OPEN
ActiveSummary
The computed 12-month bankruptcy probability of OPEN is 4.2% (elevated). The 2025 annual accounts show negative equity (-€152,823) and a net result of -€15,540. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 13560 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-84
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.33 in 2024; short-term debt: 32.2% and cash: 0.8% of total assets), and equity is negative.
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Signals
Six 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 →
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 2025Solvency, return and age of the figures
Solvency
-91.5%
Return on assets
-9.3%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€152,823
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
42 d late
2023
31 d late
2022
on the day
2021
24 d late
2020
80 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€152,823▼ 11.3%
2024 · -€137,283
Total assets
€167,050▼ 7.8%
2024 · €181,255
Net result
-€15,540
2024 · €32,976
Working capital
-€42,566▼ 27.9%
2024 · -€33,287
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,041-€7,876▼ 56.2%-€52,693▼ 569%€39,191-€12,995
Net result-€12,536below the sector's middle half-€14,723below the sector's middle half▼ 17.4%-€94,592below the sector's middle half▼ 542%€32,976above the sector's middle half-€15,540below the sector's middle half
Equity-€60,945below the sector's middle half▼ 25.9%-€75,667below the sector's middle half▼ 24.2%-€170,259below the sector's middle half▼ 125%-€137,283below the sector's middle half▲ 19.4%-€152,823below the sector's middle half▼ 11.3%
Total assets€721,093above the sector's middle half▲ 78.6%€604,237above the sector's middle half▼ 16.2%€484,962above the sector's middle half▼ 19.7%€181,255within the sector's middle half▼ 62.6%€167,050within the sector's middle half▼ 7.8%
Debt€782,038▲ 73.0%€679,904▼ 13.1%€655,222▼ 3.6%€318,539▼ 51.4%€319,873▲ 0.4%
Working capital-€50,018-€70,073▼ 40.1%-€154,066▼ 120%-€33,287▲ 78.4%-€42,566▼ 27.9%
Solvency-8.5%below the sector's middle half▲ 3.5pp-12.5%below the sector's middle half▼ 4.1pp-35.1%below the sector's middle half▼ 22.6pp-75.7%below the sector's middle half▼ 40.6pp-91.5%below the sector's middle half▼ 15.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €12,995 after €39,191 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167,050
Fixed assets
€155,809 ▼ 5.4%
Current assets
€11,241 ▼ 32.2%
Key figures and ratios
EBITDA
-€4,338▼
2024 · €49,573
Cash flow
-€6,882▼
2024 · €43,357
Current ratio
0.21▼
2024 · 0.33
Debt to equity
-2.09▲
2024 · -2.32
ROA
-9.3%▼
2024 · 18.2%
Interest coverage
-1.83▼
2024 · 8.15
Debt ≤ 1 year
€53,807▲
2024 · €49,877
Debt > 1 year
€258,247▼
2024 · €268,662
Income taxes
€177▲
2024 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% 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%.
| 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 2,338 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €209 | €217 | €240 | €246 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,545 | €33,370 | €34,394 | €10,381 | €8,657 | ▼ 16.6% |
| Other operating charges640/8 | €5,379 | €2,122 | €2,220 | €292,293 | €1,412 | ▼ 99.5% |
| Non-recurring operating charges66A | €3,015 | €2,198 | - | - | €1,853 | - |
| Gross operating margin9900 | €35,107 | €30,031 | -€15,839 | €342,111 | -€1,072 | ▼ 100% |
| Operating profit (loss)9901 | -€5,041 | -€7,876 | -€52,693 | €39,191 | -€12,995 | ▼ 133% |
| Financial income75/76B | €1 | €564 | - | €26 | €1 | ▼ 96.3% |
| Recurring financial income75 | €1 | €564 | - | €26 | €1 | ▼ 96.3% |
| Financial charges65/66B | €7,366 | €7,269 | €41,752 | €6,084 | €2,369 | ▼ 61.1% |
| Recurring financial charges65 | €7,366 | €7,269 | €6,742 | €6,084 | €2,369 | ▼ 61.1% |
| Non-recurring financial charges66B | - | - | €35,010 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€12,406 | -€14,582 | -€94,445 | €33,133 | -€15,363 | ▼ 146% |
| Income taxes67/77 | €130 | €141 | €147 | €157 | €177 | ▲ 12.5% |
| Profit (loss) for the period9904 | -€12,536 | -€14,723 | -€94,592 | €32,976 | -€15,540 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | -€12,536 | -€14,723 | -€94,592 | €32,976 | -€15,540 | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €721,093 | €604,237 | €484,962 | €181,255 | €167,050 | ▼ 7.8% |
| Fixed assets21/28 | €501,579 | €486,992 | €456,259 | €164,666 | €155,809 | ▼ 5.4% |
