LA RESERVE
ActiveSummary
LA RESERVE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €620,992 and a net result of -€7,622. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 18940 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-14
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 24.22 against 26.57 in 2023; short-term debt: 1.6% and cash: 0.2% of total assets), and 3.9% of the assets are financed with debt.
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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 →
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 · 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
96.1%
Return on assets
-1.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-08-2025, 11 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
28 d late
2022
22 d late
2021
25 d late
2020
31 d late
2019
25 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 24 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
In the rankings
#7 oldest company in Spa, Accommodation and food service sector#9 company by equity in Spa, Accommodation and food service sector
Turnover
€28,481
EBIT margin
-11.6%
Net result
-€7,622▲ 38.5%
2023 · -€12,403
Working capital
€246,519▲ 0.1%
2023 · €246,336
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€28,481
Operating result€21,620▼ 68.5%€721,159▲ 3,236%-€3,315-€2,525▲ 23.8%€1,997
Net result€599within the sector's middle half▼ 98.8%€511,741above the sector's middle half▲ 85,333%-€13,485below the sector's middle half-€12,403below the sector's middle half▲ 8.0%-€7,622below the sector's middle half▲ 38.5%
EBIT margin-11.6%
Equity€152,760above the sector's middle half▲ 0.4%€654,501above the sector's middle half▲ 328%€641,017above the sector's middle half▼ 2.1%€628,614above the sector's middle half▼ 1.9%€620,992above the sector's middle half▼ 1.2%
Total assets€406,460above the sector's middle half▼ 8.5%€844,962above the sector's middle half▲ 108%€819,173above the sector's middle half▼ 3.1%€654,125within the sector's middle half▼ 20.1%€646,519above the sector's middle half▼ 1.2%
Debt€253,700▼ 13.1%€190,461▼ 24.9%€178,156▼ 6.5%€25,510▼ 85.7%€25,527▲ 0.1%
Working capital-€101,300below the sector's middle half▼ 10.1%-€6,888within the sector's middle half▲ 93.2%€227,291above the sector's middle half€246,336above the sector's middle half▲ 8.4%€246,519above the sector's middle half▲ 0.1%
Solvency37.6%within the sector's middle half▲ 3.3pp77.5%above the sector's middle half▲ 39.9pp78.3%above the sector's middle half▲ 0.8pp96.1%above the sector's middle half▲ 17.8pp96.1%above the sector's middle half=
Current ratio0.05below the sector's middle half▼ 0.190.96within the sector's middle half▲ 0.922.28above the sector's middle half▲ 1.3126.57above the sector's middle half▲ 24.3024.22above the sector's middle half▼ 2.36
Return on assets (ROA)0.1%within the sector's middle half▼ 11.5pp60.6%above the sector's middle half▲ 60.4pp-1.6%within the sector's middle half▼ 62.2pp-1.9%within the sector's middle half▼ 0.2pp-1.2%within the sector's middle half▲ 0.7pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,997 after a loss of €2,525 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €646,519
Fixed assets
€389,383 ▼ 2.2%
Current assets
€257,136 ▲ 0.5%
Equity and liabilities €646,519
Equity
€620,992 ▼ 1.2%
Debt
€25,527 ▲ 0.1%
Debt's share of the balance-sheet total stays at 3.9%.
Key figures and ratios
EBITDA
€23,614▲
2023 · €18,037
Cash flow
€13,995▲
2023 · €8,158
Debt to equity
0.04▲
2023 · 0.04
ROE
-1.2%▲
2023 · -2.0%
Interest coverage
2.40▼
2023 · 4.20
Debt ≤ 1 year
€10,618▲
2023 · €9,632
Debt > 1 year
€14,909▼
2023 · €15,878
Income taxes
€242▼
2023 · €5,664
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,611 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 | - | - | €28,481 | - | - | - |
| Non-recurring operating income76A | - | €774,430 | €30,376 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €68,924 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,327 | €15,814 | €17,216 | €20,562 | €21,617 | ▲ 5.1% |
| Other operating charges640/8 | - | €9,439 | €8,828 | €3,261 | €4,197 | ▲ 28.7% |
| Non-recurring operating charges66A | - | €12,750 | - | - | - | - |
| Gross operating margin9900 | €43,307 | €759,162 | €22,729 | €21,298 | €27,810 | ▲ 30.6% |
| Operating profit (loss)9901 | €21,620 | €721,159 | -€3,315 | -€2,525 | €1,997 | ▲ 179% |
| Financial income75/76B | - | €13 | - | €85 | €474 | ▲ 457% |
| Recurring financial income75 | €54 | €13 | - | €85 | €474 | ▲ 457% |
| Financial charges65/66B | - | €39,522 | €7,503 | €4,299 | €9,851 | ▲ 129% |
| Recurring financial charges65 | €10,511 | €39,522 | €7,503 | €4,299 | €9,851 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €11,163 | €681,650 | -€10,818 | -€6,739 | -€7,380 | ▼ 9.5% |
