Le Relais
Le Relais has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €580k and a net result of €59k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 78% of 1774 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €580k |
| Net result | €59k |
| Staff (FTE) | 17.4 |
| Better than sector | 78% |
Strong profile, led by health.
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 | 52.9% | 23.9% | |
| Net result | €59k | €11k | |
| Equity | €580k | €69k | |
| Gross operating margin | €961k | €303k | |
| Staff costs | €735k | €318k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €217k | €111k | €124k | €357k |
| Net profit | €59k | €-31k | €-35k | €163k |
| Cash flow | €182k | €101k | €98k | €288k |
| Staff costs | €735k | €1.03M | €870k | €522k |
| Income taxes | €21k | €1k | €2k | €58k |
| Dividends | - | - | - | - |
| Total assets | €1.10M | €1.05M | €1.13M | €1.17M |
| Equity | €580k | €520k | €551k | €586k |
| Debt | €517k | €530k | €575k | €587k |
| of which ≤ 1y | €282k | €280k | €262k | €212k |
| of which > 1y | €234k | €250k | €313k | €375k |
| Working capital | €179k | €110k | €90k | €246k |
| Employees (FTE) | 17.4 | 21.5 | 20.2 | 15.7 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.63 | 1.39 | 1.34 | 2.16 |
| Quick ratio | 1.51 | 1.27 | 1.13 | 1.89 |
| Working capital ratio | 16.3% | 10.5% | 8.0% | 21.0% |
| Solvency | 52.9% | 49.5% | 48.9% | 50.0% |
| Debt / equity | 0.89 | 1.02 | 1.04 | 1.00 |
| Long-term debt ratio | 0.40 | 0.48 | 0.57 | 0.64 |
| Interest coverage | 14.78 | 12.79 | 4.89 | 31.00 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 5.4% | -2.9% | -3.1% | 13.9% |
| ROE | 10.3% | -5.9% | -6.4% | 27.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.10M | €1.05M | €1.13M | €1.17M |
| Fixed assets | 21/28 | €635k | €660k | €774k | €715k |
| Intangible fixed assets | 21 | - | €447 | €981 | €2k |
| Tangible fixed assets | 22/27 | €635k | €660k | €773k | €714k |
| Current assets | 29/58 | €461k | €390k | €352k | €458k |
| Stocks & contracts in progress | 3 | €36k | €35k | €56k | €58k |
| Amounts receivable within one year | 40/41 | €145k | €105k | €126k | €55k |
| Cash & bank | 54/58 | €265k | €238k | €160k | €338k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.10M | €1.05M | €1.13M | €1.17M |
| Equity | 10/15 | €580k | €520k | €551k | €586k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k |
| Reserves | 13 | €560k | €500k | €531k | €566k |
| Amounts payable | 17/49 | €517k | €530k | €575k | €587k |
| Amounts payable after one year | 17 | €234k | €250k | €313k | €375k |
| Amounts payable within one year | 42/48 | €282k | €280k | €262k | €212k |
| Trade debts payable within one year | 44 | €61k | €36k | €44k | €48k |
| Income statement | |||||
| Gross operating margin | 9900 | €961k | €1.15M | €1.00M | €888k |
| Operating result | 9901 | €94k | €-21k | €-10k | €232k |
| Financial income | 75 | €545 | €468 | €1k | €47 |
| Financial charges | 65 | €15k | €9k | €25k | €12k |
| Result before taxes | 9903 | €80k | €-30k | €-34k | €221k |
| Income taxes | 67/77 | €21k | €1k | €2k | €58k |
| Net result for the period | 9904 | €59k | €-31k | €-35k | €163k |
| Result to be appropriated | 9905 | €59k | €-31k | €-35k | €163k |
-
NEW RELAISLegal entityDirector· perm. rep.: Arnaud MunautState Gazette act 24141680 (02-10-2024)Current02-10-2024 → present
Former directors (2)
-
Marc MUNAUTDirectorState Gazette act 24141680 (02-10-2024)Former- → 06-06-2024
2 events
- 06-06-2024 Resigned· Director
- 13-12-2023 Resigned· Director
-
Pascale GILSONDirectorState Gazette act 23456177 (13-12-2023)Former- → 13-12-2023
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 27-04-1988 |
| Status | Active |
| Postal code | 6820 |
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.
