POSITANO
Judicial reorganisationSummary
The file of POSITANO contains 3 judicial reorganisation notices, as published in the Belgian State Gazette. The KBO register records for POSITANO the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (-€146,314) and a net result of -€105,132. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 13604 sector peers (fiscal year 2025).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 17 June 2026
- Track
- Reorganisation by collective agreement
- Docket number
- 20260041
- Delegated judge
- Peter Doms
- Official Gazette
- 23-06-2026 (pdf) ↗search the document for 2026/127420
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-9
Solvency0=
Growth32▼-26
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.07 against 0.63 in 2024; short-term debt: 681.4% and cash: 3.3% of total assets), and equity is negative.
Credit check for your own amount and term
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.
+raises risk○neutral
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 -€146,314
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
11 d late
2023
on the day
2022
64 d late
2021
78 d late
2020
20 d late
2019
26 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 32 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
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€146,314▼ 255%
2024 · -€41,183
Total assets
€23,808▼ 77.5%
2024 · €105,906
Net result
-€105,132▼ 1,114%
2024 · -€8,660
Working capital
-€150,948▼ 177%
2024 · -€54,470
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€20,783▲ 72.3%-€14,026€10,786-€7,177-€29,203▼ 307%
Net result€18,036within the sector's middle half▲ 121%-€37,348below the sector's middle half€9,843within the sector's middle half-€8,660below the sector's middle half-€105,132below the sector's middle half▼ 1,114%
Equity-€5,018below the sector's middle half▲ 78.2%-€42,366below the sector's middle half▼ 744%-€32,523below the sector's middle half▲ 23.2%-€41,183below the sector's middle half▼ 26.6%-€146,314below the sector's middle half▼ 255%
Total assets€139,331within the sector's middle half▼ 10.5%€107,553within the sector's middle half▼ 22.8%€113,082within the sector's middle half▲ 5.1%€105,906within the sector's middle half▼ 6.3%€23,808below the sector's middle half▼ 77.5%
Debt€144,349▼ 19.2%€149,919▲ 3.9%€145,605▼ 2.9%€147,088▲ 1.0%€170,122▲ 15.7%
Working capital-€40,118below the sector's middle half▲ 36.0%-€53,347below the sector's middle half▼ 33.0%-€47,850below the sector's middle half▲ 10.3%-€54,470below the sector's middle half▼ 13.8%-€150,948below the sector's middle half▼ 177%
Solvency-3.6%below the sector's middle half▲ 11.2pp-39.4%below the sector's middle half▼ 35.8pp-28.8%below the sector's middle half▲ 10.6pp-38.9%below the sector's middle half▼ 10.1pp-614.6%below the sector's middle half▼ 575.7pp
Current ratio0.72within the sector's middle half▲ 0.070.64within the sector's middle half▼ 0.080.67within the sector's middle half▲ 0.030.63within the sector's middle half▼ 0.040.07below the sector's middle half▼ 0.56
Return on assets (ROA)12.9%within the sector's middle half▲ 7.7pp-34.7%below the sector's middle half▼ 47.7pp8.7%within the sector's middle half▲ 43.4pp-8.2%below the sector's middle half▼ 16.9pp-441.6%below the sector's middle half▼ 433.4pp
Staff (FTE)3.9▲ 30.0%
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 €29,203 in 2025 against €7,177 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,808
Fixed assets
€12,534 ▼ 5.7%
Current assets
€11,274 ▼ 87.8%
Key figures and ratios
EBITDA
-€27,150▼
2024 · -€3,187
Cash flow
-€103,079▼
2024 · -€4,670
Quick ratio
0.01▼
2024 · 0.57
Debt to equity
-1.16▲
2024 · -3.57
Interest coverage
-0.36▲
2024 · -1.48
Debt ≤ 1 year
€162,222▲
2024 · €147,088
Staff costs
€220,159▼
2024 · €250,877
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €115,339 | €195,653 | €204,696 | €250,877 | €220,159 | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,638 | €6,448 | €5,280 | €3,990 | €2,053 | ▼ 48.5% |
| Other operating charges640/8 | €40,806 | €2,835 | €3,272 | €1,244 | €3,976 | ▲ 220% |
| Gross operating margin9900 | €183,565 | €190,911 | €224,034 | €248,934 | €196,985 | ▼ 20.9% |
| Operating profit (loss)9901 | €20,783 | -€14,026 | €10,786 | -€7,177 | -€29,203 | ▼ 307% |
| Financial income75/76B | €4,340 | €440 | €1 | €673 | €2 | ▼ 99.7% |
| Recurring financial income75 | €4,340 | €440 | €1 | €673 | €2 | ▼ 99.7% |
| Financial charges65/66B | €6,940 | €23,762 | €944 | €2,156 | €75,931 | ▲ 3,422% |
| Recurring financial charges65 | €6,940 | €23,762 | €944 | €2,156 | €75,931 | ▲ 3,422% |
