El Paco
ActiveSummary
El Paco has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €366k and a net result of €19k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-8
Solvency99▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.01 in 2024; short-term debt: 21.8% and cash: 45.6% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
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
74.3%
Return on assets
3.9%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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
26 d late
2024
on the day
2023
28 d late
2022
16 d late
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€366k▲ 5.6%
2024 · €346k
2019: €178klowest in 7 years
2020: €207k▲ +16.2% vs 2019
2021: €253k▲ +22.4% vs 2020
2022: €292k▲ +15.3% vs 2021
2023: €317k▲ +8.6% vs 2022
2024: €346k▲ +9.1% vs 2023
2025: €366k▲ +5.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€492k▼ 7.6%
2024 · €532k
2019: €427k
2020: €407k▼ -4.7% vs 2019lowest in 7 years
2021: €428k▲ +5.3% vs 2020
2022: €491k▲ +14.7% vs 2021
2023: €491k▼ -0.2% vs 2022
2024: €532k▲ +8.4% vs 2023highest in 7 years
2025: €492k▼ -7.6% vs 2024
2019 → 2025
Net result
€19k▼ 66.2%
2024 · €57k
2019: €28k
2020: €29k▲ +2.7% vs 2019
2021: €46k▲ +60.5% vs 2020
2022: €39k▼ -16.4% vs 2021
2023: €25k▼ -35.0% vs 2022
2024: €57k▲ +126% vs 2023highest in 7 years
2025: €19k▼ -66.2% vs 2024lowest in 7 years
2019 → 2025
Working capital
€144k▲ 3.7%
2024 · €139k
2019: €44klowest in 7 years
2020: €57k▲ +31.7% vs 2019
2021: €90k▲ +57.8% vs 2020
2022: €112k▲ +23.4% vs 2021
2023: €130k▲ +16.8% vs 2022
2024: €139k▲ +6.9% vs 2023
2025: €144k▲ +3.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€253k-€292k▲ 15.3%€317k▲ 8.6%€346k▲ 9.1%€366k▲ 5.6%
2021: €253klowest in 5 years
2022: €292k▲ +15.3% vs 2021
2023: €317k▲ +8.6% vs 2022
2024: €346k▲ +9.1% vs 2023
2025: €366k▲ +5.6% vs 2024highest in 5 years
Operating result€10k-€57k▲ 441%€41k▼ 27.7%€83k▲ 103%€30k▼ 64.2%
2021: €10klowest in 5 years
2022: €57k▲ +441% vs 2021
2023: €41k▼ -27.7% vs 2022
2024: €83k▲ +103% vs 2023highest in 5 years
2025: €30k▼ -64.2% vs 2024
Net result€46k-€39k▼ 16.4%€25k▼ 35.0%€57k▲ 126%€19k▼ 66.2%
2021: €46k
2022: €39k▼ -16.4% vs 2021
2023: €25k▼ -35.0% vs 2022
2024: €57k▲ +126% vs 2023highest in 5 years
2025: €19k▼ -66.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €492k
Fixed assets
€240k ▼ 5.6%
Current assets
€252k ▼ 9.4%
Equity and liabilities €492k
Equity
€366k ▲ 5.6%
Debt
€126k ▼ 32.0%
Debt's share of the balance-sheet total falls from 34.9% to 25.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2024 · €103k
Cash flow
€39k▼
2024 · €77k
Current ratio
2.35▲
2024 · 2.01
Quick ratio
2.21▲
2024 · 1.93
Debt to equity
0.35▼
2024 · 0.54
ROE
5.3%▼
2024 · 16.5%
ROA
3.9%▼
2024 · 10.7%
Interest coverage
28.25▼
2024 · 43.00
Debt ≤ 1 year
€107k▼
2024 · €138k
Debt > 1 year
€19k▼
2024 · €47k
Income taxes
€9k▼
2024 · €24k
Staff costs
€332k▼
2024 · €348k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€532k€492k▼
Fixed assets21/28€254k€240k▼
Tangible fixed assets22/27€254k€240k▼
Land and buildings22€245k€230k▼
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€8k€6k▼
Current assets29/58€278k€252k▼
Stocks and contracts in progress3€10k€15k▲
Stocks30/36€10k€15k▲
Amounts receivable within one year40/41€1k€6k▲
Trade receivables40€1k€30▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58€266k€224k▼
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€532k€492k▼
Equity10/15€346k€366k▲
Contributions10/11€19k€19k=
Reserves13€328k€347k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€326k€345k▲
Amounts payable17/49€186k€126k▼
Amounts payable after more than one year17€47k€19k▼
Financial debts170/4€47k€19k▼
Amounts payable within one year42/48€138k€107k▼
Current portion of amounts payable after more than one year42€28k€28k=
Trade debts44€9k€9k▼
Suppliers440/4€9k€9k▼
Taxes, remuneration and social security45€72k€66k▼
Taxes450/3€46k€26k▼
Remuneration and social security454/9€26k€39k▲
Other amounts payable47/48€29k€5k▼
Accrued charges and deferred income492/3€10-
Income statement
Code20242025
Remuneration, social security and pensions62€348k€332k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€454k€384k▼
Operating profit (loss)9901€83k€30k▼
Financial income75/76B€172€223▲
Recurring financial income75€172€223▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€81k€28k▼
Income taxes67/77€24k€9k▼
Profit (loss) for the period9904€57k€19k▼
Profit (loss) for the period to be appropriated9905€57k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€19k▼
Transfer from equity791/2€28k-
Transfer to equity691/2€57k€19k▼
To other reserves6921€57k€19k▼
Profit to be distributed694/7€28k-
Return on contributions (dividend)694€28k-
Social balance
Average headcount (FTE)9087-7.5
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €265k | €332k | €348k | €332k | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €22k | €22k | €20k | €20k | ▲ 1.9% |
