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LE PAVILLON

Active
Cooperative companyfounded 20188 yrs activeRue Joseph Dethier(DAL) 8, 4607 Dalhem, BelgiumKBO/BCE: BE 0698.686.644
Summary

LE PAVILLON has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.2m and a net result of €614,236. Equity is growing by ~26.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+50
Solvency73▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 3.51 against 0.04 in 2023; short-term debt: 11.9% and cash: 18.9% of total assets), but 52.4% 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
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
47.6%
Return on assets
25.4%
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
38 d early
2024
20 d early
2023
16 d early
2022
46 d early
2021
61 d late
2020
90 d late
2019
230 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 37 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

LE PAVILLON was incorporated on 21 June 2018.1 Total assets rose from EUR 596,099 in 2020 to EUR 2.4 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€1.2m▲ 114%
2023 · €537,442
Total assets
€2.4m▲ 113%
2023 · €1.1m
Net result
€614,236▲ 10,000%
2023 · €6,081
Working capital
€722,343
2023 · -€147,145
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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
Line20202021202220232024
Operating result-€4,819▼ 41.1%-€28,003▼ 481%-€21,381▲ 23.6%€24,587€858,611▲ 3,392%
Net result-€4,968within the sector's middle half▼ 45.1%-€28,153below the sector's middle half▼ 467%-€32,093below the sector's middle half▼ 14.0%€6,081within the sector's middle half€614,236above the sector's middle half▲ 10,000%
Equity€591,607above the sector's middle half▲ 102,760%€563,454above the sector's middle half▼ 4.8%€531,361above the sector's middle half▼ 5.7%€537,442above the sector's middle half▲ 1.1%€1.2mabove the sector's middle half▲ 114%
Total assets€596,099above the sector's middle half▲ 73,215%€600,960above the sector's middle half▲ 0.8%€1.1mabove the sector's middle half▲ 84.3%€1.1mabove the sector's middle half▲ 2.4%€2.4mabove the sector's middle half▲ 113%
Debt€4,492▲ 1,788%€37,506▲ 735%€576,461▲ 1,437%€597,248▲ 3.6%€1.1m▲ 76.0%
Working capital-€4,060within the sector's middle half-€31,880below the sector's middle half▼ 685%-€92,074below the sector's middle half▼ 189%-€147,145below the sector's middle half▼ 59.8%€722,343above the sector's middle half
Solvency99.2%above the sector's middle half93.8%above the sector's middle half▼ 5.5pp48.0%within the sector's middle half▼ 45.8pp47.4%within the sector's middle half▼ 0.6pp47.6%within the sector's middle half▲ 0.3pp
Current ratio0.10below the sector's middle half0.15below the sector's middle half▲ 0.050.15below the sector's middle half=0.04below the sector's middle half▼ 0.113.51above the sector's middle half▲ 3.46
Return on assets (ROA)-0.8%within the sector's middle half-4.7%below the sector's middle half▼ 3.9pp-2.9%within the sector's middle half▲ 1.8pp0.5%within the sector's middle half▲ 3.4pp25.4%above the sector's middle half▲ 24.9pp
Staff (FTE)1
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
-€250,000€0€250,000€500,000€750,000Operating result 2020: -€4,819-€4,819Net result 2020: -€4,968-€4,968Operating result 2021: -€28,003-€28,003Net result 2021: -€28,153-€28,153Operating result 2022: -€21,381-€21,381Net result 2022: -€32,093-€32,093Operating result 2023: €24,587€24,587Net result 2023: €6,081€6,081Operating result 2024: €858,611€858,611Net result 2024: €614,236€614,23620202021202220232024-€250,000€0€250,000€500,000€750,000Operating result 2022: -€21,381-€21,400Net result 2022: -€32,093-€32,100Operating result 2023: €24,587€24,600Net result 2023: €6,081€6,080Operating result 2024: €858,611€859,000Net result 2024: €614,236€614,000202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 3,392% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets €1.4m ▲ 24.8%
Current assets €1.0m ▲ 15,098%
Equity and liabilities €2.4m
Equity €1.2m ▲ 114%
Provisions €216,021
