KIATHO
ActiveSummary
The computed 12-month bankruptcy probability of KIATHO is 2.8% (moderate). For KIATHO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€2,154) and a net result of €30,570. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 17991 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency21▲+21
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 · 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
-4%
Return on assets
56.6%
Age of the figures
33 mo
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 · 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 · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 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 11-10-2024, 72 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
72 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€2,154▲ 93.4%
2022 · -€32,724
Total assets
€54,007▲ 68.2%
2022 · €32,115
Net result
€30,570▲ 49.3%
2022 · €20,469
Working capital
-€10,849▲ 69.2%
2022 · -€35,244
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€4,927▼ 398%-€13,858▼ 181%-€2,535▲ 81.7%€21,736€31,825▲ 46.4%
Net result-€7,147▼ 117%-€15,750below the sector's middle half▼ 120%-€4,068below the sector's middle half▲ 74.2%€20,469above the sector's middle half€30,570above the sector's middle half▲ 49.3%
Equity-€33,375▼ 48.7%-€49,126below the sector's middle half▼ 47.2%-€53,193below the sector's middle half▼ 8.3%-€32,724below the sector's middle half▲ 38.5%-€2,154within the sector's middle half▲ 93.4%
Total assets€68,065▼ 41.3%€44,527within the sector's middle half▼ 34.6%€34,798below the sector's middle half▼ 21.8%€32,115below the sector's middle half▼ 7.7%€54,007within the sector's middle half▲ 68.2%
Debt€101,441▼ 26.7%€93,652▼ 7.7%€87,991▼ 6.0%€64,840▼ 26.3%€56,161▼ 13.4%
Working capital-€48,217▲ 4.2%-€50,754below the sector's middle half▼ 5.3%-€46,672below the sector's middle half▲ 8.0%-€35,244below the sector's middle half▲ 24.5%-€10,849within the sector's middle half▲ 69.2%
Solvency-49.0%▼ 29.7pp-110.3%below the sector's middle half▼ 61.3pp-152.9%below the sector's middle half▼ 42.5pp-101.9%below the sector's middle half▲ 51.0pp-4.0%within the sector's middle half▲ 97.9pp
Current ratio0.22▼ 0.210.21below the sector's middle half▼ 0.020.33below the sector's middle half▲ 0.120.38below the sector's middle half▲ 0.060.78within the sector's middle half▲ 0.39
Return on assets (ROA)-10.5%▼ 7.7pp-35.4%below the sector's middle half▼ 24.9pp-11.7%below the sector's middle half▲ 23.7pp63.7%above the sector's middle half▲ 75.4pp56.6%above the sector's middle half▼ 7.1pp
Staff (FTE)3.56.3▲ 80.0%
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
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 46% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €54,007
Fixed assets
€16,411 ▲ 57.6%
Current assets
€37,596 ▲ 73.3%
Equity and liabilities
Equity-€2,154
Debt€56,161
Equity is negative: debt (€56,161) exceeds the balance-sheet total (€54,007).
Key figures and ratios
EBITDA
€34,072▲
2022 · €23,887
Cash flow
€32,817▲
2022 · €22,620
Quick ratio
0.48▲
2022 · 0.13
Interest coverage
27.15▲
2022 · 18.85
Debt ≤ 1 year
€48,446▼
2022 · €56,944
Debt > 1 year
€7,715▲
2022 · €7,510
Staff costs
€12,701▲
2022 · €11,360
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,314 | €11,360 | €12,701 | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,997 | €25,296 | €25,504 | €2,151 | €2,246 | ▲ 4.4% |
| Other operating charges640/8 | - | - | €443 | €2,054 | €149 | ▼ 92.7% |
| Gross operating margin9900 | €26,366 | €18,567 | €30,726 | €37,301 | €46,922 | ▲ 25.8% |
| Operating profit (loss)9901 | -€4,927 | -€13,858 | -€2,535 | €21,736 | €31,825 | ▲ 46.4% |
| Financial income75/76B | - | - | €13 | - | €0 | - |
| Recurring financial income75 | €109 | €110 | €13 | - | €0 | - |
| Financial charges65/66B | - | - | €1,546 | €1,267 | €1,255 | ▼ 0.9% |
| Recurring financial charges65 | €2,330 | €2,003 | €1,546 | €1,267 | €1,255 | ▼ 0.9% |
| Profit (loss) for the period before taxes9903 | -€7,147 | -€15,750 | -€4,068 | €20,469 | €30,570 | ▲ 49.3% |
| Profit (loss) for the period9904 | -€7,147 | -€15,750 | -€4,068 | €20,469 | €30,570 | ▲ 49.3% |
