Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €53,807 falls due within a year.
Less equity than 95% of companies in food and beverage service. Sector median €28,639 · 17,193 companies.
In July 2024, 2,333 companies had the same profile as OPEN has now. Each dot stands for 6 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for OPEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| OPEN Watermael-Boitsfort | €167,050 | -€1,072 | -91.5% | - |
| SOUL MEDIA Ghent | €198,676 | -€21,964 | 94.2% | - |
| VANNUCHI Ghent | €142,865 | -€1,522 | -24.3% | - |
| LE ZIE Ixelles | €127,240 | -€18,243 | -35.7% | - |
| SAGABONA KUNJANI WENA Tongeren-Borgloon | €217,559 | -€7,037 | -95.2% | - |
| TRAITEUR VAN DER HEYDEN Ans | €201,640 | -€13,135 | -157.2% | 4.2 |
| So Tasty Herzele | €153,468 | -€606 | -48.2% | - |
These companies have the same main activity as OPEN: event catering (NACE 56210). They are comparable in size and age: total assets between €127,000 and €218,000, founded between 2007 and 2013.
OPEN files the micro format. That format states no turnover. The gross margin fell from €3,186 in 2011 to -€1,072 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 10% of 17,162 companies in 2025.
Higher than 10% of 16,586 companies in 2025.
Higher than 22% of 16,669 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
167,050 | 181,255 | 484,962 | 604,237 | 721,093 | 403,721 | 406,350 | 377,997 | 522,483 | 578,366 | 206,100 | 110 | 5,500 | 22,807 | 13,774 | |
21/28 |
155,809 | 164,666 | 456,259 | 486,992 | 501,579 | 218,964 | 265,864 | 256,725 | 286,171 | 120,584 | 150,755 | - | 3,315 | 9,176 | 7,474 | |
21 |
- | - | - | - | - | - | 23,324 | 46,657 | 69,991 | 93,324 | 116,662 | - | - | - | - | |
22/27 |
150,726 | 159,383 | 450,976 | 481,699 | 496,286 | 213,671 | 237,447 | 204,975 | 211,087 | 22,166 | 29,000 | - | 3,315 | 9,176 | 7,474 | |
22 |
94,540 | 97,489 | 272,796 | 280,326 | 289,043 | 109,286 | 112,235 | 115,184 | 115,491 | - | - | - | - | 2,674 | 4,202 | |
23 |
- | - | - | - | - | - | - | - | 7,500 | - | - | - | - | 2,082 | 3,272 | |
24 |
- | - | 1,399 | 2,329 | 3,259 | 8,045 | 16,838 | 1,499 | 557 | 15,333 | 25,667 | - | 3,315 | 4,420 | - | |
26 |
56,186 | 61,894 | 176,782 | 199,043 | 203,984 | 96,341 | 108,374 | 88,292 | 87,539 | 6,833 | 3,333 | - | - | - | - | |
28 |
5,083 | 5,283 | 5,283 | 5,293 | 5,293 | 5,293 | 5,093 | 5,093 | 5,093 | 5,093 | 5,093 | - | - | - | - | |
29/58 |
11,241 | 16,589 | 28,703 | 117,245 | 219,514 | 184,757 | 140,486 | 121,272 | 236,312 | 457,783 | 55,344 | 110 | 2,185 | 13,631 | 6,300 | |
29 |
- | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | - | - | |
290 |
- | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | - | - | - | - | |
3 |
- | 702 | 6,922 | 12,699 | 14,822 | 14,721 | - | - | 96,810 | 361,180 | - | - | - | 1,750 | - | |
30/36 |
- | 702 | 6,922 | 12,699 | 14,822 | 14,721 | - | - | 96,810 | 361,180 | - | - | - | 1,750 | - | |
40/41 |
9,872 | 13,993 | 12,303 | 42,173 | 97,957 | 112,093 | 86,533 | 65,646 | 86,167 | 37,019 | 2,756 | - | 2,185 | 8,921 | 2,893 | |
