Bilgin Groep

Active

Private limited companyfounded 200521 yrs activeStationsstraat 45, 9160 Lokeren, BelgiumKBO/BCE: BE 0875.251.190

The computed 12-month bankruptcy probability of Bilgin Groep is 1.8% (moderate). The 2024 annual accounts show equity of €266k and a net result of €50k. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 18937 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

93 / 100

Excellent▼ -7 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability95▼-5

Solvency98▲+2

Growth78=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 2.91 against 2.85 in 2023), and 43% 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.

−lowers risk+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 →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

33 d early

2023

44 d late

2022

56 d late

2021

26 d early

2020

23 d late

2019

7 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

Equity

€266k▲ 23.3%

2023 · €216k

2018: €25k 2019: €9k 2020: €48k 2021: €86k 2022: €102k 2023: €216k

2018 → 2024

Total assets

€468k▲ 11.1%

2023 · €421k

2018: €116k 2019: €91k 2020: €177k 2021: €184k 2022: €305k 2023: €421k

2018 → 2024

Net result

€50k▼ 55.8%

2023 · €114k

2018: €89 2019: €-15k 2020: €39k 2021: €38k 2022: €17k 2023: €114k

2018 → 2024

Working capital

€304k▲ 15.7%

2023 · €263k

2018: €12k 2019: €915 2020: €32k 2021: €65k 2022: €89k 2023: €263k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€48k-€86k▲ 78.2%€102k▲ 19.3%€216k▲ 111%€266k▲ 23.3%

Operating result€50k-€53k▲ 4.6%€35k▼ 34.6%€153k▲ 342%€63k▼ 58.8%

Net result€39k-€38k▼ 3.1%€17k▼ 55.9%€114k▲ 587%€50k▼ 55.8%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 59% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €468k

99.1%

Fixed assets €4k▼ 73.8%

Current assets €463k▲ 14.4%

Equity and liabilities €468k

57.0%

43.0%

Equity €266k▲ 23.3%

Debt €201k▼ 1.9%

The debt ratio falls from 48.7% to 43.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€66k▼

2023 · €164k

Cash flow

€53k▼

2023 · €125k

Solvency

57.0%▲

2023 · 51.3%

Current ratio

2.91▲

2023 · 2.85

Quick ratio

2.82▲

2023 · 2.77

Debt / equity

0.75▼

2023 · 0.95

ROE

18.9%▼

2023 · 52.7%

ROA

10.8%▼

2023 · 27.0%

Interest coverage

6.27▼

2023 · 17.92

Debt

€201k▼

2023 · €205k

Debt ≤ 1 year

€159k▲

2023 · €142k

Debt > 1 year

€42k▼

2023 · €59k

Income taxes

€21k▼

2023 · €38k

Staff costs

€232k▼

2023 · €266k

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€421k€468k▲

Fixed assets21/28€16k€4k▼

Tangible fixed assets22/27€16k€4k▼

Plant, machinery and equipment23€2k€761▼

Furniture and vehicles24€14k€3k▼

Financial fixed assets28€117€117=

Current assets29/58€405k€463k▲

Stocks and contracts in progress3€11k€14k▲

Stocks30/36€11k€14k▲

Amounts receivable within one year40/41€309k€329k▲

Trade receivables40€202-

Other amounts receivable41€309k€329k▲

Cash at bank and in hand54/58€84k€106k▲

Deferred charges and accrued income490/1-€14k

Equity and liabilities

Total equity and liabilities10/49€421k€468k▲

Equity10/15€216k€266k▲

Contributions10/11€10k€10k=

Reserves13€18k€68k▲

Distributable reserves133€18k€68k▲

Profit (loss) carried forward14€188k€188k▲

Amounts payable17/49€205k€201k▼

Amounts payable after more than one year17€59k€42k▼

Financial debts170/4€59k€42k▼

Amounts payable within one year42/48€142k€159k▲

Current portion of amounts payable after more than one year42€35k€18k▼

Financial debts43-€44k

Credit institutions430/8-€44k

Trade debts44€46k€40k▼

Suppliers440/4€46k€40k▼

Taxes, remuneration and social security45€60k€58k▼

Taxes450/3€47k€40k▼

Remuneration and social security454/9€13k€18k▲

Accrued charges and deferred income492/3€3k-

Income statement Code20232024

Non-recurring operating income76A€27k€15k▼

Remuneration, social security and pensions62€266k€232k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€3k▼

