SDR Horeca
ActiveThe computed 12-month bankruptcy probability of SDR Horeca is 1.9% (moderate). The 2025 annual accounts show equity of €67k and a net result of €-4k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 58% of 13270 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-45
Solvency65▼-35
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 6.42 in 2024; short-term debt: 38.1% and cash: 24.7% of total assets), but 60.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
39.9%
Return on assets
-2.6%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
66 d early
2024
on the day
2023
56 d early
2022
3 d late
2021
41 d early
2020
23 d late
2019
55 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€67k▼ 40.9%
2024 · €113k
2018: €51k
2019: €60k
2020: €93k
2021: €93k
2022: €100k
2023: €103k
2024: €113k
2018 → 2025
Total assets
€167k▲ 27.6%
2024 · €131k
2018: €81k
2019: €72k
2020: €132k
2021: €123k
2022: €124k
2023: €125k
2024: €131k
2018 → 2025
Net result
€-4k
2024 · €10k
2018: €17k
2019: €8k
2020: €33k
2021: €101
2022: €7k
2023: €3k
2024: €10k
2018 → 2025
Working capital
€54k▼ 44.5%
2024 · €98k
2018: €46k
2019: €57k
2020: €70k
2021: €76k
2022: €82k
2023: €86k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€100k▲ 8.0%€103k▲ 2.7%€113k▲ 9.7%€67k▼ 40.9%
Operating result€1k-€11k▲ 862%€6k▼ 49.5%€14k▲ 147%€-4k
Net result€101-€7k▲ 7,234%€3k▼ 63.3%€10k▲ 264%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167k
Fixed assets
€49k▲ 227%
Current assets
€118k▲ 1.8%
Equity and liabilities €167k
Equity
€67k▼ 40.9%
Debt
€101k▲ 456%
The debt ratio rises from 13.8% to 60.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €21k
Cash flow
€4k▼
2024 · €17k
Solvency
39.9%▼
2024 · 86.2%
Current ratio
1.85▼
2024 · 6.42
Quick ratio
1.74▼
2024 · 6.08
Debt / equity
1.50▲
2024 · 0.16
ROE
-6.6%▼
2024 · 8.8%
ROA
-2.6%▼
2024 · 7.6%
Interest coverage
2.14▼
2024 · 15.08
Debt
€101k▲
2024 · €18k
Debt ≤ 1 year
€64k▲
2024 · €18k
Debt > 1 year
€37k
Income taxes
€255▼
2024 · €5k
Staff costs
€57k▲
2024 · €43k
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€131k€167k▲
Fixed assets21/28€15k€49k▲
Tangible fixed assets22/27€15k€49k▲
Plant, machinery and equipment23€2k€786▼
Furniture and vehicles24€13k€47k▲
Other tangible fixed assets26-€2k
Current assets29/58€116k€118k▲
Amounts receivable after more than one year29€53k€53k=
Other amounts receivable291€53k€53k=
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€18k€15k▼
Trade receivables40€45€0▼
Other amounts receivable41€18k€15k▼
Cash at bank and in hand54/58€38k€41k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€131k€167k▲
Equity10/15€113k€67k▼
Contributions10/11€6k€6k=
Reserves13€107k€61k▼
Distributable reserves133€107k€61k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€18k€101k▲
Amounts payable after more than one year17-€37k
Financial debts170/4-€37k
Amounts payable within one year42/48€18k€64k▲
Current portion of amounts payable after more than one year42€0€9k▲
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€73€91▲
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48-€42k
Income statement
Code20242025
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€43k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€525€0▼
Gross operating margin9900€67k€62k▼
Operating profit (loss)9901€14k€-4k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€15k€-4k▼
Income taxes67/77€5k€255▼
Profit (loss) for the period9904€10k€-4k▼
Profit (loss) for the period to be appropriated9905€10k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€-4k▼
Transfer from equity791/2-€46k
Transfer to equity691/2€10k€0▼
To other reserves6921€10k€0▼
Profit to be distributed694/7-€42k
Return on contributions (dividend)694-€42k
The notes to these accounts (12 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-4k ▼144%
Net result drops to €-4k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Equity above €100kEq €100k ▲8%
5 profitable years in a row build equity to €100k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €33k ▲293%
Operating result €50k, net result €33k, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 5.70
Current ratio from 2.58 to 5.70; short-term debt falls from €29k to €12k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 392 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Alken · 1 establishment unit since 2016
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.
O. L. Vrouwstraat 1673570 AlkenGround area
1,916 m²
Building footprint
383 m²
Volume, LiDAR
1,664 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pizzeria Luigi
since 20162.256.735.187
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001B0696/00P002 | Flanders | 1,228 m² | 1 · 226 m² | 8.1 m · 1 fl. |
| 73001A0214/00V002 | Flanders | 689 m² | 1 · 158 m² | 9.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAlken2.256.735.187
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.