ElBarakaShop
ActiveThe computed 12-month bankruptcy probability of ElBarakaShop is 2.1% (moderate). The 2024 annual accounts show equity of €12k and a net result of €18k. Equity is shrinking by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 29% of 26046 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+85
Solvency34▲+14
Growth32=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.84 in 2023; short-term debt: 91.4% and cash: 7% of total assets), and 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
8.6%
Return on assets
12.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
6 d early
2022
30 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€12k
2023 · €-6k
2021: €20k
2022: €17k
2023: €-6k
2021 → 2024
Total assets
€140k▲ 13.6%
2023 · €123k
2021: €91k
2022: €89k
2023: €123k
2021 → 2024
Net result
€18k
2023 · €-22k
2021: €42k
2022: €-3k
2023: €-22k
2021 → 2024
Working capital
€-4k▲ 82.1%
2023 · €-21k
2021: €-5k
2022: €-3k
2023: €-21k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€20k-€17k▼ 15.9%€-6k€12k
Operating result€47k-€198▼ 99.6%€-19k€21k
Net result€42k-€-3k€-22k▼ 610%€18k
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: €21k after a loss of €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €140k
Fixed assets
€16k▲ 1.2%
Current assets
€124k▲ 15.3%
Equity and liabilities €140k
Equity
€12k
Debt
€128k
Debt finances 91.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€24k▲
2023 · €-15k
Cash flow
€21k▲
2023 · €-18k
Solvency
8.6%▲
2023 · -4.6%
Current ratio
0.97▲
2023 · 0.84
Quick ratio
0.24▲
2023 · 0.07
Debt / equity
10.67▲
2023 · -22.79
ROE
147.2%
ROA
12.6%▲
2023 · -18.1%
Interest coverage
7.86▲
2023 · -5.33
Debt
€128k▼
2023 · €129k
Debt ≤ 1 year
€128k▼
2023 · €129k
Staff costs
€2k▼
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€123k€140k▲
Fixed assets21/28€16k€16k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€16k€14k▼
Land and buildings22€15k€13k▼
Plant, machinery and equipment23€113€0▼
Furniture and vehicles24€828€972▲
Current assets29/58€108k€124k▲
Stocks and contracts in progress3€99k€94k▼
Stocks30/36€99k€94k▼
Amounts receivable within one year40/41€12€19k▲
Trade receivables40€0€19k▲
Other amounts receivable41€12€0▼
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€123k€140k▲
Equity10/15€-6k€12k▲
Contributions10/11€3k€3k=
Reserves13€17k€17k=
Distributable reserves133€17k€17k=
Profit (loss) carried forward14€-26k€-8k▲
Amounts payable17/49€129k€128k▼
Amounts payable within one year42/48€129k€128k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€21k€9k▼
Suppliers440/4€21k€9k▼
Taxes, remuneration and social security45€9k€13k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€3k€1k▼
Other amounts payable47/48€99k€106k▲
Income statement
Code20232024
Remuneration, social security and pensions62€8k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€5k€1k▼
Gross operating margin9900€-3k€28k▲
Operating profit (loss)9901€-19k€21k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-22k€18k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-22k€18k▲
Profit (loss) for the period to be appropriated9905€-22k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-8k▲
Profit (loss) brought forward from the previous period14P€-3k€-26k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Menen · 1 establishment unit since 2021
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.
Moeskroenstraat 718930 MenenGround area
157 m²
Building footprint
178 m²
Volume, LiDAR
1,081 m³
Parcel 34027D0142/00G003, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ElBarakaShop
since 20212.317.852.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027D0142/00G003 | Flanders | 157 m² | 1 · 178 m² | 11.0 m · 1 fl. |
Linked by address, not proof of ownership
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.
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Of 1,128 companies in sector 47830 we hold annual accounts for 468. 201 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-05-2021
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.elbarakashop.com