SINCE
Open bankruptcyFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 3 filings
Equity
-€59,094▼ 34.5%
2024 · -€43,942
Total assets
€5,886▲ 2.2%
2023 · €5,761
Net result
-€15,152▲ 44.7%
2024 · -€27,396
Working capital
-€45,174▼ 143%
2023 · -€18,556
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€14,925
▲ 45.1%
2025
20232025
Net result
-€15,152
▲ 44.7%
2025
lowest quarter of the sector
20232025
Equity
-€59,094
▼ 34.5%
2025
lowest quarter of the sector
20232025
Total assets
no figure
2025
20232025
Debt
€59,094
▲ 18.6%
2025
20232025
Working capital
no figure
2025
20232025
Solvency
no figure
2025
20232025
Current ratio
no figure
2025
20232025
Return on assets (ROA)
no figure
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€22,080--€27,197▼ 23.2%-€14,925▲ 45.1%
Net result-€22,146below the sector's middle half--€27,396below the sector's middle half▼ 23.7%-€15,152below the sector's middle half▲ 44.7%
Equity-€16,546below the sector's middle half--€43,942below the sector's middle half▼ 166%-€59,094below the sector's middle half▼ 34.5%
Total assets€5,761below the sector's middle half-€5,886below the sector's middle half▲ 2.2%
Debt€22,306-€49,828▲ 123%€59,094▲ 18.6%
Working capital-€18,556within the sector's middle half--€45,174below the sector's middle half▼ 143%
Solvency-287.2%below the sector's middle half--746.5%below the sector's middle half▼ 459.3pp
Current ratio0.17below the sector's middle half-0.08below the sector's middle half▼ 0.09
Return on assets (ROA)-384.4%below the sector's middle half--465.4%below the sector's middle half▼ 81.0pp
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €14,925, smaller than the loss of €27,197 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
EBITDA
-€14,708▲
2024 · -€25,632
Cash flow
-€14,935▲
2024 · -€25,831
Interest coverage
-64.87▲
2024 · -128.91
Debt ≤ 1 year
€59,094▲
2024 · €49,128
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,172 | €1,487 |
| Depreciation and write-downs of the year | €1,245 | €1,565 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,245 | €1,565 | €217 | ▼ 86.2% |
| Other operating charges640/8 | €153 | €1,118 | €414 | ▼ 63.0% |
| Non-recurring operating charges66A | - | - | €1,715 | - |
| Gross operating margin9900 | -€20,682 | -€24,514 | -€12,579 | ▲ 48.7% |
| Operating profit (loss)9901 | -€22,080 | -€27,197 | -€14,925 | ▲ 45.1% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €66 | €199 | €227 | ▲ 14.0% |
| Recurring financial charges65 | €66 | €199 | €227 | ▲ 14.0% |
| Profit (loss) for the period before taxes9903 | -€22,146 | -€27,396 | -€15,152 | ▲ 44.7% |
| Profit (loss) for the period9904 | -€22,146 | -€27,396 | -€15,152 | ▲ 44.7% |
| Profit (loss) for the period to be appropriated9905 | -€22,146 | -€27,396 | -€15,152 | ▲ 44.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5,761 | €5,886 | - | - |
| Formation expenses20 | €777 | €217 | - | - |
| Fixed assets21/28 | €1,234 | €1,715 | - | - |
| Tangible fixed assets22/27 | €1,234 | €1,715 | - | - |
| Furniture and vehicles24 | €1,234 | €1,715 | - | - |
| Current assets29/58 | €3,750 | €3,955 | - | - |
| Stocks and contracts in progress3 | €2,360 | €1,624 | - | - |
| Stocks30/36 | €2,360 | €1,624 | - | - |
| Amounts receivable within one year40/41 | €1,121 | €648 | - | - |
| Trade receivables40 | €99 | €116 | - | - |
| Other amounts receivable41 | €1,022 | €532 | - | - |
| Cash at bank and in hand54/58 | €269 | €1,683 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5,761 | €5,886 | - | - |
| Equity10/15 | -€16,546 | -€43,942 | -€59,094 | ▼ 34.5% |
| Contributions10/11 | €5,600 | €5,600 | €5,600 | = |
| Profit (loss) carried forward14 | -€22,146 | -€49,542 | -€64,694 | ▼ 30.6% |
| Amounts payable17/49 | €22,306 | €49,828 | €59,094 | ▲ 18.6% |
| Amounts payable within one year42/48 | €22,306 | €49,128 | €59,094 | ▲ 20.3% |
| Trade debts44 | €9,305 | €1,200 | €5,657 | ▲ 371% |
| Suppliers440/4 | €9,305 | €1,200 | €4,323 | ▲ 260% |
| Bills of exchange payable441 | - | - | €1,333 | - |
| Taxes, remuneration and social security45 | €66 | €1,095 | €1,791 | ▲ 63.5% |
| Taxes450/3 | €66 | €1,095 | €1,791 | ▲ 63.5% |
| Other amounts payable47/48 | €12,936 | €46,833 | €51,646 | ▲ 10.3% |
| Accrued charges and deferred income492/3 | - | €700 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,146 | -€27,396 | -€15,152 | ▲ 44.7% |
| + Depreciation and write-downs630 | €1,245 | €1,565 | €217 | ▼ 86.2% |
| Operating cash flow (approximation) | -€20,901 | -€25,831 | -€14,935 | ▲ 42.2% |
| Investment in fixed assets (approximation) | - | -€2,047 | - | - |
| Change in cash | - | €1,414 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.