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POTALA

Active
Private limited companyfounded 2023active for 3 yearsKoning Ridderdijk 44 K, 8434 Middelkerke, BelgiumKBO/BCE: BE 0802.650.749

Financials · financial year 2025, micro format

2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391893.

Annual accounts 2025 filed on 07-08-2026 at the NBB all 2 filings

Turnover
≈ €620,000
Estimated: probably between €520,000 and €750,000
Total assets
€505,037▲ 4.2%
2024 · €484,803
Net result
€34,760▲ 52.2%
2024 · €22,841
Working capital
-€22,668▲ 54.1%
2024 · -€49,373
Multi-year overview
2024 to 2025, 2 financial years
Operating result
€64,507
▲ 83.4% 2025
20242025
Net result
€34,760
▲ 52.2% 2025
highest quarter of the sector
20242025
Equity
€77,601
▲ 81.1% 2025
middle half of the sector
20242025
Total assets
€505,037
▲ 4.2% 2025
highest quarter of the sector
20242025
Debt
€427,436
▼ 3.3% 2025
20242025
Working capital
-€22,668
▲ 54.1% 2025
middle half of the sector
20242025
Solvency
15.4%
▲ 6.5pp 2025
middle half of the sector
20242025
Current ratio
0.72
▲ 0.47 2025
middle half of the sector
20242025
Return on assets (ROA)
6.9%
▲ 2.2pp 2025
middle half of the sector
20242025
Staff (FTE)
2.9
▲ 7.4% 2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€35,164-€64,507▲ 83.4%
Net result€22,841within the sector's middle half-€34,760above the sector's middle half▲ 52.2%
Equity€42,841within the sector's middle half-€77,601within the sector's middle half▲ 81.1%
Total assets€484,803above the sector's middle half-€505,037above the sector's middle half▲ 4.2%
Debt€441,963-€427,436▼ 3.3%
Working capital-€49,373below the sector's middle half--€22,668within the sector's middle half▲ 54.1%
Solvency8.8%within the sector's middle half-15.4%within the sector's middle half▲ 6.5pp
Current ratio0.25below the sector's middle half-0.72within the sector's middle half▲ 0.47
Return on assets (ROA)4.7%within the sector's middle half-6.9%within the sector's middle half▲ 2.2pp
Staff (FTE)2.7-2.9▲ 7.4%
above within below 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 operating result for 2025 is 83% higher than in 2024.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,037
Fixed assets €446,922 ▼ 4.5%
Current assets €58,115 ▲ 250%
Equity and liabilities €505,037
Equity €77,601 ▲ 81.1%
Debt €427,436 ▼ 3.3%
Debt's share of the balance-sheet total falls from 91.2% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€95,114▲
2024 · €67,441
Cash flow
€65,367▲
2024 · €55,118
Quick ratio
0.71▲
2024 · 0.24
Debt to equity
5.51▼
2024 · 10.32
ROE
44.8%▼
2024 · 53.3%
Interest coverage
5.84▼
2024 · 18.54
Debt ≤ 1 year
€80,783▲
2024 · €65,957
Debt > 1 year
€346,653▼
2024 · €376,006
Income taxes
€13,455▲
2024 · €9,273
Staff costs
€111,351▼
2024 · €116,701
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202431-12-2025
Employees at the balance-sheet date44
full-time43
part-time-1
in full-time equivalents43.8
Average over the year, in full-time equivalents2.72.9
On a permanent contract22
Joined15369
Left14969

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€411,496€9,311
Intangible fixed assets€89,000-
Depreciation and write-downs of the year€32,277€30,607

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€484,803€505,037▲
Fixed assets21/28€468,219€446,922▼
Intangible fixed assets21€62,251€44,451▼
Tangible fixed assets22/27€405,967€402,471▼
Land and buildings22€394,025€385,730▼
Plant, machinery and equipment23€11,657€16,533▲
Furniture and vehicles24€285€207▼
Current assets29/58€16,585€58,115▲
Stocks and contracts in progress3€1,000€1,000=
Stocks30/36€1,000€1,000=
Amounts receivable within one year40/41€7,883€3,866▼
Trade receivables40€3,658€3,866▲
Other amounts receivable41€4,225-
Cash at bank and in hand54/58€7,702€51,507▲
Deferred charges and accrued income490/1-€1,742
Equity and liabilities
Total equity and liabilities10/49€484,803€505,037▲
Equity10/15€42,841€77,601▲
Contributions10/11€20,000€20,000=
Reserves13€22,727€57,273▲
Distributable reserves133€22,727€57,273▲
Profit (loss) carried forward14€113€328▲
Amounts payable17/49€441,963€427,436▼
Amounts payable after more than one year17€376,006€346,653▼
Financial debts170/4€376,006€346,653▼
Amounts payable within one year42/48€65,957€80,783▲
Current portion of amounts payable after more than one year42€25,062€30,316▲
Trade debts44€6,174€16,968▲
Suppliers440/4€6,174€16,968▲
Taxes, remuneration and social security45€30,006€28,198▼
Taxes450/3€12,877€17,533▲
Remuneration and social security454/9€17,130€10,664▼
Other amounts payable47/48€4,714€5,302▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€537,706-
Remuneration, social security and pensions62€116,701€111,351▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,277€30,607▼
Other operating charges640/8€6,109€6,773▲
Gross operating margin9900€190,251€213,239▲
Operating profit (loss)9901€35,164€64,507▲
Financial income75/76B€588€4▼
Recurring financial income75€1€4▲
Non-recurring financial income76B€587-
Financial charges65/66B€3,638€16,296▲
Recurring financial charges65€3,638€16,296▲
Profit (loss) for the period before taxes9903€32,113€48,215▲
Income taxes67/77€9,273€13,455▲
Profit (loss) for the period9904€22,841€34,760▲
Profit (loss) for the period to be appropriated9905€22,841€34,760▲
Appropriation of the result
Profit (loss) to be appropriated9906€22,841€34,873▲
Profit (loss) brought forward from the previous period14P-€113
Transfer to equity691/2€22,727€34,545▲
To other reserves6921€22,727€34,545▲

