RESTAURANT LE CORTINA
ActiveSummary
The computed 12-month bankruptcy probability of RESTAURANT LE CORTINA is 1.5% (moderate). The 2024 annual accounts show equity of €112k and a net result of €-37k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 18941 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▼-15
Solvency68▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.56 against 2.03 in 2023; short-term debt: 57.3% and cash: 24.6% of total assets), but 57.3% 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.
−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 2024Solvency, return and age of the figures
Solvency
42.7%
Return on assets
-14%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-37k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
58 d late
2022
22 d late
2021
82 d late
2020
143 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€112k▼ 24.7%
2023 · €148k
2018: €69k
2019: €89k
2020: €83k
2021: €133k
2022: €163k
2023: €148k
2018 → 2024
Total assets
€262k▼ 0.8%
2023 · €264k
2018: €80k
2019: €108k
2020: €122k
2021: €191k
2022: €258k
2023: €264k
2018 → 2024
Net result
€-37k▼ 154%
2023 · €-14k
2018: €15k
2019: €20k
2020: €-6k
2021: €50k
2022: €30k
2023: €-14k
2018 → 2024
Working capital
€84k▼ 29.4%
2023 · €119k
2018: €45k
2019: €57k
2020: €55k
2021: €99k
2022: €132k
2023: €119k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€83k-€133k▲ 60.7%€163k▲ 22.6%€148k▼ 8.9%€112k▼ 24.7%
Operating result€-5k-€60k€44k▼ 26.1%€-3k€-30k▼ 808%
Net result€-6k-€50k€30k▼ 40.2%€-14k€-37k▼ 154%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2024 against €3k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262k
Fixed assets
€28k ▼ 5.6%
Current assets
€234k ▼ 0.2%
Equity and liabilities €262k
Equity
€112k ▼ 24.7%
Debt
€150k ▲ 29.8%
Debt's share of the balance-sheet total rises from 43.8% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2023 · €7k
Cash flow
€-27k▼
2023 · €-4k
Current ratio
1.56▼
2023 · 2.03
Quick ratio
1.26▼
2023 · 1.64
Debt to equity
1.34▲
2023 · 0.78
ROE
-32.8%▼
2023 · -9.7%
ROA
-14.0%▼
2023 · -5.5%
Interest coverage
-3.34▼
2023 · 0.54
Debt ≤ 1 year
€150k▲
2023 · €115k
Income taxes
€36▲
2023 · €-953
Staff costs
€503k▲
2023 · €375k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€264k€262k▼
Fixed assets21/28€30k€28k▼
Tangible fixed assets22/27€29k€27k▼
Plant, machinery and equipment23€17k€18k▲
Furniture and vehicles24€567€245▼
Other tangible fixed assets26€11k€9k▼
Financial fixed assets28€740€740=
Current assets29/58€234k€234k▼
Stocks and contracts in progress3€45k€45k=
Stocks30/36€45k€45k=
Amounts receivable within one year40/41€106k€124k▲
Trade receivables40€477-
Other amounts receivable41€106k€124k▲
Cash at bank and in hand54/58€81k€64k▼
Deferred charges and accrued income490/1€1k€62▼
Equity and liabilities
Total equity and liabilities10/49€264k€262k▼
Equity10/15€148k€112k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€128k€91k▼
Amounts payable17/49€115k€150k▲
Amounts payable within one year42/48€115k€150k▲
Trade debts44€8k€13k▲
Suppliers440/4€8k€13k▲
Taxes, remuneration and social security45€96k€113k▲
Taxes450/3€47k€27k▼
Remuneration and social security454/9€49k€85k▲
Other amounts payable47/48€11k€24k▲
Income statement
Code20232024
Remuneration, social security and pensions62€375k€503k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€4k€3k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€388k€485k▲
Operating profit (loss)9901€-3k€-30k▼
Financial income75/76B€236€28▼
Recurring financial income75€236€28▼
Financial charges65/66B€12k€6k▼
Recurring financial charges65€12k€6k▼
Profit (loss) for the period before taxes9903€-15k€-37k▼
Income taxes67/77€-953€36▲
Profit (loss) for the period9904€-14k€-37k▼
Profit (loss) for the period to be appropriated9905€-14k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€91k▼
Profit (loss) brought forward from the previous period14P€142k€128k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Equity above €150kEq €163k ▲22.6%
2 profitable years in a row build equity to €163k.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €100kEq €133k ▲60.7%
Equity rises from €83k to €133k.
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 143 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
04-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Huy · 1 establishment unit since 1986
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.
Plaine de la Sarte 154500 HuyGround area
270 m²
Building footprint
462 m²
Volume, LiDAR
3,545 m³
Parcel 61031B1052/03_000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Plaine de la Sarte 15, 4500 Huy
since 19862.033.896.295
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B1052/03_000 | Wallonia | 270 m² | 1 · 461 m² | 11.2 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 siteHuy2.033.896.295
Similar companies · same sector, comparable size
RAC BENELUX
BE 0680.980.679
Brussel · Eq €111,741
VU TRUNG
BE 0665.745.147
Brussel · Eq €111,673
LES FABLES DU LIBAN
BE 0778.679.079
Liège · Eq €111,645
BG MAGNI
BE 0554.675.791
Rendeux · Eq €111,640
BUDDHA DARSHAN
BE 0830.323.166
Gent · Eq €111,631
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,442 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
Founded01-12-1986
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.