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Complete company report
Generated 14-08-2026
Active BE 0733.887.746Private limited company

Franchise Factory

Kantersteen 49 ·1000 Brussel, Belgium· 6 yrs active
Sector: Activiteiten van eetgelegenheden met volledige bediening (56111)
Conclusion Checked

The KBO register records legal situation 050 for Franchise Factory (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (€-185k) and a net result of €-76k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-185k
Net result €-76k
Staff (FTE) 1.8
Better than sector 12%
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health0Profitability100Solvency33Growth58Stability0
38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 100
Solvency 33
Growth 58
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
20 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 3 historical bankruptcy publications (+20)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2022 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 31-08-2023 with the NBB · fiscal year 2022 · micro
€-150k€-100k€-50k€0Operating result 2020: €-108k€-108kNet result 2020: €-113k€-113kOperating result 2021: €-78k€-78kNet result 2021: €-84k€-84kOperating result 2022: €-70k€-70kNet result 2022: €-76k€-76k202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -75.1% 16.7%
better than 12% of 3544 sector peers
Net result €-76k €739
better than 5% of 3526 sector peers
Equity €-185k €10k
better than 5% of 3550 sector peers
Gross operating margin €-24k €35k
better than 5% of 3512 sector peers
Staff costs €9k €40k
higher than 21% of 2481 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-34k
+20.5% 20-22
Net profit
€-76k
+8.8% 20-22
Cash flow
€-40k
+15.9% 20-22
Total assets
€246k
+2.6% 20-22
Equity
€-185k
-8.2% 20-22
Working capital
€-201k
-158.9% 20-22
Employees (FTE)
2
-10.0% 20-22
Staff costs
€9k
-16.2% 20-22
Debt
€426k
+5.1% 20-22
Debt ≤ 1y
€224k
+124.6% 20-22
Debt > 1y
€201k
-33.9% 20-22
Current ratio
0.11
-53.0% 20-22
Quick ratio
0.09
-15.6% 20-22
Solvency
-75.1%
-5.5% 20-22
Debt / equity
-2.30
+2.8% 20-22
ROE
41.4%
-15.7% 20-22
ROA
-31.1%
+11.1% 20-22
Interest coverage
-3.37
+28.4% 20-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€-34k
Net profit€-76k
Cash flow€-40k
Staff costs€9k
Income taxes-
Dividends-
Total assets€246k
Equity€-185k
Debt€426k
of which ≤ 1y€224k
of which > 1y€201k
Working capital€-201k
Employees (FTE)1.8
Ratios (computed)
2022
Current ratio0.11
Quick ratio0.09
Working capital ratio-81.5%
Solvency-75.1%
Debt / equity-2.30
Long-term debt ratio-1.09
Interest coverage-3.37
Gross margin-
Net margin-
ROA-31.1%
ROE41.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€246k
Fixed assets 21/28€222k
Intangible fixed assets 21€32k
Tangible fixed assets 22/27€190k
Financial fixed assets 28€1k
Current assets 29/58€24k
Stocks & contracts in progress 3€3k
Amounts receivable within one year 40/41€11k
Cash & bank 54/58€420
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€246k
Equity 10/15€-185k
Contributions / capital 10/11€71k
Accumulated profits (losses) 14€-274k
Provisions & deferred taxes 16€5k
Amounts payable 17/49€426k
Amounts payable after one year 17€201k
Amounts payable within one year 42/48€224k
Trade debts payable within one year 44€70k
Income statement
Gross operating margin 9900€-24k
Operating result 9901€-70k
Financial income 75€3k
Financial charges 65€10k
Result before taxes 9903€-77k
Net result for the period 9904€-76k
Result to be appropriated 9905€-76k
You are seeing the latest fiscal year only. 2 prior years (figures + ratios) are in a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates2 persons
Role Name Tenure Source
Curator GAUTIER PIRARD
AVENUE FRANKLIN ROOSE- VELT 51, 1050 IXELLES
 27-02-2025 → present Belgian State Gazette
Curator Catherine HERINCKX
AVENUE DU CONGO 1, 1050 BRUXELLES 5
 19-09-2022 → present Belgian State Gazette
Legal Structure
NACE primary Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form Private limited company(610)
Incorporation10-09-2019
StatusActive
Postal code1000
First BS signal 26-09-2022
Latest BS signal 07-07-2026
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21804D0900/00E002
ProtectedMonumentRavensteingalerijSource ↗
 Brussels 6,828 m² 1 · 7,874 m² 44.7 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
07-07-2026
Bankruptcy Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL FRANCHISE FACTORY CANTERSTEEN 49, 1000 BRUXELLES. déclarée le 27 février 2025 · event 23-06-2026
2025
10-03-2025
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL FRANCHISE FACTORY CANTERS- TEEN 49, 1000 BRUXELLES · event 27-02-2025
2024
10-05-2024
State Gazette act Capital & shares
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
26-09-2022
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · FRANCHISE FACTORY SRL CANTER STEEN 49, 1000 BRUXELLES 1 · event 19-09-2022
05-09-2022
State Gazette act Capital & shares
Jean Martroye de Joly
05-09-2022
State Gazette act Capital & shares
Quentin De Ruydts
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
27-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Lifecycle & Insolvency Signals3 events
07-07-2026
Bankruptcy Bankruptcy closure (insufficient assets)
Date: 23-06-2026 · Tribunal de l’entreprise francophone de Bruxelles · SRL FRANCHISE FACTORY CANTERSTEEN 49, 1000 BRUXELLES. déclarée le 27 février 2025 · Publications in State Gazette ↗
10-03-2025
Bankruptcy Opening
Date: 27-02-2025 · Tribunal de l’entreprise francophone de Bruxelles · SRL FRANCHISE FACTORY CANTERS- TEEN 49, 1000 BRUXELLES · Publications in State Gazette ↗
26-09-2022
Bankruptcy Opening
Date: 19-09-2022 · Tribunal de l’entreprise francophone de Bruxelles · FRANCHISE FACTORY SRL CANTER STEEN 49, 1000 BRUXELLES 1 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262022-09-26 · Bankruptcy · Opening2025-03-10 · Bankruptcy · Opening2026-07-07 · Bankruptcy · Bankruptcy closure (insufficient assets)
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 3 acts
Capital history · 3
10-05-2024
Capital change
05-09-2022
Capital change
05-09-2022
Capital change
All acts · 3 updated 2 years ago
2024
10-05-2024 Transaction in capital or shares Capital & shares
Technical details 
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    {
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      "delta_eur": null,
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      "subscribers": [
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          "kind": "person",
