The Roastery
ActiveSummary
The Roastery has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €442,978 and a net result of €570,310. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+25
Solvency48▲+22
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.0 in 2024; short-term debt: 76.9% and cash: 37% of total assets), and 76.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
23.1%
Return on assets
29.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €442,978
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
on the day
2022
12 d early
2021
17 d early
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€570,310▲ 86.8%
2024 · €305,329
Working capital
€442,978▲ 34,717%
2024 · €1,272
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€32,656▼ 1,673%-€26,295▲ 19.5%-€34,415▼ 30.9%€425,451€802,103▲ 88.5%
Net result-€32,224▼ 1,140%-€33,249▼ 3.2%-€75,497▼ 127%€305,329€570,310▲ 86.8%
Equity€501,086▼ 6.0%€467,837▼ 6.6%€392,340▼ 16.1%€72,668▼ 81.5%€442,978▲ 510%
Total assets€591,248▲ 9.1%€1.5m▲ 149%€3.0m▲ 101%€6.4m▲ 117%€1.9m▼ 70.2%
Debt€90,161▲ 952%€1.0m▲ 1,016%€2.6m▲ 155%€6.4m▲ 147%€1.5m▼ 76.8%
Working capital€402,497▼ 4.3%€380,305▼ 5.5%€317,876▼ 16.4%€1,272▼ 99.6%€442,978▲ 34,717%
Staff (FTE)000
Why a figure moved sharply
- 2025 Net result +87% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.9m
Equity
€442,978 ▲ 510%
Debt
€1.5m ▼ 76.8%
Debt's share of the balance-sheet total falls from 98.9% to 76.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€802,103▲
2024 · €428,519
Cash flow
€570,310▲
2024 · €308,396
Current ratio
1.30▲
2024 · 1.00
Quick ratio
0.57▲
2024 · 0.20
Debt to equity
3.33▼
2024 · 87.51
ROE
128.7%▼
2024 · 420.2%
ROA
29.7%▲
2024 · 4.7%
Interest coverage
26.17▲
2024 · 6.18
Debt ≤ 1 year
€1.5m▼
2024 · €6.4m
Income taxes
€207,633▲
2024 · €52,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 2,600 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,068 | €13,068 | €13,068 | €3,068 | €0 | ▼ 100% |
| Other operating charges640/8 | €6,686 | €6,176 | €5,613 | €5,865 | €5,092 | ▼ 13.2% |
| Non-recurring operating charges66A | - | - | €5,000 | €54,840 | €5,000 | ▼ 90.9% |
| Gross operating margin9900 | -€12,902 | -€7,051 | -€10,735 | €489,223 | €812,194 | ▲ 66.0% |
| Operating profit (loss)9901 | -€32,656 | -€26,295 | -€34,415 | €425,451 | €802,103 | ▲ 88.5% |
| Financial income75/76B | €465 | €533 | €0 | €1,576 | €6,484 | ▲ 311% |
| Recurring financial income75 | €465 | €533 | €0 | €1,576 | €6,484 | ▲ 311% |
| Financial charges65/66B | €307 | €7,391 | €41,082 | €69,352 | €30,644 | ▼ 55.8% |
| Recurring financial charges65 | €307 | €7,391 | €41,082 | €69,352 | €30,644 | ▼ 55.8% |
| Profit (loss) for the period before taxes9903 | -€32,497 | -€33,153 | -€75,497 | €357,675 | €777,942 | ▲ 117% |
| Income taxes67/77 | -€273 | €97 | €0 | €52,346 | €207,633 | ▲ 297% |
| Profit (loss) for the period9904 | -€32,224 | -€33,249 | -€75,497 | €305,329 | €570,310 | ▲ 86.8% |
| Profit (loss) for the period to be appropriated9905 | -€32,224 | -€33,249 | -€75,497 | €305,329 | €570,310 | ▲ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €591,248 | €1.5m | €3.0m | €6.4m | €1.9m | ▼ 70.2% |
| Fixed assets21/28 | €100,600 | €87,532 | €74,464 | €71,396 | €0 | ▼ 100% |
| Intangible fixed assets21 | €20,000 | €10,000 | €0 | - | - | - |
| Tangible fixed assets22/27 | €80,600 | €77,532 | €74,464 | €71,396 | €0 | ▼ 100% |
| Land and buildings22 | €80,600 | €77,532 | €74,464 | €71,396 | €0 | ▼ 100% |
| Current assets29/58 | €490,648 | €1.4m | €2.9m | €6.4m | €1.9m | ▼ 69.8% |
| Stocks and contracts in progress3 | €225,577 | €631,717 | €2.5m | €5.1m | €1.1m | ▼ 78.7% |
| Stocks30/36 | €225,577 | €631,717 | €2.5m | €5.1m | €1.1m | ▼ 78.7% |
| Amounts receivable within one year40/41 | €45,402 | €7,852 | €82,842 | €86,550 | €127,798 | ▲ 47.7% |
| Trade receivables40 | €600 | €55 | €82,842 | €42,379 | €9,746 | ▼ 77.0% |
