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S. concepts

Active
Private limited companyfounded 20242 yrs activeAldestraat 20, 3500 Hasselt, BelgiumKBO/BCE: BE 1009.729.517
Summary

The computed 12-month bankruptcy probability of S. concepts is 6.2% (elevated). The 2025 annual accounts show negative equity (-€19,776) and a net result of -€23,776. Its solvency ranks better than 19% of 13617 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability0
Solvency3
Growth-
Track record67
Bankruptcy probability, 12 months
6.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79; short-term debt: 37.4% and cash: 6% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-21.7%
Return on assets
-26.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 30-07-2026, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
1 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

S. concepts was incorporated on 27 May 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€19,776
Total assets
€91,112
Net result
-€23,776
Working capital
-€7,033

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €91,112
Fixed assets €64,081
Current assets €27,031
Key figures and ratios
2025 value
EBITDA
-€700
Cash flow
-€7,580
Solvency
-21.7%
Current ratio
0.79
Quick ratio
0.76
Debt to equity
-5.61
ROA
-26.1%
Interest coverage
-0.10
Debt
€110,888
Debt ≤ 1 year
€34,065
Debt > 1 year
€76,823
Staff costs
€48,781

Peer companies

Historical observation

Of the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.9% went bankrupt
5.6% stopped otherwise
85% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 7,638 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
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€91,112
Fixed assets21/28€64,081
Tangible fixed assets22/27€63,181
Plant, machinery and equipment23€6,145
Furniture and vehicles24€5,081
Other tangible fixed assets26€51,955
Financial fixed assets28€900
Current assets29/58€27,031
Stocks and contracts in progress3€1,019
Stocks30/36€1,019
Amounts receivable within one year40/41€10,804
Trade receivables40€10,804
Cash at bank and in hand54/58€5,440
Deferred charges and accrued income490/1€9,768
Equity and liabilities
Total equity and liabilities10/49€91,112
Equity10/15-€19,776
Contributions10/11€4,000
Profit (loss) carried forward14-€23,776
Amounts payable17/49€110,888
Amounts payable after more than one year17€76,823
Financial debts170/4€76,823
Amounts payable within one year42/48€34,065
Current portion of amounts payable after more than one year42€11,685
Trade debts44€16,403
Suppliers440/4€16,403
Taxes, remuneration and social security45€5,781
Taxes450/3€4,531
Remuneration and social security454/9€1,251
Other amounts payable47/48€195
Income statement Code2025
Remuneration, social security and pensions62€48,781
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,195
Other operating charges640/8€2,637
Gross operating margin9900€50,718
Operating profit (loss)9901-€16,895
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€6,881
Recurring financial charges65€6,881
Profit (loss) for the period before taxes9903-€23,776
Profit (loss) for the period9904-€23,776
Profit (loss) for the period to be appropriated9905-€23,776
Appropriation of the result
Profit (loss) to be appropriated9906-€23,776

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€48,781
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,195
Other operating charges640/8€2,637
Gross operating margin9900€50,718
Operating profit (loss)9901-€16,895
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€6,881
Recurring financial charges65€6,881
Profit (loss) for the period before taxes9903-€23,776
Profit (loss) for the period9904-€23,776
Profit (loss) for the period to be appropriated9905-€23,776
Line2025
Assets
Total assets20/58€91,112
Fixed assets21/28€64,081
Tangible fixed assets22/27€63,181
Plant, machinery and equipment23€6,145
Furniture and vehicles24€5,081
Other tangible fixed assets26€51,955
Financial fixed assets28€900
Current assets29/58€27,031
Stocks and contracts in progress3€1,019
Stocks30/36€1,019
Amounts receivable within one year40/41€10,804
Trade receivables40€10,804
Cash at bank and in hand54/58€5,440
Deferred charges and accrued income490/1€9,768
Equity and liabilities
Total equity and liabilities10/49€91,112
Equity10/15-€19,776
Contributions10/11€4,000
Profit (loss) carried forward14-€23,776
Amounts payable17/49€110,888
Amounts payable after more than one year17€76,823
Financial debts170/4€76,823
Amounts payable within one year42/48€34,065
Current portion of amounts payable after more than one year42€11,685
Trade debts44€16,403
Suppliers440/4€16,403
Taxes, remuneration and social security45€5,781
Taxes450/3€4,531
Remuneration and social security454/9€1,251
Other amounts payable47/48€195
Line2025
Profit (loss) for the period9904-€23,776
+ Depreciation and write-downs630€16,195
Operating cash flow (approximation)-€7,580

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
30-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Hasselt · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
83 m²
Building footprint
83 m²
Volume, LiDAR
795 m³
Parcel 71022H1074/00A002, Flanders · tallest building 12.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Cèsi
Aldestraat 20, 3500 HasseltFull-service restaurants
since 20242.360.275.759
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71022H1074/00A002 Flanders 83 m² 1 · 83 m² 12.0 m · 4 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 site
Hasselt2.360.275.759
1 permission
Toelating · Eetgelegenheid · since 15-07-2024

Similar companies · same sector and region

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 20,509 companies in sector 56111 we hold annual accounts for 11,464. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded27-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009729517
Registered 28-07-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.