Debt €1.1m ▲ 76.0%
Debt's share of the balance-sheet total falls from 52.6% to 43.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€942,073▲
2023 · €68,096
Cash flow
€697,698▲
2023 · €49,590
Debt to equity
0.91▼
2023 · 1.11
ROE
53.3%▲
2023 · 1.1%
Interest coverage
33.23▲
2023 · 3.68
Debt ≤ 1 year
€288,313▲
2023 · €153,795
Debt > 1 year
€754,037▲
2023 · €437,126
Staff costs
€5,942
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 26,975 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.1m€2.4m▲
Fixed assets21/28€1.1m€1.4m▲
Tangible fixed assets22/27€1.1m€1.4m▲
Land and buildings22€974,105€1.2m▲
Plant, machinery and equipment23€79,579€89,929▲
Furniture and vehicles24€37,872€32,411▼
Other tangible fixed assets26€35,384€35,384=
Financial fixed assets28€1,100€1,100=
Current assets29/58€6,650€1.0m▲
Amounts receivable within one year40/41€2,337€16,538▲
Trade receivables40€0€700▲
Other amounts receivable41€2,337€15,838▲
Cash at bank and in hand54/58€3,581€456,207▲
Deferred charges and accrued income490/1€732€537,911▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€2.4m▲
Equity10/15€537,442€1.2m▲
Contributions10/11€600,000€600,000=
Reserves13-€648,062
Tax-exempt reserves132-€648,062
Profit (loss) carried forward14-€62,558-€96,383▼
Provisions and deferred taxes16-€216,021
Deferred taxes168-€216,021
Amounts payable17/49€597,248€1.1m▲
Amounts payable after more than one year17€437,126€754,037▲
Financial debts170/4€437,126€754,037▲
Amounts payable within one year42/48€153,795€288,313▲
Current portion of amounts payable after more than one year42€29,671€30,386▲
Trade debts44€13,979€139,690▲
Suppliers440/4€13,979€139,690▲
Taxes, remuneration and social security45-€1,106
Remuneration and social security454/9-€1,106
Other amounts payable47/48€110,146€117,131▲
Accrued charges and deferred income492/3€6,326€8,672▲
Income statement Code20232024
Non-recurring operating income76A-€897,620
Remuneration, social security and pensions62-€5,942
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43,509€83,461▲
Other operating charges640/8€3,339€4,017▲
Gross operating margin9900€71,435€952,031▲
Operating profit (loss)9901€24,587€858,611▲
Financial income75/76B€12€0▼
Recurring financial income75€12€0▼
Financial charges65/66B€18,518€28,354▲
Recurring financial charges65€18,518€28,354▲
Profit (loss) for the period before taxes9903€6,081€830,257▲
Transfer from deferred taxes780-€8,384
Transfer to deferred taxes680-€224,405
Profit (loss) for the period9904€6,081€614,236▲
Transfer from tax-exempt reserves789-€25,153
Transfer to tax-exempt reserves689-€673,215
Profit (loss) for the period to be appropriated9905€6,081-€33,826▼
Appropriation of the result
Profit (loss) to be appropriated9906-€62,558-€96,383▼
Profit (loss) brought forward from the previous period14P-€68,639-€62,558▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A----€897,620-
Remuneration, social security and pensions62----€5,942-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€333€333€23,933€43,509€83,461▲ 91.8%
Other operating charges640/8-€1,191€2,039€3,339€4,017▲ 20.3%
Gross operating margin9900-€3,704-€26,479€4,591€71,435€952,031▲ 1,233%
Operating profit (loss)9901-€4,819-€28,003-€21,381€24,587€858,611▲ 3,392%
Financial income75/76B---€12€0▼ 100%
Recurring financial income75---€12€0▼ 100%
Financial charges65/66B-€150€10,712€18,518€28,354▲ 53.1%
Recurring financial charges65€149€150€10,712€18,518€28,354▲ 53.1%
Profit (loss) for the period before taxes9903-€4,968-€28,153-€32,093€6,081€830,257▲ 13,552%
Transfer from deferred taxes780----€8,384-
Transfer to deferred taxes680----€224,405-
Profit (loss) for the period9904-€4,968-€28,153-€32,093€6,081€614,236▲ 10,000%
Transfer from tax-exempt reserves789----€25,153-
Transfer to tax-exempt reserves689----€673,215-
Profit (loss) for the period to be appropriated9905-€4,968-€28,153-€32,093€6,081-€33,826▼ 656%
Line20202021202220232024Change
Assets
Total assets20/58€596,099€600,960€1.1m€1.1m€2.4m▲ 113%
Fixed assets21/28€595,667€595,333€1.1m€1.1m€1.4m▲ 24.8%
