PEPER
ActiveSummary
PEPER has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,574 and a net result of -€6,158. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+4
Solvency72▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.19 against 2.45 in 2024; short-term debt: 12.9% and cash: 21.3% of total assets), but 52.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,158
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
60 d late
2020
31 d late
2019
90 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 43 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€132,574▼ 14.1%
2024 · €154,282
Total assets
€279,388▼ 19.5%
2024 · €347,090
Net result
-€6,158▲ 65.2%
2024 · -€17,701
Working capital
€43,024▼ 31.7%
2024 · €63,007
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€80,161▲ 206%€165,719▲ 107%-€29,913-€16,032▲ 46.4%-€21,771▼ 35.8%
Net result€61,513above the sector's middle half▲ 383%€125,772above the sector's middle half▲ 104%-€33,463below the sector's middle half-€17,701below the sector's middle half▲ 47.1%-€6,158below the sector's middle half▲ 65.2%
Equity€79,673above the sector's middle half▲ 89.0%€205,445above the sector's middle half▲ 158%€171,983above the sector's middle half▼ 16.3%€154,282above the sector's middle half▼ 10.3%€132,574above the sector's middle half▼ 14.1%
Total assets€355,238above the sector's middle half▲ 27.9%€499,509above the sector's middle half▲ 40.6%€415,582above the sector's middle half▼ 16.8%€347,090above the sector's middle half▼ 16.5%€279,388above the sector's middle half▼ 19.5%
Debt€265,565▲ 12.7%€266,035▲ 0.2%€219,977▼ 17.3%€174,355▼ 20.7%€133,544▼ 23.4%
Working capital€63,749▲ 85.0%€148,966▲ 134%€84,651▼ 43.2%€63,007▼ 25.6%€43,024▼ 31.7%
Solvency22.4%within the sector's middle half▲ 7.2pp41.1%within the sector's middle half▲ 18.7pp41.4%within the sector's middle half▲ 0.3pp44.5%within the sector's middle half▲ 3.1pp47.5%within the sector's middle half▲ 3.0pp
Staff (FTE)4▲ 300%4.9▲ 22.5%0.2▼ 95.9%
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 stays negative: a loss of €21,771 in 2025 against €16,032 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279,388
Fixed assets
€200,316 ▼ 16.8%
Current assets
€79,073 ▼ 25.7%
Equity and liabilities €279,388
Equity
€132,574 ▼ 14.1%
Provisions
€13,270 ▼ 28.1%
Debt
€133,544 ▼ 23.4%
Debt's share of the balance-sheet total falls from 50.2% to 47.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25,569▼
2024 · €30,284
Cash flow
€41,182▲
2024 · €28,616
Current ratio
2.19▼
2024 · 2.45
Quick ratio
1.95▼
2024 · 2.31
Debt to equity
1.01▼
2024 · 1.13
ROE
-4.6%▲
2024 · -11.5%
ROA
-2.2%▲
2024 · -5.1%
Interest coverage
3.92▲
2024 · 3.86
Debt ≤ 1 year
€36,049▼
2024 · €43,382
Debt > 1 year
€97,495▼
2024 · €130,972
Income taxes
€361▲
2024 · €339
Staff costs
€0▼
2024 · €2,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 6,916 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €145,234 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €55,039 | €40,855 | €2,910 | €2,529 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,994 | €24,320 | €41,729 | €46,317 | €47,339 | ▲ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,969 | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €10,000 | -€10,000 | €0 | - | - | - |
| Other operating charges640/8 | €37,829 | €25,730 | €25,185 | €15,018 | €3,528 | ▼ 76.5% |
| Non-recurring operating charges66A | €900 | €0 | - | - | - | - |
| Gross operating margin9900 | €217,924 | €246,624 | €39,911 | €52,801 | €29,096 | ▼ 44.9% |
| Operating profit (loss)9901 | €80,161 | €165,719 | -€29,913 | -€16,032 | -€21,771 | ▼ 35.8% |
| Financial income75/76B | €2 | €3 | €2,147 | €1,342 | €1,758 | ▲ 31.0% |
| Recurring financial income75 | €2 | €3 | €2,147 | €1,342 | €1,758 | ▲ 31.0% |
| Financial charges65/66B | €11,809 | €11,628 | €9,767 | €7,840 | €6,518 | ▼ 16.9% |
| Recurring financial charges65 | €11,809 | €11,628 | €9,767 | €7,840 | €6,518 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €68,355 | €154,094 | -€37,534 | -€22,530 | -€26,531 | ▼ 17.8% |
| Transfer from deferred taxes780 | - | €1,018 | €4,406 | €5,169 | €20,734 | ▲ 301% |
| Transfer to deferred taxes680 | - | €29,047 | €0 | - | - | - |
| Income taxes67/77 | €6,842 | €293 | €335 | €339 | €361 | ▲ 6.4% |
| Profit (loss) for the period9904 | €61,513 | €125,772 | -€33,463 | -€17,701 | -€6,158 | ▲ 65.2% |
| Transfer from tax-exempt reserves789 | - | €4,073 | €17,625 | €20,675 | €5,183 | ▼ 74.9% |
| Transfer to tax-exempt reserves689 | - | €116,187 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €61,513 | €13,658 | -€15,838 | €2,974 | -€975 | ▼ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,238 | €499,509 | €415,582 | €347,090 | €279,388 | ▼ 19.5% |
| Fixed assets21/28 | €200,985 | €290,546 | €280,227 | €240,701 | €200,316 | ▼ 16.8% |
| Tangible fixed assets22/27 | €200,760 | €289,821 | €279,432 | €239,891 | €199,506 | ▼ 16.8% |
| Land and buildings22 | €195,049 | €239,847 | €219,535 | €194,435 | €163,143 | ▼ 16.1% |
| Plant, machinery and equipment23 | €5,711 | €611 | €21,982 | €20,678 | €24,721 | ▲ 19.6% |
