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SOWL

Active
Public limited companyfounded 200719 yrs activeElsense Steenweg 12, 1050 Elsene, BelgiumKBO/BCE: BE 0888.719.344
Summary

The computed 12-month bankruptcy probability of SOWL is 4.9% (elevated). The 2026 annual accounts show negative equity (-€145,281) and a net result of -€2,776. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 172 sector peers (fiscal year 2026). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SOWLActiveChecked score 21/100
Risk analysis ReportCompare

Checked score

Score 2026
21 / 100
Critical
Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability0=
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 1.26 in 2025; short-term debt: 258.2% and cash: 30.1% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 2026
Solvency, return and age of the figures
Solvency
-802.7%
Return on assets
-15.3%
Age of the figures
8 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity 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 filings
Deviation from the deadline
2026
40 d early
2025
60 d late
2024
3 d early
2023
20 d early
2022
2 d early
2021
11 d early
2020
11 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-01-2027 close31-08-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 13 April 2007, SOWL was incorporated.1 Revenue went from EUR 495,189 in 2020 to EUR 114,592 in 2024 and headcount from 7.1 full-time equivalents in 2019 to 2.2 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2020 and 2024

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Financials · fiscal year 2026, full schema

Turnover
€114,592▼ 71.1%
2023 · €396,534
EBIT margin
40.8%▲ 102.4pp
2023 · -61.6%
Net result
-€2,776▲ 87.8%
2025 · -€22,779
Working capital
-€28,624
2025 · €19,589
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
Line20222023202420252026
Turnover€507,112▲ 76.1%€396,534▼ 21.8%€114,592▼ 71.1%
Operating result-€641,912▼ 334%-€244,180▲ 62.0%€46,726-€28,092€831
Net result-€651,559below the sector's middle half▼ 315%-€247,611below the sector's middle half▲ 62.0%€100,520above the sector's middle half-€22,779-€2,776▲ 87.8%
EBIT margin-126.6%▼ 75.3pp-61.6%▲ 65.0pp40.8%▲ 102.4pp
Equity€27,365within the sector's middle half-€220,246below the sector's middle half-€119,726below the sector's middle half▲ 45.6%-€142,505▼ 19.0%-€145,281▼ 1.9%
Total assets€581,542within the sector's middle half▼ 39.3%€360,666within the sector's middle half▼ 38.0%€168,356within the sector's middle half▼ 53.3%€93,743▼ 44.3%€18,099▼ 80.7%
Debt€554,177▼ 56.0%€580,912▲ 4.8%€288,082▼ 50.4%€236,248▼ 18.0%€163,380▼ 30.8%
Working capital-€13,727within the sector's middle half▲ 97.8%-€114,551below the sector's middle half▼ 734%€87,119within the sector's middle half€19,589▼ 77.5%-€28,624
Solvency4.7%within the sector's middle half▲ 36.3pp-61.1%below the sector's middle half▼ 65.8pp-71.1%below the sector's middle half▼ 10.0pp-152.0%▼ 80.9pp-802.7%▼ 650.7pp
Current ratio0.95within the sector's middle half▲ 0.630.65within the sector's middle half▼ 0.292.07above the sector's middle half▲ 1.421.26▼ 0.810.39▼ 0.88
Return on assets (ROA)-112.0%below the sector's middle half▼ 95.6pp-68.7%below the sector's middle half▲ 43.4pp59.7%above the sector's middle half▲ 128.4pp-24.3%▼ 84.0pp-15.3%▲ 9.0pp
Staff (FTE)11.4within the sector's middle half▲ 8.6%8.1within the sector's middle half▼ 28.9%2.2below the sector's middle half▼ 72.8%
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.
Result per fiscal year
Operating resultNet result
-€800,000-€600,000-€400,000-€200,000€0€200,000Operating result 2022: -€641,912-€641,912Net result 2022: -€651,559-€651,559Operating result 2023: -€244,180-€244,180Net result 2023: -€247,611-€247,611Operating result 2024: €46,726€46,726Net result 2024: €100,520€100,520Operating result 2025: -€28,092-€28,092Net result 2025: -€22,779-€22,779Operating result 2026: €831€831Net result 2026: -€2,776-€2,77620222023202420252026-€50,000€0€50,000€100,000Operating result 2024: €46,726€46,700Net result 2024: €100,520€101,000Operating result 2025: -€28,092-€28,100Net result 2025: -€22,779-€22,800Operating result 2026: €831€831Net result 2026: -€2,776-€2,780202420252026
The operating result returns to profit in 2026: €831 after a loss of €28,092 in 2025.
Key figures and ratios
2026 value · change against 2025
Debt ≤ 1 year
€46,723▼
2025 · €74,154
Debt > 1 year
€116,657▼
2025 · €162,094
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
5.8% went bankrupt
8.1% stopped otherwise
85% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.9% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 6,906 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines
Balance sheet Code20252026
Assets
Total assets20/58€93,743€18,099▼
Current assets29/58€93,743€18,099▼
Amounts receivable within one year40/41€72,085€12,653▼
Trade receivables40€75-
Other amounts receivable41€72,011€12,653▼
Cash at bank and in hand54/58€21,657€5,446▼
Equity and liabilities
Total equity and liabilities10/49€93,743€18,099▼
Equity10/15-€142,505-€145,281▼
Contributions10/11€1.4m€1.4m=
Capital10€1.4m€1.4m=
Issued capital100€1.4m€1.4m=
Reserves13€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Profit (loss) carried forward14-€1.6m-€1.6m▼
Amounts payable17/49€236,248€163,380▼
Amounts payable after more than one year17€162,094€116,657▼
Financial debts170/4€162,094€116,657▼
Credit institutions173€162,094-
Amounts payable within one year42/48€74,154€46,723▼
Current portion of amounts payable after more than one year42€44,751€45,437▲
Trade debts44€29,403€1,286▼
Suppliers440/4€29,403€1,286▼
Income statement Code20252026
Operating income70/76A€255-
Other operating income74€255-
Operating charges60/66A€28,347-
Goods, raw materials, services and sundry goods60/61-€2,066
Services and other goods61€24,894-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1,490-€455▼
Other operating charges640/8€1,963€10,578▲
Gross operating margin9900-€10,954
Operating profit (loss)9901-€28,092€831▲
