Royale Axkit
ActiveSummary
The computed 12-month bankruptcy probability of Royale Axkit is 1.8% (moderate). The 2024 annual accounts show equity of €24k and a net result of €6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 18936 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-1
Solvency30▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.58 in 2023; short-term debt: 13.5% and cash: 17.3% of total assets), and 94.9% of the assets are financed with debt.
Credit check for your own amount and term
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 2024Solvency, return and age of the figures
Solvency
5.1%
Return on assets
1.3%
Age of the figures
21 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €24k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
41 d early
2022
38 d early
2021
59 d early
2020
16 d late
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€24k▲ 33.0%
2023 · €18k
2018: €29khighest in 7 years
2019: €26k▼ -11.6% vs 2018
2020: €-2k▼ -108% vs 2019lowest in 7 years
2021: €18k▲ +1023% vs 2020
2022: €11k▼ -38.0% vs 2021
2023: €18k▲ +59.9% vs 2022
2024: €24k▲ +33.0% vs 2023
2018 → 2024
Total assets
€467k▼ 1.7%
2023 · €475k
2018: €610khighest in 7 years
2019: €573k▼ -6.1% vs 2018
2020: €509k▼ -11.2% vs 2019
2021: €516k▲ +1.5% vs 2020
2022: €519k▲ +0.6% vs 2021
2023: €475k▼ -8.5% vs 2022
2024: €467k▼ -1.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€6k▼ 11.8%
2023 · €7k
2018: €-6k
2019: €-3k▲ +40.4% vs 2018
2020: €-28k▼ -723% vs 2019lowest in 7 years
2021: €20k▲ +172% vs 2020highest in 7 years
2022: €-7k▼ -134% vs 2021
2023: €7k▲ +198% vs 2022
2024: €6k▼ -11.8% vs 2023
2018 → 2024
Working capital
€31k▼ 15.9%
2023 · €37k
2018: €-23klowest in 7 years
2019: €-4k▲ +82.4% vs 2018
2020: €-14k▼ -242% vs 2019
2021: €49k▲ +452% vs 2020highest in 7 years
2022: €34k▼ -30.1% vs 2021
2023: €37k▲ +9.2% vs 2022
2024: €31k▼ -15.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-2k-€18k€11k▼ 38.0%€18k▲ 59.9%€24k▲ 33.0%
2020: €-2klowest in 5 years
2021: €18k▲ +1023% vs 2020
2022: €11k▼ -38.0% vs 2021
2023: €18k▲ +59.9% vs 2022
2024: €24k▲ +33.0% vs 2023highest in 5 years
Operating result€-17k-€31k€3k▼ 90.8%€16k▲ 476%€15k▼ 8.2%
2020: €-17klowest in 5 years
2021: €31k▲ +280% vs 2020highest in 5 years
2022: €3k▼ -90.8% vs 2021
2023: €16k▲ +476% vs 2022
2024: €15k▼ -8.2% vs 2023
Net result€-28k-€20k€-7k€7k€6k▼ 11.8%
2020: €-28klowest in 5 years
2021: €20k▲ +172% vs 2020highest in 5 years
2022: €-7k▼ -134% vs 2021
2023: €7k▲ +198% vs 2022
2024: €6k▼ -11.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €467k
Fixed assets
€373k ▼ 0.2%
Current assets
€95k ▼ 7.0%
Equity and liabilities €467k
Equity
€24k ▲ 33.0%
Debt
€444k ▼ 3.0%
Debt's share of the balance-sheet total falls from 96.2% to 94.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2023 · €76k
Cash flow
€70k▲
2023 · €66k
Current ratio
1.49▼
2023 · 1.58
Quick ratio
1.38▼
2023 · 1.47
Debt to equity
18.69▼
2023 · 25.65
ROE
24.8%▼
2023 · 37.5%
ROA
1.3%▼
2023 · 1.4%
Interest coverage
8.64▲
2023 · 7.73
Debt ≤ 1 year
€63k▼
2023 · €65k
Debt > 1 year
€380k▼
2023 · €393k
Income taxes
€0▲
2023 · €-117
Staff costs
€67k▲
2023 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€475k€467k▼
Fixed assets21/28€373k€373k▼
Tangible fixed assets22/27€373k€373k▼
Land and buildings22€235k€198k▼
Plant, machinery and equipment23€99k€145k▲
Other tangible fixed assets26€40k€30k▼
Current assets29/58€102k€95k▼
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€2k€7k▲
Trade receivables40€2k€7k▲
Other amounts receivable41€0€74▲
Cash at bank and in hand54/58€92k€81k▼
Equity and liabilities
Total equity and liabilities10/49€475k€467k▼
Equity10/15€18k€24k▲
Contributions10/11€20k€20k=
Reserves13€29k€29k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€-31k€-25k▲
Amounts payable17/49€457k€444k▼
Amounts payable after more than one year17€393k€380k▼
Financial debts170/4€294k€312k▲
Other amounts payable178/9€99k€69k▼
Amounts payable within one year42/48€65k€63k▼
Current portion of amounts payable after more than one year42€28k€33k▲
Trade debts44€21k€17k▼
Suppliers440/4€21k€17k▼
Taxes, remuneration and social security45€16k€14k▼
Taxes450/3€7k€9k▲
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Remuneration, social security and pensions62€63k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€64k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€143k€151k▲
Operating profit (loss)9901€16k€15k▼
Financial income75/76B€0€35▲
Recurring financial income75€0€35▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€7k€6k▼
Income taxes67/77€-117€0▲
Profit (loss) for the period9904€7k€6k▼
