Parent and group
- Priam Capital100%
LEFSAB
ActiveSummary
The computed 12-month bankruptcy probability of LEFSAB is 3.8% (moderate). The 2025 annual accounts show negative equity (-€253,963) and a net result of -€39,862. Equity has been shrinking by about 38% per year since 2018. Its solvency ranks better than 7% of 954 sector peers (NACE 56, financial year 2025). The company has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 24-06-1997 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment units
- 2.082.575.350 1050 Elsene, since 09-07-1997
- 2.170.284.631 1410 Waterloo, since 25-01-2007and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 29-10-2025
Board and ownership
Board
- Belgian Restauration SRLDirector
- Eurorest Belgium SADirector
Shareholders
- EUROREST BELGIUM99.98%· score 882025 annual accounts of EUROREST BELGIUM
- BELGIAN RESTAURATION0.01%· score 8530-06-2025 annual accounts of BELGIAN RESTAURATION
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.8%
Annual accounts 2025
- Gross margin
- -€9,599
- ▲ 32.5%
- Loss
- €39,862
- Equity
- -€253,963
- ▼ 18.6%
- Total assets
- €138,597
- ▼ 51.8%
- Negative equity on 31-12-2025
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Loss of €39,862 (financial year 2025)Negative equity -€253,963lowers riskSize: total assets €138,597Show the evidence
Checked score
Score 2025
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 12% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency
0=
equity -183.2% of total assets
Liquidity
4+1
short-term debt 283.2% · cash 3.5%
Profitability
0-82
return on assets -28.8%
Bankruptcy probability within 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 11.2%highest value
01-2025: 11.2%● unchanged vs 12-2024highest value
02-2025: 11.2%● unchanged vs 01-2025highest value
03-2025: 10.8%▼ -0.4 percentage points vs 02-2025
04-2025: 10.8%● unchanged vs 03-2025
05-2025: 10.3%▼ -0.5 percentage points vs 04-2025
06-2025: 10.1%▼ -0.2 percentage points vs 05-2025
07-2025: 2.3%▼ -7.8 percentage points vs 06-2025
08-2025: 2.2%▼ -0.1 percentage points vs 07-2025
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 2.2%● unchanged vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.1%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.0%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 2.2%▲ +0.2 percentage points vs 06-2026
08-2026: 3.8%▲ +1.6 percentage points vs 07-2026
09-2026: 3.8%● unchanged vs 08-2026
10-2026: 3.8%● unchanged vs 09-2026
11-2026: 3.8%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.35 (0.57 in 2024), below 1. Short-term debt is 283.2% and cash 3.5% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 5% on liquidity, 8% on profitability and 26% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€253,963
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
43 days early
2023
70 days late
2022
120 days late
2021
75 days late
2020
31 days late
2019
254 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 72 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 October (4 of the last 5 accounts filed within 74 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Incorporation
Companies linked to LEFSAB
Comparable companies
These companies have the same main activity as LEFSAB: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €66,200 and €298,000, founded between 1983 and 2009.
| Company | Total assets | Gross margin |
|---|---|---|
| LEFSAB Elsene | €138,597 | -€9,599 |
| Hof ten Broeck Puurs-Sint-Amands | €178,531 | -€2,342 |
| I.E.S.-DISTRIBUTION Lasne | €297,610 | -€2,354 |
| SINT JAMES Middelkerke | €95,791 | -€6,545 |
| 'T STASJON As | €66,166 | -€163,830 |
| OMALIA Elsene | €100,842 | -€2,421 |
| PIZZA, PASTA E VINO DA PEPE Watermaal-Bosvoorde | €109,779 | €184 |
Key facts about LEFSAB
- What is the company number of LEFSAB?
- The company number of LEFSAB is 0460.917.670. The VAT number is the same number with BE in front: BE 0460.917.670.
- Where is LEFSAB based?
- The registered office is at Gulden-Vlieslaan 2, 1050 Elsene.Company details
- What does LEFSAB do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of LEFSAB?
- The legal form of LEFSAB is Public limited company (NV).
- When was LEFSAB founded?
- LEFSAB was founded on 24-06-1997.
- Is LEFSAB still active?
- Yes, LEFSAB is an active enterprise in the KBO register.
- How many employees does LEFSAB have?
- LEFSAB had an average of 12 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of LEFSAB?
- The annual accounts for financial year 2025 state no turnover.
- Is LEFSAB profitable?
- In financial year 2025, LEFSAB made a loss of €39,862.
- Where can I find the annual accounts of LEFSAB?
- LEFSAB filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LEFSAB due?
- LEFSAB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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