KARAGÔZ
ActiveThe computed 12-month bankruptcy probability of KARAGÔZ is 3.9% (moderate). The 2023 annual accounts show equity of €120k and a net result of €66k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 1777 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
100
/ 100
Excellent= vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+10
Solvency100▲+3
Growth85=
Stability100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity ample (current ratio 7.69 against 2.55 in 2022), and 10.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
raises risk · 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 2023Solvency, return and age of the figures
Solvency
89.4%
Return on assets
49.4%
Age of the figures
32 mo
lowers risk · Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
NBB · annual accounts 2023Equity per financial year
181920212223
2018 to 2023 · latest year €120k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline15-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-08-2024, 20 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
20 d late
2022
356 d late
2021
577 d late
2020
108 d late
2019
277 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
€277k▲ 29.0%
2018 · €215k
2018: €215k
2018 → 2022
EBIT margin
14.6%▲ 7.5pp
2018 · 7.2%
2018: 7.2%
2018 → 2022
Net result
€66k▲ 71.2%
2022 · €39k
2018: €15k
2019: €7k
2020: €283
2021: €-4k
2022: €39k
2018 → 2023
Working capital
€95k▲ 63.7%
2022 · €58k
2018: €9k
2019: €15k
2020: €9k
2021: €30k
2022: €58k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€277k
Equity€18k-€19k▲ 1.5%€15k▼ 20.1%€54k▲ 258%€120k▲ 123%
Operating result€8k-€438▼ 94.4%€-4k€41k€66k▲ 63.2%
Net result€7k-€283▼ 96.0%€-4k€39k€66k▲ 71.2%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 63% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €134k
Fixed assets
€25k▲ 1,655%
Current assets
€109k▲ 14.4%
Equity and liabilities €134k
Equity
€120k▲ 123%
Debt
€14k▼ 67.0%
The debt ratio falls from 44.5% to 10.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€73k▲
2022 · €41k
Cash flow
€73k▲
2022 · €39k
Solvency
89.4%▲
2022 · 55.5%
Current ratio
7.69▲
2022 · 2.55
Quick ratio
7.44▲
2022 · 2.47
Debt / equity
0.12▼
2022 · 0.80
ROE
55.2%▼
2022 · 72.1%
ROA
49.4%▲
2022 · 40.0%
Interest coverage
365.01▲
2022 · 20.36
Debt
€14k▼
2022 · €43k
Debt ≤ 1 year
€14k▼
2022 · €37k
Staff costs
€241▼
2022 · €3k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€97k€134k▲
Fixed assets21/28€1k€25k▲
Tangible fixed assets22/27€427€24k▲
Plant, machinery and equipment23€427€49▼
Furniture and vehicles24-€24k
Financial fixed assets28€1k€1k=
Current assets29/58€95k€109k▲
Stocks and contracts in progress3€3k€4k▲
Stocks30/36€3k€4k▲
Amounts receivable within one year40/41€73k€97k▲
Trade receivables40-€92k
Other amounts receivable41€73k€5k▼
Cash at bank and in hand54/58€19k€8k▼
Equity and liabilities
Total equity and liabilities10/49€97k€134k▲
Equity10/15€54k€120k▲
Contributions10/11€6k€6k=
Outside capital11-€6k
Share premium1100/10-€6k
Reserves13€585€585=
Non-distributable reserves130/1€585€585=
Reserves not available under the articles1311€585€585=
Profit (loss) carried forward14€47k€113k▲
Amounts payable17/49€43k€14k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€37k€14k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Trade debts44€8k€4k▼
Suppliers440/4€8k€4k▼
Taxes, remuneration and social security45€14k-
Taxes450/3€14k-
Other amounts payable47/48€4k€4k=
Income statement
Code20222023
Turnover70€277k-
Goods, raw materials, services and sundry goods60/61€231k-
Remuneration, social security and pensions62€3k€241▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€377€6k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€46k€76k▲
Operating profit (loss)9901€41k€66k▲
Financial income75/76B€11€2▼
Recurring financial income75€11€2▼
Financial charges65/66B€2k€199▼
Recurring financial charges65€2k€199▼
Profit (loss) for the period before taxes9903€39k€66k▲
Profit (loss) for the period9904€39k€66k▲
Profit (loss) for the period to be appropriated9905€39k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€113k▲
Profit (loss) brought forward from the previous period14P€8k€47k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 356 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 577 days late
2023
31-12
Financial
Highest result since 2018net €66k ▲71.2%
Operating result €66k, net result €66k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.69
Current ratio from 2.55 to 7.69; short-term debt falls from €37k to €14k.
31-12
Financial
Equity above €100kEq €120k ▲123%
2 profitable years in a row build equity to €120k.
2022
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-4k ▼1435%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 277 days late
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 167 days 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, Evere · 1 establishment unit since 2016
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.
J.B. Mosselmansstraat 11140 Evere1 establishment unit
.
since 20162.257.006.787
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.257.006.787
Similar companies · same sector, comparable size
LEBA
BE 0420.642.874
Herentals · Eq €120k
Hemingway
BE 0897.298.597
Oostende · Eq €120k
RUDINTJE
BE 0479.185.443
Bekkevoort · Eq €119k
LAGOBOM
BE 0745.522.105
Elsene · Eq €120k
SWEET COFFEE QUARTIER BLEU
BE 0742.658.526
Hasselt · Eq €119k
Of 13,832 companies in sector 56301 we hold annual accounts for 4,808. 3,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2016
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.