OSDEL
ActiveSummary
OSDEL has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,700 and a net result of €6,586. Equity has been growing by about 73% per year since 2023. Its solvency ranks better than 70% of 16,961 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-06-2023 Normal situation
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112
- Establishment unit
- 2.349.196.478 4300 Waremme, since 22-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Board and ownership
- DELVAUX Fabrice LucienDirector · since 22-06-2023
- WARNOTTE Audrey Lucie GhislaineDirector · since 22-06-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
- Gross margin
- €77,071
- ▲ 4.2%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €6,586
- ▼ 32.2%
- Equity
- €17,700
- ▲ 59.3%
- Total assets
- €33,235
- ▲ 19.5%
- Employees on 31-12-2025
- 3
- ▲ 50.0%
Score breakdownraises riskFounded in 2023Sector: Food and beverage service activities (NACE 56)Size: total assets €33,235lowers riskLiquidity: current ratio 2.07, cash €23,129Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 71% of them on solvency, 80% on liquidity, 82% on profitability and 83% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 13 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 03-06-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 33% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 5 | 2 | 3 |
| full-time | 1 | 1 | 1 |
| part-time | 4 | 1 | 2 |
| in full-time equivalents | 2 | 1.4 | 2 |
| Average over the year, in full-time equivalents | 0.6 | 1.8 | 1.7 |
| On a permanent contract | 1 | 1 | 2 |
| Joined | 8 | 7 | 2 |
| Left | 3 | 10 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1,500 | €945 | €0 |
| Depreciation and write-downs of the year | €182 | €563 | €611 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as OSDEL: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €30,200 and €39,700, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| OSDEL Juprelle | 2023 | €33,235 | €17,700 | €77,071 | - | €6,586 | 2025 |
| 'T KLAVERTJE ZUID Antwerpen | 2023 | €31,741 | €12,150 | €67,947 | €276,469 | €1,460 | 2024 |
| SYRIEN FOOD Sint-Pieters-Leeuw | 2023 | €38,221 | €9,917 | €77,798 | - | €3,125 | 2025 |
| Termine Franco Châtelet | 2023 | €36,791 | €20,305 | €89,432 | - | €8,637 | 2025 |
| MARO SPAIN Neupré | 2023 | €30,203 | €11,192 | €56,082 | - | -€3,808 | 2024 |
| LAUREA Fléron | 2022 | €39,672 | -€6,715 | €78,471 | - | -€12,233 | 2025 |
| LC FOOD COOKING Herstal | 2022 | €39,219 | -€14,104 | €56,602 | - | €891 | 2025 |
They were chosen from the 10,328 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as OSDEL has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of OSDEL itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for OSDEL. 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24,671 | €62,334 | €69,143 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €182 | €563 | €611 | ▲ 8.5% |
| Other operating charges640/8 | €496 | €940 | €567 | ▼ 39.7% |
| Gross operating margin9900 | €23,769 | €73,957 | €77,071 | ▲ 4.2% |
| Operating profit (loss)9901 | -€1,579 | €10,119 | €6,750 | ▼ 33.3% |
| Financial income75/76B | - | €0 | €4 | - |
| Recurring financial income75 | - | €0 | €4 | - |
| Financial charges65/66B | €23 | €338 | €103 | ▼ 69.4% |
| Recurring financial charges65 | €23 | €338 | €103 | ▼ 69.4% |
| Profit (loss) for the period before taxes9903 | -€1,602 | €9,782 | €6,651 | ▼ 32.0% |
| Income taxes67/77 | - | €65 | €65 | ▼ 0.1% |
| Profit (loss) for the period9904 | -€1,602 | €9,716 | €6,586 | ▼ 32.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,602 | €9,716 | €6,586 | ▼ 32.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,050 | €27,808 | €33,235 | ▲ 19.5% |
| Fixed assets21/28 | €1,318 | €1,700 | €1,088 | ▼ 36.0% |
| Tangible fixed assets22/27 | €1,318 | €1,700 | €1,088 | ▼ 36.0% |
