Kafkas
ActiveKafkas has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €332k and a net result of €68k. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 13240 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 7.87 against 9.15 in 2024; short-term debt: 11.5% and cash: 21.5% of total assets), and 17% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83%
Return on assets
16.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
31 d early
2023
34 d early
2022
38 d early
2021
37 d early
2020
36 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€332k▲ 25.6%
2024 · €264k
2018: €48k
2019: €88k
2020: €108k
2021: €148k
2022: €166k
2023: €188k
2024: €264k
2018 → 2025
Total assets
€400k▲ 31.4%
2024 · €305k
2018: €84k
2019: €149k
2020: €165k
2021: €179k
2022: €229k
2023: €220k
2024: €305k
2018 → 2025
Net result
€68k▼ 11.8%
2024 · €77k
2018: €42k
2019: €40k
2020: €19k
2021: €41k
2022: €17k
2023: €22k
2024: €77k
2018 → 2025
Working capital
€317k▲ 25.8%
2024 · €252k
2018: €42k
2019: €81k
2020: €102k
2021: €141k
2022: €169k
2023: €178k
2024: €252k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€148k-€166k▲ 11.7%€188k▲ 13.3%€264k▲ 40.9%€332k▲ 25.6%
Operating result€62k-€22k▼ 64.2%€17k▼ 24.3%€90k▲ 437%€100k▲ 11.6%
Net result€41k-€17k▼ 57.4%€22k▲ 26.8%€77k▲ 249%€68k▼ 11.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€38k▲ 71.3%
Current assets
€363k▲ 28.3%
Equity and liabilities €400k
Equity
€332k▲ 25.6%
Debt
€68k▲ 69.6%
The debt ratio rises from 13.2% to 17.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110k▲
2024 · €93k
Cash flow
€78k▼
2024 · €80k
Solvency
83.0%▼
2024 · 86.8%
Current ratio
7.87▼
2024 · 9.15
Quick ratio
7.28▼
2024 · 8.65
Debt / equity
0.21▲
2024 · 0.15
ROE
20.4%▼
2024 · 29.0%
ROA
16.9%▼
2024 · 25.2%
Interest coverage
13.27▼
2024 · 18.95
Debt
€68k▲
2024 · €40k
Debt ≤ 1 year
€46k▲
2024 · €31k
Debt > 1 year
€22k▲
2024 · €9k
Income taxes
€34k▲
2024 · €22k
Staff costs
€41k▲
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€305k€400k▲
Fixed assets21/28€22k€38k▲
Tangible fixed assets22/27€17k€33k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€15k€31k▲
Financial fixed assets28€5k€5k=
Current assets29/58€283k€363k▲
Stocks and contracts in progress3€15k€27k▲
Stocks30/36€15k€27k▲
Amounts receivable within one year40/41€210k€249k▲
Trade receivables40€10k€22k▲
Other amounts receivable41€200k€227k▲
Cash at bank and in hand54/58€58k€86k▲
Equity and liabilities
Total equity and liabilities10/49€305k€400k▲
Equity10/15€264k€332k▲
Contributions10/11€6k€6k=
Reserves13€2k€62k▲
Distributable reserves133€2k€62k▲
Profit (loss) carried forward14€256k€264k▲
Amounts payable17/49€40k€68k▲
Amounts payable after more than one year17€9k€22k▲
Financial debts170/4€9k€22k▲
Amounts payable within one year42/48€31k€46k▲
Current portion of amounts payable after more than one year42€9k€14k▲
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3-€11k
Remuneration and social security454/9€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€34k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€405-
Gross operating margin9900€130k€156k▲
Operating profit (loss)9901€90k€100k▲
Financial income75/76B€14k€10k▼
Recurring financial income75€14k€10k▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€99k€102k▲
Income taxes67/77€22k€34k▲
Profit (loss) for the period9904€77k€68k▼
Profit (loss) for the period to be appropriated9905€77k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€256k€324k▲
Profit (loss) brought forward from the previous period14P€180k€256k▲
Transfer to equity691/2-€60k
To other reserves6921-€60k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €77k ▲249%
Net result €77k, the highest in the series.
31-12
Financial
Equity above €200kEq €264k ▲40.9%
7 profitable years in a row build equity to €264k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €17k ▼57.4%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €166k ▲11.7%
5 profitable years in a row build equity to €166k.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.38
Current ratio from 2.92 to 6.38; short-term debt falls from €53k to €26k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €108k ▲21.8%
3 profitable years in a row build equity to €108k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Aartselaar · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapellestraat 752630 AartselaarGround area
217 m²
Building footprint
67 m²
Volume, LiDAR
196 m³
Parcel 11001C0266/00A003, Flanders · tallest building 3.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TUBA
since 20172.267.209.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001C0266/00A003 | Flanders | 217 m² | 1 · 67 m² | 3.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteAartselaar2.267.209.407
Similar companies · same sector, comparable size
SIX NATIONS
BE 0831.957.419
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VALOR CAFÉ
BE 0556.727.540
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Mango Café
BE 0896.020.672
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LE POT CHARLES QUINT
BE 0439.010.023
Walcourt · Eq €336k
DU PHARE
BE 0444.723.818
Brugge · Eq €336k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 2,498 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2017
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.