| Other amounts receivable41 | €44,801 | €7,797 | €0 | €44,171 | €118,052 | ▲ 167% |
| Current investments50/53 | €70,790 | €204 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €115,319 | €746,499 | €344,604 | €1.2m | €708,725 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | €33,560 | €307 | €4,558 | €2,090 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €591,248 | €1.5m | €3.0m | €6.4m | €1.9m | ▼ 70.2% |
| Equity10/15 | €501,086 | €467,837 | €392,340 | €72,668 | €442,978 | ▲ 510% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | €3,349 | €3,349 | €3,349 | €3,349 | €3,349 | = |
| Reserves13 | €495,162 | €495,162 | €495,162 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €488,962 | €488,962 | €488,962 | €0 | - | - |
| Profit (loss) carried forward14 | -€59,424 | -€92,674 | -€168,171 | €1,120 | €371,429 | ▲ 33,072% |
| Amounts payable17/49 | €90,161 | €1.0m | €2.6m | €6.4m | €1.5m | ▼ 76.8% |
| Amounts payable within one year42/48 | €88,150 | €1.0m | €2.6m | €6.4m | €1.5m | ▼ 76.8% |
| Financial debts43 | - | - | €600,000 | €1.2m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €600,000 | €1.2m | €0 | ▼ 100% |
| Trade debts44 | €75,266 | €9,447 | €4,715 | €1.6m | €1.0m | ▼ 35.5% |
| Suppliers440/4 | €75,266 | €9,447 | €4,715 | €1.6m | €1.0m | ▼ 35.5% |
| Advances received on contracts in progress46 | - | €824,765 | €1.8m | €2.7m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €12,884 | €82,618 | €74,256 | €330,194 | €268,361 | ▼ 18.7% |
| Taxes450/3 | €12,884 | €82,618 | €74,256 | €330,194 | €268,361 | ▼ 18.7% |
| Other amounts payable47/48 | - | €89,443 | €94,810 | €625,000 | €200,000 | ▼ 68.0% |
| Accrued charges and deferred income492/3 | €2,011 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,224 | -€33,249 | -€75,497 | €305,329 | €570,310 | ▲ 86.8% |
| + Depreciation and write-downs630 | €13,068 | €13,068 | €13,068 | €3,068 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€19,156 | -€20,181 | -€62,429 | €308,396 | €570,310 | ▲ 84.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €71,396 | - |
| Change in cash | - | €631,180 | -€401,894 | €858,835 | -€494,714 | ▼ 158% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €570,310 ▲86.8%
Operating result €802,103, net result €570,310, both a record.
31-12
Financial
Equity above €200,000Eq €442,978 ▲510%
2 profitable years in a row build equity to €442,978.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €305,329
Net result €305,329 after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€75,497
Net result drops to -€75,497, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 57.44
Current ratio from 15.42 to 57.44; short-term debt falls from €28,398 to €7,455.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 15.42
Current ratio from 4.84 to 15.42; short-term debt falls from €123,323 to €28,398.
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 1942
Ground area
479 m²
Building footprint
143 m²
Volume, LiDAR
1,876 m³
2 parcels, Flanders · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
IJzerenwaag 12, 2000 Antwerpen
since 19422.003.551.826
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0838/00R000 | Flanders | 375 m² | 1 · 39 m² | 16.7 m · 5 fl. |
| 11804D0830/00B000 | Flanders | 104 m² | 1 · 104 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersChain of control
- CAP
- KRABBENDIJKE
- The Roastery
Highest known parent: CAP. The sources do not say who stands above it.
Owners 2
- KRABBENDIJKEparent56.52%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
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BEJASO
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OMBIMMO
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FREDERIC THIELEMANS
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 4,694 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404837913
Also
9925:BE0404837913
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.