SURFBURGER
ActiveSummary
The computed 12-month bankruptcy probability of SURFBURGER is 3.8% (moderate). The 2025 annual accounts show equity of €22,831 and a net result of €14,368. Equity is growing by ~177.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 13604 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-7
Solvency29▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 0.27 in 2024; short-term debt: 42.4% and cash: 7.4% of total assets), and 95.6% 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
4.4%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
on the day
2023
89 d late
← 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 39 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (3 of the last 3 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,831▲ 170%
2024 · €8,463
Total assets
€524,497▲ 9.0%
2024 · €481,255
Net result
€14,368▼ 7.9%
2024 · €15,604
Working capital
-€142,891▲ 1.7%
2024 · -€145,352
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€7,691-€25,132€36,410▲ 44.9%
Net result-€16,237below the sector's middle half-€15,604within the sector's middle half€14,368within the sector's middle half▼ 7.9%
Equity-€7,141below the sector's middle half-€8,463within the sector's middle half€22,831within the sector's middle half▲ 170%
Total assets€432,597above the sector's middle half-€481,255above the sector's middle half▲ 11.2%€524,497above the sector's middle half▲ 9.0%
Debt€439,737-€472,792▲ 7.5%€501,666▲ 6.1%
Working capital-€104,837below the sector's middle half--€145,352below the sector's middle half▼ 38.6%-€142,891below the sector's middle half▲ 1.7%
Solvency-1.7%within the sector's middle half-1.8%within the sector's middle half▲ 3.4pp4.4%within the sector's middle half▲ 2.6pp
Current ratio0.28below the sector's middle half-0.27below the sector's middle half▼ 0.010.36below the sector's middle half▲ 0.09
Return on assets (ROA)-3.8%within the sector's middle half-3.2%within the sector's middle half▲ 7.0pp2.7%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €521,699
Fixed assets
€442,409 ▲ 4.8%
Current assets
€79,289 ▲ 47.9%
Equity and liabilities €524,497
Equity
€22,831 ▲ 170%
Debt
€501,666 ▲ 6.1%
Debt's share of the balance-sheet total falls from 98.2% to 95.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€74,264▲
2024 · €51,025
Cash flow
€52,221▲
2024 · €41,496
Quick ratio
0.35▲
2024 · 0.25
Debt to equity
21.97▼
2024 · 55.86
ROE
62.9%▼
2024 · 184.4%
Interest coverage
4.07▼
2024 · 4.88
Debt ≤ 1 year
€222,180▲
2024 · €198,945
Debt > 1 year
€279,230▲
2024 · €270,077
Income taxes
€4,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.4%
went bankrupt
1.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,258 | €25,892 | €37,854 | ▲ 46.2% |
| Other operating charges640/8 | €1,620 | €10,810 | €5,830 | ▼ 46.1% |
| Gross operating margin9900 | €20,187 | €61,835 | €80,094 | ▲ 29.5% |
| Operating profit (loss)9901 | -€7,691 | €25,132 | €36,410 | ▲ 44.9% |
| Financial income75/76B | €768 | €921 | €388 | ▼ 57.8% |
| Recurring financial income75 | €768 | €921 | €388 | ▼ 57.8% |
| Financial charges65/66B | €9,315 | €10,449 | €18,258 | ▲ 74.7% |
| Recurring financial charges65 | €9,315 | €10,449 | €18,258 | ▲ 74.7% |
| Profit (loss) for the period before taxes9903 | -€16,237 | €15,604 | €18,540 | ▲ 18.8% |
| Income taxes67/77 | - | - | €4,173 | - |
| Profit (loss) for the period9904 | -€16,237 | €15,604 | €14,368 | ▼ 7.9% |
| Profit (loss) for the period to be appropriated9905 | -€16,237 | €15,604 | €14,368 | ▼ 7.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €432,597 | €481,255 | €524,497 | ▲ 9.0% |
| Formation expenses20 | - | €5,346 | €2,798 | ▼ 47.7% |
| Fixed assets21/28 | €391,022 | €422,316 | €442,409 | ▲ 4.8% |
| Intangible fixed assets21 | - | €2,948 | €2,298 | ▼ 22.0% |
| Tangible fixed assets22/27 | €391,022 | €419,368 | €440,111 | ▲ 4.9% |
| Land and buildings22 | €369,182 | €355,306 | €347,814 | ▼ 2.1% |
