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QUARTIER

Active
Private limited companyfounded 20224 yrs activeBloemenhofplein 1, 1000 Brussel, BelgiumKBO/BCE: BE 0783.303.506
Summary

The computed 12-month bankruptcy probability of QUARTIER is 8.2% (elevated). The annual accounts of QUARTIER for fiscal year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €9,436 and a net result of -€26,395. Equity is shrinking by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 13604 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-87
Solvency31▼-18
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
8.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.21 in 2024; short-term debt: 93.8% and cash: 2.9% of total assets), and 93.8% of the assets are financed with debt.
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Signals

Five 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
6.2%
Return on assets
-17.4%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
38 d early
2023
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

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. Usually files around 28 June (3 of the last 3 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

QUARTIER was incorporated on 11 March 2022 as a Private limited company.1 Total assets went from EUR 165,802 in 2023 to EUR 152,071 in 2025 and headcount from 3.8 to 5.1 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€9,436▼ 73.7%
2024 · €35,831
Total assets
€152,071▲ 0.6%
2024 · €151,202
Net result
-€26,395
2024 · €21,876
Working capital
-€108,196▼ 18.3%
2024 · -€91,496
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€5,799-€32,633-€22,193
Net result-€6,045within the sector's middle half-€21,876within the sector's middle half-€26,395below the sector's middle half
Equity€13,955within the sector's middle half-€35,831within the sector's middle half▲ 157%€9,436within the sector's middle half▼ 73.7%
Total assets€165,802within the sector's middle half-€151,202within the sector's middle half▼ 8.8%€152,071within the sector's middle half▲ 0.6%
Debt€151,847-€115,371▼ 24.0%€142,636▲ 23.6%
Working capital-€120,292below the sector's middle half--€91,496below the sector's middle half▲ 23.9%-€108,196below the sector's middle half▼ 18.3%
Solvency8.4%within the sector's middle half-23.7%within the sector's middle half▲ 15.3pp6.2%within the sector's middle half▼ 17.5pp
Current ratio0.21below the sector's middle half-0.21below the sector's middle half=0.24below the sector's middle half▲ 0.03
Return on assets (ROA)-3.6%within the sector's middle half-14.5%within the sector's middle half▲ 18.1pp-17.4%below the sector's middle half▼ 31.8pp
Staff (FTE)3.8-5.1▲ 34.2%5.1=
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000€40,000Operating result 2023: -€5,799-€5,799Net result 2023: -€6,045-€6,045Operating result 2024: €32,633€32,633Net result 2024: €21,876€21,876Operating result 2025: -€22,193-€22,193Net result 2025: -€26,395-€26,395202320242025-€40,000-€20,000€0€20,000€40,000Operating result 2023: -€5,799-€5,800Net result 2023: -€6,045-€6,040Operating result 2024: €32,633€32,600Net result 2024: €21,876€21,900Operating result 2025: -€22,193-€22,200Net result 2025: -€26,395-€26,400202320242025
The operating result turns negative in 2025: a loss of €22,193 after €32,633 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,071
Fixed assets €117,632 ▼ 7.6%
Current assets €34,440 ▲ 44.2%
Equity and liabilities €152,071
Equity €9,436 ▼ 73.7%
Debt €142,636 ▲ 23.6%
Debt's share of the balance-sheet total rises from 76.3% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,521▼
2024 · €51,438
Cash flow
-€7,723▼
2024 · €40,681
Quick ratio
0.07▼
2024 · 0.07
Debt to equity
15.12▲
2024 · 3.22
ROE
-279.7%▼
2024 · 61.1%
Interest coverage
-0.86▼
2024 · 12.27
Debt ≤ 1 year
€142,636▲
2024 · €115,371
Income taxes
€132▼
2024 · €6,574
Staff costs
€235,339▲
2024 · €202,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 759 companies that looked in July 2024 the way this one looks now, 7.5% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.5% went bankrupt
4.5% stopped otherwise
86% still going