Profit (loss) for the period to be appropriated9905€7k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-25k▲
Profit (loss) brought forward from the previous period14P€-38k€-31k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €25k | €57k | €63k | €67k | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €58k | €59k | €59k | €64k | ▲ 8.1% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €5k | ▲ 2.2% |
| Gross operating margin9900 | €79k | €118k | €123k | €143k | €151k | ▲ 5.2% |
| Operating profit (loss)9901 | €-17k | €31k | €3k | €16k | €15k | ▼ 8.2% |
| Financial income75/76B | - | €0 | €405 | €0 | €35 | - |
| Recurring financial income75 | €0 | €0 | €405 | €0 | €35 | - |
| Financial charges65/66B | - | €11k | €10k | €10k | €9k | ▼ 6.5% |
| Recurring financial charges65 | €10k | €11k | €10k | €10k | €9k | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | €-27k | €20k | €-7k | €7k | €6k | ▼ 10.2% |
| Income taxes67/77 | €116 | €117 | €120 | €-117 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | €-28k | €20k | €-7k | €7k | €6k | ▼ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €20k | €-7k | €7k | €6k | ▼ 11.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €509k | €516k | €519k | €475k | €467k | ▼ 1.7% |
| Fixed assets21/28 | €482k | €423k | €401k | €373k | €373k | ▼ 0.2% |
| Tangible fixed assets22/27 | €482k | €423k | €401k | €373k | €373k | ▼ 0.2% |
| Land and buildings22 | - | €276k | €242k | €235k | €198k | ▼ 15.6% |
| Plant, machinery and equipment23 | - | €110k | €109k | €99k | €145k | ▲ 46.0% |
| Furniture and vehicles24 | - | €2k | €0 | - | - | - |
| Other tangible fixed assets26 | - | €35k | €50k | €40k | €30k | ▼ 24.5% |
| Current assets29/58 | €27k | €93k | €118k | €102k | €95k | ▼ 7.0% |
| Stocks and contracts in progress3 | €4k | €8k | €10k | €7k | €7k | = |
| Stocks30/36 | - | €8k | €10k | €7k | €7k | = |
| Amounts receivable within one year40/41 | €2k | €0 | €29k | €2k | €7k | ▲ 198% |
| Trade receivables40 | - | - | €29k | €2k | €7k | ▲ 195% |
| Other amounts receivable41 | - | €0 | €454 | €0 | €74 | - |
| Cash at bank and in hand54/58 | €20k | €85k | €80k | €92k | €81k | ▼ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €509k | €516k | €519k | €475k | €467k | ▼ 1.7% |
| Equity10/15 | €-2k | €18k | €11k | €18k | €24k | ▲ 33.0% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €29k | €29k | €29k | €29k | €29k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €0 | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | €0 | - | - |
| Distributable reserves133 | - | €27k | €27k | €29k | €29k | = |
| Profit (loss) carried forward14 | €-51k | €-31k | €-38k | €-31k | €-25k | ▲ 19.0% |
| Amounts payable17/49 | €511k | €498k | €508k | €457k | €444k | ▼ 3.0% |
| Amounts payable after more than one year17 | €470k | €454k | €424k | €393k | €380k | ▼ 3.2% |
| Financial debts170/4 | - | €349k | €322k | €294k | €312k | ▲ 5.9% |
| Other amounts payable178/9 | - | €105k | €102k | €99k | €69k | ▼ 30.4% |
| Amounts payable within one year42/48 | €41k | €44k | €84k | €65k | €63k | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | €28k | €27k | €28k | €33k | ▲ 17.7% |
| Trade debts44 | €2k | €8k | €40k | €21k | €17k | ▼ 16.7% |
| Suppliers440/4 | - | €8k | €40k | €21k | €17k | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €5k | €16k | €16k | €14k | ▼ 16.4% |
| Taxes450/3 | - | €5k | €10k | €7k | €9k | ▲ 16.4% |
| Remuneration and social security454/9 | - | €114 | €6k | €9k | €5k | ▼ 43.3% |
| Other amounts payable47/48 | - | €2k | €893 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €20k | €-7k | €7k | €6k | ▼ 11.8% |
| + Depreciation and write-downs630 | €59k | €58k | €59k | €59k | €64k | ▲ 8.1% |
| Operating cash flow (approximation) | €31k | €78k | €53k | €66k | €70k | ▲ 6.1% |
| Investment in fixed assets (approximation) | - | €0 | €-37k | €-32k | €-63k | ▼ 99.4% |
| Change in cash | - | €65k | €-5k | €13k | €-12k | ▼ 191% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.10
Current ratio from 0.66 to 2.10.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Menen · 1 establishment unit since 2015
Ground area
650 m²
Building footprint
106 m²
Volume, LiDAR
522 m³
Parcel 34372A0451/00V000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Royale Axkit
since 20152.237.361.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372A0451/00V000 | Flanders | 649 m² | 1 · 106 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.237.361.418
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,097 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47251Retail sale of wines and spirits
Scores and ratios are computed by Checked and are not a credit decision.