Equity
Hünkar paid out €2,083 in dividends. That is 3% of the 2025 profit.
Hünkar paid out €2,083 in dividends. That is 3% of the 2025 profit.
The result fell in 2025 from €121,730 to €67,464.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 565.9% higher than in 2024.
In 2025, 18 people joined and 13 left.
More equity than 95% of companies in food and beverage service. Sector median €28,639 · 17,193 companies.
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 94% of them on solvency, 64% on liquidity, 69% on profitability and 60% on growth.
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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 34,693 companies had the same profile as Hünkar has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of Hünkar itself: 0.5% within 12 months.
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 34,693 companies, not a prediction for Hünkar. 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.
Liquidity is ample, with a current ratio of 2.73 (3.29 in 2024), above the usual 1.5. Short-term debt is 12.6% and cash 9.5% of total assets. 12.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 62 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Hünkar Lievegem | €602,793 | €277,254 | 87.4% | - |
| De Vlieger T Beveren-Kruibeke-Zwijndrecht | €689,304 | €331,289 | 14.9% | - |
| BRUYNDAEL Poperinge | €629,033 | €252,907 | 63.2% | - |
| TENDANCE GLACEE Namur | €615,186 | €247,899 | -7.2% | - |
| Friterie du Circuit Mettet | €522,259 | €285,450 | 86.3% | 1.4 |
| Varonos Antwerp | €621,810 | €254,892 | 21.6% | - |
| THE FOOD COMPANY Antwerp | €594,010 | €314,606 | 27.8% | - |
These companies have the same main activity as Hünkar: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €522,000 and €689,000, founded between 2011 and 2013.
Hünkar files the micro format. That format states no turnover. The gross margin rose from €231,506 in 2021 to €277,254 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €790,000. Estimated: probably between €650,000 and €870,000.
Higher than 95% of 17,162 companies in 2025.
Higher than 81% of 16,586 companies in 2025.
Higher than 66% of 16,669 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 18 people joined and 13 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
602,793 | 541,765 | 457,625 | 341,146 | 244,971 | |
21/28 |
396,340 | 290,775 | 140,700 | 75,753 | 12,200 | |
22/27 |
396,150 | 290,585 | 140,510 | 75,703 | 12,150 | |
23 |
113,485 | 17,042 | 11,818 | 3,389 | 4,338 | |
24 |
39,761 | 37,586 | 37,814 | 38,430 | 1,455 | |
26 |
242,905 | 235,957 | 90,878 | 33,884 | 6,357 | |
28 |
190 | 190 | 190 | 50 | 50 | |
29/58 |
206,453 | 250,990 | 316,925 | 265,394 | 232,772 | |
29 |
66,171 | 68,763 | 71,288 | 75,352 | 77,707 | |
291 |
66,171 | 68,763 | 71,288 | 75,352 | 77,707 | |
3 |
20,631 | 8,042 | 5,154 | 3,842 | 3,765 | |
30/36 |
20,631 | 8,042 | 5,154 | 3,842 | 3,765 | |
40/41 |
57,707 | 28,992 | 19,246 | 19,707 | 5,032 | |
40 |
2,291 | - | - | - | - | |
41 |
55,416 | 28,992 | 19,246 | 19,707 | 5,032 | |
54/58 |
56,990 | 134,905 | 211,700 | 160,277 | 141,534 | |
490/1 |
4,955 | 10,289 | 9,537 | 6,216 | 4,734 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
602,793 | 541,765 | 457,625 | 341,146 | 244,971 | |
10/15 |
527,070 | 461,688 | 364,964 | 274,381 | 192,045 | |
10/11 |
500 | 500 | 500 | 500 | 500 | |
13 |
526,570 | 461,188 | 364,464 | 273,881 | 191,545 | |
133 |
526,570 | 461,188 | 364,464 | 273,881 | 191,545 | |
17/49 |
75,724 | 80,077 | 92,662 | 66,765 | 52,927 | |
17 |
- | 3,880 | 11,527 | 19,025 | - | |
170/4 |
- | 3,880 | 11,527 | 19,025 | - | |
42/48 |
75,724 | 76,197 | 79,334 | 47,075 | 51,723 | |
42 |
3,880 | 7,647 | 7,498 | 7,352 | - | |
44 |
17,051 | 14,981 | 29,540 | 10,732 | 10,986 | |
440/4 |
17,051 | 14,981 | 29,540 | 10,732 | 10,986 | |
