Checked.be
Active
BE 0823.707.766Private limited company (pre-2019)
McQueen
Hanzestedenplaats 5 ·2000 Antwerpen, Belgium· 16 yrs active
Sector: Cafés and bars
(56301)
Conclusion
McQueen has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 3511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €37k |
| Net result | €2k |
| Staff (FTE) | 9.6 |
| Better than sector | 34% |
Financial profile
53
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
38
Profitability
28
Solvency
20
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2010, 16 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
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.
Checked score
38
/ 100
Weak
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.
Indicative credit limit
€2k
estimate, not credit advice
Score history
25
2020
81
2021
7
2022
76
2023
81
2024
38
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.98 (< 1.0)
-10
Leverage
Debt/equity 6.02 (> 3.0)
-10
Profitability
ROE 6%
+3
Interest coverage
Interest coverage 4.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~48% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.2% | 29.7% | |
| Net result | €2k | €11k | |
| Equity | €37k | €90k | |
| Gross operating margin | €316k | €260k | |
| Staff costs | €281k | €251k |
€29k
+8.3%
20-25
€2k
-87.1%
20-25
€22k
-25.2%
20-25
€258k
+11.3%
20-25
€37k
-56.6%
20-25
€-3k
-
20-25
10
+1.1%
20-25
€281k
-8.7%
20-25
€4k
+74.2%
20-25
€50k
-
20-25
€221k
+50.5%
20-25
€195k
+32.5%
20-25
€26k
-
20-25
0.98
-23.1%
20-25
0.90
-24.4%
20-25
14.2%
-61.0%
20-25
6.02
+246.9%
20-25
5.6%
-70.1%
20-25
0.8%
-88.4%
20-25
4.52
-36.0%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €29k | €27k | €70k | €-37k | €92k |
| Net profit | €2k | €16k | €48k | €-52k | €70k |
| Cash flow | €22k | €30k | €64k | €-38k | €92k |
| Staff costs | €281k | €308k | €323k | €302k | €105k |
| Income taxes | €4k | €2k | €5k | €-611 | €5k |
| Dividends | €50k | - | - | - | - |
| Total assets | €258k | €232k | €286k | €259k | €255k |
| Equity | €37k | €85k | €69k | €21k | €73k |
| Debt | €221k | €147k | €217k | €238k | €182k |
| of which ≤ 1y | €195k | €147k | €214k | €238k | €182k |
| of which > 1y | €26k | - | - | - | - |
| Working capital | €-3k | €41k | €16k | €-49k | €7k |
| Employees (FTE) | 9.6 | 9.5 | 9.5 | 9.6 | 7.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.98 | 1.28 | 1.07 | 0.79 | 1.04 |
| Quick ratio | 0.90 | 1.18 | 1.01 | 0.73 | 0.97 |
| Working capital ratio | -1.3% | 17.6% | 5.5% | -19.0% | 2.9% |
| Solvency | 14.2% | 36.5% | 24.0% | 8.2% | 28.6% |
| Debt / equity | 6.02 | 1.74 | 3.17 | 11.25 | 2.50 |
| Long-term debt ratio | 0.72 | - | - | - | - |
| Interest coverage | 4.52 | 7.06 | 154.69 | -17.45 | 28.14 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.8% | 6.9% | 16.6% | -19.9% | 27.5% |
| ROE | 5.6% | 18.9% | 69.2% | -243.7% | 96.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €258k | €232k | €286k | €259k | €255k |
| Fixed assets | 21/28 | €66k | €44k | €57k | €70k | €65k |
| Tangible fixed assets | 22/27 | €66k | €44k | €57k | €70k | €65k |
| Current assets | 29/58 | €191k | €188k | €229k | €189k | €189k |
| Stocks & contracts in progress | 3 | €17k | €14k | €14k | €15k | €12k |
| Amounts receivable within one year | 40/41 | €8k | €28k | €20k | €9k | €4k |
| Cash & bank | 54/58 | €167k | €146k | €191k | €165k | €172k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €258k | €232k | €286k | €259k | €255k |
| Equity | 10/15 | €37k | €85k | €69k | €21k | €73k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €65k | €113k | €97k | €52k | €52k |
| Accumulated profits (losses) | 14 | €-47k | €-47k | €-47k | €-49k | €2k |
| Amounts payable | 17/49 | €221k | €147k | €217k | €238k | €182k |
| Amounts payable after one year | 17 | €26k | - | - | - | - |
| Amounts payable within one year | 42/48 | €195k | €147k | €214k | €238k | €182k |
| Trade debts payable within one year | 44 | €44k | €48k | €65k | €117k | €81k |
| Income statement | ||||||
| Gross operating margin | 9900 | €316k | €339k | €398k | €270k | €199k |
| Operating result | 9901 | €9k | €13k | €53k | €-50k | €69k |
| Financial income | 75 | €4k | €9k | €239 | €152 | €9k |
| Financial charges | 65 | €6k | €4k | €449 | €2k | €3k |
| Result before taxes | 9903 | €6k | €18k | €52k | €-52k | €75k |
| Income taxes | 67/77 | €4k | €2k | €5k | €-611 | €5k |
| Net result for the period | 9904 | €2k | €16k | €48k | €-52k | €70k |
| Result to be appropriated | 9905 | €2k | €16k | €48k | €-52k | €20k |
Legal Structure
| NACE primary | Cafés and bars(56301) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 02-03-2010 |
| Status | Active |
| Postal code | 2000 |
Establishment units
STORM
since 20102.186.757.409
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0030/00F000 | Flanders | 4,361 m² | 1 · 1,378 m² | 64.2 m · 20 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-52k ▼174%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.04
Current ratio from 0.47 to 1.04.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Full-service restaurants56101Full-service restaurants56111Cafés and bars56301Other holiday and short-stay accommodation55209
Names & trade names
| Legal nameNL | McQueen |
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