ROYAL
ActiveSummary
The computed 12-month bankruptcy probability of ROYAL is 1.8% (moderate). The 2025 annual accounts show negative equity (-€22,086) and a net result of €1,938. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 13604 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency0=
Growth85=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 0.39 in 2024; short-term debt: 203.8% and cash: 93.5% of total assets), and equity is negative.
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Signals
Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-103.8%
Return on assets
9.1%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 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 · 10 filingsDeviation from the deadline
2025
45 d late
2024
78 d late
2023
71 d late
2022
63 d early
2021
23 d early
2020
4 d early
2019
10 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 16 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 14 September (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€46,892▲ 67.6%
2021 · €27,974
EBIT margin
-13.9%▲ 21.1pp
2021 · -35.0%
Net result
€1,938▼ 84.4%
2024 · €12,458
Working capital
-€22,966▲ 8.4%
2024 · -€25,080
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
Turnover€27,974€46,892▲ 67.6%
Operating result-€9,795-€6,541▲ 33.2%-€2,222▲ 66.0%€12,548€2,020▼ 83.9%
Net result-€9,867below the sector's middle half-€6,624within the sector's middle half▲ 32.9%-€2,312within the sector's middle half▲ 65.1%€12,458within the sector's middle half€1,938within the sector's middle half▼ 84.4%
EBIT margin-35.0%-13.9%▲ 21.1pp
Equity-€27,546below the sector's middle half▼ 55.8%-€34,170below the sector's middle half▼ 24.0%-€36,482below the sector's middle half▼ 6.8%-€24,024below the sector's middle half▲ 34.1%-€22,086below the sector's middle half▲ 8.1%
Total assets€11,150below the sector's middle half▼ 5.9%€7,304below the sector's middle half▼ 34.5%€3,859below the sector's middle half▼ 47.2%€17,327below the sector's middle half▲ 349%€21,281below the sector's middle half▲ 22.8%
Debt€38,697▲ 31.1%€41,474▲ 7.2%€40,341▼ 2.7%€41,351▲ 2.5%€43,367▲ 4.9%
Working capital-€28,459below the sector's middle half▼ 43.8%-€34,834within the sector's middle half▼ 22.4%-€37,714below the sector's middle half▼ 8.3%-€25,080within the sector's middle half▲ 33.5%-€22,966within the sector's middle half▲ 8.4%
Solvency-247.0%below the sector's middle half▼ 97.8pp-467.8%below the sector's middle half▼ 220.8pp-138.7%below the sector's middle half-103.8%below the sector's middle half▲ 34.9pp
Current ratio0.26below the sector's middle half▼ 0.070.16below the sector's middle half▼ 0.100.39below the sector's middle half0.47below the sector's middle half▲ 0.08
Return on assets (ROA)-88.5%below the sector's middle half▼ 239.7pp-90.7%below the sector's middle half▼ 2.2pp71.9%above the sector's middle half9.1%within the sector's middle half▼ 62.8pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,281
Fixed assets
€880 ▼ 16.7%
Current assets
€20,401 ▲ 25.4%
Key figures and ratios
EBITDA
€2,196▼
2024 · €12,724
Cash flow
€2,114▼
2024 · €12,634
Quick ratio
0.46▲
2024 · 0.37
Debt to equity
-1.96▼
2024 · -1.72
Interest coverage
26.78▼
2024 · 141.38
Debt ≤ 1 year
€43,367▲
2024 · €41,351
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €27,974 | €46,892 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €42,253 | €51,869 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159 | €249 | €312 | €176 | €176 | = |
| Other operating charges640/8 | €942 | €1,316 | €384 | €905 | €400 | ▼ 55.8% |
| Gross operating margin9900 | -€8,694 | -€4,976 | -€1,526 | €13,629 | €2,596 | ▼ 81.0% |
| Operating profit (loss)9901 | -€9,795 | -€6,541 | -€2,222 | €12,548 | €2,020 | ▼ 83.9% |
| Financial income75/76B | €1 | €0 | - | - | - | - |
| Recurring financial income75 | €1 | €0 | - | - | - | - |
| Financial charges65/66B | €73 | €83 | €90 | €90 | €82 | ▼ 8.9% |
