LE GRAND PALACE
ActiveThe computed 12-month bankruptcy probability of LE GRAND PALACE is 6.4% (elevated). The 2024 annual accounts show equity of €35k and a net result of €5k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 18942 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 6.53 against 2.71 in 2023; short-term debt: 10.2% and cash: 4.7% of total assets), and 10.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
89.8%
Return on assets
11.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
43 d late
2022
42 d early
2021
26 d late
2020
69 d late
2019
74 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€35k▲ 15.2%
2023 · €30k
2019: €-3k
2020: €-5k
2021: €20k
2022: €21k
2023: €30k
2019 → 2024
Total assets
€39k▲ 0.2%
2023 · €39k
2019: €5k
2020: €4k
2021: €69k
2022: €34k
2023: €39k
2019 → 2024
Net result
€5k▼ 49.1%
2023 · €9k
2019: €-4k
2020: €-2k
2021: €26k
2022: €727
2023: €9k
2019 → 2024
Working capital
€22k▲ 51.0%
2023 · €14k
2019: €-4k
2020: €-6k
2021: €-3k
2022: €2k
2023: €14k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-5k-€20k€21k▲ 3.5%€30k▲ 42.7%€35k▲ 15.2%
Operating result€-1k-€26k€1k▼ 94.4%€10k▲ 599%€6k▼ 41.6%
Net result€-2k-€26k€727▼ 97.2%€9k▲ 1,146%€5k▼ 49.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€13k▼ 17.6%
Current assets
€26k▲ 12.5%
Equity and liabilities €39k
Equity
€35k▲ 15.2%
Debt
€4k▼ 53.4%
The debt ratio falls from 21.9% to 10.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €15k
Cash flow
€9k▼
2023 · €13k
Solvency
89.8%▲
2023 · 78.1%
Current ratio
6.53▲
2023 · 2.71
Quick ratio
5.65▲
2023 · 2.26
Debt / equity
0.11▼
2023 · 0.28
ROE
13.2%▼
2023 · 29.9%
ROA
11.9%▼
2023 · 23.4%
Interest coverage
60.79▲
2023 · 48.56
Debt
€4k▼
2023 · €8k
Debt ≤ 1 year
€4k▼
2023 · €8k
Income taxes
€1k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€39k€39k▲
Fixed assets21/28€16k€13k▼
Tangible fixed assets22/27€16k€13k▼
Plant, machinery and equipment23€820€356▼
Furniture and vehicles24€748€2k▲
Other tangible fixed assets26€14k€11k▼
Current assets29/58€23k€26k▲
Stocks and contracts in progress3€4k€4k▼
Stocks30/36€4k€4k▼
Amounts receivable within one year40/41€11k€20k▲
Trade receivables40€11k€20k▲
Cash at bank and in hand54/58€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€39k€39k▲
Equity10/15€30k€35k▲
Contributions10/11€100€100=
Capital10-€100
Issued capital100-€100
Outside capital11€100-
Other1109/19€100-
Profit (loss) carried forward14€30k€35k▲
Amounts payable17/49€8k€4k▼
Amounts payable within one year42/48€8k€4k▼
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€1k€4k▲
Taxes450/3€1k€4k▲
Other amounts payable47/48€6k€5▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€4k€9k▲
Gross operating margin9900€18k€20k▲
Operating profit (loss)9901€10k€6k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€305€179▼
Recurring financial charges65€305€179▼
Profit (loss) for the period before taxes9903€10k€6k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€9k€5k▼
Profit (loss) for the period to be appropriated9905€9k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€35k▲
Profit (loss) brought forward from the previous period14P€21k€30k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.53
Current ratio from 2.71 to 6.53; short-term debt falls from €8k to €4k.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.71
Current ratio from 1.18 to 2.71; short-term debt falls from €13k to €8k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
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, Schaarbeek · 1 establishment unit since 2019
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.
Generaal Eenensstraat 491030 SchaarbeekGround area
132 m²
Building footprint
100 m²
Volume, LiDAR
1,228 m³
Parcel 21910A0400/00X000, Brussels · tallest building 15.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LE GRAND PALACE
since 20192.289.391.030
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910A0400/00X000 | Brussels | 132 m² | 1 · 100 m² | 15.3 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 siteSchaarbeek2.289.391.030
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2019
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:legrandpalace1030@gmail.com
Phone:+32460963534
Phone:+32499528173