Northend
Judicial reorganisationSummary
The file of Northend contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. The KBO register records for Northend the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show negative equity (-€477,514) and a net result of -€306,271. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 18930 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Opened
- 26 November 2025
- Track
- Reorganisation by collective agreement
- Docket number
- 20250150
- Moratorium until
- 15 July 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Paul Vanderhoeven
- Official Gazette
- 27-02-2026 (pdf) ↗search the document for 2026/106471
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help. Full guide for creditors
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Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-70
Solvency0=
Growth32=
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.22 against 0.75 in 2023; short-term debt: 243.4% and cash: 5.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€477,514
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
149 d late
2022
60 d late
2021
85 d late
2020
107 d late
2019
265 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 123 days 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)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€477,514▼ 179%
2023 · -€171,243
Total assets
€266,808▼ 26.4%
2023 · €362,726
Net result
-€306,271
2023 · €14,667
Working capital
-€509,249▼ 398%
2023 · -€102,271
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
Operating result€7,013▼ 93.3%-€7,063-€151,921▼ 2,051%€22,574-€281,067
Net result-€2,128-€15,836▼ 644%-€168,767▼ 966%€14,667-€306,271
Equity-€1,307-€17,143▼ 1,212%-€185,910▼ 984%-€171,243▲ 7.9%-€477,514▼ 179%
Total assets€211,848▼ 7.3%€195,912▼ 7.5%€142,152▼ 27.4%€362,726▲ 155%€266,808▼ 26.4%
Debt€213,155▼ 6.4%€213,054=€328,062▲ 54.0%€533,969▲ 62.8%€744,322▲ 39.4%
Working capital-€82,552▼ 33.7%-€83,054▼ 0.6%-€252,018▼ 203%-€102,271▲ 59.4%-€509,249▼ 398%
Staff (FTE)9▼ 26.2%9.1▲ 1.1%14.5▲ 59.3%18.2▲ 25.5%32.3▲ 77.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €281,067 after €22,574 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266,808
Fixed assets
€126,538 ▲ 115%
Current assets
€140,269 ▼ 53.8%
Key figures and ratios
EBITDA
-€247,838▼
2023 · €44,644
Cash flow
-€273,042▼
2023 · €36,737
Solvency
-179.0%▼
2023 · -47.2%
Current ratio
0.22▼
2023 · 0.75
Quick ratio
0.20▼
2023 · 0.72
Debt to equity
-1.56▲
2023 · -3.12
ROA
-114.8%▼
2023 · 4.0%
Interest coverage
-9.70▼
2023 · 5.54
Debt ≤ 1 year
€649,519▲
2023 · €406,094
Debt > 1 year
€94,803▼
2023 · €127,875
Income taxes
€37
Staff costs
€479,261▲
2023 · €441,538
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €78,335 | €10,582 | €269 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €189,001 | €324,934 | €441,538 | €479,261 | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,115 | €22,482 | €20,982 | €22,070 | €33,229 | ▲ 50.6% |
| Other operating charges640/8 | - | €1,462 | €18,675 | €9,551 | €29,127 | ▲ 205% |
| Non-recurring operating charges66A | - | €2,632 | €5,927 | €0 | - | - |
| Gross operating margin9900 | €178,630 | €208,515 | €218,597 | €495,733 | €260,551 | ▼ 47.4% |
| Operating profit (loss)9901 | €7,013 | -€7,063 | -€151,921 | €22,574 | -€281,067 | ▼ 1,345% |
| Financial income75/76B | - | - | €290 | €148 | €379 | ▲ 157% |
| Recurring financial income75 | €1 | - | €105 | €143 | €379 | ▲ 165% |
| Non-recurring financial income76B | - | - | €185 | €5 | €0 | ▼ 100% |
| Financial charges65/66B | - | €8,773 | €17,136 | €8,054 | €25,546 | ▲ 217% |
| Recurring financial charges65 | €9,142 | €8,773 | €13,537 | €8,054 | €25,546 | ▲ 217% |
| Non-recurring financial charges66B | - | - | €3,599 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€2,128 | -€15,836 | -€168,767 | €14,667 | -€306,234 | ▼ 2,188% |
| Income taxes67/77 | - | - | - | - | €37 | - |
| Profit (loss) for the period9904 | -€2,128 | -€15,836 | -€168,767 | €14,667 | -€306,271 | ▼ 2,188% |
| Profit (loss) for the period to be appropriated9905 | -€2,128 | -€15,836 | -€168,767 | €14,667 | -€306,271 | ▼ 2,188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,848 | €195,912 | €142,152 | €362,726 | €266,808 | ▼ 26.4% |
| Fixed assets21/28 | €94,292 | €75,944 | €66,108 | €58,903 | €126,538 | ▲ 115% |
| Intangible fixed assets21 | €77,778 | €62,222 | €46,667 | €31,111 | €15,556 | ▼ 50.0% |
| Tangible fixed assets22/27 | €16,514 | €13,721 | €17,341 | €25,692 | €108,133 | ▲ 321% |
| Plant, machinery and equipment23 | - | €3,708 | €1,553 | €7,162 | €12,981 | ▲ 81.2% |
| Furniture and vehicles24 | - | €6,040 | €6,618 | €4,857 | €10,448 | ▲ 115% |
