T' Rest
ActiveThe file of T' Rest contains 3 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (-€468,573) and a net result of €541,164. Equity is shrinking by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 3762 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▲+50
Solvency0=
Growth58▲+26
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.43 against 0.23 in 2024; short-term debt: 156% and cash: 7.4% of total assets), and equity is negative.
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Signals
Seven 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
-95%
Return on assets
109.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3762 sector peers (2025).
NBB · sector comparisonPosition among 3762 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
165 d late
2023
59 d late
2022
on the day
2021
6 d early
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 employer in Pepingen
Equity
-€468,573▲ 53.6%
2024 · -€1.0m
Total assets
€493,425▲ 2.2%
2024 · €482,987
Net result
€541,164
2024 · -€255,249
Working capital
-€437,582▲ 55.2%
2024 · -€977,579
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
Line20212022202320242025
Operating result€32,766-€154,702-€398,225▼ 157%-€285,121▲ 28.4%-€88,845▲ 68.8%
Net result€27,619within the sector's middle half-€157,928below the sector's middle half-€402,217below the sector's middle half▼ 155%-€255,249below the sector's middle half▲ 36.5%€541,164above the sector's middle half
Equity-€194,342below the sector's middle half▲ 12.4%-€352,271below the sector's middle half▼ 81.3%-€754,488below the sector's middle half▼ 114%-€1.0mbelow the sector's middle half▼ 33.8%-€468,573below the sector's middle half▲ 53.6%
Total assets€408,508above the sector's middle half▼ 5.4%€338,877within the sector's middle half▼ 17.0%€317,992within the sector's middle half▼ 6.2%€482,987within the sector's middle half▲ 51.9%€493,425within the sector's middle half▲ 2.2%
Debt€602,850▼ 7.8%€691,148▲ 14.6%€1.1m▲ 55.2%€1.5m▲ 39.2%€961,998▼ 35.6%
Working capital-€235,393below the sector's middle half▲ 13.1%-€290,438below the sector's middle half▼ 23.4%-€700,319below the sector's middle half▼ 141%-€977,579below the sector's middle half▼ 39.6%-€437,582below the sector's middle half▲ 55.2%
Solvency-47.6%below the sector's middle half▲ 3.8pp-104.0%below the sector's middle half▼ 56.4pp-237.3%below the sector's middle half▼ 133.3pp-209.1%below the sector's middle half▲ 28.2pp-95.0%below the sector's middle half▲ 114.1pp
Current ratio0.44below the sector's middle half▲ 0.010.31below the sector's middle half▼ 0.130.15below the sector's middle half▼ 0.150.23below the sector's middle half▲ 0.080.43below the sector's middle half▲ 0.20
Return on assets (ROA)6.8%within the sector's middle half▲ 59.3pp-46.6%below the sector's middle half▼ 53.4pp-126.5%below the sector's middle half▼ 79.9pp-52.8%below the sector's middle half▲ 73.6pp109.7%above the sector's middle half▲ 162.5pp
Staff (FTE)10.2▲ 67.2%11.3within the sector's middle half▲ 10.8%12.4within the sector's middle half▲ 9.7%12.2within the sector's middle half▼ 1.6%7.5within the sector's middle half▼ 38.5%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €88,845 in 2025 against €285,121 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €493,425
Fixed assets
€161,408 ▼ 13.2%
Current assets
€332,017 ▲ 11.8%
Key figures and ratios
EBITDA
-€64,238▲
2024 · -€260,581
Cash flow
€565,771▲
2024 · -€230,709
Quick ratio
0.41▲
2024 · 0.21
Debt to equity
-2.05▼
2024 · -1.48
Interest coverage
-32.51▲
2024 · -45.87
Debt ≤ 1 year
€769,599▼
2024 · €1.3m
Debt > 1 year
€192,399▼
2024 · €218,173
Staff costs
€316,448▼
2024 · €751,680
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €364,025 | €578,910 | €751,680 | €316,448 | ▼ 57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,671 | €23,929 | €18,383 | €24,540 | €24,607 | ▲ 0.3% |
| Other operating charges640/8 | - | €6,863 | €674 | €1,157 | €278 | ▼ 76.0% |
| Non-recurring operating charges66A | - | - | €1,231 | - | - | - |
| Gross operating margin9900 | €258,717 | €240,114 | €200,973 | €492,256 | €252,488 | ▼ 48.7% |
| Operating profit (loss)9901 | €32,766 | -€154,702 | -€398,225 | -€285,121 | -€88,845 | ▲ 68.8% |
| Financial income75/76B | - | €484 | €52 | €35,553 | €631,985 | ▲ 1,678% |
| Recurring financial income75 | €62 | €484 | €52 | €1 | €10 | ▲ 900% |
| Non-recurring financial income76B | - | - | - | €35,552 | €631,975 | ▲ 1,678% |
| Financial charges65/66B | - | €3,710 | €4,045 | €5,681 | €1,976 | ▼ 65.2% |
| Recurring financial charges65 | €5,210 | €3,710 | €4,045 | €5,681 | €1,976 | ▼ 65.2% |
| Profit (loss) for the period before taxes9903 | €27,619 | -€157,928 | -€402,217 | -€255,249 | €541,164 | ▲ 312% |
| Profit (loss) for the period9904 | €27,619 | -€157,928 | -€402,217 | -€255,249 | €541,164 | ▲ 312% |
| Profit (loss) for the period to be appropriated9905 | €27,619 | -€157,928 | -€402,217 | -€255,249 | €541,164 | ▲ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,508 | €338,877 | €317,992 | €482,987 | €493,425 | ▲ 2.2% |
