Financials
- Financial year
- 2024
- Total assets
- €84,709
- Profit
- €163,706
- Solvency
- -140.9%
Total assets▼ 13.8%
Net result
20182024
Belga & Co Solvay
ActiveThe file of Belga & Co Solvay contains 2 judicial reorganisation notices, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is at least 25% (high). The 2024 annual accounts show negative equity (-€119,354) and a net result of €163,706. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 9% of 18,734 sector peers (NACE 56, financial year 2024).
Overview
Activity
Cafés and bars
NACE 56301
1 site
Size
€84,709total assets 2024
- Equity
- -€119,354
- Profit
- €163,706
Turnover not published (abbreviated or micro format)
Structure
- LapithenDirector · permanent representative Loic Installé
Accounts 73 days overdue1 of 8 deeds read
Why 6raises riskReorganisation plan being carried out (approved, Gazette 13-02-2025)1 financial year not filed after the legal deadline; latest accounts 328 days late; 2 of the last 3 late1 change of registered office in 24 monthsFigures for financial year 2024 (filed 25-06-2026)Show the evidence
Checked score
Score 2024
6
/ 100
Critical
Probability in this band: over 15.0%
Financially better than 47% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
0=
equity -140.9% of total assets
Liquidity
2+1
short-term debt 239.1% · cash 1.3%
Profitability
100+80
return on assets 193.3%
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 2 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: ≥ 25%
04-2025: ≥ 25%● unchanged vs 03-2025
05-2025: ≥ 25%● unchanged vs 04-2025
06-2025: ≥ 25%● unchanged vs 05-2025lowest value
07-2025: ≥ 25%● unchanged vs 06-2025
08-2025: ≥ 25%● unchanged vs 07-2025
09-2025: ≥ 25%● unchanged vs 08-2025
10-2025: ≥ 25%● unchanged vs 09-2025highest value
11-2025: ≥ 25%● unchanged vs 10-2025highest value
12-2025: ≥ 25%● unchanged vs 11-2025highest value
01-2026: ≥ 25%● unchanged vs 12-2025highest value
02-2026: ≥ 25%● unchanged vs 01-2026highest value
03-2026: ≥ 25%● unchanged vs 02-2026highest value
04-2026: ≥ 25%● unchanged vs 03-2026highest value
05-2026: ≥ 25%● unchanged vs 04-2026highest value
06-2026: ≥ 25%● unchanged vs 05-2026highest value
07-2026: ≥ 25%● unchanged vs 06-2026
08-2026: ≥ 25%● unchanged vs 07-2026highest value
09-2026: ≥ 25%● unchanged vs 08-2026highest value
10-2026: ≥ 25%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.3, compared with 0.23 in 2023; short-term debt: 239.1% and cash: 1.3% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro): better than 9% on solvency, 3% on liquidity, 93% on profitability and 83% on growth.
The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
raises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 18734 sector peers (2024).
NBB · sector comparisonPosition among 18734 sector peers
Solvency
better than 9%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2026, 328 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
328 days late
2023
26 days late
2022
155 days late
2021
219 days late
2020
208 days late
2019
509 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 241 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: CHAP (director)Permanent representatives: Charly Meerbergen and…
- Plan homologationEnterprise Court of Antwerp ·…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€119,354 View
- Caution: Among the weakest 5% on equitysector median €27,798 · 18,775 companies -€119,354 View
- Positive: Back in profit in 2024after -€7,029 in 2023 €163,706 View
- Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
- Caution: Board changedlatest change 20-03-2026 · 1 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 1 member
- LapithenDirector
Network & group
- Connected companies
- 3
Timeline
- Events
- 11
- Since
- 2021
- 31-12-2024Back to profit
- 10-10-2024Opening
- 26-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Cafés and barsNACE 56301
- Founded
- 27-04-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
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