Turnover
≈ €180,000 estimated
The micro format states no turnover.
ILGIN
Lifetime
2 annual accounts with figures on one time axispeak €33,327 (2025)
€33,327▲ €33,617
lowest -€3,015 (2024)
€25,954▲ €28,969
peak €31,939 (2025)
€31,939▲ 434%
€12,732▼ 51.4%
Board2 names since 2023
1 directorCANKAYA Mehmet Can
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€290 to €33,327Back to profit: €25,954Equity from €5,985 to €31,939Debts from €26,185 to €12,732Cash from €21,115 to €30,820
Key points
from the 2025 annual accountsLiquidity
2.79 was 0.82 in 2024
Short-term debts fell from €26,185 to €12,732.
Position in the sector
71.5%
Higher solvency than 85% of companies in food and beverage service. Sector median 29.5% · 17,162 companies.
2025 accounts filed 31 days after the deadline
Checked score
58
Fair
Financially stronger than 91% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 3.9%● unchanged vs 12-2024
02-2025: 4.1%▲ +0.2 percentage points vs 01-2025
03-2025: 4.4%▲ +0.3 percentage points vs 02-2025
04-2025: 4.6%▲ +0.2 percentage points vs 03-2025
05-2025: 4.9%▲ +0.3 percentage points vs 04-2025
06-2025: 4.9%● unchanged vs 05-2025
07-2025: 5.3%▲ +0.4 percentage points vs 06-2025highest value
08-2025: 5.2%▼ -0.1 percentage points vs 07-2025
09-2025: 2.1%▼ -3.1 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.2%▲ +0.1 percentage points vs 10-2025
12-2025: 2.3%▲ +0.1 percentage points vs 11-2025
01-2026: 2.2%▼ -0.1 percentage points vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.3%▲ +0.1 percentage points vs 02-2026
04-2026: 2.3%● unchanged vs 03-2026
05-2026: 2.3%● unchanged vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.5%▲ +0.2 percentage points vs 06-2026
08-2026: 3.0%▲ +0.5 percentage points vs 07-2026
09-2026: 1.6%▼ -1.4 percentage points vs 08-2026lowest value
10-2026: 1.6%● unchanged vs 09-2026lowest value
11-2026: 1.6%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €44,671
Founded in 2023
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 2.79, cash €30,820
Calculation
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 85% of them on solvency, 90% on liquidity, 93% on profitability and 98% 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ILGIN has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ILGIN itself: 1.6% within 12 months.
Test of the method
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 39,278 companies, not a prediction for ILGIN. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.79 (0.82 in 2024), above the usual 1.5. Short-term debt is 28.5% and cash 69% of total assets. 28.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
31 days late
2024
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 27 days after 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1002449072
Resignation: Hacire Cankaya (director)
Appointment: Hacire Cankaya (director) · General meeting of 16-01-2024 · Gazette deed
First establishment
Hendrik Brugmansstraat 4, Bruges
Incorporation
Appointments: CANKAYA Mehmet Can (director) and Hacire Cankaya (director) · published on 22-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ILGIN Bruges | €44,671 | €33,327 | 71.5% | - |
| REFILD Middelkerke | €43,374 | €31,900 | 25.3% | - |
| TA Heusden-Zolder | €44,445 | €30,983 | 74.9% | - |
| MADYAR Sint-Gillis (bij-Brussel) | €46,747 | €34,168 | 70.7% | - |
| ALIRAQIYA Ternat | €47,395 | €30,576 | 27.7% | - |
| Z&G COMPANY Antwerp | €42,284 | €37,434 | -27.6% | - |
| JOUIED Dilbeek | €48,169 | €30,149 | 3.4% | - |
These companies have the same main activity as ILGIN: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €42,300 and €48,200, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 20-11-2023Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.352.714.7098000 Bruges, since 01-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2025
Insights on ILGIN
The computed 12-month bankruptcy probability of ILGIN is 1.6% (moderate). The 2025 annual accounts show equity of €31,939 and a net result of €25,954.
Its solvency ranks better than 85% of 17,162 sector peers (NACE 56, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ILGIN
- What is the company number of ILGIN?
- The company number of ILGIN is 1002.449.072. The VAT number is the same number with BE in front: BE 1002.449.072.
- Where is ILGIN based?
- The registered office is at Hendrik Brugmansstraat 4, 8000 Bruges.Company details
- What does ILGIN do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of ILGIN?
- ILGIN is a private limited company (BV).
- When was ILGIN founded?
- ILGIN was founded on 20-11-2023.
- Is ILGIN still active?
- Yes, ILGIN is an active enterprise in the KBO register.
- What is the turnover of ILGIN?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €33,327 and 67 comparable companies (NACE 56112). It probably lies between €140,000 and €240,000.Financials
- Is ILGIN profitable?
- In financial year 2025, ILGIN made a profit of €25,954.
- Where can I find the annual accounts of ILGIN?
- ILGIN filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ILGIN due?
- ILGIN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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