STABLE
ActiveSummary
The computed 12-month bankruptcy probability of STABLE is 4.5% (elevated). The 2025 annual accounts show negative equity (-€247,898) and a net result of -€84,596. Equity is shrinking by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 3728 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability52▼-5
Solvency0▼-6
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.65 in 2024; short-term debt: 46.9% and cash: 6.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
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 2025Solvency, return and age of the figures
Solvency
-38.7%
Return on assets
-13.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€247,898
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 7 filingsDeviation from the deadline
2025
24 d late
2024
19 d late
2023
2 d early
2022
on the day
2021
25 d late
2020
33 d early
2019
31 d early
← 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 on the deadline day; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, abbreviated schema
Equity
-€247,898▼ 51.8%
2024 · -€163,302
Total assets
€640,141▼ 24.0%
2024 · €842,027
Net result
-€84,596
2024 · €223
Working capital
-€155,923▼ 19.4%
2024 · -€130,596
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
Line20212022202320242025
Operating result€40,195€60,195▲ 49.8%-€50,259€35,875-€80,675
Net result€32,058-€34,163-€83,600▼ 145%€223-€84,596
Equity-€45,762▲ 41.2%-€79,925▼ 74.7%-€163,525▼ 105%-€163,302▲ 0.1%-€247,898▼ 51.8%
Total assets€1.0m▲ 0.1%€1.0m▲ 2.3%€958,681▼ 6.4%€842,027▼ 12.2%€640,141▼ 24.0%
Debt€1.0m▼ 2.9%€1.1m▲ 5.5%€1.1m▲ 1.6%€1.0m▼ 10.4%€888,039▼ 11.7%
Working capital-€153,081▲ 16.5%-€57,199▲ 62.6%-€145,532▼ 154%-€130,596▲ 10.3%-€155,923▼ 19.4%
Staff (FTE)4.2▼ 8.7%9.3▲ 121%8.6▼ 7.5%8.7▲ 1.2%8.8▲ 1.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €80,675 after €35,875 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €640,141
Fixed assets
€496,051 ▼ 16.9%
Current assets
€144,090 ▼ 41.3%
Key figures and ratios
EBITDA
€38,958▼
2024 · €161,541
Cash flow
€35,037▼
2024 · €125,889
Solvency
-38.7%▼
2024 · -19.4%
Current ratio
0.48▼
2024 · 0.65
Quick ratio
0.16▼
2024 · 0.45
Debt to equity
-3.58▲
2024 · -6.16
ROA
-13.2%▼
2024 · 0.0%
Interest coverage
7.82▲
2024 · 4.53
Debt ≤ 1 year
€300,014▼
2024 · €375,879
Debt > 1 year
€588,026▼
2024 · €628,473
Staff costs
€399,101▲
2024 · €363,458
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,993 | - |
| Remuneration, social security and pensions62 | €143,271 | €300,429 | €341,885 | €363,458 | €399,101 | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,940 | €122,976 | €123,582 | €125,666 | €119,633 | ▼ 4.8% |
| Other operating charges640/8 | €1,576 | €2,304 | €3,090 | €2,918 | €2,592 | ▼ 11.1% |
| Non-recurring operating charges66A | - | €11,171 | - | - | - | - |
| Gross operating margin9900 | €303,982 | €497,075 | €418,299 | €527,917 | €440,651 | ▼ 16.5% |
| Operating profit (loss)9901 | €40,195 | €60,195 | -€50,259 | €35,875 | -€80,675 | ▼ 325% |
| Financial income75/76B | €19 | €86 | €79 | €5 | €1,059 | ▲ 22,634% |
| Recurring financial income75 | €19 | €86 | €79 | €5 | €1,059 | ▲ 22,634% |
| Financial charges65/66B | €8,156 | €94,443 | €33,421 | €35,657 | €4,981 | ▼ 86.0% |
| Recurring financial charges65 | €8,156 | €94,443 | €33,421 | €35,657 | €4,981 | ▼ 86.0% |
| Profit (loss) for the period before taxes9903 | €32,058 | -€34,163 | -€83,600 | €223 | -€84,596 | ▼ 38,061% |
| Profit (loss) for the period9904 | €32,058 | -€34,163 | -€83,600 | €223 | -€84,596 | ▼ 38,061% |
| Profit (loss) for the period to be appropriated9905 | €32,058 | -€34,163 | -€83,600 | €223 | -€84,596 | ▼ 38,061% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €958,681 | €842,027 | €640,141 | ▼ 24.0% |
| Fixed assets21/28 | €917,431 | €819,386 | €710,307 | €596,744 | €496,051 | ▼ 16.9% |
| Intangible fixed assets21 | €10,817 | €9,516 | €8,215 | €6,914 | €5,613 | ▼ 18.8% |
