WhyNot Gastrobar

Active

Private limited companyfounded 20206 yrs activeNieuwland 1, 9000 Gent, BelgiumKBO/BCE: BE 0742.717.518

Summary

The computed 12-month bankruptcy probability of WhyNot Gastrobar is 6.1% (elevated). The 2025 annual accounts show negative equity (€-100k) and a net result of €-12k. Equity is shrinking by ~133.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 13305 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

17 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-98

Solvency0▼-2

Growth32▼-26

Track record100

Bankruptcy probability, 12 months

6.1% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.21 against 0.78 in 2023; short-term debt: 303.9% and cash: 20.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

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

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

-217%

Return on assets

-25.3%

Age of the figures

9 mo

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

21222325

2021 to 2025 · latest year €-100k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 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 · 4 filings

Deviation from the deadline

2025

39 d late

2023

2 d late

2022

on the day

2021

1 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2025, micro schema

Equity

€-100k▼ 707%

2023 · €-12k

2021: €310 2022: €-25k 2023: €-12k

2021 → 2025

Total assets

€46k▼ 16.3%

2023 · €55k

2021: €83k 2022: €57k 2023: €55k

2021 → 2025

Net result

€-12k

2023 · €13k

2021: €-2k 2022: €-25k 2023: €13k

2021 → 2025

Working capital

€-110k▼ 1,246%

2023 · €-8k

2021: €61 2022: €-23k 2023: €-8k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232025Trend

Equity€310-€-25k€-12k▲ 50.5%€-100k▼ 707%

Operating result€-823-€-23k▼ 2,648%€14k€-12k

Net result€-2k-€-25k▼ 1,399%€13k€-12k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result is €-12k in 2025, compared with €14k in 2023. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2025 in colour, 2023 as the grey bar beneath

Assets €46k

35.2%

64.8%

Fixed assets €16k ▼ 38.5%

Current assets €30k ▲ 4.0%

Key figures and ratios

2025 value · change against 2023

EBITDA

€-5k▼

2023 · €27k

Cash flow

€-5k▼

2023 · €25k

Solvency

-217.0%▼

2023 · -22.5%

Current ratio

0.21▼

2023 · 0.78

Quick ratio

0.16▼

2023 · 0.58

Debt to equity

-1.46▲

2023 · -5.44

ROA

-25.3%▼

2023 · 23.0%

Interest coverage

-28.40▼

2023 · 17.63

Debt

€146k▲

2023 · €67k

Debt ≤ 1 year

€140k▲

2023 · €37k

Debt > 1 year

€0▼

2023 · €31k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2023 · 46 lines

Balance sheet Code20232025

Assets

Total assets20/58€55k€46k▼

Fixed assets21/28€26k€16k▼

Intangible fixed assets21€3k€0▼

Tangible fixed assets22/27€23k€16k▼

Plant, machinery and equipment23€1k€4k▲

Furniture and vehicles24€4k€1k▼

Other tangible fixed assets26€18k€11k▼

Current assets29/58€29k€30k▲

Stocks and contracts in progress3€7k€7k=

Stocks30/36€7k€7k=

Amounts receivable within one year40/41€1k€6k▲

Trade receivables40€824€6k▲

Other amounts receivable41€355€274▼

Cash at bank and in hand54/58€19k€9k▼

Deferred charges and accrued income490/1€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€55k€46k▼

Equity10/15€-12k€-100k▼

Contributions10/11€2k€2k=

Outside capital11€2k-

Other1109/19€2k-

Profit (loss) carried forward14€-14k€-102k▼

Amounts payable17/49€67k€146k▲

Amounts payable after more than one year17€31k€0▼

Financial debts170/4€31k€0▼

Amounts payable within one year42/48€37k€140k▲

Current portion of amounts payable after more than one year42€11k€0▼

Trade debts44€2k€4k▲

Suppliers440/4€2k€4k▲

Taxes, remuneration and social security45€5k€1k▼

Taxes450/3€5k€1k▼

Remuneration and social security454/9-€0

Other amounts payable47/48€19k€135k▲

Accrued charges and deferred income492/3-€6k

Income statement Code20232025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€7k▼

Other operating charges640/8€1k€472▼

Gross operating margin9900€28k€-4k▼

Operating profit (loss)9901€14k€-12k▼

Financial income75/76B-€14

Recurring financial income75-€14

Financial charges65/66B€2k€170▼

Recurring financial charges65€2k€170▼

Profit (loss) for the period before taxes9903€13k€-12k▼

Profit (loss) for the period9904€13k€-12k▼

Profit (loss) for the period to be appropriated9905€13k€-12k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-14k€-102k▼

Profit (loss) brought forward from the previous period14P€-27k€-90k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2026

08-09

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 39 days late

2024

02-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 2 days late

2023

30-06

Financial Back to profitnet €13k

Net result €13k after 2 loss-making years.

31-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

Financial Weakest financial yearnet €-25k

Net result drops to €-25k, the lowest in the series; recovery starts the following year.

01-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 1 day late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Gent · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Nieuwland 19000 Gent

Ground area

68 m²

Building footprint

68 m²

Volume, LiDAR

814 m³

Parcel 44021A2334/00Y000, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

WhyNot Gastrobar

Nieuwland 1, 9000 GentFood and beverage service activities

since 20202.298.990.763

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44021A2334/00Y000	Flanders	68 m²	1 · 68 m²	15.3 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Gent2.298.990.763

1 permission

Toelating · Eetgelegenheid · since 06-04-2020

Similar companies · same sector, comparable size

RADOTRANS

BE 0642.845.922

Geraardsbergen · Eq €306

Bertha

BE 0749.549.682

Sint-Truiden · Eq €315

Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 569 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

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