LE CARTEL
ActiveSummary
The computed 12-month bankruptcy probability of LE CARTEL is 12.7% (high). The 2025 annual accounts show negative equity (€-15k) and a net result of €-2k. Equity is shrinking by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 13305 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
6
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth22=
Track record94
Bankruptcy probability, 12 months
12.7%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Six 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
Sector 56
higher
← 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 5 filingsDeviation from the deadline
2025
41 d late
2024
90 d late
2023
89 d late
2022
31 d early
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1k▼ 98.1%
2021 · €75k
2021: €75k
2021 → 2022
EBIT margin
-949.3%▼ 948.4pp
2021 · -0.9%
2021: -0.9%
2021 → 2022
Net result
€-2k▼ 5.6%
2024 · €-2k
2021: €-681
2022: €-14k
2023: €-2k
2024: €-2k
2021 → 2025
Working capital
€-18k▼ 8.9%
2024 · €-17k
2021: €-1k
2022: €-14k
2023: €-15k
2024: €-17k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€75k-€1k▼ 98.1%
Equity€5k-€-9k€-11k▼ 24.2%€-13k▼ 19.6%€-15k▼ 17.3%
Operating result€-661-€-13k▼ 1,910%€-2k▲ 87.0%€-2k▼ 17.9%€-2k▼ 8.7%
Net result€-681-€-14k▼ 1,944%€-2k▲ 85.1%€-2k▼ 0.8%€-2k▼ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5k
Fixed assets
€3k ▼ 21.8%
Current assets
€2k ▲ 3.9%
Key figures and ratios
EBITDA
€-1k▼
2024 · €-1k
Cash flow
€-1k▼
2024 · €-1k
Debt
€20k▲
2024 · €18k
Debt ≤ 1 year
€20k▲
2024 · €18k
Ratios withheld: a balance sheet total of €5k is too small for a meaningful ratio.
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 · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6k€5k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€466€123▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€200€200=
Current assets29/58€2k€2k▲
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40-€63
Other amounts receivable41€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€6k€5k▼
Equity10/15€-13k€-15k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-19k€-21k▼
Amounts payable17/49€18k€20k▲
Amounts payable within one year42/48€18k€20k▲
Trade debts44€1k-
Suppliers440/4€1k-
Other amounts payable47/48€17k€20k▲
Accrued charges and deferred income492/3€116-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€857€857=
Other operating charges640/8€50-
Gross operating margin9900€-1k€-1k▼
Operating profit (loss)9901€-2k€-2k▼
Financial charges65/66B€60-
Recurring financial charges65€60-
Profit (loss) for the period before taxes9903€-2k€-2k▼
Profit (loss) for the period9904€-2k€-2k▼
Profit (loss) for the period to be appropriated9905€-2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-21k▼
Profit (loss) brought forward from the previous period14P€-17k€-19k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 · 1 establishment unit since 2021
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.
Sint-Kristoffelsstraat 411000 BrusselGround area
638 m²
Building footprint
405 m²
Volume, LiDAR
6,781 m³
Parcel 21811M1085/00G000, Brussels · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
LE CARTEL
since 20212.314.696.548
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1085/00G000 | Brussels | 638 m² | 1 · 405 m² | 23.1 m · 7 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
KAST
BE 0806.934.882
Ronse · Eq €5,325
TRAITEUR MICHEL
BE 0746.654.629
Spa · Eq €5,289
GCM INVEST
BE 0803.746.849
Waregem · Eq €5,276
TRAITEUR HEYNINCK
BE 0808.573.786
Sint-Niklaas · Eq €5,265
AIR DU TEMPS EVENTS
BE 0863.641.577
Nivelles · Eq €5,406
Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 1,124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.