Red, White & Sparkling
ActiveThe computed 12-month bankruptcy probability of Red, White & Sparkling is 4.7% (elevated). The 2024 annual accounts show negative equity (€-43k) and a net result of €64k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 18942 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability99▲+99
Solvency9▲+9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.28 in 2023; short-term debt: 69% and cash: 16.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-16.2%
Return on assets
24.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 18942 sector peers (2024).
NBB · sector comparisonPosition among 18942 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
56 d late
2022
59 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-43k▲ 60.0%
2023 · €-107k
2021: €56k
2022: €-15k
2023: €-107k
2021 → 2024
Total assets
€265k=
2023 · €265k
2021: €454k
2022: €379k
2023: €265k
2021 → 2024
Net result
€64k
2023 · €-92k
2021: €51k
2022: €-72k
2023: €-92k
2021 → 2024
Working capital
€-89k▲ 42.4%
2023 · €-154k
2021: €3k
2022: €-71k
2023: €-154k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€56k-€-15k€-107k▼ 605%€-43k▲ 60.0%
Operating result€66k-€-65k€-87k▼ 32.9%€76k
Net result€51k-€-72k€-92k▼ 28.4%€64k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €76k after a loss of €87k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265k
Fixed assets
€171k▼ 16.7%
Current assets
€94k▲ 57.3%
Key figures and ratios
EBITDA
€123k▲
2023 · €-42k
Cash flow
€111k▲
2023 · €-47k
Solvency
-16.2%▲
2023 · -40.4%
Current ratio
0.51▲
2023 · 0.28
Quick ratio
0.28▲
2023 · 0.14
Debt / equity
-7.19▼
2023 · -3.48
ROA
24.2%▲
2023 · -34.7%
Interest coverage
24.56▲
2023 · -7.22
Debt
€308k▼
2023 · €372k
Debt ≤ 1 year
€183k▼
2023 · €214k
Debt > 1 year
€122k▼
2023 · €155k
Income taxes
€7k▲
2023 · €496
Staff costs
€173k▼
2023 · €212k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€265k€265k=
Fixed assets21/28€205k€171k▼
Intangible fixed assets21€168k€142k▼
Tangible fixed assets22/27€37k€28k▼
Land and buildings22€6k€8k▲
Plant, machinery and equipment23€6k€6k▲
Furniture and vehicles24€25k€14k▼
Financial fixed assets28€550€550=
Current assets29/58€60k€94k▲
Stocks and contracts in progress3€30k€42k▲
Stocks30/36€30k€42k▲
Amounts receivable within one year40/41€8k€6k▼
Trade receivables40€8k€6k▼
Cash at bank and in hand54/58€19k€43k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€265k€265k=
Equity10/15€-107k€-43k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-112k€-48k▲
Amounts payable17/49€372k€308k▼
Amounts payable after more than one year17€155k€122k▼
Financial debts170/4€155k€122k▼
Amounts payable within one year42/48€214k€183k▼
Current portion of amounts payable after more than one year42€33k€33k▲
Trade debts44€61k€40k▼
Suppliers440/4€61k€40k▼
Advances received on contracts in progress46€1k€1k▲
Taxes, remuneration and social security45€39k€42k▲
Taxes450/3€18k€18k▲
Remuneration and social security454/9€22k€24k▲
Other amounts payable47/48€80k€67k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€212k€173k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€47k▲
Other operating charges640/8€11k€7k▼
Non-recurring operating charges66A€54k-
Gross operating margin9900€236k€302k▲
Operating profit (loss)9901€-87k€76k▲
Financial income75/76B€888€0▼
Recurring financial income75€888€0▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€-91k€71k▲
Income taxes67/77€496€7k▲
Profit (loss) for the period9904€-92k€64k▲
Profit (loss) for the period to be appropriated9905€-92k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-112k€-48k▲
Profit (loss) brought forward from the previous period14P€-20k€-112k▼
Social balance
Average headcount (FTE)90873.5-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
31-12
Financial
Back to profitnet €64k
Net result €64k after 2 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalst · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vredeplein 39300 AalstGround area
97 m²
Building footprint
97 m²
Volume, LiDAR
736 m³
Parcel 41002A0108/00G000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Piazza
since 20202.300.673.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A0108/00G000 | Flanders | 97 m² | 1 · 97 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 371 EUR awarded · 371 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 371 EUR | 371 EUR |
Schemes
Energiesteun 2 (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.300.673.318
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DENDERDAL
BE 0731.685.252
Aalst · Eq €56k
Barkeepers
BE 0723.870.121
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LA VERDURE
BE 0632.616.875
Schaarbeek · Eq €57k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-2020
Fiscal year end31-12
Abbreviation NL
RW&S
Activities, NACEBEL
56301Cafés and bars
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.