KIKAROUNA
ActiveThe computed 12-month bankruptcy probability of KIKAROUNA is 12.4% (high). The 2024 annual accounts show negative equity (€-70k) and a net result of €-58k. Equity is shrinking by ~79.3% per year across the filed fiscal years. Its solvency ranks better than 11% of 18944 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
8
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
12.4%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.46 in 2023; short-term debt: 106.9% and cash: 7.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 · 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
-93.1%
Return on assets
-76.9%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-70k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
37 d late
2022
5 d late
2021
2 d late
2020
1 d late
2019
12 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-70k▼ 475%
2023 · €-12k
2019: €19k
2020: €14k
2021: €812
2022: €-20k
2023: €-12k
2019 → 2024
Total assets
€75k▲ 305%
2023 · €19k
2019: €39k
2020: €29k
2021: €23k
2022: €21k
2023: €19k
2019 → 2024
Net result
€-58k
2023 · €7k
2019: €51
2020: €-5k
2021: €-13k
2022: €-20k
2023: €7k
2019 → 2024
Working capital
€-66k▼ 556%
2023 · €-10k
2019: €-3k
2020: €-6k
2021: €-13k
2022: €-16k
2023: €-10k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€812▼ 94.0%€-20k€-12k▲ 37.8%€-70k▼ 475%
Operating result€-3k-€-10k▼ 233%€-19k▼ 83.5%€9k€-55k
Net result€-5k-€-13k▼ 147%€-20k▼ 60.7%€7k€-58k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €9k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€61k▲ 498%
Current assets
€15k▲ 71.9%
Key figures and ratios
EBITDA
€-47k▼
2023 · €13k
Cash flow
€-50k▼
2023 · €12k
Solvency
-93.1%▼
2023 · -65.5%
Current ratio
0.18▼
2023 · 0.46
Quick ratio
0.13▼
2023 · 0.23
Debt / equity
-2.07▲
2023 · -2.53
ROA
-76.9%▼
2023 · 39.8%
Interest coverage
-16.95▼
2023 · 8.37
Debt
€145k▲
2023 · €31k
Debt ≤ 1 year
€81k▲
2023 · €19k
Debt > 1 year
€65k▲
2023 · €12k
Income taxes
€0
Staff costs
€16k▲
2023 · €14k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€19k€75k▲
Fixed assets21/28€10k€61k▲
Intangible fixed assets21€236€2k▲
Tangible fixed assets22/27€8k€57k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€556€24k▲
Other tangible fixed assets26€5k€30k▲
Financial fixed assets28€2k€2k=
Current assets29/58€8k€15k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€205▼
Other amounts receivable41€0€4k▲
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1€383€661▲
Equity and liabilities
Total equity and liabilities10/49€19k€75k▲
Equity10/15€-12k€-70k▼
Contributions10/11€19k€19k=
Reserves13€51€51=
Non-distributable reserves130/1€51-
Reserves not available under the articles1311€51-
Distributable reserves133-€51
Profit (loss) carried forward14€-31k€-89k▼
Amounts payable17/49€31k€145k▲
Amounts payable after more than one year17€12k€65k▲
Financial debts170/4€2k€56k▲
Other amounts payable178/9€10k€9k▼
Amounts payable within one year42/48€19k€81k▲
Current portion of amounts payable after more than one year42€3k€17k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k-
Remuneration and social security454/9€245€4k▲
Other amounts payable47/48€9k€53k▲
Accrued charges and deferred income492/3€540-
Income statement
Code20232024
Remuneration, social security and pensions62€14k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€28k€-29k▼
Operating profit (loss)9901€9k€-55k▼
Financial income75/76B€2€27▲
Recurring financial income75€2€27▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€7k€-58k▼
Income taxes67/77-€0
Profit (loss) for the period9904€7k€-58k▼
Profit (loss) for the period to be appropriated9905€7k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-89k▼
Profit (loss) brought forward from the previous period14P€-38k€-31k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-58k ▼881%
Net result drops to €-58k, the lowest in the series.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 5 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Schaarbeek · 1 establishment unit since 2019
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.
Josse Impensstraat 21030 SchaarbeekGround area
68 m²
Building footprint
67 m²
Volume, LiDAR
1,132 m³
Parcel 21903B0503/00H002, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Ethylo
since 20192.283.681.688
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0503/00H002 | Brussels | 67 m² | 1 · 67 m² | 20.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.283.681.688
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-2018
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.