Turnover
≈ €330,000 estimated
The micro format states no turnover.
Bites
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- €114,728
- €4,069
- €3,901
- €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.
Financials
Annual accounts 2025
micro format, filed on 13-07-2026, 18 days before the deadline€114,728
€16,197
€4,069
-€35,559
2.9%
0.57
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €280,000 and €410,000.
Balance sheet
balance sheet total €134,901 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
2.9%
Higher than 28% of 17,158 companies in 2025.
0.57
Higher than 27% of 16,582 companies in 2025.
3.0%
Higher than 46% of 16,665 companies in 2025.
Bites
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€48,260
Staff costs divided by the average number of full-time equivalents.
+3 people
people who joined
people who left
In 2025, 16 people joined and 13 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
134,901 | |
20 |
7,418 | |
21/28 |
81,147 | |
22/27 |
81,147 | |
22 |
50,694 | |
23 |
17,214 | |
24 |
8,493 | |
25 |
4,745 | |
29/58 |
46,336 | |
3 |
11,500 | |
30/36 |
11,500 | |
40/41 |
23,696 | |
40 |
1,189 | |
41 |
22,507 | |
54/58 |
3,341 | |
490/1 |
7,799 | |
| Balance sheet: equity and liabilities | ||
10/49 |
134,901 | |
10/15 |
3,901 | |
10/11 |
1,204 | |
13 |
2,697 | |
133 |
2,697 | |
17/49 |
131,000 | |
17 |
49,105 | |
170/4 |
49,105 | |
42/48 |
81,895 | |
42 |
19,170 | |
43 |
5,674 | |
430/8 |
5,674 | |
44 |
32,970 | |
440/4 |
32,970 | |
45 |
13,302 | |
450/3 |
3,191 | |
454/9 |
10,111 | |
47/48 |
10,778 | |
| Income statement | ||
9900 |
114,728 | |
62 |
82,041 | |
630 |
13,552 | |
640/8 |
2,937 | |
9901 |
16,197 | |
75/76B |
752 | |
75 |
752 | |
65/66B |
10,205 | |
65 |
10,205 | |
9903 |
6,744 | |
67/77 |
2,675 | |
9904 |
4,069 | |
9905 |
4,069 | |
| Appropriation of the result | ||
9906 |
2,435 | |
14P |
-1,634 | |
691/2 |
2,435 | |
6921 |
2,435 | |
| Social balance sheet | ||
9087 |
1.7 | |
Hours worked1013 |
3,636 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00307795 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 29,749 | ||
| 17,622 | ||
| 94,301 | ||
| -35,559 | ||
| 2.9% | ||
| 0.57 | ||
| 0.43 | ||
| 33.58 | ||
| 104.3% | ||
| 3.0% | ||
| 2.92 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 1 |
| part-time | 2 |
| in full-time equivalents | 1.6 |
| 1.7 | |
| On a permanent contract | 1 |
| Joined | 16 |
| Left | 13 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €94,301 |
| €13,552 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Bites
Debt's share of the balance-sheet total is 97.1%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 03-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 13-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 07-01-2025
Mandates through the years
1 name, the dashed line is todaySIU Kwan Juk
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SIU Kwan Juk
- Director (not named in the articles), from 03-01-2025 to date
Control
Capital
- Contribution
- €1,204.01
- Shares
- 100
- Contribution per share
- €12.04
- Equity per share
- €39.01 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 07-01-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 16:00
Shareholders
Stated in the deed
deed of 27-08-2025 ↗
- SIU Kwan Juk 250 shares
- SIU Kwan-Hi 250 shares
At incorporation
deed of 07-01-2025 ↗
- SIU Kwan Juk sole founder · 100% at incorporation
Capital transactions
Capital over time
- 12-06-2025 Capital stated in the deed · 100 shares
- 07-01-2025 Incorporation · 100 shares
Network & group
No group
Bites has no parent and no holdings in its annual accounts. SIU Kwan Juk is the only director.
Acquisitions and mergers
1 transactionReceived a branch of activity from:GROUP SIU
Timeline
Timeline
6 events since 2025Capital
Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 18 days before the deadline
2025
Transfer: GROUP SIU transfers a branch of activity to BITESIssue of 500 shares · SIU Kwan Juk holds 250 shares · SIU Kwan-Hi holds 250 shares · General meeting of 31-07-20254 points ▸
- General meeting, 31-07-2025
- SIU Kwan Juk holds 250 shares
- SIU Kwan-Hi holds 250 shares
- Auditor report, 17-07-2025
- The deed holds 23 more points.
