GARGARA
ActiveSummary
The computed 12-month bankruptcy probability of GARGARA is 11.2% (high). The 2025 annual accounts show negative equity (-€18,298) and a net result of -€43,487. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 13% of 13604 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 6 accounts on average 62 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €41,628 | €15,387 | ▼ 63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,013 | €5,336 | €5,336 | = |
| Other operating charges640/8 | - | - | €394 | - | €372 | - |
| Gross operating margin9900 | - | - | €4,376 | €43,936 | -€22,392 | ▼ 151% |
| Operating profit (loss)9901 | - | - | -€1,031 | -€3,029 | -€43,487 | ▼ 1,336% |
| Financial charges65/66B | - | - | €15,440 | - | - | - |
| Recurring financial charges65 | - | - | €15,440 | - | - | - |
| Non-recurring financial charges66B | - | - | €15,440 | - | - | - |
| Profit (loss) for the period before taxes9903 | - | - | -€16,471 | -€3,029 | -€43,487 | ▼ 1,336% |
| Profit (loss) for the period9904 | - | - | -€16,471 | -€3,029 | -€43,487 | ▼ 1,336% |
| Profit (loss) for the period to be appropriated9905 | - | - | -€16,471 | -€3,029 | -€43,487 | ▼ 1,336% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,248 | €29,248 | €28,218 | €30,587 | €27,065 | ▼ 11.5% |
| Fixed assets21/28 | - | - | €17,152 | €13,432 | €8,095 | ▼ 39.7% |
| Tangible fixed assets22/27 | - | - | €17,152 | €13,432 | €8,095 | ▼ 39.7% |
| Land and buildings22 | - | - | €2,901 | €1,450 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,293 | €969 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | €14,251 | €10,689 | €7,126 | ▼ 33.3% |
| Current assets29/58 | €29,248 | €29,248 | €11,066 | €17,155 | €18,970 | ▲ 10.6% |
| Stocks and contracts in progress3 | €15,440 | €15,440 | - | €9,660 | €9,660 | = |
| Stocks30/36 | €15,440 | €15,440 | - | €9,660 | €9,660 | = |
| Amounts receivable within one year40/41 | €601 | €601 | €9,058 | €6,410 | €9,280 | ▲ 44.8% |
| Other amounts receivable41 | €601 | €601 | €9,058 | €6,410 | €9,280 | ▲ 44.8% |
| Cash at bank and in hand54/58 | €13,207 | €13,207 | €2,007 | €1,086 | €31 | ▼ 97.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,248 | €29,248 | €28,218 | €30,587 | €27,065 | ▼ 11.5% |
| Equity10/15 | €29,248 | €29,248 | €28,218 | €25,189 | -€18,298 | ▼ 173% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | - | €25,000 | €25,000 | - | - | - |
| Share premium1100/10 | - | €25,000 | €25,000 | - | - | - |
| Reserves13 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Legal reserve130 | - | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | €2,500 | - | - | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €1,748 | €1,748 | €718 | -€2,311 | -€45,798 | ▼ 1,882% |
| Amounts payable17/49 | - | - | - | €5,398 | €45,364 | ▲ 740% |
| Amounts payable within one year42/48 | - | - | - | €5,398 | €45,364 | ▲ 740% |
| Trade debts44 | - | - | - | €1,209 | €12,042 | ▲ 896% |
| Suppliers440/4 | - | - | - | €1,209 | €12,042 | ▲ 896% |
| Taxes, remuneration and social security45 | - | - | - | €4,188 | €26,571 | ▲ 534% |
| Taxes450/3 | - | - | - | €4,188 | €21,716 | ▲ 418% |
| Remuneration and social security454/9 | - | - | - | - | €4,855 | - |
| Other amounts payable47/48 | - | - | - | - | €6,750 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | -€16,471 | -€3,029 | -€43,487 | ▼ 1,336% |
| + Depreciation and write-downs630 | - | - | €5,013 | €5,336 | €5,336 | = |
| Operating cash flow (approximation) | - | - | -€11,457 | €2,308 | -€38,151 | ▼ 1,753% |
| Investment in fixed assets (approximation) | - | - | - | -€1,616 | €0 | ▲ 100% |
| Change in cash | - | €0 | -€11,200 | -€922 | -€1,055 | ▼ 14.4% |
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
20-08
State Gazette act
Resignations: Timuçin ACAR (director and partner) and Tulay AKTAS (director and partner)Appointment: Ismail PEHLIVANOGLU (sole director and partner) · Director discharge · Share transfer11 facts ▸
- General meeting, 22-07-2026
- Director resignation, Timuçin ACAR (director and partner)
- Director resignation, Tulay AKTAS (director and partner)
- Director appointment, Ismail PEHLIVANOGLU (sole director and partner)
- Director discharge, Timuçin ACAR
- Director discharge, Tulay AKTAS
- Share transfer, Timuçin ACAR → Ismail PEHLIVANOGLU
- Share transfer, Tulay AKTAS → Ismail PEHLIVANOGLU
- Shareholding, part, 0
- Shareholding, Administrateur, parts
- Shareholding, part, 0
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Other functions 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0217/00B007 | Brussels | 264 m² | 1 · 163 m² | 15.5 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Ismail PEHLIVANOGLU |
|
| Timuçin ACAR |
|
| Tulay AKTAS |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- Timuçin ACAR
- Ismail PEHLIVANOGLU Administrateur · 100 shares
- Tulay AKTAS
- Timuçin ACAR to Ismail PEHLIVANOGLU 30 shares
- Tulay AKTAS to Ismail PEHLIVANOGLU 70 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.