| Profit (loss) for the period to be appropriated9905 | -€7,147 | -€15,750 | -€4,068 | €20,469 | €30,570 | ▲ 49.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,065 | €44,527 | €34,798 | €32,115 | €54,007 | ▲ 68.2% |
| Fixed assets21/28 | €54,245 | €31,378 | €12,316 | €10,415 | €16,411 | ▲ 57.6% |
| Tangible fixed assets22/27 | €50,395 | €27,528 | €8,466 | €6,315 | €12,311 | ▲ 94.9% |
| Plant, machinery and equipment23 | - | - | €6,902 | €5,292 | €6,685 | ▲ 26.3% |
| Furniture and vehicles24 | - | - | €1,502 | €1,023 | €544 | ▼ 46.9% |
| Other tangible fixed assets26 | - | - | €62 | - | €5,083 | - |
| Financial fixed assets28 | €3,850 | €3,850 | €3,850 | €4,100 | €4,100 | = |
| Current assets29/58 | €13,821 | €13,149 | €22,482 | €21,700 | €37,596 | ▲ 73.3% |
| Stocks and contracts in progress3 | €4,754 | €7,822 | €11,570 | €14,382 | €14,382 | = |
| Stocks30/36 | - | - | €11,570 | €14,382 | €14,382 | = |
| Amounts receivable within one year40/41 | €4,054 | €260 | €2,394 | €605 | €5,226 | ▲ 764% |
| Other amounts receivable41 | - | - | €2,394 | €605 | €5,226 | ▲ 764% |
| Cash at bank and in hand54/58 | €5,013 | €2,182 | €8,518 | €6,713 | €16,229 | ▲ 142% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,760 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,065 | €44,527 | €34,798 | €32,115 | €54,007 | ▲ 68.2% |
| Equity10/15 | -€33,375 | -€49,126 | -€53,193 | -€32,724 | -€2,154 | ▲ 93.4% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€41,435 | -€57,186 | -€61,253 | -€40,784 | -€10,214 | ▲ 75.0% |
| Amounts payable17/49 | €101,441 | €93,652 | €87,991 | €64,840 | €56,161 | ▼ 13.4% |
| Amounts payable after more than one year17 | €39,403 | €29,750 | €18,838 | €7,510 | €7,715 | ▲ 2.7% |
| Financial debts170/4 | - | - | €18,133 | €6,805 | €6,805 | = |
| Other amounts payable178/9 | - | - | €705 | €705 | €910 | ▲ 29.1% |
| Amounts payable within one year42/48 | €62,037 | €63,902 | €69,153 | €56,944 | €48,446 | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | - | - | €10,912 | €11,327 | - | - |
| Trade debts44 | €5,361 | €4,776 | €13,766 | €8,513 | €22,927 | ▲ 169% |
| Suppliers440/4 | - | - | €13,766 | €8,513 | €22,927 | ▲ 169% |
| Taxes, remuneration and social security45 | - | - | €5,430 | €7,447 | €9,208 | ▲ 23.6% |
| Taxes450/3 | - | - | €3,000 | €3,571 | €3,000 | ▼ 16.0% |
| Remuneration and social security454/9 | - | - | €2,430 | €3,877 | €6,208 | ▲ 60.1% |
| Other amounts payable47/48 | - | - | €39,045 | €29,656 | €16,311 | ▼ 45.0% |
| Accrued charges and deferred income492/3 | - | - | - | €385 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,147 | -€15,750 | -€4,068 | €20,469 | €30,570 | ▲ 49.3% |
| + Depreciation and write-downs630 | €24,997 | €25,296 | €25,504 | €2,151 | €2,246 | ▲ 4.4% |
| Operating cash flow (approximation) | €17,850 | €9,546 | €21,436 | €22,620 | €32,817 | ▲ 45.1% |
| Investment in fixed assets (approximation) | - | -€2,430 | -€6,442 | -€250 | -€8,242 | ▼ 3,197% |
| Change in cash | - | -€2,831 | €6,336 | -€1,805 | €9,516 | ▲ 627% |
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
06-05
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Diestsestraat 147, 3000 Leuven
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Highest result since 2018net €30,570 ▲49.3%
Operating result €31,825, net result €30,570, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €20,469
Net result €20,469 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€15,750
Net result drops to -€15,750, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has 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
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2012
Ground area
62 m²
Building footprint
62 m²
Volume, LiDAR
726 m³
Parcel 24062A0925/00A000, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Jeeskesboom
since 20122.212.903.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0925/00A000 | Flanders | 62 m² | 1 · 62 m² | 13.8 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.212.903.461
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,991 companies in this sector we hold annual accounts for 4,899. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0848660225
Also
9925:BE0848660225
Registered
29-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.