KFS 11
ActiveThe computed 12-month bankruptcy probability of KFS 11 is 2.6% (moderate). The 2025 annual accounts show equity of €478k and a net result of €143k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 87% of 3614 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.19 against 2.7 in 2024), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
72.5%
Return on assets
21.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
52 d early
2024
3 d early
2023
on the day
2022
26 d early
2021
40 d early
2020
13 d late
2019
15 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€478k▲ 20.8%
2024 · €396k
2019: €39k
2020: €66k
2021: €169k
2022: €287k
2023: €352k
2024: €396k
2019 → 2025
Total assets
€660k▲ 10.9%
2024 · €595k
2019: €150k
2020: €226k
2021: €434k
2022: €581k
2023: €515k
2024: €595k
2019 → 2025
Net result
€143k▲ 116%
2024 · €66k
2019: €20k
2020: €28k
2021: €103k
2022: €209k
2023: €67k
2024: €66k
2019 → 2025
Working capital
€399k▲ 17.9%
2024 · €338k
2019: €35k
2020: €40k
2021: €137k
2022: €258k
2023: €287k
2024: €338k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€169k-€287k▲ 69.8%€352k▲ 22.7%€396k▲ 12.6%€478k▲ 20.8%
Operating result€150k-€282k▲ 87.5%€112k▼ 60.2%€102k▼ 9.0%€204k▲ 99.4%
Net result€103k-€209k▲ 103%€67k▼ 68.1%€66k▼ 0.9%€143k▲ 116%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 99% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660k
Fixed assets
€80k▲ 37.8%
Current assets
€580k▲ 8.1%
Equity and liabilities €660k
Equity
€478k▲ 20.8%
Debt
€182k▼ 8.7%
The debt ratio falls from 33.4% to 27.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€223k▲
2024 · €118k
Cash flow
€162k▲
2024 · €82k
Solvency
72.5%▲
2024 · 66.6%
Current ratio
3.19▲
2024 · 2.70
Quick ratio
3.08▲
2024 · 2.57
Debt / equity
0.38▼
2024 · 0.50
ROE
29.8%▲
2024 · 16.7%
ROA
21.6%▲
2024 · 11.1%
Interest coverage
16.81▲
2024 · 8.08
Debt
€182k▼
2024 · €199k
Debt ≤ 1 year
€182k▼
2024 · €199k
Income taxes
€53k▲
2024 · €26k
Staff costs
€280k▼
2024 · €285k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€595k€660k▲
Fixed assets21/28€58k€80k▲
Intangible fixed assets21€11k€8k▼
Tangible fixed assets22/27€47k€71k▲
Land and buildings22€26k€40k▲
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€11k€22k▲
Current assets29/58€537k€580k▲
Stocks and contracts in progress3€26k€20k▼
Stocks30/36€26k€20k▼
Amounts receivable within one year40/41€355k€394k▲
Trade receivables40€42k€28k▼
Other amounts receivable41€312k€365k▲
Cash at bank and in hand54/58€139k€161k▲
Deferred charges and accrued income490/1€17k€5k▼
Equity and liabilities
Total equity and liabilities10/49€595k€660k▲
Equity10/15€396k€478k▲
Contributions10/11€19k€0▼
Reserves13€377k€478k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€377k€478k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€199k€182k▼
Amounts payable within one year42/48€199k€182k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€110k€63k▼
Suppliers440/4€110k€63k▼
Taxes, remuneration and social security45€68k€58k▼
Taxes450/3€30k€19k▼
Remuneration and social security454/9€38k€39k▲
Other amounts payable47/48€22k€60k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€285k€280k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€6k€11k▲
Non-recurring operating charges66A€168€1k▲
Gross operating margin9900€409k€515k▲
Operating profit (loss)9901€102k€204k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€15k€13k▼
Recurring financial charges65€15k€13k▼
Profit (loss) for the period before taxes9903€92k€195k▲
Income taxes67/77€26k€53k▲
Profit (loss) for the period9904€66k€143k▲
Profit (loss) for the period to be appropriated9905€66k€143k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€143k▲
Transfer to equity691/2€44k€101k▲
To other reserves6921€44k€101k▲
Profit to be distributed694/7€22k€42k▲
Return on contributions (dividend)694€2k€2k▼
Directors or managers695€20k€40k▲
Social balance
Average headcount (FTE)90877.07.5▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €209k ▲103%
Operating result €282k, net result €209k, both a record.
31-12
Financial
Equity above €200kEq €287k ▲69.8%
4 profitable years in a row build equity to €287k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €169k ▲155%
3 profitable years in a row build equity to €169k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
07-07-2025
Rema: Resigned as Director
01-09-2022
Reza Nassiri Goortani: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
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.
Melkmarkt 112000 AntwerpenGround area
66 m²
Building footprint
65 m²
Volume, LiDAR
1,103 m³
Parcel 11002A1176/00D000, Flanders · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
KFS 11
since 20182.281.978.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1176/00D000 | Flanders | 66 m² | 1 · 65 m² | 18.9 m · 6 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.281.978.448
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TAVERNE ROYALE
BE 0459.420.803
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Quévy · Eq €479k
INFURNA
BE 0666.775.822
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KABEKA
BE 0632.736.344
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The Old Fiddler
BE 0873.873.988
Poperinge · Eq €478k
Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 6,369 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2018
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:reza.nassiri@telenet.be
Phone:0485/746551