| Profit (loss) for the period before taxes9903 | €18,183 | -€37,348 | €9,843 | -€8,660 | -€105,132 | ▼ 1,114% |
| Income taxes67/77 | €146 | - | - | - | - | - |
| Profit (loss) for the period9904 | €18,036 | -€37,348 | €9,843 | -€8,660 | -€105,132 | ▼ 1,114% |
| Profit (loss) for the period to be appropriated9905 | €18,036 | -€37,348 | €9,843 | -€8,660 | -€105,132 | ▼ 1,114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,331 | €107,553 | €113,082 | €105,906 | €23,808 | ▼ 77.5% |
| Fixed assets21/28 | €35,099 | €10,981 | €15,327 | €13,287 | €12,534 | ▼ 5.7% |
| Tangible fixed assets22/27 | €17,429 | €10,981 | €6,977 | €4,937 | €4,184 | ▼ 15.3% |
| Plant, machinery and equipment23 | €17,429 | €10,981 | €6,977 | €4,937 | €4,184 | ▼ 15.3% |
| Financial fixed assets28 | €17,670 | - | €8,350 | €8,350 | €8,350 | = |
| Current assets29/58 | €104,231 | €96,572 | €97,755 | €92,619 | €11,274 | ▼ 87.8% |
| Stocks and contracts in progress3 | €9,855 | €10,780 | €9,930 | €9,433 | €10,195 | ▲ 8.1% |
| Stocks30/36 | €9,855 | €10,780 | €9,930 | €9,433 | €10,195 | ▲ 8.1% |
| Amounts receivable within one year40/41 | €91,702 | €82,574 | €82,574 | €82,793 | €302 | ▼ 99.6% |
| Trade receivables40 | €9,128 | - | - | - | - | - |
| Other amounts receivable41 | €82,574 | €82,574 | €82,574 | €82,793 | €302 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €2,675 | €3,218 | €5,252 | €393 | €777 | ▲ 97.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,331 | €107,553 | €113,082 | €105,906 | €23,808 | ▼ 77.5% |
| Equity10/15 | -€5,018 | -€42,366 | -€32,523 | -€41,183 | -€146,314 | ▼ 255% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€25,478 | -€62,826 | -€52,983 | -€61,643 | -€164,914 | ▼ 168% |
| Amounts payable17/49 | €144,349 | €149,919 | €145,605 | €147,088 | €170,122 | ▲ 15.7% |
| Amounts payable within one year42/48 | €144,349 | €149,919 | €145,605 | €147,088 | €162,222 | ▲ 10.3% |
| Financial debts43 | €3,838 | €3,352 | €4,752 | €4,015 | €2,503 | ▼ 37.7% |
| Credit institutions430/8 | €3,838 | €3,352 | €4,752 | €4,015 | €2,503 | ▼ 37.7% |
| Trade debts44 | €24,982 | €48,387 | €63,093 | €59,767 | €77,174 | ▲ 29.1% |
| Suppliers440/4 | €24,982 | €48,387 | €63,093 | €59,767 | €77,174 | ▲ 29.1% |
| Taxes, remuneration and social security45 | €115,529 | €97,990 | €71,568 | €49,310 | €52,230 | ▲ 5.9% |
| Taxes450/3 | €52,972 | €42,847 | €34,546 | €22,757 | €32,773 | ▲ 44.0% |
| Remuneration and social security454/9 | €62,557 | €55,143 | €37,022 | €26,553 | €19,457 | ▼ 26.7% |
| Other amounts payable47/48 | - | €190 | €6,192 | €33,997 | €30,315 | ▼ 10.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7,901 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,036 | -€37,348 | €9,843 | -€8,660 | -€105,132 | ▼ 1,114% |
| + Depreciation and write-downs630 | €6,638 | €6,448 | €5,280 | €3,990 | €2,053 | ▼ 48.5% |
| Operating cash flow (approximation) | €24,674 | -€30,899 | €15,124 | -€4,670 | -€103,079 | ▼ 2,107% |
| Investment in fixed assets (approximation) | - | €17,670 | -€9,626 | -€1,950 | -€1,300 | ▲ 33.3% |
| Change in cash | - | €544 | €2,033 | -€4,858 | €384 | ▲ 108% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
23-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement (SME) · event 17-06-2026
2025
31-12
Financial
Weakest financial yearnet -€105,132
Net result drops to -€105,132, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,843
Net result €9,843 after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Highest result since 2018net €18,036 ▲121%
Operating result €20,783, net result €18,036, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €788
Net result €788 after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
17-04
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 12-04-2019
14-01
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 08-01-2019
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 66 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Antwerpen · 1 establishment unit since 2013
Ground area
129 m²
Building footprint
129 m²
Volume, LiDAR
2,188 m³
Parcel 11002A0036/00H000, Flanders · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
CUCCINA 48
since 20132.217.814.136
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0036/00H000 | Flanders | 129 m² | 1 · 129 m² | 19.0 m · 6 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 siteAntwerpen2.217.814.136
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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 20,505 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846094871
Also
9925:BE0846094871
Registered
24-11-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.