FRITAPAPA WATERLOO
ActiveSummary
The computed 12-month bankruptcy probability of FRITAPAPA WATERLOO is 4.4% (elevated). The 2025 annual accounts show negative equity (€-32k) and a net result of €24k. Equity is shrinking by ~81.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 3674 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+75
Solvency16▲+7
Growth62▲+17
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.66 against 1.08 in 2024; short-term debt: 30.2% and cash: 20.9% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.5%
Return on assets
7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3674 sector peers (2025).
NBB · sector comparisonPosition among 3674 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 4 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
54 d late
2022
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€617k▲ 29.8%
2022 · €476k
2022: €476k
2022 → 2024
EBIT margin
-8.2%▼ 8.2pp
2022 · 0.1%
2022: 0.1%
2022 → 2024
Net result
€24k
2024 · €-53k
2022: €-786
2023: €-27k
2024: €-53k
2022 → 2025
Working capital
€67k▲ 474%
2024 · €12k
2022: €5k
2023: €36k
2024: €12k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€476k-€617k
Equity€24k-€-3k€-56k▼ 1,711%€-32k▲ 42.3%
Operating result€338-€-24k€-50k▼ 112%€27k
Net result€-786-€-27k▼ 3,375%€-53k▼ 93.1%€24k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €50k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340k
Fixed assets
€170k ▼ 15.9%
Current assets
€170k ▲ 13.4%
Key figures and ratios
EBITDA
€59k▲
2024 · €-21k
Cash flow
€56k▲
2024 · €-23k
Solvency
-9.5%▲
2024 · -15.9%
Current ratio
1.66▲
2024 · 1.08
Quick ratio
1.54▲
2024 · 1.03
Debt to equity
-11.55▼
2024 · -7.30
ROA
7.0%▲
2024 · -15.0%
Interest coverage
17.63▲
2024 · -8.93
Debt
€372k▼
2024 · €407k
Debt ≤ 1 year
€103k▼
2024 · €138k
Debt > 1 year
€269k=
2024 · €269k
Staff costs
€227k▼
2024 · €237k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€352k€340k▼
Fixed assets21/28€202k€170k▼
Tangible fixed assets22/27€182k€150k▼
Land and buildings22€7k€4k▼
Plant, machinery and equipment23€88k€72k▼
Other tangible fixed assets26€87k€74k▼
Financial fixed assets28€19k€19k=
Current assets29/58€150k€170k▲
Stocks and contracts in progress3€8k€12k▲
Stocks30/36€8k€12k▲
Amounts receivable within one year40/41€84k€87k▲
Trade receivables40€84k€87k▲
Other amounts receivable41-€400
Cash at bank and in hand54/58€58k€71k▲
Equity and liabilities
Total equity and liabilities10/49€352k€340k▼
Equity10/15€-56k€-32k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-81k€-57k▲
Amounts payable17/49€407k€372k▼
Amounts payable after more than one year17€269k€269k=
Financial debts170/4€269k€269k=
Amounts payable within one year42/48€138k€103k▼
Current portion of amounts payable after more than one year42€4k€4k▼
Trade debts44€47k€21k▼
Suppliers440/4€47k€21k▼
Taxes, remuneration and social security45€20k€26k▲
Taxes450/3€1k€5k▲
Remuneration and social security454/9€19k€21k▲
Other amounts payable47/48€66k€51k▼
Income statement
Code20242025
Turnover70€617k-
Goods, raw materials, services and sundry goods60/61€410k-
Remuneration, social security and pensions62€237k€227k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€32k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€218k€287k▲
Operating profit (loss)9901€-50k€27k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-53k€24k▲
Profit (loss) for the period9904€-53k€24k▲
Profit (loss) for the period to be appropriated9905€-53k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-81k€-57k▲
Profit (loss) brought forward from the previous period14P€-28k€-81k▼
Social balance
Average headcount (FTE)90876.77.3▲
The notes to these accounts (7 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 54 days late
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 2021
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.
Boulevard Rolin (Henri) 31410 Waterloo1 establishment unit
FRITAPAPA WATERLOO
since 20212.315.896.576
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaterloo2.315.896.576
Similar companies · same sector, comparable size
IBO
BE 0458.910.166
Antwerpen · Eq €24,206
ILIAS ABKE
BE 0636.928.922
Schaarbeek · Eq €24,223
Presto Snack
BE 0743.895.869
Antwerpen · Eq €24,232
Bonjour Colette
BE 0694.729.638
Brussel · Eq €24,240
BABYLON.B
BE 1021.633.593
Rochefort · Eq €24,189
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:julien.abras@fritapapa.be
Phone:+32494648304