| Recurring financial charges65 | €73 | €83 | €90 | €90 | €82 | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | -€9,867 | -€6,624 | -€2,312 | €12,458 | €1,938 | ▼ 84.4% |
| Profit (loss) for the period9904 | -€9,867 | -€6,624 | -€2,312 | €12,458 | €1,938 | ▼ 84.4% |
| Profit (loss) for the period to be appropriated9905 | -€9,867 | -€6,624 | -€2,312 | €12,458 | €1,938 | ▼ 84.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,150 | €7,304 | €3,859 | €17,327 | €21,281 | ▲ 22.8% |
| Fixed assets21/28 | €913 | €664 | €1,232 | €1,056 | €880 | ▼ 16.7% |
| Tangible fixed assets22/27 | €913 | €664 | €1,232 | €1,056 | €880 | ▼ 16.7% |
| Plant, machinery and equipment23 | €913 | €664 | €1,232 | €1,056 | €880 | ▼ 16.7% |
| Current assets29/58 | €10,237 | €6,640 | €2,627 | €16,271 | €20,401 | ▲ 25.4% |
| Stocks and contracts in progress3 | €349 | €1,130 | €620 | €830 | €420 | ▼ 49.4% |
| Stocks30/36 | €349 | €1,130 | €620 | €830 | €420 | ▼ 49.4% |
| Amounts receivable within one year40/41 | €617 | €448 | €573 | €326 | €87 | ▼ 73.3% |
| Other amounts receivable41 | €617 | €448 | €573 | €326 | €87 | ▼ 73.3% |
| Cash at bank and in hand54/58 | €9,271 | €5,062 | €1,434 | €15,115 | €19,894 | ▲ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,150 | €7,304 | €3,859 | €17,327 | €21,281 | ▲ 22.8% |
| Equity10/15 | -€27,546 | -€34,170 | -€36,482 | -€24,024 | -€22,086 | ▲ 8.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | - | - | - | - |
| Other1109/19 | - | €20,000 | - | - | - | - |
| Reserves13 | €10 | €10 | €10 | €10 | €10 | = |
| Non-distributable reserves130/1 | €10 | €10 | €10 | €10 | €10 | = |
| Reserves not available under the articles1311 | €10 | €10 | €10 | €10 | €10 | = |
| Profit (loss) carried forward14 | -€47,556 | -€54,180 | -€56,492 | -€44,034 | -€42,096 | ▲ 4.4% |
| Amounts payable17/49 | €38,697 | €41,474 | €40,341 | €41,351 | €43,367 | ▲ 4.9% |
| Amounts payable within one year42/48 | €38,697 | €41,474 | €40,341 | €41,351 | €43,367 | ▲ 4.9% |
| Trade debts44 | €429 | €1,789 | €629 | €2,500 | €1,364 | ▼ 45.4% |
| Suppliers440/4 | €429 | €1,789 | €629 | €2,500 | €1,364 | ▼ 45.4% |
| Taxes, remuneration and social security45 | - | €4,830 | - | - | €446 | - |
| Taxes450/3 | - | - | - | - | €446 | - |
| Remuneration and social security454/9 | - | €4,830 | - | - | - | - |
| Other amounts payable47/48 | €38,268 | €34,855 | €39,712 | €38,851 | €41,557 | ▲ 7.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,867 | -€6,624 | -€2,312 | €12,458 | €1,938 | ▼ 84.4% |
| + Depreciation and write-downs630 | €159 | €249 | €312 | €176 | €176 | = |
| Operating cash flow (approximation) | -€9,708 | -€6,375 | -€2,000 | €12,634 | €2,114 | ▼ 83.3% |
| Investment in fixed assets (approximation) | - | €0 | -€880 | €0 | €0 | - |
| Change in cash | - | -€4,209 | -€3,628 | €13,681 | €4,779 | ▼ 65.1% |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Back to profitnet €12,458
Net result €12,458 after 3 loss-making years.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€9,867
Net result drops to -€9,867, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €17,916 ▲266%
Operating result €18,102, net result €17,916, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Antwerpen · 1 establishment unit since 2002
Ground area
57 m²
Building footprint
57 m²
Volume, LiDAR
513 m³
Parcel 11343A0595/00G004, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ROYAL
since 20022.115.460.231
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11343A0595/00G004 | Flanders | 56 m² | 1 · 56 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 siteAntwerpen2.115.460.231
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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 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475447379
Also
9925:BE0475447379
Registered
03-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.