LE BELGICA
ActiveSummary
The computed 12-month bankruptcy probability of LE BELGICA is 1.7% (moderate). The 2025 annual accounts show equity of €43k and a net result of €52k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 13305 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+1
Solvency49▼-15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.19 in 2024; short-term debt: 76% and cash: 62.3% of total assets), and 76% 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
24%
Return on assets
29%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
4 d early
2021
2 d early
2020
2 d early
2019
1 d early
← 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
€43k▼ 8.6%
2024 · €47k
2018: €18k
2019: €18k
2020: €-8k
2021: €33k
2022: €18k
2023: €18k
2024: €47k
2018 → 2025
Total assets
€178k▲ 48.9%
2024 · €119k
2018: €72k
2019: €67k
2020: €94k
2021: €130k
2022: €114k
2023: €153k
2024: €119k
2018 → 2025
Net result
€52k▲ 80.6%
2024 · €29k
2018: €29k
2019: €16k
2020: €-26k
2021: €41k
2022: €32k
2023: €49k
2024: €29k
2018 → 2025
Working capital
€9k▼ 36.7%
2024 · €14k
2018: €9k
2019: €6k
2020: €-43k
2021: €-820
2022: €-14k
2023: €-12k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€18k▼ 44.5%€18k=€47k▲ 158%€43k▼ 8.6%
Operating result€42k-€42k▼ 0.7%€72k▲ 71.4%€45k▼ 36.6%€81k▲ 77.9%
Net result€41k-€32k▼ 21.0%€49k▲ 52.8%€29k▼ 42.3%€52k▲ 80.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 78% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€34k ▲ 3.4%
Current assets
€144k ▲ 66.2%
Equity and liabilities €178k
Equity
€43k ▼ 8.6%
Debt
€135k ▲ 85.8%
Debt's share of the balance-sheet total rises from 60.9% to 76.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90k▲
2024 · €54k
Cash flow
€61k▲
2024 · €37k
Current ratio
1.07▼
2024 · 1.19
Quick ratio
1.02▼
2024 · 1.09
Debt to equity
3.17▲
2024 · 1.56
ROE
120.9%▲
2024 · 61.2%
ROA
29.0%▲
2024 · 23.9%
Interest coverage
11.90▲
2024 · 7.59
Debt ≤ 1 year
€135k▲
2024 · €73k
Income taxes
€22k▲
2024 · €10k
Staff costs
€208k▲
2024 · €203k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€119k€178k▲
Fixed assets21/28€33k€34k▲
Tangible fixed assets22/27€31k€32k▲
Plant, machinery and equipment23€31k€29k▼
Furniture and vehicles24-€3k
Financial fixed assets28€2k€2k=
Current assets29/58€87k€144k▲
Stocks and contracts in progress3€7k€7k▼
Stocks30/36€7k€7k▼
Amounts receivable within one year40/41€14k€25k▲
Trade receivables40€7k€17k▲
Other amounts receivable41€7k€7k=
Cash at bank and in hand54/58€65k€111k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€119k€178k▲
Equity10/15€47k€43k▼
Contributions10/11€6k€6k=
Reserves13€12k€36k▲
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Distributable reserves133€2k€26k▲
Profit (loss) carried forward14€29k-
Amounts payable17/49€73k€135k▲
Amounts payable within one year42/48€73k€135k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€11k€41k▲
Suppliers440/4€11k€41k▲
Taxes, remuneration and social security45€52k€44k▼
Taxes450/3€26k€23k▼
Remuneration and social security454/9€26k€21k▼
Other amounts payable47/48€2k€50k▲
Income statement
Code20242025
Remuneration, social security and pensions62€203k€208k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€693▼
Gross operating margin9900€259k€299k▲
Operating profit (loss)9901€45k€81k▲
Financial income75/76B€228€223▼
Recurring financial income75€228€223▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€38k€73k▲
Income taxes67/77€10k€22k▲
Profit (loss) for the period9904€29k€52k▲
Profit (loss) for the period to be appropriated9905€29k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€80k▲
Profit (loss) brought forward from the previous period14P-€29k
Transfer to equity691/2-€25k
To the legal reserve6920-€25k
Profit to be distributed694/7-€56k
Return on contributions (dividend)694-€56k
The notes to these accounts (8 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €52k ▲80.6%
Operating result €81k, net result €52k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-26k ▼268%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Brussel · 1 establishment unit since 1987
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.
Kolenmarkt 321000 BrusselGround area
57 m²
Building footprint
57 m²
Volume, LiDAR
757 m³
Parcel 21004A0582/00A000, Brussels · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LE BELGICA
since 19872.029.773.993
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0582/00A000 | Brussels | 57 m² | 1 · 57 m² | 15.6 m · 5 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.029.773.993
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 4,096 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
Founded16-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.