| Other operating charges640/8 | - | €4k | €2k | €3k | €3k | ▼ 8.8% |
| Gross operating margin9900 | €141k | €348k | €398k | €454k | €384k | ▼ 15.3% |
| Operating profit (loss)9901 | €10k | €57k | €41k | €83k | €30k | ▼ 64.2% |
| Financial income75/76B | - | €4k | €238 | €172 | €223 | ▲ 29.6% |
| Recurring financial income75 | €43k | €94 | €238 | €172 | €223 | ▲ 29.6% |
| Non-recurring financial income76B | - | €4k | - | - | - | - |
| Financial charges65/66B | - | €6k | €5k | €2k | €2k | ▼ 26.3% |
| Recurring financial charges65 | €5k | €6k | €5k | €2k | €2k | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €49k | €55k | €36k | €81k | €28k | ▼ 65.1% |
| Income taxes67/77 | €2k | €16k | €11k | €24k | €9k | ▼ 62.4% |
| Profit (loss) for the period9904 | €46k | €39k | €25k | €57k | €19k | ▼ 66.2% |
| Profit (loss) for the period to be appropriated9905 | €46k | €39k | €25k | €57k | €19k | ▼ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €428k | €491k | €491k | €532k | €492k | ▼ 7.6% |
| Fixed assets21/28 | €295k | €284k | €263k | €254k | €240k | ▼ 5.6% |
| Tangible fixed assets22/27 | €295k | €284k | €263k | €254k | €240k | ▼ 5.6% |
| Land and buildings22 | - | €269k | €254k | €245k | €230k | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €7k | €3k | €2k | €4k | ▲ 109% |
| Furniture and vehicles24 | - | €9k | €6k | €8k | €6k | ▼ 19.9% |
| Current assets29/58 | €133k | €207k | €228k | €278k | €252k | ▼ 9.4% |
| Stocks and contracts in progress3 | €7k | €12k | €13k | €10k | €15k | ▲ 48.0% |
| Stocks30/36 | - | €12k | €13k | €10k | €15k | ▲ 48.0% |
| Amounts receivable within one year40/41 | €8k | €14k | €18k | €1k | €6k | ▲ 307% |
| Trade receivables40 | - | €14k | €14k | €1k | €30 | ▼ 98.0% |
| Other amounts receivable41 | - | - | €4k | - | €6k | - |
| Cash at bank and in hand54/58 | €118k | €180k | €197k | €266k | €224k | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | €6k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €428k | €491k | €491k | €532k | €492k | ▼ 7.6% |
| Equity10/15 | €253k | €292k | €317k | €346k | €366k | ▲ 5.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €92k | €273k | €299k | €328k | €347k | ▲ 5.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €272k | €297k | €326k | €345k | ▲ 5.9% |
| Profit (loss) carried forward14 | €142k | - | - | - | - | - |
| Amounts payable17/49 | €175k | €199k | €173k | €186k | €126k | ▼ 32.0% |
| Amounts payable after more than one year17 | €132k | €104k | €76k | €47k | €19k | ▼ 60.0% |
| Financial debts170/4 | - | €104k | €76k | €47k | €19k | ▼ 60.0% |
| Amounts payable within one year42/48 | €43k | €95k | €98k | €138k | €107k | ▼ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €28k | €28k | €28k | €28k | = |
| Trade debts44 | €5k | €9k | €2k | €9k | €9k | ▼ 9.8% |
| Suppliers440/4 | - | €9k | €2k | €9k | €9k | ▼ 9.8% |
| Advances received on contracts in progress46 | - | €15k | €15k | - | - | - |
| Taxes, remuneration and social security45 | - | €33k | €52k | €72k | €66k | ▼ 8.6% |
| Taxes450/3 | - | €21k | €31k | €46k | €26k | ▼ 42.3% |
| Remuneration and social security454/9 | - | €12k | €21k | €26k | €39k | ▲ 50.7% |
| Other amounts payable47/48 | - | €10k | €192 | €29k | €5k | ▼ 83.7% |
| Accrued charges and deferred income492/3 | - | - | - | €10 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €39k | €25k | €57k | €19k | ▼ 66.2% |
| + Depreciation and write-downs630 | €21k | €22k | €22k | €20k | €20k | ▲ 1.9% |
| Operating cash flow (approximation) | €67k | €61k | €48k | €77k | €39k | ▼ 48.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-487 | €-11k | €-6k | ▲ 49.3% |
| Change in cash | - | €62k | €17k | €69k | €-42k | ▼ 161% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
30-06
Financial
Weakest financial yearnet €19k ▼66.2%
Net result drops to €19k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €57k ▲126%
Operating result €83k, net result €57k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200kEq €207k ▲16.2%
2 profitable years in a row build equity to €207k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Boutersem · 1 establishment unit since 2010
Ground area
1,321 m²
Building footprint
519 m²
Volume, LiDAR
2,401 m³
Parcel 24016B0177/00P000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
El Paco
since 20102.187.301.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24016B0177/00P000 | Flanders | 1,321 m² | 1 · 519 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteBoutersem2.187.301.597
Legal Entity Identifier
64881HW6IXP975F51R91
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 7,164 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-01-2010
Fiscal year end30-06
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail
pascal.dacosse@telenet.beBoutersem
Phone
016/73.33.61Boutersem
Scores and ratios are computed by Checked and are not a credit decision.