R12
ActiveSummary
The computed 12-month bankruptcy probability of R12 is 1.7% (moderate). The 2025 annual accounts show equity of €38k and a net result of €39k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 13417 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency56▼-9
Growth50=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.53 in 2024; short-term debt: 68.8% and cash: 73.5% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Five 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 · 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
31.2%
Return on assets
31.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €38k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 9 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
20 d late
2022
76 d early
2021
27 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€333k▲ 10.9%
2021 · €300k
EBIT margin
4.7%▲ 0.8pp
2021 · 3.9%
Net result
€39k▼ 7.0%
2024 · €42k
Working capital
€25k▼ 15.9%
2024 · €30k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€300k€333k▲ 10.9%
Operating result€12k▲ 274%€16k▲ 33.6%€39k▲ 146%€49k▲ 27.4%€64k▲ 31.1%
Net result€8k▲ 797%€11k▲ 44.4%€29k▲ 163%€42k▲ 42.2%€39k▼ 7.0%
EBIT margin3.9%4.7%▲ 0.8pp
Equity€71k▲ 12.2%€22k▼ 69.3%€21k▼ 3.7%€37k▲ 79.2%€38k▲ 1.7%
Total assets€122k▲ 10.1%€121k▼ 0.6%€83k▼ 31.4%€94k▲ 12.6%€122k▲ 30.1%
Debt€51k▲ 7.3%€99k▲ 93.8%€62k▼ 37.4%€56k▼ 9.8%€84k▲ 48.9%
Working capital€50k▲ 13.8%€49k▼ 1.7%€9k▼ 81.3%€30k▲ 220%€25k▼ 15.9%
Staff (FTE)1.4▼ 50.0%1.5▲ 7.1%1.7▲ 13.3%1.4▼ 17.6%1▼ 28.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€13k ▲ 63.9%
Current assets
€108k ▲ 26.9%
Equity and liabilities €122k
Equity
€38k ▲ 1.7%
Debt
€84k ▲ 48.9%
Debt's share of the balance-sheet total rises from 60.0% to 68.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€70k▲
2024 · €54k
Cash flow
€44k▼
2024 · €47k
Current ratio
1.30▼
2024 · 1.53
Quick ratio
1.28▼
2024 · 1.49
Debt to equity
2.20▲
2024 · 1.50
ROE
101.7%▼
2024 · 111.1%
ROA
31.8%▼
2024 · 44.4%
Interest coverage
29.82▲
2024 · 21.25
Debt ≤ 1 year
€84k▲
2024 · €56k
Income taxes
€23k▲
2024 · €5k
Staff costs
€44k▼
2024 · €66k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €300k | €333k | - | - | - | - |
| Non-recurring operating income76A | - | - | €2k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €244k | €252k | - | - | - | - |
| Remuneration, social security and pensions62 | €47k | €59k | €69k | €66k | €44k | ▼ 33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €10k | €7k | €5k | €5k | ▼ 2.0% |
| Other operating charges640/8 | €2k | €1k | €1k | €5k | €1k | ▼ 73.7% |
| Non-recurring operating charges66A | - | €152 | €389 | - | - | - |
| Gross operating margin9900 | €68k | €86k | €116k | €126k | €115k | ▼ 8.5% |
| Operating profit (loss)9901 | €12k | €16k | €39k | €49k | €64k | ▲ 31.1% |
| Financial income75/76B | €0 | - | - | €0 | - | - |
| Recurring financial income75 | €0 | - | - | €0 | - | - |
| Financial charges65/66B | €2k | €990 | €1k | €3k | €2k | ▼ 11.8% |
| Recurring financial charges65 | €2k | €990 | €1k | €3k | €2k | ▼ 8.8% |
| Non-recurring financial charges66B | - | - | - | €126 | €35 | ▼ 72.3% |
| Profit (loss) for the period before taxes9903 | €10k | €15k | €37k | €46k | €62k | ▲ 33.6% |
| Income taxes67/77 | €2k | €4k | €8k | €5k | €23k | ▲ 372% |
| Profit (loss) for the period9904 | €8k | €11k | €29k | €42k | €39k | ▼ 7.0% |
