ROYAL CAFE
InactiveROYAL CAFE was declared bankrupt on 16-05-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 22-04-2025, published in the Belgian State Gazette on 25-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 4 filingsDeviation from the deadline
2022
not filed
2021
31 d late
2020
153 d late
2019
92 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 77 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
€69,226▲ 510%
2020 · €11,350
EBIT margin
28.1%▼ 67.4pp
2020 · 95.5%
Net result
€19,139▲ 82.5%
2020 · €10,488
Working capital
€28,532▲ 206%
2020 · €9,312
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€19,310-€20,649▲ 6.9%€11,350▼ 45.0%€69,226▲ 510%
Operating result€1,084--€1,939€10,839€19,451▲ 79.5%
Net result€1,084--€1,942€10,488€19,139▲ 82.5%
EBIT margin5.6%--9.4%▼ 15.0pp95.5%▲ 104.9pp28.1%▼ 67.4pp
Equity€1,085--€857€9,632€28,771▲ 199%
Total assets€1,149-€2,304▲ 101%€10,396▲ 351%€43,593▲ 319%
Debt€63-€3,161▲ 4,881%€764▼ 75.8%€14,822▲ 1,839%
Working capital€1,085--€857€9,312€28,532▲ 206%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 79% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €43,593
Fixed assets
€239 ▼ 25.0%
Current assets
€43,353 ▲ 330%
Equity and liabilities €43,593
Equity
€28,771 ▲ 199%
Debt
€14,822 ▲ 1,839%
Debt's share of the balance-sheet total rises from 7.4% to 34.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,531▲
2020 · €10,918
Cash flow
€19,219▲
2020 · €10,568
Current ratio
2.92▼
2020 · 13.18
Quick ratio
2.92▼
2020 · 12.99
Debt to equity
0.52
ROE
66.5%▼
2020 · 108.9%
ROA
43.9%▼
2020 · 100.9%
Interest coverage
303.51
Debt ≤ 1 year
€14,822▲
2020 · €764
Income taxes
€248
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €19,310 | €20,649 | €11,350 | €69,226 | ▲ 510% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €51,649 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €80 | €80 | = |
| Gross operating margin9900 | €1,084 | -€1,447 | €14,219 | €19,531 | ▲ 37.4% |
| Operating profit (loss)9901 | €1,084 | -€1,939 | €10,839 | €19,451 | ▲ 79.5% |
| Financial charges65/66B | - | - | - | €64 | - |
| Recurring financial charges65 | - | €3 | €350 | €64 | ▼ 81.6% |
| Profit (loss) for the period before taxes9903 | €1,084 | -€1,942 | €10,488 | €19,387 | ▲ 84.8% |
| Income taxes67/77 | - | - | - | €248 | - |
| Profit (loss) for the period9904 | €1,084 | -€1,942 | €10,488 | €19,139 | ▲ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €1,084 | -€1,942 | €10,488 | €19,139 | ▲ 82.5% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1,149 | €2,304 | €10,396 | €43,593 | ▲ 319% |
| Fixed assets21/28 | - | - | €319 | €239 | ▼ 25.0% |
| Tangible fixed assets22/27 | - | - | €319 | €239 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €239 | - |
| Current assets29/58 | €1,149 | €2,304 | €10,077 | €43,353 | ▲ 330% |
| Stocks and contracts in progress3 | - | €346 | €146 | €95 | ▼ 34.6% |
| Stocks30/36 | - | - | - | €95 | - |
| Amounts receivable within one year40/41 | €1 | €661 | €7,453 | €42,467 | ▲ 470% |
| Trade receivables40 | - | - | - | €42,467 | - |
| Cash at bank and in hand54/58 | €1,148 | €1,297 | €2,478 | €791 | ▼ 68.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1,149 | €2,304 | €10,396 | €43,593 | ▲ 319% |
| Equity10/15 | €1,085 | -€857 | €9,632 | €28,771 | ▲ 199% |
| Contributions10/11 | €1 | €1 | €1 | €1 | = |
| Capital10 | - | - | - | €1 | - |
| Issued capital100 | - | - | - | €1 | - |
| Profit (loss) carried forward14 | €1,084 | -€858 | €9,631 | €28,770 | ▲ 199% |
| Amounts payable17/49 | €63 | €3,161 | €764 | €14,822 | ▲ 1,839% |
| Amounts payable within one year42/48 | €63 | €3,161 | €764 | €14,822 | ▲ 1,839% |
| Trade debts44 | - | €2,072 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,302 | - |
| Taxes450/3 | - | - | - | €1,302 | - |
| Other amounts payable47/48 | - | - | - | €13,519 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,084 | -€1,942 | €10,488 | €19,139 | ▲ 82.5% |
| + Depreciation and write-downs630 | - | - | €80 | €80 | = |
| Operating cash flow (approximation) | €1,084 | -€1,942 | €10,568 | €19,219 | ▲ 81.9% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €149 | €1,181 | -€1,687 | ▼ 243% |
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
2025
25-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 22-04-2025
2024
23-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-05-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €19,139 ▲82.5%
Operating result €19,451, net result €19,139, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Back to profitnet €10,488
Net result €10,488 after one loss-making year.
31-12
Financial
Liquidity times 18current ratio 13.18
Current ratio from 0.73 to 13.18; short-term debt falls from €3,161 to €764.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€1,942
Net result drops to -€1,942, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY VAN DENABEELE Van Beethovenstraat 28 Bus 402, 2018 Antwerpen 1 |
16-05-2024 → 22-04-2025 |