Checked.be
Active
BE 0895.168.062Private limited company
Babava
Brusselsesteenweg 48 ·1860 Meise, Belgium· 18 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
Babava has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €25k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 18938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €74k |
| Net result | €25k |
| Staff (FTE) | 4.2 |
| Better than sector | 73% |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
91
Profitability
100
Solvency
85
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
91
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€7k
estimate, not credit advice
Score history
56
2021
33
2022
64
2023
91
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.45 (≥ 1.0)
+5
Leverage
Debt/equity 0.78 (< 1.0)
+10
Profitability
ROE 34% (≥ 10%)
+10
Interest coverage
Interest coverage 12.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-03-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~24.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.2% | 29.1% | |
| Net result | €25k | €5k | |
| Equity | €74k | €27k | |
| Gross operating margin | €253k | €60k | |
| Staff costs | €199k | €55k |
€52k
+69.5%
21-24
€25k
+157.9%
21-24
€43k
+69.7%
21-24
€132k
+10.5%
21-24
€74k
+52.1%
21-24
€21k
-
21-24
4
-2.3%
21-24
€199k
+5.7%
21-24
€6k
+345.7%
21-24
€58k
-18.2%
21-24
€47k
-33.6%
21-24
€11k
-
21-24
1.45
+84.6%
21-24
0.89
+105.6%
21-24
56.2%
+37.7%
21-24
0.78
-46.2%
21-24
34.3%
+69.5%
21-24
19.3%
+133.4%
21-24
12.01
+68.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €52k | €31k | €17k | €31k |
| Net profit | €25k | €10k | €-388 | €16k |
| Cash flow | €43k | €25k | €13k | €28k |
| Staff costs | €199k | €188k | €141k | €59k |
| Income taxes | €6k | €1k | €199 | €2k |
| Dividends | - | - | - | - |
| Total assets | €132k | €119k | €95k | €92k |
| Equity | €74k | €49k | €39k | €39k |
| Debt | €58k | €71k | €56k | €52k |
| of which ≤ 1y | €47k | €71k | €55k | €47k |
| of which > 1y | €11k | €0 | €1k | €5k |
| Working capital | €21k | €-15k | €-8k | €-10k |
| Employees (FTE) | 4.2 | 4.3 | 3.9 | 3.5 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.45 | 0.79 | 0.86 | 0.79 |
| Quick ratio | 0.89 | 0.43 | 0.50 | 0.58 |
| Working capital ratio | 16.0% | -12.7% | -8.1% | -10.8% |
| Solvency | 56.2% | 40.8% | 41.2% | 42.9% |
| Debt / equity | 0.78 | 1.45 | 1.43 | 1.33 |
| Long-term debt ratio | 0.15 | 0.00 | 0.03 | 0.13 |
| Interest coverage | 12.01 | 7.14 | 4.07 | 10.92 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 19.3% | 8.3% | -0.4% | 17.4% |
| ROE | 34.3% | 20.2% | -1.0% | 40.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €132k | €119k | €95k | €92k |
| Fixed assets | 21/28 | €64k | €64k | €48k | €54k |
| Intangible fixed assets | 21 | €1 | €1 | €1 | €191 |
| Tangible fixed assets | 22/27 | €64k | €64k | €48k | €54k |
| Current assets | 29/58 | €68k | €56k | €47k | €37k |
| Stocks & contracts in progress | 3 | €26k | €25k | €19k | €10k |
| Amounts receivable within one year | 40/41 | €28k | €1k | €0 | €2k |
| Cash & bank | 54/58 | €7k | €21k | €19k | €18k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €132k | €119k | €95k | €92k |
| Equity | 10/15 | €74k | €49k | €39k | €39k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €53k | €28k | €18k | €18k |
| Accumulated profits (losses) | 14 | €2k | €2k | €2k | €3k |
| Amounts payable | 17/49 | €58k | €71k | €56k | €52k |
| Amounts payable after one year | 17 | €11k | €0 | €1k | €5k |
| Amounts payable within one year | 42/48 | €47k | €71k | €55k | €47k |
| Trade debts payable within one year | 44 | €31k | €23k | €4k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €253k | €223k | €160k | €96k |
| Operating result | 9901 | €35k | €15k | €4k | €18k |
| Financial income | 75 | €589 | €41 | €11 | €408 |
| Financial charges | 65 | €4k | €4k | €4k | €3k |
| Result before taxes | 9903 | €31k | €11k | €-188 | €18k |
| Income taxes | 67/77 | €6k | €1k | €199 | €2k |
| Net result for the period | 9904 | €25k | €10k | €-388 | €16k |
| Result to be appropriated | 9905 | €25k | €10k | €-388 | €16k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 23-01-2008 |
| Status | Active |
| Postal code | 1860 |
Establishment units
Taverne Restaurant Den Beiaard
since 20082.168.475.877
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050G0082/00W000 | Flanders | 181 m² | 1 · 87 m² | 9.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €25k ▲158%
Operating result €35k, net result €25k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-388 ▼102%
Net result drops to €-388, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Full-service restaurants56101Full-service restaurants56111Limited-service restaurants56102Limited-service restaurants, excluding mobile food services56112
Names & trade names
| Legal nameNL | Babava |
| Trade nameNL | Den Beiaard |
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