LE 80
ActiveThe file of LE 80 contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€81,607) and a net result of €6,676. Equity is shrinking by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 13683 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▲+34
Solvency0=
Growth58=
Track record54
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.16 in 2024; short-term debt: 123.3% and cash: 0.5% of total assets), and equity is negative.
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Signals
Eight 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 · 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
-35.2%
Return on assets
2.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 13683 sector peers (2025).
NBB · sector comparisonPosition among 13683 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 3 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€81,607▲ 7.6%
2024 · -€88,283
Total assets
€231,840▼ 1.1%
2024 · €234,345
Net result
€6,676
2024 · -€36,223
Working capital
-€231,501▲ 13.8%
2024 · -€268,614
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€50,563--€10,127▲ 80.0%€36,353
Net result-€57,060below the sector's middle half--€36,223below the sector's middle half▲ 36.5%€6,676within the sector's middle half
Equity-€52,060below the sector's middle half--€88,283below the sector's middle half▼ 69.6%-€81,607below the sector's middle half▲ 7.6%
Total assets€222,720within the sector's middle half-€234,345within the sector's middle half▲ 5.2%€231,840within the sector's middle half▼ 1.1%
Debt€274,780-€322,627▲ 17.4%€313,447▼ 2.8%
Working capital-€173,703below the sector's middle half--€268,614below the sector's middle half▼ 54.6%-€231,501below the sector's middle half▲ 13.8%
Solvency-23.4%below the sector's middle half--37.7%below the sector's middle half▼ 14.3pp-35.2%below the sector's middle half▲ 2.5pp
Current ratio0.24below the sector's middle half-0.16below the sector's middle half▼ 0.080.19below the sector's middle half▲ 0.03
Return on assets (ROA)-25.6%below the sector's middle half--15.5%below the sector's middle half▲ 10.2pp2.9%within the sector's middle half▲ 18.3pp
Staff (FTE)2-2.4
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36,353 after a loss of €10,127 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,840
Fixed assets
€177,572 ▼ 2.9%
Current assets
€54,268 ▲ 5.3%
Key figures and ratios
EBITDA
€41,586▲
2024 · -€5,641
Cash flow
€11,909▲
2024 · -€31,736
Quick ratio
0.11▲
2024 · 0.08
Debt to equity
-3.84▼
2024 · -3.65
Interest coverage
1.40▲
2024 · -0.22
Debt ≤ 1 year
€285,769▼
2024 · €320,153
Debt > 1 year
€20,189▲
2024 · €0
Staff costs
€98,455▲
2024 · €91,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
4.5%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 497,340 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% | 1.8% |
| 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 516 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €136,583 | €91,615 | €98,455 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €620 | €4,487 | €5,233 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €30,000 | €0 | - | - |
| Other operating charges640/8 | €308 | €610 | €786 | ▲ 28.9% |
| Non-recurring operating charges66A | - | €6,000 | €2,989 | ▼ 50.2% |
| Gross operating margin9900 | €116,948 | €92,584 | €143,816 | ▲ 55.3% |
| Operating profit (loss)9901 | -€50,563 | -€10,127 | €36,353 | ▲ 459% |
| Financial income75/76B | - | - | €2 | - |
| Recurring financial income75 | - | - | €2 | - |
| Financial charges65/66B | €6,497 | €26,095 | €29,680 | ▲ 13.7% |
| Recurring financial charges65 | €6,497 | €26,095 | €29,680 | ▲ 13.7% |
| Profit (loss) for the period before taxes9903 | -€57,060 | -€36,223 | €6,676 | ▲ 118% |