40 |
9,872 | 12,140 | 10,350 | 40,260 | 94,727 | 103,133 | 78,988 | 63,105 | 59,618 | 12,000 | 862 | - | - | 7,538 | 2,050 | |
41 |
- | 1,853 | 1,953 | 1,913 | 3,230 | 8,960 | 7,545 | 2,541 | 26,549 | 25,019 | 1,894 | - | 2,185 | 1,383 | 842 | |
54/58 |
1,370 | 912 | 7,364 | 11,497 | 55,857 | 7,081 | 3,071 | 5,130 | 2,000 | 8,709 | 967 | 110 | - | 2,960 | 3,407 | |
490/1 |
- | 982 | 2,115 | 877 | 878 | 862 | 882 | 496 | 1,335 | 874 | 1,621 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
167,050 | 181,255 | 484,962 | 604,237 | 721,093 | 403,721 | 406,350 | 377,997 | 522,483 | 578,366 | 206,100 | 110 | 5,500 | 22,807 | 13,774 | |
10/15 |
-152,823 | -137,283 | -170,259 | -75,667 | -60,945 | -48,409 | -85,859 | -109,694 | -82,203 | -72,679 | -29,911 | -1,668 | 1,046 | 4,518 | 5,086 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | |
14 |
-171,423 | -155,883 | -188,859 | -94,267 | -79,545 | -67,009 | -104,459 | -128,294 | -100,803 | -91,279 | -48,511 | -7,868 | -5,154 | -1,682 | -1,114 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,000 | - | |
17/49 |
319,873 | 318,539 | 655,222 | 679,904 | 782,038 | 452,130 | 492,209 | 487,691 | 604,686 | 651,045 | 236,010 | 1,778 | 4,454 | 15,289 | 8,688 | |
17 |
258,247 | 268,662 | 472,452 | 492,586 | 512,322 | 307,767 | 312,381 | 321,645 | 429,533 | 460,493 | 200,000 | - | 1,844 | 3,959 | 5,971 | |
170/4 |
258,247 | 268,662 | 472,452 | 492,586 | 512,322 | 307,767 | 312,381 | 321,645 | 429,533 | 460,493 | 200,000 | - | 1,844 | 3,959 | 5,971 | |
42/48 |
53,807 | 49,877 | 182,769 | 187,318 | 269,533 | 144,363 | 179,828 | 166,046 | 174,140 | 190,552 | 36,010 | 1,778 | 2,610 | 11,330 | 2,718 | |
42 |
10,415 | 12,289 | 22,271 | 21,296 | 19,346 | 9,169 | 9,264 | 9,141 | 8,622 | 9,419 | - | - | 2,115 | 2,012 | 1,914 | |
43 |
- | - | - | - | - | - | - | 268 | 228 | 1,532 | 1,050 | - | 279 | - | - | |
430/8 |
- | - | - | - | - | - | - | 268 | 228 | 1,532 | 1,050 | - | 279 | - | - | |
44 |
4,028 | 4,329 | 10,123 | 33,795 | 30,688 | 10,042 | 20,460 | 31,796 | 42,898 | 710 | 2,078 | 554 | 216 | 8,683 | 803 | |
440/4 |
3,653 | 4,329 | 10,123 | 33,795 | 30,688 | 10,042 | 20,460 | 31,796 | 41,549 | 710 | 2,078 | 554 | 216 | 8,683 | 803 | |
441 |
375 | - | - | - | - | - | - | - | 1,349 | - | - | - | - | - | - | |
45 |
1,037 | 2,291 | 3,174 | 3,679 | 4,388 | 414 | 1,883 | 1,781 | 2,586 | 13,481 | 1,884 | 126 | - | 635 | - | |
450/3 |
1,037 | 2,291 | 3,174 | 3,679 | 4,388 | 414 | 1,883 | 1,781 | 2,581 | 13,481 | 1,884 | 126 | - | 635 | - | |
454/9 |
- | - | - | - | - | - | - | - | 5 | - | - | - | - | - | - | |
47/48 |
38,327 | 30,968 | 147,202 | 128,547 | 215,110 | 124,738 | 148,221 | 123,060 | 119,806 | 165,410 | 30,998 | 1,098 | - | - | - | |
492/3 |
7,819 | - | - | - | 183 | - | - | - | 1,013 | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 48,648 | |
76A |
- | - | - | - | - | - | 1,780 | - | - | 275 | - | - | - | - | - | |
9900 |
