Margaretha's
ActiveSummary
The computed 12-month bankruptcy probability of Margaretha's is 9.8% (elevated). The 2024 annual accounts show equity of €349k and a net result of €43k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 2935 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▲+10
Solvency80▼-10
Growth52=
Track record92
Bankruptcy probability, 12 months
9.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days only on tighter terms
Liquidity ample (current ratio 2.9 against 1.47 in 2023; short-term debt: 24.9% and cash: 15.6% of total assets), and 45.2% 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.
+raises risk
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-01-2026, 158 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
158 d late
2023
47 d early
2022
26 d early
2021
31 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, abbreviated schema
Equity
€349k▲ 14.2%
2023 · €306k
2021: €219k
2022: €311k
2023: €306k
2021 → 2024
Total assets
€638k▲ 36.1%
2023 · €468k
2021: €384k
2022: €460k
2023: €468k
2021 → 2024
Net result
€43k
2023 · €-5k
2021: €149k
2022: €157k
2023: €-5k
2021 → 2024
Working capital
€301k▲ 298%
2023 · €76k
2021: €42k
2022: €75k
2023: €76k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€219k-€311k▲ 42.3%€306k▼ 1.7%€349k▲ 14.2%
Operating result€189k-€212k▲ 12.2%€-4k€58k
Net result€149k-€157k▲ 6.0%€-5k€43k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €58k after a loss of €4k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €638k
Fixed assets
€178k ▼ 22.7%
Current assets
€460k ▲ 92.9%
Equity and liabilities €638k
Equity
€349k ▲ 14.2%
Debt
€288k ▲ 77.3%
Debt's share of the balance-sheet total rises from 34.7% to 45.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118k▲
2023 · €51k
Cash flow
€104k▲
2023 · €49k
Current ratio
2.90▲
2023 · 1.47
Quick ratio
2.46▲
2023 · 0.85
Debt to equity
0.83▲
2023 · 0.53
ROE
12.4%▲
2023 · -1.7%
ROA
6.8%▲
2023 · -1.1%
Interest coverage
34.52▲
2023 · 12.33
Debt ≤ 1 year
€159k▼
2023 · €163k
Income taxes
€16k▲
2023 · €417
Staff costs
€465k▼
2023 · €584k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€468k€638k▲
Fixed assets21/28€230k€178k▼
Intangible fixed assets21€8k€3k▼
Tangible fixed assets22/27€210k€163k▼
Plant, machinery and equipment23€54k€32k▼
Furniture and vehicles24€59k€45k▼
Other tangible fixed assets26€97k€86k▼
Financial fixed assets28€12k€12k=
Current assets29/58€238k€460k▲
Stocks and contracts in progress3€99k€69k▼
Stocks30/36€99k€69k▼
Amounts receivable within one year40/41€71k€290k▲
Trade receivables40€38k€5k▼
Other amounts receivable41€33k€286k▲
Current investments50/53€0-
Cash at bank and in hand54/58€66k€100k▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€468k€638k▲
Equity10/15€306k€349k▲
Contributions10/11€5k€5k=
Reserves13€301k€344k▲
Distributable reserves133€301k€344k▲
Amounts payable17/49€163k€288k▲
Amounts payable within one year42/48€163k€159k▼
Trade debts44€109k€492▼
Suppliers440/4€109k€492▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€46k€130k▲
Taxes450/3€2k€80k▲
Remuneration and social security454/9€44k€50k▲
Other amounts payable47/48€7k€27k▲
Accrued charges and deferred income492/3-€130k
Income statement
Code20232024
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€584k€465k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€60k▲
Other operating charges640/8€8k€3k▼
Gross operating margin9900€642k€586k▼
Operating profit (loss)9901€-4k€58k▲
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Non-recurring financial income76B-€557
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-5k€60k▲
Income taxes67/77€417€16k▲
Profit (loss) for the period9904€-5k€43k▲
Profit (loss) for the period to be appropriated9905€-5k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€43k▲
Transfer from equity791/2€5k-
Transfer to equity691/2€0€43k▲
To other reserves6921€0€43k▲
Social balance
Average headcount (FTE)90879.3-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 158 days late
2025
13-06
KBO administration
Address struck
Louizalaan 367 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 14-04-2025
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼103%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €157k ▲6%
Operating result €212k, net result €157k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
SignalFinancial 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, Oudenaarde · 1 establishment unit since 2020
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.
Markt 409700 OudenaardeGround area
563 m²
Building footprint
306 m²
Volume, LiDAR
3,011 m³
Parcel 45035B0898/00F000, Flanders · tallest building 21.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Margaretha's
since 20202.305.222.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035B0898/00F000 ProtectedMonument · Townscape or village viewBoudewijnstoren en Huis van Margaretha van ParmaSource ↗ |
Flanders | 563 m² | 1 · 306 m² | 21.5 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.305.222.420
Dual-learning approval
1 endedHulpkok (so)
Similar companies · same sector, comparable size
Barge restaurant
BE 0632.727.040
Brussel · Eq €349,091
STUDIO MEMPHIS
BE 0807.328.624
Gent · Eq €349,296
SANDHU
BE 0889.732.894
Alken · Eq €349,367
SAN MARCO PRIMO
BE 0457.325.801
Roeselare · Eq €348,709
HARU
BE 0684.948.177
Kortrijk · Eq €349,893
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 7,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.