BUDAK
ActiveSummary
The computed 12-month bankruptcy probability of BUDAK is 4.1% (elevated). The 2024 annual accounts show equity of €13,667 and a net result of €6,118. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 18930 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability62▲+30
Solvency42▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.05 against 0.84 in 2023; short-term debt: 43.7% and cash: 39.2% of total assets), and 83.4% of the assets are financed with debt.
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Signals
Five 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.6%
Return on assets
7.4%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €13,667
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
122 d early
2022
122 d early
2021
11 d early
2020
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€23,000
EBIT margin
-6.7%
Net result
€6,118
2023 · -€3,142
Working capital
€1,737
2023 · -€4,855
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€23,000-
Operating result-€1,542--€4,912▼ 219%€16,731-€1,474€15,322
Net result-€1,526--€5,180▼ 239%€12,445-€3,142€6,118
EBIT margin-6.7%-
Equity€3,474--€1,706€10,739€7,549▼ 29.7%€13,667▲ 81.0%
Total assets€4,325-€7,225▲ 67.1%€20,612▲ 185%€72,577▲ 252%€82,180▲ 13.2%
Debt€851-€8,931▲ 949%€9,872▲ 10.5%€65,028▲ 559%€68,513▲ 5.4%
Working capital€2,151--€5,297-€342▲ 93.5%-€4,855▼ 1,320%€1,737
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €15,322 after a loss of €1,474 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82,180
Fixed assets
€44,557 ▼ 4.9%
Current assets
€37,623 ▲ 46.2%
Equity and liabilities €82,180
Equity
€13,667 ▲ 81.0%
Debt
€68,513 ▲ 5.4%
Debt's share of the balance-sheet total falls from 89.6% to 83.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,200▲
2023 · €3,049
Cash flow
€14,996▲
2023 · €1,381
Current ratio
1.05▲
2023 · 0.84
Quick ratio
0.95▲
2023 · 0.72
Debt to equity
5.01▼
2023 · 8.61
ROE
44.8%▲
2023 · -41.6%
ROA
7.4%▲
2023 · -4.3%
Interest coverage
4.09▲
2023 · 2.21
Debt ≤ 1 year
€35,887▲
2023 · €30,583
Debt > 1 year
€32,627▼
2023 · €34,445
Income taxes
€3,306▲
2023 · €289
Staff costs
€1,501▲
2023 · €638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €23,000 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €3,673 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €638 | €1,501 | ▲ 135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €331 | €981 | €2,911 | €4,523 | €8,878 | ▲ 96.3% |
| Other operating charges640/8 | - | €237 | €660 | €825 | €1,252 | ▲ 51.7% |
| Non-recurring operating charges66A | - | - | - | €4,500 | - | - |
| Gross operating margin9900 | -€1,211 | -€3,694 | €20,301 | €9,012 | €26,952 | ▲ 199% |
| Operating profit (loss)9901 | -€1,542 | -€4,912 | €16,731 | -€1,474 | €15,322 | ▲ 1,139% |
| Financial income75/76B | - | €1 | - | €0 | €17 | ▲ 5,281% |
| Recurring financial income75 | €60 | €1 | - | €0 | €17 | ▲ 5,281% |
| Financial charges65/66B | - | €268 | €178 | €1,380 | €5,915 | ▲ 329% |
| Recurring financial charges65 | €45 | €268 | €178 | €1,380 | €5,915 | ▲ 329% |
| Profit (loss) for the period before taxes9903 | -€1,526 | -€5,180 | €16,553 | -€2,853 | €9,424 | ▲ 430% |
| Income taxes67/77 | - | - | €4,108 | €289 | €3,306 | ▲ 1,046% |
| Profit (loss) for the period9904 | -€1,526 | -€5,180 | €12,445 | -€3,142 | €6,118 | ▲ 295% |
| Profit (loss) for the period to be appropriated9905 | -€1,526 | -€5,180 | €12,445 | -€3,142 | €6,118 | ▲ 295% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,325 | €7,225 | €20,612 | €72,577 | €82,180 | ▲ 13.2% |
| Fixed assets21/28 | €1,322 | €3,592 | €11,081 | €46,849 | €44,557 | ▼ 4.9% |
