FURKAN
ActiveSummary
For FURKAN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €15,630 and a net result of €13,280. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 24619 sector peers (fiscal year 2023). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability76▲+62
Solvency32▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
6.5%
Return on assets
5.5%
Age of the figures
33 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-06-2024, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
40 d early
2022
43 d early
2021
52 d early
2020
54 d early
2019
55 d early
← 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 49 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€15,630▲ 565%
2022 · €2,350
Total assets
€240,123▲ 9.9%
2022 · €218,399
Net result
€13,280
2022 · -€8,212
Working capital
€218,220▲ 11.5%
2022 · €195,662
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€842€4,705-€8,044-€8,391▼ 4.3%€13,943
Net result-€1,821€2,606within the sector's middle half-€9,520below the sector's middle half-€8,212below the sector's middle half▲ 13.7%€13,280within the sector's middle half
Equity€17,476▼ 9.4%€20,082within the sector's middle half▲ 14.9%€10,562within the sector's middle half▼ 47.4%€2,350below the sector's middle half▼ 77.8%€15,630within the sector's middle half▲ 565%
Total assets€79,410▲ 28.4%€95,749within the sector's middle half▲ 20.6%€182,066within the sector's middle half▲ 90.1%€218,399within the sector's middle half▲ 20.0%€240,123within the sector's middle half▲ 9.9%
Debt€61,934▲ 45.5%€75,667▲ 22.2%€171,504▲ 127%€216,050▲ 26.0%€224,493▲ 3.9%
Working capital€75,050▲ 29.0%€93,859above the sector's middle half▲ 25.1%€168,683above the sector's middle half▲ 79.7%€195,662above the sector's middle half▲ 16.0%€218,220above the sector's middle half▲ 11.5%
Solvency22.0%▼ 9.2pp21.0%within the sector's middle half▼ 1.0pp5.8%below the sector's middle half▼ 15.2pp1.1%below the sector's middle half▼ 4.7pp6.5%within the sector's middle half▲ 5.4pp
Current ratio32.80▼ 24.5275.11above the sector's middle half17.24above the sector's middle half▼ 57.8818.16above the sector's middle half▲ 0.92
Return on assets (ROA)-2.3%▼ 14.1pp2.7%within the sector's middle half▲ 5.0pp-5.2%below the sector's middle half▼ 8.0pp-3.8%below the sector's middle half▲ 1.5pp5.5%within the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 2023: €13,943 after a loss of €8,391 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €240,123
Fixed assets
€9,186 ▼ 14.0%
Current assets
€230,937 ▲ 11.2%
Equity and liabilities €240,123
Equity
€15,630 ▲ 565%
Debt
€224,493 ▲ 3.9%
Debt's share of the balance-sheet total falls from 98.9% to 93.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,443▲
2022 · -€6,966
Cash flow
€14,781▲
2022 · -€6,787
Quick ratio
2.74▲
2022 · 2.51
Debt to equity
14.36▼
2022 · 91.95
ROE
85.0%▲
2022 · -349.5%
Interest coverage
22.88▲
2022 · -31.67
Debt ≤ 1 year
€12,717▲
2022 · €12,051
Debt > 1 year
€211,158▲
2022 · €203,967
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €666 | €400 | €493 | €1,426 | €1,501 | ▲ 5.3% |
| Other operating charges640/8 | - | - | €553 | €1,777 | €1,761 | ▼ 0.9% |
| Non-recurring operating charges66A | - | - | - | - | €125 | - |
| Gross operating margin9900 | €605 | €5,647 | -€6,998 | -€5,188 | €17,330 | ▲ 434% |
| Operating profit (loss)9901 | -€842 | €4,705 | -€8,044 | -€8,391 | €13,943 | ▲ 266% |
| Financial income75/76B | - | - | €41 | €399 | €12 | ▼ 96.9% |
| Recurring financial income75 | - | - | €41 | €399 | €12 | ▼ 96.9% |
| Non-recurring financial income76B | - | - | €41 | - | - | - |
| Financial charges65/66B | - | - | €1,517 | €220 | €675 | ▲ 207% |
| Recurring financial charges65 | €1,093 | €2,099 | €1,517 | €220 | €675 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | -€1,821 | €2,606 | -€9,520 | -€8,212 | €13,280 | ▲ 262% |
| Profit (loss) for the period9904 | -€1,821 | €2,606 | -€9,520 | -€8,212 | €13,280 | ▲ 262% |
| Profit (loss) for the period to be appropriated9905 | -€1,821 | €2,606 | -€9,520 | -€8,212 | €13,280 | ▲ 262% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,410 | €95,749 | €182,066 | €218,399 | €240,123 | ▲ 9.9% |
