AR KITCHEN

Active

Private limited companyfounded 20214 yrs activeJules Lahayestraat 157, 1090 Jette, BelgiumKBO/BCE: BE 0779.532.877

Summary

The computed 12-month bankruptcy probability of AR KITCHEN is 9.7% (elevated). The 2024 annual accounts show equity of €17k and a net result of €-6k. Equity is growing by ~59.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

38 / 100

Weak

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

Axes · tick = 2023

Profitability2▼-96

Solvency92▲+10

Growth35▼-43

Track record94

Bankruptcy probability, 12 months

9.7% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.27 against 1.5 in 2023; short-term debt: 33.5% and cash: 10.1% of total assets), and 33.5% 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

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

Higher-failure-rate region

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

KBO · registered office

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

66.5%

Return on assets

-24.9%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

8 d early

2023

19 d late

2022

14 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 2024, micro schema

Turnover

€146k▼ 35.7%

2023 · €227k

2023: €227k

2023 → 2024

EBIT margin

-4.3%▼ 19.2pp

2023 · 14.8%

2023: 14.8%

2023 → 2024

Net result

€-6k

2023 · €27k

2022: €-6k 2023: €27k

2022 → 2024

Working capital

€2k▼ 73.5%

2023 · €9k

2022: €-15k 2023: €9k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Turnover€227k€146k▼ 35.7%

Equity€-3k-€24k€17k▼ 27.2%

Operating result€-6k-€34k€-6k

Net result€-6k-€27k€-6k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €6k after €34k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €26k

57.4%

42.6%

Fixed assets €15k ▲ 0.8%

Current assets €11k ▼ 58.8%

Equity and liabilities €26k

66.5%

33.5%

Equity €17k ▼ 27.2%

Debt €9k ▼ 51.4%

Debt's share of the balance-sheet total falls from 43.0% to 33.5%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-5k▼

2023 · €41k

Cash flow

€-6k▼

2023 · €35k

Current ratio

1.27▼

2023 · 1.50

Quick ratio

0.87▼

2023 · 1.45

Debt to equity

0.50▼

2023 · 0.75

ROE

-37.4%▼

2023 · 114.4%

ROA

-24.9%▼

2023 · 65.2%

Interest coverage

-40.19▼

2023 · 357.53

Debt ≤ 1 year

€9k▼

2023 · €18k

Income taxes

€21▼

2023 · €6k

Staff costs

€11k▲

2023 · €232

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 · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€42k€26k▼

Fixed assets21/28€15k€15k▲

Tangible fixed assets22/27€15k€15k▲

Plant, machinery and equipment23€6k€6k▼

Furniture and vehicles24€7k€8k▲

Other tangible fixed assets26€1k€1k=

Current assets29/58€27k€11k▼

Stocks and contracts in progress3€890€3k▲

Stocks30/36€890€3k▲

Amounts receivable within one year40/41€16k€5k▼

Trade receivables40€8k-

Other amounts receivable41€8k€5k▼

Cash at bank and in hand54/58€10k€3k▼

Equity and liabilities

Total equity and liabilities10/49€42k€26k▼

Equity10/15€24k€17k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€21k€15k▼

Amounts payable17/49€18k€9k▼

Amounts payable within one year42/48€18k€9k▼

Trade debts44€10k€2k▼

Suppliers440/4€10k€2k▼

Taxes, remuneration and social security45€6k€6k▲

Taxes450/3€6k€6k▲

Other amounts payable47/48€2k€327▼

Income statement Code20232024

Turnover70€227k€146k▼

Non-recurring operating income76A€141€35▼

Goods, raw materials, services and sundry goods60/61€184k€138k▼

Remuneration, social security and pensions62€232€11k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€852▼

Other operating charges640/8€3k€3k▲

Non-recurring operating charges66A€885€929▲

Gross operating margin9900€45k€10k▼

Operating profit (loss)9901€34k€-6k▼

Financial income75/76B€6€1▼

Recurring financial income75€6€1▼

Financial charges65/66B€116€136▲

Recurring financial charges65€116€136▲

Profit (loss) for the period before taxes9903€34k€-6k▼

Income taxes67/77€6k€21▼

Profit (loss) for the period9904€27k€-6k▼

Profit (loss) for the period to be appropriated9905€27k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€21k€15k▼

Profit (loss) brought forward from the previous period14P€-6k€21k▲

The notes to these accounts (5 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 6Financial 3Filings 3

2025

23-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-6k ▼124%

Net result drops to €-6k, the lowest in the series.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

31-12

Financial Back to profitnet €27k

Net result €27k after one loss-making year.

31-12

Financial Liquidity times 5current ratio 1.50

Current ratio from 0.29 to 1.50; short-term debt falls from €21k to €18k.

14-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 14 days late

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

Directors · office · real estate

Directors

2 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, Jette · 1 establishment unit since 2021

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.

Jules Lahayestraat 1571090 Jette

Ground area

70 m²

Building footprint

68 m²

Volume, LiDAR

487 m³

Parcel 21463D0326/00F000, Brussels · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

AR KITCHEN

Jules Lahayestraat 157, 1090 JetteLimited-service restaurants

since 20212.325.872.829

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21463D0326/00F000	Brussels	70 m²	1 · 68 m²	9.5 m · 3 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

Jette2.325.872.829

1 permission

Toelating · Eetgelegenheid · since 10-01-2022

Similar companies · same sector, comparable size

Kapellen · Eq €17,351

Y & N COMPANY

BE 0736.872.178

Antwerpen · Eq €17,375

JA GROUP

BE 0798.941.884

Anderlecht · Eq €17,377

GELATO GIULIANO

BE 0762.430.490

Antwerpen · Eq €17,343

Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,906 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

Founded30-12-2021

Fiscal year end31-12

Activities, NACEBEL 2025

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

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

Contact details

1 entry

E-mail:houssineach@outlook.be

Enterprise