STRANDCAFE

Active

Private limited companyfounded 200620 yrs activeScharebrugstraat 74, 8370 Blankenberge, BelgiumKBO/BCE: BE 0878.516.132

The computed 12-month bankruptcy probability of STRANDCAFE is 1.9% (moderate). The 2024 annual accounts show equity of €44k and a net result of €-28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 18939 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

30 / 100

Weak▼ -25 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency33▼-21

Growth78=

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days only on tighter terms

Liquidity short (current ratio 0.73 against 1.22 in 2023), and 73.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+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 →

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

26.1%

Return on assets

-16.7%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€28k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

31 d late

2022

29 d late

2021

23 d late

2020

31 d late

2019

27 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, micro schema

Equity

€44k▼ 39.0%

2023 · €73k

2018: €34k 2019: €17k 2020: €51k 2021: €104k 2022: €101k 2023: €73k

2018 → 2024

Total assets

€170k▼ 26.4%

2023 · €231k

2018: €327k 2019: €309k 2020: €326k 2021: €290k 2022: €266k 2023: €231k

2018 → 2024

Net result

€-28k▼ 1.2%

2023 · €-28k

2018: €-33k 2019: €-17k 2020: €34k 2021: €53k 2022: €-4k 2023: €-28k

2018 → 2024

Working capital

€-14k

2023 · €13k

2018: €-15k 2019: €-55k 2020: €-20k 2021: €42k 2022: €25k 2023: €13k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€51k-€104k▲ 104%€101k▼ 3.6%€73k▼ 27.8%€44k▼ 39.0%

Operating result€36k-€55k▲ 54.3%€-2k€-24k▼ 1,365%€-26k▼ 5.9%

Net result€34k-€53k▲ 58.9%€-4k€-28k▼ 643%€-28k▼ 1.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €26k in 2024 against €24k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €170k

78.4%

21.6%

Fixed assets €133k▼ 17.1%

Current assets €37k▼ 47.7%

Equity and liabilities €170k

26.1%

73.9%

Equity €44k▼ 39.0%

Debt €125k▼ 20.6%

The debt ratio rises from 68.5% to 73.9%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▼

2023 · €15k

Cash flow

€4k▼

2023 · €11k

Solvency

26.1%▼

2023 · 31.5%

Current ratio

0.73▼

2023 · 1.22

Quick ratio

0.67▼

2023 · 1.12

Debt / equity

2.83▲

2023 · 2.17

ROE

-63.9%▼

2023 · -38.5%

ROA

-16.7%▼

2023 · -12.1%

Interest coverage

2.57▼

2023 · 4.69

Debt

€125k▼

2023 · €158k

Debt ≤ 1 year

€50k▼

2023 · €57k

Debt > 1 year

€75k▼

2023 · €100k

Income taxes

€589▼

2023 · €613

Staff costs

€63k▲

2023 · €62k

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€231k€170k▼

Fixed assets21/28€161k€133k▼

Tangible fixed assets22/27€161k€133k▼

Land and buildings22€138k€117k▼

Plant, machinery and equipment23€6k€7k▲

Furniture and vehicles24€16k€9k▼

Current assets29/58€70k€37k▼

Stocks and contracts in progress3€6k€3k▼

Stocks30/36€6k€3k▼

Amounts receivable within one year40/41€32k€17k▼

Trade receivables40€30k€13k▼

Other amounts receivable41€2k€3k▲

Cash at bank and in hand54/58€30k€14k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€231k€170k▼

Equity10/15€73k€44k▼

Contributions10/11€107k€107k=

Reserves13€41k€22k▼

Non-distributable reserves130/1€3k-

Reserves not available under the articles1311€3k-

Distributable reserves133€38k€22k▼

Profit (loss) carried forward14€-75k€-85k▼

Amounts payable17/49€158k€125k▼

Amounts payable after more than one year17€100k€75k▼

Financial debts170/4€23k-

Other amounts payable178/9€77k€75k▼

Amounts payable within one year42/48€57k€50k▼

Current portion of amounts payable after more than one year42€23k€23k▲

Trade debts44€24k€20k▼

Suppliers440/4€24k€20k▼

Taxes, remuneration and social security45€10k€6k▼

Taxes450/3€5k€2k▼

Remuneration and social security454/9€5k€4k▼

Other amounts payable47/48€156€609▲

Accrued charges and deferred income492/3€72-

Income statement Code20232024

Non-recurring operating income76A-€207

Remuneration, social security and pensions62€62k€63k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€33k▼

Other operating charges640/8€5k€7k▲

Gross operating margin9900€81k€77k▼

Operating profit (loss)9901€-24k€-26k▼

Financial income75/76B-€661

Recurring financial income75-€661

Financial charges65/66B€3k€3k▼

Recurring financial charges65€3k€3k▼

Profit (loss) for the period before taxes9903€-27k€-28k▼

Income taxes67/77€613€589▼

Profit (loss) for the period9904€-28k€-28k▼

Profit (loss) for the period to be appropriated9905€-28k€-28k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-75k€-103k▼

Profit (loss) brought forward from the previous period14P€-47k€-75k▼

Transfer from equity791/2-€19k

The notes to these accounts (11 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 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

23-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 23 days late

2021

31-12

Financial Highest result since 2018net €53k ▲58.9%

Operating result €55k, net result €53k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.11

Current ratio from 0.81 to 2.11; short-term debt falls from €104k to €38k.

31-12

Financial Equity above €100kEq €104k ▲104%

2 profitable years in a row build equity to €104k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

31-12

Financial Back to profitnet €34k

Net result €34k after 2 loss-making years.

27-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 27 days late

2019

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 29 days late

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

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.