OTELFOX
ActiveOTELFOX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €62k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 3614 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
61
/ 100
Healthy▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+94
Solvency38▼-18
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.41 against 1.33 in 2024), and 68.6% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.4%
Return on assets
11.3%
Age of the figures
17 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-12-2025, 33 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
33 d late
2024
2 d early
2023
29 d late
2022
3 d late
2021
26 d late
2020
34 d late
2019
77 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€173k▲ 56.3%
2024 · €110k
2019: €49k
2020: €47k
2021: €95k
2022: €178k
2023: €109k
2024: €110k
2019 → 2025
Total assets
€549k▲ 52.6%
2024 · €360k
2019: €331k
2020: €210k
2021: €184k
2022: €417k
2023: €306k
2024: €360k
2019 → 2025
Net result
€62k▲ 4,741%
2024 · €1k
2019: €-31k
2020: €-2k
2021: €48k
2022: €83k
2023: €-69k
2024: €1k
2019 → 2025
Working capital
€-222k
2024 · €79k
2019: €-100k
2020: €-35k
2021: €37k
2022: €134k
2023: €64k
2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€178k▲ 87.7%€109k▼ 38.7%€110k▲ 1.2%€173k▲ 56.3%
Operating result€52k-€99k▲ 90.8%€-65k€8k€83k▲ 892%
Net result€48k-€83k▲ 73.5%€-69k€1k€62k▲ 4,741%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 892% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549k
Fixed assets
€394k▲ 779%
Current assets
€155k▼ 50.8%
Equity and liabilities €549k
Equity
€173k▲ 56.3%
Debt
€376k▲ 50.9%
The debt ratio falls from 69.3% to 68.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€104k▲
2024 · €31k
Cash flow
€83k▲
2024 · €24k
Solvency
31.4%▲
2024 · 30.7%
Current ratio
0.41▼
2024 · 1.33
Quick ratio
0.15▼
2024 · 1.12
Debt / equity
2.18▼
2024 · 2.26
ROE
36.0%▲
2024 · 1.2%
ROA
11.3%▲
2024 · 0.4%
Interest coverage
5.86▲
2024 · 4.42
Debt
€376k▲
2024 · €249k
Debt ≤ 1 year
€376k▲
2024 · €236k
Debt > 1 year
€0▼
2024 · €7k
Income taxes
€5k▲
2024 · €368
Staff costs
€450k▼
2024 · €598k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€360k€549k▲
Fixed assets21/28€45k€394k▲
Intangible fixed assets21€2k€2k▲
Tangible fixed assets22/27€43k€392k▲
Land and buildings22€318€0▼
Plant, machinery and equipment23€1k€723▼
Furniture and vehicles24€18k€55k▲
Other tangible fixed assets26€23k€336k▲
Current assets29/58€315k€155k▼
Stocks and contracts in progress3€49k€99k▲
Stocks30/36€49k€99k▲
Amounts receivable within one year40/41€69k€5k▼
Trade receivables40€67k€5k▼
Other amounts receivable41€1k€196▼
Cash at bank and in hand54/58€190k€51k▼
Deferred charges and accrued income490/1€7k€0▼
Equity and liabilities
Total equity and liabilities10/49€360k€549k▲
Equity10/15€110k€173k▲
Contributions10/11€19k€19k=
Reserves13€108k€154k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€108k€154k▲
Profit (loss) carried forward14€-16k€0▲
Amounts payable17/49€249k€376k▲
Amounts payable after more than one year17€7k€0▼
Financial debts170/4€7k€0▼
Amounts payable within one year42/48€236k€376k▲
Financial debts43€11k€3k▼
Credit institutions430/8€11k€3k▼
Trade debts44€74k€288k▲
Suppliers440/4€74k€288k▲
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€138k€70k▼
Taxes450/3€47k€28k▼
Remuneration and social security454/9€91k€42k▼
Other amounts payable47/48€14k€13k▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€598k€450k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€637k€561k▼
Operating profit (loss)9901€8k€83k▲
Financial income75/76B€316€2k▲
Recurring financial income75€316€2k▲
Financial charges65/66B€7k€18k▲
Recurring financial charges65€7k€18k▲
Profit (loss) for the period before taxes9903€2k€68k▲
Income taxes67/77€368€5k▲
Profit (loss) for the period9904€1k€62k▲
Profit (loss) for the period to be appropriated9905€1k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€46k▲
Profit (loss) brought forward from the previous period14P€-19k€-16k▲
Transfer from equity791/2€2k€0▼
Transfer to equity691/2-€46k
To other reserves6921-€46k
Social balance
Average headcount (FTE)908710.57.7▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 33 days late
31-03
Financial
Equity above €150kEq €173k ▲56.3%
2 profitable years in a row build equity to €173k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet €-69k ▼183%
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Highest result since 2019net €83k ▲73.5%
Operating result €99k, net result €83k, both a record.
31-03
Financial
Equity above €150kEq €178k ▲87.7%
2 profitable years in a row build equity to €178k.
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
31-03
Financial
Back to profitnet €48k
Net result €48k after 2 loss-making years.
31-03
Financial
Liquidity doublescurrent ratio 1.70
Current ratio from 0.69 to 1.70; short-term debt falls from €113k to €53k.
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 34 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 77 days late
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, De Panne · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Westhoeklaan 318660 De PanneGround area
912 m²
Building footprint
129 m²
Volume, LiDAR
809 m³
Parcel 38352D0174/00_000, Flanders · tallest building 23.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUBTIEL
since 20112.197.224.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352D0174/00_000 | Flanders | 912 m² | 1 · 129 m² | 23.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Panne2.197.224.204
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 8,745 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2010
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
55100Hotels and similar accommodation
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@subtiel-dining.be