KASL
ActiveSummary
The computed 12-month bankruptcy probability of KASL is 4.7% (elevated). The 2024 annual accounts show equity of €4,692 and a net result of €4,692. Its solvency ranks better than 34% of 2092 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability87
Solvency40
Growth-
Track record67
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.17; short-term debt: 85.4% and cash: 1.5% of total assets), and 85.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
14.6%
Return on assets
14.6%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-01-2026, 164 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filingDeviation from the deadline
2024
164 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 164 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€4,692
Total assets
€32,244
Net result
€4,692
Working capital
€4,692
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €32,244
Equity
€4,692
Debt
€27,551
Debt finances 85.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€4,838
Cash flow
€4,692
Current ratio
1.17
Debt to equity
5.87
ROE
100.0%
ROA
14.6%
Interest coverage
33.32
Debt ≤ 1 year
€27,551
Debt > 1 year
€0
Income taxes
€0
Staff costs
€50,630
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
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: 4.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 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 | 2024 |
|---|---|
| Goods, raw materials, services and sundry goods60/61 | €75,148 |
| Remuneration, social security and pensions62 | €50,630 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 |
| Other operating charges640/8 | €0 |
| Operating charges capitalised as restructuring costs649 | €0 |
| Gross operating margin9900 | €55,468 |
| Operating profit (loss)9901 | €4,838 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €145 |
| Recurring financial charges65 | €145 |
| Profit (loss) for the period before taxes9903 | €4,692 |
| Transfer from deferred taxes780 | €0 |
| Transfer to deferred taxes680 | €0 |
| Income taxes67/77 | €0 |
| Profit (loss) for the period9904 | €4,692 |
| Transfer from tax-exempt reserves789 | €0 |
| Transfer to tax-exempt reserves689 | €0 |
| Profit (loss) for the period to be appropriated9905 | €4,692 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €32,244 | |
| Formation expenses20 | €0 | |
| Fixed assets21/28 | €0 | |
| Intangible fixed assets21 | €0 | |
| Tangible fixed assets22/27 | €0 | |
| Land and buildings22 | €0 | |
| Plant, machinery and equipment23 | €0 | |
| Furniture and vehicles24 | €0 | |
| Leasing and similar rights25 | €0 | |
| Other tangible fixed assets26 | €0 | |
| Assets under construction and advance payments27 | €0 | |
| Financial fixed assets28 | €0 | |
| Current assets29/58 | €32,244 | |
| Amounts receivable after more than one year29 | €0 | |
| Trade receivables290 | €0 | |
| Other amounts receivable291 | €0 | |
| Stocks and contracts in progress3 | €0 | |
| Stocks30/36 | €0 | |
| Contracts in progress37 | €0 | |
| Amounts receivable within one year40/41 | €31,769 | |
| Trade receivables40 | €31,596 | |
| Other amounts receivable41 | €173 | |
| Current investments50/53 | €0 | |
| Cash at bank and in hand54/58 | €475 | |
| Deferred charges and accrued income490/1 | €0 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €32,244 | |
| Equity10/15 | €4,692 | |
| Contributions10/11 | €0 | |
| Revaluation surpluses12 | €0 | |
| Reserves13 | €0 | |
| Non-distributable reserves130/1 | €0 | |
| Reserves not available under the articles1311 | €0 | |
| Own shares acquired1312 | €0 | |
| Financial assistance1313 | €0 | |
| Other1319 | €0 | |
| Tax-exempt reserves132 | €0 | |
| Distributable reserves133 | €0 | |
| Profit (loss) carried forward14 | €4,692 | |
| Investment grants15 | €0 | |
| Advance to shareholders on the distribution of net assets19 | €0 | |
| Provisions and deferred taxes16 | €0 | |
| Provisions for liabilities and charges160/5 | €0 | |
| Pensions and similar obligations160 | €0 | |
| Taxes161 | €0 | |
| Major repairs and maintenance162 | €0 | |
| Environmental obligations163 | €0 | |
| Other liabilities and charges164/5 | €0 | |
| Deferred taxes168 | €0 | |
| Amounts payable17/49 | €27,551 | |
| Amounts payable after more than one year17 | €0 | |
| Financial debts170/4 | €0 | |
| Trade debts175 | €0 | |
| Advances received on contracts in progress176 | €0 | |
| Other amounts payable178/9 | €0 | |
| Amounts payable within one year42/48 | €27,551 | |
| Current portion of amounts payable after more than one year42 | €0 | |
| Financial debts43 | €0 | |
| Credit institutions430/8 | €0 | |
| Other loans439 | €0 | |
| Trade debts44 | €1,264 | |
