RESTO PLAN B
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (92 days) Filed on 31 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00527051.
Equity
-€119,344
2022 · €29,375
Total assets
€121,477▼ 22.9%
2022 · €157,609
Net result
-€148,719▼ 277%
2022 · -€39,476
Working capital
-€160,977
2022 · €896
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €101,214 in 2023 against €37,494 in 2022; the loss grows and 2023 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€101,214
2023
Net result-€148,719
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€121,477
2023
Equity-€119,344
2023
Debt€240,822
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€160,977
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-122.4%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-98.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.30
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)6.8
2019
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€20,544-€23,072▲ 12.3%€20,557▼ 10.9%€22,979▲ 11.8%-€37,494-€101,214▼ 170%
Net result€14,408-€15,586▲ 8.2%€12,759within the sector's middle half▼ 18.1%€16,568within the sector's middle half▲ 29.9%-€39,476below the sector's middle half-€148,719below the sector's middle half▼ 277%
Equity€23,938-€39,524▲ 65.1%€52,282within the sector's middle half▲ 32.3%€68,851within the sector's middle half▲ 31.7%€29,375within the sector's middle half▼ 57.3%-€119,344below the sector's middle half
Total assets€104,527-€149,472▲ 43.0%€172,054within the sector's middle half▲ 15.1%€177,793within the sector's middle half▲ 3.3%€157,609within the sector's middle half▼ 11.4%€121,477within the sector's middle half▼ 22.9%
Debt€80,589-€109,948▲ 36.4%€119,772▲ 8.9%€108,943▼ 9.0%€128,235▲ 17.7%€240,822▲ 87.8%
Working capital-€7,843-€33,281€6,592within the sector's middle half▼ 80.2%€14,876within the sector's middle half▲ 126%€896within the sector's middle half▼ 94.0%-€160,977below the sector's middle half
Solvency22.9%-26.4%▲ 3.5pp30.4%within the sector's middle half▲ 3.9pp38.7%within the sector's middle half▲ 8.3pp18.6%within the sector's middle half▼ 20.1pp-98.2%below the sector's middle half▼ 116.9pp
Current ratio0.89-1.72▲ 0.831.11within the sector's middle half▼ 0.611.19within the sector's middle half▲ 0.081.01within the sector's middle half▼ 0.170.30below the sector's middle half▼ 0.71
Return on assets (ROA)13.8%-10.4%▼ 3.4pp7.4%within the sector's middle half▼ 3.0pp9.3%within the sector's middle half▲ 1.9pp-25.0%below the sector's middle half▼ 34.4pp-122.4%below the sector's middle half▼ 97.4pp
Staff (FTE)6.8-6.8=
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €121,477
Fixed assets
€52,989 ▼ 35.4%
Current assets
€68,489 ▼ 9.4%
Equity and liabilities
Equity-€119,344
Debt€240,822
Equity is negative: debt (€240,822) exceeds the balance-sheet total (€121,477).
Key figures and ratios
EBITDA
-€82,511▼
2022 · -€15,040
Cash flow
-€130,016▼
2022 · -€17,022
Quick ratio
0.09▼
2022 · 0.38
Interest coverage
-21.02▼
2022 · -7.59
Debt ≤ 1 year
€229,466▲
2022 · €74,723
Debt > 1 year
€11,356▼
2022 · €19,074
Income taxes
€29
Staff costs
€175,205▲
2022 · €164,810
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €152,017 | €164,810 | €175,205 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,659 | €23,637 | €23,775 | €30,513 | €22,455 | €18,703 | ▼ 16.7% |
| Other operating charges640/8 | - | - | - | €3,664 | €1,414 | €9,460 | ▲ 569% |
| Non-recurring operating charges66A | - | - | - | - | - | €4,701 | - |
| Gross operating margin9900 | €261,818 | €305,514 | €168,213 | €209,173 | €151,185 | €106,855 | ▼ 29.3% |
| Operating profit (loss)9901 | €20,544 | €23,072 | €20,557 | €22,979 | -€37,494 | -€101,214 | ▼ 170% |
| Financial income75/76B | - | - | - | €347 | €0 | €11 | ▲ 35,800% |
| Recurring financial income75 | €120 | €11 | €125 | €347 | €0 | €11 | ▲ 35,800% |
| Financial charges65/66B | - | - | - | €5,574 | €1,982 | €47,486 | ▲ 2,296% |
| Recurring financial charges65 | €5,484 | €4,162 | €4,370 | €5,574 | €1,982 | €3,925 | ▲ 98.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €43,561 | - |
| Profit (loss) for the period before taxes9903 | €15,181 | €18,921 | €12,886 | €17,752 | -€39,476 | -€148,689 | ▼ 277% |
| Income taxes67/77 | €773 | €3,335 | €127 | €1,184 | - | €29 | - |
