STIRWEN
ActiveThe computed 12-month bankruptcy probability of STIRWEN is 3.4% (moderate). The 2025 annual accounts show equity of €161k and a net result of €33k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 13270 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75=
Solvency49▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.52 in 2024; short-term debt: 24.6% and cash: 5% of total assets), and 76.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
23.5%
Return on assets
4.9%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
113 d late
2023
301 d late
2022
132 d late
2021
23 d late
2020
109 d late
2019
179 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€161k▼ 5.3%
2024 · €170k
2018: €44k
2019: €65k
2020: €83k
2021: €98k
2022: €108k
2023: €130k
2024: €170k
2018 → 2025
Total assets
€684k▼ 16.6%
2024 · €820k
2018: €216k
2019: €266k
2020: €247k
2021: €547k
2022: €802k
2023: €863k
2024: €820k
2018 → 2025
Net result
€33k▼ 22.5%
2024 · €43k
2018: €-7k
2019: €21k
2020: €19k
2021: €14k
2022: €11k
2023: €-7k
2024: €43k
2018 → 2025
Working capital
€72k▼ 37.1%
2024 · €115k
2018: €-9k
2019: €-2k
2020: €-7k
2021: €55k
2022: €109k
2023: €100k
2024: €115k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€98k-€108k▲ 10.9%€130k▲ 20.3%€170k▲ 30.4%€161k▼ 5.3%
Operating result€26k-€17k▼ 33.2%€7k▼ 60.0%€69k▲ 896%€55k▼ 20.6%
Net result€14k-€11k▼ 26.1%€-7k€43k€33k▼ 22.5%
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 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €684k
Fixed assets
€444k▼ 8.1%
Current assets
€241k▼ 28.7%
Equity and liabilities €684k
Equity
€161k▼ 5.3%
Debt
€523k▼ 19.5%
The debt ratio falls from 79.3% to 76.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€109k▼
2024 · €141k
Cash flow
€87k▼
2024 · €115k
Solvency
23.5%▲
2024 · 20.7%
Current ratio
1.43▼
2024 · 1.52
Quick ratio
0.98▼
2024 · 1.29
Debt / equity
3.25▼
2024 · 3.82
ROE
20.6%▼
2024 · 25.2%
ROA
4.9%▼
2024 · 5.2%
Interest coverage
7.56▼
2024 · 8.19
Debt
€523k▼
2024 · €650k
Debt ≤ 1 year
€168k▼
2024 · €223k
Debt > 1 year
€351k▼
2024 · €427k
Income taxes
€11k▼
2024 · €17k
Staff costs
€169k▲
2024 · €155k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€820k€684k▼
Fixed assets21/28€482k€444k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€480k€442k▼
Land and buildings22€184k€175k▼
Plant, machinery and equipment23€8k€8k▼
Furniture and vehicles24€12k€8k▼
Leasing and similar rights25€61k€53k▼
Other tangible fixed assets26€216k€198k▼
Current assets29/58€338k€241k▼
Stocks and contracts in progress3€51k€75k▲
Stocks30/36€51k€75k▲
Amounts receivable within one year40/41€229k€126k▼
Trade receivables40€107k€68k▼
Other amounts receivable41€122k€58k▼
Cash at bank and in hand54/58€52k€34k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€820k€684k▼
Equity10/15€170k€161k▼
Contributions10/11€23k€23k=
Reserves13€39k-
Distributable reserves133€39k-
Profit (loss) carried forward14€83k€116k▲
Investment grants15€26k€22k▼
Amounts payable17/49€650k€523k▼
Amounts payable after more than one year17€427k€351k▼
Financial debts170/4€427k€351k▼
Amounts payable within one year42/48€223k€168k▼
Current portion of amounts payable after more than one year42€87k€85k▼
Financial debts43€415€755▲
Credit institutions430/8€415€755▲
Trade debts44€92k€37k▼
Suppliers440/4€92k€37k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€44k€44k▲
Taxes450/3€27k€19k▼
Remuneration and social security454/9€17k€25k▲
Accrued charges and deferred income492/3€94€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€155k€169k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€53k▼
Other operating charges640/8€8k€9k▲
Non-recurring operating charges66A-€875
Gross operating margin9900€305k€287k▼
Operating profit (loss)9901€69k€55k▼
Financial income75/76B€8k€3k▼
Recurring financial income75€8k€3k▼
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€60k€44k▼
Income taxes67/77€17k€11k▼
Profit (loss) for the period9904€43k€33k▼
Profit (loss) for the period to be appropriated9905€43k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€83k€116k▲
Profit (loss) brought forward from the previous period14P€40k€83k▲
Transfer from equity791/2-€39k
Profit to be distributed694/7-€39k
Return on contributions (dividend)694-€39k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 113 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 301 days late
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-12
Financial
Equity above €150kEq €170k ▲30.4%
Equity rises from €130k to €170k.
2023
10-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 132 days late
2022
31-12
Financial
Equity above €100kEq €108k ▲10.9%
4 profitable years in a row build equity to €108k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 179 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Etterbeek · 2 establishment units since 2014
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.
Sint-Pieterssteenweg 15-171040 EtterbeekGround area
454 m²
Building footprint
265 m²
Volume, LiDAR
2,692 m³
2 parcels, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
STIRWEN
since 20142.233.452.120
STIRWEN Traiteur
since 20212.316.351.882
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0249/00S015 | Brussels | 240 m² | 1 · 102 m² | 16.3 m · 4 fl. |
| 21005A0133/00T000 | Brussels | 214 m² | 1 · 163 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 siteEtterbeek2.233.452.120
Similar companies · same sector, comparable size
SLLO'T
BE 0767.434.603
Seraing · Eq €161k
NIGI
BE 0696.684.484
Haaltert · Eq €161k
Gaspard
BE 0771.979.349
Diksmuide · Eq €161k
BONAPARTE
BE 0633.651.906
Aalst · Eq €161k
FIKO
BE 0682.445.478
Antwerpen · Eq €161k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,945 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@stirwen.be
Phone:026408541
E-mail:info@restaurant-stirwen.be