-1,072 | 342,111 | -15,839 | 30,031 | 35,107 | 95,435 | 75,474 | 45,591 | 45,095 | -3,000 | -5,358 | 1,379 | -261 | 7,639 | 3,186 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 45,461 | |
62 |
- | 246 | 240 | 217 | 209 | 145 | 178 | 533 | 3,359 | - | - | - | - | - | - | |
630 |
8,657 | 10,381 | 34,394 | 33,370 | 31,545 | 47,100 | 45,608 | 41,262 | 40,420 | 35,172 | 34,338 | - | 1,105 | 3,823 | 2,718 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | -3,000 | 3,000 | - | |
640/8 |
1,412 | 292,293 | 2,220 | 2,122 | 5,379 | 6,138 | 2,011 | 628 | 2,882 | 1,127 | 724 | 3,713 | 4,693 | 954 | 787 | |
66A |
1,853 | - | - | 2,198 | 3,015 | - | - | 16,275 | - | - | - | - | - | - | - | |
9901 |
-12,995 | 39,191 | -52,693 | -7,876 | -5,041 | 42,052 | 27,677 | -13,107 | -1,566 | -39,299 | -40,420 | -2,335 | -3,060 | -138 | -319 | |
75/76B |
1 | 26 | - | 564 | 1 | - | 109 | 1 | - | - | - | 1 | 1 | 23 | 17 | |
75 |
1 | 26 | - | 564 | 1 | - | 109 | 1 | - | - | - | 1 | 1 | 23 | 17 | |
65/66B |
2,369 | 6,084 | 41,752 | 7,269 | 7,366 | 4,480 | 3,758 | 14,270 | 7,849 | 3,397 | 169 | 317 | 330 | 450 | 812 | |
65 |
2,369 | 6,084 | 6,742 | 7,269 | 7,366 | 4,480 | 3,758 | 4,770 | 7,849 | 3,397 | 169 | 317 | 330 | 450 | 812 | |
66B |
- | - | 35,010 | - | - | - | - | 9,500 | - | - | - | - | - | - | - | |
9903 |
-15,363 | 33,133 | -94,445 | -14,582 | -12,406 | 37,572 | 24,028 | -27,376 | -9,415 | -42,696 | -40,589 | -2,651 | -3,388 | -565 | -1,114 | |
67/77 |
177 | 157 | 147 | 141 | 130 | 121 | 193 | 114 | 109 | 73 | 54 | 62 | 84 | 3 | 0 | |
9904 |
-15,540 | 32,976 | -94,592 | -14,723 | -12,536 | 37,451 | 23,835 | -27,490 | -9,524 | -42,768 | -40,643 | -2,713 | -3,473 | -568 | -1,114 | |
9905 |
-15,540 | 32,976 | -94,592 | -14,723 | -12,536 | 37,451 | 23,835 | -27,490 | -9,524 | -42,768 | -40,643 | -2,713 | -3,473 | -568 | -1,114 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-171,423 | -155,883 | -188,859 | -94,267 | -79,545 | -67,009 | -104,459 | -128,294 | -100,803 | -91,279 | -48,511 | -7,868 | -5,154 | -1,682 | -1,114 | |
14P |
-155,883 | -188,859 | -94,267 | -79,545 | -67,009 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | - | - | - | - | - | 0.1 | 0.2 | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | 17 | 228 | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00301905 | |
| 31-12-2024 | micro format | 11-09-2025 | 2025-00490430 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00447891 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00319019 | |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20319981 | |
| 31-12-2020 | micro format | 19-10-2021 | 2021-72300151 | |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43600560 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-39300553 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59800507 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38900208 | |
| 31-12-2015 | full format | 28-07-2016 | 2016-37900004 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-53100163 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-45100080 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-49500437 | |
