THE TEDDY BEAR
ActiveSummary
The computed 12-month bankruptcy probability of THE TEDDY BEAR is 3.2% (moderate). The 2024 annual accounts show negative equity (€-189k) and a net result of €42k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 1763 sector peers (fiscal year 2024). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.07 in 2023; short-term debt: 405.3% and cash: 100% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Return on assets
432.8%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1763 sector peers (2024).
NBB · sector comparisonPosition among 1763 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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
not confirmed
2024
27 d late
2023
34 d late
2022
44 d early
2021
24 d early
2020
19 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 24.2%
2023 · €56k
2018: €-68klowest in 7 years
2019: €-54k▲ +21.1% vs 2018
2020: €-17k▲ +68.7% vs 2019
2021: €-14k▲ +19.1% vs 2020
2022: €44k▲ +421% vs 2021
2023: €56k▲ +27.7% vs 2022highest in 7 years
2024: €42k▼ -24.2% vs 2023
2018 → 2024
Working capital
€-30k▲ 53.2%
2023 · €-64k
2018: €-132k
2019: €-129k▲ +2.0% vs 2018
2020: €-157k▼ -21.7% vs 2019
2021: €-164k▼ -4.7% vs 2020lowest in 7 years
2022: €-124k▲ +24.2% vs 2021
2023: €-64k▲ +48.8% vs 2022
2024: €-30k▲ +53.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-317k-€-331k▼ 4.3%€-287k▲ 13.2%€-232k▲ 19.4%€-189k▲ 18.3%
2020: €-317k
2021: €-331k▼ -4.3% vs 2020lowest in 5 years
2022: €-287k▲ +13.2% vs 2021
2023: €-232k▲ +19.4% vs 2022
2024: €-189k▲ +18.3% vs 2023highest in 5 years
Operating result€-17k-€-14k▲ 19.0%€44k€56k▲ 27.7%€42k▼ 24.2%
2020: €-17klowest in 5 years
2021: €-14k▲ +19.0% vs 2020
2022: €44k▲ +421% vs 2021
2023: €56k▲ +27.7% vs 2022highest in 5 years
2024: €42k▼ -24.2% vs 2023
Net result€-17k-€-14k▲ 19.1%€44k€56k▲ 27.7%€42k▼ 24.2%
2020: €-17klowest in 5 years
2021: €-14k▲ +19.1% vs 2020
2022: €44k▲ +421% vs 2021
2023: €56k▲ +27.7% vs 2022highest in 5 years
2024: €42k▼ -24.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Key figures and ratios
EBITDA
€47k▼
2023 · €61k
Cash flow
€47k▼
2023 · €61k
Current ratio
0.25▲
2023 · 0.07
Debt to equity
-1.05▼
2023 · -1.04
ROA
432.8%▼
2023 · 579.6%
Interest coverage
1211.08▼
2023 · 1481.32
Debt
€199k▼
2023 · €241k
Debt ≤ 1 year
€40k▼
2023 · €69k
Debt > 1 year
€159k▼
2023 · €173k
A ratio outside any meaningful range has been withheld (balance sheet total €10k, equity €-189k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€10k€10k▲
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€5k€10k▲
Cash at bank and in hand54/58€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€10k€10k▲
Equity10/15€-232k€-189k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€381€381=
Profit (loss) carried forward14€-252k€-210k▲
Amounts payable17/49€241k€199k▼
Amounts payable after more than one year17€173k€159k▼
Other amounts payable178/9€173k€159k▼
Amounts payable within one year42/48€69k€40k▼
Trade debts44€39k€40k▲
Suppliers440/4€39k€40k▲
Other amounts payable47/48€29k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€1k€946▼
Gross operating margin9900€62k€48k▼
Operating profit (loss)9901€56k€42k▼
Financial charges65/66B€41€39▼
Recurring financial charges65€41€39▼
Profit (loss) for the period before taxes9903€56k€42k▼
Profit (loss) for the period9904€56k€42k▼
Profit (loss) for the period to be appropriated9905€56k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-252k€-210k▲
Profit (loss) brought forward from the previous period14P€-308k€-252k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €11k | €5k | €5k | = |
