NO-LIMITS
ActiveSummary
The computed 12-month bankruptcy probability of NO-LIMITS is 2.4% (moderate). The 2024 annual accounts show negative equity (€-124k) and a net result of €3k. Equity is shrinking by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 18936 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
Axes · tick = 2023
Profitability58▼-3
Solvency0=
Growth55▲+23
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.37 in 2023; short-term debt: 112.8% and cash: 1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-55.8%
Return on assets
1.5%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 14%
← weakest
strongest →
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 31-10-2025, 92 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
55 d late
2022
56 d late
2021
53 d late
2020
24 d late
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Turnover
€355k▲ 20.8%
2023 · €294k
EBIT margin
3.0%▲ 3.0pp
2023 · 0.0%
Net result
€3k
2023 · €-1k
Working capital
€-147k▲ 0.1%
2023 · €-147k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€294k€355k▲ 20.8%
Operating result€-61k€-48k▲ 21.2%€-20k▲ 57.4%€-121▲ 99.4%€11k
Net result€-67k€-54k▲ 19.4%€-28k▲ 48.4%€-1k▲ 95.2%€3k
EBIT margin0.0%3.0%▲ 3.0pp
Equity€-44k€-98k▼ 122%€-126k▼ 28.4%€-127k▼ 1.1%€-124k▲ 2.6%
Total assets€195k▲ 140%€187k▼ 4.3%€158k▼ 15.6%€225k▲ 42.8%€222k▼ 1.5%
Debt€239k▲ 308%€285k▲ 19.0%€283k▼ 0.5%€352k▲ 24.3%€345k▼ 1.9%
Working capital€-137k€-147k€-147k▲ 0.1%
Staff (FTE)1.73.4▲ 100%1▼ 70.6%1=
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 returns to profit in 2024: €11k after a loss of €121 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€118k ▼ 15.7%
Current assets
€103k ▲ 22.1%
Key figures and ratios
EBITDA
€33k▲
2023 · €20k
Cash flow
€25k▲
2023 · €19k
Solvency
-55.8%▲
2023 · -56.5%
Current ratio
0.41▲
2023 · 0.37
Debt to equity
-2.79▼
2023 · -2.77
ROA
1.5%▲
2023 · -0.6%
Interest coverage
4.49▼
2023 · 16.52
Debt ≤ 1 year
€250k▲
2023 · €232k
Debt > 1 year
€94k▼
2023 · €119k
Staff costs
€84k▼
2023 · €94k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €294k | €355k | ▲ 20.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €180k | €238k | ▲ 32.2% |
| Remuneration, social security and pensions62 | - | €25k | €84k | €94k | €84k | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €20k | €20k | €20k | €22k | ▲ 8.6% |
| Other operating charges640/8 | - | €3k | €1k | €1k | €184 | ▼ 81.7% |
| Gross operating margin9900 | €-3k | €-1k | €86k | €115k | €117k | ▲ 2.1% |
| Operating profit (loss)9901 | €-61k | €-48k | €-20k | €-121 | €11k | ▲ 8,832% |
| Financial income75/76B | - | €1 | €66 | €6 | €0 | ▼ 98.9% |
| Recurring financial income75 | €199 | €1 | €66 | €6 | €0 | ▼ 98.9% |
| Financial charges65/66B | - | €6k | €7k | €1k | €7k | ▲ 495% |
| Recurring financial charges65 | €6k | €6k | €7k | €1k | €7k | ▲ 495% |
| Profit (loss) for the period before taxes9903 | €-67k | €-54k | €-28k | €-1k | €3k | ▲ 348% |
| Profit (loss) for the period9904 | €-67k | €-54k | €-28k | €-1k | €3k | ▲ 348% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €-54k | €-28k | €-1k | €3k | ▲ 348% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195k | €187k | €158k | €225k | €222k | ▼ 1.5% |
| Fixed assets21/28 | €195k | €176k | €158k | €140k | €118k | ▼ 15.7% |
| Tangible fixed assets22/27 | €192k | €172k | €155k | €137k | €116k | ▼ 16.0% |
| Land and buildings22 | - | €139k | €131k | €122k | €114k | ▼ 6.9% |
| Plant, machinery and equipment23 | - | €3k | €3k | €5k | €769 | ▼ 84.7% |
| Furniture and vehicles24 | - | - | €1k | €1k | €741 | ▼ 30.5% |
| Other tangible fixed assets26 | - | €29k | €19k | €9k | - | - |
| Financial fixed assets28 | €4k | €4k | €3k | €3k | €3k | = |
| Current assets29/58 | - | €11k | - | €85k | €103k | ▲ 22.1% |
| Amounts receivable within one year40/41 | - | €3k | - | €64k | €101k | ▲ 57.6% |
| Trade receivables40 | - | €3k | - | €64k | €101k | ▲ 57.6% |
| Cash at bank and in hand54/58 | - | €8k | - | €20k | €2k | ▼ 89.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195k | €187k | €158k | €225k | €222k | ▼ 1.5% |
| Equity10/15 | €-44k | €-98k | €-126k | €-127k | €-124k | ▲ 2.6% |
| Contributions10/11 | - | €25k | €25k | €25k | €25k | = |
| Outside capital11 | - | - | - | €25k | €25k | = |
| Other1109/19 | - | - | - | €25k | €25k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-72k | €-125k | €-153k | €-155k | €-151k | ▲ 2.1% |
| Amounts payable17/49 | €239k | €285k | €283k | €352k | €345k | ▼ 1.9% |
| Amounts payable after more than one year17 | €116k | €135k | €119k | €119k | €94k | ▼ 21.0% |
| Financial debts170/4 | - | €135k | €119k | €119k | €94k | ▼ 21.0% |
| Amounts payable within one year42/48 | €122k | €148k | €163k | €232k | €250k | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | - | €16k | €16k | - | €685 | - |
| Financial debts43 | - | - | €386 | - | - | - |
| Credit institutions430/8 | - | - | €386 | - | - | - |
| Trade debts44 | €34k | €23k | €38k | €81k | €103k | ▲ 27.8% |
| Suppliers440/4 | - | €23k | €38k | €81k | €103k | ▲ 27.8% |
| Taxes, remuneration and social security45 | - | €12k | €2k | €35k | €51k | ▲ 47.2% |
| Taxes450/3 | - | €12k | €1k | €7k | €18k | ▲ 160% |
| Remuneration and social security454/9 | - | - | €918 | €28k | €33k | ▲ 18.6% |
| Other amounts payable47/48 | - | €97k | €106k | €116k | €96k | ▼ 17.9% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €1k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €-54k | €-28k | €-1k | €3k | ▲ 348% |
| + Depreciation and write-downs630 | €19k | €20k | €20k | €20k | €22k | ▲ 8.6% |
| Operating cash flow (approximation) | €-48k | €-34k | €-8k | €19k | €25k | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-3k | €0 | ▲ 100% |
| Change in cash | - | - | - | - | €-18k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 4 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 1 establishment unit since 2014
Ground area
329 m²
Building footprint
148 m²
Volume, LiDAR
1,036 m³
Parcel 23094D0325/00B002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
No-Limits
since 20142.236.763.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0325/00B002 | Flanders | 329 m² | 1 · 148 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteZaventem2.236.763.580
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,889. 4,028 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 (pre-2019)
Founded23-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.