FURKAN
ActiveSummary
For FURKAN, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €16k and a net result of €13k. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 24633 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%
Credit advice for your own amount and term
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
Sector 47
higher
← 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 deadline24-09-2026 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 →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€16k▲ 565%
2022 · €2k
2018: €19k
2019: €17k
2020: €20k
2021: €11k
2022: €2k
2018 → 2023
Total assets
€240k▲ 9.9%
2022 · €218k
2018: €62k
2019: €79k
2020: €96k
2021: €182k
2022: €218k
2018 → 2023
Net result
€13k
2022 · €-8k
2018: €7k
2019: €-2k
2020: €3k
2021: €-10k
2022: €-8k
2018 → 2023
Working capital
€218k▲ 11.5%
2022 · €196k
2018: €58k
2019: €75k
2020: €94k
2021: €169k
2022: €196k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€17k-€20k▲ 14.9%€11k▼ 47.4%€2k▼ 77.8%€16k▲ 565%
Operating result€-842-€5k€-8k€-8k▼ 4.3%€14k
Net result€-2k-€3k€-10k€-8k▲ 13.7%€13k
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: €14k after a loss of €8k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €240k
Fixed assets
€9k ▼ 14.0%
Current assets
€231k ▲ 11.2%
Equity and liabilities €240k
Equity
€16k ▲ 565%
Debt
€224k ▲ 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
€15k▲
2022 · €-7k
Cash flow
€15k▲
2022 · €-7k
Current ratio
18.16▲
2022 · 17.24
Quick ratio
2.74▲
2022 · 2.51
Debt to equity
14.36▼
2022 · 91.95
ROE
85.0%▲
2022 · -349.5%
ROA
5.5%▲
2022 · -3.8%
Interest coverage
22.88▲
2022 · -31.67
Debt ≤ 1 year
€13k▲
2022 · €12k
Debt > 1 year
€211k▲
2022 · €204k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 43 lines
Balance sheet
Code20222023
Assets
Total assets20/58€218k€240k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Furniture and vehicles24€11k€9k▼
Current assets29/58€208k€231k▲
Stocks and contracts in progress3€177k€196k▲
Stocks30/36€177k€196k▲
Amounts receivable within one year40/41€22k€21k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€20k€20k▲
Cash at bank and in hand54/58€8k€12k▲
Deferred charges and accrued income490/1€571€1k▲
Equity and liabilities
Total equity and liabilities10/49€218k€240k▲
Equity10/15€2k€16k▲
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k-
Reserves not available under the articles1311€1k-
Distributable reserves133-€1k
Profit (loss) carried forward14€-18k€-4k▲
Amounts payable17/49€216k€224k▲
Amounts payable after more than one year17€204k€211k▲
Other amounts payable178/9€204k€211k▲
Amounts payable within one year42/48€12k€13k▲
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Taxes, remuneration and social security45-€7k
Taxes450/3-€7k
Accrued charges and deferred income492/3€31€619▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€125
Gross operating margin9900€-5k€17k▲
Operating profit (loss)9901€-8k€14k▲
Financial income75/76B€399€12▼
Recurring financial income75€399€12▼
Financial charges65/66B€220€675▲
Recurring financial charges65€220€675▲
Profit (loss) for the period before taxes9903€-8k€13k▲
Profit (loss) for the period9904€-8k€13k▲
Profit (loss) for the period to be appropriated9905€-8k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-4k▲
Profit (loss) brought forward from the previous period14P€-10k€-18k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €13k
Net result €13k 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 €-10k ▼465%
Net result drops to €-10k, 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 €3k
Net result €3k 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 €2k 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
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.
Moorselbaan 739300 AalstGround 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
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.132.060.493
Similar companies · same sector, comparable size
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JAMUNA PRESS SHOP
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TS Retail
BE 0748.846.136
Sint-Truiden · Eq €15,640
HARSIM
BE 0604.999.094
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BCS
BE 0742.622.694
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 3,937 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:053/787394