QUE PASA
ActiveThe computed 12-month bankruptcy probability of QUE PASA is 3.2% (moderate). The 2025 annual accounts show negative equity (€-54k) and a net result of €-15k. Equity is shrinking by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 3644 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth22=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.02 in 2024; short-term debt: 480.1% and cash: 14.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
-455.7%
Return on assets
-127.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-54k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
73 d early
2023
21 d early
2022
53 d early
2021
54 d early
2020
30 d late
2019
57 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€123k▲ 18.2%
2020 · €104k
2018: €180k
2019: €145k
2020: €104k
2018 → 2021
EBIT margin
14.1%▲ 17.0pp
2020 · -2.9%
2018: 8.2%
2019: -12.3%
2020: -2.9%
2018 → 2021
Net result
€-15k▼ 147%
2024 · €-6k
2018: €11k
2019: €-19k
2020: €-5k
2021: €16k
2022: €-36k
2023: €-11k
2024: €-6k
2018 → 2025
Working capital
€-55k▼ 34.4%
2024 · €-41k
2018: €4k
2019: €-8k
2020: €1k
2021: €26k
2022: €-29k
2023: €-23k
2024: €-41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€123k-
Equity€14k-€-22k€-33k▼ 50.6%€-39k▼ 18.7%€-54k▼ 39.0%
Operating result€17k-€-36k€-9k▲ 73.9%€-4k▲ 61.0%€-12k▼ 238%
Net result€16k-€-36k€-11k▲ 69.3%€-6k▲ 44.3%€-15k▼ 147%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12k
Fixed assets
€9k▼ 28.1%
Current assets
€3k▲ 152%
Key figures and ratios
EBITDA
€-9k▼
2024 · €-2k
Cash flow
€-12k▼
2024 · €-4k
Solvency
-455.7%▼
2024 · -278.2%
Current ratio
0.04▲
2024 · 0.02
Quick ratio
0.03▲
2024 · 0.01
Debt / equity
-1.22▲
2024 · -1.36
ROA
-127.8%▼
2024 · -43.9%
Interest coverage
-2.92▼
2024 · -0.65
Debt
€66k▲
2024 · €53k
Debt ≤ 1 year
€57k▲
2024 · €42k
Debt > 1 year
€9k▼
2024 · €11k
Staff costs
€17k▲
2024 · €17k
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€14k€12k▼
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€4k€2k▼
Other tangible fixed assets26€9k€7k▼
Current assets29/58€1k€3k▲
Stocks and contracts in progress3€659€836▲
Stocks30/36€659€836▲
Cash at bank and in hand54/58€345€2k▲
Equity and liabilities
Total equity and liabilities10/49€14k€12k▼
Equity10/15€-39k€-54k▼
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€52€52=
Profit (loss) carried forward14€-61k€-76k▼
Amounts payable17/49€53k€66k▲
Amounts payable after more than one year17€11k€9k▼
Financial debts170/4€8k-
Other amounts payable178/9€3k€9k▲
Amounts payable within one year42/48€42k€57k▲
Current portion of amounts payable after more than one year42€5k€7k▲
Financial debts43€7k€5k▼
Credit institutions430/8€7k€5k▼
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Taxes, remuneration and social security45€9k€14k▲
Taxes450/3€8k€13k▲
Remuneration and social security454/9€494€626▲
Other amounts payable47/48€11k€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€17k€17k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€17k€13k▼
Operating profit (loss)9901€-4k€-12k▼
Financial income75/76B€1€6▲
Recurring financial income75€1€6▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-6k€-15k▼
Profit (loss) for the period9904€-6k€-15k▼
Profit (loss) for the period to be appropriated9905€-6k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-76k▼
Profit (loss) brought forward from the previous period14P€-55k€-61k▼
The notes to these accounts (3 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-36k ▼325%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.17
Current ratio from 1.11 to 3.17; short-term debt falls from €13k to €12k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.11
Current ratio from 0.48 to 1.11; short-term debt falls from €15k to €13k.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Middelkerke · 1 establishment unit since 2011
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.
Leopoldlaan 1188430 MiddelkerkeGround area
182 m²
Building footprint
240 m²
Volume, LiDAR
6,347 m³
Parcel 35011B0180/00X087, Flanders · tallest building 32.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
QUE PASA
since 20112.200.761.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00X087 | Flanders | 182 m² | 1 · 240 m² | 32.6 m · 9 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.200.761.437
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BE 0831.482.614
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BE 0772.432.378
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ARNORECA
BE 0864.511.807
Oosterzele · Eq €14k
Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 3,809 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-07-2011
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.