Demerger proposal: GROUP SIU splits off to BITESCapital of €18,600, 100 shares · 100 shares5 points ▸
- Incorporation, 28-06-2017
- Capital, €18,600, 100 shares
- Incorporation, 23-12-2024
- 100 shares
- Accounting effect, 01-01-2025
- The deed holds 3 more points.
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018176732
IncorporationFounder: SIU Kwan Juk · 100 shares · Appointment: SIU Kwan Juk (director) · published on 07-01-20254 points ▸
- Founder, SIU Kwan Juk
- 100 shares
- Registered office clause, Walplein 13, 8000 Brugge
- Director appointment, SIU Kwan Juk (director (not named in the articles))
- The deed holds 3 more points.
First establishment Walplein 13, Bruges
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 3 January 2025, Bites was incorporated as a private limited company by one natural person.12 SIU Kwan Juk has served as director since 2025.3 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1018.176.732
- VAT number
- BE 1018.176.732
- Peppol ID
- 0208:1018176732
- Other Peppol ID
- 9925:BE1018176732
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-01-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 16:00deed of 07-01-2025 (in Dutch)
- Peppol
- Reachable since 15-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Bites in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-01-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-01-2025 (in Dutch)
Activities
NACEBEL 2025VAT activities
56111
Full-service restaurants main activity
Social security (RSZ) activities
56111
Full-service restaurants main activity
Joint committees annual accounts 2025
JC 302
Hotels and catering
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitvoeren van alle horeca-activiteiten; De uitbating van horeca-instellingen,drankgelegenheden,cafés,restaurants,exotische…”deed of 07-01-2025 (in Dutch)
17 activities
- Het uitvoeren van alle horeca-activiteiten
- De uitbating van horeca-instellingen,drankgelegenheden,cafés,restaurants,exotische eethuizen,snackbars,fast-foodzaken,frituren,tavernes,cafetaria’s,feestzalen,traiteurdiensten,hotels,pretparken,dancings,cocktailbars,tapasbars
- Het inrichten en de organisatie van gastronomische weekends
- De aan- en verkoop van alcoholische en niet-alcoholische dranken,in het algemeen voor consumptie ter plaatse,eventueel in combinatie met enige vorm van amusement door:cafés,bars,nachtclubs,restaurants,bierhallen,enzovoort
- De regelmatige exploitatie van discotheken,dancings en privé-clubs,die hun omzet verwezenlijken door de verkoop van dranken,ook indien entreekaarten worden verkocht die recht geven op consumpties
- De uitbating van kantines en catering
- De bereiding en bedeling van soep
- De aan-en verkoop van horeca-instellingen in de meest ruime zin
- Het huren en verhuren,het kopen en verkopen,de import en export,het leasen van alle materiaal,installaties,machines en uitrusting die behoren tot de horecasector
- De verhuring van feestzalen
- Het inrichten van manifestaties,tentoonstellingen,kunstgalerijen,organisaties van feestelijkheden,sportmanifestaties,vrijetijdsbestedingen,vakanties & uitstappen,seminaries en allerlei horeca-activiteiten
- De aan- en verkoop,import en export,commissiehandel en vertegenwoordiging van om het even welke goederen in het algemeen en van alle voedingswaren en dranken in het bijzonder in de ruimste zin van het woord
- Het verhuren,in leasing geven en in het algemeen het ter beschikking stellen aan derden,mits vergoeding,van alle roerende goederen,het verlenen van deskundig advies,het presteren van technische en administratieve dienstprestaties in verband met alle taken van de horeca en het ter beschikking stellen van personeel
- De aan- en verkoop van allerhande tabaksproducten en genotmiddelen
- De aan- en verkoop,in- en uitvoer,groot- en kleinhandel van allerlei producten die rechtstreeks of onrechtstreeks te maken hebben met de horeca-uitbating
- De aan- en verkoop,in- en uitvoer,groot- en kleinhandel van Aziatische producten of producten die eigen zijn aan de Aziatische keuken
- De inrichting,het verhuur en de uitbating van een hotel,restaurant en loungebar,de organisatie van catering/traiteurdienst,de organisatie van banketten,feesten en andere evenementen
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Walplein 13 registered office 8000 Bruges | 03-01-2025 | 2.368.295.679 | Restaurant |
Buildings and parcels at the address
- Ground area
- 118 m²
- Buildings
- 118 m²
- Volume, LiDAR
- 771 m³
- Tallest building
- 9.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31803C0901/00D000 | 118 m² | 1 · 118 m² | 9.6 m · 2 |
Recognitions
Food safety, FASFC
1 siteBrugesunit number 2.368.295.679