Age3 yrs
Real estate2 parcels · 3,807 m²
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for EL PULGARCITO according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-116k) and a net result of €-83k.
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events10-03-2026
Bankruptcy
Opening
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 17 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-09-2025 | 60 d late | 2025-00533659 |
| 31-12-2023 | 31-07-2024 | 24-10-2024 | 85 d late | 2024-00512820 |
| 31-12-2022 | 31-07-2023 | 11-06-2023 | 50 d early | 2023-00117948 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-83k-142.0%
Working capital€-110k-202.0%
Directors1
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -161.6% | 19.3% | |
| Net result | €-83k | €4k | |
| Equity | €-116k | €14k | |
| Gross operating margin | €101k | €52k | |
| Staff costs | €166k | €49k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P7
Weakening position over 2022-2024
· n=3686-5650
P5
Weakening position over 2022-2024
· n=3667-5638
P5
Weakening position over 2022-2024
· n=3692-5662
P68
Improving position over 2022-2024
· n=3652-5624
Describes the position versus peers, not a forecast.
€-71k
-231.0%
22-24
€-83k
-142.0%
22-24
€-72k
-174.2%
22-24
€71k
-11.7%
22-24
€-116k
-251.6%
22-24
€-110k
-202.0%
22-24
€166k
+44.0%
22-24
€611
-
22-24
Show 10 other metrics
€187k
+64.3%
22-24
€125k
+131.1%
22-24
€62k
+3.5%
22-24
0.12
-63.0%
22-24
0.03
-76.2%
22-24
-161.6%
-298.3%
22-24
-1.62
+53.3%
22-24
71.6%
-31.2%
22-24
-115.6%
-174.1%
22-24
-55.74
-1174.8%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-71k |
| Net profit | €-83k |
| Cash flow | €-72k |
| Staff costs | €166k |
| Income taxes | - |
| Dividends | - |
| Total assets | €71k |
| Equity | €-116k |
| Debt | €187k |
| of which ≤ 1y | €125k |
| of which > 1y | €62k |
| Working capital | €-110k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.03 |
| Working capital ratio | -154.0% |
| Solvency | -161.6% |
| Debt / equity | -1.62 |
| Long-term debt ratio | -0.53 |
| Interest coverage | -55.74 |
| Gross margin | - |
| Net margin | - |
| ROA | -115.6% |
| ROE | 71.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €71k |
| Fixed assets | 21/28 | €56k |
| Intangible fixed assets | 21 | €49k |
| Tangible fixed assets | 22/27 | €7k |
| Current assets | 29/58 | €15k |
| Stocks & contracts in progress | 3 | €12k |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €71k |
| Equity | 10/15 | €-116k |
| Accumulated profits (losses) | 14 | €-116k |
| Amounts payable | 17/49 | €187k |
| Amounts payable after one year | 17 | €62k |
| Amounts payable within one year | 42/48 | €125k |
| Trade debts payable within one year | 44 | €70k |
| Income statement | ||
| Gross operating margin | 9900 | €101k |
| Operating result | 9901 | €-81k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-83k |
| Net result for the period | 9904 | €-83k |
| Result to be appropriated | 9905 | €-83k |
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
Not yet read from the acts
4 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | Luc PLESSERS KUNSTLAAN 24 BUS 9 A,
1000 BRUSSEL 1 |
03-03-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112) |
| Legal form | General partnership(011) |
| Incorporation | 04-10-2022 |
| Status | Active |
| Postal code | 1040 |
| First BS signal | 10-03-2026 |
| Latest BS signal | 10-03-2026 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
2 locationsEL PULGARCITO
since 20222.336.339.129
EL PULGARCITO
since 20232.348.866.876
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,807 m²
Buildings2
Building footprint1,380 m²
Volume (LiDAR)98,943 m³
Tallest building99.0 m · ±27 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 fl. |
| 21362B0235/00S002 | Brussels | 83 m² | 1 · 74 m² | 14.9 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette10-03-2026
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Address history · 1
17-02-2025
Registered-office move
All acts · 2
updated 11 months ago
2025
12-09-2025 Discharge granted to the board
17-02-2025 Registered office moved within Etterbeek
- RUE DE LA GARE 44 - 1040 ETTERBEEK → Rue de la Gare 26 à 1040 Etterbeek
Analysis
Financial profile
5 of 5 axes measured33
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
33
Growth
32
Stability
0
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,996 of the 21,772 companies in this sector. 939 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
| Legal nameFR | EL PULGARCITO |
Registered office
Stationstraat 26
1040 Etterbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.