| Tangible fixed assets22/27 | €1,322 | €3,592 | €6,581 | €42,349 | €40,057 | ▼ 5.4% |
| Land and buildings22 | - | - | - | €18,699 | €16,187 | ▼ 13.4% |
| Plant, machinery and equipment23 | - | €3,592 | €5,331 | €16,260 | €18,045 | ▲ 11.0% |
| Furniture and vehicles24 | - | - | €1,250 | - | - | - |
| Leasing and similar rights25 | - | - | - | €7,390 | €5,825 | ▼ 21.2% |
| Financial fixed assets28 | - | - | €4,500 | €4,500 | €4,500 | = |
| Current assets29/58 | €3,003 | €3,633 | €9,531 | €25,728 | €37,623 | ▲ 46.2% |
| Stocks and contracts in progress3 | €969 | €1,255 | €2,685 | €3,588 | €3,402 | ▼ 5.2% |
| Stocks30/36 | - | €1,255 | €2,685 | €3,588 | €3,402 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €1,186 | €1,055 | €994 | €5,539 | €1,006 | ▼ 81.8% |
| Other amounts receivable41 | - | €1,055 | €994 | €5,539 | €1,006 | ▼ 81.8% |
| Cash at bank and in hand54/58 | €848 | €1,324 | €4,163 | €7,823 | €32,197 | ▲ 312% |
| Deferred charges and accrued income490/1 | - | - | €1,688 | €8,778 | €1,018 | ▼ 88.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,325 | €7,225 | €20,612 | €72,577 | €82,180 | ▲ 13.2% |
| Equity10/15 | €3,474 | -€1,706 | €10,739 | €7,549 | €13,667 | ▲ 81.0% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €5,739 | €5,691 | €11,809 | ▲ 108% |
| Distributable reserves133 | - | - | €5,739 | €5,691 | €11,809 | ▲ 108% |
| Profit (loss) carried forward14 | -€1,526 | -€6,706 | - | -€3,142 | -€3,142 | = |
| Amounts payable17/49 | €851 | €8,931 | €9,872 | €65,028 | €68,513 | ▲ 5.4% |
| Amounts payable after more than one year17 | - | - | - | €34,445 | €32,627 | ▼ 5.3% |
| Financial debts170/4 | - | - | - | €34,445 | €32,627 | ▼ 5.3% |
| Amounts payable within one year42/48 | €851 | €8,931 | €9,872 | €30,583 | €35,887 | ▲ 17.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,791 | €15,232 | ▲ 41.1% |
| Trade debts44 | €242 | €3,686 | €5,537 | €6,686 | €10,548 | ▲ 57.8% |
| Suppliers440/4 | - | €3,686 | €5,537 | €6,686 | €10,548 | ▲ 57.8% |
| Taxes, remuneration and social security45 | - | - | €4,108 | €4,445 | €7,713 | ▲ 73.5% |
| Taxes450/3 | - | - | €4,108 | €4,445 | €3,906 | ▼ 12.1% |
| Remuneration and social security454/9 | - | - | - | - | €3,807 | - |
| Other amounts payable47/48 | - | €5,244 | €228 | €8,661 | €2,394 | ▼ 72.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,526 | -€5,180 | €12,445 | -€3,142 | €6,118 | ▲ 295% |
| + Depreciation and write-downs630 | €331 | €981 | €2,911 | €4,523 | €8,878 | ▲ 96.3% |
| Operating cash flow (approximation) | -€1,196 | -€4,199 | €15,356 | €1,381 | €14,996 | ▲ 986% |
| Investment in fixed assets (approximation) | - | -€3,250 | -€10,400 | -€40,291 | -€6,586 | ▲ 83.7% |
| Change in cash | - | €476 | €2,840 | €3,660 | €24,374 | ▲ 566% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Back to profitnet €6,118
Net result €6,118 after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12,445
Net result €12,445 after 2 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€5,180
Net result drops to -€5,180, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2020
Ground area
207 m²
Building footprint
101 m²
Volume, LiDAR
785 m³
Parcel 71502B0072/00H003, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FRITUUR MUZZY
since 20202.299.838.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0072/00H003 | Flanders | 207 m² | 1 · 101 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
1 siteHeusden-Zolder2.299.838.326
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 7,551 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744496675
Also
9925:BE0744496675
Registered
05-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.