          "name": "Oliver Ferrer",
          "share_class": null,
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          "contribution_kind": null,
          "n_shares_subscribed": 20,
          "contribution_amount_eur": null
        },
        {
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          "kind": "person",
          "name": "Sanhadji El Haddar Ayoub",
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        }
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      "decrease_purpose": null,
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      "merger_exchange_ratio": null,
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Bruxelles",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-05-10",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2024-04-30",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2020-02-27"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0733.887.746",
    "name_full": "Franchise Factory",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
    "_kbo_filled_from_list": true,
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Syed Shujaat",
      "role": null,
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Sanhadji El Haddar Ayoub",
      "role": null,
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Mohamed Ali Sajjad Syed",
      "role": null,
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Mizanur Rahman",
      "role": null,
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Baramidze Sandro",
      "role": null,
      "n_shares": 15,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2022
05-09-2022 Capital increase of €15,000 to €71,000 Capital & shares·Jean Martroye de Joly
  • €56.000 → €71.000
  • Inbreng in geld · Apport en numéraire
Notary: Jean Martroye de Joly · Forest-BruxellesFirm: Jean MARTROYE DE JOLY & Quentin DE RUYDTS, Notaires associés
Technical details 
{
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    {
      "kind": "capital_increase",
      "after_eur": 71000.0,
      "delta_eur": 15000.0,
      "before_eur": 56000.0,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "BARAMIDZE Sandro",
          "share_class": null,
          "liberation_pct": 100.0,
          "contribution_kind": "geld",
          "n_shares_subscribed": 15,
          "contribution_amount_eur": 15000.0
        }
      ],
      "share_emission": {
        "agio_eur": null,
        "share_form": "no_nominal_value",
        "share_class": null,
        "n_new_shares": 15,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
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      "n_shares_destroyed": null,
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      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Jean Martroye de Joly",
    "firm_city": null,
    "firm_name": "Jean MARTROYE DE JOLY \u0026 Quentin DE RUYDTS, Notaires associ\u00E9s",
    "office_city": "Forest-Bruxelles",
    "is_associated": true
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-09-05",
    "filing_date": "2022-09-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "assembl\u00E9e_generale_extraordinaire",
    "act_date": "2022-08-31",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2022-08-31"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0733.887.746",
    "name_full": "Franchise Factory",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "SYED Shujaat Hussain",
      "role": "aandeelhouder",
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "SANHADJI EL HADDAR Ayoub",
      "role": "aandeelhouder",
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "OLIVER FERRER Christian Jos\u00E9-Andres",
      "role": "aandeelhouder",
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MOHAMMED Ali Sajjad Syed",
      "role": "aandeelhouder",
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MIZANUR Rahman",
      "role": "aandeelhouder",
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "BARAMIDZE Sandro",
      "role": "aandeelhouder",
      "n_shares": 15,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
05-09-2022 Capital increase of €50,000 to €56,000 Capital & shares·Quentin De Ruydts
  • €6.000 → €56.000
  • Inbreng in geld · Apport en numéraire
Notary: Quentin De Ruydts · Forest-BruxellesFirm: Jean MARTROYE DE JOLY & Quentin DE RUYDTS, Notaires associés
Technical details 
{
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      "kind": "capital_increase",
      "after_eur": 56000.0,
      "delta_eur": 50000.0,
      "before_eur": 6000.0,
      "subscribers": [
        {
          "kbo": null,
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          "kind": "person",
          "name": "MIZANUR Rahman",
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          "contribution_kind": "geld",
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        }
      ],
      "share_emission": {
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      },
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    },
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  "notary": {
    "name": "Quentin De Ruydts",
    "firm_city": null,
    "firm_name": "Jean MARTROYE DE JOLY \u0026 Quentin DE RUYDTS, Notaires associ\u00E9s",
    "office_city": "Forest-Bruxelles",
    "is_associated": true
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-09-05",
    "filing_date": "2022-09-01",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "assembl\u00E9e_generale_extraordinaire",
    "act_date": "2022-08-26",
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0733.887.746",
    "name_full": "Franchise Factory",
    "legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
    "is_foreign_registered": false
  },
  "publication_proxy": {
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "SYED Shujaat Hussain",
      "role": null,
      "n_shares": 40,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "SANHADJI EL HADDAR Ayoub",
      "role": null,
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "OLIVER FERRER Christian Jos\u00E9-Andres",
      "role": null,
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MOHAMMED Ali Sajjad Syed",
      "role": null,
      "n_shares": 20,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "MIZANUR Rahman",
      "role": null,
      "n_shares": 40,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
Legal nameFR Franchise Factory
Registered office
Kantersteen 49
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative