't VERSCHIL
Open bankruptcyA bankruptcy procedure is open for 't VERSCHIL according to publications in the Belgian State Gazette; curator: MARGA PIETERS. The 2023 annual accounts show equity of €167k and a net result of €-11k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€578k▼ 4.4%
2022 · €605k
2018: €927k
2019: €867k
2020: €746k
2021: €664k
2022: €605k
2018 → 2023
Net result
€-11k
2022 · €429
2018: €8k
2019: €-70k
2020: €90k
2021: €3k
2022: €429
2018 → 2023
Working capital
€86k▲ 8.0%
2022 · €80k
2018: €-327k
2019: €-104k
2020: €-96k
2021: €62k
2022: €80k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€155k-€175k▲ 12.8%€178k▲ 1.8%€178k▲ 0.2%€167k▼ 6.4%
Operating result€37k-€125k▲ 238%€22k▼ 82.7%€13k▼ 38.7%€-3k
Net result€-70k-€90k€3k▼ 96.6%€429▼ 86.0%€-11k
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 2023: a loss of €3k after €13k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €578k
Fixed assets
€435k▼ 3.7%
Current assets
€144k▼ 6.4%
Equity and liabilities €578k
Equity
€167k▼ 6.4%
Debt
€411k▼ 3.5%
The debt ratio rises from 70.5% to 71.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€74k▼
2022 · €102k
Cash flow
€66k▼
2022 · €89k
Solvency
28.9%▼
2022 · 29.5%
Current ratio
2.49▲
2022 · 2.08
Quick ratio
2.29▲
2022 · 1.90
Debt / equity
2.47▲
2022 · 2.39
ROE
-6.9%▼
2022 · 0.2%
ROA
-2.0%▼
2022 · 0.1%
Interest coverage
8.80▲
2022 · 7.28
Debt
€411k▼
2022 · €426k
Debt ≤ 1 year
€58k▼
2022 · €74k
Debt > 1 year
€352k▲
2022 · €349k
Income taxes
€114▼
2022 · €127
Staff costs
€107k▼
2022 · €113k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€605k€578k▼
Fixed assets21/28€451k€435k▼
Intangible fixed assets21€800€1k▲
Tangible fixed assets22/27€450k€432k▼
Land and buildings22€396k€341k▼
Plant, machinery and equipment23€45k€36k▼
Furniture and vehicles24€9k€56k▲
Financial fixed assets28€654€654=
Current assets29/58€153k€144k▼
Stocks and contracts in progress3€14k€11k▼
Stocks30/36€14k€11k▼
Amounts receivable within one year40/41€24k€39k▲
Trade receivables40€18k€28k▲
Other amounts receivable41€6k€11k▲
Current investments50/53€51k€61k▲
Cash at bank and in hand54/58€60k€33k▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€605k€578k▼
Equity10/15€178k€167k▼
Contributions10/11€19k€19k=
Reserves13€160k€148k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€140k€129k▼
Amounts payable17/49€426k€411k▼
Amounts payable after more than one year17€349k€352k▲
Financial debts170/4€332k€294k▼
Other amounts payable178/9€17k€59k▲
Amounts payable within one year42/48€74k€58k▼
Current portion of amounts payable after more than one year42€38k€31k▼
Trade debts44€6k-
Suppliers440/4€6k-
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€25k€27k▲
Taxes450/3€13k€2k▼
Remuneration and social security454/9€12k€25k▲
Other amounts payable47/48€97-
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20222023
Non-recurring operating income76A€0€4k▲
Remuneration, social security and pensions62€113k€107k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€77k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€216k€182k▼
Operating profit (loss)9901€13k€-3k▼
Financial income75/76B€1k€300▼
Recurring financial income75€1k€300▼
Financial charges65/66B€14k€8k▼
Recurring financial charges65€14k€8k▼
Profit (loss) for the period before taxes9903€555€-11k▼
Income taxes67/77€127€114▼
Profit (loss) for the period9904€429€-11k▼
Profit (loss) for the period to be appropriated9905€429€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€429€-11k▼
Transfer from equity791/2-€11k
Transfer to equity691/2€429-
To other reserves6921€429-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ’T VERSCHIL BV HOOG- STRAAT 34, 9340 LEDE · event 04-11-2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 120 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity triplescurrent ratio 1.65
Current ratio from 0.54 to 1.65; short-term debt falls from €209k to €96k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-70k ▼1023%
Net result drops to €-70k, the lowest in the series.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lede · 1 establishment unit since 2017
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.
Hoogstraat 349340 LedeGround area
265 m²
Building footprint
216 m²
Volume, LiDAR
1,460 m³
Parcel 41034C0097/00M000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
'T VERSCHIL
since 20172.265.854.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034C0097/00M000 | Flanders | 265 m² | 1 · 216 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
04-11-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLede2.265.854.672
Dual-learning approval
5 live approvals · 2 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,891 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-1994
Fiscal year end30-09
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.