CROMWELL
CROMWELL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €16k. Equity is shrinking by ~28.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 52% of 2925 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €74k |
| Net result | €16k |
| Staff (FTE) | 9.2 |
| Better than sector | 52% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 34.2% | 32.6% | |
| Net result | €16k | €26k | |
| Equity | €74k | €140k | |
| Gross operating margin | €710k | €395k | |
| Staff costs | €610k | €298k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €88k | €28k | €60k | €78k |
| Net profit | €16k | €-47k | €52 | €33k |
| Cash flow | €79k | €20k | €50k | €68k |
| Staff costs | €610k | €693k | €670k | €431k |
| Income taxes | €506 | €-544 | €2k | €4k |
| Dividends | €20k | €20k | €13k | - |
| Total assets | €217k | €290k | €381k | €314k |
| Equity | €74k | €78k | €146k | €159k |
| Debt | €143k | €211k | €235k | €156k |
| of which ≤ 1y | €124k | €166k | €163k | €102k |
| of which > 1y | €13k | €38k | €70k | €32k |
| Working capital | €-62k | €-91k | €-53k | €134k |
| Employees (FTE) | 9.2 | 11.3 | 12.2 | 11.5 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.50 | 0.45 | 0.68 | 2.32 |
| Quick ratio | 0.21 | 0.22 | 0.43 | 2.06 |
| Working capital ratio | -28.5% | -31.6% | -13.9% | 42.6% |
| Solvency | 34.2% | 27.1% | 38.2% | 50.4% |
| Debt / equity | 1.92 | 2.69 | 1.62 | 0.98 |
| Long-term debt ratio | 0.17 | 0.49 | 0.48 | 0.20 |
| Interest coverage | 9.49 | 2.89 | 6.15 | 11.33 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.3% | -16.3% | 0.0% | 10.5% |
| ROE | 21.3% | -60.3% | 0.0% | 20.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €217k | €290k | €381k | €314k |
| Fixed assets | 21/28 | €155k | €215k | €270k | €79k |
| Tangible fixed assets | 22/27 | €155k | €215k | €270k | €79k |
| Financial fixed assets | 28 | - | - | - | €55 |
| Current assets | 29/58 | €62k | €75k | €110k | €235k |
| Stocks & contracts in progress | 3 | €36k | €38k | €40k | €26k |
| Amounts receivable within one year | 40/41 | €2k | €13k | €14k | €6k |
| Cash & bank | 54/58 | €23k | €23k | €57k | €202k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €217k | €290k | €381k | €314k |
| Equity | 10/15 | €74k | €78k | €146k | €159k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €56k | €70k | €127k | €140k |
| Accumulated profits (losses) | 14 | - | €-10k | - | - |
| Amounts payable | 17/49 | €143k | €211k | €235k | €156k |
| Amounts payable after one year | 17 | €13k | €38k | €70k | €32k |
| Amounts payable within one year | 42/48 | €124k | €166k | €163k | €102k |
| Trade debts payable within one year | 44 | €38k | €54k | €70k | €44k |
| Income statement | |||||
| Gross operating margin | 9900 | €710k | €730k | €738k | €517k |
| Operating result | 9901 | €25k | €-39k | €11k | €43k |
| Financial income | 75 | €1k | €993 | €1k | €730 |
| Financial charges | 65 | €9k | €10k | €10k | €7k |
| Result before taxes | 9903 | €16k | €-48k | €2k | €37k |
| Income taxes | 67/77 | €506 | €-544 | €2k | €4k |
| Net result for the period | 9904 | €16k | €-47k | €52 | €33k |
| Result to be appropriated | 9905 | €16k | €-47k | €52 | €33k |
-
BELPAEME Chantal SimonneDirectorState Gazette act 23307515 (24-01-2023)Current24-01-2023 → present
2 events
- 24-01-2023 Resigned· Director
- 24-01-2023 Appointed· Director
-
BELPAEME Pascal PierreDirectorState Gazette act 23307515 (24-01-2023)Current24-01-2023 → present
2 events
- 24-01-2023 Resigned· Director
- 24-01-2023 Appointed· Director
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 09-01-1995 |
| Status | Active |
| Postal code | 8400 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0202/00A000 | Flanders | 281 m² | 1 · 214 m² | 28.2 m · 9 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-06-2024 Registered office moved within Oostende
- Brabantstraat 2 bus 5C, 8400 Oostende → Wapenplein 6 bus B, 8400 Oostende
Technical details
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"Annexes du Moniteur belge"
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}24-01-2023 2 directors appointed, 2 resigning
- BELPAEME Chantal Simonne, Bestuurder
- BELPAEME Pascal Pierre, Bestuurder
- BELPAEME Chantal Simonne, Bestuurder
- BELPAEME Pascal Pierre, Bestuurder
Technical details
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"via_org": {
"kbo": "0479.793.672",
"name": "QVICK, DEVRIENDT \u0026 PARTNERS B.V.",
"address": "8400 Oostende, Nieuwpoortsesteenweg 44",
"country": "BE",
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"notary": {
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}| Legal nameNL | CROMWELL |