Tangible fixed assets22/27€595,667€595,333€1.1m€1.1m€1.4m▲ 24.8%
Land and buildings22-€595,000€986,426€974,105€1.2m▲ 28.2%
Plant, machinery and equipment23-€333€22,798€79,579€89,929▲ 13.0%
Furniture and vehicles24--€48,267€37,872€32,411▼ 14.4%
Other tangible fixed assets26--€32,601€35,384€35,384=
Financial fixed assets28--€1,100€1,100€1,100=
Current assets29/58€433€5,626€16,630€6,650€1.0m▲ 15,098%
Amounts receivable within one year40/41--€10,927€2,337€16,538▲ 608%
Trade receivables40--€134€0€700-
Other amounts receivable41--€10,794€2,337€15,838▲ 578%
Cash at bank and in hand54/58€433€5,626€4,905€3,581€456,207▲ 12,640%
Deferred charges and accrued income490/1--€798€732€537,911▲ 73,390%
Equity and liabilities
Total equity and liabilities10/49€596,099€600,960€1.1m€1.1m€2.4m▲ 113%
Equity10/15€591,607€563,454€531,361€537,442€1.2m▲ 114%
Contributions10/11€600,000€600,000€600,000€600,000€600,000=
Capital10-€600,000----
Issued capital100-€600,000----
Reserves13----€648,062-
Tax-exempt reserves132----€648,062-
Profit (loss) carried forward14-€8,393-€36,546-€68,639-€62,558-€96,383▼ 54.1%
Provisions and deferred taxes16----€216,021-
Deferred taxes168----€216,021-
Amounts payable17/49€4,492€37,506€576,461€597,248€1.1m▲ 76.0%
Amounts payable after more than one year17--€466,797€437,126€754,037▲ 72.5%
Financial debts170/4--€466,797€437,126€754,037▲ 72.5%
Amounts payable within one year42/48€4,492€37,506€108,704€153,795€288,313▲ 87.5%
Current portion of amounts payable after more than one year42--€28,973€29,671€30,386▲ 2.4%
Trade debts44--€23,398€13,979€139,690▲ 899%
Suppliers440/4--€23,398€13,979€139,690▲ 899%
Taxes, remuneration and social security45----€1,106-
Remuneration and social security454/9----€1,106-
Other amounts payable47/48-€37,506€56,333€110,146€117,131▲ 6.3%
Accrued charges and deferred income492/3--€960€6,326€8,672▲ 37.1%
Line20202021202220232024Change
Profit (loss) for the period9904-€4,968-€28,153-€32,093€6,081€614,236▲ 10,000%
+ Depreciation and write-downs630€333€333€23,933€43,509€83,461▲ 91.8%
Operating cash flow (approximation)-€4,635-€27,820-€8,160€49,590€697,698▲ 1,307%
Investment in fixed assets (approximation)-€0-€519,792-€80,357-€363,486▼ 352%
Change in cash-€5,194-€721-€1,324€452,627▲ 34,282%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2019net €614,236 ▲10,000%
Operating result €858,611, net result €614,236, both a record.
31-12
Financial Liquidity times 81current ratio 3.51
Current ratio from 0.04 to 3.51.
31-12
Financial Equity above €1mEq €1.2m ▲114%
2 profitable years in a row build equity to €1.2m.
15-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €6,081
Net result €6,081 after 4 loss-making years.
15-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet -€32,093
Net result drops to -€32,093, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
18-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 230 days late
2020
31-12
Financial Equity above €500,000Eq €591,607 ▲102,760%
Equity rises from €575 to €591,607.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Dalhem · 1 establishment unit since 2018
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.

Rue Joseph Dethier(DAL) 84607 Dalhem
1 establishment unit
Rue Joseph Dethier(DAL) 8, 4607 Dalhem
Growing of vegetables, melons, roots and tubers
since 20182.279.850.188

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Dalhem2.279.850.188
1 permission
Boerderij - schapen en geiten · since 29-08-2025

Similar companies · same sector, comparable size

Of 7,494 companies in sector 56210 we hold annual accounts for 2,451. 796 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCooperative company
Founded21-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
56210Event catering
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
70100Activities of head offices
70200Business and other management consultancy
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0698686644
Also 9925:BE0698686644
Registered 19-09-2025

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.