RESTOHORECA
ActiveThe file of RESTOHORECA contains 4 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 16.7% (high). The 2025 annual accounts show equity of €21,858 and a net result of €378. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 13617 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-13
Solvency41▲+3
Growth78=
Track record60
Bankruptcy probability, 12 months
16.7%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.97 in 2024; short-term debt: 83.5% and cash: 25% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Six 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
16.5%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
55 d early
2023
54 d early
2022
31 d early
2021
31 d late
2020
30 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,858▲ 1.8%
2024 · €21,480
Total assets
€132,614▼ 19.4%
2024 · €164,599
Net result
€378▼ 95.1%
2024 · €7,652
Working capital
-€5,758▼ 28.3%
2024 · -€4,489
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€48,125▲ 36.5%€14,238▼ 70.4%€2,666▼ 81.3%€11,889▲ 346%€3,683▼ 69.0%
Net result€48,465above the sector's middle half▲ 62.8%€11,074within the sector's middle half▼ 77.2%-€2,090within the sector's middle half€7,652within the sector's middle half€378within the sector's middle half▼ 95.1%
Equity€4,057within the sector's middle half€15,131within the sector's middle half▲ 273%€13,828within the sector's middle half▼ 8.6%€21,480within the sector's middle half▲ 55.3%€21,858within the sector's middle half▲ 1.8%
Total assets€177,691within the sector's middle half▲ 45.1%€161,507within the sector's middle half▼ 9.1%€145,237within the sector's middle half▼ 10.1%€164,599within the sector's middle half▲ 13.3%€132,614within the sector's middle half▼ 19.4%
Debt€173,634▲ 4.1%€146,376▼ 15.7%€131,409▼ 10.2%€143,119▲ 8.9%€110,756▼ 22.6%
Working capital€9,323within the sector's middle half€10,549within the sector's middle half▲ 13.1%-€2,088within the sector's middle half-€4,489within the sector's middle half▼ 115%-€5,758within the sector's middle half▼ 28.3%
Solvency2.3%within the sector's middle half▲ 38.6pp9.4%within the sector's middle half▲ 7.1pp9.5%within the sector's middle half▲ 0.2pp13.1%within the sector's middle half▲ 3.5pp16.5%within the sector's middle half▲ 3.4pp
Current ratio1.07within the sector's middle half▲ 0.561.08within the sector's middle half▲ 0.020.98within the sector's middle half▼ 0.100.97within the sector's middle half▼ 0.010.95within the sector's middle half▼ 0.02
Return on assets (ROA)27.3%above the sector's middle half▲ 3.0pp6.9%within the sector's middle half▼ 20.4pp-1.4%within the sector's middle half▼ 8.3pp4.6%within the sector's middle half▲ 6.1pp0.3%within the sector's middle half▼ 4.4pp
Staff (FTE)7.4▲ 5.7%8.5▲ 14.9%6.4▼ 24.7%8.1▲ 26.6%7.6▼ 6.2%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132,614
Fixed assets
€27,616 ▲ 3.4%
Current assets
€104,998 ▼ 23.9%
Equity and liabilities €132,614
Equity
€21,858 ▲ 1.8%
Debt
€110,756 ▼ 22.6%
Debt's share of the balance-sheet total falls from 86.9% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,738▼
2024 · €18,627
Cash flow
€8,433▼
2024 · €14,390
Quick ratio
0.86▼
2024 · 0.92
Debt to equity
5.07▼
2024 · 6.66
ROE
1.7%▼
2024 · 35.6%
Interest coverage
3.41▼
2024 · 4.37
Debt ≤ 1 year
€110,756▼
2024 · €142,389
Staff costs
€248,950▲
2024 · €220,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 16.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,508 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €53,443 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €143,229 | €289,754 | €259,582 | €220,842 | €248,950 | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,515 | €15,680 | €12,595 | €6,738 | €8,056 | ▲ 19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €563 | - | - | - | - |
| Other operating charges640/8 | €621 | €420 | €1,655 | €1,657 | €1,392 | ▼ 16.0% |
| Non-recurring operating charges66A | €36,331 | - | - | - | - | - |
| Gross operating margin9900 | €242,820 | €320,655 | €276,499 | €241,127 | €262,080 | ▲ 8.7% |
| Operating profit (loss)9901 | €48,125 | €14,238 | €2,666 | €11,889 | €3,683 | ▼ 69.0% |
| Financial income75/76B | €2,581 | €189 | €2,277 | €28 | €136 | ▲ 383% |
| Recurring financial income75 | €2,581 | €189 | €2,277 | €28 | €136 | ▲ 383% |
| Financial charges65/66B | €2,240 | €3,353 | €7,034 | €4,265 | €3,441 | ▼ 19.3% |
| Recurring financial charges65 | €2,240 | €3,353 | €7,034 | €4,265 | €3,441 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €48,465 | €11,074 | -€2,090 | €7,652 | €378 | ▼ 95.1% |
| Profit (loss) for the period9904 | €48,465 | €11,074 | -€2,090 | €7,652 | €378 | ▼ 95.1% |
| Transfer to tax-exempt reserves689 | €29,349 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19,116 | €11,074 | -€2,090 | €7,652 | €378 | ▼ 95.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177,691 | €161,507 | €145,237 | €164,599 | €132,614 | ▼ 19.4% |
| Formation expenses20 | - | - | €826 | - | - | - |
| Fixed assets21/28 | €28,812 | €22,866 | €24,597 | €26,700 | €27,616 | ▲ 3.4% |
| Intangible fixed assets21 | €14,833 | €5,933 | - | - | - | - |
