Equity
-€68,101
Debts exceed assets in financial year 2025.
THE LORD
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €229,823 (2011)
€67,264▲ 72.6%
lowest -€57,802 (2024)
€25,815▲ €83,617
peak €158,045 (2010)
-€68,101▲ €25,815
€224,553▼ 22.9%
peak 6.2 FTE (2013)
-not published
Board2 names since 2021
2 directorsHans VANHESTE and 1 other
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from €38,973 to €67,264Back to profit: €25,815Equity from -€93,917 to -€68,101Debts from €291,384 to €224,553Cash from €9,134 to €25,643
Key points
from the 2025 annual accountsResult
€25,815 €25,815
Back in profit in 2025, after a loss of €57,802 in 2024.
Turnover
≈ €220,000 estimated
The micro format states no turnover.
Debts
€224,553 144% of the balance sheet
Financial debts 40%Suppliers 34%Taxes and wages 5%Other 22%
Of this, €175,773 falls due within a year.
Filings
25 annual accounts since 2001
Six of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
Position in the sector
-€68,101
Less equity than 92% of companies in food and beverage service. Sector median €28,641 · 17,176 companies.
Checked score
54
Fair
Financially stronger than 36% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.3%▼ -0.1 percentage points vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025lowest value
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 2.4%▲ +0.9 percentage points vs 07-2025
09-2025: 2.4%● unchanged vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 2.3%▼ -0.1 percentage points vs 02-2026
04-2026: 2.4%▲ +0.1 percentage points vs 03-2026
05-2026: 2.3%▼ -0.1 percentage points vs 04-2026
06-2026: 2.2%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%▲ +0.2 percentage points vs 06-2026
08-2026: 2.9%▲ +0.5 percentage points vs 07-2026
09-2026: 3.1%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 1.7%▼ -1.4 percentage points vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Negative equity -€68,101
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
lowers risk
Founded in 2001
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 17% on liquidity, 47% on profitability and 71% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as THE LORD has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THE LORD itself: 1.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for THE LORD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.21 (0.27 in 2024), below 1. Short-term debt is 112.3% and cash 16.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 17145 sector peers (2025).
NBB · sector comparisonPosition among 17145 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
17 days early
2023
29 days late
2022
4 days early
2021
62 days early
2020
36 days early
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474355437
Company renamed to THE LORD
New name: THE LORD · Resignation: Hans VANHESTE (manager and director) · Reappointment: Hans VANHESTE (director) · General meeting of 14-12-2023 · Gazette deed
First establishment
Leopoldlaan 129, Middelkerke
Incorporation
published on 29-03-2001 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| THE LORD Middelkerke | €156,452 | €67,264 | -43.5% | - |
| KRIPAJO Damme | €161,878 | €69,364 | 87.2% | - |
| ARTHIE'S Bruges | €177,102 | €68,503 | 55.1% | - |
| DE OOGAPPEL Veurne | €148,188 | €82,638 | 70.1% | - |
| l'Empire du Dragon Fleurus | €154,955 | €64,545 | 79.4% | - |
| KOK & C° Kasterlee | €148,803 | €72,511 | 53.2% | - |
| O'COMPARONE Dendermonde | €160,986 | €74,715 | 57.7% | - |
These companies have the same main activity as THE LORD: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €148,000 and €177,000, founded between 1999 and 2003.
Official details
Source: KBO- Status
- Active since 20-03-2001Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.093.331.5618430 Middelkerke, since 14-08-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2025
Insights on THE LORD
THE LORD files the micro format. That format states no turnover. The gross margin fell from €171,449 in 2006 to €67,264 in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about THE LORD
- What is the company number of THE LORD?
- The company number of THE LORD is 0474.355.437. The VAT number is the same number with BE in front: BE 0474.355.437.
- Where is THE LORD based?
- The registered office is at Alexandre Ponchonstraat 14, 8430 Middelkerke.Company details
- What does THE LORD do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of THE LORD?
- THE LORD is a private limited company (BV).
- When was THE LORD founded?
- THE LORD was founded on 20-03-2001.
- Is THE LORD still active?
- Yes, THE LORD is an active enterprise in the KBO register.
- How many employees does THE LORD have?
- THE LORD had an average of 1.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of THE LORD?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €67,264 and 72 comparable companies (NACE 56111). It probably lies between €180,000 and €290,000.
- Is THE LORD profitable?
- In financial year 2025, THE LORD made a profit of €25,815.
- Where can I find the annual accounts of THE LORD?
- THE LORD filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THE LORD due?
- THE LORD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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