Restaurant la Forge
ActiveThe computed 12-month bankruptcy probability of Restaurant la Forge is 3.7% (moderate). The 2025 annual accounts show equity of €81k and a net result of €76k. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 3614 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency11▼-43
Growth78=
Stability94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.61 against 1.06 in 2024), and 86.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
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
13.1%
Return on assets
12.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
on the day
2023
16 d late
2022
30 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€81k▼ 51.9%
2024 · €168k
2022: €28k
2023: €72k
2024: €168k
2022 → 2025
Total assets
€616k▲ 22.6%
2024 · €502k
2022: €165k
2023: €331k
2024: €502k
2022 → 2025
Net result
€76k▼ 21.0%
2024 · €96k
2022: €23k
2023: €44k
2024: €96k
2022 → 2025
Working capital
€-139k
2024 · €12k
2022: €-48k
2023: €-38k
2024: €12k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€72k▲ 159%€168k▲ 133%€81k▼ 51.9%
Operating result€31k-€64k▲ 105%€129k▲ 101%€102k▼ 20.6%
Net result€23k-€44k▲ 93.4%€96k▲ 117%€76k▼ 21.0%
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 falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616k
Fixed assets
€397k▲ 31.1%
Current assets
€218k▲ 9.6%
Equity and liabilities €616k
Equity
€81k▼ 51.9%
Debt
€535k▲ 59.9%
The debt ratio rises from 66.6% to 86.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€137k▼
2024 · €165k
Cash flow
€110k▼
2024 · €132k
Solvency
13.1%▼
2024 · 33.4%
Current ratio
0.61▼
2024 · 1.06
Quick ratio
0.56▼
2024 · 0.98
Debt / equity
6.64▲
2024 · 2.00
ROE
93.8%▲
2024 · 57.1%
ROA
12.3%▼
2024 · 19.1%
Interest coverage
14.49▼
2024 · 22.70
Debt
€535k▲
2024 · €335k
Debt ≤ 1 year
€358k▲
2024 · €187k
Debt > 1 year
€178k▲
2024 · €147k
Income taxes
€18k▼
2024 · €26k
Staff costs
€272k▲
2024 · €254k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€502k€616k▲
Fixed assets21/28€303k€397k▲
Tangible fixed assets22/27€303k€397k▲
Land and buildings22€99k€99k=
Plant, machinery and equipment23€22k€16k▼
Furniture and vehicles24€17k€21k▲
Leasing and similar rights25€2k€35▼
Other tangible fixed assets26€163k€261k▲
Financial fixed assets28€200€200=
Current assets29/58€199k€218k▲
Stocks and contracts in progress3€15k€17k▲
Stocks30/36€15k€17k▲
Amounts receivable within one year40/41€20k€34k▲
Trade receivables40€17k€22k▲
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€164k€167k▲
Deferred charges and accrued income490/1€270€281▲
Equity and liabilities
Total equity and liabilities10/49€502k€616k▲
Equity10/15€168k€81k▼
Contributions10/11€5k€5k=
Reserves13€163k€76k▼
Distributable reserves133€163k€76k▼
Amounts payable17/49€335k€535k▲
Amounts payable after more than one year17€147k€178k▲
Financial debts170/4€147k€178k▲
Amounts payable within one year42/48€187k€358k▲
Current portion of amounts payable after more than one year42€16k€31k▲
Trade debts44€74k€96k▲
Suppliers440/4€74k€96k▲
Advances received on contracts in progress46€10k€10k▲
Taxes, remuneration and social security45€81k€111k▲
Taxes450/3€53k€79k▲
Remuneration and social security454/9€28k€32k▲
Other amounts payable47/48€6k€109k▲
Income statement
Code20242025
Remuneration, social security and pensions62€254k€272k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€35k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€421k€411k▼
Operating profit (loss)9901€129k€102k▼
Financial income75/76B€278€1k▲
Recurring financial income75€278€1k▲
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€122k€94k▼
Income taxes67/77€26k€18k▼
Profit (loss) for the period9904€96k€76k▼
Profit (loss) for the period to be appropriated9905€96k€76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€96k€76k▼
Transfer from equity791/2-€163k
Transfer to equity691/2€96k€76k▼
To other reserves6921€96k€76k▼
Profit to be distributed694/7-€163k
Return on contributions (dividend)694-€163k
Social balance
Average headcount (FTE)9087-8.1
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €96k ▲117%
Operating result €129k, net result €96k, both a record.
31-12
Financial
Equity above €150kEq €168k ▲133%
3 profitable years in a row build equity to €168k.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 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, Ellezelles · 1 establishment unit since 2021
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.
Warte 17890 EllezellesGround area
829 m²
Building footprint
108 m²
Volume, LiDAR
834 m³
Parcel 51038B0334/00K000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Restaurant la Forge
since 20212.325.425.540
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51038B0334/00K000 | Wallonia | 829 m² | 1 · 108 m² | 9.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEllezelles2.325.425.540
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,311. 9,643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.