Frituur Paco

Active

Private limited companyfounded 20205 yrs activeCollegestraat(HRT) 4, 2200 Herentals, BelgiumKBO/BCE: BE 0756.807.262

The computed 12-month bankruptcy probability of Frituur Paco is 4.9% (elevated). The 2024 annual accounts show equity of €137k and a net result of €19k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 18939 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▲+13

Solvency100=

Growth52=

Track record94

Bankruptcy probability, 12 months

4.9% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days only on tighter terms

Liquidity ample (current ratio 8.1 against 3.62 in 2023; short-term debt: 11.3% and cash: 63.8% of total assets), and 12.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

37 d early

2022

42 d early

2021

41 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€137k▲ 16.0%

2023 · €118k

2021: €87k 2022: €116k 2023: €118k

2021 → 2024

Total assets

€157k▼ 0.6%

2023 · €158k

2021: €166k 2022: €199k 2023: €158k

2021 → 2024

Net result

€19k▲ 464%

2023 · €3k

2021: €84k 2022: €31k 2023: €3k

2021 → 2024

Working capital

€126k▲ 26.9%

2023 · €99k

2021: €49k 2022: €88k 2023: €99k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€87k-€116k▲ 34.4%€118k▲ 1.5%€137k▲ 16.0%

Operating result€123k-€46k▼ 62.1%€4k▼ 91.2%€26k▲ 535%

Net result€84k-€31k▼ 62.5%€3k▼ 89.3%€19k▲ 464%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 535% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €157k

91.9%

Fixed assets €13k▼ 37.2%

Current assets €144k▲ 4.8%

Equity and liabilities €157k

87.5%

12.5%

Equity €137k▲ 16.0%

Debt €20k▼ 50.4%

The debt ratio falls from 25.0% to 12.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€36k▲

2023 · €13k

Cash flow

€28k▲

2023 · €13k

Solvency

87.5%▲

2023 · 75.0%

Current ratio

8.10▲

2023 · 3.62

Quick ratio

7.84▲

2023 · 3.51

Debt / equity

0.14▼

2023 · 0.33

ROE

13.8%▲

2023 · 2.8%

ROA

12.1%▲

2023 · 2.1%

Interest coverage

59.19▲

2023 · 22.25

Debt

€20k▼

2023 · €39k

Debt ≤ 1 year

€18k▼

2023 · €38k

Income taxes

€7k▲

2023 · €1k

Staff costs

€26k▲

2023 · €23k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€158k€157k▼

Fixed assets21/28€20k€13k▼

Intangible fixed assets21€4k€4k▼

Tangible fixed assets22/27€16k€9k▼

Plant, machinery and equipment23€16k€9k▼

Current assets29/58€137k€144k▲

Amounts receivable after more than one year29€35k€35k=

Other amounts receivable291€35k€35k=

Stocks and contracts in progress3€4k€5k▲

Stocks30/36€4k€5k▲

Amounts receivable within one year40/41€159€4k▲

Trade receivables40€120€4k▲

Other amounts receivable41€39€43▲

Cash at bank and in hand54/58€96k€100k▲

Deferred charges and accrued income490/1€2k€0▼

Equity and liabilities

Total equity and liabilities10/49€158k€157k▼

Equity10/15€118k€137k▲

Contributions10/11€3k€3k=

Reserves13€115k€134k▲

Distributable reserves133€115k€134k▲

Profit (loss) carried forward14-€0

Amounts payable17/49€39k€20k▼

Amounts payable within one year42/48€38k€18k▼

Trade debts44€5k€8k▲

Suppliers440/4€5k€8k▲

Taxes, remuneration and social security45€21k€5k▼

Taxes450/3€19k€5k▼

Remuneration and social security454/9€2k€55▼

Other amounts payable47/48€12k€5k▼

Accrued charges and deferred income492/3€2k€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€23k€26k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲

Other operating charges640/8€856€773▼

Gross operating margin9900€37k€62k▲

Operating profit (loss)9901€4k€26k▲

Financial income75/76B€988€705▼

Recurring financial income75€988€705▼

Financial charges65/66B€605€602▼

Recurring financial charges65€605€602▼

Profit (loss) for the period before taxes9903€4k€26k▲

Income taxes67/77€1k€7k▲

Profit (loss) for the period9904€3k€19k▲

Profit (loss) for the period to be appropriated9905€3k€19k▲

Appropriation of the result

Profit (loss) to be appropriated9906€3k€19k▲

Transfer to equity691/2€2k€19k▲

To other reserves6921€2k€19k▲

Profit to be distributed694/7€2k€0▼

Return on contributions (dividend)694€2k€0▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity doublescurrent ratio 8.10

Current ratio from 3.62 to 8.10; short-term debt falls from €38k to €18k.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €3k ▼89.3%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

19-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €100kEq €116k ▲34.4%

2 profitable years in a row build equity to €116k.

20-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Herentals · 2 establishment units since 2020

establishment All 2 establishment units on the map

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.

Collegestraat(HRT) 42200 Herentals

Ground area

1,838 m²

Building footprint

1,349 m²

Volume, LiDAR

11,948 m³

2 parcels, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Frituur Paco

Collegestraat(HRT) 4, 2200 HerentalsLimited-service restaurants

since 20202.309.445.284

Frituur Paco

St.-Jobsstraat(HRT) 166, 2200 HerentalsFood and beverage service activities

since 20202.309.445.383

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13011F0311/00G000	Flanders	1,414 m²	1 · 1,251 m²	13.7 m · 4 fl.
13302C0263/00F002	Flanders	424 m²	1 · 98 m²	11.4 m · 2 fl.

Linked by address, not proof of ownership

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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Herentals2.309.445.383

1 permission

Toelating · Frituur · since 24-11-2020

Similar companies · same sector, comparable size

CAFE AU LAIT BROODJES

BE 0883.789.170

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EDUCAZIONE NAPOLETANA

Oudsbergen · Eq €137k

Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 7,391 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-10-2020

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.