -0.1 percentage points vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.2%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 0.8%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.8%● unchanged vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
1 of the last 3 accounts late
lowers risk
Founded in 2010
Liquidity: current ratio 1.44, cash €40,097
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 55% of them on solvency, 26% on liquidity, 23% on profitability and 33% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 6,908 companies had the same profile as La Pipe d'Anvers has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of La Pipe d'Anvers itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,908 companies, not a prediction for La Pipe d'Anvers. 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
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (1.51 in 2024), below the usual 1.5. Short-term debt is 65.4% and cash 12.3% of total assets. 65.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,900
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
1 day early
2023
65 days late
2022
120 days late
2021
122 days late
2020
89 days late
2019
55 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 63 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 5 October (4 of the last 5 accounts filed within 67 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Villa Martha BVBA consolidatesscore 90equity €316,230 (2026) · annual accounts 2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831984638
Change of role: PAULETTE, from manager to director
Resignation: Daelemans Guido (manager) · “A)De uitbating van alle spijshuizen en drankgelegenheden zoals…” (deed in Dutch) · Gazette deed
Appointment: Guido Daelemans (director)
Permanent representative: Elke Daelemans · General meeting of 01-12-2020 · Gazette deed
2 managers appointed, 2 resignations
Appointments: Atelier Smet (manager) and PAULETTE (manager) · Permanent representatives: Smet Matthias, Elke Daelemans and Van Steyvoort Carolien · Resignations: VILLA MARTHA (manager) and Atelier Smet (manager) · General meeting of 02-10-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| La Pipe d'Anvers Antwerp | €325,059 | €243,561 | 34.6% | - |
| JUTHA Antwerp | €311,708 | €212,525 | 91.1% | - |
| ITALIAN PUB Antwerp | €309,239 | €224,020 | 31.3% | - |
| MI.KA Antwerp | €366,108 | €243,215 | 36.3% | 4 |
| 2 MIE MAAN Herselt | €323,265 | €215,038 | 66.1% | - |
| MARTHIKA Turnhout | €276,906 | €223,135 | 17.4% | - |
| OORTBROEK Antwerp | €341,106 | €247,050 | 42.5% | - |
These companies have the same main activity as La Pipe d'Anvers: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €277,000 and €366,000, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 13-12-2010Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Joint committee
- 302Hotels and catering · annual accounts 2022
- Establishment unit
- 2.194.383.1912000 Antwerp, since 13-12-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- ≈ €710,000estimated
- €325,059▼ 2.8%
- ≈ 6.3 FTEestimated
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on La Pipe d'Anvers
La Pipe d'Anvers files the micro format. That format states no turnover. The gross margin rose from €118,020 in 2011 to €243,561 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 Pipe d'Anvers
- What is the company number of La Pipe d'Anvers?
- The company number of La Pipe d'Anvers is 0831.984.638. The VAT number is the same number with BE in front: BE 0831.984.638.
- Where is La Pipe d'Anvers based?
- The registered office is at Cadixstraat 3, 2000 Antwerp.Company details
- What does La Pipe d'Anvers do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of La Pipe d'Anvers?
- La Pipe d'Anvers is a private limited company (BV).
- When was La Pipe d'Anvers founded?
- La Pipe d'Anvers was founded on 13-12-2010.
- Is La Pipe d'Anvers still active?
- Yes, La Pipe d'Anvers is an active enterprise in the KBO register.
- How many employees does La Pipe d'Anvers have?
- La Pipe d'Anvers had an average of 6.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does La Pipe d'Anvers fall under?
- In its 2022 annual accounts, La Pipe d'Anvers states joint committee 302 (Hotels and catering).
- What is the turnover of La Pipe d'Anvers?
- The turnover in financial year 2025 is ≈ €710,000. This figure is estimated from the gross margin of €243,561 and 87 comparable companies (NACE 56111). It probably lies between €590,000 and €860,000.
- Is La Pipe d'Anvers profitable?
- In financial year 2025, La Pipe d'Anvers made a loss of €8,900.
- Where can I find the annual accounts of La Pipe d'Anvers?
- La Pipe d'Anvers filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of La Pipe d'Anvers due?
- La Pipe d'Anvers must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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