BELTUNA
ActiveBELTUNA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €5k. Equity is growing by ~40.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 3668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+33
Solvency37=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.08 in 2024; short-term debt: 88.1% and cash: 3.4% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.9%
Return on assets
1.4%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 10 filingsDeviation from the deadline
2025
17 d late
2024
28 d early
2023
54 d late
2022
28 d early
2021
46 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€40k▲ 13.1%
2024 · €35k
2018: €-12k
2019: €-3k
2020: €24k
2021: €6k
2022: €-3k
2023: €71k
2024: €35k
2018 → 2025
Total assets
€333k▲ 18.2%
2024 · €281k
2018: €21k
2019: €42k
2020: €70k
2021: €97k
2022: €232k
2023: €298k
2024: €281k
2018 → 2025
Net result
€5k
2024 · €-36k
2018: €-4k
2019: €10k
2020: €27k
2021: €-18k
2022: €-9k
2023: €74k
2024: €-36k
2018 → 2025
Working capital
€25k▲ 30.7%
2024 · €19k
2018: €-14k
2019: €-3k
2020: €10k
2021: €-11k
2022: €-30k
2023: €47k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€-3k€71k€35k▼ 50.5%€40k▲ 13.1%
Operating result€-13k-€-6k▲ 56.2%€93k€-29k€13k
Net result€-18k-€-9k▲ 51.0%€74k€-36k€5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13k after a loss of €29k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333k
Fixed assets
€14k▼ 8.7%
Current assets
€318k▲ 19.8%
Equity and liabilities €333k
Equity
€40k▲ 13.1%
Debt
€293k▲ 18.9%
The debt ratio rises from 87.6% to 88.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▲
2024 · €-26k
Cash flow
€6k▲
2024 · €-33k
Solvency
11.9%▼
2024 · 12.4%
Current ratio
1.09▲
2024 · 1.08
Quick ratio
0.70▼
2024 · 0.95
Debt / equity
7.39▲
2024 · 7.04
ROE
11.6%▲
2024 · -102.0%
ROA
1.4%▲
2024 · -12.7%
Interest coverage
1.82▲
2024 · -4.90
Debt
€293k▲
2024 · €246k
Debt ≤ 1 year
€293k▲
2024 · €246k
Income taxes
€162▼
2024 · €1k
Staff costs
€127k▲
2024 · €95k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€281k€333k▲
Fixed assets21/28€16k€14k▼
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€530€2k▲
Furniture and vehicles24€4k-
Other tangible fixed assets26-€3k
Financial fixed assets28€5k€5k=
Current assets29/58€266k€318k▲
Stocks and contracts in progress3€33k€113k▲
Stocks30/36€33k€113k▲
Amounts receivable within one year40/41€217k€191k▼
Trade receivables40€207k€189k▼
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€13k€11k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€281k€333k▲
Equity10/15€35k€40k▲
Contributions10/11€8k€8k=
Capital10€8k€8k=
Issued capital100€8k€8k=
Profit (loss) carried forward14€27k€32k▲
Amounts payable17/49€246k€293k▲
Amounts payable within one year42/48€246k€293k▲
Current portion of amounts payable after more than one year42€3k-
Trade debts44€218k€247k▲
Suppliers440/4€218k€247k▲
Taxes, remuneration and social security45€25k€45k▲
Taxes450/3€10k€18k▲
Remuneration and social security454/9€15k€28k▲
Other amounts payable47/48-€928
Income statement
Code20242025
Remuneration, social security and pensions62€95k€127k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€387€2k▲
Gross operating margin9900€69k€143k▲
Operating profit (loss)9901€-29k€13k▲
Financial income75/76B€70-
Recurring financial income75€70-
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€-34k€5k▲
Income taxes67/77€1k€162▼
Profit (loss) for the period9904€-36k€5k▲
Profit (loss) for the period to be appropriated9905€-36k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€32k▲
Profit (loss) brought forward from the previous period14P€63k€27k▼
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-36k ▼149%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Back to profitnet €74k
Net result €74k after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
21-10-2025
Bekar Ahmet: Resigned as Director
12-12-2024
Eryörük Ibrahim: Resigned as Managing director
15-10-2022
Sadettin Demirkaya: Resigned as Director
17-07-2020
Suleyman Cinar: Resigned as Managing director
17-07-2020
Suleyman Cinar: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 3 establishment units since 2014
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.
Charles Demeerstraat 11020 BrusselGround area
330 m²
Building footprint
211 m²
Volume, LiDAR
2,736 m³
3 parcels, Brussels · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Antwerpsesteenweg 363, 1000 Brussel
since 20142.229.239.647
Vaderlandsplein 21, 1030 Schaarbeek
since 20212.314.731.685
BELTUNA
since 20242.361.929.115
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0329/00Z004 | Brussels | 119 m² | - | - |
| 21904B0462/00G008 | Brussels | 111 m² | 1 · 86 m² | 17.5 m · 5 fl. |
| 21813D0523/00T018 | Brussels | 100 m² | 1 · 125 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
2 sitesBrussel2.229.239.647
Schaarbeek2.314.731.685
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded08-04-2014
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
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 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.beltuna.be
E-mail:info@beltuna.be