DILSHAD
ActiveSummary
DILSHAD has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,904 and a net result of €64,487. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 13617 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+35
Solvency100=
Growth85▲+25
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 6.1 against 3.99 in 2024; short-term debt: 15.7% and cash: 27.8% of total assets), and 15.7% 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.3%
Return on assets
35.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
27 d late
2023
160 d late
2022
136 d late
2021
127 d late
2020
16 d early
2017
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 71 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 (2)
neutral · 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. Usually files around 5 December (4 of the last 5 filed years within 100 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€535,072▲ 185%
2023 · €187,527
EBIT margin
14.1%▲ 6.3pp
2023 · 7.8%
Net result
€64,487▲ 3,628%
2024 · €1,730
Working capital
€146,947▲ 80.4%
2024 · €81,434
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€159,352▲ 22.0%€175,654▲ 10.2%€187,527▲ 6.8%€535,072
Operating result€13,493▼ 4.7%€14,113▲ 4.6%€14,577▲ 3.3%€8,264▼ 43.3%€75,532▲ 814%
Net result€11,895within the sector's middle half▼ 6.4%€12,459within the sector's middle half▲ 4.7%€14,560within the sector's middle half▲ 16.9%€1,730within the sector's middle half▼ 88.1%€64,487above the sector's middle half▲ 3,628%
EBIT margin8.5%▼ 2.4pp8.0%▼ 0.4pp7.8%▼ 0.3pp14.1%
Equity€61,867within the sector's middle half▲ 23.8%€74,326within the sector's middle half▲ 20.1%€88,686within the sector's middle half▲ 19.3%€90,416above the sector's middle half▲ 2.0%€154,904above the sector's middle half▲ 71.3%
Total assets€64,221below the sector's middle half▲ 27.6%€80,156below the sector's middle half▲ 24.8%€94,701below the sector's middle half▲ 18.1%€117,689within the sector's middle half▲ 24.3%€183,712within the sector's middle half▲ 56.1%
Debt€2,354▲ 565%€5,831▲ 148%€6,015▲ 3.2%€27,273▲ 353%€28,808▲ 5.6%
Working capital€47,485within the sector's middle half▲ 47.3%€63,298within the sector's middle half▲ 33.3%€81,012above the sector's middle half▲ 28.0%€81,434above the sector's middle half▲ 0.5%€146,947above the sector's middle half▲ 80.4%
Solvency96.3%above the sector's middle half▼ 3.0pp92.7%above the sector's middle half▼ 3.6pp93.6%above the sector's middle half▲ 0.9pp76.8%above the sector's middle half▼ 16.8pp84.3%above the sector's middle half▲ 7.5pp
Current ratio21.17above the sector's middle half▼ 70.8911.86above the sector's middle half▼ 9.3214.47above the sector's middle half▲ 2.613.99above the sector's middle half▼ 10.486.10above the sector's middle half▲ 2.12
Return on assets (ROA)18.5%within the sector's middle half▼ 6.7pp15.5%above the sector's middle half▼ 3.0pp15.4%above the sector's middle half▼ 0.2pp1.5%within the sector's middle half▼ 13.9pp35.1%above the sector's middle half▲ 33.6pp
Staff (FTE)2.41.6▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 814% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183,712
Fixed assets
€7,957 ▼ 11.4%
Current assets
€175,755 ▲ 61.7%
Equity and liabilities €183,712
Equity
€154,904 ▲ 71.3%
Debt
€28,808 ▲ 5.6%
Debt's share of the balance-sheet total falls from 23.2% to 15.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,057▲
2024 · €12,308
Cash flow
€71,012▲
2024 · €5,774
Quick ratio
5.61▲
2024 · 3.62
Debt to equity
0.19▼
2024 · 0.30
ROE
41.6%▲
2024 · 1.9%
Interest coverage
9.68▲
2024 · 4.59
Debt ≤ 1 year
€28,808▲
2024 · €27,273
Income taxes
€4,999▲
2024 · €3,886
Staff costs
€63,836▲
2024 · €41,986
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €159,352 | €175,654 | €187,527 | - | €535,072 | - |
| Goods, raw materials, services and sundry goods60/61 | €103,587 | €129,405 | €135,691 | - | €385,270 | - |
| Remuneration, social security and pensions62 | €25,678 | €26,795 | €27,890 | €41,986 | €63,836 | ▲ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,354 | €3,354 | €3,354 | €4,044 | €6,525 | ▲ 61.4% |
| Other operating charges640/8 | €1,785 | €1,987 | €6,015 | €8,350 | €3,909 | ▼ 53.2% |
| Gross operating margin9900 | €44,310 | €46,249 | €51,836 | €62,644 | €149,802 | ▲ 139% |
| Operating profit (loss)9901 | €13,493 | €14,113 | €14,577 | €8,264 | €75,532 | ▲ 814% |
| Financial income75/76B | - | - | €199 | €36 | €2,427 | ▲ 6,642% |
| Recurring financial income75 | - | - | €199 | €36 | €2,427 | ▲ 6,642% |
| Financial charges65/66B | €1,598 | €1,654 | €216 | €2,684 | €8,473 | ▲ 216% |