The notes to these accounts have 9 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 07-08-2026.

Line20242025Change
Goods, raw materials, services and sundry goods60/61€537,706--
Remuneration, social security and pensions62€116,701€111,351▼ 4.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,277€30,607▼ 5.2%
Other operating charges640/8€6,109€6,773▲ 10.9%
Gross operating margin9900€190,251€213,239▲ 12.1%
Operating profit (loss)9901€35,164€64,507▲ 83.4%
Financial income75/76B€588€4▼ 99.4%
Recurring financial income75€1€4▲ 185%
Non-recurring financial income76B€587--
Financial charges65/66B€3,638€16,296▲ 348%
Recurring financial charges65€3,638€16,296▲ 348%
Profit (loss) for the period before taxes9903€32,113€48,215▲ 50.1%
Income taxes67/77€9,273€13,455▲ 45.1%
Profit (loss) for the period9904€22,841€34,760▲ 52.2%
Profit (loss) for the period to be appropriated9905€22,841€34,760▲ 52.2%
Line20242025Change
Assets
Total assets20/58€484,803€505,037▲ 4.2%
Fixed assets21/28€468,219€446,922▼ 4.5%
Intangible fixed assets21€62,251€44,451▼ 28.6%
Tangible fixed assets22/27€405,967€402,471▼ 0.9%
Land and buildings22€394,025€385,730▼ 2.1%
Plant, machinery and equipment23€11,657€16,533▲ 41.8%
Furniture and vehicles24€285€207▼ 27.2%
Current assets29/58€16,585€58,115▲ 250%
Stocks and contracts in progress3€1,000€1,000=
Stocks30/36€1,000€1,000=
Amounts receivable within one year40/41€7,883€3,866▼ 51.0%
Trade receivables40€3,658€3,866▲ 5.7%
Other amounts receivable41€4,225--
Cash at bank and in hand54/58€7,702€51,507▲ 569%
Deferred charges and accrued income490/1-€1,742-
Equity and liabilities
Total equity and liabilities10/49€484,803€505,037▲ 4.2%
Equity10/15€42,841€77,601▲ 81.1%
Contributions10/11€20,000€20,000=
Reserves13€22,727€57,273▲ 152%
Distributable reserves133€22,727€57,273▲ 152%
Profit (loss) carried forward14€113€328▲ 189%
Amounts payable17/49€441,963€427,436▼ 3.3%
Amounts payable after more than one year17€376,006€346,653▼ 7.8%
Financial debts170/4€376,006€346,653▼ 7.8%
Amounts payable within one year42/48€65,957€80,783▲ 22.5%
Current portion of amounts payable after more than one year42€25,062€30,316▲ 21.0%
Trade debts44€6,174€16,968▲ 175%
Suppliers440/4€6,174€16,968▲ 175%
Taxes, remuneration and social security45€30,006€28,198▼ 6.0%
Taxes450/3€12,877€17,533▲ 36.2%
Remuneration and social security454/9€17,130€10,664▼ 37.7%
Other amounts payable47/48€4,714€5,302▲ 12.5%
Line20242025Change
Profit (loss) for the period9904€22,841€34,760▲ 52.2%
+ Depreciation and write-downs630€32,277€30,607▼ 5.2%
Operating cash flow (approximation)€55,118€65,367▲ 18.6%
Investment in fixed assets (approximation)--€9,311-
Change in cash-€43,805-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,976 companies had the same profile as POTALA has now. Two years later, 94.3% were still going and 3.6% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
94.3% was still going
1.8% stopped otherwise
3.6% went bankrupt

Another 0.3% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of POTALA itself: 1.8% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 7,976 companies, not a prediction for POTALA. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 07-08-2026 2026-00391893 PDF
31-12-2024 micro format 04-08-2025 2025-00354900 PDF

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