Financials
- Fiscal year
- 2024
- Total assets
- €241,161
- Loss
- -€61,962
- Solvency
- -214.3%
Total assets▲ 18.8%
Net result
20182024
KWAK
ActiveSummary
The computed 12-month bankruptcy probability of KWAK is 5.1% (elevated). The 2024 annual accounts show negative equity (-€516,880) and a net result of -€61,962. Equity is shrinking by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 18932 sector peers (fiscal year 2024). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Full-service restaurants
NACE 56111NACE 55301NACE 55401
1 site
How big
€241,161total assets 2024
- Staff
- 16.2 FTE
- Equity
- -€516,880
- Loss
- -€61,962
Who decides
Accounts 63 d overdue
Why 35- 1 financial year not filed after the legal deadline; latest accounts 78 days late; 3 of the last 3 late- Sector Food and beverage service activities (NACE 56)+ Founded in 1997+ Size: total assets €241,161Show the evidence
Checked score
Score 2024
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 14% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -214.3% of total assets
Liquidity
2-5
short-term debt 278.4% · cash 1.3%
Profitability
1-76
return on assets -25.7%
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Founded in 1997 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 78 days late; 3 of the last 3 late raises the probability
- Sector Food and beverage service activities (NACE 56) raises the probability
- Size: total assets €241,161 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.23 against 0.16 in 2023; short-term debt: 278.4% and cash: 1.3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 9%, liquidity 3%, profitability 17%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€516,880
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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
not confirmed
2024
78 d late
2023
93 d late
2022
135 d late
2021
308 d late
2020
606 d late
2019
87 d late
← 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 218 days after 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)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Back to profitnet €13,459
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€516,880 View
- Caution: From profit to loss in 2024after €13,459 in 2023 -€61,962 View
- Caution: Among the weakest 5% on net resultsector median €5,297 · 18,911 companies -€61,962 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
By topic
Timeline
- Events
- 13
- Since
- 2016
- 17-10-2025Annual accounts filed
- 01-11-2024Annual accounts filed
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 30-12-1997
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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