ALBARAKA MARKET

Active

Private limited company (pre-2019)founded 20197 yrs activeJosaphatstraat 65, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0719.383.573

The computed 12-month bankruptcy probability of ALBARAKA MARKET is 3.1% (moderate). The 2024 annual accounts show equity of €63k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability79▲+9

Solvency96▲+43

Growth52=

Track record100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3.5k at 30 days only on tighter terms

Liquidity ample (current ratio 2.52 against 1.39 in 2022; short-term debt: 29.3% and cash: 33.5% of total assets), and 29.3% of the assets are financed with debt.

How do we compute the score and the probability?

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

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

70.7%

Return on assets

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2021 and did not fall compared with 2022. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

20212224

2020 to 2024 · latest year €63k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

132 d late

2022

64 d late

2021

71 d late

2020

117 d late

← before the deadline after the deadline →

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 2024, micro schema

Turnover

€149k

EBIT margin

16.2%

Net result

€7k▲ 1,412%

2022 · €469

2020: €24k 2021: €11k 2022: €469

2020 → 2024

Working capital

€40k▲ 309%

2022 · €10k

2020: €-2k 2021: €9k 2022: €10k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2020202120222024Trend

Turnover€149k-

Equity€-1k-€9k€10k▲ 5.1%€63k▲ 550%

Operating result€24k-€15k▼ 37.2%€3k▼ 81.6%€7k▲ 159%

Net result€24k-€11k▼ 55.1%€469▼ 95.6%€7k▲ 1,412%

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

Result per fiscal year

Operating resultNet result

The operating result is €7k in 2024, compared with €3k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €89k

26.1%

73.9%

Fixed assets €23k

Current assets €66k

Equity and liabilities €89k

70.7%

29.3%

Equity €63k▲ 550%

Debt €26k▲ 5.0%

The debt ratio falls from 72.0% to 29.3%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2022

EBITDA

€11k▲

2022 · €3k

Cash flow

€10k▲

2022 · €1k

Solvency

70.7%▲

2022 · 28.0%

Current ratio

2.52▲

2022 · 1.39

Quick ratio

1.28▲

2022 · 1.24

Debt / equity

0.41▼

2022 · 2.57

ROE

11.3%▲

2022 · 4.8%

ROA

8.0%▲

2022 · 1.4%

Interest coverage

91.89▲

2022 · 20.17

Debt

€26k▲

2022 · €25k

Debt ≤ 1 year

€26k▲

2022 · €25k

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 · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€35k€89k▲

Fixed assets21/28-€23k

Tangible fixed assets22/27-€21k

Furniture and vehicles24-€21k

Financial fixed assets28-€3k

Current assets29/58€35k€66k▲

Stocks and contracts in progress3€4k€32k▲

Stocks30/36€4k€32k▲

Amounts receivable within one year40/41€22k€4k▼

Trade receivables40€19k-

Other amounts receivable41€3k€4k▲

Cash at bank and in hand54/58€8k€30k▲

Deferred charges and accrued income490/1€810-

Equity and liabilities

Total equity and liabilities10/49€35k€89k▲

Equity10/15€10k€63k▲

Contributions10/11€1€1=

Profit (loss) carried forward14€10k€63k▲

Amounts payable17/49€25k€26k▲

Amounts payable within one year42/48€25k€26k▲

Trade debts44€5k€12k▲

Suppliers440/4€5k€12k▲

Taxes, remuneration and social security45€13k€15k▲

Taxes450/3€13k€15k▲

Other amounts payable47/48€7k-

Income statement Code20222024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€567€3k▲

Other operating charges640/8€5k€4k▼

Gross operating margin9900€9k€15k▲

Operating profit (loss)9901€3k€7k▲

Financial charges65/66B€166€115▼

Recurring financial charges65€166€115▼

Profit (loss) for the period before taxes9903€3k€7k▲

Income taxes67/77€2k-

Profit (loss) for the period9904€469€7k▲

Profit (loss) for the period to be appropriated9905€469€7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€10k€63k▲

Profit (loss) brought forward from the previous period14P€9k€56k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

10-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 132 days late

2023

03-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 64 days late

2022

31-12

Financial Weakest financial yearnet €469 ▼95.6%

Net result drops to €469, the lowest in the series; recovery starts the following year.

10-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 71 days late

2021

25-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 117 days late

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

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

12-09-2024 Eric MATUSILA MAYEMBA: Resigned as Director

31-03-2022 KARAGÔZ Hilmi: Resigned as Director

Location & real-estate footprint

Registered office, Schaarbeek · 1 establishment unit since 2023

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.

Josaphatstraat 651030 Schaarbeek

Ground area

242 m²

Building footprint

240 m²