A further 1.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 8.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 759 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€151,202€152,071▲
Fixed assets21/28€127,327€117,632▼
Intangible fixed assets21€62,333€53,833▼
Tangible fixed assets22/27€58,682€51,386▼
Plant, machinery and equipment23€58,477€51,386▼
Furniture and vehicles24€204-
Financial fixed assets28€6,312€12,412▲
Current assets29/58€23,875€34,440▲
Stocks and contracts in progress3€15,650€24,511▲
Stocks30/36€15,650€24,511▲
Amounts receivable within one year40/41€3,048€3,962▲
Trade receivables40€843€70▼
Other amounts receivable41€2,205€3,892▲
Cash at bank and in hand54/58€5,177€4,338▼
Deferred charges and accrued income490/1-€1,629
Equity and liabilities
Total equity and liabilities10/49€151,202€152,071▲
Equity10/15€35,831€9,436▼
Contributions10/11€20,000€20,000=
Reserves13€15,831€15,831=
Distributable reserves133€15,831€15,831=
Profit (loss) carried forward14--€26,395
Amounts payable17/49€115,371€142,636▲
Amounts payable within one year42/48€115,371€142,636▲
Current portion of amounts payable after more than one year42€4,755€4,748▼
Trade debts44€5,761€14,293▲
Suppliers440/4€5,761€14,293▲
Taxes, remuneration and social security45€26,780€65,929▲
Taxes450/3€10,731€13,388▲
Remuneration and social security454/9€16,050€52,541▲
Other amounts payable47/48€78,075€57,666▼
Income statement Code20242025
Remuneration, social security and pensions62€202,561€235,339▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,805€18,673▼
Other operating charges640/8-€400
Gross operating margin9900€253,999€232,218▼
Operating profit (loss)9901€32,633-€22,193▼
Financial income75/76B€8€1▼
Recurring financial income75€8€1▼
Financial charges65/66B€4,191€4,071▼
Recurring financial charges65€4,191€4,071▼
Profit (loss) for the period before taxes9903€28,450-€26,263▼
Income taxes67/77€6,574€132▼
Profit (loss) for the period9904€21,876-€26,395▼
Profit (loss) for the period to be appropriated9905€21,876-€26,395▼
Appropriation of the result
Profit (loss) to be appropriated9906€15,831-€26,395▼
Profit (loss) brought forward from the previous period14P-€6,045-
Transfer to equity691/2€15,831-
To other reserves6921€15,831-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€265,324€202,561€235,339▲ 16.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,486€18,805€18,673▼ 0.7%
Other operating charges640/8--€400-
Gross operating margin9900€282,011€253,999€232,218▼ 8.6%
Operating profit (loss)9901-€5,799€32,633-€22,193▼ 168%
Financial income75/76B€15€8€1▼ 92.4%
Recurring financial income75€15€8€1▼ 92.4%
Financial charges65/66B€260€4,191€4,071▼ 2.9%
Recurring financial charges65€260€4,191€4,071▼ 2.9%
Profit (loss) for the period before taxes9903-€6,045€28,450-€26,263▼ 192%
Income taxes67/77-€6,574€132▼ 98.0%
Profit (loss) for the period9904-€6,045€21,876-€26,395▼ 221%
Profit (loss) for the period to be appropriated9905-€6,045€21,876-€26,395▼ 221%
Line202320242025Change
Assets
Total assets20/58€165,802€151,202€152,071▲ 0.6%
Fixed assets21/28€134,248€127,327€117,632▼ 7.6%
Intangible fixed assets21€70,833€62,333€53,833▼ 13.6%
Tangible fixed assets22/27€57,103€58,682€51,386▼ 12.4%
Plant, machinery and equipment23€56,408€58,477€51,386▼ 12.1%
Furniture and vehicles24€695€204--
Financial fixed assets28€6,312€6,312€12,412▲ 96.6%
Current assets29/58€31,554€23,875€34,440▲ 44.2%
Stocks and contracts in progress3€13,200€15,650€24,511▲ 56.6%
Stocks30/36€13,200€15,650€24,511▲ 56.6%
Amounts receivable within one year40/41€5,737€3,048€3,962▲ 30.0%
Trade receivables40€4,291€843€70▼ 91.7%
Other amounts receivable41€1,446€2,205€3,892▲ 76.5%
Cash at bank and in hand54/58€10,937€5,177€4,338▼ 16.2%
Deferred charges and accrued income490/1€1,680-€1,629-
Equity and liabilities
Total equity and liabilities10/49€165,802€151,202€152,071▲ 0.6%
Equity10/15€13,955€35,831€9,436▼ 73.7%
Contributions10/11€20,000€20,000€20,000=
Reserves13-€15,831€15,831=
Distributable reserves133-€15,831€15,831=
Profit (loss) carried forward14-€6,045--€26,395-
Amounts payable17/49€151,847€115,371€142,636▲ 23.6%
Amounts payable within one year42/48€151,847€115,371€142,636▲ 23.6%
Current portion of amounts payable after more than one year42-€4,755€4,748▼ 0.1%
Trade debts44€12,285€5,761€14,293▲ 148%
Suppliers440/4€12,285€5,761€14,293▲ 148%
Taxes, remuneration and social security45€31,499€26,780€65,929▲ 146%
Taxes450/3€4,066€10,731€13,388▲ 24.8%
Remuneration and social security454/9€27,433€16,050€52,541▲ 227%
Other amounts payable47/48€108,062€78,075€57,666▼ 26.1%
Line202320242025Change
Profit (loss) for the period9904-€6,045€21,876-€26,395▼ 221%
+ Depreciation and write-downs630€22,486€18,805€18,673▼ 0.7%
Operating cash flow (approximation)€16,442€40,681-€7,723▼ 119%
Investment in fixed assets (approximation)--€11,885-€8,977▲ 24.5%
Change in cash--€5,761-€839▲ 85.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€26,395
Net result drops to -€26,395, the lowest in the series.
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €21,876
Net result €21,876 after one loss-making year.
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Brussel · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
93 m²
Building footprint
93 m²
Volume, LiDAR
667 m³
Parcel 21811M1393/00C000, Brussels · tallest building 20.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
‘In ‘t Spinnekopke
Bloemenhofplein 1, 1000 BrusselFull-service restaurants
since 20222.330.162.803
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M1393/00C000 Brussels 93 m² 1 · 93 m² 20.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
Brussel2.330.162.803
1 permission
Toelating · Eetgelegenheid · since 17-05-2022

Similar companies · same sector, comparable size

Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 6,864 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56309Food and beverage service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0783303506
Also 9925:BE0783303506
Registered 01-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.