QUE PASA ?
ActiveSummary
QUE PASA ? has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €282,280. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 57.67 against 11.83 in 2024; short-term debt: 1.4% and cash: 72% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
11.5%
Age of the figures
16 mo
neutral · Filed after the deadline
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 05-01-2026, 5 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
5 d late
2024
6 d late
2023
11 d early
2022
9 d early
2021
7 d early
2020
9 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today. Usually files around 24 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-05-2026 close28-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.4m▲ 13.3%
2024 · €2.1m
Total assets
€2.4m▲ 7.6%
2024 · €2.3m
Net result
€282,280▼ 18.8%
2024 · €347,627
Working capital
€1.9m▲ 22.2%
2024 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20212022202320242025
Operating result€18,624▼ 96.9%€270,737▲ 1,354%€488,087▲ 80.3%€509,732▲ 4.4%€414,820▼ 18.6%
Net result€9,146within the sector's middle half▼ 97.6%€178,621above the sector's middle half▲ 1,853%€330,585above the sector's middle half▲ 85.1%€347,627above the sector's middle half▲ 5.2%€282,280above the sector's middle half▼ 18.8%
Equity€2.0mabove the sector's middle half▲ 0.4%€1.8mabove the sector's middle half▼ 13.4%€2.1mabove the sector's middle half▲ 18.7%€2.1mabove the sector's middle half▲ 1.3%€2.4mabove the sector's middle half▲ 13.3%
Total assets€2.1mabove the sector's middle half▼ 3.2%€1.9mwithin the sector's middle half▼ 9.2%€2.2mwithin the sector's middle half▲ 14.4%€2.3mabove the sector's middle half▲ 5.5%€2.4mabove the sector's middle half▲ 7.6%
Debt€28,243▼ 73.6%€112,070▲ 297%€52,347▼ 53.3%€141,969▲ 171%€33,380▼ 76.5%
Working capital€1.5mabove the sector's middle half▲ 4.2%€1.2mabove the sector's middle half▼ 15.7%€1.6mabove the sector's middle half▲ 31.0%€1.5mabove the sector's middle half▼ 4.8%€1.9mabove the sector's middle half▲ 22.2%
Solvency98.6%above the sector's middle half▲ 3.6pp94.0%above the sector's middle half▼ 4.6pp97.6%above the sector's middle half▲ 3.5pp93.7%above the sector's middle half▼ 3.8pp98.6%above the sector's middle half▲ 4.9pp
Current ratio52.59above the sector's middle half▲ 38.5211.96above the sector's middle half▼ 40.6331.85above the sector's middle half▲ 19.8911.83above the sector's middle half▼ 20.0357.67above the sector's middle half▲ 45.84
Return on assets (ROA)0.4%within the sector's middle half▼ 17.4pp9.5%within the sector's middle half▲ 9.0pp15.4%above the sector's middle half▲ 5.9pp15.3%above the sector's middle half=11.5%above the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€539,320 ▼ 9.7%
Current assets
€1.9m ▲ 13.8%
Equity and liabilities €2.4m
Equity
€2.4m ▲ 13.3%
Debt
€33,380 ▼ 76.5%
Debt's share of the balance-sheet total falls from 6.3% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€497,736▼
2024 · €586,825
Cash flow
€365,196▼
2024 · €424,720
Debt to equity
0.01▼
2024 · 0.07
ROE
11.7%▼
2024 · 16.3%
Interest coverage
1262.52▼
2024 · 2623.15
Debt ≤ 1 year
€33,042▼
2024 · €141,546
Income taxes
€144,984▼
2024 · €170,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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%.
| 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 20,129 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €460 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,526 | €55,987 | €57,784 | €77,093 | €82,916 | ▲ 7.6% |
| Other operating charges640/8 | - | €4,431 | €5,717 | €5,035 | €5,135 | ▲ 2.0% |
| Gross operating margin9900 | €102,354 | €331,154 | €551,588 | €591,860 | €502,871 | ▼ 15.0% |
| Operating profit (loss)9901 | €18,624 | €270,737 | €488,087 | €509,732 | €414,820 | ▼ 18.6% |
| Financial income75/76B | - | €4,504 | €1,235 | €8,553 | €14,666 | ▲ 71.5% |
| Recurring financial income75 | €105 | €4,504 | €1,235 | €8,553 | €14,666 | ▲ 71.5% |
| Financial charges65/66B | - | €981 | €369 | €224 | €2,222 | ▲ 893% |
| Recurring financial charges65 | €47 | €981 | €369 | €224 | €394 | ▲ 76.2% |
| Non-recurring financial charges66B | - | - | - | - | €1,828 | - |
| Profit (loss) for the period before taxes9903 | €18,683 | €274,261 | €488,952 | €518,061 | €427,264 | ▼ 17.5% |
| Income taxes67/77 | €9,537 | €95,640 | €158,367 | €170,434 | €144,984 | ▼ 14.9% |
| Profit (loss) for the period9904 | €9,146 | €178,621 | €330,585 | €347,627 | €282,280 | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €9,146 | €178,621 | €330,585 | €347,627 | €282,280 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €1.9m | €2.2m | €2.3m | €2.4m | ▲ 7.6% |
| Fixed assets21/28 | €587,360 | €541,530 | €491,633 | €597,279 | €539,320 | ▼ 9.7% |
| Tangible fixed assets22/27 | €578,085 | €532,255 | €482,358 | €584,805 | €525,346 | ▼ 10.2% |
