OFFSIDE
ActiveSummary
The computed 12-month bankruptcy probability of OFFSIDE is 1.5% (moderate). The 2024 annual accounts show equity of €227,932 and a net result of €14,610. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 18932 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-8
Solvency67▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.04 in 2023; short-term debt: 45.3% and cash: 5.5% of total assets), but 58% of the assets are financed with debt.
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Signals
Three 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
68 d late
2023
65 d late
2022
70 d late
2021
30 d late
2020
31 d late
2019
91 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 59 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
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Financials · fiscal year 2024, micro schema
Equity
€227,932▼ 2.9%
2023 · €234,821
Total assets
€542,387▲ 3.7%
2023 · €522,980
Net result
€14,610▼ 47.3%
2023 · €27,728
Working capital
€193,663▼ 4.0%
2023 · €201,713
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€10,436▼ 90.0%€79,381▲ 661%€44,888▼ 43.5%€39,075▼ 12.9%€19,180▼ 50.9%
Net result€1,485▼ 98.4%€67,997▲ 4,479%€31,882▼ 53.1%€27,728▼ 13.0%€14,610▼ 47.3%
Equity€171,714▲ 0.9%€218,211▲ 27.1%€228,593▲ 4.8%€234,821▲ 2.7%€227,932▼ 2.9%
Total assets€262,772▼ 21.5%€339,283▲ 29.1%€365,998▲ 7.9%€522,980▲ 42.9%€542,387▲ 3.7%
Debt€91,058▼ 44.7%€121,072▲ 33.0%€137,405▲ 13.5%€288,159▲ 110%€314,456▲ 9.1%
Working capital€175,554▲ 5.0%€224,810▲ 28.1%€231,926▲ 3.2%€201,713▼ 13.0%€193,663▼ 4.0%
Staff (FTE)6.2▲ 8.8%5.9▼ 4.8%6.3▲ 6.8%8.8▲ 39.7%9.7▲ 10.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €542,387
Fixed assets
€102,896 ▼ 18.9%
Current assets
€439,491 ▲ 10.9%
Equity and liabilities €542,387
Equity
€227,932 ▼ 2.9%
Debt
€314,456 ▲ 9.1%
Debt's share of the balance-sheet total rises from 55.1% to 58.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€46,448▲
2023 · €46,006
Cash flow
€41,878▲
2023 · €34,659
Current ratio
1.79▼
2023 · 2.04
Quick ratio
1.73▼
2023 · 1.97
Debt to equity
1.38▲
2023 · 1.23
ROE
6.4%▼
2023 · 11.8%
ROA
2.7%▼
2023 · 5.3%
Interest coverage
5.35▼
2023 · 16.01
Debt ≤ 1 year
€245,828▲
2023 · €194,409
Debt > 1 year
€66,618▼
2023 · €88,493
Income taxes
€8,148▼
2023 · €16,964
Staff costs
€274,337▲
2023 · €249,968
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €145,116 | €221,370 | €249,968 | €274,337 | ▲ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,386 | €11,604 | €4,715 | €6,931 | €27,268 | ▲ 293% |
| Other operating charges640/8 | - | €3,563 | €9,374 | €8,660 | €8,744 | ▲ 1.0% |
| Gross operating margin9900 | €175,195 | €239,664 | €280,347 | €304,634 | €329,528 | ▲ 8.2% |
| Operating profit (loss)9901 | €10,436 | €79,381 | €44,888 | €39,075 | €19,180 | ▼ 50.9% |
| Financial income75/76B | - | €4,964 | €6,998 | €8,491 | €12,258 | ▲ 44.4% |
| Recurring financial income75 | €5,456 | €4,964 | €6,998 | €8,491 | €12,258 | ▲ 44.4% |
| Financial charges65/66B | - | €1,286 | €4,452 | €2,874 | €8,679 | ▲ 202% |
| Recurring financial charges65 | €2,716 | €1,286 | €4,452 | €2,874 | €8,679 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €7,167 | €83,058 | €47,434 | €44,692 | €22,758 | ▼ 49.1% |
| Income taxes67/77 | €5,683 | €15,061 | €15,552 | €16,964 | €8,148 | ▼ 52.0% |
| Profit (loss) for the period9904 | €1,485 | €67,997 | €31,882 | €27,728 | €14,610 | ▼ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €1,485 | €67,997 | €31,882 | €27,728 | €14,610 | ▼ 47.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,772 | €339,283 | €365,998 | €522,980 | €542,387 | ▲ 3.7% |
| Fixed assets21/28 | €16,316 | €10,979 | €7,406 | €126,858 | €102,896 | ▼ 18.9% |
| Tangible fixed assets22/27 | €16,066 | €10,729 | €7,356 | €126,808 | €102,846 | ▼ 18.9% |
| Plant, machinery and equipment23 | - | €5,849 | €4,558 | €3,394 | €2,735 | ▼ 19.4% |
| Furniture and vehicles24 | - | €3,053 | €1,343 | €122,334 | €99,405 | ▼ 18.7% |
| Other tangible fixed assets26 | - | €1,828 | €1,454 | €1,080 | €706 | ▼ 34.6% |
| Financial fixed assets28 | €250 | €250 | €50 | €50 | €50 | = |
| Current assets29/58 | €246,456 | €328,303 | €358,592 | €396,123 | €439,491 | ▲ 10.9% |