| Other operating charges640/8 | - | €864 | €1k | €1k | €946 | ▼ 16.9% |
| Gross operating margin9900 | €-10k | €-6k | €55k | €62k | €48k | ▼ 22.1% |
| Operating profit (loss)9901 | €-17k | €-14k | €44k | €56k | €42k | ▼ 24.2% |
| Financial charges65/66B | - | €23 | €49 | €41 | €39 | ▼ 4.9% |
| Recurring financial charges65 | €40 | €23 | €49 | €41 | €39 | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €-17k | €-14k | €44k | €56k | €42k | ▼ 24.2% |
| Profit (loss) for the period9904 | €-17k | €-14k | €44k | €56k | €42k | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-14k | €44k | €56k | €42k | ▼ 24.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12k | €8k | €24k | €10k | €10k | ▲ 1.5% |
| Fixed assets21/28 | €12k | €6k | €10k | €5k | - | - |
| Tangible fixed assets22/27 | €12k | €6k | €10k | €5k | - | - |
| Plant, machinery and equipment23 | - | €6k | - | - | - | - |
| Furniture and vehicles24 | - | - | €10k | €5k | - | - |
| Current assets29/58 | €194 | €2k | €15k | €5k | €10k | ▲ 105% |
| Amounts receivable within one year40/41 | €188 | €854 | - | - | - | - |
| Other amounts receivable41 | - | €854 | - | - | - | - |
| Cash at bank and in hand54/58 | €6 | €2k | €15k | €5k | €10k | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12k | €8k | €24k | €10k | €10k | ▲ 1.5% |
| Equity10/15 | €-317k | €-331k | €-287k | €-232k | €-189k | ▲ 18.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €381 | €381 | €381 | €381 | = |
| Profit (loss) carried forward14 | €-338k | €-352k | €-308k | €-252k | €-210k | ▲ 16.8% |
| Amounts payable17/49 | €330k | €339k | €312k | €241k | €199k | ▼ 17.5% |
| Amounts payable after more than one year17 | €173k | €173k | €173k | €173k | €159k | ▼ 7.7% |
| Other amounts payable178/9 | - | €173k | €173k | €173k | €159k | ▼ 7.7% |
| Amounts payable within one year42/48 | €157k | €167k | €139k | €69k | €40k | ▼ 42.2% |
| Trade debts44 | €37k | €38k | €37k | €39k | €40k | ▲ 0.9% |
| Suppliers440/4 | - | €38k | €37k | €39k | €40k | ▲ 0.9% |
| Other amounts payable47/48 | - | €129k | €102k | €29k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-14k | €44k | €56k | €42k | ▼ 24.2% |
| + Depreciation and write-downs630 | €6k | €6k | €11k | €5k | €5k | = |
| Operating cash flow (approximation) | €-11k | €-7k | €54k | €61k | €47k | ▼ 22.2% |
| Investment in fixed assets (approximation) | - | €0 | €-15k | €0 | - | - |
| Change in cash | - | €2k | €13k | €-10k | €5k | ▲ 151% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 34 days late
2023
31-12
Financial
Highest result since 2018net €56k ▲27.7%
Operating result €56k, net result €56k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €44k
Net result €44k after 4 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 33 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1985
Ground area
234 m²
Building footprint
139 m²
Volume, LiDAR
2,969 m³
Parcel 21811M1253/00E000, Brussels · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Kartuizersstraat 50 5, 1000 Brussel
since 19852.027.935.349
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1253/00E000 | Brussels | 234 m² | 1 · 139 m² | 23.4 m · 7 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.
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Of 333 companies in sector 56302 we hold annual accounts for 169. 82 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-08-1985
Fiscal year end31-12
Activities, NACEBEL 2025
56302Nightclubs
Scores and ratios are computed by Checked and are not a credit decision.