Financials
- Financial year
- 2024
- Total assets
- €746,972
- Loss
- -€46,725
- Solvency
- -18.0%
SNACK FACTORY
ActiveThe file of SNACK FACTORY contains 3 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 24.4% (high). The 2024 annual accounts show negative equity (-€134,226) and a net result of -€46,725. Equity is shrinking by about 44% per year across the filed financial years. Its solvency ranks better than 21% of 18,960 sector peers (NACE 56, financial year 2024).
Overview
Activity
Full-service restaurants
NACE 56111Limited-service restaurants, excluding mobile food services NACE 56112
1 site
Size
€746,972total assets 2024
- Staff
- 8.3 FTE
- Equity
- -€134,226
- Loss
- -€46,725
Turnover not published (micro format)
Structure
Accounts 70 days overdue0 of 3 deeds read
Why 10raises riskReorganisation plan being carried out (approved, Gazette 29-08-2025)1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 30-09-2025)lowers riskSize: total assets €746,972Show the evidence
Checked score
Score 2024
10
/ 100
Critical
Probability in this band: over 15.0%
Financially better than 17% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
7-8
equity -18.0% of total assets
Liquidity
14-8
short-term debt 69.8% · cash 1.4%
Profitability
18-41
return on assets -6.3%
Bankruptcy probability, 12 months
24.4%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.6%
12-2024: 1.6%● unchanged vs 11-2024
01-2025: 1.6%● unchanged vs 12-2024
02-2025: 1.6%● unchanged vs 01-2025
03-2025: 1.6%● unchanged vs 02-2025
04-2025: 1.4%▼ -0.2 percentage points vs 03-2025lowest value
08-2025: 14.6%
09-2025: 17.5%▲ +2.9 percentage points vs 08-2025
10-2025: 20.8%▲ +3.3 percentage points vs 09-2025
11-2025: 20.8%● unchanged vs 10-2025
12-2025: 20.8%● unchanged vs 11-2025
01-2026: 20.7%▼ -0.1 percentage points vs 12-2025
02-2026: 20.3%▼ -0.4 percentage points vs 01-2026
03-2026: 20.1%▼ -0.2 percentage points vs 02-2026
04-2026: 20.1%● unchanged vs 03-2026
05-2026: 19.3%▼ -0.8 percentage points vs 04-2026
06-2026: 19.3%● unchanged vs 05-2026
07-2026: 19.5%▲ +0.2 percentage points vs 06-2026
08-2026: 21.9%▲ +2.4 percentage points vs 07-2026
09-2026: 21.8%▼ -0.1 percentage points vs 08-2026
10-2026: 24.4%▲ +2.6 percentage points vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.32, compared with 0.47 in 2023; short-term debt: 69.8% and cash: 1.4% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 20% on solvency, 13% on liquidity, 24% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€134,226
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 days late
2023
28 days late
2022
91 days late
2021
48 days early
2020
26 days late
2019
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Plan homologationEnterprise Court of Liège ·…
- Filing of a new plan authorisedEnterprise Court of Liège, Namur…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€134,226 View
- Caution: From profit to loss in 2024after €43,346 in 2023 -€46,725 View
- Caution: Among the weakest 5% on net resultsector median €5,301 · 18,941 companies -€46,725 View
- Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
By topic
Timeline
- Events
- 16
- Since
- 2016
- 14-04-2025Opening
- 28-08-2024Annual accounts filed
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 29-10-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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