| Furniture and vehicles24 | - | €49,363 | €37,915 | €24,779 | €11,642 | ▼ 53.0% |
| Financial fixed assets28 | €225 | €725 | €795 | €810 | €810 | = |
| Current assets29/58 | €154,253 | €208,963 | €135,355 | €106,389 | €79,073 | ▼ 25.7% |
| Amounts receivable after more than one year29 | - | €50,000 | €27,773 | €10,586 | €0 | ▼ 100% |
| Other amounts receivable291 | - | €50,000 | €27,773 | €10,586 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €8,513 | €6,708 | €5,041 | €6,333 | €8,918 | ▲ 40.8% |
| Stocks30/36 | €8,513 | €6,708 | €5,041 | €6,333 | €8,918 | ▲ 40.8% |
| Amounts receivable within one year40/41 | €18,120 | €38,385 | €9,434 | €9,068 | €10,515 | ▲ 16.0% |
| Trade receivables40 | - | €3,544 | €8,175 | €8,913 | €10,343 | ▲ 16.1% |
| Other amounts receivable41 | €18,120 | €34,841 | €1,259 | €155 | €172 | ▲ 10.8% |
| Cash at bank and in hand54/58 | €124,659 | €112,281 | €93,106 | €80,403 | €59,639 | ▼ 25.8% |
| Deferred charges and accrued income490/1 | €2,962 | €1,589 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,238 | €499,509 | €415,582 | €347,090 | €279,388 | ▼ 19.5% |
| Equity10/15 | €79,673 | €205,445 | €171,983 | €154,282 | €132,574 | ▼ 14.1% |
| Contributions10/11 | €12,000 | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Reserves13 | €67,673 | €179,787 | €162,162 | €141,488 | €120,754 | ▼ 14.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €112,114 | €94,489 | €73,814 | €53,081 | ▼ 28.1% |
| Distributable reserves133 | €65,813 | €65,813 | €65,813 | €65,813 | €65,813 | = |
| Profit (loss) carried forward14 | €0 | €13,658 | -€2,179 | €795 | -€180 | ▼ 123% |
| Provisions and deferred taxes16 | €10,000 | €28,029 | €23,622 | €18,454 | €13,270 | ▼ 28.1% |
| Provisions for liabilities and charges160/5 | €10,000 | €0 | - | - | - | - |
| Major repairs and maintenance162 | €10,000 | €0 | - | - | - | - |
| Deferred taxes168 | - | €28,029 | €23,622 | €18,454 | €13,270 | ▼ 28.1% |
| Amounts payable17/49 | €265,565 | €266,035 | €219,977 | €174,355 | €133,544 | ▼ 23.4% |
| Amounts payable after more than one year17 | €175,061 | €205,214 | €169,273 | €130,972 | €97,495 | ▼ 25.6% |
| Financial debts170/4 | €175,061 | €205,214 | €169,273 | €130,972 | €97,495 | ▼ 25.6% |
| Amounts payable within one year42/48 | €90,504 | €59,997 | €50,704 | €43,382 | €36,049 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | €39,142 | €46,399 | €36,979 | €38,300 | €33,476 | ▼ 12.6% |
| Trade debts44 | €6,030 | €7,755 | €11,406 | €4,449 | €1,271 | ▼ 71.4% |
| Suppliers440/4 | €6,030 | €7,755 | €11,406 | €4,449 | €1,271 | ▼ 71.4% |
| Advances received on contracts in progress46 | €3,414 | €1,751 | €2,100 | €0 | - | - |
| Taxes, remuneration and social security45 | €23,918 | €4,092 | €220 | €633 | €1,301 | ▲ 106% |
| Taxes450/3 | €18,047 | €3,841 | €214 | €633 | €1,301 | ▲ 106% |
| Remuneration and social security454/9 | €5,872 | €250 | €6 | €0 | - | - |
| Other amounts payable47/48 | €18,000 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €824 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,513 | €125,772 | -€33,463 | -€17,701 | -€6,158 | ▲ 65.2% |
| + Depreciation and write-downs630 | €33,994 | €24,320 | €41,729 | €46,317 | €47,339 | ▲ 2.2% |
| Operating cash flow (approximation) | €95,507 | €150,092 | €8,266 | €28,616 | €41,182 | ▲ 43.9% |
| Investment in fixed assets (approximation) | - | -€113,881 | -€31,410 | -€6,791 | -€6,954 | ▼ 2.4% |
| Change in cash | - | -€12,378 | -€19,174 | -€12,704 | -€20,763 | ▼ 63.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€33,463
Net result drops to -€33,463, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €125,772 ▲104%
Operating result €165,719, net result €125,772, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.48
Current ratio from 1.70 to 3.48; short-term debt falls from €90,504 to €59,997.
31-12
Financial
Equity above €200,000Eq €205,445 ▲158%
3 profitable years in a row build equity to €205,445.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €12,737
Net result €12,737 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.28
Current ratio from 0.91 to 2.28; short-term debt falls from €69,927 to €26,937.
Show earlier events
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
11-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Brasschaat · 1 establishment unit since 2007
Ground area
1,048 m²
Building footprint
128 m²
Volume, LiDAR
1,025 m³
Parcel 11008A0348/00Z004, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ROAST.
since 20072.160.637.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008A0348/00Z004 | Flanders | 1,048 m² | 1 · 128 m² | 11.5 m · 3 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 siteBrasschaat2.160.637.089
Legal Entity Identifier
967600OKZJJMCZ8J6J13
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 9,235 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)
Founded16-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887314824
Also
9925:BE0887314824
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.