| Plant, machinery and equipment23 | €11,031 | €15,614 | €14,067 | ▼ 9.9% |
| Furniture and vehicles24 | €8,710 | €48,448 | €72,608 | ▲ 49.9% |
| Leasing and similar rights25 | - | - | €5,622 | - |
| Other tangible fixed assets26 | €2,099 | €0 | - | - |
| Current assets29/58 | €41,574 | €53,593 | €79,289 | ▲ 47.9% |
| Stocks and contracts in progress3 | €3,099 | €3,159 | €1,966 | ▼ 37.8% |
| Stocks30/36 | €3,099 | €3,159 | €1,966 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €25,132 | €36,080 | €10,274 | ▼ 71.5% |
| Trade receivables40 | €10,961 | €13,116 | €1,848 | ▼ 85.9% |
| Other amounts receivable41 | €14,171 | €22,964 | €8,426 | ▼ 63.3% |
| Cash at bank and in hand54/58 | €13,343 | €14,048 | €38,629 | ▲ 175% |
| Deferred charges and accrued income490/1 | - | €305 | €28,421 | ▲ 9,218% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €432,597 | €481,255 | €524,497 | ▲ 9.0% |
| Equity10/15 | -€7,141 | €8,463 | €22,831 | ▲ 170% |
| Contributions10/11 | €5,523 | €5,523 | €5,523 | = |
| Reserves13 | €2,712 | €2,940 | €17,240 | ▲ 486% |
| Non-distributable reserves130/1 | €52 | €52 | €52 | = |
| Reserves not available under the articles1311 | €52 | €52 | €52 | = |
| Distributable reserves133 | €2,659 | €2,888 | €17,188 | ▲ 495% |
| Profit (loss) carried forward14 | -€15,376 | €0 | €68 | - |
| Amounts payable17/49 | €439,737 | €472,792 | €501,666 | ▲ 6.1% |
| Amounts payable after more than one year17 | €290,557 | €270,077 | €279,230 | ▲ 3.4% |
| Financial debts170/4 | €290,557 | €270,077 | €279,230 | ▲ 3.4% |
| Amounts payable within one year42/48 | €146,412 | €198,945 | €222,180 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | €21,725 | €98,290 | €31,978 | ▼ 67.5% |
| Financial debts43 | €246 | €0 | - | - |
| Credit institutions430/8 | €246 | €0 | - | - |
| Trade debts44 | €110,250 | €68,179 | €29,701 | ▼ 56.4% |
| Suppliers440/4 | €110,250 | €68,179 | €29,701 | ▼ 56.4% |
| Taxes, remuneration and social security45 | €3,190 | €939 | €3,277 | ▲ 249% |
| Taxes450/3 | €3,190 | €939 | €1,777 | ▲ 89.1% |
| Remuneration and social security454/9 | - | - | €1,500 | - |
| Other amounts payable47/48 | €11,000 | €31,537 | €157,225 | ▲ 399% |
| Accrued charges and deferred income492/3 | €2,769 | €3,770 | €256 | ▼ 93.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,237 | €15,604 | €14,368 | ▼ 7.9% |
| + Depreciation and write-downs630 | €26,258 | €25,892 | €37,854 | ▲ 46.2% |
| Operating cash flow (approximation) | €10,020 | €41,496 | €52,221 | ▲ 25.8% |
| Investment in fixed assets (approximation) | - | -€57,186 | -€57,947 | ▼ 1.3% |
| Change in cash | - | €705 | €24,581 | ▲ 3,385% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
24-07
State Gazette act
Appointment: Woody Soubry (director)2 facts ▸
State Gazette act
Appointment: Woody Soubry (director)
2 facts ▸
- General meeting, 29-06-2026
- Director appointment, Woody Soubry (director)
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,604
Net result €15,604 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Woody Soubry
CurrentDirector · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, De Panne · 1 establishment unit since 2023
Ground area
782 m²
Building footprint
129 m²
Parcel 38008C0332/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
SURFBURGER
since 20232.349.630.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008C0332/00A000 | Flanders | 782 m² | 1 · 129 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Woody Soubry |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 2,677 EUR awarded · 2,677 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 677 EUR | 677 EUR |
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Panne2.349.630.505
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,019 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
Founded16-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797211326
Also
9925:BE0797211326
Registered
27-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.