QRN BRUSSELS
ActiveThe computed 12-month bankruptcy probability of QRN BRUSSELS is 10.1% (high). The 2025 annual accounts show negative equity (€-72k) and a net result of €-24k. Equity is shrinking by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 18% of 3644 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
23
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-75
Solvency12▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
10.1%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.8 in 2024; short-term debt: 113.4% and cash: 40.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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
-13.4%
Return on assets
-4.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
20212223232425
2020 to 2025 · latest year €-72k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
22 d early
2023
32 d early
2022
4 d early
2021
11 d early
2020
3 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-24k
2024 · €62k
2020: €23k
2021: €102k
2022: €40k
2023: €-77k
2023: €-53k
2024: €62k
2020 → 2025
Working capital
€-92k▼ 4.0%
2024 · €-88k
2020: €2k
2021: €72k
2022: €109k
2023: €-104k
2023: €-146k
2024: €-88k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€184k-€-57k€-110k▼ 92.4%€-48k▲ 56.7%€-72k▼ 50.4%
Operating result€64k-€-76k€-38k▲ 50.0%€69k€-23k
Net result€40k-€-77k€-53k▲ 31.4%€62k€-24k
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €533k
Fixed assets
€20k▼ 50.0%
Current assets
€512k▲ 43.3%
Key figures and ratios
EBITDA
€-4k▼
2024 · €92k
Cash flow
€-6k▼
2024 · €85k
Solvency
-13.4%▼
2024 · -11.9%
Current ratio
0.85▲
2024 · 0.80
Quick ratio
0.78▲
2024 · 0.75
Debt / equity
-8.45▲
2024 · -9.38
ROA
-4.5%▼
2024 · 15.6%
Interest coverage
-0.46▼
2024 · 10.81
Debt
€604k▲
2024 · €446k
Debt ≤ 1 year
€604k▲
2024 · €446k
Income taxes
€549▼
2024 · €731
Staff costs
€401k▼
2024 · €446k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€398k€533k▲
Fixed assets21/28€41k€20k▼
Tangible fixed assets22/27€40k€20k▼
Land and buildings22€21k€10k▼
Plant, machinery and equipment23€17k€10k▼
Furniture and vehicles24€2k-
Financial fixed assets28€429€429=
Current assets29/58€357k€512k▲
Stocks and contracts in progress3€25k€39k▲
Stocks30/36€25k€39k▲
Amounts receivable within one year40/41€177k€251k▲
Trade receivables40€49k€23k▼
Other amounts receivable41€128k€228k▲
Cash at bank and in hand54/58€149k€214k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€398k€533k▲
Equity10/15€-48k€-72k▼
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-67k€-91k▼
Amounts payable17/49€446k€604k▲
Amounts payable within one year42/48€446k€604k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€344k€501k▲
Suppliers440/4€344k€501k▲
Taxes, remuneration and social security45€64k€61k▼
Taxes450/3€67€3k▲
Remuneration and social security454/9€64k€58k▼
Other amounts payable47/48€32k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€446k€401k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€18k▼
Other operating charges640/8€4k€8k▲
Gross operating margin9900€542k€404k▼
Operating profit (loss)9901€69k€-23k▼
Financial income75/76B€2k€8k▲
Recurring financial income75€2k€8k▲
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€63k€-23k▼
Income taxes67/77€731€549▼
Profit (loss) for the period9904€62k€-24k▼
Profit (loss) for the period to be appropriated9905€62k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-91k▼
Profit (loss) brought forward from the previous period14P€-130k€-67k▲
Social balance
Average headcount (FTE)908711.712.6▲
The notes to these accounts (8 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Weakest financial yearnet €-77k ▼293%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Equity above €150kEq €184k ▲27.7%
3 profitable years in a row build equity to €184k.
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Highest result since 2020net €102k ▲340%
Operating result €121k, net result €102k, both a record.
30-06
Financial
Equity above €100kEq €144k ▲244%
2 profitable years in a row build equity to €144k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
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, Elsene · 2 establishment units since 2019
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.
Herdersstraat 41050 ElseneGround area
2,058 m²
Building footprint
932 m²
Volume, LiDAR
15,640 m³
2 parcels, Brussels · tallest building 25.0 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Nieuwstraat 121, 1000 Brussel
since 20192.284.679.996
Herdersstraat 4, 1050 Elsene
since 20222.328.685.037
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0544/00T000 | Brussels | 1,703 m² | 1 · 588 m² | 25.0 m · 7 fl. |
| 21009A0525/00K000 | Brussels | 355 m² | 1 · 344 m² | 18.6 m · 4 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 siteBrussel2.284.679.996
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 6,901 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-02-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.