| Tangible fixed assets22/27 | €496,286 | €481,699 | €450,976 | €159,383 | €150,726 | ▼ 5.4% |
| Land and buildings22 | €289,043 | €280,326 | €272,796 | €97,489 | €94,540 | ▼ 3.0% |
| Furniture and vehicles24 | €3,259 | €2,329 | €1,399 | - | - | - |
| Other tangible fixed assets26 | €203,984 | €199,043 | €176,782 | €61,894 | €56,186 | ▼ 9.2% |
| Financial fixed assets28 | €5,293 | €5,293 | €5,283 | €5,283 | €5,083 | ▼ 3.8% |
| Current assets29/58 | €219,514 | €117,245 | €28,703 | €16,589 | €11,241 | ▼ 32.2% |
| Amounts receivable after more than one year29 | €50,000 | €50,000 | - | - | - | - |
| Trade receivables290 | €50,000 | €50,000 | - | - | - | - |
| Stocks and contracts in progress3 | €14,822 | €12,699 | €6,922 | €702 | - | - |
| Stocks30/36 | €14,822 | €12,699 | €6,922 | €702 | - | - |
| Amounts receivable within one year40/41 | €97,957 | €42,173 | €12,303 | €13,993 | €9,872 | ▼ 29.5% |
| Trade receivables40 | €94,727 | €40,260 | €10,350 | €12,140 | €9,872 | ▼ 18.7% |
| Other amounts receivable41 | €3,230 | €1,913 | €1,953 | €1,853 | - | - |
| Cash at bank and in hand54/58 | €55,857 | €11,497 | €7,364 | €912 | €1,370 | ▲ 50.2% |
| Deferred charges and accrued income490/1 | €878 | €877 | €2,115 | €982 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €721,093 | €604,237 | €484,962 | €181,255 | €167,050 | ▼ 7.8% |
| Equity10/15 | -€60,945 | -€75,667 | -€170,259 | -€137,283 | -€152,823 | ▼ 11.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€79,545 | -€94,267 | -€188,859 | -€155,883 | -€171,423 | ▼ 10.0% |
| Amounts payable17/49 | €782,038 | €679,904 | €655,222 | €318,539 | €319,873 | ▲ 0.4% |
| Amounts payable after more than one year17 | €512,322 | €492,586 | €472,452 | €268,662 | €258,247 | ▼ 3.9% |
| Financial debts170/4 | €512,322 | €492,586 | €472,452 | €268,662 | €258,247 | ▼ 3.9% |
| Amounts payable within one year42/48 | €269,533 | €187,318 | €182,769 | €49,877 | €53,807 | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €19,346 | €21,296 | €22,271 | €12,289 | €10,415 | ▼ 15.3% |
| Trade debts44 | €30,688 | €33,795 | €10,123 | €4,329 | €4,028 | ▼ 6.9% |
| Suppliers440/4 | €30,688 | €33,795 | €10,123 | €4,329 | €3,653 | ▼ 15.6% |
| Bills of exchange payable441 | - | - | - | - | €375 | - |
| Taxes, remuneration and social security45 | €4,388 | €3,679 | €3,174 | €2,291 | €1,037 | ▼ 54.7% |
| Taxes450/3 | €4,388 | €3,679 | €3,174 | €2,291 | €1,037 | ▼ 54.7% |
| Other amounts payable47/48 | €215,110 | €128,547 | €147,202 | €30,968 | €38,327 | ▲ 23.8% |
| Accrued charges and deferred income492/3 | €183 | - | - | - | €7,819 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,536 | -€14,723 | -€94,592 | €32,976 | -€15,540 | ▼ 147% |
| + Depreciation and write-downs630 | €31,545 | €33,370 | €34,394 | €10,381 | €8,657 | ▼ 16.6% |
| Operating cash flow (approximation) | €19,008 | €18,647 | -€60,198 | €43,357 | -€6,882 | ▼ 116% |
| Investment in fixed assets (approximation) | - | -€18,782 | -€3,661 | €281,212 | €200 | ▼ 99.9% |
| Change in cash | - | -€44,360 | -€4,134 | -€6,451 | €458 | ▲ 107% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Back to profitnet €32,976
Net result €32,976 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€94,592
Net result drops to -€94,592, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
2020
31-12
Financial
Highest result since 2018net €37,451 ▲57.1%
Operating result €42,052, net result €37,451, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €23,835
Net result €23,835 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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, Watermaal-Bosvoorde · 1 establishment unit since 2010
Ground area
643 m²
Building footprint
273 m²
Volume, LiDAR
2,351 m³
2 parcels, Brussels · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
c2 créativité culinaire
since 20102.192.053.708
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0003/00D012 | Brussels | 349 m² | 1 · 84 m² | 12.8 m · 3 fl. |
| 21652E0393/00S000 | Brussels | 295 m² | 1 · 188 m² | 15.1 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,501 companies in sector 56210 we hold annual accounts for 2,451. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
46190Agents in non-specialised wholesale trade
56111Full-service restaurants
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829547760
Also
9925:BE0829547760
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.