Equity
LEGEND ONE has made a profit without a break since 2021.
LEGEND ONE has made a profit without a break since 2021.
The micro format states no turnover.
In 2025, 21 people joined and 16 left.
Short-term debts fell from €112,630 to €107,838.
The 2018 accounts came latest: 176 days after the end of the period.
More equity than 88% of companies in food and beverage service. Sector median €28,639 · 17,193 companies.
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 74% of them on solvency, 66% on liquidity, 75% on profitability and 75% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 6,782 companies had the same profile as LEGEND ONE has now. Each dot stands for 17 companies, two years later.
The bankruptcy probability of LEGEND ONE itself is higher: 1.4% within 12 months. It rests on far more data about LEGEND ONE than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for LEGEND ONE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.99 (1.39 in 2024), above the usual 1.5. Short-term debt is 34.7% and cash 21.7% of total assets. 43% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 17 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.
| Company | ||||
|---|---|---|---|---|
| LEGEND ONE Anderlecht | €310,518 | €472,532 | 57.0% | - |
| AU P'TIT BELGE Brussels | €304,313 | €373,743 | 46.2% | - |
| Pauwels Midi Ghent | €337,339 | €455,103 | -10.5% | - |
| BRASSERIE AU POINT DE VUE Liège | €327,447 | €539,757 | 11.6% | 11.4 |
| Loos-B Bornem | €269,740 | €454,953 | -5.8% | - |
| Como 17 Ghent | €288,794 | €476,989 | 54.6% | - |
| SO SAGA Liège | €342,926 | €411,165 | 20.0% | 10.5 |
These companies have the same main activity as LEGEND ONE: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €270,000 and €343,000, founded between 2016 and 2018.
LEGEND ONE files the micro format. That format states no turnover. The gross margin rose from -€1,683 in 2017 to €472,532 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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