Other operating charges640/8€17k€4k▼

Gross operating margin9900€447k€301k▼

Operating profit (loss)9901€153k€63k▼

Financial income75/76B€8k€19k▲

Recurring financial income75€8k€19k▲

Financial charges65/66B€9k€10k▲

Recurring financial charges65€9k€10k▲

Profit (loss) for the period before taxes9903€151k€72k▼

Income taxes67/77€38k€21k▼

Profit (loss) for the period9904€114k€50k▼

Profit (loss) for the period to be appropriated9905€114k€50k▼

Appropriation of the result

Profit (loss) to be appropriated9906€188k€238k▲

Profit (loss) brought forward from the previous period14P€74k€188k▲

Transfer to equity691/2-€50k

To other reserves6921-€50k

The notes to these accounts (11 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 15Financial 5Filings 10

2025

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

13-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 44 days late

2023

31-12

Financial Highest result since 2018net €114k ▲587%

Operating result €153k, net result €114k, both a record.

31-12

Financial Equity above €200kEq €216k ▲111%

4 profitable years in a row build equity to €216k.

25-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 56 days late

2022

31-12

Financial Equity above €100kEq €102k ▲19.3%

3 profitable years in a row build equity to €102k.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

23-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 23 days late

2020

31-12

Financial Back to profitnet €39k

Net result €39k after one loss-making year.

07-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 7 days late

2019

31-12

Financial Weakest financial yearnet €-15k ▼17511%

Net result drops to €-15k, the lowest in the series; recovery starts the following year.

31-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

22-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 22 days late

2016

13-06

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

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

Directors · office · real estate

Directors

5 directors, no change since 2024

DURDANE DÜLGER

Non-statutory director · since 12-06-2024

Current

Bilgin Mustafa

Director · since 09-01-2024

Current

Dülger Mustafa

Manager · since 09-08-2010

Not recently confirmed

Attak Muhammet

Werkend vennoot · since 14-06-2006

Not recently confirmed

12-06-2024 DURDANE DÜLGER: Appointed as Non-statutory director

12-06-2024 Bilgin Mustafa: Resigned as Non-statutory director

09-01-2024 Bilgin Mustafa: Appointed as Director

09-08-2010 Dülger Mustafa: Appointed as Manager

14-06-2006 Attak Muhammet: Appointed as Werkend vennoot

14-06-2006 Keçeçarik Hasan: Resigned as Werkend vennoot

Location & real-estate footprint

Registered office, Lokeren · 2 establishment units since 2018

establishment 1 of 2 establishment units 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.

Stationsstraat 459160 Lokeren

Ground area

168 m²

Building footprint

168 m²

Volume, LiDAR

1,902 m³

Parcel 46014A0678/00G002, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

Roland

Stationsstraat 45, 9160 LokerenCafés and bars

since 20182.271.493.738

Bar Clementine

Pr. Thuysbaertlaan 5, 9160 LokerenFood and beverage service activities

since 20232.345.858.985

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46014A0678/00G002 ProtectedTownscape or village viewStadskern LokerenSource ↗	Flanders	168 m²	1 · 168 m²	14.4 m · 4 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Recognitions · licences · registrations

Food safety, FASFC

2 sites

Lokeren2.271.493.738

1 permission

Toelating · Eetgelegenheid · since 31-01-2018

Lokeren2.345.858.985

1 permission

Toelating · Eetgelegenheid · since 11-07-2023

Similar companies · same sector, comparable size

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Pajottegem · Eq €267k

Of 20,234 companies in sector 56111 we hold annual accounts for 11,310. 7,840 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-07-2005

Fiscal year end31-12

Activities, NACEBEL

55302

56101Full-service restaurants

56102Limited-service restaurants

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

46321Wholesale of meat and meat products, excluding game and poultry

46322Wholesale trade

47221Retail sale of meat and meat products, excluding game and poultry

47222Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.