Let’s do Something
ActiveSummary
The computed 12-month bankruptcy probability of Let’s do Something is 10.4% (high). The 2025 annual accounts show negative equity (-€38,283) and a net result of -€20,885. Equity has been shrinking by about 63% per year since 2022. Its solvency ranks better than 16% of 17,001 sector peers (NACE 56, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-05-2022 Normal situation
- Registered office
- 44 active companies are registered at this address 7 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Full-service restaurants NACE 56111
- Joint committee
- 302 Paritair Comité voor het hotelbedrijf · annual accounts 2022
- Establishment unit
- 2.332.537.125 1020 Brussel, since 25-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 20-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 10.4%
Annual accounts 2025
- Gross margin
- -€4,910
- Loss
- €20,885
- Equity
- -€38,283
- ▼ 120%
- Total assets
- €105,449
- ▼ 22.8%
- Negative equity on 31-12-2025
- 2025 accounts filed 81 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Last filed accounts filed 81 days late; 3 of the last 3 accounts lateLiquidity: current ratio 0.11Founded in 2022Show the evidence
Checked score
Score 2025
29
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 6% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2024
Weak
Solvency
0-12
equity -36.3% of total assets
Liquidity
0-4
short-term debt 121.7%
Profitability
0-73
return on assets -19.8%
Bankruptcy probability within 12 months
10.4%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.7%lowest value
01-2025: 9.9%▲ +2.2 percentage points vs 12-2024
02-2025: 9.9%● unchanged vs 01-2025
03-2025: 10.0%▲ +0.1 percentage points vs 02-2025
04-2025: 9.2%▼ -0.8 percentage points vs 03-2025
05-2025: 9.2%● unchanged vs 04-2025
06-2025: 9.1%▼ -0.1 percentage points vs 05-2025
07-2025: 9.1%● unchanged vs 06-2025
08-2025: 10.6%▲ +1.5 percentage points vs 07-2025
09-2025: 11.8%▲ +1.2 percentage points vs 08-2025highest value
10-2025: 11.8%● unchanged vs 09-2025highest value
11-2025: 11.8%● unchanged vs 10-2025highest value
12-2025: 11.8%● unchanged vs 11-2025highest value
01-2026: 11.8%● unchanged vs 12-2025highest value
02-2026: 11.7%▼ -0.1 percentage points vs 01-2026
03-2026: 11.7%● unchanged vs 02-2026
04-2026: 11.7%● unchanged vs 03-2026
05-2026: 11.7%● unchanged vs 04-2026
06-2026: 11.7%● unchanged vs 05-2026
07-2026: 11.7%● unchanged vs 06-2026
08-2026: 11.1%▼ -0.6 percentage points vs 07-2026
09-2026: 11.1%● unchanged vs 08-2026
10-2026: 10.4%▼ -0.7 percentage points vs 09-2026
11-2026: 10.4%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.11 (0.26 in 2024), below 1. Short-term debt is 121.7% 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, 1% on liquidity, 8% on profitability and 6% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
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.
Signals
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€38,283
raises risk · 2025 accounts filed 81 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-10-2026, 81 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
81 days late
2024
410 days late
2023
775 days late
2022
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 324 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 2 April (3 of the last 4 accounts filed within 215 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 81 days after the deadline Filed on 20 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564020.
