CABBAGE

Active

Private limited companyfounded 20215 yrs activeVredestraat 22, 1050 Elsene, BelgiumKBO/BCE: BE 0767.376.106

Summary

The computed 12-month bankruptcy probability of CABBAGE is 13.4% (high). The 2024 annual accounts show negative equity (€-310k) and a net result of €-140k. Equity is shrinking by ~101% per year across the filed fiscal years. Its solvency ranks better than 18% of 1763 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

14 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability13▲+13

Solvency0▼-12

Growth32=

Track record94

Bankruptcy probability, 12 months

13.4% High

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.21 against 0.1 in 2023; short-term debt: 62.6% and cash: 8.4% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

-26.1%

Return on assets

-11.8%

Age of the figures

21 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year €-310k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

21 d early

2023

27 d late

2022

12 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-140k▲ 31.2%

2023 · €-203k

2022: €30k 2023: €-203k

2022 → 2024

Working capital

€-589k▲ 30.4%

2023 · €-846k

2022: €-137k 2023: €-846k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€33k-€-170k€-310k▼ 82.3%

Operating result€69k-€-183k€-119k▲ 34.8%

Net result€30k-€-203k€-140k▲ 31.2%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €119k in 2024 against €183k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.19M

86.9%

13.1%

Fixed assets €1.03M ▼ 12.4%

Current assets €155k ▲ 70.0%

Key figures and ratios

2024 value · change against 2023

EBITDA

€34k▲

2023 · €-39k

Cash flow

€14k▲

2023 · €-59k

Solvency

-26.1%▼

2023 · -13.4%

Current ratio

0.21▲

2023 · 0.10

Quick ratio

0.16▲

2023 · 0.08

Debt to equity

-4.84▲

2023 · -8.48

ROA

-11.8%▲

2023 · -16.0%

Interest coverage

1.09▲

2023 · -1.90

Debt

€1.50M▲

2023 · €1.44M

Debt ≤ 1 year

€744k▼

2023 · €938k

Debt > 1 year

€754k▲

2023 · €503k

Staff costs

€700k▲

2023 · €500k

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 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€1.27M€1.19M▼

Fixed assets21/28€1.18M€1.03M▼

Intangible fixed assets21€226k€195k▼

Tangible fixed assets22/27€954k€838k▼

Plant, machinery and equipment23€569k€496k▼

Furniture and vehicles24€234k€212k▼

Other tangible fixed assets26€151k€130k▼

Current assets29/58€91k€155k▲

Stocks and contracts in progress3€19k€35k▲

Stocks30/36€19k€35k▲

Amounts receivable within one year40/41€13k€20k▲

Trade receivables40€10k€17k▲

Other amounts receivable41€3k€3k=

Cash at bank and in hand54/58€59k€100k▲

Equity and liabilities

Total equity and liabilities10/49€1.27M€1.19M▼

Equity10/15€-170k€-310k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€-173k€-313k▼

Amounts payable17/49€1.44M€1.50M▲

Amounts payable after more than one year17€503k€754k▲

Financial debts170/4€503k€754k▲

Amounts payable within one year42/48€938k€744k▼

Current portion of amounts payable after more than one year42€74k€26k▼

Trade debts44€72k€129k▲

Suppliers440/4€72k€129k▲

Taxes, remuneration and social security45€51k€78k▲

Taxes450/3€9k€11k▲

Remuneration and social security454/9€42k€68k▲

Other amounts payable47/48€741k€511k▼

Income statement Code20232024

Remuneration, social security and pensions62€500k€700k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€153k▲

Other operating charges640/8€2k€6k▲

Gross operating margin9900€464k€740k▲

Operating profit (loss)9901€-183k€-119k▲

Financial income75/76B€162€11k▲

Recurring financial income75€162€11k▲

Financial charges65/66B€21k€31k▲

Recurring financial charges65€21k€31k▲

Profit (loss) for the period before taxes9903€-203k€-140k▲

Profit (loss) for the period9904€-203k€-140k▲

Profit (loss) for the period to be appropriated9905€-203k€-140k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-173k€-313k▼

Profit (loss) brought forward from the previous period14P€30k€-173k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

27-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 27 days late

2023

31-12

Financial Weakest financial yearnet €-203k ▼769%

Net result drops to €-203k, the lowest in the series; recovery starts the following year.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Elsene · 2 establishment units since 2021

establishment All 2 establishment units on the map

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.

Vredestraat 221050 Elsene

Ground area

215 m²

Building footprint

206 m²

Volume, LiDAR

2,390 m³

2 parcels, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

CABBAGE

Vredestraat 22, 1050 ElseneFull-service restaurants

since 20212.316.845.592

Goods

Vredestraat 25, 1050 ElseneRetail sale of bread and pastry (bakery outlets)

since 20222.332.446.657

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21009A0618/00R000	Brussels	117 m²	1 · 117 m²	16.7 m · 2 fl.
21009A0646/00E000	Brussels	98 m²	1 · 88 m²	17.6 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Elsene2.332.446.657

2 permissions

Toelating · Fabrikant kruiden, specerijen, sauzen · since 31-01-2025

Toelating · Bakkerij · since 22-08-2023

Elsene2.316.845.592

1 permission

Toelating · Eetgelegenheid · since 25-05-2021

Similar companies · same sector, comparable size

Sint-Niklaas · Eq €33,375

PARBAT

BE 0556.645.287

Aarschot · Eq €33,367

BC SCHAERBEEK

BE 1000.770.576

Schaarbeek · Eq €33,382

HorecaNID

BE 0771.506.227

Gesves · Eq €33,353

Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,578 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

Founded22-04-2021

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

10712Artisanal bread and fresh pastry making

47241Retail sale of bread and pastry (bakery outlets)

47242Retail sale of chocolate and confectionery

47279Other retail sale of food

56112Limited-service restaurants, excluding mobile food services

56220Contract catering and other food service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.