BS ASPAVA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of BS ASPAVA is 4.8% (elevated). The 2025 annual accounts show equity of €36k and a net result of €-42k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 5650 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

4.8% Elevated

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 80% of 5650 peers (2024). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

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.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	17-08-2026	17 d late	2026-00401735
31-12-2024	31-07-2025	19-07-2025	12 d early	2025-00293559
31-12-2023	31-07-2024	19-08-2024	19 d late	2024-00353308
31-12-2022	31-07-2023	17-10-2023	78 d late	2023-00488215
31-12-2021	31-07-2022	06-06-2023	310 d late	2023-00117334

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (micro schema)

EBIT marginNot published (micro schema)

Net result€-42k-87.3%

Working capital€11k-66.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 17-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~10.9%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	53.0%	19.3%	better than 80% of 5650 sector peers
Net result	€-22k	€4k	better than 12% of 5638 sector peers
Equity	€77k	€14k	better than 85% of 5662 sector peers
Gross operating margin	€141k	€52k	better than 77% of 5624 sector peers
Staff costs	€117k	€49k	higher than 76% of 4088 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P80

Improving position over 2021-2024 · n=2241-5650

Net result P12

Weakening position over 2021-2024 · n=2236-5638

Equity P85

Stable position over 2021-2024 · n=2248-5662

Gross operating margin P77

Stable position over 2021-2024 · n=2223-5624

Describes the position versus peers, not a forecast.

EBITDA

€-22k

-2019.1% 21-25

Net profit

€-42k

-87.3% 21-25

Cash flow

€-29k

-164.3% 21-25

Total assets

€68k

-53.2% 21-25

Equity

€36k

-53.9% 21-25

Working capital

€11k

-66.3% 21-25

Employees (FTE)

5

+140.9% 21-25

Staff costs

€40k

-66.1% 21-25

Show 11 other metrics

Income taxes

€1k

+76.5% 21-25

Debt

€33k

-52.4% 21-25

Debt ≤ 1y

€33k

-52.4% 21-25

Debt > 1y

€5k

- 21-25

Current ratio

1.34

-9.6% 21-25

Quick ratio

1.08

-20.3% 21-25

Solvency

52.2%

-1.6% 21-25

Debt / equity

0.92

+3.4% 21-25

ROE

-117.1%

-306.5% 21-25

ROA

-61.1%

-300.1% 21-25

Interest coverage

-3.78

-3256.5% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro schema
Revenue	-
EBITDA	€-22k
Net profit	€-42k
Cash flow	€-29k
Staff costs	€40k
Income taxes	€1k
Dividends	-
Total assets	€68k
Equity	€36k
Debt	€33k
of which ≤ 1y	€33k
of which > 1y	-
Working capital	€11k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	1.34
Quick ratio	1.08
Working capital ratio	16.3%
Solvency	52.2%
Debt / equity	0.92
Long-term debt ratio	-
Interest coverage	-3.78
Gross margin	-
Net margin	-
ROA	-61.1%
ROE	-117.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €25k · 35.9% Current assets €44k · 64.2%

Equity & liabilities

Equity €36k · 52.2% Debt €33k · 47.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€68k
Fixed assets	21/28	€25k
Intangible fixed assets	21	€7k
Tangible fixed assets	22/27	€18k
Current assets	29/58	€44k
Stocks & contracts in progress	3	€8k
Amounts receivable within one year	40/41	€35k
Cash & bank	54/58	€651
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€68k
Equity	10/15	€36k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€33k
Amounts payable	17/49	€33k
Amounts payable within one year	42/48	€33k
Trade debts payable within one year	44	€17k
Income statement
Gross operating margin	9900	€87k
Operating result	9901	€-34k
Financial income	75	€1
Financial charges	65	€6k
Result before taxes	9903	€-40k
Income taxes	67/77	€1k
Net result for the period	9904	€-42k
Result to be appropriated	9905	€-42k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

47 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

BAYINDIR Dilaver
Director
State Gazette act 23434907 (23-11-2023)

Current
23-11-2023 → present
Caglar Dogan
Director
State Gazette act 23059866 (04-05-2023)

Current
06-03-2023 → present
3 events
- 23-11-2023 Resigned· Director
- 06-03-2023 Appointed· Director
- 06-03-2023 Appointed· Daily management

Former directors (1)

Ozcan Boztas
Director
State Gazette act 23059866 (04-05-2023)

Former
- → 06-03-2023
2 events
- 06-03-2023 Resigned· Director
- 06-03-2023 Resigned· Daily management

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden(56112)
Legal form	Private limited company(610)
Incorporation	02-12-2020
Status	Active
Postal code	2880

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Boomstraat(BOR) 92880 Bornem

Establishment units

1 location

ÖZFER

Boomstraat(BOR) 9, 2880 BornemEetgelegenheden met beperkte bediening

since 20202.310.553.955

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area360 m²

Buildings1

Building footprint313 m²

Volume (LiDAR)1,787 m³

Tallest building11.4 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12007B0470/00F000	Flanders	359 m²	1 · 313 m²	11.4 m · 1 fl.

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts

All acts · 2 updated 2 years ago

2023

23-11-2023 1 director appointed, 1 resigning Director changes·Jean VAN den WOUWER

BAYINDIR Dilaver, Bestuurder
DOGAN Caglar, Bestuurder

Notary: Jean VAN den WOUWER · Brussel

Original publication ↗

04-05-2023 2 directors appointed, 2 resigning Director changes

Caglar Dogan, Bestuurder
Caglar Dogan, Dagelijks bestuur
Ozcan Boztas, Bestuurder
Ozcan Boztas, Dagelijks bestuur

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 47

Profitability 0

Solvency 81

Growth 32

Stability 94

Credit advice

verdict per customer and amount

Similar

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We hold annual accounts for 2,992 of the 21,831 companies in this sector. 2,301 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met volledige bediening56111Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112

Primary activity highlighted.

Names & trade names

Legal nameNL	BS ASPAVA
Trade nameNL	ÖZFER

Registered office

Boomstraat(BOR) 9 bus GVL

2880 Bornem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.