Annual accounts 2025 filed on 20-10-2026 at the NBB all 4 filings
Equity
-€38,283▼ 120%
2024 · -€17,399
Total assets
€105,449▼ 22.8%
2024 · €136,678
Net result
-€20,885
2024 · €4,157
Working capital
-€113,806▼ 31.0%
2024 · -€86,870
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
-€19,633
2025
20222025
Net result
-€20,885
2025
lowest quarter of the sector
20222025
Equity
-€38,283
▼ 120%
2025
lowest quarter of the sector
20222025
Total assets
€105,449
▼ 22.8%
2025
middle half of the sector
20222025
Debt
€143,732
▼ 6.7%
2025
20222025
Working capital
-€113,806
▼ 31.0%
2025
lowest quarter of the sector
20222025
Solvency
-36.3%
▼ 23.6pp
2025
lowest quarter of the sector
20222025
Current ratio
0.11
▼ 0.15
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
-19.8%
▼ 22.8pp
2025
lowest quarter of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€22,832--€23,413▼ 2.5%€5,605-€19,633
Net result-€23,344below the sector's middle half--€25,212below the sector's middle half▼ 8.0%€4,157within the sector's middle half-€20,885below the sector's middle half
Equity€3,656within the sector's middle half--€21,556below the sector's middle half-€17,399below the sector's middle half▲ 19.3%-€38,283below the sector's middle half▼ 120%
Total assets€197,647within the sector's middle half-€130,534within the sector's middle half▼ 34.0%€136,678within the sector's middle half▲ 4.7%€105,449within the sector's middle half▼ 22.8%
Debt€193,991-€152,090▼ 21.6%€154,076▲ 1.3%€143,732▼ 6.7%
Working capital-€52,700below the sector's middle half--€85,242below the sector's middle half▼ 61.7%-€86,870below the sector's middle half▼ 1.9%-€113,806below the sector's middle half▼ 31.0%
Solvency1.8%within the sector's middle half--16.5%below the sector's middle half▼ 18.4pp-12.7%below the sector's middle half▲ 3.8pp-36.3%below the sector's middle half▼ 23.6pp
Current ratio0.55within the sector's middle half-0.11below the sector's middle half▼ 0.440.26below the sector's middle half▲ 0.150.11below the sector's middle half▼ 0.15
Return on assets (ROA)-11.8%below the sector's middle half--19.3%below the sector's middle half▼ 7.5pp3.0%within the sector's middle half▲ 22.4pp-19.8%below the sector's middle half▼ 22.8pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €19,633, after a profit of €5,605 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,449
Fixed assets
€90,902 ▼ 13.8%
Current assets
€14,547 ▼ 53.5%
Equity and liabilities
Equity-€38,283
Debt€143,732
Equity is negative. Debt (€143,732) exceeds the balance-sheet total (€105,449).
Key figures and ratios
EBITDA
-€5,123▼
2024 · €19,978
Cash flow
-€6,374▼
2024 · €18,529
Interest coverage
-4.08▼
2024 · 13.79
Debt ≤ 1 year
€128,353▲
2024 · €118,136
Debt > 1 year
€15,379▼
2024 · €35,940
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €128,341 | €1,926 | - | - |
| Financial fixed assets | €7,279 | - | - | - |
| Depreciation and write-downs of the year | €3,403 | €14,359 | €14,372 | €14,510 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €251 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,403 | €14,359 | €14,372 | €14,510 | ▲ 1.0% |
| Other operating charges640/8 | €348 | €752 | €387 | - | - |
| Non-recurring operating charges66A | - | - | €492 | €213 | ▼ 56.7% |
| Gross operating margin9900 | -€19,081 | -€8,302 | €21,108 | -€4,910 | - |
| Operating profit (loss)9901 | -€22,832 | -€23,413 | €5,605 | -€19,633 | - |
| Financial income75/76B | - | - | - | €3 | - |
| Recurring financial income75 | - | - | - | €3 | - |
| Financial charges65/66B | €512 | €1,799 | €1,448 | €1,255 | ▼ 13.4% |
| Recurring financial charges65 | €512 | €1,799 | €1,448 | €1,255 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | -€23,344 | -€25,212 | €4,157 | -€20,885 | - |
| Profit (loss) for the period9904 | -€23,344 | -€25,212 | €4,157 | -€20,885 | - |
| Profit (loss) for the period to be appropriated9905 | -€23,344 | -€25,212 | €4,157 | -€20,885 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €197,647 | €130,534 | €136,678 | €105,449 | ▼ 22.8% |
| Fixed assets21/28 | €132,217 | €119,784 | €105,412 | €90,902 | ▼ 13.8% |
| Tangible fixed assets22/27 | €124,938 | €112,505 | €98,133 | €83,622 | ▼ 14.8% |
| Plant, machinery and equipment23 | €107,515 | €96,335 | €85,156 | €73,856 | ▼ 13.3% |
| Furniture and vehicles24 | €17,423 | €16,170 | €12,977 | €9,766 | ▼ 24.7% |
| Financial fixed assets28 | €7,279 | €7,279 | €7,279 | €7,279 | = |
| Current assets29/58 | €65,430 | €10,750 | €31,265 | €14,547 | ▼ 53.5% |
