KANCHI BARAHI

Active

Private limited companyfounded 20179 yrs activeAntwerpse Steenweg 33, 9080 Lochristi, BelgiumKBO/BCE: BE 0671.531.889

Summary

The computed 12-month bankruptcy probability of KANCHI BARAHI is 2.5% (moderate). The 2024 annual accounts show equity of €52k and a net result of €-33k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 18941 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency81▼-17

Growth78=

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity ample (current ratio 2.12 against 3.4 in 2023; short-term debt: 43.7% and cash: 79.1% of total assets), and 43.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

56.3%

Return on assets

-35.9%

Age of the figures

21 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-33k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 7 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

61 d late

2022

32 d late

2021

31 d late

2020

90 d late

2019

153 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€52k▼ 38.9%

2023 · €85k

2018: €-60k 2019: €-50k 2020: €8k 2021: €108k 2022: €111k 2023: €85k

2018 → 2024

Total assets

€92k▼ 20.6%

2023 · €116k

2018: €57k 2019: €88k 2020: €114k 2021: €229k 2022: €177k 2023: €116k

2018 → 2024

Net result

€-33k▲ 15.7%

2023 · €-39k

2018: €-66k 2019: €10k 2020: €58k 2021: €101k 2022: €2k 2023: €-39k

2018 → 2024

Working capital

€45k▼ 39.7%

2023 · €75k

2018: €-101k 2019: €-77k 2020: €-16k 2021: €97k 2022: €101k 2023: €75k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€8k-€108k▲ 1,327%€111k▲ 2.0%€85k▼ 23.1%€52k▼ 38.9%

Operating result€61k-€131k▲ 113%€3k▼ 97.5%€-47k€-33k▲ 30.1%

Net result€58k-€101k▲ 74.9%€2k▼ 97.9%€-39k€-33k▲ 15.7%

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

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €33k in 2024 against €47k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €92k

92.6%

Fixed assets €7k ▼ 33.6%

Current assets €85k ▼ 19.4%

Equity and liabilities €92k

56.3%

43.7%

Equity €52k ▼ 38.9%

Debt €40k ▲ 29.5%

Debt's share of the balance-sheet total rises from 26.8% to 43.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-29k▲

2023 · €-44k

Cash flow

€-30k▲

2023 · €-36k

Current ratio

2.12▼

2023 · 3.40

Quick ratio

1.87▼

2023 · 3.24

Debt to equity

0.78▲

2023 · 0.37

ROE

-63.8%▼

2023 · -46.2%

ROA

-35.9%▼

2023 · -33.8%

Interest coverage

-78.10▲

2023 · -164.13

Debt ≤ 1 year

€40k▲

2023 · €31k

Income taxes

€-28▲

2023 · €-5k

Staff costs

€105k▲

2023 · €90k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines

Balance sheet Code20232024

Assets

Total assets20/58€116k€92k▼

Fixed assets21/28€10k€7k▼

Tangible fixed assets22/27€10k€7k▼

Plant, machinery and equipment23€5k€3k▼

Furniture and vehicles24€6k€4k▼

Current assets29/58€106k€85k▼

Stocks and contracts in progress3€5k€10k▲

Stocks30/36€5k€10k▲

Amounts receivable within one year40/41€34k€2k▼

Trade receivables40€4k€975▼

Other amounts receivable41€30k€1k▼

Cash at bank and in hand54/58€66k€73k▲

Deferred charges and accrued income490/1€486-

Equity and liabilities

Total equity and liabilities10/49€116k€92k▼

Equity10/15€85k€52k▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€65k€32k▼

Amounts payable17/49€31k€40k▲

Amounts payable within one year42/48€31k€40k▲

Trade debts44€9k€9k▼

Suppliers440/4€9k€9k▼

Taxes, remuneration and social security45€18k€23k▲

Taxes450/3€2k€5k▲

Remuneration and social security454/9€15k€18k▲

Other amounts payable47/48€4k€8k▲

Income statement Code20232024

Remuneration, social security and pensions62€90k€105k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€750€2k▲

Gross operating margin9900€47k€77k▲

Operating profit (loss)9901€-47k€-33k▲

Financial income75/76B€3k€60▼

Recurring financial income75€3k€60▼

Financial charges65/66B€267€376▲

Recurring financial charges65€267€376▲

Profit (loss) for the period before taxes9903€-45k€-33k▲

Income taxes67/77€-5k€-28▲

Profit (loss) for the period9904€-39k€-33k▲

Profit (loss) for the period to be appropriated9905€-39k€-33k▲

Appropriation of the result

Profit (loss) to be appropriated9906€65k€32k▼

Profit (loss) brought forward from the previous period14P€104k€65k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 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 €101k ▲74.9%

Operating result €131k, net result €101k, both a record.

31-12

Financial Liquidity doublescurrent ratio 1.83

Current ratio from 0.85 to 1.83.

31-12

Financial Equity above €100kEq €108k ▲1327%

3 profitable years in a row build equity to €108k.

29-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 90 days late

2020

31-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 153 days late

2019

31-12

Financial Back to profitnet €10k

Net result €10k after one loss-making year.

01-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 1 day late

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, Lochristi · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Antwerpse Steenweg 339080 Lochristi

Ground area

863 m²

Parcel 44034C0992/00H004, Flanders. Linked by address, not a title deed.

1 establishment unit

KANCHI BARAHI

Antwerpse Steenweg 33, 9080 LochristiWholesale of fruit and vegetables, excluding potatoes

since 20172.261.796.906

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44034C0992/00H004	Flanders	863 m²	-	-

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 site

Lochristi2.261.796.906

1 permission

Toelating · Eetgelegenheid · since 01-04-2017

Similar companies · same sector, comparable size

KILIC COMPANY

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Wuustwezel · Eq €51,945

MU & HA

BE 0691.784.697

Hasselt · Eq €51,874

Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,371 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-02-2017

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers

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