| Profit (loss) for the period9904 | -€57,060 | -€36,223 | €6,676 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€57,060 | -€36,223 | €6,676 | ▲ 118% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €222,720 | €234,345 | €231,840 | ▼ 1.1% |
| Fixed assets21/28 | €168,323 | €182,805 | €177,572 | ▼ 2.9% |
| Intangible fixed assets21 | €5,000 | €4,000 | €3,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €163,323 | €173,035 | €168,802 | ▼ 2.4% |
| Plant, machinery and equipment23 | €163,323 | €170,140 | €166,213 | ▼ 2.3% |
| Other tangible fixed assets26 | - | €2,895 | €2,589 | ▼ 10.6% |
| Financial fixed assets28 | - | €5,770 | €5,770 | = |
| Current assets29/58 | €54,397 | €51,540 | €54,268 | ▲ 5.3% |
| Stocks and contracts in progress3 | €28,432 | €25,912 | €23,850 | ▼ 8.0% |
| Stocks30/36 | €28,432 | €25,912 | €23,850 | ▼ 8.0% |
| Amounts receivable within one year40/41 | €5,019 | €14,158 | €28,593 | ▲ 102% |
| Trade receivables40 | €3,695 | €13,818 | €28,087 | ▲ 103% |
| Other amounts receivable41 | €1,323 | €340 | €506 | ▲ 48.6% |
| Cash at bank and in hand54/58 | €20,947 | €11,470 | €1,178 | ▼ 89.7% |
| Deferred charges and accrued income490/1 | - | - | €647 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €222,720 | €234,345 | €231,840 | ▼ 1.1% |
| Equity10/15 | -€52,060 | -€88,283 | -€81,607 | ▲ 7.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€57,060 | -€93,283 | -€86,607 | ▲ 7.2% |
| Amounts payable17/49 | €274,780 | €322,627 | €313,447 | ▼ 2.8% |
| Amounts payable after more than one year17 | €45,807 | €0 | €20,189 | - |
| Financial debts170/4 | €45,807 | €0 | €20,189 | - |
| Amounts payable within one year42/48 | €228,101 | €320,153 | €285,769 | ▼ 10.7% |
| Current portion of amounts payable after more than one year42 | €10,079 | €48,389 | €16,810 | ▼ 65.3% |
| Financial debts43 | - | €9,210 | €8,737 | ▼ 5.1% |
| Credit institutions430/8 | - | €9,210 | €8,737 | ▼ 5.1% |
| Trade debts44 | €130,880 | €202,104 | €190,377 | ▼ 5.8% |
| Suppliers440/4 | €130,880 | €202,104 | €190,377 | ▼ 5.8% |
| Taxes, remuneration and social security45 | €77,038 | €49,742 | €62,289 | ▲ 25.2% |
| Taxes450/3 | €44,038 | €40,843 | €47,265 | ▲ 15.7% |
| Remuneration and social security454/9 | €33,000 | €8,898 | €15,025 | ▲ 68.8% |
| Other amounts payable47/48 | €10,103 | €10,708 | €7,556 | ▼ 29.4% |
| Accrued charges and deferred income492/3 | €872 | €2,474 | €7,489 | ▲ 203% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€57,060 | -€36,223 | €6,676 | ▲ 118% |
| + Depreciation and write-downs630 | €620 | €4,487 | €5,233 | ▲ 16.6% |
| Operating cash flow (approximation) | -€56,440 | -€31,736 | €11,909 | ▲ 138% |
| Investment in fixed assets (approximation) | - | -€18,969 | €0 | ▲ 100% |
| Change in cash | - | -€9,477 | -€10,291 | ▼ 8.6% |
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
20-04
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 15-04-2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
26-01
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement (SME) · event 21-01-2026
2025
30-06
Financial
Back to profitnet €6,676
Net result €6,676 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koksijde · 2 establishment units since 2022
Ground area
4,236 m²
Building footprint
1,402 m²
Volume, LiDAR
4,668 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
LE 80
since 20222.328.460.155
't Zout by OH
since 20232.344.720.028
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014D0265/00Z000 | Flanders | 4,119 m² | 1 · 1,402 m² | 6.8 m · 2 fl. |
| 38014D0242/00D000 | Flanders | 117 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoksijde2.328.460.155
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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 20,500 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-02-2022
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782575313
Also
9925:BE0782575313
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.