Equity
Equity fell by 89% in 6 years.
Equity fell by 89% in 6 years.
Of this, €880,434 falls due within a year.
Green is investment, beige is depreciation.
In 2025, 169 people joined and 172 left.
Seven of the last ten came late. The 2019 accounts came latest: 108 days after the end of the period.
Higher net result than 93% of companies in food and beverage service. Sector median €10,388 · 4,805 companies.
The dashed line is the sector median: 0.9% across 1,619 companies (NACE 56, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 21% of them on solvency, 42% on liquidity, 65% on profitability and 18% on growth.
The bankruptcy probability was computed on 04-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 496 companies had the same profile as RESTAURANT LEO has now. Each dot is one company, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RESTAURANT LEO itself: 1.0% within 12 months.
The method was tested on the 497,446 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 496 companies, not a prediction for RESTAURANT LEO. 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.
Liquidity is insufficient, with a current ratio of 0.52 (0.65 in 2024), below 1. Short-term debt is 29.8% and cash 6.1% of total assets. 94.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 13 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.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| RESTAURANT LEO Bastogne | €3.0m | €3.3m | 5.9% | 44.6 |
| BRASSERIE TROLL & BUSH PIPAIX Leuze-en-Hainaut | €3.0m | €2.4m | 81.8% | 47.5 |
| Step métiers Liège | €2.7m | €3.0m | 44.2% | 38.2 |
| HORTA Antwerp | €4.0m | €3.7m | -4.3% | 48.7 |
| HET POMPHUIS Antwerp | €3.0m | €3.0m | 20.3% | 36.1 |
| BRASSEBEL Ghent | €2.1m | €2.8m | 67.2% | 38.9 |
| Atelier Groot Eiland Molenbeek-Saint-Jean | €2.6m | €2.9m | 38.9% | 53.6 |
These companies have the same main activity as RESTAURANT LEO: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €2.1m and €4m, founded between 1985 and 2001.
RESTAURANT LEO files the abbreviated format. That format states no turnover. The gross margin rose from €952,865 in 2006 to €3.3m in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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