Schulpen
ActiveSummary
The computed 12-month bankruptcy probability of Schulpen is 3.4% (moderate). The 2024 annual accounts show negative equity (-€25,635) and a net result of -€4,201. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 2941 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-43
Solvency0=
Growth85▲+16
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.77 in 2023; short-term debt: 107.3% and cash: 18% 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 · 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
-27.5%
Return on assets
-4.5%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€25,635
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 09-07-2025, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
48 d late
2022
139 d late
2021
206 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 93 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€389,008▲ 214%
2023 · €123,693
EBIT margin
-0.8%▼ 41.9pp
2023 · 41.1%
Net result
-€4,201
2023 · €40,392
Working capital
-€67,150▼ 335%
2023 · -€15,422
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€111,185-€182,979▲ 64.6%€123,693▼ 32.4%€389,008▲ 214%
Operating result-€8,500--€24,266▼ 185%€50,826-€3,030
Net result-€11,619below the sector's middle half--€27,618below the sector's middle half▼ 138%€40,392within the sector's middle half-€4,201below the sector's middle half
EBIT margin-7.6%--13.3%▼ 5.6pp41.1%▲ 54.4pp-0.8%▼ 41.9pp
Equity-€31,994below the sector's middle half--€56,609below the sector's middle half▼ 76.9%-€23,725below the sector's middle half▲ 58.1%-€25,635below the sector's middle half▼ 8.1%
Total assets€97,957below the sector's middle half-€101,548below the sector's middle half▲ 3.7%€73,386below the sector's middle half▼ 27.7%€93,055below the sector's middle half▲ 26.8%
Debt€129,951-€158,158▲ 21.7%€97,111▼ 38.6%€118,690▲ 22.2%
Working capital-€37,813within the sector's middle half--€53,450within the sector's middle half▼ 41.4%-€15,422within the sector's middle half▲ 71.1%-€67,150within the sector's middle half▼ 335%
Solvency-32.7%below the sector's middle half--55.7%below the sector's middle half▼ 23.1pp-32.3%below the sector's middle half▲ 23.4pp-27.5%below the sector's middle half▲ 4.8pp
Current ratio0.46below the sector's middle half-0.48below the sector's middle half▲ 0.020.77within the sector's middle half▲ 0.290.33below the sector's middle half▼ 0.44
Return on assets (ROA)-11.9%below the sector's middle half--27.2%below the sector's middle half▼ 15.3pp55.0%above the sector's middle half▲ 82.2pp-4.5%below the sector's middle half▼ 59.6pp
Staff (FTE)1below the sector's middle half-1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3,030 after €50,826 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91,923
Fixed assets
€59,205 ▲ 184%
Current assets
€32,718 ▼ 36.4%
Key figures and ratios
EBITDA
€23,034▼
2023 · €71,919
Cash flow
€21,863▼
2023 · €61,485
Quick ratio
0.25▼
2023 · 0.77
Debt to equity
-4.63▼
2023 · -4.09
Interest coverage
24.30▼
2023 · 32.91
Debt ≤ 1 year
€99,868▲
2023 · €66,844
Debt > 1 year
€18,822▼
2023 · €30,267
Staff costs
€79,478▲
2023 · €28,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
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 3.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 1,564 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
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €111,185 | €182,979 | €123,693 | €389,008 | ▲ 214% |
| Non-recurring operating income76A | €12,742 | €97 | €100,709 | €15,577 | ▼ 84.5% |
| Goods, raw materials, services and sundry goods60/61 | €88,137 | €144,222 | €119,907 | €299,108 | ▲ 149% |
| Remuneration, social security and pensions62 | €22,932 | €32,694 | €28,516 | €79,478 | ▲ 179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,524 | €22,820 | €21,093 | €26,064 | ▲ 23.6% |
| Other operating charges640/8 | €834 | €7,412 | €4,060 | €2,965 | ▼ 27.0% |
| Gross operating margin9900 | €35,790 | €38,660 | €104,495 | €105,477 | ▲ 0.9% |
| Operating profit (loss)9901 | -€8,500 | -€24,266 | €50,826 | -€3,030 | ▼ 106% |
| Financial income75/76B | €48 | €3,630 | €11,283 | €574 | ▼ 94.9% |
| Recurring financial income75 | €42 | €3,532 | €11,283 | €574 | ▼ 94.9% |
| Non-recurring financial income76B | €6 | €98 | €0 | €0 | - |
| Financial charges65/66B | €3,166 | €6,982 | €21,717 | €1,745 | ▼ 92.0% |
| Recurring financial charges65 | €3,166 | €2,435 | €2,185 | €948 | ▼ 56.6% |
| Non-recurring financial charges66B | - | €4,547 | €19,532 | €797 | ▼ 95.9% |
| Profit (loss) for the period before taxes9903 | -€11,619 | -€27,618 | €40,392 | -€4,201 | ▼ 110% |
