Equity
LIBATION paid out €50,000 in dividends. That is 90% of the 2024 profit.
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 2 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, small). It does better than 67% of them on solvency, 82% on liquidity, 91% on profitability and 54% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 17,811 companies had the same profile as LIBATION has now. Each dot stands for 45 companies, two years later.
The bankruptcy probability of LIBATION itself is higher: 1.9% within 12 months. It rests on far more data about LIBATION than the profile alone.
The method was tested on the 497,447 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 17,811 companies, not a prediction for LIBATION. 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 1.56 (1.69 in 2023), above the usual 1.5. Short-term debt is 57.7% and cash 80.2% of total assets. However, 57.7% 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 6 accounts on average 81 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 | ||||
|---|---|---|---|---|
| LIBATION Brussels | €251,634 | €493,289 | 42.3% | 16.4 |
| VS&VL Ath | €278,442 | €619,308 | 13.2% | 15.8 |
| DE KOOLPUTTEN Antwerp | €220,431 | €676,891 | -154.2% | 16.4 |
| Caracole Hasselt | €324,261 | €358,354 | 27.1% | 16.4 |
| De Hen Beveren-Kruibeke-Zwijndrecht | €200,329 | €574,714 | -158.4% | 21 |
| VROOM & VROOM Antwerp | €317,855 | €686,099 | 76.9% | 15.2 |
| AVIATIC Ghent | €235,710 | €444,767 | -78.3% | 20.2 |
These companies have the same main activity as LIBATION: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €200,000 and €324,000, founded between 2011 and 2017.
LIBATION has existed since 2015. The present size dates from 2022. The gross margin rose that year from €83,839 to €410,790.
The gross margin has grown every year since. Solvency fell in 2024 from 48.8% to 42.3% because of the dividend.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Higher than 69% of 1,747 companies in 2024.
Higher than 72% of 1,714 companies in 2024.
Higher than 87% of 1,723 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2024, 163 people joined and 162 left.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
251,634 | 206,099 | 194,811 | 45,141 | 102,371 | 102,371 | 85,019 | 57,531 | 61,654 | |
20 |
0 | 0 | 0 | 0 | 59 | 59 | 296 | 533 | 770 | |
21/28 |
25,887 | 27,464 | 11,934 | 14,989 | 21,095 | 21,095 | 24,470 | 31,358 | 39,796 | |
21 |
0 | 0 | 0 | 8,025 | 14,455 | 14,455 | 20,886 | 27,316 | 33,747 | |
22/27 |
24,837 | 26,414 | 10,884 | 5,915 | 5,470 | 5,470 | 3,465 | 3,922 | 5,929 | |
23 |
6,266 | 3,264 | 3,678 | 3,061 | 1,478 | 1,478 | 1,756 | 3,161 | 4,566 | |
24 |
5,482 | 7,724 | 6,476 | 664 | 1,072 | 1,072 | 1,709 | 761 | 1,363 | |
25 |
1,109 | - | - | - | - | - | - | - | - | |
26 |
11,981 | 15,426 | 730 | 2,190 | 2,920 | 2,920 | - | - | - | |
28 |
1,050 | 1,050 | 1,050 | 1,050 | 1,170 | 1,170 | 120 | 120 | 120 | |
29/58 |
225,746 | 178,634 | 182,878 | 30,152 | 81,217 | 81,217 | 60,253 | 25,641 | 21,088 | |
3 |
3,049 | 16,305 | 14,763 | 4,242 | 9,354 | 9,354 | 1,394 | 3,826 | 3,826 | |
30/36 |
3,049 | 16,305 | 14,763 | 4,242 | 9,354 | 9,354 | 1,394 | 3,826 | 3,826 | |
40/41 |
15,234 | 16,294 | 5,804 | 12,029 | 5,084 | 5,084 | 7,220 | 1,689 | 7,223 | |
40 |
15,234 | 16,294 | 5,804 | 3,493 | 5,084 | 5,084 | 7,220 | 1,689 | 7,223 | |
41 |
0 | 0 | 0 | 8,536 | 0 | 0 | 0 | 0 | - | |
