LE PEPIN
ActiveThe computed 12-month bankruptcy probability of LE PEPIN is 1.9% (moderate). The 2025 annual accounts show equity of €4k and a net result of €-35k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 24% of 3603 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency2▼-10
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.32 in 2024), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 56
Relative position
BE, all sectors
reference
Sector 56
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 2025Solvency, return and age of the figures
Solvency
2.4%
Return on assets
-20.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 3603 sector peers (2025).
NBB · sector comparisonPosition among 3603 sector peers
Solvency
better than 24%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
66 d early
2023
27 d early
2022
18 d late
2021
1 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4k▼ 89.4%
2024 · €39k
2018: €35k
2019: €34k
2020: €30k
2021: €43k
2022: €85k
2023: €61k
2024: €39k
2018 → 2025
Total assets
€170k▼ 18.8%
2024 · €209k
2018: €63k
2019: €45k
2020: €39k
2021: €56k
2022: €270k
2023: €247k
2024: €209k
2018 → 2025
Net result
€-35k▼ 63.5%
2024 · €-21k
2018: €6k
2019: €-704
2020: €-4k
2021: €14k
2022: €42k
2023: €-24k
2024: €-21k
2018 → 2025
Working capital
€-114k▼ 8.6%
2024 · €-105k
2018: €8k
2019: €10k
2020: €10k
2021: €21k
2022: €-120k
2023: €-113k
2024: €-105k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€85k▲ 96.0%€61k▼ 28.8%€39k▼ 35.3%€4k▼ 89.4%
Operating result€16k-€34k▲ 114%€-22k€-18k▲ 20.1%€-31k▼ 78.1%
Net result€14k-€42k▲ 207%€-24k€-21k▲ 12.4%€-35k▼ 63.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2025 against €18k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€126k▼ 21.4%
Current assets
€44k▼ 10.4%
Equity and liabilities €170k
Equity
€4k▼ 89.4%
Debt
€166k▼ 2.5%
The debt ratio rises from 81.3% to 97.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€9k▼
2024 · €23k
Cash flow
€5k▼
2024 · €19k
Solvency
2.4%▼
2024 · 18.7%
Current ratio
0.28▼
2024 · 0.32
Quick ratio
0.22▼
2024 · 0.25
Debt / equity
40.07▲
2024 · 4.35
ROE
-845.2%▼
2024 · -54.7%
ROA
-20.6%▼
2024 · -10.2%
Interest coverage
2.30▼
2024 · 6.00
Debt
€166k▼
2024 · €170k
Debt ≤ 1 year
€158k▲
2024 · €154k
Debt > 1 year
€8k▼
2024 · €16k
Staff costs
€194k▼
2024 · €210k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€209k€170k▼
Fixed assets21/28€160k€126k▼
Tangible fixed assets22/27€159k€125k▼
Plant, machinery and equipment23€107k€81k▼
Furniture and vehicles24€10k€12k▲
Leasing and similar rights25€43k€32k▼
Financial fixed assets28€258€258=
Current assets29/58€50k€44k▼
Stocks and contracts in progress3€10k€9k▼
Stocks30/36€10k€9k▼
Amounts receivable within one year40/41€5k€5k▼
Trade receivables40€1k€605▼
Other amounts receivable41€4k€4k=
Cash at bank and in hand54/58€32k€29k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€209k€170k▼
Equity10/15€39k€4k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€66k€66k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-46k€-81k▼
Amounts payable17/49€170k€166k▼
Amounts payable after more than one year17€16k€8k▼
Financial debts170/4€16k€8k▼
Amounts payable within one year42/48€154k€158k▲
Current portion of amounts payable after more than one year42€20k€15k▼
Trade debts44€35k€43k▲
Suppliers440/4€35k€43k▲
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€88k€86k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€427k€410k▼
Remuneration, social security and pensions62€210k€194k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€40k▼
Other operating charges640/8€159€282▲
Gross operating margin9900€234k€203k▼
Operating profit (loss)9901€-18k€-31k▼
Financial income75/76B€3€16▲
Recurring financial income75€3€16▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-21k€-35k▼
Profit (loss) for the period9904€-21k€-35k▼
Profit (loss) for the period to be appropriated9905€-21k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-81k▼
Profit (loss) brought forward from the previous period14P€-24k€-46k▼
The notes to these accounts (8 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €42k ▲207%
Operating result €34k, net result €42k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · 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
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-11-2021
Resigned as Director
Location & real-estate footprint
Registered office, Pepinster · 1 establishment unit since 2009
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 Pepin 37/394860 PepinsterGround area
190 m²
Building footprint
81 m²
Volume, LiDAR
815 m³
Parcel 63058B0221/00K000, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LE PEPIN
since 20092.176.943.185
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63058B0221/00K000 | Wallonia | 190 m² | 1 · 81 m² | 14.2 m · 4 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.
Similar companies · same sector, comparable size
MESOPOTAMIA
BE 0806.868.071
Ronse · Eq €4k
LA FOOD
BE 0768.336.109
Kuurne · Eq €4k
HÄVN
BE 0785.992.483
Leuven · Eq €4k
LAYALI BEIRUT
BE 0741.902.025
Mechelen · Eq €4k
IL VESPONE
BE 0774.928.248
Overijse · Eq €4k
Of 20,234 companies in sector 56111 we hold annual accounts for 11,308. 4,437 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2009
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.