Turnover
≈ €850,000 estimated
The abbreviated format states no turnover.
Ert23
Lifetime
1 annual account with figurespeak €362,093 (2025)
€362,093
peak €68,411 (2025)
€68,411
peak €73,411 (2025)
€73,411
€135,186
peak 8.7 FTE (2025)
8.7 FTE
Board1 name since 2024
1 directorYILMAZ Mehmet
Documentsfilings and deeds
11-06-202650 days before the deadline
2025abbreviated format
1 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€5,000 100 shares
Checked score
54
Fair
Financially stronger than 67% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 3.9%
02-2026: 4.0%▲ +0.1 percentage points vs 01-2026
03-2026: 4.1%▲ +0.1 percentage points vs 02-2026
04-2026: 4.6%▲ +0.5 percentage points vs 03-2026
05-2026: 4.6%● unchanged vs 04-2026
06-2026: 4.9%▲ +0.3 percentage points vs 05-2026
07-2026: 5.3%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 5.3%● unchanged vs 07-2026
09-2026: 5.2%▼ -0.1 percentage points vs 08-2026
10-2026: 2.4%▼ -2.8 percentage points vs 09-2026lowest value
11-2026: 2.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: 8.7 FTE, total assets €208,597
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 0.62, cash €59,084
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 55% of them on solvency, 53% on liquidity and 93% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 11,279 companies had the same profile as Ert23 has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of Ert23 itself is higher: 2.4% within 12 months. It rests on far more data about Ert23 than the profile alone.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for Ert23. 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 €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.62, below 1. Short-term debt is 64.8% and cash 28.3% of total assets. 64.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five 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 11-06-2026, 50 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
50 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017275919
First establishment
Rumi Konya Sofrasi, Brederodestraat 142, Antwerp
Incorporation
Founding capital of €5,000, 100 shares · Appointment: YILMAZ Mehmet (director) · Share issue: €100 · published on 16-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ert23 Antwerp | €208,597 | €362,093 | 35.2% | 8.7 |
| THAI CAFE NAMUR Namur | €171,921 | €387,212 | 9.1% | 9.9 |
| T IV Huy | €231,011 | €359,541 | 4.6% | 7.6 |
| TIVI Lommel | €255,605 | €422,329 | 5.5% | 9.6 |
| VIS UNITA Puurs-Sint-Amands | €315,642 | €528,370 | 13.2% | 9.8 |
| Monday Antwerp | €160,867 | €540,945 | -125.5% | 11.1 |
| VLGoss Silly | €308,632 | €469,953 | 10.2% | 10.2 |
These companies have the same main activity as Ert23: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €161,000 and €316,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 12-12-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment unit
- 2.367.387.2452018 Antwerp, since 01-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Annual accounts 2025
- €208,597
- Filing
- Filed on 11-06-2026, 50 days before the end of the filing period
Insights on Ert23
The computed 12-month bankruptcy probability of Ert23 is 2.4% (moderate). The 2025 annual accounts show equity of €73,411 and a net result of €68,411.
Its solvency ranks better than 56% of 4,849 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 Ert23
- What is the company number of Ert23?
- The company number of Ert23 is 1017.275.919. The VAT number is the same number with BE in front: BE 1017.275.919.
- Where is Ert23 based?
- The registered office is at Brederodestraat 142, 2018 Antwerp.Company details
- What does Ert23 do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Ert23?
- Ert23 is a private limited company (BV).
- When was Ert23 founded?
- Ert23 was founded on 12-12-2024.
- Is Ert23 still active?
- Yes, Ert23 is an active enterprise in the KBO register.
- How many employees does Ert23 have?
- Ert23 had an average of 8.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Ert23?
- The turnover in financial year 2025 is ≈ €850,000. This figure is estimated from the gross margin of €362,093 and 41 comparable companies (NACE 56111). It probably lies between €800,000 and €1.2m.
- Is Ert23 profitable?
- In financial year 2025, Ert23 made a profit of €68,411.
- Where can I find the annual accounts of Ert23?
- Ert23 filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See whether the workforce is growing and whether people stay.Employer check
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