SRL116

Active

Private limited companyfounded 20197 yrs activeGrasmarkt 116, 1000 Brussel, BelgiumKBO/BCE: BE 0718.708.632

The computed 12-month bankruptcy probability of SRL116 is 8.0% (elevated). The 2024 annual accounts show negative equity (€-177k) and a net result of €83k. Equity is shrinking by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 1762 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability96▲+10

Solvency0=

Growth58=

Track record100

Bankruptcy probability, 12 months

8.0% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.66 against 0.59 in 2023; short-term debt: 147.3% and cash: 7.5% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-47.3%

Return on assets

22.1%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1762 sector peers (2024).

NBB · sector comparison

Position among 1762 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

20 d late

2023

61 d late

2022

133 d late

2021

180 d late

2020

69 d late

2019

222 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€83k▲ 56.4%

2023 · €53k

2019: €3k 2020: €10k 2021: €-52k 2022: €-279k 2023: €53k

2019 → 2024

Working capital

€-187k▲ 30.7%

2023 · €-270k

2019: €9k 2020: €19k 2021: €-33k 2022: €-319k 2023: €-270k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€19k-€-33k€-312k▼ 845%€-259k▲ 16.9%€-177k▲ 31.8%

Operating result€11k-€-49k€-272k▼ 453%€110k€85k▼ 22.5%

Net result€10k-€-52k€-279k▼ 436%€53k€83k▲ 56.4%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 23% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €374k

97.2%

Fixed assets €11k▼ 3.4%

Current assets €363k▼ 5.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€89k▼

2023 · €113k

Cash flow

€86k▲

2023 · €56k

Solvency

-47.3%▲

2023 · -65.9%

Current ratio

0.66▲

2023 · 0.59

Quick ratio

0.65▲

2023 · 0.57

Debt / equity

-3.12▼

2023 · -2.52

ROA

22.1%▲

2023 · 13.4%

Interest coverage

36.90▲

2023 · 33.74

Debt

€551k▼

2023 · €653k

Debt ≤ 1 year

€551k▼

2023 · €653k

Staff costs

€330k▼

2023 · €371k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€394k€374k▼

Fixed assets21/28€11k€11k▼

Tangible fixed assets22/27€11k€11k▼

Plant, machinery and equipment23€3k€5k▲

Furniture and vehicles24€8k€6k▼

Current assets29/58€383k€363k▼

Stocks and contracts in progress3€10k€8k▼

Stocks30/36€10k€8k▼

Amounts receivable within one year40/41€343k€328k▼

Trade receivables40€239k€198k▼

Other amounts receivable41€105k€130k▲

Cash at bank and in hand54/58€30k€28k▼

Equity and liabilities

Total equity and liabilities10/49€394k€374k▼

Equity10/15€-259k€-177k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€-266k€-183k▲

Amounts payable17/49€653k€551k▼

Amounts payable within one year42/48€653k€551k▼

Trade debts44€502k€377k▼

Suppliers440/4€502k€377k▼

Taxes, remuneration and social security45€130k€159k▲

Taxes450/3€41k€65k▲

Remuneration and social security454/9€89k€94k▲

Other amounts payable47/48€21k€15k▼

Income statement Code20232024

Non-recurring operating income76A€363k€166k▼

Remuneration, social security and pensions62€371k€330k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲

Other operating charges640/8€5k€5k▲

Non-recurring operating charges66A€63k-

Gross operating margin9900€551k€423k▼

Operating profit (loss)9901€110k€85k▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€106k€83k▼

Income taxes67/77€54k-

Profit (loss) for the period9904€53k€83k▲

Profit (loss) for the period to be appropriated9905€53k€83k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-266k€-183k▲

Profit (loss) brought forward from the previous period14P€-319k€-266k▲

Social balance

Average headcount (FTE)908713.413.0▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

20-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 20 days late

2024

31-12

Financial Highest result since 2019net €83k ▲56.4%

Net result €83k, the highest in the series.

30-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 61 days late

2023

31-12

Financial Back to profitnet €53k

Net result €53k after 2 loss-making years.

11-12

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 133 days late

27-01

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 180 days late

2022

31-12

Financial Weakest financial yearnet €-279k

Net result drops to €-279k, the lowest in the series; recovery starts the following year.

2021

08-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 69 days late

10-03

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 222 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Brussel · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Grasmarkt 1161000 Brussel

Ground area

2,208 m²

Building footprint

3,622 m²

Volume, LiDAR

77,667 m³

Parcel 21804D1152/00R000, Brussels · tallest building 32.7 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

safe place

Grasmarkt 116, 1000 BrusselCafés and bars

since 20192.284.792.636

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21804D1152/00R000	Brussels	2,208 m²	1 · 3,622 m²	32.7 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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 site

Brussel2.284.792.636

1 permission

Drankgelegenheid · since 01-06-2019

Similar companies · same sector, comparable size

SUNSET BOULEVARD PROD

BE 0865.692.237

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BORË CONCEPT

BE 0466.173.387

La Louvière · Eq €19k

Of 335 companies in sector 56302 we hold annual accounts for 170. 111 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-01-2019

Fiscal year end31-12

Abbreviation FR 116

Activities, NACEBEL

56301Cafés and bars

56302Nightclubs

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

Phone:00000000000

Establishment Brussel 2.284.792.636