| Profit (loss) for the period to be appropriated9905 | €8k | €11k | €29k | €42k | €39k | ▼ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122k | €121k | €83k | €94k | €122k | ▲ 30.1% |
| Fixed assets21/28 | €26k | €23k | €12k | €8k | €13k | ▲ 63.9% |
| Intangible fixed assets21 | €7k | €5k | €4k | €2k | €576 | ▼ 72.3% |
| Tangible fixed assets22/27 | €19k | €18k | €8k | €6k | €12k | ▲ 119% |
| Furniture and vehicles24 | €7k | €9k | €1k | €2k | €11k | ▲ 553% |
| Other tangible fixed assets26 | €12k | €9k | €7k | €4k | €1k | ▼ 68.3% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €96k | €98k | €71k | €85k | €108k | ▲ 26.9% |
| Stocks and contracts in progress3 | €3k | €2k | €2k | €2k | €1k | ▼ 44.6% |
| Stocks30/36 | €3k | €2k | €2k | €2k | €1k | ▼ 44.6% |
| Amounts receivable within one year40/41 | €3k | €362 | €447 | €1k | €15k | ▲ 978% |
| Other amounts receivable41 | €3k | €362 | €447 | €1k | €15k | ▲ 978% |
| Cash at bank and in hand54/58 | €89k | €94k | €67k | €80k | €89k | ▲ 12.2% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €2k | €3k | ▲ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122k | €121k | €83k | €94k | €122k | ▲ 30.1% |
| Equity10/15 | €71k | €22k | €21k | €37k | €38k | ▲ 1.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €50k | €1k | €445 | €17k | €18k | ▲ 3.7% |
| Amounts payable17/49 | €51k | €99k | €62k | €56k | €84k | ▲ 48.9% |
| Amounts payable after more than one year17 | €5k | - | - | - | - | - |
| Financial debts170/4 | €5k | - | - | - | - | - |
| Amounts payable within one year42/48 | €45k | €48k | €62k | €56k | €84k | ▲ 49.4% |
| Current portion of amounts payable after more than one year42 | €8k | €5k | - | - | - | - |
| Trade debts44 | €22k | €19k | €13k | €19k | €27k | ▲ 42.2% |
| Suppliers440/4 | €22k | €19k | €13k | €19k | €27k | ▲ 42.2% |
| Taxes, remuneration and social security45 | €16k | €24k | €24k | €16k | €18k | ▲ 18.1% |
| Taxes450/3 | €9k | €17k | €14k | €8k | €13k | ▲ 71.7% |
| Remuneration and social security454/9 | €7k | €7k | €9k | €8k | €5k | ▼ 36.7% |
| Other amounts payable47/48 | - | - | €26k | €21k | €38k | ▲ 78.8% |
| Accrued charges and deferred income492/3 | €702 | €51k | - | €186 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €11k | €29k | €42k | €39k | ▼ 7.0% |
| + Depreciation and write-downs630 | €8k | €10k | €7k | €5k | €5k | ▼ 2.0% |
| Operating cash flow (approximation) | €15k | €21k | €36k | €47k | €44k | ▼ 6.4% |
| Investment in fixed assets (approximation) | - | €-7k | €5k | €-2k | €-10k | ▼ 532% |
| Change in cash | - | €5k | €-27k | €13k | €10k | ▼ 22.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2018net €42k ▲42.2%
Net result €42k, the highest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €858 ▼72.9%
Net result drops to €858, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Chaudfontaine · 1 establishment unit since 2016
Ground area
847 m²
Parcel 62022A0261/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
R12
since 20162.252.453.727
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022A0261/00F002 | Wallonia | 847 m² | - | - |
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 siteLiège2.252.453.727
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,674 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
Founded18-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.