TITANIC
ActiveSummary
TITANIC has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €400. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-18
Solvency79▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.59 in 2024; short-term debt: 28.2% and cash: 31% of total assets), and 46.3% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 →
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 · 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
53.7%
Return on assets
0.2%
Age of the figures
9 mo
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
61 d late
2022
6 d early
2021
4 d early
2020
4 d early
2019
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€400▼ 97.7%
2024 · €18k
Working capital
€63k▼ 2.8%
2024 · €65k
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€52k▲ 664%€-11k€3k€34k▲ 992%€13k▼ 60.0%
Net result€54k▲ 204%€-16k€-12k▲ 25.7%€18k€400▼ 97.7%
Equity€135k▲ 66.8%€119k▼ 12.2%€107k▼ 10.3%€124k▲ 16.6%€125k▲ 0.3%
Total assets€257k▲ 29.2%€322k▲ 25.6%€295k▼ 8.4%€301k▲ 1.8%€232k▼ 22.7%
Debt€121k▲ 3.3%€204k▲ 67.7%€189k▼ 7.3%€176k▼ 6.6%€108k▼ 38.9%
Working capital€115k▲ 69.3%€67k▼ 42.1%€26k▼ 60.9%€65k▲ 149%€63k▼ 2.8%
Staff (FTE)10.1▼ 6.5%9.3▼ 7.9%9.9▲ 6.5%16.2▲ 63.6%14.8▼ 8.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232k
Fixed assets
€104k ▼ 17.0%
Current assets
€129k ▼ 26.7%
Equity and liabilities €232k
Equity
€125k ▲ 0.3%
Debt
€108k ▼ 38.9%
Debt's share of the balance-sheet total falls from 58.6% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2024 · €60k
Cash flow
€26k▼
2024 · €44k
Current ratio
1.96▲
2024 · 1.59
Quick ratio
1.64▲
2024 · 1.51
Debt to equity
0.86▼
2024 · 1.42
ROE
0.3%▼
2024 · 14.2%
ROA
0.2%▼
2024 · 5.9%
Interest coverage
3.21▼
2024 · 4.53
Debt ≤ 1 year
€66k▼
2024 · €111k
Debt > 1 year
€42k▼
2024 · €55k
Income taxes
€813▼
2024 · €3k
Staff costs
€252k▼
2024 · €317k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30k | - | - | - | - |
| Remuneration, social security and pensions62 | €238k | €296k | €352k | €317k | €252k | ▼ 20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €6k | €26k | €26k | ▼ 0.7% |
| Other operating charges640/8 | €3k | €13k | €5k | €3k | €4k | ▲ 18.4% |
| Non-recurring operating charges66A | €5 | - | - | - | - | - |
| Gross operating margin9900 | €297k | €305k | €366k | €380k | €295k | ▼ 22.4% |
| Operating profit (loss)9901 | €52k | €-11k | €3k | €34k | €13k | ▼ 60.0% |
| Financial income75/76B | €24k | - | - | - | - | - |
| Recurring financial income75 | €24k | - | - | - | - | - |
| Financial charges65/66B | €4k | €6k | €12k | €13k | €12k | ▼ 6.9% |
| Recurring financial charges65 | €4k | €6k | €12k | €13k | €12k | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €73k | €-16k | €-9k | €20k | €1k | ▼ 94.1% |
| Income taxes67/77 | €19k | - | €3k | €3k | €813 | ▼ 70.6% |
| Profit (loss) for the period9904 | €54k | €-16k | €-12k | €18k | €400 | ▼ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €54k | €-16k | €-12k | €18k | €400 | ▼ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257k | €322k | €295k | €301k | €232k | ▼ 22.7% |
| Fixed assets21/28 | €21k | €135k | €148k | €125k | €104k | ▼ 17.0% |
| Tangible fixed assets22/27 | €20k | €135k | €147k | €124k | €103k | ▼ 17.1% |
| Plant, machinery and equipment23 | €6k | €48k | €48k | €39k | €33k | ▼ 16.0% |
| Furniture and vehicles24 | €3k | €3k | €5k | €3k | €1k | ▼ 58.3% |
| Other tangible fixed assets26 | €11k | €84k | €94k | €82k | €69k | ▼ 16.3% |
| Financial fixed assets28 | €744 | €744 | €744 | €744 | €744 | = |
