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ASWAN

Active
Private limited company (pre-2019)founded 1998active for 28 yearsStationsstraat 19, 9880 Aalter, BelgiumKBO/BCE: BE 0462.874.991
Summary

The computed 12-month bankruptcy probability of ASWAN is 4.7% (elevated). The 2024 annual accounts show equity of €20,170 and a net result of -€3,339. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 66% of 18,734 sector peers (NACE 56, financial year 2024). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 13-03-1998 Normal situation
Activity
Limited-service restaurants, excluding mobile food services NACE 56112and 1 other
Establishment unit
2.086.524.537 9880 Aalter, since 27-04-1998
Financial year end
31 December
Peppol
Reachable since 10-09-2026

Board and ownership

Board
  • El-Sakaan SalahDirector

Financial position

38 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.7%
Annual accounts 2024
Gross margin
€519
▼ 97.5%
Turnover
≈ €5,800
estimated
Loss
€3,339
Equity
€20,170
▼ 14.2%
Total assets
€42,555
▲ 44.6%
  • 2025 accounts not filed, 93 days past the deadline
Filed on 23-03-2026
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 235 days late; 3 of the last 3 accounts lateSize: total assets €42,555Sector: Food and beverage service activities (NACE 56)lowers riskFounded in 1998Show the evidence

Checked score

Score 2024
38 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 36% of micro companies in food and beverage service (NACE 56)
Financial strength · tick: 2023
Weak
Solvency 72-28
equity 47.4% of total assets
Liquidity 36-9
short-term debt 52.6% · cash 9.8%
Profitability 9-91
return on assets -7.8%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,778 companies, NACE 56, micro)
Last 24 months 12-2024: 1.5% 01-2025: 1.5%● unchanged vs 12-2024lowest value 02-2025: 1.5%● unchanged vs 01-2025lowest value 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.8%▲ +0.3 percentage points vs 06-2025 08-2025: 1.9%▲ +0.1 percentage points vs 07-2025 09-2025: 2.0%▲ +0.1 percentage points vs 08-2025 10-2025: 2.5%▲ +0.5 percentage points vs 09-2025 11-2025: 2.5%● unchanged vs 10-2025 12-2025: 3.1%▲ +0.6 percentage points vs 11-2025 01-2026: 6.0%▲ +2.9 percentage points vs 12-2025 02-2026: 6.0%● unchanged vs 01-2026 03-2026: 6.2%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 4.0%▼ -2.2 percentage points vs 03-2026 05-2026: 4.0%● unchanged vs 04-2026 06-2026: 3.7%▼ -0.3 percentage points vs 05-2026 07-2026: 4.0%▲ +0.3 percentage points vs 06-2026 08-2026: 4.2%▲ +0.2 percentage points vs 07-2026 09-2026: 3.9%▼ -0.3 percentage points vs 08-2026 10-2026: 4.7%▲ +0.8 percentage points vs 09-2026 11-2026: 4.7%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.7 (4.11 in 2023), above the usual 1.5. Short-term debt is 52.6% and cash 9.8% of total assets. However, 52.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 66% of them on solvency, 30% on liquidity, 21% on profitability and 28% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 235 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1998
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €42,555
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 235 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-03-2026, 235 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
235 days late
2023
107 days late
2022
32 days late
2021
82 days late
2019
122 days late
2018
153 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 122 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: 6th oldest company in Aalter, Accommodation and food service sectorin the Checked rankings No. 6 View

Recent changes

  1. · Gazette deed Resignations & appointmentsPartner resignation
  2. · Gazette deed Resignations & appointments
  3. · Gazette deed Legal-form change · Resignations & appointments
All 20 events

Comparable companies

These companies have the same main activity as ASWAN: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €36,200 and €48,500, founded between 1995 and 2001.

CompanyTotal assetsGross margin
ASWAN Aalter€42,555€519
COTE MOLIERE Ukkel€48,110-€30,921
A.B. Trading Antwerpen€48,527-€7,317
LE NOUVEAU MATIN Anderlecht€42,538-€8,080
LES FRERES SEN Brussel€37,381€413
TD THINK DIFFERENT Verviers€36,189€153
Saran Pritam Project Elsene€41,227-€454
Full comparison

Key facts about ASWAN

What is the company number of ASWAN?
The company number of ASWAN is 0462.874.991. The VAT number is the same number with BE in front: BE 0462.874.991.
Where is ASWAN based?
The registered office is at Stationsstraat 19, 9880 Aalter.Company details
What does ASWAN do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of ASWAN?
The legal form of ASWAN is Private limited company (pre-2019) (BVBA).
When was ASWAN founded?
ASWAN was founded on 13-03-1998.
Is ASWAN still active?
Yes, ASWAN is an active enterprise in the KBO register.
What is the turnover of ASWAN?
The turnover in financial year 2024 is ≈ €5,800. This figure is estimated from the gross margin of €519 and 135 comparable companies (NACE 56112). It probably lies between €3,600 and €9,800. It is a rough estimate.Financials
Is ASWAN profitable?
In financial year 2024, ASWAN made a loss of €3,339.
Where can I find the annual accounts of ASWAN?
ASWAN filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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