TSARABE
ActiveSummary
The computed 12-month bankruptcy probability of TSARABE is 2.4% (moderate). The 2024 annual accounts show negative equity (-€23,090) and a net result of €16,691. Equity is growing by about 8.5% per year across the filed financial years. Its solvency ranks better than 19% of 18,735 sector peers (NACE 56, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€23,090
- Profit
- €16,691
Why 53raises riskSector: Food and beverage service activities (NACE 56)1 financial year not filed after the legal deadline; latest accounts 56 days late; 2 of the last 3 latelowers riskFounded in 2008Liquidity: current ratio 0.44, cash €23,968Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 9% on solvency, 29% on liquidity, 81% on profitability and 78% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 80 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €16,691
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 19 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €20,731 after a loss of €9,481 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.9% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,632 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €37,860 | €46,747 | €35,921 | €25,114 | ▼ 30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,052 | €9,218 | €8,660 | €8,660 | €8,745 | €9,024 | €4,185 | ▼ 53.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | -€914 | - |
| Other operating charges640/8 | - | - | - | €700 | €1,718 | €1,279 | €3,686 | ▲ 188% |
| Gross operating margin9900 | €39,669 | €39,515 | €34,877 | €78,784 | €56,643 | €36,742 | €52,802 | ▲ 43.7% |
| Operating profit (loss)9901 | €3,721 | €5,883 | €5,644 | €31,564 | -€567 | -€9,481 | €20,731 | - |
| Financial income75/76B | - | - | - | €2 | €153 | €61 | €145 | ▲ 140% |
| Recurring financial income75 | €8 | €2 | €3 | €2 | €153 | €61 | €145 | ▲ 140% |
| Financial charges65/66B | - | - | - | €4,450 | €3,282 | €3,647 | €4,186 | ▲ 14.8% |
| Recurring financial charges65 | €4,526 | €4,440 | €3,645 | €4,450 | €3,282 | €3,647 | €4,186 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | -€797 | €1,444 | €2,002 | €27,116 | -€3,696 | -€13,068 | €16,691 | - |
| Income taxes67/77 | €2 | €1 | - | €110 | €145 | - | - | - |
| Profit (loss) for the period9904 | -€800 | €1,444 | €2,002 | €27,006 | -€3,841 | -€13,068 | €16,691 | - |
| Profit (loss) for the period to be appropriated9905 | -€800 | €1,444 | €2,002 | €27,006 | -€3,841 | -€13,068 | €16,691 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €101,737 | €104,196 | €92,902 | €98,262 | €101,620 | €80,641 | €86,178 | ▲ 6.9% |
| Fixed assets21/28 | €95,341 | €86,834 | €78,174 | €70,189 | €62,536 | €53,512 | €49,327 | ▼ 7.8% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €94,911 | €86,404 | €77,744 | €69,084 | €61,431 | €52,407 | €48,222 | ▼ 8.0% |
| Land and buildings22 | - | - | - | €69,084 | €60,424 | €51,764 | €47,943 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | - | - | €0 | €1,007 | €643 | €279 | ▼ 56.6% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | - | - | - |
| Financial fixed assets28 | €430 | €430 | €430 | €1,105 | €1,105 | €1,105 | €1,105 | = |
| Current assets29/58 | €6,396 | €17,362 | €14,729 | €28,073 | €39,084 | €27,129 | €36,851 | ▲ 35.8% |
| Stocks and contracts in progress3 | - | - | - | €5,285 | €12,879 | €7,499 | €12,410 | ▲ 65.5% |
| Stocks30/36 | - | - | - | €5,285 | €12,879 | €7,499 | €12,410 | ▲ 65.5% |
| Amounts receivable within one year40/41 | €460 | €10,068 | €1,355 | - | €3,648 | €5,522 | €11 | ▼ 99.8% |
| Trade receivables40 | - | - | - | - | €3,466 | €3,908 | €11 | ▼ 99.7% |
| Other amounts receivable41 | - | - | - | - | €182 | €1,614 | - | - |
| Cash at bank and in hand54/58 | €5,830 | €7,295 | €11,797 | €22,395 | €22,121 | €9,228 | €23,968 | ▲ 160% |
| Deferred charges and accrued income490/1 | - | - | - | €393 | €437 | €4,881 | €462 | ▼ 90.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €101,737 | €104,196 | €92,902 | €98,262 | €101,620 | €80,641 | €86,178 | ▲ 6.9% |
| Equity10/15 | -€53,195 | -€51,751 | -€49,878 | -€22,872 | -€26,713 | -€39,780 | -€23,090 | ▲ 42.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,594 | €18,594 | €18,594 | €18,594 | = |
| Profit (loss) carried forward14 | -€71,795 | -€70,351 | -€68,471 | -€41,465 | -€45,306 | -€58,374 | -€41,683 | ▲ 28.6% |
| Provisions and deferred taxes16 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €2,000 | €2,000 | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €2,000 | €2,000 | - | - | - |
| Amounts payable17/49 | €152,932 | €153,947 | €140,780 | €119,134 | €126,333 | €120,422 | €109,268 | ▼ 9.3% |
| Amounts payable after more than one year17 | €60,717 | €55,634 | €50,239 | €44,557 | €38,489 | €32,019 | €25,156 | ▼ 21.4% |
| Financial debts170/4 | - | - | - | €44,557 | €38,489 | €32,019 | €25,156 | ▼ 21.4% |