54/58 |
201,887 | 145,589 | 161,899 | 13,505 | 66,779 | 66,779 | 51,035 | 19,433 | 9,936 | |
490/1 |
5,576 | 446 | 411 | 375 | 0 | 0 | 604 | 692 | 103 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
251,634 | 206,099 | 194,811 | 45,141 | 102,371 | 102,371 | 85,019 | 57,531 | 61,654 | |
10/15 |
106,471 | 100,633 | 91,348 | 19,020 | 44,438 | 44,438 | 25,171 | -23,850 | -25,705 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
36,152 | 36,152 | 31,152 | 1,292 | 1,292 | 1,292 | 329 | - | - | |
130/1 |
3,152 | 3,152 | 3,152 | 1,292 | 1,292 | - | - | - | - | |
130 |
3,152 | 3,152 | 3,152 | 1,292 | 1,292 | 1,292 | 329 | - | - | |
133 |
33,000 | 33,000 | 28,000 | - | - | - | - | - | - | |
14 |
51,719 | 45,881 | 41,596 | -872 | 24,546 | 24,546 | 6,242 | -42,450 | -44,305 | |
17/49 |
145,163 | 105,466 | 103,464 | 26,121 | 57,934 | 57,934 | 59,848 | 81,382 | 87,359 | |
42/48 |
145,163 | 105,466 | 98,035 | 24,892 | 57,934 | 57,934 | 59,848 | 81,382 | 87,166 | |
44 |
27,059 | 32,833 | 16,951 | 4,573 | 16,157 | 16,157 | 1,720 | 6,607 | 8,293 | |
440/4 |
27,059 | 32,833 | 16,951 | 4,573 | 16,157 | 16,157 | 1,720 | 6,607 | 8,293 | |
45 |
68,104 | 67,626 | 80,991 | 15,250 | 31,224 | 31,224 | 34,560 | 6,203 | 7,444 | |
450/3 |
20,300 | 22,849 | 55,029 | 7,000 | 8,898 | 8,898 | 13,596 | 214 | 5,409 | |
454/9 |
47,805 | 44,777 | 25,962 | 8,250 | 22,326 | 22,326 | 20,963 | 5,989 | 2,035 | |
47/48 |
50,000 | 5,006 | 94 | 5,069 | 10,552 | 10,552 | 23,569 | 68,572 | 71,429 | |
492/3 |
- | 0 | 5,428 | 1,229 | - | - | - | 0 | 193 | |
| Income statement | ||||||||||
70 |
- | 1.0m | 911,073 | 203,707 | 566,587 | 566,587 | 398,714 | 208,517 | 174,389 | |
9900 |
493,289 | 477,329 | 410,790 | 83,839 | 259,190 | 259,190 | 156,512 | 41,445 | -21,854 | |
60/61 |
- | 585,906 | 520,704 | 139,264 | 316,321 | 316,321 | 245,122 | 167,629 | 196,243 | |
62 |
419,462 | 439,892 | 368,187 | 104,718 | 198,656 | 198,656 | 90,866 | 27,691 | 2,503 | |
630 |
8,037 | 6,005 | 4,765 | 8,759 | 9,721 | 9,721 | 8,783 | 8,675 | 15,181 | |
631/4 |
- | - | 777 | - | - | - | - | - | - | |
640/8 |
3,133 | 9,085 | 6,413 | 639 | 1,747 | 1,747 | 1,997 | 1,353 | 3,553 | |
9901 |
62,658 | 22,346 | 30,649 | -30,278 | 49,067 | 49,067 | 54,866 | 3,726 | -43,091 | |
75/76B |
1,910 | 3,528 | 73 | 7,002 | 47 | 47 | 16 | 87 | 44 | |
75 |
1,910 | 3,528 | 73 | 7,002 | 47 | 47 | 16 | 87 | 44 | |
65/66B |
8,313 | 7,582 | 683 | 2,142 | 5,799 | 5,799 | 3,656 | 1,957 | 1,256 | |
65 |
8,313 | 7,582 | 683 | 2,142 | 5,799 | 5,799 | 3,656 | 1,957 | 1,256 | |
9903 |
56,255 | 18,292 | 30,039 | -25,418 | 43,315 | 43,315 | 51,226 | 1,856 | -44,303 | |
67/77 |
417 | 4,007 | 11,173 | - | 8,059 | 8,059 | 2,205 | 0 | 2 | |
9904 |
55,838 | 14,285 | 18,867 | -25,418 | 35,256 | 35,256 | 49,021 | 1,855 | -44,305 | |
9905 |
55,838 | 14,285 | 18,867 | -25,418 | 35,256 | 35,256 | 49,021 | 1,855 | -44,305 | |
| Appropriation of the result | ||||||||||
9906 |
101,719 | 55,881 | 59,596 | -872 | 35,809 | 35,809 | 6,571 | -42,450 | -44,305 | |
14P |
45,881 | 41,596 | 40,729 | 24,546 | - | - | - | - | - | |
691/2 |
- | 5,000 | 18,000 | - | 1,263 | 1,263 | 329 | - | - | |
6920 |
- | - | - | - | 1,263 | 1,263 | 329 | - | - | |
6921 |
- | 5,000 | 18,000 | - | - | - | - | - | - | |
694/7 |
50,000 | 5,000 | - | - | 10,000 | 10,000 | - | - | - | |
694 |
50,000 | - | - | - | - | - | - | - | - | |
695 |
