Le Neutral
ActiveSummary
The computed 12-month bankruptcy probability of Le Neutral is 6.7% (elevated). The 2025 annual accounts show equity of €15k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 3674 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-74
Solvency32▼-25
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.04 against 1.38 in 2024; short-term debt: 93% and cash: 55.9% of total assets), and 93% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
7%
Return on assets
-1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 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 · 7 filingsDeviation from the deadline
2025
23 d late
2024
30 d late
2023
30 d late
2022
60 d late
2021
50 d early
2020
121 d late
2019
89 d late
← 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, abbreviated schema
Equity
€15k▼ 65.3%
2024 · €42k
2019: €16k
2020: €-2k
2021: €-3k
2022: €19k
2023: €18k
2024: €42k
2019 → 2025
Total assets
€209k▲ 58.0%
2024 · €132k
2019: €25k
2020: €7k
2022: €92k
2023: €137k
2024: €132k
2019 → 2025
Net result
€-3k
2024 · €54k
2019: €3k
2020: €-18k
2021: €-303
2022: €22k
2023: €29k
2024: €54k
2019 → 2025
Working capital
€8k▼ 77.8%
2024 · €34k
2019: €16k
2020: €-837
2022: €6k
2023: €7k
2024: €34k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€19k€18k▼ 5.8%€42k▲ 136%€15k▼ 65.3%
Operating result€-235-€35k€49k▲ 39.0%€81k▲ 64.0%€12k▼ 85.5%
Net result€-303-€22k€29k▲ 33.8%€54k▲ 88.2%€-3k
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 falls in 2025; 2025 is 86% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209k
Fixed assets
€7k ▼ 12.1%
Current assets
€202k ▲ 62.6%
Equity and liabilities €209k
Equity
€15k ▼ 65.3%
Debt
€194k ▲ 116%
Debt's share of the balance-sheet total rises from 68.0% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €83k
Cash flow
€604▼
2024 · €57k
Current ratio
1.04▼
2024 · 1.38
Quick ratio
1.01▼
2024 · 1.36
Debt to equity
13.21▲
2024 · 2.12
ROE
-17.7%▼
2024 · 128.6%
ROA
-1.2%▼
2024 · 41.2%
Interest coverage
1.09▼
2024 · 17.67
Debt ≤ 1 year
€194k▲
2024 · €90k
Income taxes
€675▼
2024 · €22k
Staff costs
€601k▲
2024 · €369k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€132k€209k▲
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€8k€7k▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€250€250=
Current assets29/58€124k€202k▲
Stocks and contracts in progress3€2k€6k▲
Stocks30/36€2k€6k▲
Amounts receivable within one year40/41€25k€78k▲
Trade receivables40€6k-
Other amounts receivable41€19k€78k▲
Cash at bank and in hand54/58€88k€117k▲
Deferred charges and accrued income490/1€9k€1k▼
Equity and liabilities
Total equity and liabilities10/49€132k€209k▲
Equity10/15€42k€15k▼
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€28k€432▼
Amounts payable17/49€90k€194k▲
Amounts payable within one year42/48€90k€194k▲
Financial debts43-€13
Credit institutions430/8-€13
Trade debts44€18k€16k▼
Suppliers440/4€18k€16k▼
Taxes, remuneration and social security45€72k€161k▲
Taxes450/3€21k€62k▲
Remuneration and social security454/9€51k€99k▲
Other amounts payable47/48-€18k
Income statement
Code20242025
Remuneration, social security and pensions62€369k€601k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€11k€6k▼
Gross operating margin9900€464k€622k▲
Operating profit (loss)9901€81k€12k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€5k€14k▲
Recurring financial charges65€5k€14k▲
Profit (loss) for the period before taxes9903€76k€-2k▼
Income taxes67/77€22k€675▼
Profit (loss) for the period9904€54k€-3k▼
Profit (loss) for the period to be appropriated9905€54k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€25k▼
Profit (loss) brought forward from the previous period14P€4k€28k▲
Profit to be distributed694/7€30k€25k▼
Return on contributions (dividend)694€30k€25k▼
The notes to these accounts (5 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
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Highest result since 2019net €54k ▲88.2%
Operating result €81k, net result €54k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Weakest financial yearnet €-18k ▼658%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 2021
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.
Circusstraat 71000 BrusselGround area
115 m²
Building footprint
91 m²
Volume, LiDAR
849 m³
Parcel 21812N0875/00G000, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
L'Empire
since 20212.323.970.738
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N0875/00G000 | Brussels | 115 m² | 1 · 91 m² | 12.8 m · 3 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 siteBrussel2.323.970.738
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DECAP
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Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,833 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
Founded30-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56302Nightclubs
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.