SPOTS
ActiveSummary
SPOTS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71,972 and a net result of €1,839. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 18930 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-4
Solvency100▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 3.58 against 2.42 in 2023; short-term debt: 23.5% and cash: 49.1% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
76.5%
Return on assets
2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
30 d late
2021
43 d late
2020
23 d late
2019
31 d late
← 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 31 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€71,972▲ 2.6%
2023 · €70,134
Total assets
€94,077▼ 10.5%
2023 · €105,108
Net result
€1,839▼ 67.1%
2023 · €5,585
Working capital
€57,134▲ 14.7%
2023 · €49,819
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,142▼ 4.0%€31,965▲ 215%€19,688▼ 38.4%€8,519▼ 56.7%€5,639▼ 33.8%
Net result€22,261above the sector's middle half▲ 128%€33,941above the sector's middle half▲ 52.5%€14,389within the sector's middle half▼ 57.6%€5,585within the sector's middle half▼ 61.2%€1,839within the sector's middle half▼ 67.1%
Equity€16,218within the sector's middle half€50,159within the sector's middle half▲ 209%€64,548within the sector's middle half▲ 28.7%€70,134within the sector's middle half▲ 8.7%€71,972within the sector's middle half▲ 2.6%
Total assets€48,370within the sector's middle half▲ 26.9%€69,756within the sector's middle half▲ 44.2%€91,715within the sector's middle half▲ 31.5%€105,108within the sector's middle half▲ 14.6%€94,077within the sector's middle half▼ 10.5%
Debt€32,152▼ 27.2%€19,597▼ 39.0%€27,167▲ 38.6%€34,974▲ 28.7%€22,105▼ 36.8%
Working capital€3,948€32,779▲ 730%€42,885▲ 30.8%€49,819▲ 16.2%€57,134▲ 14.7%
Solvency33.5%within the sector's middle half▲ 49.4pp71.9%above the sector's middle half▲ 38.4pp70.4%above the sector's middle half▼ 1.5pp66.7%above the sector's middle half▼ 3.7pp76.5%above the sector's middle half▲ 9.8pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 34% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94,077
Fixed assets
€14,838 ▼ 27.0%
Current assets
€79,239 ▼ 6.6%
Equity and liabilities €94,077
Equity
€71,972 ▲ 2.6%
Debt
€22,105 ▼ 36.8%
Debt's share of the balance-sheet total falls from 33.3% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,116▼
2023 · €13,653
Cash flow
€7,316▼
2023 · €10,719
Current ratio
3.58▲
2023 · 2.42
Quick ratio
3.56▲
2023 · 2.32
Debt to equity
0.31▼
2023 · 0.50
ROE
2.6%▼
2023 · 8.0%
ROA
2.0%▼
2023 · 5.3%
Interest coverage
33.74▼
2023 · 37.74
Debt ≤ 1 year
€22,105▼
2023 · €34,974
Income taxes
€1,274▼
2023 · €1,503
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,651 | €2,474 | €4,636 | €5,134 | €5,477 | ▲ 6.7% |
| Other operating charges640/8 | - | €634 | €2,820 | €2,319 | €1,474 | ▼ 36.4% |
| Non-recurring operating charges66A | - | €179 | €726 | €1,941 | - | - |
| Gross operating margin9900 | €16,038 | €35,252 | €27,870 | €17,913 | €12,590 | ▼ 29.7% |
| Operating profit (loss)9901 | €10,142 | €31,965 | €19,688 | €8,519 | €5,639 | ▼ 33.8% |
| Financial income75/76B | - | €3,975 | €0 | - | - | - |
| Recurring financial income75 | - | €3,975 | €0 | - | - | - |
| Non-recurring financial income76B | - | €3,975 | - | - | - | - |
| Financial charges65/66B | - | €554 | €1,657 | €1,430 | €2,527 | ▲ 76.7% |
| Recurring financial charges65 | €69 | €60 | €75 | €362 | €329 | ▼ 8.9% |
| Non-recurring financial charges66B | - | €494 | €1,582 | €1,068 | €2,197 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | €22,261 | €35,385 | €18,031 | €7,089 | €3,113 | ▼ 56.1% |
| Income taxes67/77 | - | €1,445 | €3,642 | €1,503 | €1,274 | ▼ 15.3% |
