KAMINSKY
ActiveSummary
KAMINSKY has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,384 and a net result of -€22,465. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 3757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-48
Solvency70▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.58 in 2024; short-term debt: 38.2% and cash: 38.1% of total assets), and 55.3% of the assets are financed with debt.
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Signals
Three 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filingsDeviation from the deadline
2025
21 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€140,384▼ 13.8%
2024 · €162,849
Total assets
€314,054▼ 7.0%
2024 · €337,603
Net result
-€22,465
2024 · €15,188
Working capital
€34,183▼ 44.0%
2024 · €61,079
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,062▲ 7.7%€1,130▼ 98.5%€6,524▲ 477%€29,182▲ 347%-€14,990
Net result€71,198▲ 31.0%-€6,950-€1,218▲ 82.5%€15,188-€22,465
Equity€155,828▲ 84.1%€148,879▼ 4.5%€147,661▼ 0.8%€162,849▲ 10.3%€140,384▼ 13.8%
Total assets€306,093▲ 231%€348,848▲ 14.0%€341,189▼ 2.2%€337,603▼ 1.1%€314,054▼ 7.0%
Debt€150,265▲ 1,824%€199,970▲ 33.1%€193,528▼ 3.2%€174,754▼ 9.7%€173,670▼ 0.6%
Working capital€90,286▲ 69.2%€35,710▼ 60.4%€40,548▲ 13.5%€61,079▲ 50.6%€34,183▼ 44.0%
Staff (FTE)9.6▲ 21.5%12.3▲ 28.1%13.4▲ 8.9%14.7▲ 9.7%17.2▲ 17.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,990 after €29,182 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €314,054
Fixed assets
€159,851 ▼ 6.8%
Current assets
€154,202 ▼ 7.1%
Equity and liabilities €314,054
Equity
€140,384 ▼ 13.8%
Debt
€173,670 ▼ 0.6%
Debt's share of the balance-sheet total rises from 51.8% to 55.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,916▼
2024 · €59,246
Cash flow
€7,440▼
2024 · €45,252
Current ratio
1.28▼
2024 · 1.58
Quick ratio
1.15▼
2024 · 1.48
Debt to equity
1.24▲
2024 · 1.07
ROE
-16.0%▼
2024 · 9.3%
ROA
-7.2%▼
2024 · 4.5%
Interest coverage
1.98▼
2024 · 7.82
Debt ≤ 1 year
€120,020▲
2024 · €104,947
Debt > 1 year
€53,480▼
2024 · €69,806
Income taxes
€0▼
2024 · €6,414
Staff costs
€562,883▲
2024 · €561,310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €242,480 | €489,083 | €528,511 | €561,310 | €562,883 | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,750 | €25,691 | €28,324 | €30,064 | €29,906 | ▼ 0.5% |
| Other operating charges640/8 | €460 | €942 | €730 | €1,062 | €1,802 | ▲ 69.7% |
| Gross operating margin9900 | €326,752 | €516,845 | €564,088 | €621,618 | €579,601 | ▼ 6.8% |
| Operating profit (loss)9901 | €75,062 | €1,130 | €6,524 | €29,182 | -€14,990 | ▼ 151% |
| Financial income75/76B | - | €9 | €0 | €0 | €41 | - |
| Recurring financial income75 | - | €9 | €0 | €0 | €41 | - |
| Financial charges65/66B | €3,865 | €8,088 | €7,742 | €7,580 | €7,517 | ▼ 0.8% |
| Recurring financial charges65 | €3,865 | €8,088 | €7,742 | €7,580 | €7,517 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €71,198 | -€6,950 | -€1,218 | €21,603 | -€22,465 | ▼ 204% |
| Income taxes67/77 | - | - | - | €6,414 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €71,198 | -€6,950 | -€1,218 | €15,188 | -€22,465 | ▼ 248% |
| Profit (loss) for the period to be appropriated9905 | €71,198 | -€6,950 | -€1,218 | €15,188 | -€22,465 | ▼ 248% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €306,093 | €348,848 | €341,189 | €337,603 | €314,054 | ▼ 7.0% |
| Fixed assets21/28 | €162,617 | €214,846 | €192,984 | €171,576 | €159,851 | ▼ 6.8% |
| Tangible fixed assets22/27 | €158,308 | €210,537 | €188,675 | €167,267 | €155,542 | ▼ 7.0% |
| Land and buildings22 | €140,128 | €193,090 | €174,596 | €150,562 | €142,525 | ▼ 5.3% |
| Plant, machinery and equipment23 | €18,181 | €17,447 | €14,079 | €16,706 | €13,018 | ▼ 22.1% |
| Financial fixed assets28 | €4,309 | €4,309 | €4,309 | €4,309 | €4,309 | = |
| Current assets29/58 | €143,476 | €134,002 | €148,205 | €166,026 | €154,202 | ▼ 7.1% |
| Stocks and contracts in progress3 | €11,592 | €10,879 | €10,328 | €11,173 | €16,144 | ▲ 44.5% |
