Losses
-€14,704 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
RED CUP
Lifetime
3 annual accounts with figures on one time axispeak €35,139 (2023)
-€979▼ €11,900
lowest -€13,850 (2025)
-€13,850▼ €12,997
peak €19,199 (2023)
€4,495▼ 75.5%
€5,102▼ 80.6%
Board2 names since 2022
1 directorREFOJOS-BARREIRA Lionel
Documentsfilings and deeds
09-10-202670 days late
2025micro format
Gross margin from €10,921 to -€979Loss of €13,850Equity from €18,346 to €4,495Debts from €26,311 to €5,102Cash from €12,333 to €4,988
Key points
from the 2025 annual accountsLiquidity
1.88 was 1.05 in 2024
Short-term debts fell from €26,311 to €5,102.
Filings
3 annual accounts 70 days
Latest accounts filed late: after the legal deadline.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 40% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%
01-2025: 3.1%▼ -0.1 percentage points vs 12-2024
02-2025: 3.1%● unchanged vs 01-2025
03-2025: 3.2%▲ +0.1 percentage points vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.2%● unchanged vs 04-2025
06-2025: 3.2%● unchanged vs 05-2025
07-2025: 3.2%● unchanged vs 06-2025
08-2025: 4.1%▲ +0.9 percentage points vs 07-2025
09-2025: 4.4%▲ +0.3 percentage points vs 08-2025
10-2025: 5.2%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 4.1%▼ -1.1 percentage points vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 3.6%▼ -0.5 percentage points vs 12-2025
02-2026: 3.6%● unchanged vs 01-2026
03-2026: 3.6%● unchanged vs 02-2026
04-2026: 3.6%● unchanged vs 03-2026
05-2026: 3.7%▲ +0.1 percentage points vs 04-2026
06-2026: 3.7%● unchanged vs 05-2026
07-2026: 3.8%▲ +0.1 percentage points vs 06-2026
08-2026: 4.7%▲ +0.9 percentage points vs 07-2026
09-2026: 5.1%▲ +0.4 percentage points vs 08-2026
10-2026: 2.2%▼ -2.9 percentage points vs 09-2026lowest value
11-2026: 2.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 70 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
Founded in 2022
lowers risk
Liquidity: current ratio 1.88, cash €4,988, halved
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 65% of them on solvency, 77% on liquidity, 8% on profitability and 10% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as RED CUP has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RED CUP itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 3,223 companies, not a prediction for RED CUP. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.88 (1.05 in 2024), above the usual 1.5. Short-term debt is 53.2% and cash 52% of total assets. However, 53.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
232425
2023 to 2025 · latest year -€13,850
raises risk · 2025 accounts filed 70 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-10-2026, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
70 days late
2024
88 days late
2023
62 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 73 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 October (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN DEN DYCKE Arnaud Fabien founderdeed of 28-04-2022
- LEROY Kevin founderdeed of 28-04-2022
- REFOJOS-BARREIRA Lionel founderdeed of 28-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0785403258
Resignation: Laurent Alisson (director)
Director discharge: Laurent Alisson · General meeting of 30-06-2022 · Gazette deed
Appointment: Laurent Alisson (director)
General meeting of 04-05-2022 · Gazette deed
Incorporation
Founding capital of €9,000, 120 shares · Founders: VAN DEN DYCKE Arnaud Fabien, LEROY Kevin and REFOJOS-BARREIRA Lionel · Appointment: REFOJOS-BARREIRA Lionel (director) · published on 28-04-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RED CUP Charleroi | €9,597 | -€979 | 46.8% | - |
| GIVE LIFE Brugelette | €9,895 | -€2,737 | 61.1% | - |
| BIBUS Tubize | €9,617 | -€2,950 | 57.9% | - |
| Crossroads Antwerp Antwerp | €8,387 | -€37,184 | -538.6% | - |
| Elcali Herselt | €8,513 | -€7,464 | 54.4% | - |
| THIKY Holsbeek | €8,179 | -€1,017 | -508.9% | - |
| CHR CONCEPT BY CARPE DIEM Sint-Gillis (bij-Brussel) | €8,480 | €210 | 70.3% | - |
These companies have the same main activity as RED CUP: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €8,180 and €9,900, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 26-04-2022Normal situation
- Activity
- Cafés and barsNACE 56301
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.330.897.1326000 Charleroi, since 26-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Insights on RED CUP
RED CUP files the micro format. That format states no turnover. The gross margin fell from €35,139 in 2023 to -€979 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RED CUP
- What is the company number of RED CUP?
- The company number of RED CUP is 0785.403.258. The VAT number is the same number with BE in front: BE 0785.403.258.
- Where is RED CUP based?
- The registered office is at Place de la Digue 1, 6000 Charleroi.Company details
- What does RED CUP do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of RED CUP?
- RED CUP is a private limited company (BV).
- When was RED CUP founded?
- RED CUP was founded on 26-04-2022.
- Is RED CUP still active?
- Yes, RED CUP is an active enterprise in the KBO register.
- How many employees does RED CUP have?
- RED CUP had an average of 0.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does RED CUP fall under?
- In its 2025 annual accounts, RED CUP states joint committee 302 (Hotels and catering).
- What is the turnover of RED CUP?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is RED CUP profitable?
- In financial year 2025, RED CUP made a loss of €13,850.
- Where can I find the annual accounts of RED CUP?
- RED CUP filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RED CUP due?
- RED CUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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