LE BUT
ActiveThe computed 12-month bankruptcy probability of LE BUT is 1.5% (moderate). The 2024 annual accounts show equity of €47k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 5896 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-1
Solvency54▲+14
Growth37▼-2
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.43 in 2023; short-term debt: 52.3% and cash: 2.9% of total assets), but 71.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
28.9%
Return on assets
8.7%
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 14-08-2025, 14 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
31 d late
2022
32 d late
2021
30 d late
2020
26 d late
2019
139 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€195k▼ 22.3%
2022 · €251k
2018: €325k
2019: €368k
2020: €326k
2021: €251k
2022: €251k
2018 → 2024
EBIT margin
9.4%▲ 33.4pp
2022 · -24.0%
2018: 11.0%
2019: 9.2%
2020: 6.2%
2021: -24.0%
2022: -24.0%
2018 → 2024
Net result
€14k▲ 39.3%
2023 · €10k
2018: €25k
2019: €24k
2020: €20k
2021: €-73k
2022: €-73k
2023: €10k
2018 → 2024
Working capital
€66k▼ 2.3%
2023 · €67k
2018: €-19k
2019: €-3k
2020: €-39k
2021: €-54k
2022: €-54k
2023: €67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€326k-€251k▼ 22.9%€251k=€195k
Equity€70k-€-3k€-3k=€35k€47k▲ 33.2%
Operating result€20k-€-60k€-60k=€21k€18k▼ 13.1%
Net result€20k-€-73k€-73k=€10k€14k▲ 39.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161k
Fixed assets
€11k▼ 12.8%
Current assets
€150k▼ 32.5%
Equity and liabilities €161k
Equity
€47k▲ 33.2%
Debt
€114k▼ 42.7%
The debt ratio falls from 85.1% to 71.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2023 · €36k
Cash flow
€16k▼
2023 · €25k
Solvency
28.9%▲
2023 · 14.9%
Current ratio
1.78▲
2023 · 1.43
Quick ratio
1.78▲
2023 · 1.43
Debt / equity
2.46▼
2023 · 5.72
ROE
30.1%▲
2023 · 28.8%
ROA
8.7%▲
2023 · 4.3%
Interest coverage
7.31▼
2023 · 9.15
Debt
€114k▼
2023 · €200k
Debt ≤ 1 year
€84k▼
2023 · €155k
Debt > 1 year
€30k▼
2023 · €45k
Income taxes
€9k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€235k€161k▼
Fixed assets21/28€13k€11k▼
Tangible fixed assets22/27€13k€11k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€9k€8k▼
Leasing and similar rights25€0€0=
Financial fixed assets28€0-
Current assets29/58€222k€150k▼
Amounts receivable within one year40/41€175k€140k▼
Trade receivables40€59k€29k▼
Other amounts receivable41€116k€111k▼
Cash at bank and in hand54/58€47k€5k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€235k€161k▼
Equity10/15€35k€47k▲
Contributions10/11€21k€21k=
Reserves13€22k€20k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€22k€20k▼
Profit (loss) carried forward14€-8k€6k▲
Amounts payable17/49€200k€114k▼
Amounts payable after more than one year17€45k€30k▼
Financial debts170/4€45k€30k▼
Amounts payable within one year42/48€155k€84k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€65k€50k▼
Suppliers440/4€65k€50k▼
Advances received on contracts in progress46€59k€0▼
Taxes, remuneration and social security45€16k€17k▲
Taxes450/3€15k€17k▲
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€0€2k▲
Income statement
Code20232024
Turnover70-€195k
Goods, raw materials, services and sundry goods60/61-€198k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€2k▼
Other operating charges640/8€13k€7k▼
Gross operating margin9900€49k€27k▼
Operating profit (loss)9901€21k€18k▼
Financial income75/76B€100€7k▲
Recurring financial income75€100€7k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€17k€23k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€10k€14k▲
Profit (loss) for the period to be appropriated9905€10k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€6k▲
Profit (loss) brought forward from the previous period14P€-18k€-8k▲
Transfer from equity791/2-€2k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.57 to 1.43.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 139 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2003
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.
Théo Verbeecklaan 31070 AnderlechtGround area
73 m²
Building footprint
73 m²
Volume, LiDAR
667 m³
Parcel 21308H0457/00H000, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LE BUT
since 20032.123.472.035
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0457/00H000 | Brussels | 73 m² | 1 · 73 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteAnderlecht2.123.472.035
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Of 21,210 companies in sector 81300 we hold annual accounts for 4,360. 3,586 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2003
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.