Le Soleil Rouge
ActiveThe computed 12-month bankruptcy probability of Le Soleil Rouge is 3.1% (moderate). The 2024 annual accounts show equity of €1.11M and a net result of €243k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 2935 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days only on tighter terms
Liquidity ample (current ratio 5.3 against 5.77 in 2023; short-term debt: 18.2% and cash: 60.3% of total assets), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.2%
Return on assets
17.4%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
99 d late
2022
90 d late
2021
31 d late
2020
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.11M▲ 28.1%
2023 · €863k
2020: €13k
2021: €434k
2022: €582k
2023: €863k
2020 → 2024
Total assets
€1.39M▲ 35.8%
2023 · €1.03M
2020: €378k
2021: €819k
2022: €932k
2023: €1.03M
2020 → 2024
Net result
€243k▼ 13.6%
2023 · €281k
2020: €8k
2021: €421k
2022: €63k
2023: €281k
2020 → 2024
Working capital
€1.09M▲ 38.7%
2023 · €785k
2020: €115k
2021: €508k
2022: €501k
2023: €785k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€434k▲ 3,187%€582k▲ 34.2%€863k▲ 48.2%€1.11M▲ 28.1%
Operating result€17k-€423k▲ 2,432%€339k▼ 19.7%€380k▲ 12.1%€349k▼ 8.3%
Net result€8k-€421k▲ 5,031%€63k▼ 84.9%€281k▲ 343%€243k▼ 13.6%
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 falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.39M
Fixed assets
€51k▼ 33.3%
Current assets
€1.34M▲ 41.4%
Equity and liabilities €1.39M
Equity
€1.11M▲ 28.1%
Debt
€290k▲ 75.9%
The debt ratio rises from 16.0% to 20.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€375k▼
2023 · €406k
Cash flow
€269k▼
2023 · €307k
Solvency
79.2%▼
2023 · 84.0%
Current ratio
5.30▼
2023 · 5.77
Quick ratio
5.30▼
2023 · 5.72
Debt / equity
0.26▲
2023 · 0.19
ROE
22.0%▼
2023 · 32.5%
ROA
17.4%▼
2023 · 27.3%
Interest coverage
468.70▲
2023 · 117.83
Debt
€290k▲
2023 · €165k
Debt ≤ 1 year
€254k▲
2023 · €165k
Income taxes
€105k▲
2023 · €96k
Staff costs
€279k▼
2023 · €354k
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€1.03M€1.39M▲
Fixed assets21/28€77k€51k▼
Tangible fixed assets22/27€76k€49k▼
Plant, machinery and equipment23€21k€11k▼
Furniture and vehicles24€13k€8k▼
Other tangible fixed assets26€41k€30k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€950k€1.34M▲
Amounts receivable after more than one year29€452k€452k=
Other amounts receivable291€452k€452k=
Stocks and contracts in progress3€8k€0▼
Stocks30/36€8k€0▼
Amounts receivable within one year40/41€22k€51k▲
Trade receivables40€16k€2k▼
Other amounts receivable41€6k€48k▲
Cash at bank and in hand54/58€468k€841k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.39M▲
Equity10/15€863k€1.11M▲
Contributions10/11€5k€5k=
Reserves13€205k€205k=
Distributable reserves133€205k€205k=
Profit (loss) carried forward14€652k€895k▲
Amounts payable17/49€165k€290k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€165k€254k▲
Trade debts44€100k€48k▼
Suppliers440/4€100k€48k▼
Taxes, remuneration and social security45€58k€144k▲
Taxes450/3€35k€127k▲
Remuneration and social security454/9€23k€17k▼
Other amounts payable47/48€6k€62k▲
Accrued charges and deferred income492/3-€36k
Income statement
Code20232024
Remuneration, social security and pensions62€354k€279k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€27k▲
Other operating charges640/8€17k€27k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€778k€687k▼
Operating profit (loss)9901€380k€349k▼
Financial income75/76B€0€17▲
Recurring financial income75€0€17▲
Financial charges65/66B€3k€801▼
Recurring financial charges65€3k€801▼
Profit (loss) for the period before taxes9903€377k€348k▼
Income taxes67/77€96k€105k▲
Profit (loss) for the period9904€281k€243k▼
Profit (loss) for the period to be appropriated9905€281k€243k▼
Appropriation of the result
Profit (loss) to be appropriated9906€652k€895k▲
Profit (loss) brought forward from the previous period14P€371k€652k▲
Social balance
Average headcount (FTE)9087-0.0
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 92 days late
2024
31-12
Financial
Equity above €1MEq €1.11M ▲28.1%
5 profitable years in a row build equity to €1.11M.
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 99 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 5.77
Current ratio from 2.45 to 5.77; short-term debt falls from €347k to €165k.
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 90 days late
2022
31-12
Financial
Equity above €500kEq €582k ▲34.2%
3 profitable years in a row build equity to €582k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2020net €421k ▲5031%
Operating result €423k, net result €421k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.28
Current ratio from 2.00 to 5.28.
31-12
Financial
Equity above €200kEq €434k ▲3187%
2 profitable years in a row build equity to €434k.
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 2019
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.
Van Iseghemlaan 988400 OostendeGround area
2,660 m²
Building footprint
1,685 m²
Volume, LiDAR
31,751 m³
2 parcels, Flanders · tallest building 32.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Le Soleil Rouge
since 20192.289.290.169
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1595/00D029 | Flanders | 2,232 m² | 1 · 1,330 m² | 31.0 m · 8 fl. |
| 35013A1595/00E033 | Flanders | 428 m² | 1 · 355 m² | 32.3 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 siteOostende2.289.290.169
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 3,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2019
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@lido-sole.be