Turnover
≈ €330,000 estimated
The micro format states no turnover.
Bites
Lifetime
1 annual account with figurespeak €114,728 (2025)
€114,728
peak €4,069 (2025)
€4,069
peak €3,901 (2025)
€3,901
€131,000
Board1 name since 2025
1 directorSIU Kwan Juk
Documentsfilings and deeds
13-07-202618 days before the deadline
Key points
from the 2025 annual accountsDebts
€131,000 97% of the balance sheet
Financial debts 42%Suppliers 25%Taxes and wages 10%Other 23%
Of this, €81,895 falls due within a year.
Restructuring
2025
Branch taken over from GROUP SIU. Takeover on 27-08-2025.
Checked score
37
Weak
Financially stronger than 27% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.7% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 3.9%lowest value
03-2026: 4.0%▲ +0.1 percentage points vs 02-2026
04-2026: 4.4%▲ +0.4 percentage points vs 03-2026
05-2026: 4.6%▲ +0.2 percentage points vs 04-2026
06-2026: 4.9%▲ +0.3 percentage points vs 05-2026highest value
07-2026: 4.9%● unchanged vs 06-2026highest value
08-2026: 4.7%▼ -0.2 percentage points vs 07-2026
09-2026: 4.7%● unchanged vs 08-2026
10-2026: 4.7%● unchanged vs 09-2026
11-2026: 4.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2025
Sector: Food and beverage service activities (NACE 56)
Size: total assets €134,901
Liquidity: current ratio 0.57, cash €3,341
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 28% of them on solvency, 18% on liquidity and 34% on profitability.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 514 companies had the same profile as Bites has now. Each dot stands for 2 companies, two years later.
96.9%
were still trading
1.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Bites itself is higher: 4.7% within 12 months. It rests on far more data about Bites than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 514 companies, not a prediction for Bites. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Liquidity is insufficient, with a current ratio of 0.57, below 1. Short-term debt is 60.7% and cash 2.5% of total assets. 97.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
18 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- SIU Kwan Juk 250 sharesdeed of 27-08-2025
- SIU Kwan-Hi 250 sharesdeed of 27-08-2025
Recent changes
Transfer: GROUP SIU transfers a branch of activity to BITES
Issue of 500 shares · SIU Kwan Juk holds 250 shares · SIU Kwan-Hi holds 250 shares · General meeting of 31-07-2025 · Gazette deed
Demerger proposal: GROUP SIU splits off to BITES
Capital of €18,600, 100 shares · 100 shares · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018176732
Incorporation
Founder: SIU Kwan Juk · 100 shares · Appointment: SIU Kwan Juk (director) · published on 07-01-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bites Bruges | €134,901 | €114,728 | 2.9% | - |
| LGP ROESELARE Roeselare | €134,036 | €130,443 | 42.1% | - |
| FLORIDE OOSTENDE Ostend | €119,862 | €131,227 | 36.2% | - |
| SOHAIL KHAN Blankenberge | €125,586 | €130,270 | 23.4% | - |
| DALU Gistel | €152,024 | €137,607 | 36.1% | - |
| Da Gianni Kortrijk | €162,685 | €103,544 | 44.7% | - |
| Dilzey Ranst | €134,574 | €119,069 | 57.3% | - |
These companies have the same main activity as Bites: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €120,000 and €163,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 03-01-2025Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.368.295.6798000 Bruges, since 03-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 15-04-2025
Annual accounts 2025
- €134,901
- Employeeson 31-12-2025
- 3
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on Bites
The computed 12-month bankruptcy probability of Bites is 4.7% (elevated). The 2025 annual accounts show equity of €3,901 and a net result of €4,069.
Its solvency ranks better than 28% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Bites
- What is the company number of Bites?
- The company number of Bites is 1018.176.732. The VAT number is the same number with BE in front: BE 1018.176.732.
- Where is Bites based?
- The registered office is at Walplein 13, 8000 Bruges.Company details
- What does Bites do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Bites?
- Bites is a private limited company (BV).
- When was Bites founded?
- Bites was founded on 03-01-2025.
- Is Bites still active?
- Yes, Bites is an active enterprise in the KBO register.
- How many employees does Bites have?
- Bites had an average of 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Bites fall under?
- In its 2025 annual accounts, Bites states joint committee 302 (Hotels and catering).
- What is the turnover of Bites?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €114,728 and 87 comparable companies (NACE 56111). It probably lies between €280,000 and €410,000.
- Is Bites profitable?
- In financial year 2025, Bites made a profit of €4,069.
- Where can I find the annual accounts of Bites?
- Bites filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See whether the workforce is growing and whether people stay.Employer check
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