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ILHAN 19

Active
Private limited companyfounded 20241 yr activeSint-Truidersteenweg 459, 3500 Hasselt, BelgiumKBO/BCE: BE 1014.548.932
Summary

The computed 12-month bankruptcy probability of ILHAN 19 is 2.4% (moderate). The 2025 annual accounts show equity of €15,154 and a net result of €7,654. Its solvency ranks better than 60% of 13617 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability95
Solvency67
Growth-
Track record67
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.25; short-term debt: 57.7% and cash: 31.1% of total assets), and 57.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
42.3%
Return on assets
21.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
32 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

ILHAN 19 was incorporated on 2 October 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€15,154
Total assets
€35,817
Net result
€7,654
Working capital
€5,203

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €35,817
Fixed assets €9,952
Current assets €25,865
Equity and liabilities €35,817
Equity €15,154
Debt €20,662
Debt finances 57.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€10,953
Cash flow
€8,493
Current ratio
1.25
Quick ratio
0.55
Debt to equity
1.36
ROE
50.5%
ROA
21.4%
Interest coverage
16.16
Debt ≤ 1 year
€20,662
Income taxes
€1,788

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 11,280 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€35,817
Fixed assets21/28€9,952
Tangible fixed assets22/27€4,212
Plant, machinery and equipment23€4,212
Financial fixed assets28€5,740
Current assets29/58€25,865
Stocks and contracts in progress3€14,427
Stocks30/36€14,427
Amounts receivable within one year40/41€308
Other amounts receivable41€308
Cash at bank and in hand54/58€11,130
Equity and liabilities
Total equity and liabilities10/49€35,817
Equity10/15€15,154
Contributions10/11€7,500
Reserves13€7,654
Distributable reserves133€7,654
Amounts payable17/49€20,662
Amounts payable within one year42/48€20,662
Trade debts44€2,693
Suppliers440/4€2,693
Taxes, remuneration and social security45€1,788
Taxes450/3€1,788
Other amounts payable47/48€16,181
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€838
Other operating charges640/8€551
Gross operating margin9900€11,504
Operating profit (loss)9901€10,114
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€678
Recurring financial charges65€678
Profit (loss) for the period before taxes9903€9,442
Income taxes67/77€1,788
Profit (loss) for the period9904€7,654
Profit (loss) for the period to be appropriated9905€7,654
Appropriation of the result
Profit (loss) to be appropriated9906€7,654
Transfer to equity691/2€7,654
To other reserves6921€7,654

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€838
Other operating charges640/8€551
Gross operating margin9900€11,504
Operating profit (loss)9901€10,114
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€678
Recurring financial charges65€678
Profit (loss) for the period before taxes9903€9,442
Income taxes67/77€1,788
Profit (loss) for the period9904€7,654
Profit (loss) for the period to be appropriated9905€7,654
Line2025
Assets
Total assets20/58€35,817
Fixed assets21/28€9,952
Tangible fixed assets22/27€4,212
Plant, machinery and equipment23€4,212
Financial fixed assets28€5,740
Current assets29/58€25,865
Stocks and contracts in progress3€14,427
Stocks30/36€14,427
Amounts receivable within one year40/41€308
Other amounts receivable41€308
Cash at bank and in hand54/58€11,130
Equity and liabilities
Total equity and liabilities10/49€35,817
Equity10/15€15,154
Contributions10/11€7,500
Reserves13€7,654
Distributable reserves133€7,654
Amounts payable17/49€20,662
Amounts payable within one year42/48€20,662
Trade debts44€2,693
Suppliers440/4€2,693
Taxes, remuneration and social security45€1,788
Taxes450/3€1,788
Other amounts payable47/48€16,181
Line2025
Profit (loss) for the period9904€7,654
+ Depreciation and write-downs630€838
Operating cash flow (approximation)€8,493

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
01-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 32 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
2,448 m²
Building footprint
279 m²
Volume, LiDAR
1,401 m³
Parcel 71052B0108/00H000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
ILHAN 19
Sint-Truidersteenweg 459, 3500 HasseltFood and beverage service activities
since 20242.365.200.290
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71052B0108/00H000 Flanders 2,448 m² 1 · 279 m² 7.5 m · 2 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 site
Hasselt2.365.200.290
1 permission
Toelating · Eetgelegenheid · since 22-11-2024

Similar companies · same sector, comparable size

Of 21,853 companies in sector 56112 we hold annual accounts for 9,778. 7,696 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
Founded02-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014548932
Also 9925:BE1014548932
Registered 18-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.