The Drifter
Open bankruptcyA bankruptcy procedure is open for The Drifter according to publications in the Belgian State Gazette; curator: TIM DE MOERLOOSE.
Summary
The file additionally contains 2 judicial reorganisations. The 2024 annual accounts show negative equity (€-75k) and a net result of €-35k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year €-75k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-75k▼ 88.0%
2023 · €-40k
2023: €-40k
2023 → 2024
Total assets
€152k▼ 13.3%
2023 · €175k
2023: €175k
2023 → 2024
Net result
€-35k▲ 21.8%
2023 · €-45k
2023: €-45k
2023 → 2024
Working capital
€-108k▼ 52.4%
2023 · €-71k
2023: €-71k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€-40k-€-75k▼ 88.0%
Operating result€-39k-€-29k▲ 25.7%
Net result€-45k-€-35k▲ 21.8%
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 €29k in 2024 against €39k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €152k
Fixed assets
€134k ▼ 12.3%
Current assets
€18k ▼ 20.7%
Key figures and ratios
EBITDA
€-8k▲
2023 · €-27k
Cash flow
€-14k▲
2023 · €-33k
Solvency
-49.1%▼
2023 · -22.6%
Current ratio
0.14▼
2023 · 0.24
Quick ratio
0.01▼
2023 · 0.03
Debt to equity
-3.04▲
2023 · -5.42
ROA
-23.0%▲
2023 · -25.5%
Interest coverage
-1.34▲
2023 · -4.41
Debt
€227k▲
2023 · €215k
Debt ≤ 1 year
€126k▲
2023 · €93k
Debt > 1 year
€101k▼
2023 · €122k
Income taxes
€56
Staff costs
€60k▼
2023 · €61k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€175k€152k▼
Fixed assets21/28€153k€134k▼
Intangible fixed assets21€92k€82k▼
Tangible fixed assets22/27€58k€49k▼
Land and buildings22€23k€21k▼
Plant, machinery and equipment23€30k€24k▼
Furniture and vehicles24€5k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€22k€18k▼
Stocks and contracts in progress3€20k€16k▼
Stocks30/36€20k€16k▼
Amounts receivable within one year40/41€2k€1k▼
Trade receivables40€2k€741▼
Other amounts receivable41€438€668▲
Cash at bank and in hand54/58€489€14▼
Equity and liabilities
Total equity and liabilities10/49€175k€152k▼
Equity10/15€-40k€-75k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-45k€-80k▼
Amounts payable17/49€215k€227k▲
Amounts payable after more than one year17€122k€101k▼
Financial debts170/4€122k€101k▼
Amounts payable within one year42/48€93k€126k▲
Current portion of amounts payable after more than one year42€23k€36k▲
Trade debts44€30k€60k▲
Suppliers440/4€30k€60k▲
Taxes, remuneration and social security45€19k€26k▲
Taxes450/3€19k€26k▲
Other amounts payable47/48€22k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62€61k€60k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€20k▲
Other operating charges640/8€834€6k▲
Gross operating margin9900€36k€58k▲
Operating profit (loss)9901€-39k€-29k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€-45k€-35k▲
Income taxes67/77-€56
Profit (loss) for the period9904€-45k€-35k▲
Profit (loss) for the period to be appropriated9905€-45k€-35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-80k▼
Profit (loss) brought forward from the previous period14P-€-45k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · THE DRIFTER BV STEENDAM 53, 9000 GENT · event 15-09-2026
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
10-06
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · 20250002 · event 03-06-2025
18-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 11-03-2025
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2023
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.
Steendam 539000 GentGround area
229 m²
Building footprint
177 m²
Volume, LiDAR
1,305 m³
Parcel 44802B0779/00_000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
The Drifter
since 20232.342.825.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B0779/00_000 | Flanders | 229 m² | 1 · 177 m² | 11.8 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TIM DE MOERLOOSE LEIEKAAI 25 C-D, 9000 GENT- |
15-09-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.342.825.063
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
11010Manufacture of beverages
11070Manufacture of beverages
47251Retail sale of wines and spirits
56220Contract catering and other food service activities
82300Organisation of conventions and trade shows
85593Socio-cultural adult education
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.