Waffles 'n Beer
ActiveSummary
The computed 12-month bankruptcy probability of Waffles 'n Beer is 7.7% (elevated). The 2025 annual accounts show equity of €83k and a net result of €58k. Its solvency ranks better than 45% of 13305 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+16
Solvency50▲+17
Growth78
Track record82
Bankruptcy probability, 12 months
7.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.58 against 0.46 in 2024; short-term debt: 66.5% and cash: 30.8% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
25.2%
Return on assets
17.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
16 d early
2024
30 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 230%
2024 · €25k
2024: €25k
2024 → 2025
Total assets
€328k▲ 0.2%
2024 · €328k
2024: €328k
2024 → 2025
Net result
€58k▲ 149%
2024 · €23k
2024: €23k
2024 → 2025
Working capital
€-92k▲ 36.2%
2024 · €-145k
2024: €-145k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€25k-€83k▲ 230%
Operating result€119k-€204k▲ 71.2%
Net result€23k-€58k▲ 149%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 71% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328k
Fixed assets
€202k ▼ 2.1%
Current assets
€126k ▲ 4.0%
Equity and liabilities €328k
Equity
€83k ▲ 230%
Debt
€246k ▼ 18.9%
Debt's share of the balance-sheet total falls from 92.3% to 74.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€237k▲
2024 · €137k
Cash flow
€91k▲
2024 · €41k
Current ratio
0.58▲
2024 · 0.46
Quick ratio
0.53▲
2024 · 0.44
Debt to equity
2.97▼
2024 · 12.07
ROE
69.7%▼
2024 · 92.0%
ROA
17.5%▲
2024 · 7.0%
Interest coverage
1.79▲
2024 · 1.45
Debt ≤ 1 year
€219k▼
2024 · €266k
Debt > 1 year
€27k▼
2024 · €37k
Income taxes
€14k▲
2024 · €1k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€328k€328k▲
Fixed assets21/28€206k€202k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€200k€189k▼
Land and buildings22€171k€148k▼
Plant, machinery and equipment23€28k€41k▲
Financial fixed assets28-€9k
Current assets29/58€121k€126k▲
Stocks and contracts in progress3€4k€11k▲
Stocks30/36€4k€11k▲
Amounts receivable within one year40/41€37k€12k▼
Trade receivables40€28k€8k▼
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€80k€101k▲
Deferred charges and accrued income490/1€526€2k▲
Equity and liabilities
Total equity and liabilities10/49€328k€328k▲
Equity10/15€25k€83k▲
Contributions10/11€2k€2k=
Reserves13€23k€81k▲
Distributable reserves133€23k€81k▲
Amounts payable17/49€303k€246k▼
Amounts payable after more than one year17€37k€27k▼
Financial debts170/4€37k€27k▼
Amounts payable within one year42/48€266k€219k▼
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€124k€41k▼
Suppliers440/4€124k€41k▼
Advances received on contracts in progress46€2k€6k▲
Taxes, remuneration and social security45€13k€33k▲
Taxes450/3€13k€33k▲
Other amounts payable47/48€118k€129k▲
Accrued charges and deferred income492/3-€163
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€33k▲
Other operating charges640/8€762€1k▲
Gross operating margin9900€138k€239k▲
Operating profit (loss)9901€119k€204k▲
Financial income75/76B€61€37▼
Recurring financial income75€61€37▼
Financial charges65/66B€95k€133k▲
Recurring financial charges65€95k€133k▲
Profit (loss) for the period before taxes9903€24k€72k▲
Income taxes67/77€1k€14k▲
Profit (loss) for the period9904€23k€58k▲
Profit (loss) for the period to be appropriated9905€23k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€58k▲
Transfer to equity691/2€23k€58k▲
To other reserves6921€23k€58k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 5 establishment units since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Abdijbekestraat 218200 BruggeGround area
8,021 m²
Building footprint
1,965 m²
Volume, LiDAR
22,048 m³
5 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
5 establishment units
Waffles 'n Beer
since 20232.352.897.425
Waffles 'n Beer
since 20242.358.440.281
Waffles 'n Beer
since 20242.370.831.339
Waffles 'n Beer
since 20252.370.831.438
Waffles 'n Beer
since 20252.370.831.537
5 parcels
Flanders
4
(80%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1233/00G000 | Flanders | 4,547 m² | 1 · 1,069 m² | 17.5 m · 5 fl. |
| 31027D0420/00M005 | Flanders | 3,171 m² | 1 · 593 m² | 14.1 m · 1 fl. |
| 21004A1507/00A000 | Brussels | 119 m² | 1 · 119 m² | 17.8 m · 5 fl. |
| 31805E1417/00B000 | Flanders | 102 m² | 1 · 102 m² | 13.7 m · 4 fl. |
| 31802B1085/00N000 | Flanders | 82 m² | 1 · 82 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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Vlugge Jongeren Baardegem
BE 0438.367.249
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ABSOLUTE KJ EVENTS
BE 0550.607.533
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HANDELSONDERNEMING VERDONCK
BE 0423.533.870
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Of 1,352 companies in sector 56220 we hold annual accounts for 405. 317 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56220Contract catering and other food service activities
79901Tourist information services
82990Other business support services
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.