| Profit (loss) for the period9904 | -€11,619 | -€27,618 | €40,392 | -€4,201 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | -€11,619 | -€27,618 | €40,392 | -€4,201 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €97,957 | €101,548 | €73,386 | €93,055 | ▲ 26.8% |
| Formation expenses20 | €1,132 | €1,132 | €1,132 | €1,132 | = |
| Fixed assets21/28 | €65,129 | €51,836 | €20,832 | €59,205 | ▲ 184% |
| Intangible fixed assets21 | €41,071 | €30,357 | €19,823 | €20,803 | ▲ 4.9% |
| Tangible fixed assets22/27 | €22,990 | €21,479 | €1,009 | €23,902 | ▲ 2,269% |
| Land and buildings22 | €5,977 | €11,131 | €0 | €2,035 | - |
| Plant, machinery and equipment23 | €10,955 | €6,142 | €1,009 | €21,463 | ▲ 2,027% |
| Furniture and vehicles24 | €6,059 | €4,205 | €0 | €404 | - |
| Financial fixed assets28 | €1,068 | €0 | - | €14,500 | - |
| Current assets29/58 | €31,696 | €48,581 | €51,422 | €32,718 | ▼ 36.4% |
| Amounts receivable after more than one year29 | - | - | €914 | - | - |
| Trade receivables290 | - | - | €914 | - | - |
| Stocks and contracts in progress3 | €4,500 | €4,500 | €0 | €7,500 | - |
| Stocks30/36 | €4,500 | €4,500 | €0 | €7,500 | - |
| Amounts receivable within one year40/41 | €8,690 | €19,099 | €6,119 | €4,342 | ▼ 29.0% |
| Trade receivables40 | €733 | €3,703 | €989 | €3,035 | ▲ 207% |
| Other amounts receivable41 | €7,957 | €15,395 | €5,130 | €1,307 | ▼ 74.5% |
| Current investments50/53 | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €16,172 | €21,958 | €43,811 | €16,713 | ▼ 61.9% |
| Deferred charges and accrued income490/1 | €2,334 | €3,025 | €578 | €4,163 | ▲ 620% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €97,957 | €101,548 | €73,386 | €93,055 | ▲ 26.8% |
| Equity10/15 | -€31,994 | -€56,609 | -€23,725 | -€25,635 | ▼ 8.1% |
| Contributions10/11 | €18,850 | €18,850 | €18,850 | €18,850 | = |
| Capital10 | €18,850 | - | - | €18,850 | - |
| Issued capital100 | €18,850 | - | - | €18,850 | - |
| Profit (loss) carried forward14 | -€55,349 | -€82,967 | -€42,575 | -€46,754 | ▼ 9.8% |
| Investment grants15 | €4,505 | €7,508 | €0 | €2,269 | - |
| Amounts payable17/49 | €129,951 | €158,158 | €97,111 | €118,690 | ▲ 22.2% |
| Amounts payable after more than one year17 | €58,322 | €52,822 | €30,267 | €18,822 | ▼ 37.8% |
| Financial debts170/4 | €58,322 | €52,822 | €30,267 | €18,822 | ▼ 37.8% |
| Amounts payable within one year42/48 | €69,509 | €102,031 | €66,844 | €99,868 | ▲ 49.4% |
| Current portion of amounts payable after more than one year42 | €24,202 | €21,293 | €11,121 | €11,441 | ▲ 2.9% |
| Financial debts43 | €650 | - | - | - | - |
| Other loans439 | €650 | - | - | - | - |
| Trade debts44 | €20,776 | €28,041 | €14,521 | €19,509 | ▲ 34.4% |
| Suppliers440/4 | €20,776 | €28,041 | €14,521 | €19,509 | ▲ 34.4% |
| Taxes, remuneration and social security45 | €7,374 | €19,808 | €288 | €11,337 | ▲ 3,836% |
| Taxes450/3 | €6,093 | €14,339 | €288 | €2,950 | ▲ 924% |
| Remuneration and social security454/9 | €1,281 | €5,469 | - | €8,387 | - |
| Other amounts payable47/48 | €16,507 | €32,889 | €40,914 | €57,581 | ▲ 40.7% |
| Accrued charges and deferred income492/3 | €2,119 | €3,305 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,619 | -€27,618 | €40,392 | -€4,201 | ▼ 110% |
| + Depreciation and write-downs630 | €20,524 | €22,820 | €21,093 | €26,064 | ▲ 23.6% |
| Operating cash flow (approximation) | €8,906 | -€4,798 | €61,485 | €21,863 | ▼ 64.4% |
| Investment in fixed assets (approximation) | - | -€9,526 | €9,911 | -€64,437 | ▼ 750% |
| Change in cash | - | €5,785 | €21,853 | -€27,098 | ▼ 224% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 48 days late
2023
31-12
Financial
Back to profitnet €40,392
Net result €40,392 after 2 loss-making years.
17-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 139 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 206 days late
2022
31-12
Financial
Weakest financial yearnet -€27,618
Net result drops to -€27,618, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Kasterlee · 1 establishment unit since 2018
Ground area
2,521 m²
Building footprint
281 m²
Volume, LiDAR
1,387 m³
Parcel 13018F0112/00A000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schulpen
since 20182.280.629.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13018F0112/00A000 | Flanders | 2,521 m² | 1 · 281 m² | 7.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKasterlee2.280.629.653
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Of 20,500 companies in sector 56111 we hold annual accounts for 11,464. 2,155 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0702924059
Also
9925:BE0702924059
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.