02-10-2024 3 directors appointed, 2 resigning correction
- NEW RELAIS, Bestuurder
- Arnaud Munaut, Bestuurder
- Pascale Gilson, Dagselijks bestuur
- Marc Munaut, Bestuurder
- Marc Munaut, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc Munaut",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": "rectification",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-06-06",
"evidence_quote": "Pour autant que besoin, l\u0027assembl\u00E9e g\u00E9n\u00E9rale confirme la d\u00E9mission de Monsieur Marc Munaut en sa qualit\u00E9 d\u0027administrateur de la soci\u00E9t\u00E9, avec effet r\u00E9troactif au 6 juin 2024",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "retroactive"
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc Munaut",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": "rectification",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-06-06",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de donner d\u00E9charge \u00E0 l\u0027administrateur d\u00E9missionnaire pour l\u0027ex\u00E9cution de son mandat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "retroactive"
},
{
"kind": "director_in",
"role": "administrateur",
"person": null,
"reason": null,
"subkind": "confirmation",
"via_org": {
"kbo": null,
"name": "NEW RELAIS",
"address": null,
"country": null,
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assemble g\u00E9n\u00E9rale d\u00E9cide de confirmer la nomination de la SRL \u00AB NEW RELAIS \u00BB en qualit\u00E9 d\u0027administrateur de la soci\u00E9t\u00E9 pour une dur\u00E9e illimit\u00E9e, repr\u00E9sent\u00E9e par son repr\u00E9sentant permanant, Monsieur Arnaud Munaut.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc Munaut",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de donner d\u00E9charge \u00E0 l\u0027administrateur d\u00E9missionnaire pour l\u0027ex\u00E9cution de son mandat.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Arnaud Munaut",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": null,
"name": "NEW RELAIS",
"address": null,
"country": null,
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assemble g\u00E9n\u00E9rale d\u00E9cide de confirmer la nomination de la SRL \u00AB NEW RELAIS \u00BB en qualit\u00E9 d\u0027administrateur de la soci\u00E9t\u00E9 pour une dur\u00E9e illimit\u00E9e, repr\u00E9sent\u00E9e par son repr\u00E9sentant permanant, Monsieur Arnaud Munaut.",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagselijks_bestuur",
"person": {
"rrn": null,
"name": "Pascale Gilson",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e mandate Madame Pascale Gilson pour effectuer les formalit\u00E9s de publication.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-10-02",
"filing_date": "2024-06-06",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-07-15",
"unanimous": true
}
],
"is_correction": true,
"subject_company": {
"kbo": "0435.021.937",
"name_full": null,
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Pascale Gilson",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": "24141680"
}13-12-2023 2 resigning, 2 reappointed
- Marc MUNAUT, Bestuurder
- Pascale GILSON, Bestuurder
- Marc MUNAUT, Bestuurder
- Pascale GILSON, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc MUNAUT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction d\u2019administrateur et administrateur d\u00E9l\u00E9gu\u00E9 et repr\u00E9sentant permanent actuel, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : 1/ Monsieur Marc MUNAUT",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pascale GILSON",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction d\u2019administrateur et administrateur d\u00E9l\u00E9gu\u00E9 et repr\u00E9sentant permanent actuel, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : 1/ Monsieur Marc MUNAUT",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_renew",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc MUNAUT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction d\u2019administrateur et administrateur d\u00E9l\u00E9gu\u00E9 et repr\u00E9sentant permanent actuel, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : 1/ Monsieur Marc MUNAUT",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_renew",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pascale GILSON",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction d\u2019administrateur et administrateur d\u00E9l\u00E9gu\u00E9 et repr\u00E9sentant permanent actuel, mentionn\u00E9s ci-apr\u00E8s, et proc\u00E8de imm\u00E9diatement au renouvellement de sa nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e : 1/ Monsieur Marc MUNAUT",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_pending",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Marc MUNAUT",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge aux administrateurs d\u00E9missionnaires pour l\u2019ex\u00E9cution de leur mandat.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_pending",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Pascale GILSON",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge aux administrateurs d\u00E9missionnaires pour l\u2019ex\u00E9cution de leur mandat.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Christophe VAZQUEZ JACQUES",
"firm_city": null,
"firm_name": null,
"office_city": "Florenville",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2023-12-13",
"filing_date": "2023-12-11",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-07",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0435.021.937",
"name_full": "Le Relais",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameFR | Le Relais |