Financials
- Fiscal year
- 2024
- Total assets
- €3,602
- Loss
- -€15,403
- Solvency
- -1042.5%
DAR AFRAH
ActiveSummary
The computed 12-month bankruptcy probability of DAR AFRAH is 7.8% (elevated). The 2024 annual accounts show negative equity (-€37,555) and a net result of -€15,403. Equity is shrinking by ~89.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 18968 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
2 sites
Size
€3,602total assets 2024
- Equity
- -€37,555
- Loss
- -€15,403
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 32- 1 financial year not filed after the legal deadline; latest accounts 78 days late; 3 of the last 3 late- Figures for FY 2024 (filed 28-10-2025)- Founded in 2019+ Size: total assets €3,602Show the evidence
Checked score
Score 2024
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 13% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -1042.5% of total assets
Liquidity
29+13
short-term debt 1142.5% · cash 23.3%
Profitability
0=
return on assets -427.6%
Bankruptcy probability, 12 months
7.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.1%
12-2024: 7.5%▲ +24.5% vs 11-2024
01-2025: 9.8%▲ +30.4% vs 12-2024
02-2025: 9.8%▲ +0.1% vs 01-2025
03-2025: 10.0%▲ +1.5% vs 02-2025
04-2025: 9.1%▼ -8.5% vs 03-2025
05-2025: 9.1%▼ -0.6% vs 04-2025
06-2025: 11.6%▲ +27.3% vs 05-2025
07-2025: 11.6%▲ +0.2% vs 06-2025
08-2025: 11.6%▲ +0.4% vs 07-2025
09-2025: 11.9%▲ +2.7% vs 08-2025
10-2025: 12.6%▲ +5.1% vs 09-2025highest value
11-2025: 5.5%▼ -55.9% vs 10-2025
12-2025: 5.5%● 0.0% vs 11-2025
01-2026: 5.5%▼ -0.8% vs 12-2025
02-2026: 5.5%● 0.0% vs 01-2026
03-2026: 5.4%▼ -1.4% vs 02-2026
04-2026: 5.4%● 0.0% vs 03-2026
05-2026: 5.3%▼ -1.4% vs 04-2026
06-2026: 5.2%▼ -2.9% vs 05-2026lowest value
07-2026: 5.3%▲ +1.8% vs 06-2026
08-2026: 6.3%▲ +19.5% vs 07-2026
09-2026: 6.7%▲ +5.8% vs 08-2026
10-2026: 7.8%▲ +16.7% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 78 days late; 3 of the last 3 late raises the probability
- Figures for FY 2024 (filed 28-10-2025) raises the probability
- Size: total assets €3,602 lowers the probability for this profile
- Founded in 2019 raises the probability for this profile
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 9%, liquidity 24%, profitability 8%, growth against the median 11%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€37,555
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
289 d late
2022
87 d late
2021
61 d late
2020
58 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 115 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Weakest financial yearnet -€18,177
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€37,555 View
- Caution: Among the weakest 5% on solvencysector median 29.1% · 18,968 companies -1042.5% View
- Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
- Caution: 2 loss-making years in a rowloss fiscal year 2024 -€15,403 View
By topic
Timeline
- Events
- 7
- Since
- 2021
- 17-10-2025Annual accounts filed
- 16-05-2025Annual accounts filed
- 31-12-2023Weakest financial year
Company details
- Sites
- 2
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 23-07-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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