| Profit (loss) for the period9904 | €14,408 | €15,586 | €12,759 | €16,568 | -€39,476 | -€148,719 | ▼ 277% |
| Profit (loss) for the period to be appropriated9905 | €14,408 | €15,586 | €12,759 | €16,568 | -€39,476 | -€148,719 | ▼ 277% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €104,527 | €149,472 | €172,054 | €177,793 | €157,609 | €121,477 | ▼ 22.9% |
| Formation expenses20 | €997 | €597 | €196 | €0 | - | - | - |
| Fixed assets21/28 | €37,269 | €69,679 | €106,021 | €83,290 | €81,990 | €52,989 | ▼ 35.4% |
| Tangible fixed assets22/27 | €37,179 | €69,589 | €105,931 | €83,200 | €81,900 | €52,899 | ▼ 35.4% |
| Plant, machinery and equipment23 | - | - | - | €37,342 | €40,640 | €37,341 | ▼ 8.1% |
| Furniture and vehicles24 | - | - | - | €30,792 | €26,377 | €3,871 | ▼ 85.3% |
| Other tangible fixed assets26 | - | - | - | €15,066 | €14,884 | €11,687 | ▼ 21.5% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €66,261 | €79,196 | €65,837 | €94,504 | €75,619 | €68,489 | ▼ 9.4% |
| Stocks and contracts in progress3 | €49,302 | €41,553 | €46,553 | €44,806 | €47,254 | €47,254 | = |
| Stocks30/36 | - | - | - | €44,806 | €47,254 | €47,254 | = |
| Amounts receivable within one year40/41 | €1,412 | €541 | €3,360 | €10,532 | €15,845 | €9,620 | ▼ 39.3% |
| Trade receivables40 | - | - | - | €1,500 | €6,421 | €8,441 | ▲ 31.5% |
| Other amounts receivable41 | - | - | - | €9,032 | €9,424 | €1,179 | ▼ 87.5% |
| Cash at bank and in hand54/58 | €13,211 | €33,321 | €9,543 | €30,859 | €12,147 | €10,724 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | €8,306 | €373 | €890 | ▲ 138% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €104,527 | €149,472 | €172,054 | €177,793 | €157,609 | €121,477 | ▼ 22.9% |
| Equity10/15 | €23,938 | €39,524 | €52,282 | €68,851 | €29,375 | -€119,344 | - |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €720 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Non-distributable reserves130/1 | - | - | - | €1,500 | €1,500 | €1,500 | = |
| Reserves not available under the articles1311 | - | - | - | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €4,617 | €19,424 | €32,183 | €48,751 | €9,275 | -€139,444 | - |
| Amounts payable17/49 | €80,589 | €109,948 | €119,772 | €108,943 | €128,235 | €240,822 | ▲ 87.8% |
| Amounts payable after more than one year17 | €6,361 | €62,309 | €60,527 | €27,931 | €19,074 | €11,356 | ▼ 40.5% |
| Financial debts170/4 | - | - | - | €27,931 | €19,074 | €11,356 | ▼ 40.5% |
| Amounts payable within one year42/48 | €74,104 | €45,915 | €59,245 | €79,628 | €74,723 | €229,466 | ▲ 207% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,669 | €29,666 | €21,591 | ▼ 27.2% |
| Trade debts44 | €3,382 | €5,962 | €18,883 | €13,322 | €20,582 | €126,218 | ▲ 513% |
| Suppliers440/4 | - | - | - | €13,322 | €20,582 | €126,218 | ▲ 513% |
| Taxes, remuneration and social security45 | - | - | - | €32,637 | €24,475 | €45,404 | ▲ 85.5% |
| Taxes450/3 | - | - | - | €17,515 | €4,616 | €23,564 | ▲ 411% |
| Remuneration and social security454/9 | - | - | - | €15,123 | €19,860 | €21,840 | ▲ 10.0% |
| Other amounts payable47/48 | - | - | - | - | - | €36,253 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,384 | €34,438 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,408 | €15,586 | €12,759 | €16,568 | -€39,476 | -€148,719 | ▼ 277% |
| + Depreciation and write-downs630 | €17,659 | €23,637 | €23,775 | €30,513 | €22,455 | €18,703 | ▼ 16.7% |
| Operating cash flow (approximation) | €32,067 | €39,223 | €36,534 | €47,081 | -€17,022 | -€130,016 | ▼ 664% |
| Investment in fixed assets (approximation) | - | -€56,047 | -€60,117 | -€7,782 | -€21,155 | €10,299 | - |
| Change in cash | - | €20,110 | -€23,778 | €21,316 | -€18,712 | -€1,423 | ▲ 92.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 31-10-2024 | 2024-00527051 |
| 31-12-2022 | micro format | 30-11-2023 | 2023-00522563 |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20517198 |
| 31-12-2020 | micro format | 29-10-2021 | 2021-75000270 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66100239 |
| 31-12-2018 | micro format | 26-08-2019 | 2019-58200457 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60500472 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 20,123 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,487. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.