Equity
€515,389 ▲ 3.0%
RESTARIC has made a profit in every financial year since 2019.
RESTARIC
Lifetime
6 annual accounts with figures on one time axispeak €706,037 (2019)
€518,461▼ 25.8%
peak €142,889 (2021)
€14,122▼ 88.8%
peak €515,389 (2024)
€515,389▲ 3.0%
€334,919▲ 18.6%
peak 14.6 FTE (2023)
10.9 FTE▼ 25.3%
Board1 name since 2023
1 directorSpeeckaert Johan
Documentsfilings and deeds
10-10-202571 days late
2024abbreviated format
Gross margin from €698,905 to €518,461Result from €126,196 to €14,122Staff from 14.6 FTE to 10.9 FTEDebts from €282,449 to €334,919
Key points
from the 2024 annual accountsResult
€14,122 ▼ 88.8%
The result fell in 2024 from €126,196 to €14,122.
Turnover
≈ €1.2m estimated
The accounts state no turnover.
Staff
10.9 FTE from 19.9 in 2022
Between 2022 and 2024, 45% of the full-time equivalents disappeared.
Filings
6 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€515,389
More equity than 82% of companies in food and beverage service. Sector median €137,711 · 2,939 companies.
Checked score
53
Fair
Financially stronger than 66% of small companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025lowest value
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 2.1%▲ +0.7 percentage points vs 09-2025
11-2025: 1.0%▼ -1.1 percentage points vs 10-2025
12-2025: 0.9%▼ -0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%▲ +0.3 percentage points vs 07-2026
09-2026: 1.5%▲ +0.3 percentage points vs 08-2026
10-2026: 2.7%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 2.7%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 13-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 71 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 2.37, cash €299,139
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, small). It does better than 84% of them on solvency, 90% on liquidity, 40% on profitability and 49% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
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, 1,639 companies had the same profile as RESTARIC has now. Each dot stands for 5 companies, two years later.
95.5%
were still trading
3.7%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of RESTARIC itself is higher: 2.7% within 12 months. It rests on far more data about RESTARIC than the profile alone.
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 1,639 companies, not a prediction for RESTARIC. 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
Credit of up to €25,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 2.37 (2.56 in 2023), above the usual 1.5. Short-term debt is 33.3% and cash 35.2% of total assets. 39.4% 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 · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 71 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 6 filingsDeviation from the deadline
2025
not filed
2024
71 days late
2023
89 days late
2022
109 days late
2021
109 days late
2020
179 days late
2019
171 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 121 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 (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694731222
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Bredene
Incorporation
published on 17-04-2018 · Gazette deed
First establishment
LAUTREC, Kapelstraat 39, Bredene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RESTARIC Bredene | €0.9m | €518,461 | 60.6% | 10.9 |
| L'Horreum Braine-le-Comte | €0.9m | €575,557 | 10.7% | 10.4 |
| DEVMAT Bruges | €0.7m | €695,570 | 75.0% | 13.2 |
| Brexit TNOT Koksijde | €1.0m | €701,111 | 23.0% | 8.6 |
| MAEMCO Deerlijk | €0.9m | €504,231 | 56.4% | 8.5 |
| MEIRCLA INVEST Bruges | €0.7m | €512,490 | 26.0% | 11.1 |
| MATHILDA Ostend | €1.0m | €843,153 | 71.6% | 11 |
These companies have the same main activity as RESTARIC: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €651,000 and €1m, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 13-04-2018Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.275.132.2288450 Bredene, since 13-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Annual accounts 2024
- €850,308▲ 8.6%
- Employeeson 31-12-2024
- 10▼ 54.5%
- Filing
- Filed on 10-10-2025
Insights on RESTARIC
RESTARIC files the abbreviated format. That format states no turnover. The gross margin fell from €706,037 in 2019 to €518,461 in 2024.
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 RESTARIC
- What is the company number of RESTARIC?
- The company number of RESTARIC is 0694.731.222. The VAT number is the same number with BE in front: BE 0694.731.222.
- Where is RESTARIC based?
- The registered office is at Kapelstraat 39, 8450 Bredene.Company details
- What does RESTARIC do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of RESTARIC?
- RESTARIC is a private limited company (pre-2019) (BVBA).
- When was RESTARIC founded?
- RESTARIC was founded on 13-04-2018.
- Is RESTARIC still active?
- Yes, RESTARIC is an active enterprise in the KBO register.
- How many employees does RESTARIC have?
- RESTARIC had an average of 10.9 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of RESTARIC?
- The turnover in financial year 2024 is ≈ €1.2m. This figure is estimated from the gross margin of €518,461 and 41 comparable companies (NACE 56111). It probably lies between €1.1m and €1.7m.
- Is RESTARIC profitable?
- In financial year 2024, RESTARIC made a profit of €14,122.
- Where can I find the annual accounts of RESTARIC?
- RESTARIC filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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