LE RIDEAU ROUGE
ActiveSummary
LE RIDEAU ROUGE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-227k) and a net result of €36k. Equity is shrinking by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+60
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.17 in 2024; short-term debt: 43% and cash: 3.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
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
-51.9%
Return on assets
8.3%
Age of the figures
13 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 13305 sector peers (2025).
NBB · sector comparisonPosition among 13305 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 10-02-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
7 d early
2023
32 d early
2022
35 d early
2021
22 d early
2020
5 d early
2019
5 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 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close24-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-227k▲ 13.8%
2024 · €-263k
2019: €-53k
2020: €-101k
2021: €-100k
2022: €-101k
2023: €-91k
2024: €-263k
2019 → 2025
Total assets
€437k▼ 7.4%
2024 · €472k
2019: €668k
2020: €590k
2021: €602k
2022: €581k
2023: €586k
2024: €472k
2019 → 2025
Net result
€36k
2024 · €-172k
2019: €12k
2020: €-48k
2021: €932
2022: €-703
2023: €10k
2024: €-172k
2019 → 2025
Working capital
€-154k▲ 20.8%
2024 · €-194k
2019: €6k
2020: €-319
2021: €-18k
2022: €-21k
2023: €-52k
2024: €-194k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-100k-€-101k▼ 0.7%€-91k▲ 10.3%€-263k▼ 190%€-227k▲ 13.8%
Operating result€6k-€14k▲ 130%€21k▲ 46.1%€-162k€60k
Net result€932-€-703€10k€-172k€36k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €60k after a loss of €162k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€403k ▼ 6.8%
Current assets
€34k ▼ 14.0%
Key figures and ratios
EBITDA
€89k▲
2024 · €-133k
Cash flow
€66k▲
2024 · €-143k
Solvency
-51.9%▲
2024 · -55.7%
Current ratio
0.18▲
2024 · 0.17
Quick ratio
0.16▲
2024 · 0.13
Debt to equity
-2.93▼
2024 · -2.80
ROA
8.3%▲
2024 · -36.5%
Interest coverage
3.69▲
2024 · -10.31
Debt
€663k▼
2024 · €735k
Debt ≤ 1 year
€188k▼
2024 · €234k
Debt > 1 year
€471k▼
2024 · €501k
Income taxes
€1k
Staff costs
€104k▼
2024 · €112k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€472k€437k▼
Fixed assets21/28€433k€403k▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€424k€396k▼
Land and buildings22€381k€364k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€30k€22k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€694€694=
Current assets29/58€39k€34k▼
Stocks and contracts in progress3€9k€4k▼
Stocks30/36€9k€4k▼
Amounts receivable within one year40/41€6k€13k▲
Trade receivables40€6k€9k▲
Other amounts receivable41€137€4k▲
Cash at bank and in hand54/58€13k€16k▲
Deferred charges and accrued income490/1€12k-
Equity and liabilities
Total equity and liabilities10/49€472k€437k▼
Equity10/15€-263k€-227k▲
Contributions10/11€70k€70k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Profit (loss) carried forward14€-333k€-297k▲
Amounts payable17/49€735k€663k▼
Amounts payable after more than one year17€501k€471k▼
Financial debts170/4€501k€471k▼
Amounts payable within one year42/48€234k€188k▼
Current portion of amounts payable after more than one year42€36k€37k▲
Financial debts43€259-
Credit institutions430/8€259-
Trade debts44€139k€96k▼
Suppliers440/4€139k€96k▼
Advances received on contracts in progress46€11k€10k▼
Taxes, remuneration and social security45€42k€45k▲
Taxes450/3€15k€5k▼
Remuneration and social security454/9€27k€40k▲
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€112k€104k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€29k▲
Other operating charges640/8€70k€9k▼
Gross operating margin9900€50k€203k▲
Operating profit (loss)9901€-162k€60k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€13k€24k▲
Recurring financial charges65€13k€24k▲
Profit (loss) for the period before taxes9903€-172k€37k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-172k€36k▲
Profit (loss) for the period to be appropriated9905€-172k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-333k€-297k▲
Profit (loss) brought forward from the previous period14P€-161k€-333k▼
The notes to these accounts (9 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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Weakest financial yearnet €-172k ▼1745%
Net result drops to €-172k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
Financial
Back to profitnet €932
Net result €932 after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Lasne · 1 establishment unit since 2004
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.
Route de Renipont 701380 LasneGround area
1,238 m²
Building footprint
83 m²
Volume, LiDAR
873 m³
Parcel 25076B0310/02K000, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
LE RIDEAU ROUGE
since 20042.147.148.844
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076B0310/02K000 | Wallonia | 1,237 m² | 1 · 83 m² | 12.8 m · 4 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 20 entries · 128,922 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 11 | 34,215 EUR |
| 2024 | 4 | 43,282 EUR |
| 2023 | 2 | 16,425 EUR |
| 2021 | 3 | 35,000 EUR |
Budget allocations
Conventions et contrats programmes indexés dans le domaine des musiques
Aides ponctuelles dans le domaine des musiques
cellule de veille
Aides ponctuelles dans le domaine transversal
Recognitions · licences · registrations
Food safety, FASFC
1 siteLasne2.147.148.844
Similar companies · same sector, comparable size
ADAM GROUP
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COMPTOIR BIZZ
BE 0477.514.964
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WHITBY
BE 1008.177.814
Nieuwpoort · Eq €40,330
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,722 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 formPublic limited company
Founded03-08-2004
Fiscal year end31-08
Activities, NACEBEL 2025
56111Full-service restaurants
90120Visual arts creation
56301Cafés and bars
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.