| Fixed assets21/28 | €225,539 | €211,020 | €192,637 | €186,015 | €161,408 | ▼ 13.2% |
| Tangible fixed assets22/27 | €218,458 | €203,938 | €185,555 | €178,933 | €154,326 | ▼ 13.8% |
| Plant, machinery and equipment23 | - | €101,879 | €93,241 | €81,792 | €70,131 | ▼ 14.3% |
| Furniture and vehicles24 | - | €15,249 | €12,771 | €22,501 | €17,079 | ▼ 24.1% |
| Other tangible fixed assets26 | - | €86,811 | €79,544 | €74,640 | €67,116 | ▼ 10.1% |
| Financial fixed assets28 | €7,082 | €7,082 | €7,082 | €7,082 | €7,082 | = |
| Current assets29/58 | €182,969 | €127,857 | €125,355 | €296,972 | €332,017 | ▲ 11.8% |
| Stocks and contracts in progress3 | - | - | €34,492 | €26,010 | €18,350 | ▼ 29.5% |
| Stocks30/36 | - | - | €34,492 | €26,010 | €18,350 | ▼ 29.5% |
| Amounts receivable within one year40/41 | €6,479 | €106,889 | €78,807 | €209,948 | €269,809 | ▲ 28.5% |
| Trade receivables40 | - | €106,650 | €77,547 | €208,676 | €215,045 | ▲ 3.1% |
| Other amounts receivable41 | - | €239 | €1,260 | €1,272 | €54,764 | ▲ 4,205% |
| Cash at bank and in hand54/58 | €176,489 | €16,592 | €6,047 | €56,638 | €36,588 | ▼ 35.4% |
| Deferred charges and accrued income490/1 | - | €4,376 | €6,009 | €4,376 | €7,270 | ▲ 66.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,508 | €338,877 | €317,992 | €482,987 | €493,425 | ▲ 2.2% |
| Equity10/15 | -€194,342 | -€352,271 | -€754,488 | -€1.0m | -€468,573 | ▲ 53.6% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€199,342 | -€357,271 | -€759,488 | -€1.0m | -€473,573 | ▲ 53.3% |
| Amounts payable17/49 | €602,850 | €691,148 | €1.1m | €1.5m | €961,998 | ▼ 35.6% |
| Amounts payable after more than one year17 | €179,621 | €272,853 | €246,807 | €218,173 | €192,399 | ▼ 11.8% |
| Financial debts170/4 | - | €272,853 | €246,807 | €218,173 | €192,399 | ▼ 11.8% |
| Amounts payable within one year42/48 | €418,361 | €418,295 | €825,673 | €1.3m | €769,599 | ▼ 39.6% |
| Current portion of amounts payable after more than one year42 | - | €16,507 | €1,376 | €23,298 | €25,774 | ▲ 10.6% |
| Financial debts43 | - | €4,959 | - | - | - | - |
| Credit institutions430/8 | - | €4,959 | - | - | - | - |
| Trade debts44 | €99,515 | €131,721 | €426,194 | €524,990 | €410,483 | ▼ 21.8% |
| Suppliers440/4 | - | €131,721 | €426,194 | €524,990 | €410,483 | ▼ 21.8% |
| Advances received on contracts in progress46 | - | - | €6,864 | €121,991 | €144,830 | ▲ 18.7% |
| Taxes, remuneration and social security45 | - | €71,834 | €201,426 | €360,264 | €130,409 | ▼ 63.8% |
| Taxes450/3 | - | €31,696 | €134,570 | €211,659 | €130,409 | ▼ 38.4% |
| Remuneration and social security454/9 | - | €40,139 | €66,856 | €148,605 | - | - |
| Other amounts payable47/48 | - | €193,274 | €189,814 | €244,008 | €58,103 | ▼ 76.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,619 | -€157,928 | -€402,217 | -€255,249 | €541,164 | ▲ 312% |
| + Depreciation and write-downs630 | €21,671 | €23,929 | €18,383 | €24,540 | €24,607 | ▲ 0.3% |
| Operating cash flow (approximation) | €49,289 | -€134,000 | -€383,834 | -€230,709 | €565,771 | ▲ 345% |
| Investment in fixed assets (approximation) | - | -€9,409 | €0 | -€17,918 | €0 | ▲ 100% |
| Change in cash | - | -€159,897 | -€10,546 | €50,591 | -€20,050 | ▼ 140% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 165 days late
30-06
Financial
Back to profitnet €541,164
Net result €541,164 after 3 loss-making years.
2024
29-10
Judicial reorganisation
Plan homologation
ondernemingsrechtbank Brussel · event 23-10-2024
30-07
Judicial reorganisation
Extension
Ondernemingsrechtbank Brussel · collective agreement · event 24-07-2024
21-05
Judicial reorganisation
Opening
ondernemingsrechtbank Brussel · collective agreement · event 08-05-2024
30-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 59 days late
2023
30-06
Financial
Weakest financial yearnet -€402,217
Net result drops to -€402,217, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €27,619
Net result €27,619 after one loss-making year.
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
SignalFinancial 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, Pepingen · 1 establishment unit since 2019
Ground area
8,600 m²
Building footprint
1,173 m²
Volume, LiDAR
11,285 m³
Parcel 23029D0052/00E000, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
T' Rest
since 20192.290.649.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23029D0052/00E000 | Flanders | 8,600 m² | 1 · 1,173 m² | 12.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,875 EUR awarded · 6,875 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,875 EUR | 6,875 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 sitePepingen2.290.649.951
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 2,561 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
Founded27-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
55100Hotels and similar accommodation
55204Guest rooms (bed and breakfast)
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728978655
Also
9925:BE0728978655
Registered
19-12-2025
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.