Equity
-€48,031
Debts exceed assets in financial year 2025.
ROOTS
Lifetime
8 annual accounts with figures on one time axispeak €42,183 (2020)
€10,710▲ €29,084
lowest -€30,479 (2018)
€446▲ €27,899
peak -€13,584 (2021)
-€48,031▲ €446
€119,147▼ 1.0%
peak 1.6 FTE (2019)
-not published
Board1 name since 2018
1 director
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from -€18,373 to €10,710Back to profit: €446Cash from €19,552 to €1,725
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Debts
€119,147 168% of the balance sheet
Financial debts 0%Suppliers 24%Taxes and wages 10%Other 66%
Of this, €118,767 falls due within a year.
Filings
8 annual accounts 7 late
The 2024 accounts came latest: 61 days after the end of the period.
Starting capital
€18,600 100 shares
Position in the sector
-€48,031
Less equity than 90% of companies in food and beverage service. Sector median €28,639 · 17,193 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 906 companies had the same profile as ROOTS has now. Each dot stands for 3 companies, two years later.
89.4%
were still trading
4.1%
stopped another way
6.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 906 companies, not a prediction for ROOTS. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0689864097
Company renamed from BAR BAROK to ROOTS
Registered office moved from Hasselt to Kortessem · New registered office: Hasseltsesteenweg 52, 3720 Kortessem · Previous registered office: Kapelstraat 16, 3500 Hasselt · General meeting of 22-10-2021 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares · Founder: (comparant) · Appointment: (manager) · published on 09-02-2018 · Gazette deed
First establishment
Hasseltsesteenweg 52, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ROOTS Hasselt | €71,115 | €10,710 | -67.5% | - |
| ILAMBR Liège | €72,199 | €10,899 | 10.9% | - |
| M&Z TRANSPORT Brussels | €75,751 | €9,175 | 68.8% | - |
| SHAMS Dendermonde | €82,692 | €9,777 | 85.8% | - |
| FIDAN Diepenbeek | €52,648 | €8,473 | 73.0% | - |
| ShiLies Ghent | €56,967 | €10,165 | 64.3% | - |
| GERPI-SNACK Fosses-la-Ville | €69,264 | €9,881 | 39.8% | - |
These companies have the same main activity as ROOTS: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €52,600 and €82,700, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 07-02-2018Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2021
- Establishment unit
- 2.273.527.6693720 Hasselt, since 07-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 03-04-2026
Insights on ROOTS
ROOTS files the micro format. That format states no turnover. The gross margin fell from €21,000 in 2018 to €10,710 in 2025.
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 ROOTS
- What is the company number of ROOTS?
- The company number of ROOTS is 0689.864.097. The VAT number is the same number with BE in front: BE 0689.864.097.
- Where is ROOTS based?
- The registered office is at Hasseltsesteenweg 52, 3720 Hasselt.Company details
- What does ROOTS do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of ROOTS?
- ROOTS is a private limited company (BV).
- When was ROOTS founded?
- ROOTS was founded on 07-02-2018.
- Is ROOTS still active?
- Yes, ROOTS is an active enterprise in the KBO register.
- How many employees does ROOTS have?
- ROOTS had an average of 0.3 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does ROOTS fall under?
- In its 2021 annual accounts, ROOTS states joint committee 302 (Hotels and catering).
- What is the turnover of ROOTS?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €10,710 and 133 comparable companies (NACE 56112). It probably lies between €75,000 and €200,000. It is a rough estimate.
- Is ROOTS profitable?
- In financial year 2025, ROOTS made a profit of €446.
- Where can I find the annual accounts of ROOTS?
- ROOTS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ROOTS due?
- ROOTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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