Equity
-€145,281
Debts exceed assets in financial year 2026.
SOWL
Lifetime
19 annual accounts with figures on one time axispeak €374,655 (2014)
€10,954
lowest -€651,559 (2022)
-€2,776▲ €20,003
peak €389,682 (2019)
-€145,281▼ €2,776
€163,380▼ 30.8%
peak 11.4 FTE (2022)
-not published
Board4 names since 2018
1 directorIRIS BELGIUM
Owners2 names in the annual accounts
99.99%EXKI
Documentsfilings and deeds
22-07-202640 days before the deadline
2026financial year
Loss of €2,776Debts from €236,248 to €163,380Cash from €21,657 to €5,446
Key points
from the 2026 annual accountsLosses
-€25,555 in two years
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
Debts
€163,380 903% of the balance sheet
Financial debts 71%Suppliers 1%Other 28%
Of this, €46,723 falls due within a year.
Payment terms
227 days to suppliers
SOWL pays its suppliers 204 days earlier than in 2025.
Liquidity
0.39 was 1.26 in 2025
Short-term debts fell from €74,154 to €46,723.
Position in the sector
-802.7%
Lower solvency than 95% of companies in food and beverage service. Sector median 25.6% · 43 companies.
Checked score
52
Fair
Financially stronger than 22% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 1.7%● unchanged vs 12-2024
02-2025: 1.8%▲ +0.1 percentage points vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.9%▲ +0.1 percentage points vs 03-2025
05-2025: 2.0%▲ +0.1 percentage points vs 04-2025
06-2025: 2.4%▲ +0.4 percentage points vs 05-2025
07-2025: 1.2%▼ -1.2 percentage points vs 06-2025lowest value
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.4%▲ +0.2 percentage points vs 08-2025
10-2025: 1.6%▲ +0.2 percentage points vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 3.0%▲ +1.4 percentage points vs 11-2025highest value
01-2026: 3.0%● unchanged vs 12-2025highest value
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 2.9%▼ -0.1 percentage points vs 02-2026
04-2026: 2.9%● unchanged vs 03-2026
05-2026: 2.9%● unchanged vs 04-2026
06-2026: 2.8%▼ -0.1 percentage points vs 05-2026
07-2026: 2.7%▼ -0.1 percentage points vs 06-2026
08-2026: 2.1%▼ -0.6 percentage points vs 07-2026
09-2026: 2.1%● unchanged vs 08-2026
10-2026: 2.1%● unchanged vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Negative equity -€145,281
Loss of €2,776, the second in a row (financial year 2026)
lowers risk
Size: total assets €18,099
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, micro). It does better than 9% of them on solvency, 32% on liquidity, 8% on profitability and 38% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-01-2026.
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, 6,907 companies had the same profile as SOWL has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOWL itself: 2.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,907 companies, not a prediction for SOWL. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.39 (1.26 in 2025), below 1. Short-term debt is 258.2% and cash 30.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€145,281
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 22-07-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 days early
2025
60 days late
2024
3 days early
2023
20 days early
2022
2 days early
2021
11 days early
2020
11 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day 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 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-01-2027 year end31-08-2027 deadline
Board and ownership
- EXKI 99.99%score 84equity €15.9m (2026) · annual accounts 31-01-2026
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0888719344
1 director appointed, 1 resignation
Permanent representatives: Stanislas Monheim and Luc Dossche · Resignation: Cipapi · Appointment: Iris Belgium · Board meeting of 04-06-2024 · Gazette deed
1 director appointed, 2 reappointments
Reappointments: EXKi and Cipapi · Permanent representatives: Frédéric Rouvez, Cyril Wolkonsky and Filip Dossche · Appointment: Drinks, Food & Health · General meeting of 13-06-2023 · Gazette deed
Registered office moved from Ixelles to Brussels
New registered office: Chaussée d'Ixelles 12 à 1050 Bruxelles · Previous registered office: Place du Champ de Mars 2, 1050 Ixelles · Board meeting of 04-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SOWL Ixelles | - | - | -802.7% | - |
| LE MEURISIER Molenbeek-Saint-Jean | €96,395 | 9.0% | 53.8% | - |
| SEYLAN Anderlecht | €70,072 | 14.7% | -209.9% | - |
| MAM Ghent | - | - | -152.7% | - |
| B.H.Y. Schaerbeek | - | - | -99.4% | 1 |
| SOLDERIE ASILAH Sint-Gillis (bij-Brussel) | - | - | -949.9% | - |
| MTD CATERING Brussels | - | - | 59.3% | - |
These companies have the same main activity as SOWL: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €14,200 and €26,500, founded between 2002 and 2007.
Official details
Source: KBO- Status
- Active since 13-04-2007Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 31-01-2025
- Establishment units
- 2.161.719.6301040 Brussels, since 24-04-2007
- 2.293.460.3771050 Ixelles, since 22-10-2019
- Financial year end
- 31 January
- Peppol
- Reachable since 07-07-2026
Annual accounts to 31-01-2026
- ≈ €120,000estimated
- €18,099▼ 80.7%
- Filing
- Filed on 22-07-2026, 40 days before the end of the filing period
Insights on SOWL
SOWL has existed since 2007. The gross margin fell from €374,655 in 2014 to €45,697 in 2015 and staff from 8.6 to 0.6 full-time equivalents.
Solvency fell in 2026 from -152.0% to -802.7% because of the loss.
EXKI 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 SOWL
- What is the company number of SOWL?
- The company number of SOWL is 0888.719.344. The VAT number is the same number with BE in front: BE 0888.719.344.
- Where is SOWL based?
- The registered office is at Elsense Steenweg 12, 1050 Ixelles.Company details
- What does SOWL 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 SOWL?
- SOWL is a public limited company (NV).
- When was SOWL founded?
- SOWL was founded on 13-04-2007.
- Is SOWL still active?
- Yes, SOWL is an active enterprise in the KBO register.
- How many employees does SOWL have?
- SOWL had an average of 2.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does SOWL fall under?
- In its 31-01-2025 annual accounts, SOWL states joint committee 302 (Hotels and catering).
- What is the turnover of SOWL?
- The turnover in financial year 2026 is ≈ €120,000. This figure is estimated from the gross margin of €10,954 and 36 comparable companies (NACE 56112). It probably lies between €68,000 and €220,000. It is a rough estimate. In financial year 2024 turnover was €114,592.
- Is SOWL profitable?
- In financial year 2026, SOWL made a loss of €2,776.
- Where can I find the annual accounts of SOWL?
- SOWL filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SOWL due?
- SOWL must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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