| Current assets29/58 | €236k | €187k | €148k | €176k | €129k | ▼ 26.7% |
| Stocks and contracts in progress3 | €11k | €13k | €11k | €8k | €21k | ▲ 151% |
| Stocks30/36 | €11k | €13k | €11k | €8k | €21k | ▲ 151% |
| Amounts receivable within one year40/41 | €147k | €81k | €72k | €64k | €6k | ▼ 91.0% |
| Trade receivables40 | €5k | €11k | €6k | €541 | €3k | ▲ 539% |
| Other amounts receivable41 | €142k | €70k | €66k | €63k | €2k | ▼ 96.4% |
| Cash at bank and in hand54/58 | €74k | €86k | €56k | €95k | €72k | ▼ 24.2% |
| Deferred charges and accrued income490/1 | €3k | €7k | €8k | €8k | €30k | ▲ 263% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257k | €322k | €295k | €301k | €232k | ▼ 22.7% |
| Equity10/15 | €135k | €119k | €107k | €124k | €125k | ▲ 0.3% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €73k | €57k | €45k | €62k | €63k | ▲ 0.6% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €67k | €51k | €38k | €56k | €57k | ▲ 0.7% |
| Amounts payable17/49 | €121k | €204k | €189k | €176k | €108k | ▼ 38.9% |
| Amounts payable after more than one year17 | - | €79k | €67k | €55k | €42k | ▼ 23.3% |
| Financial debts170/4 | - | €79k | €67k | €55k | €42k | ▼ 23.3% |
| Amounts payable within one year42/48 | €120k | €120k | €122k | €111k | €66k | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | €17k | €19k | €20k | €20k | €21k | ▲ 2.6% |
| Trade debts44 | €61k | €85k | €73k | €76k | €34k | ▼ 55.8% |
| Suppliers440/4 | €61k | €85k | €73k | €76k | €34k | ▼ 55.8% |
| Taxes, remuneration and social security45 | €42k | €14k | €12k | €13k | €11k | ▼ 12.9% |
| Taxes450/3 | €14k | - | - | - | €813 | - |
| Remuneration and social security454/9 | €28k | €14k | €12k | €13k | €10k | ▼ 19.3% |
| Other amounts payable47/48 | - | €2k | €17k | €2k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €898 | €4k | - | €11k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €-16k | €-12k | €18k | €400 | ▼ 97.7% |
| + Depreciation and write-downs630 | €5k | €7k | €6k | €26k | €26k | ▼ 0.7% |
| Operating cash flow (approximation) | €59k | €-10k | €-6k | €44k | €26k | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | €-121k | €-18k | €-3k | €-4k | ▼ 41.5% |
| Change in cash | - | €13k | €-30k | €39k | €-23k | ▼ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €54k ▲204%
Operating result €52k, net result €54k, both a record.
31-12
Financial
Equity above €100kEq €135k ▲66.8%
4 profitable years in a row build equity to €135k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
03-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 3 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, La Louvière · 1 establishment unit since 1994
Ground area
3.3 ha
Building footprint
2.2 ha
Volume, LiDAR
114,757 m³
2 parcels, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TITANIC
since 19942.067.028.329
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502C0335/00E005 | Wallonia | 3.3 ha | 1 · 2.2 ha | 9.5 m · 2 fl. |
| 55022A0470/00P034 | Wallonia | 220 m² | 1 · 83 m² | 15.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteChâtelet2.067.028.329
Similar companies · same sector, comparable size
River Blue
BE 0822.761.324
Aarschot · Eq €124,722
PASTA D'ITALIA
BE 0798.492.716
Grimbergen · Eq €124,710
Mister FRITZ
BE 0726.520.003
La Louvière · Eq €124,820
MAM’S
BE 0717.726.259
Brussel · Eq €124,683
STAR TEAM
BE 0689.792.041
Oud-Turnhout · Eq €124,848
Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 7,527 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
Founded05-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.