| Land and buildings22 | - | €515,017 | €468,073 | €470,113 | €437,165 | ▼ 7.0% |
| Furniture and vehicles24 | - | €17,238 | €14,285 | €114,692 | €88,181 | ▼ 23.1% |
| Financial fixed assets28 | €9,275 | €9,275 | €9,275 | €12,474 | €13,974 | ▲ 12.0% |
| Current assets29/58 | €1.5m | €1.3m | €1.7m | €1.7m | €1.9m | ▲ 13.8% |
| Amounts receivable after more than one year29 | - | €3,500 | €1,500 | - | - | - |
| Other amounts receivable291 | - | €3,500 | €1,500 | - | - | - |
| Amounts receivable within one year40/41 | €138,741 | €231,843 | €115,499 | €135,342 | €142,239 | ▲ 5.1% |
| Trade receivables40 | - | €112,233 | €112,233 | €131,900 | €131,900 | = |
| Other amounts receivable41 | - | €119,610 | €3,265 | €3,442 | €10,339 | ▲ 200% |
| Cash at bank and in hand54/58 | €1.3m | €1.1m | €1.5m | €1.5m | €1.8m | ▲ 14.6% |
| Deferred charges and accrued income490/1 | - | €7,685 | €3,047 | €3,527 | €3,762 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €1.9m | €2.2m | €2.3m | €2.4m | ▲ 7.6% |
| Equity10/15 | €2.0m | €1.8m | €2.1m | €2.1m | €2.4m | ▲ 13.3% |
| Contributions10/11 | - | €21,667 | €21,667 | €21,667 | €21,667 | = |
| Reserves13 | €2.0m | €1.7m | €2.1m | €2.1m | €2.4m | ▲ 13.4% |
| Non-distributable reserves130/1 | - | €38,266 | €38,266 | - | - | - |
| Reserves not available under the articles1311 | - | €38,266 | €38,266 | - | - | - |
| Tax-exempt reserves132 | - | €20,230 | €20,230 | €20,230 | €20,230 | = |
| Distributable reserves133 | - | €1.7m | €2.0m | €2.1m | €2.4m | ▲ 13.5% |
| Amounts payable17/49 | €28,243 | €112,070 | €52,347 | €141,969 | €33,380 | ▼ 76.5% |
| Amounts payable within one year42/48 | €28,243 | €112,070 | €52,164 | €141,546 | €33,042 | ▼ 76.7% |
| Financial debts43 | - | - | €500 | €600 | - | - |
| Other loans439 | - | - | €500 | €600 | - | - |
| Trade debts44 | €18,706 | €16,430 | €9,677 | €14,778 | €24,628 | ▲ 66.6% |
| Suppliers440/4 | - | €16,430 | €9,677 | €14,778 | €24,628 | ▲ 66.6% |
| Taxes, remuneration and social security45 | - | €95,640 | €34,279 | €42,871 | €430 | ▼ 99.0% |
| Taxes450/3 | - | €95,640 | €34,279 | €42,871 | €430 | ▼ 99.0% |
| Other amounts payable47/48 | - | - | €7,709 | €83,296 | €7,985 | ▼ 90.4% |
| Accrued charges and deferred income492/3 | - | - | €183 | €423 | €337 | ▼ 20.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,146 | €178,621 | €330,585 | €347,627 | €282,280 | ▼ 18.8% |
| + Depreciation and write-downs630 | €79,526 | €55,987 | €57,784 | €77,093 | €82,916 | ▲ 7.6% |
| Operating cash flow (approximation) | €88,671 | €234,607 | €388,370 | €424,720 | €365,196 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | -€10,156 | -€7,888 | -€182,739 | -€24,957 | ▲ 86.3% |
| Change in cash | - | -€240,445 | €443,741 | -€6,522 | €224,518 | ▲ 3,543% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
31-05
Financial
Liquidity times 5current ratio 57.67
Current ratio from 11.83 to 57.67; short-term debt falls from €141,546 to €33,042.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Liquidity triplescurrent ratio 31.85
Current ratio from 11.96 to 31.85; short-term debt falls from €112,070 to €52,164.
31-05
Financial
Equity above €2mEq €2.1m ▲18.7%
5 profitable years in a row build equity to €2.1m.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial
Weakest financial yearnet €9,146 ▼97.6%
Net result drops to €9,146, the lowest in the series; recovery starts the following year.
31-05
Financial
Liquidity quadruplescurrent ratio 52.59
Current ratio from 14.07 to 52.59; short-term debt falls from €106,950 to €28,243.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-05
Financial
Highest result since 2019net €381,265 ▲3.6%
Operating result €599,322, net result €381,265, both a record.
Show earlier events
31-05
Financial
Equity above €2mEq €2.0m ▲20.1%
2 profitable years in a row build equity to €2.0m.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-11
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.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Leopoldsburg · 1 establishment unit since 1996
Ground area
2,915 m²
Building footprint
177 m²
Volume, LiDAR
1,026 m³
Parcel 71034A1464/00A000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
QUE PASA
since 19962.077.988.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A1464/00A000 | Flanders | 2,915 m² | 1 · 177 m² | 10.9 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-05-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 31-05-2025 of QUE PASA ? and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,395 companies in sector 90393 we hold annual accounts for 942. 259 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
Founded12-08-1996
Fiscal year end31-05
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458633420
Also
9925:BE0458633420
Registered
01-12-2025
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.