| Stocks30/36 | €11,592 | €10,879 | €10,328 | €11,173 | €16,144 | ▲ 44.5% |
| Amounts receivable within one year40/41 | €22,763 | €32,727 | €35,350 | €9,336 | €15,144 | ▲ 62.2% |
| Trade receivables40 | - | €801 | €3,594 | €0 | - | - |
| Other amounts receivable41 | €22,763 | €31,926 | €31,756 | €9,336 | €15,144 | ▲ 62.2% |
| Cash at bank and in hand54/58 | €109,121 | €90,396 | €102,527 | €145,517 | €119,566 | ▼ 17.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,347 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €306,093 | €348,848 | €341,189 | €337,603 | €314,054 | ▼ 7.0% |
| Equity10/15 | €155,828 | €148,879 | €147,661 | €162,849 | €140,384 | ▼ 13.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Share premium1100/10 | - | - | €18,600 | - | - | - |
| Reserves13 | €137,228 | €130,279 | €129,061 | €144,249 | €121,784 | ▼ 15.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €135,368 | €128,419 | €129,061 | €144,249 | €121,784 | ▼ 15.6% |
| Amounts payable17/49 | €150,265 | €199,970 | €193,528 | €174,754 | €173,670 | ▼ 0.6% |
| Amounts payable after more than one year17 | €97,075 | €101,677 | €85,871 | €69,806 | €53,480 | ▼ 23.4% |
| Financial debts170/4 | €97,075 | €101,677 | €85,871 | €69,806 | €53,480 | ▼ 23.4% |
| Amounts payable within one year42/48 | €53,190 | €98,292 | €107,657 | €104,947 | €120,020 | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | - | €15,553 | €15,807 | €16,065 | €16,327 | ▲ 1.6% |
| Trade debts44 | €44,474 | €72,779 | €76,669 | €50,797 | €60,623 | ▲ 19.3% |
| Suppliers440/4 | €44,474 | €72,779 | €76,669 | €50,797 | €60,623 | ▲ 19.3% |
| Taxes, remuneration and social security45 | €8,716 | €9,960 | €15,182 | €38,086 | €43,069 | ▲ 13.1% |
| Taxes450/3 | - | - | - | €21,044 | €25,521 | ▲ 21.3% |
| Remuneration and social security454/9 | €8,716 | €9,960 | €15,182 | €17,041 | €17,549 | ▲ 3.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €171 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,198 | -€6,950 | -€1,218 | €15,188 | -€22,465 | ▼ 248% |
| + Depreciation and write-downs630 | €8,750 | €25,691 | €28,324 | €30,064 | €29,906 | ▼ 0.5% |
| Operating cash flow (approximation) | €79,948 | €18,741 | €27,106 | €45,252 | €7,440 | ▼ 83.6% |
| Investment in fixed assets (approximation) | - | -€77,919 | -€6,462 | -€8,656 | -€18,181 | ▼ 110% |
| Change in cash | - | -€18,725 | €12,131 | €42,989 | -€25,950 | ▼ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet -€22,465
Net result drops to -€22,465, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €15,188
Net result €15,188 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €162,849 ▲10.3%
Equity rises from €147,661 to €162,849.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €71,198 ▲31%
Operating result €75,062, net result €71,198, both a record.
31-12
Financial
Equity above €150,000Eq €155,828 ▲84.1%
4 profitable years in a row build equity to €155,828.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity times 8current ratio 7.83
Current ratio from 1.02 to 7.83; short-term debt falls from €54,696 to €7,809.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Leuven · 1 establishment unit since 2001
Ground area
377 m²
Building footprint
160 m²
Volume, LiDAR
1,174 m³
Parcel 24433E0062/00K000, Flanders · tallest building 13.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KAMINSKY
since 20012.095.424.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0062/00K000 | Flanders | 376 m² | 1 · 160 m² | 13.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 510 EUR awarded · 510 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 510 EUR | 510 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.095.424.385
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,893. 3,416 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
Founded27-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475726503
Also
9925:BE0475726503
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.