Royal Cheese
ActiveThe computed 12-month bankruptcy probability of Royal Cheese is 5.2% (elevated). The 2025 annual accounts show equity of €274k and a net result of €216k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 46% of 3657 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+1
Solvency51▲+2
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.04 in 2024; short-term debt: 71.9% and cash: 6.3% of total assets), and 73.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
26.2%
Return on assets
20.6%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
35 d early
2022
on the day
2021
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€216k▼ 3.7%
2024 · €224k
2021: €259k
2022: €31k
2023: €114k
2024: €224k
2021 → 2025
Working capital
€-11k
2024 · €35k
2021: €16k
2022: €56k
2023: €203k
2024: €35k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€259k-€320k▲ 23.5%€434k▲ 35.6%€258k▼ 40.5%€274k▲ 6.1%
Operating result€296k-€42k▼ 85.9%€154k▲ 270%€311k▲ 102%€290k▼ 6.8%
Net result€259k-€31k▼ 88.1%€114k▲ 270%€224k▲ 96.5%€216k▼ 3.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€305k▲ 15.3%
Current assets
€741k▼ 10.2%
Equity and liabilities €1.05M
Equity
€274k▲ 6.1%
Debt
€772k▼ 7.1%
The debt ratio falls from 76.3% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€378k▲
2024 · €376k
Cash flow
€304k▲
2024 · €289k
Solvency
26.2%▲
2024 · 23.7%
Current ratio
0.99▼
2024 · 1.04
Quick ratio
0.94▼
2024 · 1.02
Debt / equity
2.82▼
2024 · 3.22
ROE
78.7%▼
2024 · 86.8%
ROA
20.6%▲
2024 · 20.6%
Interest coverage
43.16▼
2024 · 44.86
Debt
€772k▼
2024 · €831k
Debt ≤ 1 year
€752k▼
2024 · €790k
Debt > 1 year
€18k▼
2024 · €41k
Income taxes
€67k▼
2024 · €81k
Staff costs
€450k▼
2024 · €479k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€1.05M▼
Fixed assets21/28€265k€305k▲
Intangible fixed assets21€101k€76k▼
Tangible fixed assets22/27€157k€223k▲
Plant, machinery and equipment23€35k€21k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€117k€198k▲
Financial fixed assets28€6k€6k=
Current assets29/58€825k€741k▼
Stocks and contracts in progress3€16k€36k▲
Stocks30/36€16k€36k▲
Amounts receivable within one year40/41€715k€632k▼
Trade receivables40€220k€317k▲
Other amounts receivable41€495k€315k▼
Cash at bank and in hand54/58€78k€66k▼
Deferred charges and accrued income490/1€15k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.05M▼
Equity10/15€258k€274k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€228k€244k▲
Amounts payable17/49€831k€772k▼
Amounts payable after more than one year17€41k€18k▼
Financial debts170/4€41k€18k▼
Amounts payable within one year42/48€790k€752k▼
Current portion of amounts payable after more than one year42€25k€23k▼
Financial debts43€4k€5k▲
Credit institutions430/8€4k€5k▲
Trade debts44€233k€345k▲
Suppliers440/4€233k€345k▲
Taxes, remuneration and social security45€119k€72k▼
Taxes450/3€74k€60k▼
Remuneration and social security454/9€45k€12k▼
Other amounts payable47/48€410k€307k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€479k€450k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€88k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€24k€63k▲
Gross operating margin9900€882k€896k▲
Operating profit (loss)9901€311k€290k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€306k€282k▼
Income taxes67/77€81k€67k▼
Profit (loss) for the period9904€224k€216k▼
Profit (loss) for the period to be appropriated9905€224k€216k▼
Appropriation of the result
Profit (loss) to be appropriated9906€628k€444k▼
Profit (loss) brought forward from the previous period14P€404k€228k▼
Profit to be distributed694/7€400k€200k▼
Return on contributions (dividend)694€400k€200k▼
Social balance
Average headcount (FTE)908713.313.7▲
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €31k ▼88.1%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2020
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.
Washingtonstraat 71050 ElseneGround area
321 m²
Building footprint
261 m²
Volume, LiDAR
4,243 m³
2 parcels, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Royal Cheese
since 20202.305.124.727
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0255/00X002 | Brussels | 203 m² | 1 · 163 m² | 22.6 m · 6 fl. |
| 21447B0221/00Y007 | Brussels | 119 m² | 1 · 98 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteElsene2.305.124.727
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 5,958 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.