Active BE 0457.984.906Private limited company (pre-2019)

ISTANBUL CONCEPTION

Paleizenstraat 224 ·1030 Schaarbeek, Belgium· 30 yrs active

Conclusion Checked

The computed 12-month bankruptcy probability of ISTANBUL CONCEPTION is 4.4% (elevated). The 2022 annual accounts show equity of €1k and a net result of €-16k. Equity is growing by ~18.9% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€1k
Net result	€-16k
Staff (FTE)	0.3
Active	30 yrs

Snowflake analysis 5 axes · computed by Checked

31 / 100

Fragile profile, watch profitability in particular.

Health 7

Profitability 0

Solvency 16

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

4.4% Elevated

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +No NACE activity registered +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1996, 30 years in business.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

7 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-08-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.9%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€-14k

- 18-22

Net profit

€-16k

- 18-22

Cash flow

€-15k

- 18-22

Total assets

€13k

-32.2% 18-22

Equity

€1k

-91.4% 18-22

Working capital

€-293

- 18-22

Employees (FTE)

0

- 18-22

Staff costs

€2k

- 18-22

Income taxes

€292

- 18-22

Debt

€12k

+91.1% 18-22

Debt ≤ 1y

€12k

+91.1% 18-22

Current ratio

0.98

-68.3% 18-22

Quick ratio

0.83

-70.8% 18-22

Solvency

8.5%

-87.4% 18-22

Debt / equity

10.72

+2129.8% 18-22

ROE

-1400.0%

- 18-22

ROA

-119.5%

- 18-22

Interest coverage

-19.42

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€-14k
Net profit	€-16k
Cash flow	€-15k
Staff costs	€2k
Income taxes	-
Dividends	-
Total assets	€13k
Equity	€1k
Debt	€12k
of which ≤ 1y	€12k
of which > 1y	-
Working capital	€-293
Employees (FTE)	0.3

Ratios (computed)

	2022
Current ratio	0.98
Quick ratio	0.83
Working capital ratio	-2.2%
Solvency	8.5%
Debt / equity	10.72
Long-term debt ratio	-
Interest coverage	-19.42
Gross margin	-
Net margin	-
ROA	-119.5%
ROE	-1400.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €1k · 10.8% Current assets €12k · 89.2%

Equity & liabilities

Equity €1k · 8.5% Debt €12k · 91.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€13k
Fixed assets	21/28	€1k
Tangible fixed assets	22/27	€1k
Current assets	29/58	€12k
Stocks & contracts in progress	3	€2k
Amounts receivable within one year	40/41	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13k
Equity	10/15	€1k
Contributions / capital	10/11	€19k
Reserves	13	€37
Accumulated profits (losses)	14	€-18k
Amounts payable	17/49	€12k
Amounts payable within one year	42/48	€12k
Trade debts payable within one year	44	€7k
Income statement
Gross operating margin	9900	€-12k
Operating result	9901	€-15k
Financial charges	65	€746
Result before taxes	9903	€-16k
Net result for the period	9904	€-16k
Result to be appropriated	9905	€-16k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	-
Legal form	Private limited company (pre-2019)(015)
Incorporation	15-05-1996
Status	Active
Postal code	1030

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21910E0047/00X009	Brussels	111 m²	1 · 101 m²	18.0 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

30-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

09-06-2023

State Gazette act Capital & shares

16-01-2023

State Gazette act Capital & shares

2022

22-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

31-05-2022

State Gazette act Capital & shares

29-04-2022

State Gazette act Capital & shares

2021

30-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

07-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

23-09-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

30-09-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

30-03-2018

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2015

30-09-2015

NBB filing Annual accounts filed

fiscal year 2014 · volledig

2014

27-08-2014

NBB filing Annual accounts filed

fiscal year 2013 · volledig

2013

31-07-2013

NBB filing Annual accounts filed

fiscal year 2012 · volledig

Belgisch Staatsblad, acts 4 acts

Capital history · 4

09-06-2023

Capital change

16-01-2023

Capital change

31-05-2022

Capital change

29-04-2022

Capital change

All acts · 4 updated 3 years ago

2023

09-06-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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16-01-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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  "decision": {
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    "act_date": "2022-12-31",
    "unanimous": null,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
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      "share_class": null
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2022

31-05-2022 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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    "act_date": "2022-05-12",
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    "underlying_resolution_date": "2022-05-12"
  },
  "bedrijfsrevisor": null,
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    "is_foreign_registered": true
  },
  "publication_proxy": {
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  "co_filed_documents": [],
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      "name": "ASPARUHOV Svetoslav",
      "role": "g\u00E9rant_statutaire",
      "n_shares": 675,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
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      "name": "ANGELOV Svetlin",
      "role": "simple_associ\u00E9",
      "n_shares": 75,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
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      "name": "ERDOGAN Sait",
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      "n_shares": 0,
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29-04-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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          "kbo": null,
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          "kind": "person",
          "name": "SAMAT Bayram",
          "share_class": null,
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        },
        {
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      ],
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  ],
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  },
  "act_meta": {
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    "pub_date": "2022-04-29",
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  },
  "bedrijfsrevisor": null,
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    "name_full": "ISTANBUL CONCEPTION",
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  },
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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameFR

ISTANBUL CONCEPTION

Registered office

Paleizenstraat 224

1030 Schaarbeek, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.