| Plant, machinery and equipment23 | €0 | - | - | - |
| Furniture and vehicles24 | €1,318 | €1,700 | €1,088 | ▼ 36.0% |
| Current assets29/58 | €19,732 | €26,109 | €32,146 | ▲ 23.1% |
| Stocks and contracts in progress3 | €1,115 | €1,726 | €1,636 | ▼ 5.2% |
| Stocks30/36 | €1,115 | €1,726 | €1,636 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €118 | €345 | €2,832 | ▲ 720% |
| Trade receivables40 | €0 | €0 | €0 | - |
| Other amounts receivable41 | €118 | €345 | €2,832 | ▲ 720% |
| Cash at bank and in hand54/58 | €14,728 | €20,322 | €23,129 | ▲ 13.8% |
| Deferred charges and accrued income490/1 | €3,771 | €3,716 | €4,550 | ▲ 22.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,050 | €27,808 | €33,235 | ▲ 19.5% |
| Equity10/15 | €1,398 | €11,114 | €17,700 | ▲ 59.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€1,602 | €8,114 | €14,700 | ▲ 81.2% |
| Amounts payable17/49 | €19,653 | €16,694 | €15,535 | ▼ 6.9% |
| Amounts payable within one year42/48 | €19,014 | €16,694 | €15,535 | ▼ 6.9% |
| Trade debts44 | €1,542 | €1,062 | €1,010 | ▼ 4.9% |
| Suppliers440/4 | €1,542 | €1,062 | €1,010 | ▼ 4.9% |
| Taxes, remuneration and social security45 | €10,472 | €12,632 | €14,525 | ▲ 15.0% |
| Taxes450/3 | €2,186 | €3,469 | €2,870 | ▼ 17.3% |
| Remuneration and social security454/9 | €8,286 | €9,164 | €11,655 | ▲ 27.2% |
| Other amounts payable47/48 | €7,000 | €3,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €639 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,602 | €9,716 | €6,586 | ▼ 32.2% |
| + Depreciation and write-downs630 | €182 | €563 | €611 | ▲ 8.5% |
| Operating cash flow (approximation) | -€1,420 | €10,280 | €7,197 | ▼ 30.0% |
| Investment in fixed assets (approximation) | - | -€945 | €0 | - |
| Change in cash | - | €5,594 | €2,807 | ▼ 49.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- WARNOTTE Audrey Lucie Ghislaine 50 shares (50%) · €1,500
- DELVAUX Fabrice Lucien 50 shares (50%) · €1,500
Capital transactions
- 26-06-2023 Incorporation · €3,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DELVAUX Fabrice Lucien |
|
| WARNOTTE Audrey Lucie Ghislaine |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, commun accord sinon président tribunal de l'entreprise statuant comme en référé à…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 26-06-2023 (in French)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
26-06
Gazette deed
IncorporationStarting capital €3,000 · Appointments: DELVAUX Fabrice Lucien (director) and WARNOTTE Audrey Lucie Ghislaine (director) · Founder12 points ▸
- Incorporation, 14-06-2023
- Founder, WARNOTTE Audrey Lucie Ghislaine
- Founder, DELVAUX Fabrice Lucien
- Founding capital, €3,000
- Bank account, 3000, “société en formation” (deed in French)
- Other provision, “Dispositions finales et transitoires – prise d'effet, comparants prennent à l'unanimité les décisions suivantes” (deed in French)
- Registered office clause, “4450 Juprelle, rue de l'Eglise 45A” (deed in French)
- Board rule, 2
- Director appointment, DELVAUX Fabrice Lucien (director (not named in the articles))
- Director appointment, WARNOTTE Audrey Lucie Ghislaine (director (not named in the articles))
- Pre-incorporation commitments
- Other provision, “Registre des actions – eStox, https://www.estox.be/fr/” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
OSDEL was incorporated on 22 June 2023 as a private limited company by two natural persons, with a starting capital of €3,000.12 The board currently has 2 members, 2 of whom have served since 2023.3 Total assets rose from €21,050 in 2023 to €33,235 in 2025 and headcount from 0.8 to 1.7 full-time equivalents.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64074C0866/00B027 | Wallonia | 1.3 ha | 1 · 2,430 m² | 17.8 m · 4 |
| 62060A0566/00B000 | Wallonia | 1,372 m² | 1 · 185 m² | 7.4 m · 2 |