LE SUD
ActiveThe computed 12-month bankruptcy probability of LE SUD is 2.0% (moderate). The 2024 annual accounts show equity of €77k and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 18939 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▼-32
Solvency65▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.06 in 2023; short-term debt: 59.5% and cash: 25.5% of total assets), and 59.7% 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 · 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
40.3%
Return on assets
-8.9%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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
55 d late
2023
22 d late
2022
29 d late
2021
30 d late
2020
19 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€77k▼ 18.0%
2023 · €94k
2018: €14k
2019: €-5k
2020: €-15k
2021: €16k
2022: €64k
2023: €94k
2018 → 2024
Total assets
€192k▲ 6.2%
2023 · €181k
2018: €74k
2019: €70k
2020: €68k
2021: €131k
2022: €260k
2023: €181k
2018 → 2024
Net result
€-17k
2023 · €30k
2018: €40k
2019: €-19k
2020: €-11k
2021: €31k
2022: €48k
2023: €30k
2018 → 2024
Working capital
€-4k
2023 · €5k
2018: €-10k
2019: €-37k
2020: €-49k
2021: €-13k
2022: €-5k
2023: €5k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-15k-€16k€64k▲ 308%€94k▲ 47.0%€77k▼ 18.0%
Operating result€-7k-€33k€66k▲ 101%€31k▼ 52.6%€-6k
Net result€-11k-€31k€48k▲ 56.0%€30k▼ 37.8%€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6k after €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €192k
Fixed assets
€82k▼ 10.3%
Current assets
€110k▲ 23.0%
Equity and liabilities €192k
Equity
€77k▼ 18.0%
Debt
€115k▲ 32.6%
The debt ratio rises from 47.8% to 59.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2023 · €44k
Cash flow
€546▼
2023 · €43k
Solvency
40.3%▼
2023 · 52.2%
Current ratio
0.97▼
2023 · 1.06
Quick ratio
0.90▼
2023 · 0.97
Debt / equity
1.48▲
2023 · 0.92
ROE
-22.0%▼
2023 · 32.0%
ROA
-8.9%▼
2023 · 16.7%
Interest coverage
15.87▼
2023 · 43.26
Debt
€115k▲
2023 · €87k
Debt ≤ 1 year
€114k▲
2023 · €85k
Debt > 1 year
€524▼
2023 · €1k
Income taxes
€10k
Staff costs
€211k▲
2023 · €178k
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€181k€192k▲
Fixed assets21/28€91k€82k▼
Tangible fixed assets22/27€46k€37k▼
Plant, machinery and equipment23€23k€23k▼
Furniture and vehicles24€23k€14k▼
Financial fixed assets28€45k€45k=
Current assets29/58€90k€110k▲
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€14k€33k▲
Trade receivables40-€10k
Other amounts receivable41€14k€23k▲
Cash at bank and in hand54/58€68k€49k▼
Deferred charges and accrued income490/1-€21k
Equity and liabilities
Total equity and liabilities10/49€181k€192k▲
Equity10/15€94k€77k▼
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Profit (loss) carried forward14€64k€47k▼
Amounts payable17/49€87k€115k▲
Amounts payable after more than one year17€1k€524▼
Financial debts170/4€1k€524▼
Amounts payable within one year42/48€85k€114k▲
Current portion of amounts payable after more than one year42€2k€970▼
Trade debts44€30k€89k▲
Suppliers440/4€30k€89k▲
Taxes, remuneration and social security45€18k€19k▲
Taxes450/3€5k€19k▲
Remuneration and social security454/9€13k-
Other amounts payable47/48€35k€6k▼
Income statement
Code20232024
Remuneration, social security and pensions62€178k€211k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€18k▲
Other operating charges640/8€2k€9k▲
Gross operating margin9900€224k€231k▲
Operating profit (loss)9901€31k€-6k▼
Financial income75/76B€17€20▲
Recurring financial income75€17€20▲
Financial charges65/66B€1k€721▼
Recurring financial charges65€1k€721▼
Profit (loss) for the period before taxes9903€30k€-7k▼
Income taxes67/77-€10k
Profit (loss) for the period9904€30k€-17k▼
Profit (loss) for the period to be appropriated9905€30k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€47k▼
Profit (loss) brought forward from the previous period14P€34k€64k▲
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
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €48k ▲56%
Operating result €66k, net result €48k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €-19k ▼147%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Antwerpen · 1 establishment unit since 2025
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.
Boomsesteenweg 3862020 AntwerpenGround area
302 m²
Building footprint
164 m²
Volume, LiDAR
1,366 m³
Parcel 11809I2413/00Z014, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Boomsesteenweg 386, 2020 Antwerpen
since 20252.382.443.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2413/00Z014 | Flanders | 302 m² | 1 · 164 m² | 13.6 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
Dual-learning approval
6 endedSimilar companies · same sector, comparable size
WOK 49
BE 0838.162.944
Antwerpen · Eq €77k
BONEL
BE 0828.190.354
Ninove · Eq €77k
Wang Wang
BE 0750.524.929
Wijnegem · Eq €77k
EURO SIM
BE 0700.453.628
Rixensart · Eq €77k
LE JARDINET
BE 0810.356.113
Walcourt · Eq €77k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,789 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-02-2012
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.