| Tangible fixed assets22/27 | €899,864 | €802,117 | €694,339 | €582,077 | €482,685 | ▼ 17.1% |
| Land and buildings22 | €2,042 | €1,786 | €1,531 | €1,276 | €1,021 | ▼ 20.0% |
| Plant, machinery and equipment23 | €66,793 | €56,281 | €48,941 | €29,992 | €22,963 | ▼ 23.4% |
| Furniture and vehicles24 | €61,264 | €54,087 | €48,982 | €50,610 | €53,190 | ▲ 5.1% |
| Other tangible fixed assets26 | €769,766 | €689,962 | €594,885 | €500,198 | €405,512 | ▼ 18.9% |
| Financial fixed assets28 | €6,750 | €7,753 | €7,753 | €7,753 | €7,753 | = |
| Current assets29/58 | €83,660 | €204,880 | €248,374 | €245,283 | €144,090 | ▼ 41.3% |
| Stocks and contracts in progress3 | €13,512 | €65,225 | €67,181 | €74,396 | €95,774 | ▲ 28.7% |
| Stocks30/36 | €13,512 | €65,225 | €67,181 | €74,396 | €95,774 | ▲ 28.7% |
| Amounts receivable within one year40/41 | - | - | €1,125 | €2,958 | €4,169 | ▲ 40.9% |
| Trade receivables40 | - | - | €1,125 | €2,958 | €4,169 | ▲ 40.9% |
| Cash at bank and in hand54/58 | €67,739 | €131,049 | €179,277 | €164,830 | €40,934 | ▼ 75.2% |
| Deferred charges and accrued income490/1 | €2,409 | €8,606 | €790 | €3,099 | €3,214 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €958,681 | €842,027 | €640,141 | ▼ 24.0% |
| Equity10/15 | -€45,762 | -€79,925 | -€163,525 | -€163,302 | -€247,898 | ▼ 51.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€65,762 | -€99,925 | -€183,525 | -€183,302 | -€267,898 | ▼ 46.2% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.1m | €1.0m | €888,039 | ▼ 11.7% |
| Amounts payable after more than one year17 | €809,623 | €842,112 | €728,164 | €628,473 | €588,026 | ▼ 6.4% |
| Financial debts170/4 | €809,623 | €842,112 | €728,164 | €628,473 | €588,026 | ▼ 6.4% |
| Amounts payable within one year42/48 | €236,741 | €262,079 | €393,906 | €375,879 | €300,014 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | €37,506 | €38,220 | €118,549 | €138,719 | €104,475 | ▼ 24.7% |
| Trade debts44 | €33,499 | €40,270 | €67,718 | €46,145 | €2,453 | ▼ 94.7% |
| Suppliers440/4 | €33,499 | €40,270 | €67,718 | €46,145 | €2,453 | ▼ 94.7% |
| Taxes, remuneration and social security45 | €34,255 | €40,542 | €55,031 | €41,431 | €54,843 | ▲ 32.4% |
| Taxes450/3 | €11,817 | €13,407 | €20,709 | €21,795 | €18,301 | ▼ 16.0% |
| Remuneration and social security454/9 | €22,437 | €27,135 | €34,322 | €19,636 | €36,542 | ▲ 86.1% |
| Other amounts payable47/48 | €131,482 | €143,046 | €152,608 | €149,584 | €138,243 | ▼ 7.6% |
| Accrued charges and deferred income492/3 | €490 | - | €137 | €977 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,058 | -€34,163 | -€83,600 | €223 | -€84,596 | ▼ 38,061% |
| + Depreciation and write-downs630 | €118,940 | €122,976 | €123,582 | €125,666 | €119,633 | ▼ 4.8% |
| Operating cash flow (approximation) | €150,999 | €88,814 | €39,982 | €125,889 | €35,037 | ▼ 72.2% |
| Investment in fixed assets (approximation) | - | -€24,931 | -€14,504 | -€12,103 | -€18,940 | ▼ 56.5% |
| Change in cash | - | €63,310 | €48,228 | -€14,448 | -€123,896 | ▼ 758% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet -€84,596
Net result drops to -€84,596, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-12
Financial
Back to profitnet €223
Net result €223 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Back to profitnet €32,058
Net result €32,058 after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Edegem · 1 establishment unit since 2018
Ground area
940 m²
Building footprint
237 m²
Volume, LiDAR
1,857 m³
Parcel 11013A0320/00B000, Flanders · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STABLE
since 20182.282.195.016
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0320/00B000 | Flanders | 940 m² | 1 · 237 m² | 17.7 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEdegem2.282.195.016
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 2,551 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.