| Other tangible fixed assets26 | - | €3,974 | €9,170 | €13,673 | €84,705 | ▲ 520% |
| Financial fixed assets28 | - | - | €2,100 | €2,100 | €2,850 | ▲ 35.7% |
| Current assets29/58 | €117,557 | €119,968 | €76,044 | €303,823 | €140,269 | ▼ 53.8% |
| Amounts receivable after more than one year29 | - | €9,246 | €6,969 | €4,669 | €2,346 | ▼ 49.8% |
| Other amounts receivable291 | - | €9,246 | €6,969 | €4,669 | €2,346 | ▼ 49.8% |
| Stocks and contracts in progress3 | €9,345 | €11,449 | €10,830 | €10,830 | €9,149 | ▼ 15.5% |
| Stocks30/36 | - | €11,449 | €10,830 | €10,830 | €9,149 | ▼ 15.5% |
| Amounts receivable within one year40/41 | €16,797 | €18,380 | €22,844 | €236,075 | €113,437 | ▼ 51.9% |
| Trade receivables40 | - | €10,207 | €11,704 | €137,484 | €18,416 | ▼ 86.6% |
| Other amounts receivable41 | - | €8,173 | €11,140 | €98,591 | €95,021 | ▼ 3.6% |
| Cash at bank and in hand54/58 | €90,170 | €79,530 | €32,705 | €52,070 | €13,650 | ▼ 73.8% |
| Deferred charges and accrued income490/1 | - | €1,362 | €2,697 | €179 | €1,687 | ▲ 842% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,848 | €195,912 | €142,152 | €362,726 | €266,808 | ▼ 26.4% |
| Equity10/15 | -€1,307 | -€17,143 | -€185,910 | -€171,243 | -€477,514 | ▼ 179% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€19,907 | -€35,743 | -€204,510 | -€189,843 | -€496,114 | ▼ 161% |
| Amounts payable17/49 | €213,155 | €213,054 | €328,062 | €533,969 | €744,322 | ▲ 39.4% |
| Amounts payable after more than one year17 | €13,046 | - | - | €127,875 | €94,803 | ▼ 25.9% |
| Financial debts170/4 | - | - | - | €127,875 | €94,803 | ▼ 25.9% |
| Amounts payable within one year42/48 | €200,109 | €203,022 | €328,062 | €406,094 | €649,519 | ▲ 59.9% |
| Current portion of amounts payable after more than one year42 | - | €32,523 | €32,523 | €34,394 | €33,072 | ▼ 3.8% |
| Financial debts43 | - | €96 | €2,346 | €3,472 | €721 | ▼ 79.2% |
| Credit institutions430/8 | - | €96 | €2,346 | €3,472 | €721 | ▼ 79.2% |
| Trade debts44 | €69,921 | €55,191 | €87,944 | €25,793 | €91,097 | ▲ 253% |
| Suppliers440/4 | - | €55,191 | €87,944 | €25,793 | €91,097 | ▲ 253% |
| Taxes, remuneration and social security45 | - | €92,389 | €176,982 | €285,074 | €367,362 | ▲ 28.9% |
| Taxes450/3 | - | €19,177 | €60,627 | €140,125 | €214,314 | ▲ 52.9% |
| Remuneration and social security454/9 | - | €73,212 | €116,355 | €144,949 | €153,049 | ▲ 5.6% |
| Other amounts payable47/48 | - | €22,823 | €28,267 | €57,361 | €157,267 | ▲ 174% |
| Accrued charges and deferred income492/3 | - | €10,032 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,128 | -€15,836 | -€168,767 | €14,667 | -€306,271 | ▼ 2,188% |
| + Depreciation and write-downs630 | €23,115 | €22,482 | €20,982 | €22,070 | €33,229 | ▲ 50.6% |
| Operating cash flow (approximation) | €20,987 | €6,647 | -€147,786 | €36,737 | -€273,042 | ▼ 843% |
| Investment in fixed assets (approximation) | - | -€4,135 | -€11,146 | -€14,865 | -€100,865 | ▼ 579% |
| Change in cash | - | -€10,640 | -€46,825 | €19,365 | -€38,420 | ▼ 298% |
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
2026
29-05
Judicial reorganisation
Extension
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 20-05-2026
27-02
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 26-11-2025
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet -€306,271
Net result drops to -€306,271, the lowest in the series.
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 149 days late
2023
31-12
Financial
Back to profitnet €14,667
Net result €14,667 after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 265 days late
2019
31-12
Financial
Highest result since 2018net €85,415 ▲295%
Operating result €104,999, net result €85,415, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
SignalFinancial 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, Brussel · 1 establishment unit since 2017
Ground area
454 m²
Building footprint
434 m²
Volume, LiDAR
9,109 m³
Parcel 21812N1076/00P000, Brussels · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FLAMINGO
since 20172.264.574.272
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1076/00P000 ProtectedArchitectural ensembleGeheel van twee art-nouveau opbrengsthuis |
Brussels | 454 m² | 1 · 434 m² | 24.7 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.264.574.272
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 1,354 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)
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47230Retail trade
47252Retail sale of beverages, general range
56210Event catering
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675973697
Also
9925:BE0675973697
Registered
30-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.