- | 5,000 | - | - | 10,000 | 10,000 | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
16.4 | 25.2 | 26.4 | 5.9 | 6.1 | 6.1 | 4.1 | - | 0.1 | |
Hours worked1013 |
20,070 | 21,762 | 21,217 | 5,188 | 11,925 | 11,925 | 5,108 | - | 165 | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 31-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 31-10-2025 | 2025-00555962 | |
| 31-12-2023 | full format | 18-11-2024 | 2024-00601293 | |
| 31-12-2022 | micro format | 23-10-2023 | 2023-00493662 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20421062 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60100595 | |
| 31-12-2019 | micro format | 17-12-2020 | 2020-76000474 | |
| 31-12-2018 | micro format | 11-03-2019 | 2019-06900195 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67300427 | |
| 31-12-2016 | full format | 25-07-2017 | 2017-34600368 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 70,694 | 28,352 | 35,414 | -21,518 | 58,788 | 58,788 | 63,650 | 12,401 | -27,910 | ||
| 63,875 | 20,290 | 23,631 | -16,659 | 44,977 | 44,977 | 57,805 | 10,530 | -29,124 | ||
| 6,460 | 21,536 | 8,984 | 2,714 | 6,109 | 6,109 | 1,659 | 237 | 54,562 | ||
| 56,297 | -16,310 | 148,394 | -53,274 | 0 | 15,744 | 31,602 | 9,497 | - | ||
| 80,583 | 73,168 | 84,843 | 5,260 | 23,283 | 23,283 | 405 | -55,741 | -66,078 | ||
| - | 2.2% | 3.4% | -14.9% | 8.7% | 8.7% | 13.8% | 1.8% | -24.7% | ||
| 42.3% | 48.8% | 46.9% | 42.1% | 43.4% | 43.4% | 29.6% | -41.5% | -41.7% | ||
| 1.56 | 1.69 | 1.87 | 1.21 | 1.40 | 1.40 | 1.01 | 0.32 | 0.24 | ||
| 1.53 | 1.54 | 1.71 | 1.04 | 1.24 | 1.24 | 0.98 | 0.27 | 0.20 | ||
| 1.36 | 1.05 | 1.13 | 1.37 | 1.30 | 1.30 | 2.38 | - | - | ||
| 52.4% | 14.2% | 20.7% | -133.6% | 79.3% | 79.3% | 194.8% | - | - | ||
| 22.2% | 6.9% | 9.7% | -56.3% | 34.4% | 34.4% | 57.7% | 3.2% | -71.9% | ||
| 8.50 | 3.74 | 51.83 | -10.04 | - | - | - | - | - | ||
| - | 6 days | 2 days | 6 days | 3 days | 3 days | 7 days | 3 days | 15 days | ||
| - | 20 days | 12 days | 12 days | 19 days | 19 days | 3 days | 14 days | 15 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 33 | 32 | 34 | 3 |
| full-time | 5 | 6 | 25 | 2 |
| part-time | 28 | 26 | 9 | 1 |
| in full-time equivalents | 15.1 | 15.8 | 31.4 | 2.3 |
| 16.4 | 25.2 | 26.4 | 4.2 | |
| On a permanent contract | 4 | 4 | 2 | 3 |
| Joined | 163 | 154 | 211 | 67 |
| Left | 162 | 156 | 200 | 69 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €6,460 | €21,536 | €8,984 | €2,714 |
| €8,037 | €6,005 | €4,765 | €8,759 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 180% higher than in 2023 and the highest since 2016. It is a recovery after the fall in 2023.
Debt's share of the balance-sheet total rises from 51.2% to 57.7%. Equity and debt are higher.
LIBATION has no parent and no holdings in its annual accounts. LIBATION shares no director with another company.
| Belgique-Tunisie - Art et Culture - België-Tunesië - Kunst en Kultuur
registered office since 23-05-1981 |
founded in 1981 0421.771.242 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Vlees-en-Broodstraat 3 registered office 1000 Brussels | 22-06-2015 | 2.242.992.168 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21004A0408/00C000 ProtectedArchitectural ensemble · MonumentDen Ezel - uitbreiding van de bescherming tot de totaliteitSource ↗ | 74 m² | 1 · 82 m² | 15.5 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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