| Amounts receivable within one year40/41 | €53,707 | €7,087 | €31,265 | €14,400 | ▼ 53.9% |
| Trade receivables40 | €31,219 | €650 | €24,829 | €9,225 | ▼ 62.8% |
| Other amounts receivable41 | €22,488 | €6,437 | €6,437 | €5,175 | ▼ 19.6% |
| Cash at bank and in hand54/58 | €11,723 | €3,662 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €147 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €197,647 | €130,534 | €136,678 | €105,449 | ▼ 22.8% |
| Equity10/15 | €3,656 | -€21,556 | -€17,399 | -€38,283 | ▼ 120% |
| Contributions10/11 | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Profit (loss) carried forward14 | -€23,344 | -€48,556 | -€44,399 | -€65,283 | ▼ 47.0% |
| Amounts payable17/49 | €193,991 | €152,090 | €154,076 | €143,732 | ▼ 6.7% |
| Amounts payable after more than one year17 | €75,861 | €56,098 | €35,940 | €15,379 | ▼ 57.2% |
| Financial debts170/4 | €75,861 | €56,098 | €35,940 | €15,379 | ▼ 57.2% |
| Amounts payable within one year42/48 | €118,130 | €95,992 | €118,136 | €128,353 | ▲ 8.6% |
| Current portion of amounts payable after more than one year42 | €19,277 | €19,763 | €20,158 | €20,561 | ▲ 2.0% |
| Financial debts43 | - | - | €8 | - | - |
| Credit institutions430/8 | - | - | €8 | - | - |
| Trade debts44 | €38,934 | €12,105 | €22,026 | €22,925 | ▲ 4.1% |
| Suppliers440/4 | €38,934 | €12,105 | €22,026 | €22,925 | ▲ 4.1% |
| Taxes, remuneration and social security45 | - | - | €5,007 | €4,489 | ▼ 10.3% |
| Taxes450/3 | - | - | €5,007 | €4,489 | ▼ 10.3% |
| Other amounts payable47/48 | €59,920 | €64,124 | €70,936 | €80,377 | ▲ 13.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,344 | -€25,212 | €4,157 | -€20,885 | - |
| + Depreciation and write-downs630 | €3,403 | €14,359 | €14,372 | €14,510 | ▲ 1.0% |
| Operating cash flow (approximation) | -€19,941 | -€10,853 | €18,529 | -€6,374 | - |
| Investment in fixed assets (approximation) | - | -€1,926 | €0 | €0 | - |
| Change in cash | - | -€8,061 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as Let’s do Something has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
84.8%
was still going
5.6%
stopped otherwise
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Let’s do Something itself: 10.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for Let’s do Something. 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.
Board & ownership
Directors
Directors
1 director, no change since 2023
Current
Owners and capital
Shareholders
At incorporation
act of 30-05-2022 ↗
- BAUDAUX Maxime 30 shares (33.3%)
- LIMPENS Jean-Thomas Pierre 30 shares (33.3%)
- NGABO Maurice 30 shares (33.3%)
Capital transactions
Capital over time
- 30-05-2022 Incorporation · €27,000 · 90 shares
Mandate history
4 people, 1 in office
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| NGABO Maurice |
|
| Jean-Thomas Límpens |
|
| Maxime Baudaux |
|
| LIMPENS Jean-Thomas Pierre |
|
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “90, droit égal dans la répartition des bénéfices et des produits de la liquidation quelle que soit la catégorie”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, choisi de commun accord ou président du tribunal de l’entreprise comme en…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “22, décision assemblée générale délibérant formes prévues modifications aux statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “23, administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre liquidateur désigné”
Articles of association, deed of 30-05-2022 (in French)
Network & group
Companies at the same address
43 other companies- R!OT Brewery Establishment · since 2026 1043587861
- Brussels Urban Fermentory Registered office · since 2026 1042027349
- Darya Silchenko Registered office · since 2026 1041625887
- DUNO Registered office · since 2026 1037800822
- Matkovic-Ramirez, Paulette (sole trader) Establishment · since 2026 0562864274
- Bousbaa, Marwane (sole trader) Establishment · since 2026 1031617962
- COOPAINS BROOD Establishment · since 2025 1031202149
- Productions Associées Establishment · since 2025 0896755397
- Khati, Pooja (sole trader) Establishment · since 2025 1025990477
- SAVAGE BEER CLUB Registered office · since 2025 1025573179
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ALPHA151
Shared director
→
JEUNES SCHAERBEEKOIS AU TRAVAIL
Shared director
→
SCHAERBEEK ACTION EMPLOI
Shared director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
2024
31-12
Financial
Back to profitnet €4,157
The net result is €4,157, after 2 loss-making years.