Financial income75/76B€9,520-
Recurring financial income75€9,520-
Other financial income752/9€9,520-
Financial charges65/66B€4,207€3,607▼
Recurring financial charges65€4,207€3,607▼
Debt charges650€3,518-
Other financial charges652/9€688-
Profit (loss) for the period before taxes9903-€22,779-€2,776▲
Profit (loss) for the period9904-€22,779-€2,776▲
Profit (loss) for the period to be appropriated9905-€22,779-€2,776▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.6m-€1.6m▼
Profit (loss) brought forward from the previous period14P-€1.6m-€1.6m▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Operating income70/76A€547,528€609,051€118,401€255--
Turnover70€507,112€396,534€114,592---
Other operating income74€40,416€29,041€3,810€255--
Non-recurring operating income76A-€183,477----
Operating charges60/66A€1.2m€853,231€71,676€28,347--
Goods, raw materials, services and sundry goods60/61----€2,066-
Goods for resale, raw materials and consumables60€233,656€159,295€36,238---
Purchases600/8€224,897€158,132€33,761---
Change in stocks: decrease (increase)609€8,760€1,163€2,477---
Services and other goods61€261,479€236,028€4,720€24,894--
Remuneration, social security and pensions62€309,375€248,066€27,407---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160,777€173,085----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€1,490-€455▼ 131%
Other operating charges640/8€2,728€175€3,311€1,963€10,578▲ 439%
Non-recurring operating charges66A€221,424€36,582----
Gross operating margin9900----€10,954-
Operating profit (loss)9901-€641,912-€244,180€46,726-€28,092€831▲ 103%
Financial income75/76B€522€5,105€64,227€9,520--
Recurring financial income75€522€5,105€2,937€9,520--
Income from current assets751€522€5,105----
Other financial income752/9--€2,937€9,520--
Non-recurring financial income76B--€61,291---
Financial charges65/66B€9,223€8,254€9,390€4,207€3,607▼ 14.3%
Recurring financial charges65€9,223€8,254€9,390€4,207€3,607▼ 14.3%
Debt charges650€5,473€5,097€4,152€3,518--
Other financial charges652/9€3,751€3,157€5,237€688--
Profit (loss) for the period before taxes9903-€650,613-€247,330€101,563-€22,779-€2,776▲ 87.8%
Income taxes67/77€945€281€1,043---
Taxes670/3€945€281€1,043---
Profit (loss) for the period9904-€651,559-€247,611€100,520-€22,779-€2,776▲ 87.8%
Profit (loss) for the period to be appropriated9905-€651,559-€247,611€100,520-€22,779-€2,776▲ 87.8%
Line20222023202420252026Change
Assets
Total assets20/58€581,542€360,666€168,356€93,743€18,099▼ 80.7%
Fixed assets21/28€335,415€145,215----
Intangible fixed assets21€105,554€52,729----
Tangible fixed assets22/27€209,664€72,271----
Plant, machinery and equipment23€194,194€72,271----
Furniture and vehicles24€15,470-----
Financial fixed assets28€20,197€20,215----
Other financial fixed assets284/8€20,197€20,215----
Amounts receivable and cash guarantees285/8€20,197€20,215----
Current assets29/58€246,127€215,450€168,356€93,743€18,099▼ 80.7%
Stocks and contracts in progress3€3,640€2,477----
Stocks30/36€3,640€2,477----
Goods purchased for resale34€3,640€2,477----
Amounts receivable within one year40/41€136,081€176,482€88,149€72,085€12,653▼ 82.4%
Trade receivables40€3,243€2,979€4,495€75--
Other amounts receivable41€132,839€173,503€83,654€72,011€12,653▼ 82.4%
Cash at bank and in hand54/58€89,784€16,657€80,207€21,657€5,446▼ 74.9%
Deferred charges and accrued income490/1€16,622€19,834----
Equity and liabilities
Total equity and liabilities10/49€581,542€360,666€168,356€93,743€18,099▼ 80.7%
Equity10/15€27,365-€220,246-€119,726-€142,505-€145,281▼ 1.9%
Contributions10/11€1.4m€1.4m€1.4m€1.4m€1.4m=
Capital10€1.4m€1.4m€1.4m€1.4m€1.4m=
Issued capital100€1.4m€1.4m€1.4m€1.4m€1.4m=
Reserves13€6,200€6,200€6,200€6,200€6,200=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Profit (loss) carried forward14-€1.4m-€1.7m-€1.6m-€1.6m-€1.6m▼ 0.2%
Amounts payable17/49€554,177€580,912€288,082€236,248€163,380▼ 30.8%
Amounts payable after more than one year17€294,322€250,911€206,845€162,094€116,657▼ 28.0%
Financial debts170/4€294,322€250,911€206,845€162,094€116,657▼ 28.0%
Credit institutions173€294,322€250,911€206,845€162,094--
Amounts payable within one year42/48€259,855€330,001€81,237€74,154€46,723▼ 37.0%
Current portion of amounts payable after more than one year42€42,757€43,412€44,066€44,751€45,437▲ 1.5%
Trade debts44€166,349€256,125€36,231€29,403€1,286▼ 95.6%
Suppliers440/4€166,349€256,125€36,231€29,403€1,286▼ 95.6%
Taxes, remuneration and social security45€41,374€30,465€939---
Taxes450/3€344€1,060€939---
Remuneration and social security454/9€41,030€29,405----
Other amounts payable47/48€9,375-----
Line20222023202420252026Change
Profit (loss) for the period9904-€651,559-€247,611€100,520-€22,779-€2,776▲ 87.8%
+ Depreciation and write-downs630€160,777€173,085----
Operating cash flow (approximation)-€490,781-€74,526€100,520-€22,779-€2,776▲ 87.8%
Investment in fixed assets (approximation)-€17,114----
Change in cash--€73,126€63,549-€58,549-€16,211▲ 72.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2027, expected by 31-08-2027
2026
22-07
NBB filing Annual accounts filed
fiscal year 2026 · full schema
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 60 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema
31-01
Financial Back to profitnet €100,520
Net result €100,520 after 5 loss-making years.
31-01
Financial Liquidity triplescurrent ratio 2.07
Current ratio from 0.65 to 2.07; short-term debt falls from €330,001 to €81,237.
2023
11-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema
31-01
Financial Weakest financial yearnet -€651,559
Net result drops to -€651,559, the lowest in the series; recovery starts the following year.
2021
20-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2020
11-09
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 11 days late
2019
29-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
18-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 18 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts

