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NO EXIT

Active
Private limited company·Cafés en bars· 14 yrs active
Italiëlei 123 ·2000 Antwerpen, Belgium
KBO/BCE: BE 0846.679.841
Watch Print / PDF
Age14 yrs
Real estate1 parcel · 82 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of NO EXIT is 5.6% (elevated). The 2023 annual accounts show negative equity (€-58k) and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 479 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
5.6% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 379 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-11-2024, 113 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 21-11-2024 113 d late 2024-00602582
31-12-2022 31-07-2023 06-12-2023 128 d late 2023-00525447
31-12-2021 31-07-2022 23-08-2022 23 d late 2022-20305198
31-12-2020 31-07-2021 16-07-2021 15 d early 2021-36800247
31-12-2019 31-07-2020 25-06-2020 36 d early 2020-21000135
31-12-2018 31-07-2019 30-08-2019 30 d late 2019-57100383
31-12-2017 31-07-2018 31-07-2018 on the day 2018-41000559
31-12-2016 31-07-2017 31-08-2017 31 d late 2017-55900312
31-12-2015 31-07-2016 31-08-2016 31 d late 2016-57200535
31-12-2014 31-07-2015 12-06-2015 49 d early 2015-17400373

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-23k+27.4%
Working capital€-59k-58.8%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 21-11-2024 with the NBB · fiscal year 2023 · verkort
€-60k€-40k€-20k€0€20k€40kOperating result 2019: €-44k€-44kNet result 2019: €-26k€-26kOperating result 2020: €30k€30kNet result 2020: €4k€4kOperating result 2021: €-15k€-15kNet result 2021: €-16k€-16kOperating result 2022: €-30k€-30kNet result 2022: €-31k€-31kOperating result 2023: €-22k€-22kNet result 2023: €-23k€-23k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~49% of the level (threshold 35%). We therefore deliberately show no projection line.
€-75k€-50k€-25k€0€25k2018: €28k2019: €-18k2020: €12k2021: €-4k2022: €-36k2023: €-58k201820192020202120222023
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).

Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency -5273.4% 16.7%
better than 5% of 479 sector peers
Net result €-23k €9k
better than 23% of 476 sector peers
Equity €-58k €42k
better than 15% of 479 sector peers
Gross operating margin €-13k €222k
better than 5% of 472 sector peers
Total assets €1k €324k
better than 5% of 479 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P5
2020: P68 · n=2372021: P14 · n=2972022: P5 · n=4342023: P5 · n=4792020 2023
Weakening position over 2020-2023 · n=237-479
Net result P23
2020: P75 · n=2372021: P22 · n=2972022: P23 · n=4312023: P23 · n=4762020 2023
Weakening position over 2020-2023 · n=237-476
Equity P15
2020: P41 · n=2382021: P27 · n=2972022: P20 · n=4342023: P15 · n=4792020 2023
Weakening position over 2020-2023 · n=238-479
Gross operating margin P5
2020: P25 · n=2342021: P5 · n=2952022: P5 · n=4282023: P5 · n=4722020 2023
Stable position over 2020-2023 · n=234-472
Describes the position versus peers, not a forecast.
EBITDA
€-21k
+28.6% 18-23
Net profit
€-23k
+27.4% 18-23
Cash flow
€-22k
+27.4% 18-23
Total assets
€1k
-46.2% 18-23
Equity
€-58k
-64.1% 18-23
Working capital
€-59k
-58.8% 18-23
Income taxes
€4k
- 18-23
Debt
€59k
+58.1% 18-23
Debt ≤ 1y
€59k
+58.1% 18-23
Debt > 1y
€4k
-48.8% 18-23
Current ratio
0.01
-32.4% 18-23
Quick ratio
0.01
-32.4% 18-23
Solvency
-5273.4%
-205.1% 18-23
Debt / equity
-1.02
+3.7% 18-23
ROE
39.1%
-55.7% 18-23
ROA
-2059.6%
-35.1% 18-23
Interest coverage
-16.94
+31.1% 18-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA€-21k
Net profit€-23k
Cash flow€-22k
Staff costs-
Income taxes-
Dividends-
Total assets€1k
Equity€-58k
Debt€59k
of which ≤ 1y€59k
of which > 1y-
Working capital€-59k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.01
Quick ratio0.01
Working capital ratio-5323.7%
Solvency-5273.4%
Debt / equity-1.02
Long-term debt ratio-
Interest coverage-16.94
Gross margin-
Net margin-
ROA-2059.6%
ROE39.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1k
Fixed assets 21/28€556
Intangible fixed assets 21€250
Tangible fixed assets 22/27€306
Current assets 29/58€549
Cash & bank 54/58€549
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1k
Equity 10/15€-58k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€-66k
Amounts payable 17/49€59k
Amounts payable within one year 42/48€59k
Trade debts payable within one year 44€636
Income statement
Gross operating margin 9900€-13k
Operating result 9901€-22k
Financial income 75€2
Financial charges 65€1k
Result before taxes 9903€-23k
Net result for the period 9904€-23k
Result to be appropriated 9905€-23k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
15 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Italiëlei 1232000 Antwerpen

Establishment units

1 location
Italiëlei 123, 2000 Antwerpen
Cafés en bars
since 20122.210.459.259
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area82 m²
Buildings1
Building footprint82 m²
Volume (LiDAR)1,252 m³
Tallest building24.5 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11807G1295/00T000 Flanders 82 m² 1 · 82 m² 24.5 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts
All acts · 1 updated 2 years ago
2024
25-01-2024 Publication in the Belgian Official Gazette, Minor change Minor change·Emmanuel Van Roosbroeck
Summary: Statutes changeNotary: Emmanuel Van Roosbroeck · Antwerpen

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability100Solvency33Growth32Stability100
56 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 100
Solvency 33
Growth 32
Stability 100

Ask AI about this company

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AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,340 of the 13,888 companies in this sector. 1,101 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Cafés en bars56301Cafés en bars56301Reparatie van machines33120Reparatie en onderhoud van machines33120Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390
Primary activity highlighted.
Names & trade names
Legal nameNL NO EXIT
Registered office
Italiëlei 123 bus 1
2000 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.