LAABZ
ActiveThe file of LAABZ contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 5.0% (elevated). The 2024 annual accounts show equity of €45k and a net result of €9k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 18936 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+14
Solvency68▼-1
Growth85=
Track record85
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.92 against 1.28 in 2023; short-term debt: 38% and cash: 19.1% of total assets), but 57.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 →
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
42.7%
Return on assets
8.5%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
70 d late
2022
402 d late
2021
242 d late
2020
507 d late
2019
172 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€482k▲ 976%
2019 · €45k
2019: €45k
2020: €482k▲ +976% vs 2019
2019 → 2020
EBIT margin
2.8%▲ 16.3pp
2019 · -13.5%
2019: -13.5%
2020: 2.8%▲ +121% vs 2019
2019 → 2020
Net result
€9k▲ 1.4%
2023 · €9k
2019: €-6k
2020: €14k▲ +325% vs 2019highest in 6 years
2021: €-2k▼ -111% vs 2020
2022: €-8k▼ -439% vs 2021lowest in 6 years
2023: €9k▲ +208% vs 2022
2024: €9k▲ +1.4% vs 2023
2019 → 2024
Working capital
€37k▲ 430%
2023 · €7k
2019: €-15k
2020: €14k▲ +189% vs 2019
2021: €-27k▼ -301% vs 2020lowest in 6 years
2022: €-21k▲ +22.1% vs 2021
2023: €7k▲ +133% vs 2022
2024: €37k▲ +430% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€482k-
Equity€26k-€36k▲ 35.7%€27k▼ 23.1%€36k▲ 32.6%€45k▲ 24.9%
2020: €26klowest in 5 years
2021: €36k▲ +35.7% vs 2020
2022: €27k▼ -23.1% vs 2021
2023: €36k▲ +32.6% vs 2022
2024: €45k▲ +24.9% vs 2023highest in 5 years
Operating result€14k-€-2k€-8k▼ 430%€9k€9k▲ 3.8%
2020: €14khighest in 5 years
2021: €-2k▼ -111% vs 2020
2022: €-8k▼ -430% vs 2021lowest in 5 years
2023: €9k▲ +210% vs 2022
2024: €9k▲ +3.8% vs 2023
Net result€14k-€-2k€-8k▼ 439%€9k€9k▲ 1.4%
2020: €14khighest in 5 years
2021: €-2k▼ -111% vs 2020
2022: €-8k▼ -439% vs 2021lowest in 5 years
2023: €9k▲ +208% vs 2022
2024: €9k▲ +1.4% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€28k ▼ 42.6%
Current assets
€77k ▲ 140%
Equity and liabilities €106k
Equity
€45k ▲ 24.9%
Debt
€61k ▲ 32.9%
Debt's share of the balance-sheet total rises from 55.8% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2023 · €32k
Cash flow
€32k▲
2023 · €32k
Current ratio
1.92▲
2023 · 1.28
Quick ratio
1.49▲
2023 · 0.99
Debt to equity
1.34▲
2023 · 1.26
ROE
19.9%▼
2023 · 24.6%
ROA
8.5%▼
2023 · 10.9%
Interest coverage
155.36
Debt ≤ 1 year
€40k▲
2023 · €25k
Debt > 1 year
€20k=
2023 · €20k
Staff costs
€137k▲
2023 · €92k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€82k€106k▲
Fixed assets21/28€50k€28k▼
Tangible fixed assets22/27€48k€27k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€6k€3k▼
Leasing and similar rights25€8k-
Other tangible fixed assets26€26k€20k▼
Financial fixed assets28€2k€2k=
Current assets29/58€32k€77k▲
Stocks and contracts in progress3€7k€17k▲
Stocks30/36€7k€17k▲
Amounts receivable within one year40/41€10k€40k▲
Trade receivables40-€31k
Other amounts receivable41€10k€8k▼
Current investments50/53€516€462▼
Cash at bank and in hand54/58€15k€20k▲
Equity and liabilities
Total equity and liabilities10/49€82k€106k▲
Equity10/15€36k€45k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€18k€27k▲
Amounts payable17/49€46k€61k▲
Amounts payable after more than one year17€20k€20k=
Financial debts170/4€20k€20k=
Amounts payable within one year42/48€25k€40k▲
Current portion of amounts payable after more than one year42€11k€11k=
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€9k€28k▲
Taxes450/3€700€28k▲
Remuneration and social security454/9€8k€118▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€619k-
Remuneration, social security and pensions62€92k€137k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k=
Other operating charges640/8-€2k
Gross operating margin9900€125k€173k▲
Operating profit (loss)9901€9k€9k▲
Financial charges65/66B-€210
Recurring financial charges65-€210
Profit (loss) for the period before taxes9903€9k€9k▲
Profit (loss) for the period9904€9k€9k▲
Profit (loss) for the period to be appropriated9905€9k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€27k▲
Profit (loss) brought forward from the previous period14P€9k€18k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €482k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €390k | €275k | €619k | - | - |
| Remuneration, social security and pensions62 | - | €87k | €102k | €92k | €137k | ▲ 49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €20k | €20k | €23k | €23k | = |
| Other operating charges640/8 | - | - | €322 | - | €2k | - |
| Gross operating margin9900 | €29k | €105k | €115k | €125k | €173k | ▲ 38.6% |