We know of 12 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
No directors read yet: 0 of 12 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 2 establishment units since 2007
seat establishment All 2 establishment units on the map
Ground area
1.1 ha
Building footprint
5,513 m²
Volume, LiDAR
141,971 m³
3 parcels, Brussels · tallest building 32.2 m, ±9 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
SOWL
Wetstraat 238, 1040 BrusselNACE 5530201
since 20072.161.719.630
SOWL
Trierstraat 42, 1050 ElseneLimited-service restaurants
since 20192.293.460.377
3 parcels
Brussels 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21806F0363/00F002 Brussels 1.0 ha 1 · 5,177 m² 32.2 m · 9 fl.
21442A0007/00X008 Brussels 213 m² 1 · 145 m² 20.8 m · 5 fl.
21009A0766/00Z000 Brussels 190 m² 1 · 190 m² 21.4 m · 6 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. IRIS BELGIUM 80%
  2. EXKI 99.99%
  3. SOWL

Highest known parent: IRIS BELGIUM. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-01-2026 list no holdings, and no other source names one.

According to the annual accounts to 31-01-2026 of SOWL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Bruxelles2.161.719.630
2 permissions
Toelating · Detailhandel met verwerking · since 07-12-2018
Toelating · Eetgelegenheid · since 07-12-2018

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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,835 companies in this sector we hold annual accounts for 9,786. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded13-04-2007
Fiscal year end31-01
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
55300Accommodation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0888719344
Registered 07-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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