| Suppliers440/4 | €1,264 | |
| Bills of exchange payable441 | €0 | |
| Advances received on contracts in progress46 | €0 | |
| Taxes, remuneration and social security45 | €26,288 | |
| Taxes450/3 | €4,186 | |
| Remuneration and social security454/9 | €22,101 | |
| Other amounts payable47/48 | €0 | |
| Accrued charges and deferred income492/3 | €0 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €4,692 |
| + Depreciation and write-downs630 | €0 |
| Operating cash flow (approximation) | €4,692 |
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
2026
23-06
State Gazette act
Capital & sharesShare transfer · Shareholding4 facts ▸
State Gazette act
Capital & shares
Share transfer · Shareholding4 facts ▸
- General meeting, 10-06-2026
- Share transfer, Mousaoui Zizaoua Samir → Karimi Jelti Lamnaouar
- Shareholding, 65
- Shareholding, 35
12-06
State Gazette act
Statutes amendment3 facts ▸
State Gazette act
Statutes amendment
3 facts ▸
- General meeting, 29-05-2026
- Statutes amendment
- Other statement, dépôt au Greffe du Tribunal de l'Entreprise, dépôt avant enregistrement
11-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 164 days late
State Gazette actNBB filing
2 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2023
Ground area
128 m²
Building footprint
127 m²
Volume, LiDAR
858 m³
Parcel 21522B0724/00D000, Brussels · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KASL
since 20232.355.442.486
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0724/00D000 | Brussels | 128 m² | 1 · 127 m² | 11.3 m · 2 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.
Articles of association
Duration
Unlimited
Purpose
Exploitation d'une boulangerie et pâtisserie,fabrication de pain d'épices,fabrication de biscottes,fabrication de biscuits,de crème glacée et de glaces de consommation; Commerce de…
Full purpose (4 activities)
- Exploitation d'une boulangerie et pâtisserie,fabrication de pain d'épices,fabrication de biscottes,fabrication de biscuits,de crème glacée et de glaces de consommation.
- Commerce de gros de produits de boulangerie et de pâtisserie.
- Commerce de détail de produits de boulangerie,de pâtisserie et de confiserie.
- Exploitation d'un salon de consommation et activité de restaurateur.
Legal form clause
Société à responsabilité limitée, SRL
Name clause
Registered office clause
Région de Bruxelles-Capitale, peuvent être créés,en Belgique ou à l'étranger,par décision de l'organe d'administration
Capital
One provision in the deed
Capital contribution
2 provisions in the deed
Authorised capital
One provision in the deed
Other statement
Contrôle-commissaire, 3
Chaque action une voix sauf loi ou disposition statutaire contraire, assemblée générale
Distribution-acomptes sur dividendes, organe d'administration peut procéder moyennant respect deux tests à distributions provenant bénéfice exercice en cours ou…
Droit commun, pour tout non prévu statuts parties déclarent s'en référer au Code des sociétés et des associations
Toutes significations et notifications valablement données relativement affaires société et responsabilité gestion et contrôle, élection de domicile
2 more provisions on this in the deed
Share class
Registre par catégorie de titres nominatifs tenu au siège, titulaires de dématérialisés peuvent demander conversion en nominatifs à tout moment à leurs frais
Transfer restriction
Agrément établi par écrit, déduction faite des actions dont cession proposée
Board rule
Assemblée générale peut mettre fin à tout moment avec ou sans préavis et sans motif sauf administrateurs nommés dans statuts,sauf décision contraire lors nomina…
Dissolution rule
Liquidation faite par administrateurs en exercice ou à défaut par un ou plusieurs liquidateurs nommés par assemblée générale qui déterminera nombre pouvoirs émo…
Liquidation distribution
Après réalisation actif apurement passif ou consignation sommes nécessaires solde éventuel réparti entre actionnaires proportion actions possédées, si actions p…
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 23-06-2026 ↗
- Karimi Jelti Lamnaouar 65 shares
- Mousaoui Zizaoua Samir 35 shares
Share transfer
act of 23-06-2026 ↗
- Mousaoui Zizaoua Samir to Karimi Jelti Lamnaouar 10 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.355.442.486
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 603 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
Founded04-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47110Non-specialised retail sale with food, beverages or tobacco predominating
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID
0208:1002975149
Also
9925:BE1002975149
Registered
14-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.