Equity
€184,680 ▲ 45.2%
Equity rose in 2025 from €127,197 to €184,680.
CHIVAN
Lifetime
16 annual accounts with figures on one time axis, 20 filings since 2002peak €187,145 (2025)
€187,145▲ 46.1%
lowest -€18,194 (2013)
€57,481▼ 27.7%
peak €184,680 (2025)
€184,680▲ 45.2%
€29,810▼ 5.8%
peak 3 FTE (2014)
-not published
Board4 names since 2024
3 directorsAdar AKDOGAN and 2 others
Documentsfilings and deeds
19-06-202642 days before the deadline
2025abbreviated format
Gross margin from €128,108 to €187,145Result from €79,498 to €57,481Appointment: YILMAZ Mehmet Azat (director) 05-09Equity from €127,197 to €184,680Cash from €46,113 to €72,401
Key points
from the 2025 annual accountsStaff
3 employees on 31-12-2025
In 2025, 3 people joined and 1 left.
Payment terms
10 days to suppliers
CHIVAN pays its suppliers 16 days earlier than in 2024. Customers pay 6 days later.
Liquidity
5.52 was 3.22 in 2024
Short-term debts fell from €31,639 to €29,810.
Filings
20 annual accounts since 2002
Seven of the last ten came late. The 2020 accounts came latest: 788 days after the end of the period.
Position in the sector
86.1%
Higher solvency than 94% of companies in food and beverage service. Sector median 29.8% · 4,824 companies.
Checked score
73
Healthy
Financially stronger than 86% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
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 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.5%
01-2025: 5.7%▲ +2.2 percentage points vs 12-2024
02-2025: 5.7%● unchanged vs 01-2025
03-2025: 5.8%▲ +0.1 percentage points vs 02-2025
04-2025: 5.2%▼ -0.6 percentage points vs 03-2025
05-2025: 5.2%● unchanged vs 04-2025
06-2025: 5.2%● unchanged vs 05-2025
07-2025: 5.2%● unchanged vs 06-2025
08-2025: 6.8%▲ +1.6 percentage points vs 07-2025highest value
09-2025: 6.8%● unchanged vs 08-2025highest value
10-2025: 0.7%▼ -6.1 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.1 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €464,140, total assets €214,490
2 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 5.52, cash €72,401
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 94% of them on solvency, 91% on liquidity, 85% on profitability and 74% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 31,368 companies had the same profile as CHIVAN has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHIVAN itself: 0.6% within 12 months.
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 31,368 companies, not a prediction for CHIVAN. 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
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.52 (3.22 in 2024), above the usual 1.5. Short-term debt is 13.9% and cash 33.8% of total assets. 13.9% 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
Six signals.
lowers riskraises 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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
61 days late
2023
425 days late
2022
35 days early
2021
331 days late
2020
788 days late
2017
182 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 244 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 270 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Mahmoud HASAN (director)
General meeting of 01-09-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0475644646
Appointment: YILMAZ Mehmet Azat (director)
General meeting of 25-07-2025 · Gazette deed
2 managers resigning, 2 directors reappointed
Resignations: Sukru AKDOGAN (manager) and Adar AKDOGAN (manager) · Reappointments: Sukru AKDOGAN (director) and Adar AKDOGAN (director) · Director discharge: Sukru AKDOGAN · General meeting of 22-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CHIVAN Arlon | €214,490 | €187,145 | 86.1% | - |
| LE KROUSTY Libin | €211,384 | €172,377 | 43.5% | - |
| JACQUELINE Ghent | €222,225 | €177,524 | 69.2% | - |
| INTELLECTURE Mons | €227,105 | €174,320 | -60.5% | - |
| ZEEKOREN Bruges | €218,704 | €208,801 | 46.3% | 3.7 |
| FIZZ - UP Brussels | €209,590 | €162,564 | 39.9% | - |
| DELI TIENEN Tienen | €190,735 | €187,979 | 21.7% | 4.7 |
These companies have the same main activity as CHIVAN: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €191,000 and €227,000, founded between 1998 and 2003.
Official details
Source: KBO- Status
- Active since 14-09-2001Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.220.208.7496700 Arlon, since 01-07-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2025
Annual accounts 2025
- €214,490▲ 35.0%
- Employeeson 31-12-2025
- 3▲ 200%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on CHIVAN
CHIVAN files the abbreviated format. That format states no turnover. The gross margin rose from €10,576 in 2006 to €187,145 in 2025.
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 CHIVAN
- What is the company number of CHIVAN?
- The company number of CHIVAN is 0475.644.646. The VAT number is the same number with BE in front: BE 0475.644.646.
- Where is CHIVAN based?
- The registered office is at Place du Docteur-Hollenfeltz 26, 6700 Arlon.Company details
- What does CHIVAN do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of CHIVAN?
- CHIVAN is a private limited company (BV).
- When was CHIVAN founded?
- CHIVAN was founded on 14-09-2001.
- Is CHIVAN still active?
- Yes, CHIVAN is an active enterprise in the KBO register.
- How many employees does CHIVAN have?
- CHIVAN had an average of 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CHIVAN?
- The turnover of CHIVAN was €464,140 in financial year 2025, according to the filed annual accounts.
- Is CHIVAN profitable?
- In financial year 2025, CHIVAN made a profit of €57,481.
- Where can I find the annual accounts of CHIVAN?
- CHIVAN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CHIVAN due?
- CHIVAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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