THE LADS
ActiveThe computed 12-month bankruptcy probability of THE LADS is 2.7% (moderate). The 2025 annual accounts show equity of €80k and a net result of €75k. Equity is growing by ~88.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 13090 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+3
Solvency48▼-47
Growth78=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 3.13 in 2024; short-term debt: 77.1% and cash: 14% of total assets), and 77.1% 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.9%
Return on assets
21.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
68 d late
2023
60 d late
2022
182 d late
2021
104 d late
2020
104 d late
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▼ 61.0%
2024 · €205k
2018: €46
2019: €11k
2020: €23k
2021: €47k
2022: €115k
2023: €149k
2024: €205k
2018 → 2025
Total assets
€349k▲ 18.8%
2024 · €294k
2018: €11k
2019: €22k
2020: €34k
2021: €97k
2022: €250k
2023: €256k
2024: €294k
2018 → 2025
Net result
€75k▲ 33.8%
2024 · €56k
2018: €765
2019: €11k
2020: €13k
2021: €23k
2022: €68k
2023: €34k
2024: €56k
2018 → 2025
Working capital
€34k▼ 82.2%
2024 · €189k
2018: €1k
2019: €10k
2020: €22k
2021: €12k
2022: €83k
2023: €116k
2024: €189k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€115k▲ 146%€149k▲ 30.0%€205k▲ 37.6%€80k▼ 61.0%
Operating result€31k-€89k▲ 186%€45k▼ 49.3%€79k▲ 76.4%€98k▲ 23.2%
Net result€23k-€68k▲ 193%€34k▼ 49.4%€56k▲ 63.1%€75k▲ 33.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €349k
Fixed assets
€46k▲ 193%
Current assets
€303k▲ 8.9%
Equity and liabilities €349k
Equity
€80k▼ 61.0%
Debt
€269k▲ 202%
The debt ratio rises from 30.3% to 77.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€103k▲
2024 · €85k
Cash flow
€80k▲
2024 · €62k
Solvency
22.9%▼
2024 · 69.7%
Current ratio
1.13▼
2024 · 3.13
Quick ratio
1.08▼
2024 · 2.99
Debt / equity
3.37▲
2024 · 0.43
ROE
93.8%▲
2024 · 27.3%
ROA
21.5%▲
2024 · 19.1%
Interest coverage
98.02▲
2024 · 21.84
Debt
€269k▲
2024 · €89k
Debt ≤ 1 year
€269k▲
2024 · €89k
Income taxes
€22k▼
2024 · €24k
Staff costs
€21k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€294k€349k▲
Fixed assets21/28€16k€46k▲
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€12k€38k▲
Land and buildings22-€35k
Furniture and vehicles24€12k€3k▼
Financial fixed assets28€800€6k▲
Current assets29/58€278k€303k▲
Amounts receivable after more than one year29€35k-
Trade receivables290€35k-
Stocks and contracts in progress3€12k€12k▲
Stocks30/36€12k€12k▲
Amounts receivable within one year40/41€193k€240k▲
Trade receivables40€86k€48k▼
Other amounts receivable41€108k€193k▲
Cash at bank and in hand54/58€37k€49k▲
Deferred charges and accrued income490/1€150€1k▲
Equity and liabilities
Total equity and liabilities10/49€294k€349k▲
Equity10/15€205k€80k▼
Contributions10/11€8k€8k=
Reserves13€103k-
Distributable reserves133€103k-
Profit (loss) carried forward14€94k€72k▼
Amounts payable17/49€89k€269k▲
Amounts payable within one year42/48€89k€269k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€43k€35k▼
Suppliers440/4€43k€35k▼
Taxes, remuneration and social security45€46k€29k▼
Taxes450/3€42k€29k▼
Remuneration and social security454/9€3k€212▼
Other amounts payable47/48-€200k
Income statement
Code20242025
Remuneration, social security and pensions62€40k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€127k€133k▲
Operating profit (loss)9901€79k€98k▲
Financial income75/76B€4k€33▼
Recurring financial income75€4k€33▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€80k€97k▲
Income taxes67/77€24k€22k▼
Profit (loss) for the period9904€56k€75k▲
Profit (loss) for the period to be appropriated9905€56k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€169k▲
Profit (loss) brought forward from the previous period14P€38k€94k▲
Transfer from equity791/2-€103k
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
The notes to these accounts (12 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €75k ▲33.8%
Operating result €98k, net result €75k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Equity above €200kEq €205k ▲37.6%
7 profitable years in a row build equity to €205k.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 182 days late
2022
31-12
Financial
Equity above €100kEq €115k ▲146%
5 profitable years in a row build equity to €115k.
12-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 104 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 104 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
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.
Vier-Windenstraat 1091080 Sint-Jans-MolenbeekGround area
49 m²
Building footprint
49 m²
Volume, LiDAR
562 m³
Parcel 21523B0786/00H007, Brussels · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BoxBird
since 20162.257.215.734
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0786/00H007 | Brussels | 49 m² | 1 · 49 m² | 16.5 m · 5 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 siteSint-Jans-Molenbeek2.257.215.734
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 8,048 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.