WHY NOT BURGER
ActiveThe computed 12-month bankruptcy probability of WHY NOT BURGER is 3.7% (moderate). The 2025 annual accounts show equity of €93k and a net result of €6k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 13270 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-11
Solvency100▲+10
Growth35=
Track record82
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 4.81 against 2.49 in 2024; short-term debt: 14.3% and cash: 11.8% of total assets), and 22% of the assets are financed with debt.
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 · Young company
A young company has little track record yet and statistically fails more often than an established 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
78%
Return on assets
5.2%
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 07-04-2026, 115 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
115 d early
2024
104 d early
2023
93 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€194k▼ 3.8%
2024 · €202k
2023: €266k
2024: €202k
2023 → 2025
EBIT margin
5.4%▼ 5.6pp
2024 · 11.0%
2023: 34.2%
2024: 11.0%
2023 → 2025
Net result
€6k▼ 66.9%
2024 · €19k
2023: €66k
2024: €19k
2023 → 2025
Working capital
€65k▲ 30.9%
2024 · €50k
2023: €31k
2024: €50k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€266k-€202k▼ 24.3%€194k▼ 3.8%
Equity€71k-€87k▲ 22.8%€93k▲ 7.1%
Operating result€91k-€22k▼ 75.7%€10k▼ 52.9%
Net result€66k-€19k▼ 71.6%€6k▼ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 53% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€37k▼ 27.2%
Current assets
€83k▼ 1.0%
Equity and liabilities €120k
Equity
€93k▲ 7.1%
Debt
€26k▼ 44.3%
The debt ratio falls from 35.2% to 22.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €32k
Cash flow
€20k▼
2024 · €29k
Solvency
78.0%▲
2024 · 64.8%
Current ratio
4.81▲
2024 · 2.49
Quick ratio
4.81▲
2024 · 2.49
Debt / equity
0.28▼
2024 · 0.54
ROE
6.6%▼
2024 · 21.5%
ROA
5.2%▼
2024 · 13.9%
Interest coverage
16.86▼
2024 · 56.33
Debt
€26k▼
2024 · €47k
Debt ≤ 1 year
€17k▼
2024 · €33k
Debt > 1 year
€9k▼
2024 · €14k
Income taxes
€3k▲
2024 · €3k
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€134k€120k▼
Fixed assets21/28€51k€37k▼
Tangible fixed assets22/27€51k€37k▼
Plant, machinery and equipment23€2k€946▼
Furniture and vehicles24€49k€36k▼
Current assets29/58€83k€83k▼
Amounts receivable within one year40/41€69k€68k▼
Trade receivables40€280€0▼
Other amounts receivable41€69k€68k▼
Cash at bank and in hand54/58€14k€14k▲
Deferred charges and accrued income490/1€96€76▼
Equity and liabilities
Total equity and liabilities10/49€134k€120k▼
Equity10/15€87k€93k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€85k€91k▲
Amounts payable17/49€47k€26k▼
Amounts payable after more than one year17€14k€9k▼
Financial debts170/4€14k€9k▼
Amounts payable within one year42/48€33k€17k▼
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€23k€8k▼
Taxes450/3€23k€8k▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€0€0=
Income statement
Code20242025
Turnover70€202k€194k▼
Goods, raw materials, services and sundry goods60/61€161k€170k▲
Remuneration, social security and pensions62€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€47k€30k▼
Operating profit (loss)9901€22k€10k▼
Financial income75/76B€6€449▲
Recurring financial income75€6€449▲
Financial charges65/66B€569€1k▲
Recurring financial charges65€569€1k▲
Profit (loss) for the period before taxes9903€22k€9k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€19k€6k▼
Profit (loss) for the period to be appropriated9905€19k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€91k▲
Profit (loss) brought forward from the previous period14P€66k€85k▲
The notes to these accounts (6 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €6k ▼66.9%
Net result drops to €6k, the lowest in the series.
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
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.
Directors · office · real estate
Directors
1 act for this company is 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, Aiseau-Presles · 1 establishment unit since 2023
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.
Rue de Golias(PR) 166250 Aiseau-PreslesGround area
1,198 m²
Building footprint
218 m²
Volume, LiDAR
608 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WHY NOT BURGER
since 20232.350.770.353
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52057C0099/00A004 | Wallonia | 1,066 m² | 1 · 152 m² | - |
| 52013A0274/00V005 | Wallonia | 132 m² | 1 · 67 m² | 10.9 m · 3 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 siteChâtelet2.350.770.353
Similar companies · same sector, comparable size
Au Fief d'Auclain
BE 0425.955.704
Bouillon · Eq €93k
BALLO 24
BE 0568.523.532
Sint-Truiden · Eq €93k
Cosiness Europe
BE 0565.931.949
Ukkel · Eq €93k
SOMAR
BE 0454.781.827
Bornem · Eq €93k
Alain Goditiabois
BE 0555.920.955
Oosterzele · Eq €93k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 7,914 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-2023
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.