Lo & Ja
ActiveThe computed 12-month bankruptcy probability of Lo & Ja is 2.3% (moderate). The annual accounts of Lo & Ja for fiscal year 2024 show a net loss of 71% of the equity at the start of that year. The 2024 annual accounts show equity of €2k and a net result of €-5k. Equity is shrinking by ~23.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 28% of 18942 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▲+5
Solvency26▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.29 against 0.88 in 2023; short-term debt: 31.5% and cash: 22.4% of total assets), and 99.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.7%
Return on assets
-1.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-10-2025, 63 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
63 d late
2023
50 d late
2022
56 d late
2021
31 d late
2020
31 d late
2019
88 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2k▼ 70.6%
2023 · €7k
2018: €16k
2019: €32k
2020: €32k
2021: €25k
2022: €22k
2023: €7k
2018 → 2024
Total assets
€328k▲ 9.0%
2023 · €301k
2018: €183k
2019: €170k
2020: €147k
2021: €335k
2022: €335k
2023: €301k
2018 → 2024
Net result
€-5k▲ 62.7%
2023 · €-14k
2018: €4k
2019: €16k
2020: €-97
2021: €-7k
2022: €-3k
2023: €-14k
2018 → 2024
Working capital
€30k
2023 · €-12k
2018: €-2k
2019: €-14k
2020: €-15k
2021: €-226k
2022: €4k
2023: €-12k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€25k▼ 22.2%€22k▼ 12.2%€7k▼ 65.4%€2k▼ 70.6%
Operating result€17k-€10k▼ 38.8%€17k▲ 67.4%€5k▼ 68.0%€12k▲ 120%
Net result€-97-€-7k▼ 7,142%€-3k▲ 57.2%€-14k▼ 370%€-5k▲ 62.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 120% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €328k
Fixed assets
€195k▼ 7.3%
Current assets
€133k▲ 46.9%
Equity and liabilities €328k
Equity
€2k▼ 70.6%
Debt
€326k▲ 11.1%
The debt ratio rises from 97.5% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€53k▲
2023 · €49k
Cash flow
€36k▲
2023 · €29k
Solvency
0.7%▼
2023 · 2.5%
Current ratio
1.29▲
2023 · 0.88
Quick ratio
1.02▲
2023 · 0.74
ROE
-240.4%▼
2023 · -189.4%
ROA
-1.6%▲
2023 · -4.7%
Interest coverage
2.71▲
2023 · 2.53
Debt
€326k▲
2023 · €293k
Debt ≤ 1 year
€103k▲
2023 · €103k
Debt > 1 year
€222k▲
2023 · €190k
Income taxes
€-2k▼
2023 · €643
Staff costs
€201k▲
2023 · €190k
A ratio outside any meaningful range has been withheld (balance sheet total €328k, equity €2k).
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€301k€328k▲
Fixed assets21/28€210k€195k▼
Intangible fixed assets21€15k€0▼
Tangible fixed assets22/27€195k€194k▼
Land and buildings22€176k€165k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€12k€26k▲
Financial fixed assets28€480€480=
Current assets29/58€91k€133k▲
Stocks and contracts in progress3€15k€28k▲
Stocks30/36€15k€28k▲
Amounts receivable within one year40/41€6k€32k▲
Other amounts receivable41€6k€32k▲
Cash at bank and in hand54/58€70k€73k▲
Equity and liabilities
Total equity and liabilities10/49€301k€328k▲
Equity10/15€7k€2k▼
Contributions10/11€12k€12k=
Reserves13€9k€9k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-14k€-19k▼
Amounts payable17/49€293k€326k▲
Amounts payable after more than one year17€190k€222k▲
Financial debts170/4€190k€222k▲
Amounts payable within one year42/48€103k€103k▲
Current portion of amounts payable after more than one year42€36k€37k▲
Trade debts44€44k€50k▲
Suppliers440/4€44k€50k▲
Taxes, remuneration and social security45€18k€16k▼
Taxes450/3€2k€634▼
Remuneration and social security454/9€16k€15k▼
Other amounts payable47/48€5k€415▼
Income statement
Code20232024
Remuneration, social security and pensions62€190k€201k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€41k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€241k€258k▲
Operating profit (loss)9901€5k€12k▲
Financial income75/76B€310€706▲
Recurring financial income75€310€706▲
Financial charges65/66B€19k€20k▲
Recurring financial charges65€19k€20k▲
Profit (loss) for the period before taxes9903€-14k€-7k▲
Income taxes67/77€643€-2k▼
Profit (loss) for the period9904€-14k€-5k▲
Profit (loss) for the period to be appropriated9905€-14k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-19k▼
Profit (loss) brought forward from the previous period14P-€-14k
Transfer from equity791/2€0-
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Liquidity times 6current ratio 1.05
Current ratio from 0.19 to 1.05; short-term debt falls from €279k to €87k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Highest result since 2018net €16k ▲278%
Operating result €34k, net result €16k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Schilde · 1 establishment unit since 2014
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.
Klein Waterstraat 322970 SchildeGround area
2,698 m²
Building footprint
351 m²
Volume, LiDAR
1,068 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PIZZA HUT
since 20142.235.594.434
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0518/00M000 | Flanders | 2,107 m² | 1 · 200 m² | - |
| 11039D0417/00S002 | Flanders | 591 m² | 1 · 151 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchilde2.235.594.434
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LUTJE & ROB
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Peer · Eq €2k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 3,210 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.