| Amounts receivable after more than one year29 | - | €105,000 | €90,000 | €75,000 | €60,000 | ▼ 20.0% |
| Other amounts receivable291 | - | €105,000 | €90,000 | €75,000 | €60,000 | ▼ 20.0% |
| Stocks and contracts in progress3 | €3,751 | €9,073 | €11,356 | €12,418 | €13,260 | ▲ 6.8% |
| Stocks30/36 | - | €9,073 | €11,356 | €12,418 | €13,260 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €38,026 | €80,409 | €159,199 | €213,625 | €332,206 | ▲ 55.5% |
| Trade receivables40 | - | €17,134 | €19,113 | €24,626 | €8,424 | ▼ 65.8% |
| Other amounts receivable41 | - | €63,274 | €140,087 | €188,999 | €323,782 | ▲ 71.3% |
| Cash at bank and in hand54/58 | €82,681 | €131,780 | €94,551 | €91,580 | €29,838 | ▼ 67.4% |
| Deferred charges and accrued income490/1 | - | €2,041 | €3,486 | €3,499 | €4,187 | ▲ 19.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,772 | €339,283 | €365,998 | €522,980 | €542,387 | ▲ 3.7% |
| Equity10/15 | €171,714 | €218,211 | €228,593 | €234,821 | €227,932 | ▼ 2.9% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €151,714 | €198,211 | €208,593 | €214,821 | €207,932 | ▼ 3.2% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €196,211 | €206,593 | €212,821 | €205,932 | ▼ 3.2% |
| Amounts payable17/49 | €91,058 | €121,072 | €137,405 | €288,159 | €314,456 | ▲ 9.1% |
| Amounts payable after more than one year17 | €14,158 | €7,776 | €2,186 | €88,493 | €66,618 | ▼ 24.7% |
| Financial debts170/4 | - | €7,776 | €2,186 | €88,493 | €66,618 | ▼ 24.7% |
| Amounts payable within one year42/48 | €70,902 | €103,493 | €126,666 | €194,409 | €245,828 | ▲ 26.4% |
| Current portion of amounts payable after more than one year42 | - | €6,382 | €5,590 | €23,257 | €21,875 | ▼ 5.9% |
| Trade debts44 | €9,839 | €35,302 | €31,029 | €47,004 | €103,945 | ▲ 121% |
| Suppliers440/4 | - | €35,302 | €31,029 | €47,004 | €103,945 | ▲ 121% |
| Taxes, remuneration and social security45 | - | €61,809 | €90,047 | €117,698 | €107,109 | ▼ 9.0% |
| Taxes450/3 | - | €40,241 | €63,194 | €84,917 | €77,783 | ▼ 8.4% |
| Remuneration and social security454/9 | - | €21,568 | €26,853 | €32,781 | €29,326 | ▼ 10.5% |
| Other amounts payable47/48 | - | - | - | €6,450 | €12,900 | ▲ 100% |
| Accrued charges and deferred income492/3 | - | €9,803 | €8,553 | €5,257 | €2,009 | ▼ 61.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,485 | €67,997 | €31,882 | €27,728 | €14,610 | ▼ 47.3% |
| + Depreciation and write-downs630 | €11,386 | €11,604 | €4,715 | €6,931 | €27,268 | ▲ 293% |
| Operating cash flow (approximation) | €12,871 | €79,602 | €36,597 | €34,659 | €41,878 | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | -€6,268 | -€1,141 | -€126,383 | -€3,306 | ▲ 97.4% |
| Change in cash | - | €49,099 | -€37,229 | -€2,971 | -€61,742 | ▼ 1,978% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €200,000Eq €218,211 ▲27.1%
4 profitable years in a row build equity to €218,211.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €1,485 ▼98.4%
Net result drops to €1,485, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €92,225 ▲69.2%
Operating result €104,349, net result €92,225, both a record.
31-12
Financial
Equity above €150,000Eq €170,229 ▲110%
2 profitable years in a row build equity to €170,229.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 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 2 acts read
About the unread acts
We know of 2 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
2 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, Genk · 1 establishment unit since 2010
Ground area
2.7 ha
Building footprint
1.5 ha
Volume, LiDAR
270,531 m³
Parcel 71308A0819/00V038, Flanders · tallest building 32.8 m, ±6 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Thema Café Cup Final
since 20102.189.904.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0819/00V038 | Flanders | 2.7 ha | 1 · 1.5 ha | 32.8 m · 6 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 siteGenk2.189.904.959
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 8,267 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)
Founded08-07-2010
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.