| Profit (loss) for the period9904 | €22,261 | €33,941 | €14,389 | €5,585 | €1,839 | ▼ 67.1% |
| Profit (loss) for the period to be appropriated9905 | €22,261 | €33,941 | €14,389 | €5,585 | €1,839 | ▼ 67.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,370 | €69,756 | €91,715 | €105,108 | €94,077 | ▼ 10.5% |
| Fixed assets21/28 | €12,270 | €17,380 | €23,188 | €20,315 | €14,838 | ▼ 27.0% |
| Tangible fixed assets22/27 | €10,120 | €15,231 | €21,038 | €18,165 | €12,688 | ▼ 30.1% |
| Land and buildings22 | - | €5,646 | €4,454 | €3,712 | €2,970 | ▼ 20.0% |
| Plant, machinery and equipment23 | - | €8,964 | €6,947 | €4,930 | €2,913 | ▼ 40.9% |
| Furniture and vehicles24 | - | €621 | €9,637 | €9,523 | €6,806 | ▼ 28.5% |
| Financial fixed assets28 | €2,150 | €2,150 | €2,150 | €2,150 | €2,150 | = |
| Current assets29/58 | €36,100 | €52,376 | €68,527 | €84,793 | €79,239 | ▼ 6.6% |
| Stocks and contracts in progress3 | €2,850 | - | €3,520 | €3,745 | €480 | ▼ 87.2% |
| Stocks30/36 | - | - | €3,520 | €3,745 | €480 | ▼ 87.2% |
| Amounts receivable within one year40/41 | €436 | €3,315 | €5,029 | €7,979 | €32,599 | ▲ 309% |
| Trade receivables40 | - | €1,370 | - | - | - | - |
| Other amounts receivable41 | - | €1,945 | €5,029 | €7,979 | €32,599 | ▲ 309% |
| Cash at bank and in hand54/58 | €32,814 | €49,061 | €59,978 | €73,070 | €46,160 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,370 | €69,756 | €91,715 | €105,108 | €94,077 | ▼ 10.5% |
| Equity10/15 | €16,218 | €50,159 | €64,548 | €70,134 | €71,972 | ▲ 2.6% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€4,233 | €29,708 | €44,097 | €49,682 | €51,521 | ▲ 3.7% |
| Amounts payable17/49 | €32,152 | €19,597 | €27,167 | €34,974 | €22,105 | ▼ 36.8% |
| Amounts payable within one year42/48 | €32,152 | €19,597 | €25,642 | €34,974 | €22,105 | ▼ 36.8% |
| Trade debts44 | €8,538 | €7,980 | €6,502 | €20,402 | €4,216 | ▼ 79.3% |
| Suppliers440/4 | - | €7,980 | €6,502 | €20,402 | €4,216 | ▼ 79.3% |
| Taxes, remuneration and social security45 | - | €1,850 | €19,140 | €14,572 | €17,889 | ▲ 22.8% |
| Taxes450/3 | - | €1,850 | €19,140 | €14,572 | €17,889 | ▲ 22.8% |
| Other amounts payable47/48 | - | €9,768 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,525 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,261 | €33,941 | €14,389 | €5,585 | €1,839 | ▼ 67.1% |
| + Depreciation and write-downs630 | €1,651 | €2,474 | €4,636 | €5,134 | €5,477 | ▲ 6.7% |
| Operating cash flow (approximation) | €23,912 | €36,415 | €19,025 | €10,719 | €7,316 | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | -€7,584 | -€10,443 | -€2,261 | €0 | ▲ 100% |
| Change in cash | - | €16,247 | €10,917 | €13,091 | -€26,910 | ▼ 306% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €1,839 ▼67.1%
Net result drops to €1,839, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Highest result since 2018net €33,941 ▲52.5%
Operating result €31,965, net result €33,941, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.67
Current ratio from 1.12 to 2.67; short-term debt falls from €32,152 to €19,597.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Middelkerke · 1 establishment unit since 2002
Ground area
446 m²
Building footprint
164 m²
Volume, LiDAR
915 m³
Parcel 35022A0001/00P070, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SPOTS
since 20022.051.247.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0001/00P070 | Flanders | 446 m² | 1 · 164 m² | 10.4 m · 1 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 siteMiddelkerke2.051.247.914
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. 9,818 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded09-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442607139
Also
9925:BE0442607139
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.