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CUARTO

Active
Private limited company (pre-2019)founded 20188 years activeAmerstraat 42, 3200 Aarschot, BelgiumKBO/BCE: BE 0701.650.983

The file of CUARTO contains 2 judicial reorganisation notices, as published in the Belgian State Gazette.

Summary

The annual accounts of CUARTO for fiscal year 2024 show a net loss of 94% of the equity at the start of that year. The computed 12-month bankruptcy probability is 22.7% (high). The 2024 annual accounts show equity of €4,970 and a net result of -€75,903. Equity is shrinking by ~38.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 29% of 18,970 sector peers (NACE 56, fiscal year 2024).

Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€219,474total assets 2024
Staff
15 FTE
Equity
€4,970
Loss
-€75,903
Turnover not published (abridged schema)
Financial health
13 Critical Checked score 2024
Bankruptcy probabilitywithin 12 months
22.7%
Structure
Accounts 69 days overdue1 of 7 deeds read
Why 13- Reorganisation plan being carried out (approved, Gazette 28-01-2026)- Figures for FY 2024 (filed 29-07-2025)- Sector Food and beverage service activities (NACE 56)+ Liquidity: current ratio 1.30, cash €116,038Show the evidence

Checked score

Score 2024
13 / 100
Critical
Probability in this band: over 15.0%
Financially better than 31% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency 27-26
equity 2.3% of total assets
Liquidity 78-7
short-term debt 45.8% · cash 52.9%
Profitability 0-55
return on assets -34.6%
Bankruptcy probability, 12 months
22.7% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,697 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024lowest value 02-2025: 1.0%● unchanged vs 01-2025lowest value 03-2025: 1.0%● unchanged vs 02-2025lowest value 04-2025: 1.1%▲ +0.1 percentage points vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.1 percentage points vs 06-2025 08-2025: 1.7%▲ +0.5 percentage points vs 07-2025 09-2025: 1.7%● unchanged vs 08-2025 10-2025: 1.7%● unchanged vs 09-2025 02-2026: 14.6% 03-2026: 14.6%● unchanged vs 02-2026 04-2026: 14.6%● unchanged vs 03-2026 05-2026: 14.6%● unchanged vs 04-2026 06-2026: 14.6%● unchanged vs 05-2026 07-2026: 14.6%● unchanged vs 06-2026 08-2026: 15.4%▲ +0.8 percentage points vs 07-2026 09-2026: 16.7%▲ +1.3 percentage points vs 08-2026 10-2026: 22.7%▲ +6.0 percentage points vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.3 against 1.7 in 2023; short-term debt: 45.8% and cash: 52.9% of total assets), and 97.7% of the assets are financed with debt.
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 27% on solvency, 81% on liquidity, 8% on profitability and 8% on growth.

The bankruptcy probability was computed on 07-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · Reorganisation plan being carried out (approved, Gazette 28-01-2026)
Belgian State Gazette
raises risk · Figures for FY 2024 (filed 29-07-2025)
NBB · annual accounts
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
lowers risk · Liquidity: current ratio 1.30, cash €116,038
NBB · annual accounts
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 2024
Net result per financial year
192021222324
2019 to 2024 · latest year -€75,903
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
2 days early
2023
30 days early
2022
10 days early
2021
33 days early
2020
22 days early
2019
32 days early
← 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 22 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Ive Van Craen (director)Appointment: Davy Geerts (director) ·…
  2. Plan homologationOndernemingsrechtbank Leuven · event 22-01-2026
  3. OpeningOndernemingsrechtbank Leuven · collective agreement…

Key points

  • Caution: Result fell in 2024from -€5,254 to -€75,903 ▼ 1,345% View
  • Caution: Among the weakest 5% on net resultsector median €5,296 · 18,950 companies -€75,903 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€75,903 View

By topic

Financials

Fiscal year
2024
Total assets
€219,474
Loss
-€75,903
Solvency
2.3%
Total assets▼ 24.2%
Net result
20192024
Go to Financials

Timeline

Events
14
Since
2020
  1. 29-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 01-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Full-service restaurantsNACE 56111
Founded
22-08-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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