| Income taxes67/77 | €10,564 | €169,909 | €2,667 | €5,664 | €242 | ▼ 95.7% |
| Profit (loss) for the period9904 | €599 | €511,741 | -€13,485 | -€12,403 | -€7,622 | ▲ 38.5% |
| Transfer from tax-exempt reserves789 | - | - | €2,062 | €2,062 | €2,062 | = |
| Profit (loss) for the period to be appropriated9905 | €2,661 | €511,741 | -€11,423 | -€10,341 | -€5,560 | ▲ 46.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406,460 | €844,962 | €819,173 | €654,125 | €646,519 | ▼ 1.2% |
| Fixed assets21/28 | €401,581 | €661,389 | €413,726 | €398,156 | €389,383 | ▼ 2.2% |
| Tangible fixed assets22/27 | €401,581 | €661,389 | €413,726 | €398,156 | €389,383 | ▼ 2.2% |
| Land and buildings22 | - | €358,462 | €345,728 | €332,994 | €320,259 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €44,427 | €34,536 | €34,905 | €40,063 | ▲ 14.8% |
| Furniture and vehicles24 | - | - | €15,562 | €12,357 | €10,333 | ▼ 16.4% |
| Other tangible fixed assets26 | - | €258,500 | €17,900 | €17,900 | €18,727 | ▲ 4.6% |
| Current assets29/58 | €4,879 | €183,573 | €405,447 | €255,968 | €257,136 | ▲ 0.5% |
| Amounts receivable within one year40/41 | - | €162,382 | €208,007 | €253,267 | €255,312 | ▲ 0.8% |
| Other amounts receivable41 | - | €162,382 | €208,007 | €253,267 | €255,312 | ▲ 0.8% |
| Cash at bank and in hand54/58 | €4,879 | €21,191 | €197,440 | €2,138 | €1,243 | ▼ 41.9% |
| Deferred charges and accrued income490/1 | - | - | - | €564 | €581 | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406,460 | €844,962 | €819,173 | €654,125 | €646,519 | ▼ 1.2% |
| Equity10/15 | €152,760 | €654,501 | €641,017 | €628,614 | €620,992 | ▼ 1.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €72,877 | €72,877 | €70,815 | €68,753 | €66,691 | ▼ 3.0% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €39,868 | €37,806 | €35,744 | €33,682 | ▼ 5.8% |
| Distributable reserves133 | - | €26,809 | €26,809 | €26,809 | €26,809 | = |
| Profit (loss) carried forward14 | €17,910 | €519,651 | €508,229 | €497,888 | €492,328 | ▼ 1.1% |
| Amounts payable17/49 | €253,700 | €190,461 | €178,156 | €25,510 | €25,527 | ▲ 0.1% |
| Amounts payable after more than one year17 | €147,521 | - | - | €15,878 | €14,909 | ▼ 6.1% |
| Financial debts170/4 | - | - | - | €15,878 | €14,909 | ▼ 6.1% |
| Amounts payable within one year42/48 | €106,179 | €190,461 | €178,156 | €9,632 | €10,618 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,561 | €4,791 | ▲ 5.0% |
| Trade debts44 | €8,831 | €4,169 | €4,236 | €5,071 | €5,827 | ▲ 14.9% |
| Suppliers440/4 | - | €4,169 | €4,236 | €5,071 | €5,827 | ▲ 14.9% |
| Taxes, remuneration and social security45 | - | €176,292 | €173,920 | - | - | - |
| Taxes450/3 | - | €176,292 | €173,920 | - | - | - |
| Other amounts payable47/48 | - | €10,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €599 | €511,741 | -€13,485 | -€12,403 | -€7,622 | ▲ 38.5% |
| + Depreciation and write-downs630 | €15,327 | €15,814 | €17,216 | €20,562 | €21,617 | ▲ 5.1% |
| Operating cash flow (approximation) | €15,926 | €527,555 | €3,731 | €8,158 | €13,995 | ▲ 71.5% |
| Investment in fixed assets (approximation) | - | -€275,622 | €230,447 | -€4,992 | -€12,843 | ▼ 157% |
| Change in cash | - | €16,312 | €176,249 | -€195,302 | -€895 | ▲ 99.5% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Liquidity times 12current ratio 26.57
Current ratio from 2.28 to 26.57; short-term debt falls from €178,156 to €9,632.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€13,485
Net result drops to -€13,485, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.28
Current ratio from 0.96 to 2.28; short-term debt falls from €190,461 to €178,156.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2019net €511,741 ▲85,333%
Operating result €721,159, net result €511,741, both a record.
31-12
Financial
Equity above €500,000Eq €654,501 ▲328%
3 profitable years in a row build equity to €654,501.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Show earlier events
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Spa · 1 establishment unit since 1994
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.
Avenue Prof. Henrijean 324900 SpaGround area
5,340 m²
Building footprint
217 m²
Volume, LiDAR
1,204 m³
Parcel 62067F1205/00F000, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Remouchamps(LVG) 36, 4141 Sprimont
since 19942.068.623.780
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62067F1205/00F000 | Wallonia | 5,340 m² | 1 · 217 m² | 7.7 m · 2 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.
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Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. 1,771 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-09-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453479750
Also
9925:BE0453479750
Registered
18-09-2026
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.