| Fixed assets21/28 | €2,000 | €1,600 | €11,107 | €10,686 | €9,186 | ▼ 14.0% |
| Tangible fixed assets22/27 | €2,000 | €1,600 | €11,107 | €10,686 | €9,186 | ▼ 14.0% |
| Furniture and vehicles24 | - | - | €11,107 | €10,686 | €9,186 | ▼ 14.0% |
| Current assets29/58 | €77,410 | €94,149 | €170,959 | €207,713 | €230,937 | ▲ 11.2% |
| Stocks and contracts in progress3 | €67,012 | €84,762 | €147,012 | €177,491 | €196,109 | ▲ 10.5% |
| Stocks30/36 | - | - | €147,012 | €177,491 | €196,109 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €3,477 | €3,341 | €11,505 | €21,787 | €21,431 | ▼ 1.6% |
| Trade receivables40 | - | - | €9,795 | €2,014 | €1,391 | ▼ 30.9% |
| Other amounts receivable41 | - | - | €1,710 | €19,773 | €20,040 | ▲ 1.3% |
| Current investments50/53 | €1,710 | €1,710 | - | - | - | - |
| Cash at bank and in hand54/58 | €5,211 | €4,336 | €12,442 | €7,864 | €12,341 | ▲ 56.9% |
| Deferred charges and accrued income490/1 | - | - | - | €571 | €1,056 | ▲ 85.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,410 | €95,749 | €182,066 | €218,399 | €240,123 | ▲ 9.9% |
| Equity10/15 | €17,476 | €20,082 | €10,562 | €2,350 | €15,630 | ▲ 565% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,220 | €1,482 | €1,482 | €1,482 | €1,482 | = |
| Non-distributable reserves130/1 | - | - | €1,482 | €1,482 | - | - |
| Reserves not available under the articles1311 | - | - | €1,482 | €1,482 | - | - |
| Distributable reserves133 | - | - | - | - | €1,482 | - |
| Profit (loss) carried forward14 | -€2,344 | -€523 | -€9,520 | -€17,732 | -€4,452 | ▲ 74.9% |
| Amounts payable17/49 | €61,934 | €75,667 | €171,504 | €216,050 | €224,493 | ▲ 3.9% |
| Amounts payable after more than one year17 | €59,574 | €75,377 | €169,228 | €203,967 | €211,158 | ▲ 3.5% |
| Financial debts170/4 | - | - | €169,228 | - | - | - |
| Other amounts payable178/9 | - | - | - | €203,967 | €211,158 | ▲ 3.5% |
| Amounts payable within one year42/48 | €2,360 | €290 | €2,276 | €12,051 | €12,717 | ▲ 5.5% |
| Trade debts44 | €2,360 | €290 | €2,276 | €12,051 | €5,402 | ▼ 55.2% |
| Suppliers440/4 | - | - | €2,276 | €12,051 | €5,402 | ▼ 55.2% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,315 | - |
| Taxes450/3 | - | - | - | - | €7,315 | - |
| Accrued charges and deferred income492/3 | - | - | - | €31 | €619 | ▲ 1,880% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,821 | €2,606 | -€9,520 | -€8,212 | €13,280 | ▲ 262% |
| + Depreciation and write-downs630 | €666 | €400 | €493 | €1,426 | €1,501 | ▲ 5.3% |
| Operating cash flow (approximation) | -€1,155 | €3,006 | -€9,027 | -€6,787 | €14,781 | ▲ 318% |
| Investment in fixed assets (approximation) | - | €0 | -€10,000 | -€1,005 | €0 | ▲ 100% |
| Change in cash | - | -€875 | €8,106 | -€4,578 | €4,476 | ▲ 198% |
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
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13,280
Net result €13,280 after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€9,520
Net result drops to -€9,520, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,606
Net result €2,606 after one loss-making year.
31-12
Financial
Liquidity times 10current ratio 325.05
Current ratio from 32.80 to 325.05; short-term debt falls from €2,360 to €290.
06-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2003
Ground area
232 m²
Building footprint
193 m²
Volume, LiDAR
1,746 m³
Parcel 41304F0943/00N003, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FURKAN BVBA
since 20032.132.060.493
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304F0943/00N003 | Flanders | 232 m² | 1 · 193 m² | 10.0 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 siteAalst2.132.060.493
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 3,936 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
Founded28-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47120Other non-specialised retail sale
Contact
Phone
053/787394
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480291441
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.