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LORINE

Active
Private limited companyfounded 20242 yrs activeAvenue de la Résistance 271, 4630 Soumagne, BelgiumKBO/BCE: BE 1004.098.468
Summary

The computed 12-month bankruptcy probability of LORINE is 6.8% (elevated). The 2024 annual accounts show equity of €13,026 and a net result of €3,026. Its solvency ranks better than 78% of 18930 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes
Profitability74
Solvency88
Growth-
Track record67
Bankruptcy probability, 12 months
6.8% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.69; short-term debt: 37.2% and cash: 83.9% of total assets), and 37.2% of the assets are financed with debt.
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Signals

Six 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2024
Solvency, return and age of the figures
Solvency
62.8%
Return on assets
14.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 1 filing
Deviation from the deadline
2024
1 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 1 day after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 January 2024, LORINE was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Turnover
€224,803
EBIT margin
1.8%
Net result
€3,026
Working capital
€13,026

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €20,744
Equity €13,026
Debt €7,718
Debt finances 37.2% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
2.69
Quick ratio
2.34
Debt to equity
0.59
ROE
23.2%
ROA
14.6%
Debt ≤ 1 year
€7,718
Income taxes
€757
Staff costs
€11,673

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 6.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€20,744
Current assets29/58€20,744
Stocks and contracts in progress3€2,700
Stocks30/36€2,700
Amounts receivable within one year40/41€635
Trade receivables40€163
Other amounts receivable41€473
Cash at bank and in hand54/58€17,409
Equity and liabilities
Total equity and liabilities10/49€20,744
Equity10/15€13,026
Contributions10/11€10,000
Profit (loss) carried forward14€3,026
Amounts payable17/49€7,718
Amounts payable within one year42/48€7,718
Trade debts44€426
Suppliers440/4€426
Taxes, remuneration and social security45€7,285
Taxes450/3€756
Remuneration and social security454/9€6,529
Other amounts payable47/48€7
Income statement Code2024
Turnover70€224,803
Goods, raw materials, services and sundry goods60/61€216,338
Remuneration, social security and pensions62€11,673
Other operating charges640/8€145
Gross operating margin9900€15,839
Operating profit (loss)9901€4,021
Financial income75/76B€4
Recurring financial income75€4
Financial charges65/66B€243
Recurring financial charges65€243
Profit (loss) for the period before taxes9903€3,783
Income taxes67/77€757
Profit (loss) for the period9904€3,026
Profit (loss) for the period to be appropriated9905€3,026
Appropriation of the result
Profit (loss) to be appropriated9906€3,026

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Turnover70€224,803
Goods, raw materials, services and sundry goods60/61€216,338
Remuneration, social security and pensions62€11,673
Other operating charges640/8€145
Gross operating margin9900€15,839
Operating profit (loss)9901€4,021
Financial income75/76B€4
Recurring financial income75€4
Financial charges65/66B€243
Recurring financial charges65€243
Profit (loss) for the period before taxes9903€3,783
Income taxes67/77€757
Profit (loss) for the period9904€3,026
Profit (loss) for the period to be appropriated9905€3,026
Line2024
Assets
Total assets20/58€20,744
Current assets29/58€20,744
Stocks and contracts in progress3€2,700
Stocks30/36€2,700
Amounts receivable within one year40/41€635
Trade receivables40€163
Other amounts receivable41€473
Cash at bank and in hand54/58€17,409
Equity and liabilities
Total equity and liabilities10/49€20,744
Equity10/15€13,026
Contributions10/11€10,000
Profit (loss) carried forward14€3,026
Amounts payable17/49€7,718
Amounts payable within one year42/48€7,718
Trade debts44€426
Suppliers440/4€426
Taxes, remuneration and social security45€7,285
Taxes450/3€756
Remuneration and social security454/9€6,529
Other amounts payable47/48€7
Line2024
Profit (loss) for the period9904€3,026
Operating cash flow (approximation)€3,026

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Soumagne · 2 establishment units since 2024
seat establishment All 2 establishment units on the map
Ground area
247 m²
Building footprint
127 m²
Volume, LiDAR
1,170 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
Mezopotamya
Avenue de la Résistance 271, 4630 SoumagneLimited-service restaurants
since 20242.353.926.021
Pita Izmir
Avenue de la Résistance 297, 4630 SoumagneLimited-service restaurants, excluding mobile food services
since 20262.387.191.873
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62099A0043/00Z004 Wallonia 154 m² 1 · 67 m² 10.6 m · 3 fl.
62099A0041/00P002 Wallonia 93 m² 1 · 60 m² 10.1 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

2 sites
Soumagne2.353.926.021
2 permissions
Toelating · Pita-house, pita-bar · since 30-01-2024
Drankgelegenheid · since 11-01-2024
Soumagne2.387.191.873
1 permission
Toelating · Pita-house, pita-bar · since 09-04-2026

Similar companies · same sector, comparable size

Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 7,482 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded02-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1004098468
Also 9925:BE1004098468
Registered 28-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.