| Amounts payable within one year42/48 | €92,215 | €98,314 | €90,541 | €74,577 | €85,058 | €88,402 | €84,111 | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,696 | €6,068 | €6,469 | €7,417 | ▲ 14.6% |
| Trade debts44 | €5,129 | €13,607 | €4,700 | €1,190 | €9,584 | €5,283 | €5,349 | ▲ 1.3% |
| Suppliers440/4 | - | - | - | €1,190 | €9,584 | €5,283 | €5,349 | ▲ 1.3% |
| Taxes, remuneration and social security45 | - | - | - | €2,626 | €2,245 | €7,420 | €3,900 | ▼ 47.4% |
| Taxes450/3 | - | - | - | €353 | - | €1,228 | €681 | ▼ 44.5% |
| Remuneration and social security454/9 | - | - | - | €2,274 | €2,245 | €6,192 | €3,219 | ▼ 48.0% |
| Other amounts payable47/48 | - | - | - | €65,065 | €67,160 | €69,230 | €67,446 | ▼ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,786 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€800 | €1,444 | €2,002 | €27,006 | -€3,841 | -€13,068 | €16,691 | - |
| + Depreciation and write-downs630 | €10,052 | €9,218 | €8,660 | €8,660 | €8,745 | €9,024 | €4,185 | ▼ 53.6% |
| Operating cash flow (approximation) | €9,253 | €10,662 | €10,662 | €35,666 | €4,903 | -€4,044 | €20,876 | - |
| Investment in fixed assets (approximation) | - | -€710 | €0 | -€675 | -€1,092 | €0 | €0 | - |
| Change in cash | - | €1,464 | €4,503 | €10,598 | -€274 | -€12,893 | €14,740 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 25-09-2025 | 2025-00502632 |
| 31-12-2023 | micro format | 25-11-2024 | 2024-00603806 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402210 |
| 31-12-2021 | micro format | 07-08-2022 | 2022-20274282 |
| 31-12-2020 | micro format | 20-12-2021 | 2021-80800344 |
| 31-12-2019 | micro format | 08-12-2020 | 2020-75000054 |
| 31-12-2018 | micro format | 08-12-2020 | 2020-75000052 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-55300520 |
| 31-12-2016 | micro format | 21-08-2017 | 2017-48100274 |
| 31-12-2015 | full format | 23-09-2016 | 2016-62100079 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
22-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousResignations: MARY Souraya (manager) and SAROT Michael (manager) · Reappointment: MARY Souraya (director) · Permanent representative: MARY Souraya18 facts ▸
- Director resignation, MARY Souraya (manager)
- Director reappointment, MARY Souraya (director (not named in the articles))
- Other provision, “exécution du mandat, décharge” (deed in French)
- Permanent representative, MARY Souraya
- Registered office clause, “7971 Beloeil (Basècles),Porte à Camp 42” (deed in French)
- Power of attorney
- General meeting, 08-01-2024
- Incorporation, 28-10-2008
- Other provision, “statuts non modifiés depuis constitution” (deed in French)
- Other provision, “immatriculation registre personnes morales”, 0807.435.720 (deed in French)
- Other provision, “adaptation statuts au CSA et maintien SRL, Première résolution” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- +6 further facts in this act
Show earlier events
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51007C0632/00L002 | Wallonia | 456 m² | 1 · 83 m² | 11.5 m · 3 |
| 51007A0520/00C003 | Wallonia | 190 m² | 1 · 41 m² | 7.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’exploitation,sous sa propre enseigne ou par voie de franchise ou licence de tout snack-bar,cafétéria,sandwicherie,service de cuisine…” (deed in French)
3 activities (deed in French)
- L’exploitation,sous sa propre enseigne ou par voie de franchise ou licence de tout snack-bar,cafétéria,sandwicherie,service de cuisine rapide ou de petite restauration,de tout service traiteur et/ou d’un ou plusieurs restaurants,ainsi que la livraison à domicile et la vente ambulante
- Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca,l’organisation de banquets et réceptions,le service traiteur,y compris l’organisation,la gestion et l’exploitation de restaurants,cafétérias,débits de boissons,ainsi que toutes opérations de tourisme,d’hôtellerie,de divertissements et de loisirs
- L’importation et l’exportation de tous produits se rapportant à l’objet de la société
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TSARABE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision organe d’administration,sièges administratifs,agences,ateliers,dépôts,succursales,Belgique et étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommes avec ou sans limitation de duree, un ou plusieurs administrateurs” (deed in French)“Portee aux frais generaux independamment des frais de representation voyages et deplacements, assemblee generale decide si mandat exerce…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, Article 9” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “10, libre de ceder tout ou partie librement” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions–droit de préférence, Article 8” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l’assemblée générale délibérant dans formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, administrateurs en fonction désignés comme liquidateurs en vertu des statuts si aucun…” (deed in French)