KAUSAR
ActiveSummary
The annual accounts of KAUSAR for fiscal year 2025 show a net loss of 50% of the equity at the start of that year. The 2025 annual accounts show equity of €5,595 and a net result of -€5,643. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 10485 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-91
Solvency50▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.33 against 2.05 in 2024; short-term debt: 75.1% and cash: 80.2% of total assets), and 75.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
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 2025Solvency, return and age of the figures
Solvency
24.9%
Return on assets
-25.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-12-2025, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
139 d early
2023
131 d early
2022
136 d early
2021
151 d early
2020
122 d early
2019
140 d early
← 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 137 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€5,595▼ 50.2%
2024 · €11,238
Total assets
€22,430▲ 2.3%
2024 · €21,928
Net result
-€5,643
2024 · €4,710
Working capital
€5,595▼ 50.2%
2024 · €11,238
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,644▼ 79.5%€981▼ 73.1%-€6,364€5,308-€5,258
Net result€3,198below the sector's middle half▼ 81.9%€503below the sector's middle half▼ 84.3%-€6,737below the sector's middle half€4,710within the sector's middle half-€5,643below the sector's middle half
Equity€12,762below the sector's middle half▲ 33.4%€13,265below the sector's middle half▲ 3.9%€6,528below the sector's middle half▼ 50.8%€11,238below the sector's middle half▲ 72.2%€5,595below the sector's middle half▼ 50.2%
Total assets€21,053below the sector's middle half▲ 11.0%€21,279below the sector's middle half▲ 1.1%€17,030below the sector's middle half▼ 20.0%€21,928below the sector's middle half▲ 28.8%€22,430below the sector's middle half▲ 2.3%
Debt€8,291▼ 11.9%€8,014▼ 3.3%€10,502▲ 31.0%€10,690▲ 1.8%€16,835▲ 57.5%
Working capital€12,585▲ 35.3%€13,177▲ 4.7%€6,528▼ 50.5%€11,238▲ 72.2%€5,595▼ 50.2%
Solvency60.6%above the sector's middle half▲ 10.2pp62.3%above the sector's middle half▲ 1.7pp38.3%within the sector's middle half▼ 24.0pp51.2%within the sector's middle half▲ 12.9pp24.9%within the sector's middle half▼ 26.3pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,258 after €5,308 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €22,430
Equity
€5,595 ▼ 50.2%
Debt
€16,835 ▲ 57.5%
Debt's share of the balance-sheet total rises from 48.8% to 75.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.33▼
2024 · 2.05
Quick ratio
1.09▼
2024 · 1.68
Debt to equity
3.01▲
2024 · 0.95
ROE
-100.8%▼
2024 · 41.9%
ROA
-25.2%▼
2024 · 21.5%
Debt ≤ 1 year
€16,835▲
2024 · €10,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
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 1,219 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88 | €88 | €88 | - | - | - |
| Other operating charges640/8 | - | €1,811 | €1,645 | €1,707 | €1,743 | ▲ 2.1% |
| Gross operating margin9900 | €4,386 | €2,880 | -€4,631 | €7,015 | -€3,515 | ▼ 150% |
| Operating profit (loss)9901 | €3,644 | €981 | -€6,364 | €5,308 | -€5,258 | ▼ 199% |
| Financial income75/76B | - | €25 | €13 | €3 | - | - |
| Recurring financial income75 | €9 | €25 | €13 | €3 | - | - |
| Financial charges65/66B | - | €503 | €386 | €601 | €384 | ▼ 36.1% |
| Recurring financial charges65 | €455 | €503 | €386 | €601 | €384 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | €3,198 | €503 | -€6,737 | €4,710 | -€5,643 | ▼ 220% |
| Profit (loss) for the period9904 | €3,198 | €503 | -€6,737 | €4,710 | -€5,643 | ▼ 220% |
| Profit (loss) for the period to be appropriated9905 | €3,198 | €503 | -€6,737 | €4,710 | -€5,643 | ▼ 220% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,053 | €21,279 | €17,030 | €21,928 | €22,430 | ▲ 2.3% |
| Fixed assets21/28 | €177 | €88 | - | - | €0 | - |
| Tangible fixed assets22/27 | €177 | €88 | - | - | €0 | - |
| Plant, machinery and equipment23 | - | €88 | - | - | €0 | - |
| Current assets29/58 | €20,876 | €21,191 | €17,030 | €21,928 | €22,430 | ▲ 2.3% |
| Stocks and contracts in progress3 | €5,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Stocks30/36 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Cash at bank and in hand54/58 | €15,666 | €16,979 | €12,801 | €17,707 | €17,980 | ▲ 1.5% |
| Deferred charges and accrued income490/1 | - | €212 | €229 | €221 | €450 | ▲ 104% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,053 | €21,279 | €17,030 | €21,928 | €22,430 | ▲ 2.3% |
| Equity10/15 | €12,762 | €13,265 | €6,528 | €11,238 | €5,595 | ▼ 50.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | €362 | €865 | -€5,872 | -€1,162 | -€6,805 | ▼ 486% |
| Amounts payable17/49 | €8,291 | €8,014 | €10,502 | €10,690 | €16,835 | ▲ 57.5% |
| Amounts payable within one year42/48 | €8,291 | €8,014 | €10,502 | €10,690 | €16,835 | ▲ 57.5% |
| Trade debts44 | €354 | €474 | €3,292 | €549 | €1,537 | ▲ 180% |
| Suppliers440/4 | - | €474 | €3,292 | €549 | €1,537 | ▲ 180% |
| Taxes, remuneration and social security45 | - | €6,913 | €5,510 | €7,391 | €5,687 | ▼ 23.1% |
| Taxes450/3 | - | €5,413 | €4,010 | €5,891 | €4,187 | ▼ 28.9% |
| Remuneration and social security454/9 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Other amounts payable47/48 | - | €627 | €1,700 | €2,750 | €9,611 | ▲ 249% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,198 | €503 | -€6,737 | €4,710 | -€5,643 | ▼ 220% |
| + Depreciation and write-downs630 | €88 | €88 | €88 | - | - | - |
| Operating cash flow (approximation) | €3,286 | €591 | -€6,649 | €4,710 | -€5,643 | ▼ 220% |
| Investment in fixed assets (approximation) | - | €1 | - | - | - | - |
| Change in cash | - | €1,313 | -€4,178 | €4,906 | €273 | ▼ 94.4% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-09
Financial
Back to profitnet €4,710
Net result €4,710 after one loss-making year.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-09
Financial
Back to profitnet €17,622
Net result €17,622 after 2 loss-making years.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 2006
Ground area
989 m²
Building footprint
1,099 m²
Volume, LiDAR
23,117 m³
Parcel 31004A0405/00F003, Flanders · tallest building 34.3 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kausar
since 20062.151.608.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0405/00F003 | Flanders | 989 m² | 1 · 1,099 m² | 34.3 m · 10 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.
Similar companies · same sector, comparable size
OZLEM
BE 0479.317.976
Sint-Jans-Molenbeek · Eq €5,363
KIBOU-DESTOCK
BE 1002.814.110
Sint-Jans-Molenbeek · Eq €5,901
GLACAGE BRUSSELS
BE 1013.707.408
Waterloo · Eq €5,225
ENGELEN FINE ARTS
BE 0457.847.621
Bilzen-Hoeselt · Eq €6,093
LIVIA
BE 0665.737.922
Namur · Eq €6,099
Of 1,395 companies in sector 47784 we hold annual accounts for 428. 167 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 (pre-2019)
Founded08-01-2004
Fiscal year end30-09
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862540529
Also
9925:BE0862540529
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.