BELINAY
ActiveThe computed 12-month bankruptcy probability of BELINAY is 1.6% (moderate). The 2024 annual accounts show equity of €66k and a net result of €24k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 18942 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency99▲+84
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 0.32 in 2023; short-term debt: 22.8% and cash: 14% of total assets), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
31 d late
2022
75 d early
2021
29 d late
2020
30 d late
2019
117 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€66k
2023 · €-3k
2018: €21k
2019: €24k
2020: €60k
2021: €58k
2022: €51k
2023: €-3k
2018 → 2024
Total assets
€90k▲ 206%
2023 · €29k
2018: €22k
2019: €27k
2020: €76k
2021: €76k
2022: €67k
2023: €29k
2018 → 2024
Net result
€24k
2023 · €-9k
2018: €2k
2019: €3k
2020: €36k
2021: €11k
2022: €-7k
2023: €-9k
2018 → 2024
Working capital
€51k
2023 · €-13k
2018: €17k
2019: €22k
2020: €60k
2021: €58k
2022: €51k
2023: €-13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€58k▼ 3.7%€51k▼ 12.1%€-3k€66k
Operating result€44k-€15k▼ 65.4%€-8k€-9k▼ 4.3%€24k
Net result€36k-€11k▼ 70.8%€-7k€-9k▼ 28.3%€24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €24k after a loss of €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90k
Fixed assets
€18k▼ 21.5%
Current assets
€72k▲ 1,070%
Equity and liabilities €90k
Equity
€66k
Debt
€24k
Debt finances 26.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€34k▲
2023 · €-2k
Cash flow
€34k▲
2023 · €-2k
Solvency
73.7%▲
2023 · -9.7%
Current ratio
3.49▲
2023 · 0.32
Quick ratio
3.44▲
2023 · 0.20
Debt / equity
0.36▲
2023 · -11.32
ROE
36.6%
ROA
26.9%▲
2023 · -30.8%
Interest coverage
27.69▲
2023 · -5.60
Debt
€24k▼
2023 · €32k
Debt ≤ 1 year
€21k▲
2023 · €19k
Debt > 1 year
€3k▼
2023 · €13k
Staff costs
€15k▼
2023 · €16k
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 2023
Balance sheet
Code20232024
Assets
Total assets20/58€29k€90k▲
Fixed assets21/28€23k€18k▼
Tangible fixed assets22/27€23k€18k▼
Furniture and vehicles24€23k€17k▼
Leasing and similar rights25-€933
Current assets29/58€6k€72k▲
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€2k€57k▲
Trade receivables40€2k€24k▲
Other amounts receivable41-€33k
Cash at bank and in hand54/58€1k€13k▲
Deferred charges and accrued income490/1€600€1k▲
Equity and liabilities
Total equity and liabilities10/49€29k€90k▲
Equity10/15€-3k€66k▲
Contributions10/11€6k€19k▲
Reserves13-€40k
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Distributable reserves133-€38k
Profit (loss) carried forward14€-9k€8k▲
Amounts payable17/49€32k€24k▼
Amounts payable after more than one year17€13k€3k▼
Financial debts170/4€13k€3k▼
Amounts payable within one year42/48€19k€21k▲
Current portion of amounts payable after more than one year42€10k€10k=
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€3k€329▼
Remuneration and social security454/9€3k€2k▼
Income statement
Code20232024
Remuneration, social security and pensions62€16k€15k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k▲
Other operating charges640/8€11k€2k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€24k€55k▲
Operating profit (loss)9901€-9k€24k▲
Financial income75/76B€11€2k▲
Recurring financial income75€11€2k▲
Financial charges65/66B€366€1k▲
Recurring financial charges65€366€1k▲
Profit (loss) for the period before taxes9903€-9k€24k▲
Profit (loss) for the period9904€-9k€24k▲
Profit (loss) for the period to be appropriated9905€-9k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€8k▲
Profit (loss) brought forward from the previous period14P-€-16k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
31-12
Financial
Liquidity times 11current ratio 3.49
Current ratio from 0.32 to 3.49.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €36k ▲1107%
Operating result €44k, net result €36k, both a record.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 150 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 2025
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.
30-09-2025
Mohsen Mohamed El-Shekh, Salar: Resigned as Director
16-11-2015
Tuncer Cumhur: Resigned as Manager
31-12-2014
ALTINSOY Emel: Resigned as Manager
31-12-2014
COSKUN Ahmet: Resigned as Manager
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 2012
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.
Schaluin 1113200 AarschotGround area
209 m²
Building footprint
135 m²
Volume, LiDAR
895 m³
Parcel 24001B0177/00V000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Belinay
since 20122.213.896.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24001B0177/00V000 | Flanders | 209 m² | 1 · 135 m² | 12.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteAarschot2.213.896.524
Dual-learning approval
2 live approvalsMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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GMCD
BE 0567.832.258
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HENRY'S FDB
BE 0785.896.671
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REGINA'S
BE 0548.732.067
Sint-Lambrechts-Woluwe · Eq €66k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-10-2012
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.