Equity
€274,106 ▲ 6.1%
Royal Cheese paid out €200,000 in dividends. That is 93% of the 2025 profit.
Royal Cheese
Lifetime
5 annual accounts with figures on one time axisGross marginpeak €895,503 (2025)
€895,503▲ 1.5%
Resultpeak €259,274 (2021)
€215,763▼ 3.7%
Equitypeak €434,178 (2023)
€274,106▲ 6.1%
Debts
€771,952▼ 7.1%
Staffpeak 16.2 FTE (2023)
13.7 FTE▲ 3.0%
Board3 names since 2022
3 directorsCHEN Xavier and 2 others
Owners
100%ABBOT KINNEY
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Dividend €200,000
Key points
from the 2025 annual accountsTurnover
≈ €2.6m estimated
The accounts state no turnover.
Debts
€771,952 74% of the balance sheet
Financial debts 3%Suppliers 45%Taxes and wages 9%Other 43%
€41,239 of the debts are secured on the company's own assets. In 2023 that was €86,307.
Investments
€191,668 2.2 × depreciation
Green is investment, beige is depreciation.
Staff
13.7 FTE from 30.5 in 2022
Between 2022 and 2025, 55% of the full-time equivalents disappeared.
Position in the sector
€215,763
Higher net result than 94% of companies in food and beverage service. Sector median €10,388 · 4,805 companies.
Checked score
64
Healthy
Financially stronger than 50% of small companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,619 companies (NACE 56, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 2.1%▲ +1.4 percentage points vs 07-2025
09-2025: 2.1%● unchanged vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.0%▼ -0.1 percentage points vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 1.9%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%▲ +0.2 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.6%▲ +0.5 percentage points vs 06-2026highest value
08-2026: 2.0%▼ -0.6 percentage points vs 07-2026
09-2026: 2.0%● unchanged vs 08-2026
10-2026: 1.6%▼ -0.4 percentage points vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2020
Size: 13.7 FTE, total assets €1.0m
lowers risk
Figures for financial year 2025 (filed on 04-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 47% of them on solvency, 11% on liquidity, 89% on profitability and 55% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as Royal Cheese has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Royal Cheese itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,684 companies, not a prediction for Royal Cheese. 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
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.99 (1.04 in 2024), below 1. Short-term debt is 71.9% and cash 6.3% of total assets. 73.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
8 days early
2023
35 days early
2022
on the day
2021
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 9 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
CX
CHEN Xavier
Director
PJ
PRIGOGINE John
Director
RS
ROKBANI Sadri
Director
- ABBOT KINNEY 100%score 97equity €802,125 (2025) · 2025 annual accounts of ABBOT KINNEY
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750488010
Incorporation
published on 14-07-2020 · Gazette deed
First establishment
Albert Leemansplein 10, Ixelles
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Royal Cheese Ixelles | €1.0m | €895,503 | 26.2% | 13.7 |
| F-Do Arcum Lanaken | €1.0m | €932,807 | 42.8% | 15.7 |
| STONAREST Beerse | €1.0m | €845,436 | 41.4% | 12.3 |
| JEF DE EERSTE Beringen | €1.2m | €798,252 | 35.1% | 15.2 |
| DAH Ixelles | €1.1m | €887,608 | 35.6% | 15.4 |
| Rambo Saint-Boniface Ixelles | €0.9m | €772,826 | 15.1% | 12.8 |
| LAM & DAH 2 Ixelles | €1.2m | €660,392 | 47.0% | 12.6 |
These companies have the same main activity as Royal Cheese: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €922,000 and €1.2m, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 10-07-2020Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2021
- Establishment unit
- 2.305.124.7271050 Ixelles, since 10-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 26-03-2026
Annual accounts 2025
- Total assets
- €1.0m▼ 4.0%
- Employeeson 31-12-2025
- 18▼ 37.9%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on Royal Cheese
Royal Cheese files the abbreviated format. That format states no turnover. The gross margin rose from €565,812 in 2021 to €895,503 in 2025.
ABBOT KINNEY holds all the shares.
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 Royal Cheese
- What is the company number of Royal Cheese?
- The company number of Royal Cheese is 0750.488.010. The VAT number is the same number with BE in front: BE 0750.488.010.
- Where is Royal Cheese based?
- The registered office is at Washingtonstraat 7, 1050 Ixelles.Company details
- What does Royal Cheese 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 Royal Cheese?
- Royal Cheese is a private limited company (BV).
- When was Royal Cheese founded?
- Royal Cheese was founded on 10-07-2020.
- Is Royal Cheese still active?
- Yes, Royal Cheese is an active enterprise in the KBO register.
- How many employees does Royal Cheese have?
- Royal Cheese had an average of 13.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Royal Cheese fall under?
- In its 2021 annual accounts, Royal Cheese states joint committee 302 (Hotels and catering).
- What is the turnover of Royal Cheese?
- The turnover in financial year 2025 is ≈ €2.6m. This figure is estimated from the gross margin of €895,503 and 36 comparable companies (NACE 56112). It probably lies between €2.1m and €2.8m.
- Is Royal Cheese profitable?
- In financial year 2025, Royal Cheese made a profit of €215,763.
- Where can I find the annual accounts of Royal Cheese?
- Royal Cheese filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Royal Cheese due?
- Royal Cheese must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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