| Recurring financial charges65 | €1,598 | €1,654 | €216 | €2,684 | €8,473 | ▲ 216% |
| Profit (loss) for the period before taxes9903 | €11,895 | €12,459 | €14,560 | €5,616 | €69,486 | ▲ 1,137% |
| Income taxes67/77 | - | - | - | €3,886 | €4,999 | ▲ 28.6% |
| Profit (loss) for the period9904 | €11,895 | €12,459 | €14,560 | €1,730 | €64,487 | ▲ 3,628% |
| Profit (loss) for the period to be appropriated9905 | €11,895 | €12,459 | €14,560 | €1,730 | €64,487 | ▲ 3,628% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,221 | €80,156 | €94,701 | €117,689 | €183,712 | ▲ 56.1% |
| Fixed assets21/28 | €14,382 | €11,028 | €7,674 | €8,982 | €7,957 | ▼ 11.4% |
| Tangible fixed assets22/27 | €14,382 | €11,028 | €7,674 | €8,982 | €7,957 | ▼ 11.4% |
| Land and buildings22 | - | - | - | - | €4,290 | - |
| Plant, machinery and equipment23 | €14,382 | €11,028 | €7,674 | €8,982 | €3,667 | ▼ 59.2% |
| Current assets29/58 | €49,839 | €69,128 | €87,027 | €108,707 | €175,755 | ▲ 61.7% |
| Stocks and contracts in progress3 | €4,750 | €5,015 | €12,505 | €9,854 | €14,255 | ▲ 44.7% |
| Stocks30/36 | €4,750 | €5,015 | €12,505 | €9,854 | €14,255 | ▲ 44.7% |
| Amounts receivable within one year40/41 | €17,731 | €17,731 | €17,676 | €34,643 | €110,451 | ▲ 219% |
| Trade receivables40 | - | - | - | €17,822 | €49,792 | ▲ 179% |
| Other amounts receivable41 | €17,731 | €17,731 | €17,676 | €16,821 | €60,659 | ▲ 261% |
| Cash at bank and in hand54/58 | €27,358 | €46,382 | €56,846 | €64,210 | €51,049 | ▼ 20.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,221 | €80,156 | €94,701 | €117,689 | €183,712 | ▲ 56.1% |
| Equity10/15 | €61,867 | €74,326 | €88,686 | €90,416 | €154,904 | ▲ 71.3% |
| Contributions10/11 | €18,800 | €18,800 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €43,067 | €55,526 | €70,086 | €71,816 | €136,304 | ▲ 89.8% |
| Amounts payable17/49 | €2,354 | €5,831 | €6,015 | €27,273 | €28,808 | ▲ 5.6% |
| Amounts payable within one year42/48 | €2,354 | €5,831 | €6,015 | €27,273 | €28,808 | ▲ 5.6% |
| Financial debts43 | - | - | - | €14,560 | €11,296 | ▼ 22.4% |
| Other loans439 | - | - | - | €14,560 | €11,296 | ▼ 22.4% |
| Trade debts44 | €2,354 | €3,516 | €3,250 | €10,457 | €323 | ▼ 96.9% |
| Suppliers440/4 | €2,354 | €3,516 | €3,250 | €10,457 | €323 | ▼ 96.9% |
| Taxes, remuneration and social security45 | - | €2,315 | €2,765 | €2,256 | €17,189 | ▲ 662% |
| Taxes450/3 | - | - | - | €1,225 | €7,489 | ▲ 511% |
| Remuneration and social security454/9 | - | €2,315 | €2,765 | €1,031 | €9,700 | ▲ 841% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,895 | €12,459 | €14,560 | €1,730 | €64,487 | ▲ 3,628% |
| + Depreciation and write-downs630 | €3,354 | €3,354 | €3,354 | €4,044 | €6,525 | ▲ 61.4% |
| Operating cash flow (approximation) | €15,249 | €15,813 | €17,914 | €5,774 | €71,012 | ▲ 1,130% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€5,352 | -€5,500 | ▼ 2.8% |
| Change in cash | - | €19,024 | €10,464 | €7,364 | -€13,161 | ▼ 279% |
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
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €64,487 ▲3,628%
Operating result €75,532, net result €64,487, both a record.
31-12
Financial
Equity above €150,000Eq €154,904 ▲71.3%
6 profitable years in a row build equity to €154,904.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 160 days late
2024
31-12
Financial
Weakest financial yearnet €1,730 ▼88.1%
Net result drops to €1,730, the lowest in the series; recovery starts the following year.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 136 days late
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 127 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 112 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 51 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 416 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Arlon · 1 establishment unit since 2011
Ground area
115 m²
Building footprint
140 m²
Volume, LiDAR
1,501 m³
Parcel 81001A0174/00D002, Wallonia · tallest building 19.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Etienne-Lenoir 8, 6700 Arlon
since 20112.199.537.752
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A0174/00D002 | Wallonia | 115 m² | 1 · 140 m² | 19.3 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 siteArlon2.199.537.752
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,778. 7,212 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
Founded21-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0835690038
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.