| Tangible fixed assets22/27 | €13,289 | €16,244 | €23,908 | €26,011 | €26,926 | ▲ 3.5% |
| Plant, machinery and equipment23 | €1,101 | €5,416 | €13,591 | €16,232 | €15,112 | ▼ 6.9% |
| Furniture and vehicles24 | €8,791 | €8,372 | €5,652 | €6,322 | €2,875 | ▼ 54.5% |
| Other tangible fixed assets26 | €3,398 | €2,456 | €4,665 | €3,457 | €8,939 | ▲ 159% |
| Financial fixed assets28 | €689 | €689 | €689 | €689 | €689 | = |
| Current assets29/58 | €148,879 | €138,641 | €119,813 | €137,899 | €104,998 | ▼ 23.9% |
| Amounts receivable after more than one year29 | €16,940 | €6,128 | €6,130 | €6,130 | €6,130 | = |
| Trade receivables290 | - | €6,128 | €6,130 | €6,130 | €6,130 | = |
| Other amounts receivable291 | €16,940 | - | - | - | - | - |
| Stocks and contracts in progress3 | €15,649 | €15,648 | €10,679 | €6,538 | €9,969 | ▲ 52.5% |
| Stocks30/36 | €15,649 | €15,648 | €10,679 | €6,538 | €9,969 | ▲ 52.5% |
| Amounts receivable within one year40/41 | €19,397 | €26,243 | €29,788 | €76,023 | €55,734 | ▼ 26.7% |
| Trade receivables40 | €6,161 | €16,195 | €20,505 | €66,740 | €46,451 | ▼ 30.4% |
| Other amounts receivable41 | €13,236 | €10,048 | €9,283 | €9,283 | €9,283 | = |
| Cash at bank and in hand54/58 | €91,542 | €86,785 | €73,216 | €49,209 | €33,165 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €5,351 | €3,837 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177,691 | €161,507 | €145,237 | €164,599 | €132,614 | ▼ 19.4% |
| Equity10/15 | €4,057 | €15,131 | €13,828 | €21,480 | €21,858 | ▲ 1.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €29,599 | €29,599 | €29,599 | €29,599 | €29,599 | = |
| Non-distributable reserves130/1 | €250 | €250 | - | - | - | - |
| Reserves not available under the articles1311 | €250 | - | - | - | - | - |
| Own shares acquired1312 | - | €250 | - | - | - | - |
| Tax-exempt reserves132 | €29,349 | €29,349 | €29,349 | €29,349 | €29,349 | = |
| Distributable reserves133 | - | - | €250 | €250 | €250 | = |
| Profit (loss) carried forward14 | -€37,942 | -€26,868 | -€28,171 | -€20,519 | -€20,141 | ▲ 1.8% |
| Amounts payable17/49 | €173,634 | €146,376 | €131,409 | €143,119 | €110,756 | ▼ 22.6% |
| Amounts payable after more than one year17 | €26,331 | €18,284 | €9,507 | €730 | - | - |
| Financial debts170/4 | - | - | €9,507 | €730 | - | - |
| Other amounts payable178/9 | €26,331 | €18,284 | - | - | - | - |
| Amounts payable within one year42/48 | €139,556 | €128,092 | €121,902 | €142,389 | €110,756 | ▼ 22.2% |
| Financial debts43 | €9,283 | €6,126 | €8,087 | - | - | - |
| Other loans439 | €9,283 | €6,126 | €8,087 | - | - | - |
| Trade debts44 | €28,268 | €24,623 | €33,728 | €93,743 | €58,378 | ▼ 37.7% |
| Suppliers440/4 | €28,268 | €24,623 | €33,728 | €93,743 | €58,378 | ▼ 37.7% |
| Taxes, remuneration and social security45 | €97,627 | €97,343 | €76,958 | €45,604 | €49,296 | ▲ 8.1% |
| Taxes450/3 | €31,048 | €27,287 | €10,435 | €4,099 | €15,701 | ▲ 283% |
| Remuneration and social security454/9 | €66,579 | €70,056 | €66,523 | €41,505 | €33,594 | ▼ 19.1% |
| Other amounts payable47/48 | €4,378 | - | €3,129 | €3,041 | €3,083 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | €7,747 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,465 | €11,074 | -€2,090 | €7,652 | €378 | ▼ 95.1% |
| + Depreciation and write-downs630 | €14,515 | €15,680 | €12,595 | €6,738 | €8,056 | ▲ 19.6% |
| Operating cash flow (approximation) | €62,980 | €26,754 | €10,505 | €14,390 | €8,433 | ▼ 41.4% |
| Investment in fixed assets (approximation) | - | -€9,734 | -€14,326 | -€8,841 | -€8,971 | ▼ 1.5% |
| Change in cash | - | -€4,757 | -€13,569 | -€24,008 | -€16,043 | ▲ 33.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,652
Net result €7,652 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €48,465 ▲62.8%
Operating result €48,125, net result €48,465, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.07
Current ratio from 0.51 to 1.07; short-term debt falls from €163,548 to €139,556.
08-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 30-11-2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
28-06
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 22-06-2021
01-02
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 26-01-2021
Show earlier events
2020
31-12
Financial
Back to profitnet €29,771
Net result €29,771 after 2 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
05-08
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 30-07-2020
2019
31-12
Financial
Weakest financial yearnet -€42,755
Net result drops to -€42,755, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Herstal · 1 establishment unit since 2013
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.
Parc Ind. des Hauts Sarts, 1e av 44040 Herstal1 establishment unit
Parc Ind. des Hauts Sarts, 1e av 4, 4040 Herstal
since 20132.223.159.529
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerstal2.223.159.529
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 8,953 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56220Contract catering and other food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538962781
Also
9925:BE0538962781
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.