04-04
Gazette deed
Resignations: Maxime Baudaux (director) and Jean-Thomas Límpens (director)Director discharge5 points ▸
Gazette deed
Resignations: Maxime Baudaux (director) and Jean-Thomas Límpens (director)
Director discharge5 points ▸
- General meeting, 19-12-2023
- Director resignation, Maxime Baudaux (director)
- Director resignation, Jean-Thomas Límpens (director)
- Director discharge, Maxime Baudaux
- Director discharge, Jean-Thomas Límpens
2023
31-12
Financial
Weakest financial yearnet -€25,212
The net result drops to -€25,212, the lowest from 2022 to 2025. It recovers the following year.
31-08
micro format · 31 days late
2022
30-05
Gazette deed
IncorporationStarting capital €27,000 · Appointments: BAUDAUX Maxime, LIMPENS Jean-Thomas Pierre and NGABO Maurice · Founder · Bank account17 points ▸
Gazette deed
Incorporation
Starting capital €27,000 · Appointments: BAUDAUX Maxime, LIMPENS Jean-Thomas Pierre and NGABO Maurice · Founder · Bank account17 points ▸
- Incorporation, 24-05-2022
- Founder, BAUDAUX Maxime
- Founder, LIMPENS Jean-Thomas Pierre
- Founder, NGABO Maurice
- Other provision, 23-05-2022
- Other provision, “capitaux propres de départ manifestement insuffisants pour mener l’activité projetée, responsabilité des fondateurs” (deed in French)
- Bank account, 27000, “compte spécial ouvert au nom de la société en formation” (deed in French)
- Other provision, “attestation du dépôt, dispositions du Code des sociétés et des associations” (deed in French)
- Founding capital, €27,000
- Other provision, “dispositions finales et transitoires, prises à unanimité par comparants” (deed in French)
- Registered office clause, “1020 Bruxelles,rue Dieudonné Lefèvre 4, à dater du dépôt” (deed in French)
- Board rule, 3, “à dater du dépôt” (deed in French)
- The act holds 5 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Let’s do Something in French
Abbreviation
LDSo in French
Enterprise number
0786.563.595
Legal form
Private limited company
Status
Active, normale toestand
Founded
25-05-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-05-2022 (in French)Name clauseThe company operates under this name according to its articles.
Let’s do Something
deed of 30-05-2022 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique…”
deed of 30-05-2022 (in French)Registered office and establishments
Registered office
Dieudonné Lefèvrestraat 4, 1020 Brussel, Belgium
Establishment unit
Bombance, Dieudonné Lefèvrestraat 4, 1020 Brussel since 25-05-2022 · unit number 2.332.537.125
Activities
NACEBEL 202556111
Full-service restaurants main activity
Codes under NACEBEL 2008
56101
Full-service restaurants main activity
Joint committee
302 Paritair Comité voor het hotelbedrijf annual accounts 2022
Invoicing and payment
VAT number
BE 0786.563.595
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June
deed of 30-05-2022 (in French)Recognitions · licences · registrations
Food safety, FASFC
1 siteBrusselunit number 2.332.537.125
Sites & property
Location
Buildings and parcels at the address
Ground area
6,263 m²
Building footprint
6,238 m²
Building volume
59,145 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21815D0310/00F000 | Brussels | 6,263 m² | 1 · 6,238 m² | 19.7 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.