| Operating profit (loss)9901 | €14k | €-2k | €-8k | €9k | €9k | ▲ 3.8% |
| Financial charges65/66B | - | - | €143 | - | €210 | - |
| Recurring financial charges65 | - | - | €143 | - | €210 | - |
| Profit (loss) for the period before taxes9903 | €14k | €-2k | €-8k | €9k | €9k | ▲ 1.4% |
| Profit (loss) for the period9904 | €14k | €-2k | €-8k | €9k | €9k | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-2k | €-8k | €9k | €9k | ▲ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €116k | €105k | €82k | €106k | ▲ 29.4% |
| Fixed assets21/28 | €33k | €83k | €69k | €50k | €28k | ▼ 42.6% |
| Tangible fixed assets22/27 | €33k | €83k | €67k | €48k | €27k | ▼ 44.2% |
| Plant, machinery and equipment23 | €6k | €18k | €13k | €7k | €4k | ▼ 46.0% |
| Furniture and vehicles24 | €2k | €2k | €5k | €6k | €3k | ▼ 45.1% |
| Leasing and similar rights25 | €25k | €25k | €16k | €8k | - | - |
| Other tangible fixed assets26 | - | €38k | €33k | €26k | €20k | ▼ 26.2% |
| Financial fixed assets28 | - | - | €2k | €2k | €2k | = |
| Current assets29/58 | €35k | €33k | €36k | €32k | €77k | ▲ 140% |
| Stocks and contracts in progress3 | €4k | €6k | €9k | €7k | €17k | ▲ 137% |
| Stocks30/36 | €4k | €6k | €9k | €7k | €17k | ▲ 137% |
| Amounts receivable within one year40/41 | - | €24k | €14k | €10k | €40k | ▲ 298% |
| Trade receivables40 | - | - | €11k | - | €31k | - |
| Other amounts receivable41 | - | €24k | €2k | €10k | €8k | ▼ 16.3% |
| Current investments50/53 | - | - | - | €516 | €462 | ▼ 10.4% |
| Cash at bank and in hand54/58 | €31k | €3k | €13k | €15k | €20k | ▲ 39.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €116k | €105k | €82k | €106k | ▲ 29.4% |
| Equity10/15 | €26k | €36k | €27k | €36k | €45k | ▲ 24.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | - | - | - |
| Issued capital100 | €19k | €19k | €19k | - | - | - |
| Profit (loss) carried forward14 | €8k | €17k | €9k | €18k | €27k | ▲ 51.3% |
| Amounts payable17/49 | €42k | €80k | €78k | €46k | €61k | ▲ 32.9% |
| Amounts payable after more than one year17 | €20k | €20k | €20k | €20k | €20k | = |
| Financial debts170/4 | €20k | €20k | €20k | €20k | €20k | = |
| Amounts payable within one year42/48 | €21k | €60k | €57k | €25k | €40k | ▲ 59.7% |
| Current portion of amounts payable after more than one year42 | €11k | €11k | €11k | €11k | €11k | = |
| Trade debts44 | - | - | - | €5k | €1k | ▼ 80.7% |
| Suppliers440/4 | - | - | - | €5k | €1k | ▼ 80.7% |
| Taxes, remuneration and social security45 | €11k | €8k | €26k | €9k | €28k | ▲ 219% |
| Taxes450/3 | €3k | €2k | €2k | €700 | €28k | ▲ 3,936% |
| Remuneration and social security454/9 | €8k | €6k | €24k | €8k | €118 | ▼ 98.6% |
| Other amounts payable47/48 | - | €41k | €20k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-2k | €-8k | €9k | €9k | ▲ 1.4% |
| + Depreciation and write-downs630 | €15k | €20k | €20k | €23k | €23k | = |
| Operating cash flow (approximation) | €29k | €18k | €12k | €32k | €32k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €-70k | €-6k | €-4k | €-2k | ▲ 43.9% |
| Change in cash | - | €-28k | €10k | €2k | €6k | ▲ 241% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 402 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.28
Current ratio from 0.63 to 1.28; short-term debt falls from €57k to €25k.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 242 days late
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 507 days late
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 172 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity times 20current ratio 1.63
Current ratio from 0.08 to 1.63.
2019
17-12
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 10-12-2019
27-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 21-11-2019
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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 · 2 establishment units since 2018
Ground area
739 m²
Building footprint
453 m²
Volume, LiDAR
4,646 m³
2 parcels, Brussels · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Brandhoutkaai 3, 1000 Brussel
since 20182.276.231.001
SANDO
since 20252.380.415.434
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1472/00A000 ProtectedMonumentBarokke koetspoort |
Brussels | 461 m² | 1 · 173 m² | 15.1 m · 3 fl. |
| 21812N0439/00L000 ProtectedMonumentKoetspoort |
Brussels | 278 m² | 1 · 280 m² | 16.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
21-11-2019 → 10-12-2019 |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.380.415.434
Brussel2.276.231.001
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,431 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
61100Wired, wireless and satellite telecommunications
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.