| 31-12-2011 | full format | 25-10-2012 | 2012-61500158 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4,338 | 49,573 | -18,299 | 25,494 | 26,504 | 89,152 | 73,285 | 28,155 | 38,854 | -4,127 | -6,082 | - | -1,955 | 3,685 | 2,399 | ||
| -6,882 | 43,357 | -60,198 | 18,647 | 19,008 | 84,551 | 69,443 | 13,772 | 30,896 | -7,597 | -6,305 | - | -2,368 | 3,255 | 1,603 | ||
| -200 | 1,397 | 3,671 | 19,968 | 317,174 | 200 | 54,747 | 11,817 | 206,008 | 5,000 | 185,093 | - | -4,756 | 5,525 | 10,192 | ||
| 458 | -6,451 | -4,134 | -44,360 | 48,776 | 4,010 | -2,059 | 3,130 | -6,709 | 7,742 | 857 | - | - | -447 | - | ||
| -42,566 | -33,287 | -154,066 | -70,073 | -50,018 | 40,395 | -39,342 | -44,774 | 62,172 | 267,230 | 19,334 | -1,668 | -425 | 2,301 | 3,582 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.7% | ||
| -91.5% | -75.7% | -35.1% | -12.5% | -8.5% | -12.0% | -21.1% | -29.0% | -15.7% | -12.6% | -14.5% | - | 19.0% | 19.8% | 36.9% | ||
| 0.21 | 0.33 | 0.16 | 0.63 | 0.81 | 1.28 | 0.78 | 0.73 | 1.36 | 2.40 | 1.54 | - | 0.84 | 1.20 | 2.32 | ||
| 0.21 | 0.32 | 0.12 | 0.56 | 0.76 | 1.18 | 0.78 | 0.73 | 0.80 | 0.51 | 1.54 | - | 0.84 | 1.05 | 2.32 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 4.26 | 3.38 | 1.71 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | -332.1% | -12.6% | -21.9% | ||
| -9.3% | 18.2% | -19.5% | -2.4% | -1.7% | 9.3% | 5.9% | -7.3% | -1.8% | -7.4% | -19.7% | - | -63.1% | -2.5% | -8.1% | ||
| -1.83 | 8.15 | -2.71 | 3.51 | 3.60 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €150,000 | €150,000 | - | €264,000 | €264,000 |
| - | - | - | €114,000 | €114,000 | |
| Carrying value of the mortgaged assets | €149,244 | €157,408 | - | €472,915 | €493,027 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,397 | €3,671 | €19,968 | €317,174 |
| €8,657 | €10,381 | €34,394 | €33,370 | €31,545 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €12,995, after a profit of €39,191 in 2024.
Equity is negative. Debt (€319,873) exceeds the balance-sheet total (€167,050).
OPEN has no parent and no holdings in its annual accounts. OPEN shares no director with another company.
| Aeris Logistica Consulting
registered office since 01-07-2024 · founded in 2024 |
total assets €189,905 (2025) 1011.004.175 |
| SOLINÈS
registered office since 02-06-2015 · founded in 2015 · negative equity (2025) |
total assets €66,772 (2025) 0631.699.434 |
| Liseito
registered office since 07-01-2025 · founded in 2025 |
total assets €9,198 (2025) 1018.342.127 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Terhulpsesteenweg 217 registered office 1170 Watermael-Boitsfort | ||
| c2 créativité culinaire Visélaan 42, 1170 Watermael-Boitsfort 4619001 Agents in non-specialised wholesale trade | 07-10-2010 | 2.192.053.708 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21017D0003/00D012 | 349 m² | 1 · 84 m² | 12.8 m · 3 |
| 21652E0393/00S000 | 295 m² | 1 · 188 m² | 15.1 m · 3 |
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