LICENO
ActiveThe computed 12-month bankruptcy probability of LICENO is 1.7% (moderate). The 2024 annual accounts show equity of €189k and a net result of €138k. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 2935 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+6
Solvency45▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.85 against 1.01 in 2023; short-term debt: 36.6% and cash: 27.2% of total assets), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
41 d early
2022
13 d early
2021
47 d early
2020
30 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€189k▲ 10.3%
2023 · €171k
2018: €242k
2019: €221k
2020: €178k
2021: €113k
2022: €192k
2023: €171k
2018 → 2024
Total assets
€960k▼ 4.2%
2023 · €1.00M
2018: €799k
2019: €883k
2020: €811k
2021: €643k
2022: €698k
2023: €1.00M
2018 → 2024
Net result
€138k▲ 38.5%
2023 · €99k
2018: €87k
2019: €21k
2020: €7k
2021: €136k
2022: €103k
2023: €99k
2018 → 2024
Working capital
€-51k
2023 · €4k
2018: €58k
2019: €115k
2020: €85k
2021: €38k
2022: €91k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€178k-€113k▼ 36.2%€192k▲ 69.0%€171k▼ 10.8%€189k▲ 10.3%
Operating result€14k-€172k▲ 1,105%€138k▼ 19.9%€132k▼ 4.2%€195k▲ 47.5%
Net result€7k-€136k▲ 1,838%€103k▼ 23.8%€99k▼ 3.8%€138k▲ 38.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 48% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €960k
Fixed assets
€660k▲ 3.7%
Current assets
€300k▼ 18.1%
Equity and liabilities €960k
Equity
€189k▲ 10.3%
Debt
€771k▼ 7.2%
The debt ratio falls from 82.9% to 80.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€322k▲
2023 · €222k
Cash flow
€265k▲
2023 · €189k
Solvency
19.7%▲
2023 · 17.1%
Current ratio
0.85▼
2023 · 1.01
Quick ratio
0.79▼
2023 · 0.97
Debt / equity
4.09▼
2023 · 4.86
ROE
73.0%▲
2023 · 58.1%
ROA
14.3%▲
2023 · 9.9%
Interest coverage
15.85▼
2023 · 21.57
Debt
€771k▼
2023 · €831k
Debt ≤ 1 year
€351k▼
2023 · €361k
Debt > 1 year
€418k▼
2023 · €469k
Income taxes
€37k▲
2023 · €23k
Staff costs
€-3k▼
2023 · €32k
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€1.00M€960k▼
Fixed assets21/28€636k€660k▲
Tangible fixed assets22/27€636k€660k▲
Land and buildings22€192k€167k▼
Plant, machinery and equipment23€345k€417k▲
Furniture and vehicles24€99k€76k▼
Current assets29/58€366k€300k▼
Stocks and contracts in progress3€14k€23k▲
Stocks30/36€14k€23k▲
Amounts receivable within one year40/41€8k€13k▲
Trade receivables40€67€165▲
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€340k€261k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€960k▼
Equity10/15€171k€189k▲
Contributions10/11€19k€19k=
Reserves13€152k€170k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€152k€170k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€831k€771k▼
Amounts payable after more than one year17€469k€418k▼
Financial debts170/4€469k€418k▼
Amounts payable within one year42/48€361k€351k▼
Current portion of amounts payable after more than one year42€66k€83k▲
Trade debts44€145k€69k▼
Suppliers440/4€145k€69k▼
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€10k€6k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€139k€193k▲
Accrued charges and deferred income492/3€695€2k▲
Income statement
Code20232024
Non-recurring operating income76A-€450
Remuneration, social security and pensions62€32k€-3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€127k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€261k€323k▲
Operating profit (loss)9901€132k€195k▲
Financial income75/76B€509€0▼
Recurring financial income75€509€0▼
Financial charges65/66B€10k€20k▲
Recurring financial charges65€10k€20k▲
Profit (loss) for the period before taxes9903€122k€175k▲
Income taxes67/77€23k€37k▲
Profit (loss) for the period9904€99k€138k▲
Profit (loss) for the period to be appropriated9905€99k€138k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€138k▲
Transfer from equity791/2€21k€0▼
Transfer to equity691/2€0€18k▲
To other reserves6921€0€18k▲
Profit to be distributed694/7€120k€120k=
Return on contributions (dividend)694€120k€120k=
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €138k ▲38.5%
Operating result €195k, net result €138k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €192k ▲69%
5 profitable years in a row build equity to €192k.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €7k ▼66.6%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Deinze · 1 establishment unit since 2015
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.
Oude Heirbaan 729800 DeinzeGround area
2,657 m²
Building footprint
246 m²
Volume, LiDAR
1,292 m³
Parcel 44026A0546/00M000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brasserie - Restaurant De Mandel
since 20152.243.996.515
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44026A0546/00M000 | Flanders | 2,657 m² | 1 · 246 m² | 9.5 m · 2 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
Food safety, FASFC
1 siteDeinze2.243.996.515
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 8,663 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.