45 |
47,149 | 28,563 | 22,716 | 27,848 | 34,487 | |
450/3 |
11,563 | 16,241 | 13,258 | 16,647 | 21,598 | |
454/9 |
35,585 | 12,322 | 9,458 | 11,201 | 12,889 | |
47/48 |
7,644 | 25,006 | 19,580 | 1,143 | 6,250 | |
492/3 |
- | - | 1,800 | 665 | 1,204 | |
| Income statement | ||||||
9900 |
277,254 | 306,032 | 249,285 | 222,963 | 231,506 | |
62 |
128,887 | 102,147 | 70,397 | 92,683 | 65,771 | |
630 |
52,484 | 28,701 | 16,991 | 9,486 | 6,785 | |
640/8 |
544 | 1,305 | 1,212 | 5,451 | 468 | |
9901 |
95,340 | 173,878 | 160,685 | 115,343 | 158,482 | |
75/76B |
1,910 | 2,223 | 2,681 | 2,728 | 1,641 | |
75 |
1,910 | 2,223 | 2,681 | 2,728 | 1,641 | |
65/66B |
6,491 | 5,535 | 8,482 | 2,003 | 391 | |
65 |
6,491 | 5,535 | 8,482 | 2,003 | 391 | |
9903 |
90,758 | 170,566 | 154,884 | 116,069 | 159,732 | |
67/77 |
23,294 | 48,836 | 44,721 | 32,589 | 44,793 | |
9904 |
67,464 | 121,730 | 110,163 | 83,480 | 114,939 | |
9905 |
67,464 | 121,730 | 110,163 | 83,480 | 114,939 | |
| Appropriation of the result | ||||||
9906 |
67,464 | 121,730 | 110,163 | 83,480 | 114,939 | |
791/2 |
- | 25,006 | 18,438 | - | - | |
691/2 |
65,382 | 121,730 | 109,020 | 82,337 | 108,689 | |
6921 |
65,382 | 121,730 | 109,020 | 82,337 | 108,689 | |
694/7 |
2,083 | 25,006 | 19,580 | 1,143 | 6,250 | |
694 |
2,083 | 25,006 | 19,580 | 1,143 | 6,250 | |
| Social balance sheet | ||||||
9087 |
2.5 | 2.6 | 2 | 3.9 | 2.8 | |
Hours worked1013 |
4,507 | 4,101 | 3,472 | 4,704 | 3,353 | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00133416 | |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00097516 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00136149 | |
| 31-12-2022 | micro format | 29-05-2023 | 2023-00096518 | |
| 31-12-2021 | micro format | 23-05-2022 | 2022-20033812 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,000 | €2,000 |
| 2024 | 1 | €2,000 | €2,000 |
| 2023 | 1 | €2,000 | €2,000 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 147,824 | 202,579 | 177,676 | 124,829 | 165,267 | ||
| 119,949 | 150,431 | 127,154 | 92,965 | 121,724 | ||
| 158,111 | 178,776 | 81,938 | 73,039 | 2,075 | ||
| -77,915 | -76,795 | 51,423 | 18,743 | - | ||
| 130,730 | 174,793 | 237,591 | 218,319 | 181,049 | ||
| 87.4% | 85.2% | 79.8% | 80.4% | 78.4% | ||
| 2.73 | 3.29 | 3.99 | 5.64 | 4.50 | ||
| 2.45 | 3.19 | 3.93 | 5.56 | 4.43 | ||
| 0.14 | 0.17 | 0.25 | 0.24 | 0.28 | ||
| 12.8% | 26.4% | 30.2% | 30.4% | 59.9% | ||
| 11.2% | 22.5% | 24.1% | 24.5% | 46.9% | ||
| 22.77 | 36.60 | 20.95 | 62.33 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 2 | 3 | 2 | 4 |
| full-time | 6 | 2 | 1 | 1 | 3 |
| part-time | 1 | - | 2 | 1 | 1 |
| in full-time equivalents | 6.9 | 2 | 2 | 1.8 | 3.6 |
| 2.5 | 2.6 | 2 | 3.9 | 2.8 | |
| On a permanent contract | 5 | 2 | - | 1 | 2 |
| Joined | 18 | 11 | 35 | 66 | 61 |
| Left | 13 | 12 | 40 | 68 | 60 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €158,111 | €178,776 | €81,798 | €73,039 | €2,075 |
| Financial fixed assets | - | - | €140 | - | - |
| €52,484 | €28,701 | €16,991 | €9,486 | €6,785 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 45% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 14.8% to 12.6%. Equity is higher and debt is lower.
Hünkar has no parent and no holdings in its annual accounts. Yalcin GÜÇLÜ is the only director. Hünkar shares no director with another company.
| Abdulhakim, Najmudin (sole trader)
establishment since 30-10-2023 |
founded in 2023 1001.540.143 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Hunkar - Lievegem registered office Grote Baan 72, 9920 Lievegem 56111 Full-service restaurants | 23-10-2025 | 2.379.959.930 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44036A1845/00V002 | 1,013 m² | 1 · 234 m² | 12.1 m · 2 |
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