SR
ActiveSummary
The computed 12-month bankruptcy probability of SR is 3.6% (moderate). The 2025 annual accounts show equity of €45,018 and a net result of €34,176. Equity is growing by ~141.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 13484 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency61▲+26
Growth78=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.44 in 2024; short-term debt: 64% and cash: 29.2% of total assets), and 64% of the assets are financed with debt.
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Signals
Four 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36%
Return on assets
27.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 d early
2024
55 d early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€45,018▲ 315%
2024 · €10,841
Total assets
€125,170▲ 11.1%
2024 · €112,618
Net result
€34,176▼ 32.2%
2024 · €50,431
Working capital
-€31,354▲ 45.5%
2024 · -€57,480
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€27,422-€59,526€44,229▼ 25.7%
Net result-€27,589-€50,431€34,176▼ 32.2%
Equity-€24,589-€10,841€45,018▲ 315%
Total assets€119,228-€112,618▼ 5.5%€125,170▲ 11.1%
Debt€143,817-€101,776▼ 29.2%€80,152▼ 21.2%
Working capital-€102,092--€57,480▲ 43.7%-€31,354▲ 45.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125,170
Fixed assets
€76,372 ▲ 11.8%
Current assets
€48,798 ▲ 10.2%
Equity and liabilities €125,170
Equity
€45,018 ▲ 315%
Debt
€80,152 ▼ 21.2%
Debt's share of the balance-sheet total falls from 90.4% to 64.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,837▼
2024 · €71,424
Cash flow
€53,784▼
2024 · €62,329
Current ratio
0.61▲
2024 · 0.44
Quick ratio
0.55▲
2024 · 0.39
Debt to equity
1.78▼
2024 · 9.39
ROE
75.9%▼
2024 · 465.2%
ROA
27.3%▼
2024 · 44.8%
Interest coverage
124.57▼
2024 · 709.77
Debt ≤ 1 year
€80,152▼
2024 · €101,776
Income taxes
€9,540▲
2024 · €9,000
Staff costs
€1,949
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €194 | - | €1,949 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,549 | €11,898 | €19,608 | ▲ 64.8% |
| Other operating charges640/8 | €1,775 | €2,567 | €1,268 | ▼ 50.6% |
| Gross operating margin9900 | -€13,904 | €73,992 | €67,054 | ▼ 9.4% |
| Operating profit (loss)9901 | -€27,422 | €59,526 | €44,229 | ▼ 25.7% |
| Financial income75/76B | €0 | €5 | €0 | ▼ 97.9% |
| Recurring financial income75 | €0 | €5 | €0 | ▼ 97.9% |
| Financial charges65/66B | €167 | €101 | €512 | ▲ 409% |
| Recurring financial charges65 | €167 | €101 | €512 | ▲ 409% |
| Profit (loss) for the period before taxes9903 | -€27,589 | €59,431 | €43,717 | ▼ 26.4% |
| Income taxes67/77 | - | €9,000 | €9,540 | ▲ 6.0% |
| Profit (loss) for the period9904 | -€27,589 | €50,431 | €34,176 | ▼ 32.2% |
| Profit (loss) for the period to be appropriated9905 | -€27,589 | €50,431 | €34,176 | ▼ 32.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €119,228 | €112,618 | €125,170 | ▲ 11.1% |
| Fixed assets21/28 | €77,503 | €68,321 | €76,372 | ▲ 11.8% |
| Tangible fixed assets22/27 | €71,253 | €62,071 | €70,122 | ▲ 13.0% |
| Land and buildings22 | €7,759 | €7,188 | €12,164 | ▲ 69.2% |
| Plant, machinery and equipment23 | €29,302 | €23,858 | €36,767 | ▲ 54.1% |
| Furniture and vehicles24 | €34,192 | €31,025 | €21,190 | ▼ 31.7% |
| Financial fixed assets28 | €6,250 | €6,250 | €6,250 | = |
| Current assets29/58 | €41,725 | €44,297 | €48,798 | ▲ 10.2% |
| Stocks and contracts in progress3 | €4,500 | €4,500 | €4,500 | = |
| Stocks30/36 | €4,500 | €4,500 | €4,500 | = |
| Amounts receivable within one year40/41 | €6,662 | €6,264 | €7,166 | ▲ 14.4% |
| Other amounts receivable41 | €6,662 | €6,264 | €7,166 | ▲ 14.4% |
| Cash at bank and in hand54/58 | €30,563 | €33,356 | €36,574 | ▲ 9.6% |
| Deferred charges and accrued income490/1 | - | €177 | €558 | ▲ 215% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €119,228 | €112,618 | €125,170 | ▲ 11.1% |
| Equity10/15 | -€24,589 | €10,841 | €45,018 | ▲ 315% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | €3,000 | €3,000 | €3,000 | = |
| Other1109/19 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€27,589 | €7,841 | €42,018 | ▲ 436% |
| Amounts payable17/49 | €143,817 | €101,776 | €80,152 | ▼ 21.2% |
| Amounts payable within one year42/48 | €143,817 | €101,776 | €80,152 | ▼ 21.2% |
| Trade debts44 | €13,861 | €15,383 | €52,148 | ▲ 239% |
| Suppliers440/4 | €13,861 | €15,383 | €52,148 | ▲ 239% |
| Taxes, remuneration and social security45 | €8,880 | €15,730 | €22,593 | ▲ 43.6% |
| Taxes450/3 | €8,880 | €15,730 | €22,593 | ▲ 43.6% |
| Other amounts payable47/48 | €121,076 | €70,663 | €5,411 | ▼ 92.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,589 | €50,431 | €34,176 | ▼ 32.2% |
| + Depreciation and write-downs630 | €11,549 | €11,898 | €19,608 | ▲ 64.8% |
| Operating cash flow (approximation) | -€16,040 | €62,329 | €53,784 | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | -€2,716 | -€27,659 | ▼ 918% |
| Change in cash | - | €2,792 | €3,219 | ▲ 15.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €50,431
Net result €50,431 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ledegem · 1 establishment unit since 2025
Ground area
529 m²
Building footprint
171 m²
Volume, LiDAR
1,076 m³
Parcel 36010D0490/00P002, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Masala Flavours-Munchies Pizza
since 20252.367.564.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010D0490/00P002 | Flanders | 528 m² | 1 · 171 m² | 11.4 m · 2 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 siteLedegem2.367.564.419
Similar companies · same sector, comparable size
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MEERSMAN
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NOUVELLE PAGE
BE 0555.999.050
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ELIFBARAN
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Mortsel · Eq €44,977
Of 20,506 companies in sector 56111 we hold annual accounts for 11,451. 9,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2022
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.