'T WIT PAARD
Active'T WIT PAARD has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242k and a net result of €-71k. Equity is shrinking by ~22.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 38% of 13090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-23
Solvency41▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity short (current ratio 0.18 against 0.21 in 2024; short-term debt: 83.7% and cash: 11.8% of total assets), and 83.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · 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 21-08-2026, 21 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
21 d late
2024
8 d early
2023
7 d early
2022
24 d late
2021
30 d late
2020
18 d late
2019
31 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€242k▼ 22.7%
2024 · €313k
2018: €910k
2019: €936k
2020: €730k
2021: €612k
2022: €312k
2023: €268k
2024: €313k
2018 → 2025
Total assets
€1.48M▼ 4.3%
2024 · €1.55M
2018: €2.73M
2019: €2.64M
2020: €2.33M
2021: €2.34M
2022: €1.63M
2023: €1.53M
2024: €1.55M
2018 → 2025
Net result
€-71k
2024 · €45k
2018: €-74k
2019: €39k
2020: €-172k
2021: €-118k
2022: €-301k
2023: €-43k
2024: €45k
2018 → 2025
Working capital
€-1.02M▼ 4.3%
2024 · €-975k
2018: €-583k
2019: €-445k
2020: €-538k
2021: €-488k
2022: €-1.08M
2023: €-1.10M
2024: €-975k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€612k-€312k▼ 49.1%€268k▼ 13.9%€313k▲ 16.6%€242k▼ 22.7%
Operating result€-100k-€-269k▼ 168%€25k€104k▲ 309%€-19k
Net result€-118k-€-301k▼ 155%€-43k▲ 85.6%€45k€-71k
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 2025: a loss of €19k after €104k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€1.26M▼ 2.2%
Current assets
€223k▼ 14.5%
Equity and liabilities €1.48M
Equity
€242k▼ 22.7%
Debt
€1.24M▲ 0.4%
The debt ratio rises from 79.8% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€95k▼
2024 · €224k
Cash flow
€43k▼
2024 · €165k
Solvency
16.3%▼
2024 · 20.2%
Current ratio
0.18▼
2024 · 0.21
Quick ratio
0.17▼
2024 · 0.20
Debt / equity
5.13▲
2024 · 3.95
ROE
-29.3%▼
2024 · 14.3%
ROA
-4.8%▼
2024 · 2.9%
Interest coverage
1.75▼
2024 · 3.28
Debt
€1.24M▲
2024 · €1.24M
Debt ≤ 1 year
€1.24M▲
2024 · €1.24M
Income taxes
€646▼
2024 · €1k
Staff costs
€579k▲
2024 · €476k
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€1.55M€1.48M▼
Fixed assets21/28€1.29M€1.26M▼
Tangible fixed assets22/27€1.29M€1.26M▼
Land and buildings22€1.20M€1.11M▼
Plant, machinery and equipment23-€85k
Furniture and vehicles24€84k€64k▼
Current assets29/58€261k€223k▼
Stocks and contracts in progress3€11k€7k▼
Stocks30/36€11k€7k▼
Amounts receivable within one year40/41€47k€41k▼
Trade receivables40€23k€18k▼
Other amounts receivable41€24k€23k▼
Cash at bank and in hand54/58€198k€175k▼
Deferred charges and accrued income490/1€6k-
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.48M▼
Equity10/15€313k€242k▼
Contributions10/11€143k€143k=
Revaluation surpluses12€620k€620k=
Reserves13€209k€209k=
Non-distributable reserves130/1€14k€14k=
Reserves not available under the articles1311€14k€14k=
Tax-exempt reserves132€52k€52k=
Distributable reserves133€143k€143k=
Profit (loss) carried forward14€-659k€-730k▼
Amounts payable17/49€1.24M€1.24M▲
Amounts payable within one year42/48€1.24M€1.24M▲
Financial debts43€1.21M€1.16M▼
Credit institutions430/8€1.21M€1.16M▼
Trade debts44€6k€32k▲
Suppliers440/4€6k€32k▲
Taxes, remuneration and social security45€22k€48k▲
Taxes450/3€22k€23k▲
Remuneration and social security454/9-€25k
Other amounts payable47/48€31€2▼
Income statement
Code20242025
Remuneration, social security and pensions62€476k€579k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€114k▼
Other operating charges640/8€39k€37k▼
Gross operating margin9900€740k€711k▼
Operating profit (loss)9901€104k€-19k▼
Financial income75/76B€10k€3k▼
Recurring financial income75€328€3k▲
Non-recurring financial income76B€10k-
Financial charges65/66B€68k€54k▼
Recurring financial charges65€68k€54k▼
Profit (loss) for the period before taxes9903€46k€-70k▼
Income taxes67/77€1k€646▼
Profit (loss) for the period9904€45k€-71k▼
Profit (loss) for the period to be appropriated9905€45k€-71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-659k€-730k▼
Profit (loss) brought forward from the previous period14P€-703k€-659k▲
The notes to these accounts (6 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after 4 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-301k
Net result drops to €-301k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Grimbergen · 1 establishment unit since 1991
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.
Kerkeblokstraat 71850 GrimbergenGround area
8,770 m²
Building footprint
339 m²
Volume, LiDAR
2,171 m³
Parcel 23402E0391/00E000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
RESTAURANT 'T WIT PAARD
since 19912.053.033.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0391/00E000 | Flanders | 8,770 m² | 1 · 339 m² | 10.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrimbergen2.053.033.011
Care and welfare
1 service · 0 live't Wit Paard
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 8,140 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-1990
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.