Belga & Co Solvay
ActiveThe file of Belga & Co Solvay contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (€-119k) and a net result of €164k. Equity is shrinking by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 18941 sector peers (fiscal year 2024).
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+80
Solvency0=
Growth58=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.23 in 2023; short-term debt: 239.1% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 · 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
Solvency
-140.9%
Return on assets
193.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 18941 sector peers (2024).
NBB · sector comparisonPosition among 18941 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2026, 328 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
328 d late
2023
26 d late
2022
155 d late
2021
219 d late
2020
208 d late
2019
509 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-119k▲ 57.8%
2023 · €-283k
2018: €-107k
2019: €-196k
2020: €-213k
2021: €-269k
2022: €-276k
2023: €-283k
2018 → 2024
Total assets
€85k▼ 13.8%
2023 · €98k
2018: €157k
2019: €122k
2020: €147k
2021: €65k
2022: €46k
2023: €98k
2018 → 2024
Net result
€164k
2023 · €-7k
2018: €-157k
2019: €-87k
2020: €-16k
2021: €-56k
2022: €-407
2023: €-7k
2018 → 2024
Working capital
€-141k▲ 43.0%
2023 · €-248k
2018: €-111k
2019: €-191k
2020: €-204k
2021: €-272k
2022: €-248k
2023: €-248k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-213k-€-269k▼ 26.3%€-276k▼ 2.4%€-283k▼ 2.5%€-119k▲ 57.8%
Operating result€-14k-€-50k▼ 250%€-7k▲ 86.8%€-6k▲ 8.6%€165k
Net result€-16k-€-56k▼ 251%€-407▲ 99.3%€-7k▼ 1,625%€164k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €165k after a loss of €6k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85k
Fixed assets
€23k ▼ 8.3%
Current assets
€61k ▼ 15.7%
Key figures and ratios
EBITDA
€168k▲
2023 · €1k
Cash flow
€167k▲
2023 · €217
Solvency
-140.9%▲
2023 · -288.2%
Current ratio
0.30▲
2023 · 0.23
Debt to equity
-1.71▼
2023 · -1.35
ROA
193.3%▲
2023 · -7.2%
Interest coverage
186.34▲
2023 · 1.19
Debt
€204k▼
2023 · €381k
Debt ≤ 1 year
€203k▼
2023 · €320k
Debt > 1 year
€2k▼
2023 · €61k
Income taxes
€0
Staff costs
€-11k▼
2023 · €246k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€98k€85k▼
Fixed assets21/28€25k€23k▼
Tangible fixed assets22/27€18k€15k▼
Plant, machinery and equipment23€15k€13k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€7k€9k▲
Current assets29/58€73k€61k▼
Amounts receivable within one year40/41€72k€60k▼
Trade receivables40€34k€52k▲
Other amounts receivable41€38k€9k▼
Cash at bank and in hand54/58€686€1k▲
Deferred charges and accrued income490/1€418€0▼
Equity and liabilities
Total equity and liabilities10/49€98k€85k▼
Equity10/15€-283k€-119k▲
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-323k€-159k▲
Amounts payable17/49€381k€204k▼
Amounts payable after more than one year17€61k€2k▼
Financial debts170/4€61k€2k▼
Amounts payable within one year42/48€320k€203k▼
Current portion of amounts payable after more than one year42€3k€0▼
Financial debts43€9k€5k▼
Credit institutions430/8€9k€5k▼
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Taxes, remuneration and social security45€80k€77k▼
Taxes450/3€22k€42k▲
Remuneration and social security454/9€57k€35k▼
Other amounts payable47/48€213k€113k▼
Income statement
Code20232024
Non-recurring operating income76A-€129k
Remuneration, social security and pensions62€246k€-11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€2k€850▼
Gross operating margin9900€249k€158k▼
Operating profit (loss)9901€-6k€165k▲
Financial income75/76B€25€6▼
Recurring financial income75€25€6▼
Financial charges65/66B€986€903▼
Recurring financial charges65€986€903▼
Profit (loss) for the period before taxes9903€-7k€164k▲
Income taxes67/77-€0
Profit (loss) for the period9904€-7k€164k▲
Profit (loss) for the period to be appropriated9905€-7k€164k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-323k€-159k▲
Profit (loss) brought forward from the previous period14P€-316k€-323k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 328 days late
20-03
State Gazette act
Resignation: CHAP (director)Appointment: LAPITHEN SRL (director) · Permanent representatives: Loic Installé and Charly Meerbergen · Director discharge7 facts ▸
State Gazette act
Resignation: CHAP (director)
Appointment: LAPITHEN SRL (director) · Permanent representatives: Loic Installé and Charly Meerbergen · Director discharge7 facts ▸
- General meeting, 09/02/2026
- Director resignation, CHAP (director)
- Director discharge, CHAP (director)
- Director appointment, LAPITHEN SRL (director)
- Permanent representative, Loic Installé
- Mandate compensation, LAPITHEN SRL
- Permanent representative, Charly Meerbergen
2025
13-02
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · 20240014 · event 10-02-2025
2024
31-12
Financial
Back to profitnet €164k
Net result €164k after 6 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 155 days late
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 219 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 208 days late
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 509 days late
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 849 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Lapithen
CurrentDirector · since 09-02-2026 · Private limited company · perm. rep.: Loic Installé
09-02-2026
Lapithen: Appointed as Director
09-02-2026
CHAP: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
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.
Aalststraat 7/111000 BrusselGround area
2,411 m²
Building footprint
2,036 m²
Volume, LiDAR
27,934 m³
2 parcels, Brussels · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Belga & Co Solvay
since 20172.264.371.463
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0166/00D000 | Brussels | 2,302 m² | 1 · 1,952 m² | 19.6 m · 5 fl. |
| 21009A0683/00A000 | Brussels | 110 m² | 1 · 85 m² | 22.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.264.371.463
Similar companies · same sector and region
A LA BECASSE
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A. ARCHIDUC
BE 0427.875.710
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ABGAR
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ALBEXH
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ART-TIME
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
47252Retail sale of beverages, general range
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.belgacoffee.com
E-mail:info@belgacoffee.com