KESTAN
ActiveSummary
The computed 12-month bankruptcy probability of KESTAN is 3.7% (moderate). The 2025 annual accounts show equity of €70,503 and a net result of €20,962. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 13617 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+20
Solvency78▲+7
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 0.82 in 2024; short-term debt: 32.4% and cash: 28.8% of total assets), and 47% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
15.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 3 filingsDeviation from the deadline
2025
19 d late
2024
8 d early
2023
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 33 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. Usually files around 19 August (3 of the last 3 filed years within 71 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€70,503▲ 42.3%
2024 · €49,541
Total assets
€133,079▲ 24.0%
2024 · €107,343
Net result
€20,962
2024 · -€763
Working capital
€31,638
2024 · -€10,381
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Line202320242025
Operating result€56,959-€3,110▼ 94.5%€31,984▲ 928%
Net result€44,304above the sector's middle half--€763within the sector's middle half€20,962within the sector's middle half
Equity€50,304within the sector's middle half-€49,541within the sector's middle half▼ 1.5%€70,503within the sector's middle half▲ 42.3%
Total assets€127,804within the sector's middle half-€107,343within the sector's middle half▼ 16.0%€133,079within the sector's middle half▲ 24.0%
Debt€77,500-€57,802▼ 25.4%€62,576▲ 8.3%
Working capital-€17,690within the sector's middle half--€10,381within the sector's middle half▲ 41.3%€31,638within the sector's middle half
Solvency39.4%within the sector's middle half-46.2%within the sector's middle half▲ 6.8pp53.0%within the sector's middle half▲ 6.8pp
Current ratio0.77within the sector's middle half-0.82within the sector's middle half▲ 0.051.73within the sector's middle half▲ 0.92
Return on assets (ROA)34.7%above the sector's middle half--0.7%within the sector's middle half▼ 35.4pp15.8%within the sector's middle half▲ 16.5pp
Staff (FTE)1-0.8▼ 20.0%0.7▼ 12.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 928% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,079
Fixed assets
€58,358 ▼ 3.6%
Current assets
€74,721 ▲ 59.7%
Equity and liabilities €133,079
Equity
€70,503 ▲ 42.3%
Debt
€62,576 ▲ 8.3%
Debt's share of the balance-sheet total falls from 53.8% to 47.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51,040▲
2024 · €20,224
Cash flow
€40,018▲
2024 · €16,351
Quick ratio
1.50▲
2024 · 0.67
Debt to equity
0.89▼
2024 · 1.17
ROE
29.7%▲
2024 · -1.5%
Interest coverage
134.59▲
2024 · 39.44
Debt ≤ 1 year
€43,083▼
2024 · €57,160
Income taxes
€11,611▲
2024 · €3,376
Staff costs
€58,500▼
2024 · €72,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.7% 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 39,278 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €79,406 | €72,526 | €58,500 | ▼ 19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,722 | €17,114 | €19,056 | ▲ 11.3% |
| Other operating charges640/8 | €115 | €126 | €128 | ▲ 1.6% |
| Gross operating margin9900 | €149,202 | €92,876 | €109,668 | ▲ 18.1% |
| Operating profit (loss)9901 | €56,959 | €3,110 | €31,984 | ▲ 928% |
| Financial income75/76B | €85 | €15 | €968 | ▲ 6,206% |
| Recurring financial income75 | €85 | €15 | €968 | ▲ 6,206% |
| Financial charges65/66B | €38 | €513 | €379 | ▼ 26.0% |
| Recurring financial charges65 | €38 | €513 | €379 | ▼ 26.0% |
| Profit (loss) for the period before taxes9903 | €57,006 | €2,613 | €32,573 | ▲ 1,147% |
| Income taxes67/77 | €12,702 | €3,376 | €11,611 | ▲ 244% |
| Profit (loss) for the period9904 | €44,304 | -€763 | €20,962 | ▲ 2,847% |
| Profit (loss) for the period to be appropriated9905 | €44,304 | -€763 | €20,962 | ▲ 2,847% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €127,804 | €107,343 | €133,079 | ▲ 24.0% |
| Fixed assets21/28 | €67,994 | €60,564 | €58,358 | ▼ 3.6% |
| Tangible fixed assets22/27 | €67,994 | €60,564 | €58,358 | ▼ 3.6% |
| Plant, machinery and equipment23 | €34,191 | €29,441 | €30,016 | ▲ 2.0% |
| Furniture and vehicles24 | €12,116 | €10,346 | €7,129 | ▼ 31.1% |
| Other tangible fixed assets26 | €21,687 | €20,777 | €21,213 | ▲ 2.1% |
| Current assets29/58 | €59,810 | €46,779 | €74,721 | ▲ 59.7% |
| Stocks and contracts in progress3 | - | €8,700 | €10,234 | ▲ 17.6% |
| Stocks30/36 | - | €8,700 | €10,234 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €10,674 | €1,939 | €25,926 | ▲ 1,237% |
| Trade receivables40 | €9,879 | €772 | - | - |
| Other amounts receivable41 | €795 | €1,167 | €25,926 | ▲ 2,122% |
| Cash at bank and in hand54/58 | €48,240 | €34,746 | €38,380 | ▲ 10.5% |
| Deferred charges and accrued income490/1 | €895 | €1,394 | €180 | ▼ 87.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €127,804 | €107,343 | €133,079 | ▲ 24.0% |
| Equity10/15 | €50,304 | €49,541 | €70,503 | ▲ 42.3% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €44,304 | €43,541 | €64,503 | ▲ 48.1% |
| Amounts payable17/49 | €77,500 | €57,802 | €62,576 | ▲ 8.3% |
| Amounts payable within one year42/48 | €77,500 | €57,160 | €43,083 | ▼ 24.6% |
| Trade debts44 | €27,179 | €32,915 | €13,240 | ▼ 59.8% |
| Suppliers440/4 | €27,179 | €32,915 | €13,240 | ▼ 59.8% |
| Taxes, remuneration and social security45 | €18,155 | €18,042 | €29,843 | ▲ 65.4% |
| Taxes450/3 | €15,375 | €15,497 | €26,970 | ▲ 74.0% |
| Remuneration and social security454/9 | €2,780 | €2,545 | €2,872 | ▲ 12.9% |
| Other amounts payable47/48 | €32,166 | €6,203 | - | - |
| Accrued charges and deferred income492/3 | - | €642 | €19,493 | ▲ 2,935% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,304 | -€763 | €20,962 | ▲ 2,847% |
| + Depreciation and write-downs630 | €12,722 | €17,114 | €19,056 | ▲ 11.3% |
| Operating cash flow (approximation) | €57,026 | €16,351 | €40,018 | ▲ 145% |
| Investment in fixed assets (approximation) | - | -€9,684 | -€16,850 | ▼ 74.0% |
| Change in cash | - | -€13,494 | €3,634 | ▲ 127% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Back to profitnet €20,962
Net result €20,962 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.82 to 1.73; short-term debt falls from €57,160 to €43,083.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€763
Net result drops to -€763, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2023
Ground area
279 m²
Building footprint
276 m²
Volume, LiDAR
1,680 m³
Parcel 34005C0336/00C000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KESTAN
since 20232.339.508.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005C0336/00C000 | Flanders | 279 m² | 1 · 276 m² | 9.7 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.339.508.851
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LIBERTINE
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,838 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
Founded29-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795544312
Registered
05-11-2025
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.